Well, there's no use being jealous, especially after you read what's below.
backstory
I was watching a 'sad' story on ABC (US) about how average folks entering retirement didn't any longer have their stock portfolios to rely on. The fact that the banks lost them is not mentioned. Nevertheless, these people after 4 decades of work needed some help from carers. So, what did they do? They moved to Mexico so that they could afford to live like humans. La vida buena.
So, I thought, the boomers are hitting retirement. How interesting that the cupboards are bare RIGHT NOW!
While the boomers have been thinking only about their needs, some wise guys in the merchant banks and hedge fund offices have been busy prying open the lock-boxes which hold the boomers' retirement nest egg; their private pensions and investments.
Why do you think that it's all come crashing down now?
NOW is the time for those selfish boomers to start cashing in their savings.
'What do we do, now?' say the bankers 'they want their money.'
'Tell them it's all gone,' say the Gods of money.
How do you think those traders all had so much cash for so long? They were siphoning off the bucks raised by workers in the real economy over the last 60 years. ALL of it!
What are boomers left with? Shitty government pensions, paid for by their grandchildren's work, i.e. on loan, because governments are all under a heinous pile of debt.
'Thanks, grandkids' you can hear the boomers say.
Feel like you've been cheated?
What do I care? I know that I won't have enough money for a private pension. If our children are going to pay for THIS mess, what does that mean for us, the young parents? A life of abject slavery, living hand to mouth, putting cash into mattresses?
As always, Blondie has the answer: Die Young
