Do what thy manhood bids thee do,
From none but self expect applause:
He noblest lives and noblest dies
Who makes and keeps his self-made laws."
~ Sir Richard Francis Burton
We’re Relying on Phantom Wealth to Fund Our Retirement
Submitted by Westernerd on Thu, 2014-08-14 02:00
The sad reality is we can’t fund the enormous expense of retirement/healthcare for 20% of the populace out of our national earned income, and the savings that have been set aside are either fictitious (the Social Security Trust Fund) or based on phantom wealth created by speculative asset bubbles in stocks, bonds and real estate.
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