Here in Aus -
1989.................crash
2009.................crash
2029.................due for the next crash ?
Basically it's the same as always in that the rich want to be richer and they don't care how they do it as long as
they make money and the rest of the people don't matter.
As most politicians worldwide fall into that category it's easy for them to just dictate the laws to suit themselves
and the government can't help this time as they don't have a Telstra or gold reserves to sell.
@go-tazz wrote:Basically it's the same as always in that the rich want to be richer and they don't care how they do it as long as
they make money and the rest of the people don't matter.
As most politicians worldwide fall into that category it's easy for them to just dictate the laws to suit themselves
and the government can't help this time as they don't have a Telstra or gold reserves to sell.
Ok. So where does that leave Jo Citizen and their savings and superannuation? Up ship creek?
@martinw-48 wrote:
Not for the poor.
We don't make money in either situation.
The rich make money either way.
I lost heaps of super in the GFC so much so that my super no longer made enough interest to cover the fees and it just went backwards from then on but ultimately I don't care because I don't want to live long enough to get it anyway
Mine is now in a holding fund which only adds CPI interest and ultimately will be put with the tax office until I can
receive it so they tell me but with them being invloved I reckon it could get lost not that it is a lot.
My BIL had enough to do him but lost over 65% when it alll crashed and is now on a part pension.
The crash put a lot of self funded or those that were going to be self funded in a hole which they've haven't
recovered from.
