SPX - Chart 2 of Why is this Median Line so Important?
Here is the chart 2 of why the median line is so important. It has been active for about the past 100 years! Also please note the interesting statistics of the Social Entitlement Programs that will become to much to bear for the US economy.
When Social security first started, the contribution rate was only 1%! + the employer 1% = a measly 2% into the Ponzi scheme.
The great depression and WWII workers made an astounding 100-200 times their money put into the system!
Baby Boomers contributed (including employeer match) up to 15.3% and will barely break even. In fact they will loose when "inflation" is accounted for.
Sadly our children and grandchildren will have the rates pressed even higher trying to rebalance the system as has been done many times before. Yet they will still have a loss in their retirement years.
Social Security estimates the whole system collapses in 2034.
Our Grandchildren are screwed!
What can we do about it? We can begin to really challenge the "do gooder" opinions of social programs. Never in history have social programs from government worked. Please study the Roman empire "Circus and Bread". Do not vote for this false "utopia" from politicians. Hard (and smart) work is the only way to save for retirement years.
Teach our children and grandchildren how to invest into their future. Saving as much as possible to deploy on investments for the next generation. Stop being so selfish and think about our fellow man. Help and teach others as much as possible "how to fish" instead of just giving them free entertainment (circuses or television) or free food (bread or welfare) same ideas... different names.
Stop Corporate welfare and get government out of free market capitalism. Let us choose our health, life and property ownership, with minimal regulations to only keep the start up opportunities to enter business fair and equal. But NOT guarantee equal outcomes for individual businesses or opportunities... big difference.
Don't worry, this "Old Fart" doesn't have many years left to spin on this planet, but I really care about others that work hard, but are penalized for doing so, through government confiscation(stealing) of property, wealth, money and then spent so foolishly at the cost of our future generations that can't defend themselves at the voting booth yet.
OK back to the wave counts... If the big picture is correct, we will see a 4th wave drop into 2021 or so and then the final "hurrah" into 2026-2027 or so. that wave 5 will be the top of US market for decades as the social burden becomes to heavy to lift any more. Overbearing government, taxes, and social wars break out. A huge corrective ABC down for the 21st century resets the previous 200+ years of growth.
Now lets make some good plans!
When Social security first started, the contribution rate was only 1%! + the employer 1% = a measly 2% into the Ponzi scheme.
The great depression and WWII workers made an astounding 100-200 times their money put into the system!
Baby Boomers contributed (including employeer match) up to 15.3% and will barely break even. In fact they will loose when "inflation" is accounted for.
Sadly our children and grandchildren will have the rates pressed even higher trying to rebalance the system as has been done many times before. Yet they will still have a loss in their retirement years.
Social Security estimates the whole system collapses in 2034.
Our Grandchildren are screwed!
What can we do about it? We can begin to really challenge the "do gooder" opinions of social programs. Never in history have social programs from government worked. Please study the Roman empire "Circus and Bread". Do not vote for this false "utopia" from politicians. Hard (and smart) work is the only way to save for retirement years.
Teach our children and grandchildren how to invest into their future. Saving as much as possible to deploy on investments for the next generation. Stop being so selfish and think about our fellow man. Help and teach others as much as possible "how to fish" instead of just giving them free entertainment (circuses or television) or free food (bread or welfare) same ideas... different names.
Stop Corporate welfare and get government out of free market capitalism. Let us choose our health, life and property ownership, with minimal regulations to only keep the start up opportunities to enter business fair and equal. But NOT guarantee equal outcomes for individual businesses or opportunities... big difference.
Don't worry, this "Old Fart" doesn't have many years left to spin on this planet, but I really care about others that work hard, but are penalized for doing so, through government confiscation(stealing) of property, wealth, money and then spent so foolishly at the cost of our future generations that can't defend themselves at the voting booth yet.
OK back to the wave counts... If the big picture is correct, we will see a 4th wave drop into 2021 or so and then the final "hurrah" into 2026-2027 or so. that wave 5 will be the top of US market for decades as the social burden becomes to heavy to lift any more. Overbearing government, taxes, and social wars break out. A huge corrective ABC down for the 21st century resets the previous 200+ years of growth.
Now lets make some good plans!