Life's Great If We Don't Think About What Lies Ahead!
Shouldn't we give up and call an end to the entire fake, faulty and 
corrupt process called government? After all, life's great if we don't think about what lies ahead. Let me explain.
The government continues to deficit finance on a huge scale and rate. The numbers are fraudulent because the process allows special interests and ordinary citizens to pretend that all is well. My point is that if interest rates were allowed by the FED to return to the 5%+ of the past 25 years, this budgetary scam would blow up tomorrow, given the $19 Trillion of current debt.
What is even more scary is that:
- none of the projections allows for a normal hard recession in the business cycle,
- worse yet, is the massive unfunded obligations for government employee and military pensions, unfunded Social Security, Medicare and Obamacare subsidies,
- perhaps the most egregious, is the US War Machine's absolutely voracious appetite for ever larger appropriations in spite of the fact that the US War Machine annually spends the aggregate total of the next ten largest military spending nations combined. Totally unbelievable!
- Last, but certainly not least, is the FED and Treasury policy preference for zero (0) percent interest rates.
- Pray tell, how do our private employee pension plans continue to remain solvent when our plans are forced for 'prudent investment reasons' to invest a large percentage in the highest rated 'investment grade bonds' which yield virtually no interest income anymore?
- How will our pension plans pay us our pensions in the future?
- Indeed, with a zero interest rate policy, what do all responsible persons do who try to save for their futures by 'investing' in CD's and other fixed rate 'safe' investments? Their savings can't grow and their responsible behavior, designed to take them into and through retirement, is sabotaged by government policy.
Conclusion
The baby boom generation, and those beyond, are being set up to exist during their 'golden years' in a state of penury. The short shelf life span of those of us on the leading edge just might allow us to escape the consequences by being on the front benches of the grim reaper's warehouse.
Life is indeed great if we don't think too deeply about what lies ahead.
Disclosure: The original article (a personal email) was edited ([ ]) and abridged (...) by the editorial team at munKNEE.com to ensure a fast and easy read.
The sad fact is the baby boomers are getting massively screwed by the Federal Reserve trying to punish capitalists from holding money and trying to make money from having it. Their new solution is to make it a cost to hold money and undermine capitalism as they clearly support planned economies and socialism. Of course it helps when they are the creators of money in such a system through either QE or negative interest rates which is like a tax on money which they will accumulate.
There is nothing good lying ahead for the baby boomers and I think they know it. The next generation doesn't have the population to support the entitlement they currently have and the Federal Reserve has stripped them of all their alternative income methods besides very risky ones like an inflated stock market and high yield junk bonds. Many more will go broke in the next downturn and many more after that.