Subnostr

I've tried to orange pill my dad, but he has the typical apathy of a gen Xer.

Yea.. Kind of difficult to get through. The boomers/older gen did pretty much build the system and benefited from it.

But I wonder how they think the sovereign debt burden of >120% (US) will get resolved. This question might trigger a good discussion.

Because your dad might realize that his pension is in bonds too which will lose purchasing power when they implement the financial repression playbook (aka. Inflate away the debt via real negative rates).

Everyone has an "entry" point to the topic.. Just hard to find it. Good luck 👍😊

#plebchain

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Discussion

Fiat Shenanigans 🤡🌎 2y ago

He has no pension. He's counting on social security, and I keep telling him the SS fund is probably going to be bankrupt by the time he retires. He's going to end up living with me some day.

Michael S Wildcard ✨ 😶‍🌫️🗽⚡ 2y ago

Social security will be there, just what it will purchase will be the question. The government runs ssi so they can just print more money. How's that worked out. Secondly many take ssi way to early and end up outliving their money. I'm staring down ssi as my wife is 5 years older, but we are trying to figure out the best time to take it. Luckily we have a decent income.

If all you have is ssi you're screwed in my opinion. Hope you have room for your dad, as it sounds like he'll be moving in. Unless you educate him otherwise.