25th Feb 2003
Finances and the Old Fart’s Harangue
My mom and stepdad retired quite comfortably after what seemed like a mad dash of savings in the last decade of their working careers. Nonetheless, one of my stepdad’s retirement hobbies seems to be lying awake at night worrying about the financial straights that I and my syblings are likely to find ourselves in when we’re their age. Then he emails it to us so we too can lie awake nights worrying about it to. I thought I’d share his recent insights with the rest of you, to spread the joy:
An interesting article the NYT by Hal Varian. He points out that for the next ten years the deficit will be on the operational side of the USG.
Currently the guv is spending in excess of $5.4 trillion but because there is a surplus in the retirement programs ie Social Sec, Medicare, etc. The current deficit calculated by the Bushies is “only” $1.9 trillion.
After 2012 the retirement funds at the current rate will no longer be surpluses but gradually become deficits. In your lifetimes the SS, Medicare and Medicaid will grow from about 9% of the GDP to approaching 21% by 2075.
If there is a lack of political will to address some of the problems now or in the next few years the easy way out is for the Government to print more money. This will translate into incredible inflation rates and if you do not have your money in real estate, stocks or bonds or some vehicle that will keep pace with inflation you will all be in a not good financial state even if you are currrently sitting on a few thou.
The last para: “All a president needs is a pliable Federal Reserve Board, and this can probably be arranged sometime in tthe next 10 to 15 years. Inflating away the debt is not pretty, but it may well end up being the most politically expedient solution to the burden of accumulated deficits.”
There are times like this when I wonder why I bother telling you these things.
W
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Urgent Tsunami Relief Update
And Yours to keep Street Smart Negotiations CD
February 11th by 11 am PST
Greetings
I?m Wayne McDonald the founder of HolisticWebDirectory.com
Tsunami Relief
T. Harv Eker, author of the Secrets of the Millionaire Mind ? Mastering the Inner Game of Wealth is generously giving away the first edition royalties to Tsunami Relief
(only Friday February 11th)
You can purchase for $19.95 a special printing; gold embossed and signed first edition - Plus get tremendous bonuses. Buy Harv?s book this morning before 11 am PST [West Coast/California], and you?ll receive a CD download of “Street Smart Negotiations.” This is awesome information! I personally paid $2,000 for this. And, every single penny of the book?s royalty go to Tsunami Relief. Plus, the best part for you with every book purchased, for a limited time, you receive two FR@@ tickets to the Millionaire Mind Intensive (valued at $2,590).
Order your book now Friday February 11th before 11am.
DO IT NOW
http://www.123relax.com/secrets.html
IMPORTANT-123relax.com makes NO income from the sales of these books.
I have offered my website services to collect the orders only.
DETAILS
Why are some people destined to be rich while others are destined for financial struggle? Find out what makes the difference in this life-changing book.
“This is the most powerful, persuasive, and practical book on becoming wealthy you will ever read. It is loaded with ideas, insights, and strategies that will change your thinking and your results forever.”
Brian Tracy, author of Getting Rich Your Own Way
T. Harv Eker, author of Secrets of the Millionaire Mind, says “We all have a personal money blueprint, that acts as our financial “set point”, ingrained in our subconscious minds. It is this blueprint, more than anything, that will determine your financial success. You can know everything about marketing, sales, negotiations, stocks, real estate, and the world of finance. If your blue print is not set for a high level of success, you will never acquire serious wealth — and if by chance you do, you will most likely lose it.
It’s simple. If you think like rich people think and do what rich people do, chances are you’ll get rich too!
YOU MUST ORDER YOUR BOOK NOW!
Order today, February 11th by 11 am PST [West Coast/California], and pay NO sales tax AND you’ll get FR@@ shipping — USA only.
You’ll Get:
T. Harv Eker’s Book — Secrets of the Millionaire Mind, Mastering the Inner Game of Wealth only $19.95
Bonuses
* Special one-time printing; gold embossed and signed first edition
* Two FR@@ tickets to the Millionaire Mind Intensive
* CD download of “Street Smart Negotiations”
(Value of over $3,000!)
They Get:
Every single penny of the book’s royalty goes to Tsunami Relief
Thank You
Wayne McDonald
Founder of HolisticWebDirectory
Urgent Tsunami Relief Update
And Yours to keep Street Smart Negotiations CD
February 11th by 11 am PST
Greetings
I?m Wayne McDonald the founder of HolisticWebDirectory.com
Tsunami Relief
T. Harv Eker, author of the Secrets of the Millionaire Mind ? Mastering the Inner Game of Wealth is generously giving away the first edition royalties to Tsunami Relief
(only Friday February 11th)
You can purchase for $19.95 a special printing; gold embossed and signed first edition - Plus get tremendous bonuses. Buy Harv?s book this morning before 11 am PST [West Coast/California], and you?ll receive a CD download of “Street Smart Negotiations.” This is awesome information! I personally paid $2,000 for this. And, every single penny of the book?s royalty go to Tsunami Relief. Plus, the best part for you with every book purchased, for a limited time, you receive two FR@@ tickets to the Millionaire Mind Intensive (valued at $2,590).
Order your book now Friday February 11th before 11am.
DO IT NOW
http://www.123relax.com/secrets.html
IMPORTANT-123relax.com makes NO income from the sales of these books.
I have offered my website services to collect the orders only.
DETAILS
Why are some people destined to be rich while others are destined for financial struggle? Find out what makes the difference in this life-changing book.
“This is the most powerful, persuasive, and practical book on becoming wealthy you will ever read. It is loaded with ideas, insights, and strategies that will change your thinking and your results forever.”
Brian Tracy, author of Getting Rich Your Own Way
T. Harv Eker, author of Secrets of the Millionaire Mind, says “We all have a personal money blueprint, that acts as our financial “set point”, ingrained in our subconscious minds. It is this blueprint, more than anything, that will determine your financial success. You can know everything about marketing, sales, negotiations, stocks, real estate, and the world of finance. If your blue print is not set for a high level of success, you will never acquire serious wealth — and if by chance you do, you will most likely lose it.
It’s simple. If you think like rich people think and do what rich people do, chances are you’ll get rich too!
YOU MUST ORDER YOUR BOOK NOW!
Order today, February 11th by 11 am PST [West Coast/California], and pay NO sales tax AND you’ll get FR@@ shipping — USA only.
You’ll Get:
T. Harv Eker’s Book — Secrets of the Millionaire Mind, Mastering the Inner Game of Wealth only $19.95
Bonuses
* Special one-time printing; gold embossed and signed first edition
* Two FR@@ tickets to the Millionaire Mind Intensive
* CD download of “Street Smart Negotiations”
(Value of over $3,000!)
They Get:
Every single penny of the book’s royalty goes to Tsunami Relief
Thank You
Wayne McDonald
Founder of HolisticWebDirectory