Message from @codrod

Discord ID: 647112891547385876


2019-11-21 16:28:48 UTC  

Or you think I am some bullshit artist?

2019-11-21 16:29:08 UTC  

No faith in their budgeting ability

2019-11-21 16:29:11 UTC  

mainly

2019-11-21 16:30:28 UTC  

I am worried no matter who wins politically, our country is headed over the edge in 10-20 years financially no matter what happens.

2019-11-21 16:30:44 UTC  

Good thing we don't have any manufacturing anymore to weigh us down.

2019-11-21 16:31:12 UTC  

We bring the whole world with us at least

2019-11-21 16:31:44 UTC  

Yes the budgeting ability is a disaster

2019-11-21 16:32:11 UTC  

I’m rather alarmed myself. Even Trump isn’t doing much to curtail spending

2019-11-21 16:32:41 UTC  

he saved a billion from Boeing, but I think that's about all 😂

2019-11-21 16:32:41 UTC  

No one seems to be able to

2019-11-21 16:32:43 UTC  

10 might be high, 5 is also totally possible.

2019-11-21 16:33:23 UTC  

Well japan has a debt to gdp ratio twice ours and they are still going strong

2019-11-21 16:33:36 UTC  

Yeah well

2019-11-21 16:33:36 UTC  

So they are a pretty good canary in teh coal mine

2019-11-21 16:33:48 UTC  

Japan is the only country worse then us and they're in an unusual spot.

2019-11-21 16:33:57 UTC  

When no one loans them any more money well know how much time weve got

2019-11-21 16:34:01 UTC  

Hahaha.

2019-11-21 16:34:33 UTC  

I'd have to look into it more, the question is how does Japan set up its public services, debt, foreign exposure, ect.

2019-11-21 16:34:53 UTC  

Maybe they're putting all their debt public vs us who have hidden it more in retirement areas.

2019-11-21 16:35:08 UTC  

Social Security and Healthcare.

2019-11-21 16:35:36 UTC  

are what cause it for us

2019-11-21 16:40:48 UTC  

Our SS system is technically never in debt. It's always got more assets than liabilities. However, those assets are government bonds. So our government's debt is mainly debt to itself. Or another way an IOU of our trust fund.

2019-11-21 16:41:01 UTC  
2019-11-21 16:41:30 UTC  

Lawyer reviews coming YT Armegedon

2019-11-21 16:41:42 UTC  

@codrod Ive also heard retirement funds, even government ones, are wildly underfunded all over America.

2019-11-21 16:41:58 UTC  

Cali has cities that are billions in the red and will come due in the next decade.

2019-11-21 16:42:11 UTC  

who wants to retire? thats how you die young

2019-11-21 16:42:32 UTC  

my grandpa is still working at 94 lol. doesnt have to but keeps him healthy

2019-11-21 16:42:41 UTC  

Start Retirement planning as soon as you get your first job.

2019-11-21 16:42:50 UTC  

or dont retire

2019-11-21 16:42:54 UTC  

and not die early

2019-11-21 16:43:08 UTC  

401k is a great place to start

2019-11-21 16:44:06 UTC  

and buy Short/Long term disability insurance.

2019-11-21 16:45:27 UTC  

Wise words

2019-11-21 16:45:42 UTC  

Even if you somehow never retire, you'll be a good parent and leave your kids assets.

2019-11-21 16:45:47 UTC  

Yeah but lots of people drift in their 20s

2019-11-21 16:46:11 UTC  

Or have terrible hardships or just a bad job.

2019-11-21 16:46:12 UTC  

Well don’t be like I was

2019-11-21 16:46:18 UTC  

Yeah or like I was.

2019-11-21 16:46:34 UTC  

Just because society allows us to be degenerates, doesn't mean we should.

2019-11-21 16:46:46 UTC  

I think a lot of men are programmed to drift until 30’s