1/ The Cathedral is starting to admit that Social Security is going to collapsehttps://www.washingtonpost.com/opinions/we-were-right-to-worry-about-the-nations-fiscal-future-but-i-know-when-to-fold-em/2021/01/27/dae752fc-6023-11eb-9061-07abcc1f9229_story.html …
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4/ Strongly disagree. The Cathedral CREATED SS. The Cathedral WANTS people to believe in SS, need SS, and trust the SS promises. Cradle to grave welfare benefits creates a compliant citizen class that listens to, trusts, and obeys their lords.https://twitter.com/DylanTrout8/status/1354766367694663683 …
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5/ I agree with all of this. The reason to save for retirement today is not "you will starve to death when SS ends in 2049". It's instead "I'd rather spend 2049 fishing from my boat than spend it sneaking into barns to steal horse food".https://twitter.com/logosimian/status/1354767917460516864 …
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6/ I'm not a gold bug. I'd say: * live below your means * pay off debt * save, diversified in stocks and other assets * skills are always good; improve your earning powerhttps://twitter.com/TylerGroenendal/status/1354768525886369793 …
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7/ A financial collapse won't be "the end of late stage capitalism". It'll just be another 2008 or Black Tuesday of 1929. The system will continue, just folks will lose 30-50% of their assets.
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Even people who weren't prepared got through the Great Depression. Yeah, some people starved to death and some people snuck into barns to eat horsefeed. And some people figured rock bottom was a good place to found an empire. No point in giving up before God calls me home.
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What is the preparation? Diversified investments? Gold? Skills?
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