2/ One of the reasons I worked 2 jobs for most of the past 7 years was to pay down debt at triple speed and start saving. My plan/goal is that I live well if SS stays, but still live pretty darned decently if it goes away. (of course, if market collapses too ... life sucks)
-
Show this thread
-
3/ And the chance of economic catastrophe in our lifetimes is pretty high. A doomer looks at this and says "so what even is the point? Just give up." Don't be a doomer. Preparation is always better than lack of preparation.
4 replies 0 retweets 44 likesShow this thread -
ⓘ Dogs don't have thumbs Retweeted Dylan Trout
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 …
ⓘ Dogs don't have thumbs added,
3 replies 0 retweets 43 likesShow this thread -
ⓘ Dogs don't have thumbs Retweeted E. Darwin Hartshorn ⳩ 🦬
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 …
ⓘ Dogs don't have thumbs added,
E. Darwin Hartshorn ⳩ 🦬 @VidyaDragonReplying to @MorlockPEven 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.1 reply 0 retweets 27 likesShow this thread -
ⓘ Dogs don't have thumbs Retweeted Tyler Groenendal
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 …
ⓘ Dogs don't have thumbs added,
2 replies 0 retweets 20 likesShow this thread -
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.
4 replies 0 retweets 26 likesShow this thread -
ⓘ Dogs don't have thumbs Retweeted
8/ Compounding is your friend. If there's ANY WAY AT ALL, start saving now-ish. Read / watch / listen to Dave Ramsay on budgeting, and how you can start saving ASAP. https://twitter.com/MogTheUrbanite/status/1354769152037142528 …
ⓘ Dogs don't have thumbs added,
This Tweet is unavailable.2 replies 0 retweets 9 likesShow this thread -
ⓘ Dogs don't have thumbs Retweeted SueSession
9/ Money is not a store of value. Money is a tool for liquidity. Ownership of productive assets is a store of value. Ownership of debt that others have used for productive growth is a store of value.https://twitter.com/session_sue/status/1354773407108386816 …
ⓘ Dogs don't have thumbs added,
3 replies 0 retweets 18 likesShow this thread -
ⓘ Dogs don't have thumbs Retweeted Jeff Weimer
10/ Yep. Or both. Right now the SS tables show that my wife and I will each get $2,848 / month if we retire in 19 years at age 68. I expect: * retirement age slips to 70 * payout slips down to $2k or so * SS taxes go up between now and thenhttps://twitter.com/Jeff_Weimer/status/1354774513683230721 …
ⓘ Dogs don't have thumbs added,
2 replies 0 retweets 10 likesShow this thread -
11/ Most preppers and doomers picture all-or-nothing scenarios. The bombs go off and the lights go out. Reality, tho, responds in fits and starts. Feedback loops work, to some decent degree. When OPEC cuts oil supply, civilization doesn't die ... growth slows instead.
2 replies 0 retweets 9 likesShow this thread
12/ When SS's IOUs are worthless, they don't disband SS some Wednesday at 2pm. Instead, they adjust the knobs. Full on doomerism can be fun LARPing, but it's not _useful_. Prepare for realistic / likely cases instead.
-
-
13/ Deflation only happens when money supply is fixed (bc specie currency). I can't see a scenario where we experience real deflation in a world where the fed go brrrrr > RT
@wraithburn It could even just be another Panic of 1837, with the deflationary shock of the time.2 replies 0 retweets 6 likesShow this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.