From the ponzi schemes.Who are pension funds with contractual obligations going to sell their ponzi papers to, to pay out BoomerX Joes liquidity. By mid this year the pension funds go belly up. Congratulations to the idiots that paid for 40 years into ponzi schemes and expected a pay out. You got scammed
I cashed out a 401k and bought silver
>>62067966Retarded. You did basically the same as if you kept the liquidity in the ponzi game. The only rational move regarding the base layer of the ponzi schemes defecting in large numbers is shorting the shit out of everything tradfi and pension funds hold, including shiny rocks
>>62067978do you think trading against the money printer is a good idea?
>>62067937I reduced my rate from 13% to 6% last month. I've got too much in retirement accounts and not enough in my brokerage account, and it's gotten to the point where it's likely to cause tax problems during retirement. I'm ineligible to contribute to a Roth due to income restrictions.
>>62067985The treasury can shit bonds as much as it likes, it can "print" monies, it cannot print demand or legislate solvency
>>62067994sure, but if you short boomer assets, i.e. sell them for dollars, and the boomers just decide to print more dollars, where does that leave you
>>62068003You should keep an eye on the auctions and the bid to cover. The fed has now two options, and both are going to lead to the same outcome. It either destroys its reputation and buys up toxic crap be it CRE bonds and treasury bonds and really make the meme of de-dollarization come true or it tries to defend the currency and remains hard and forces the treasury and the political sphere into default. In both cases the entire house of re-leveraged secondary ponzi collateral, so mostly boomer shares, boomer rocks, boomer boxes.... Will only know one direction, down
>by Tyler Durden
>>62067937is this why Vanguard wont stop emailing me to max my 401k contribution?>I contributed 0 last year lol
>refuse to pay people enough to live>wages are literally 50% of what they are especially in college educated jobs which require degrees which require loans>retarded hiring requirements>hurr why are people not playing the retirement game when they can't feed themse'vesbased boomers for having zero foresight at any point in time and seemingly infinite selfishness.
>>62068231Yes. Every plan to keep the ponzi solvent post November 25 when the main stabilizer for 70 years of ponzi scheming went from net positive cashflow into net negative cashflow failed. That's all they can do, beg you to not defect. Its absolutely rational to not just defect but to actively hunt and kill them
>>62068103newfag
>>62067966I hope someday you realize how stupid that was
>>62068492>let me just exchange my pile of gold for these weimar bank notes for my own convenience
>>62068492You really are not able to count 1-3. The redemption requests from these ponzis are outnumbering the in flows for the very least the next 30 years. Looking at the amount of young GenZ and Alpha and extrapolating that they as well are going to have less children, more like 80-200 years.So no, defecting now is the most rational thing to do. Let the BoomerX and his ponzi pension scheme go bankrupt and clown on the idiots that like retards paid for 40 years into ponzi schemes that were not sustainable
>>62067966Ignore the retards on this board. You are a king for getting silver instead of holding monopoly money
i cant take anymore than $10k per year out of my retirement fund. they literally force you to hold the bag here (australia)
>>62069774Sounds like an incentive to pro actively take the funds from those getting paid out now from the same pool now
>>62068511Boomer here. I fully expect my pension and SS to be worthless in the near future. But you are mistaken if you think the government is going to just stop the party. They are going to churn out so much paper you will think you woke up in Zimbabwe. And that is going to wreck everyone, not just boomers. Gold and silver are the only safe assets. Even land isn't safe because government will just jack up taxes to pay its own spiraling bills. If government can get to your wealth through taxes or inflation (a secret tax) it will leave you broke.
>>62067937This is extremely bullish news
>>62067966Based
>>62067937The entire point is to pay everything off with retirement money.>My name's on the masthead!>You might wanna check again.
>>62069863>P-please buy my rock>It was once 100 years ago considered worth something You are mistaking geezer. Not shiny rock is the play, but mercyless violence is the play, and not just against your representatives of the present and past, but against you as well. Its a democracy, you vooted, you legitimated the theft with every ballot you casted, with every subsidy you cashed in. You might not have personally profited, but that doesn't matter, you as a generation loaded a generational guilt on yourself by your actions
>>62069911What's wrong glowie, grooming the next McVeigh on /pol/ and sharty slow today?
>>62069911You are correct anon, the stagnation and apathy are total. We are begging for a Caesar who says who to kill
>>62069938The term would be glow nigger, and its just rational economically speaking to murder you and take everything you have. Your generation in its 20th century broadcast propaganda brainwashed retardation run after the carrot on a stick, expected to get a cookie after 40 years of loyalty and cooperation, a cookie that could not be guaranteed, but you kept vooting, you kept paying into the since the mid 90s bankrupt ponzis, and probably just until recently you full well expected somebody to clean up your mess and buy you out.We have no incentive to cooperate, no incentive to be loyal, no incentive to know mercy with your bastard generation. You had no mercy with us when you casted your ballots
>>62069962I was born in 1999 you retarded nigger. Bad intel. Also I'm buying the dip, your low-IQ chimpout was the bottom signal I needed. Maybe in the future I'll hire you as my pet shoeshine nigger like back in the day.
>>62069978Useful idiot then. Keep buying out boomers then, you are less and your laughable 2000 dollars a month of buying ponzi shares is not even remotely covering the outflows
>>62069984So basically line gongo up, you remain a poorfag for yet another cycle, and eventually I buy you for two pieces of silver and name you Jasper. Got it.
>>62070015How is line supposed to go up, when the outflows per month are exceeding the inflows per month by a multitude? Its an arithmetic impossibility. Ah yes, the "state" so your eroding purchasing power is going to buy bags, just like in Japan, right?
>>62068492Now he has his wealth in his possession and multiplied it in just a year.Compare that to the promise that he'll be able to access his own money in 30 years if he just keeps paying up now.
>>62068511>less childrenFEWER children
>>62069911>you are mistakingget out, ESL faggot
I cut mine down to the company match because I realized its just a scam that locks your money away until you're old.
>>62068247Forgot the "guess we better import stinky immigrants" step
>>62072190Did the same cause I need the cash now to buy a house sooner rather than in 30 years.
>>62067966Based anon is based.
>>62072190>>62072280you fuckers are lucky yours is optional. In australia 12% of your paycheque goes in and you cannot touch it until you're 60.
>>62068103>by Tyler DurdenWriters for controversial outlets are advised to hide their identities to prevent doxxing and vanning.
>>62067985Yes.
>>62067966>bought silveryou have my condolences
>>62067937there is a difference between a ponzi scheme and overpaying for something...sounds like youre mad your 401k isn't self directed
>>62076388This nigger thinks he will see a cent of the money he put in pro tip you won’t
i would concede a target fund is a ponzi scheme because youre buying bond indexes and there will be some tesla in the equities
>>62076394im retiring at 40 on 72t distributions...not only will i see all the cents i put in, but many more
>>62067937> people cant pay rent or major expenses> durrrr workers have cut their retirement savingswater is still wet
>goes down 2% in 1 month>"it's over..."Youtube shorts were a mistake.
>>62067937My pension fund comes with a disillusion clause. If they fail to make payout, I am given full legal authority to perform wealth hunts on the banker class
>>62067966I hope someday you realize how brilliant that was
>>62067937libtards should shut down zero hedge for the lulz when they win in 2028. totally useless and fake website.
>>62068103it's a team of pajeets larping as a 1990's hollywood movie character kek.
>>62069863Lmao stop sniffing lead, boomer.
>>62069863>Social security>WorthlessIt's already worthless lmao. It gives you 2% returns for everything you put in and it's backed with nothing. At least a Ponzi scam promises somewhat decent returns, I wish there was just a way to completely opt out without having to join the Amish cult.
>>62067989/threadall this shit is for poor people who don't even know roths have restrictionsI'd rather have my money usable now, not in some dogshit 3rd tier brokerage
>>62067989>I'm ineligible to contribute to a Roth due to income restrictions.It takes like 2 minutes total to do a backdoor contribution to a Roth in fidelity. There's no excuse not to.
>>62077028>backdoor contribution to a Rothcan you elaboratemy boomer dad is going to leave me millions in his traditional IRA but the taxes are going to suckis this a way to avoid said taxes?
>>62077038No, backdoor is just how to get around the income income requirement for depositing into a roth. Whatever brokerage you use can tell you how to do this.You can't avoid the taxes on the inherited IRA itself, no way around it.
>>62077064Reminder that the IRS still hasn't decided if this "backdoor Roth" thing is actually legal, since it potentially violates the Roth income limits.
>>62077189Congress can close the loophole anytime they want. They chose not to because the limit was stupid to begin with.
>>62077228The IRS can also close the loophole anytime they want, but unlike Congress the IRS can make it retroactive.
>>62077243Can the IRS screen 100M defectors when congress shits out a piece of paper that commands this? No. It has already long been over for "public" institutions with an average age of 58 among their actors. The cooperators are the suckers, the defectors win
>>62069389A 401k holds shares of businesses, not cash.
>>62077567Probably one of the worst scams ever produced. Whoever fell for it in the last 30 years proved to be the most retarded cattle the world has ever seen; a Boomer
>>620775611) Yes. They have all the data needed to do this, and they do this sort of screening all the time. It's literally their job. 2) Congress doesn't have to "command" shit. The IRS - of its own initiative - can simply decide that backdoor roth conversions in a given year which resulted in roth contributions exceeding the income limit are now - and were then - in violation of the law, and levy the appropriate fines and penalties against those accounts, for each set of conversion transactions that exceeded the roth limits.
>>62077567they can and do hold both.
>>62077770>Be afraidlmfao. That's where the "state" is.>p-please be afraidNo it can't no matter how much propaganda you repeat>b-but AIlolI haven't paid taxes for 15 years, the letters go straight into the trash.
>>62077770It would be extremely unpopular. It's no different than how the ATF can just ban more shit if they wanted to, but it would put them in the spotlight. But you know what, the goyim won't do shit. Epstein won the lottery twice and no one seems to care about that at all. No one gives a shit about how bad they're getting fucked.
>>62067937Wow a 1.1% increase!Amazing!
>>62067937NOTHING EVERHAPPENS EVERY TIME ITS ALWAYS A NOTHING BURGER
>>62078292>No one gives a shit about how bad they're getting fuckedI care. That's why I cashed out a 401k and bought silver.
>>62078304Thats around 1B less per month flowing into a ponzi that has redemptions that already exceed in flows
>>62072450Same in Canada. Boomers tongue my angus.
