FKJacobs: I am not alone.... It looks like 70% of Americans will not ever have enough to retire.... As as this article says there is no way all of us will be able to keep working into our 70's...The privet 401K system has failed... Most Pensions have been stolen or revoked....http://www.nytimes.com/2012/07/22/opinion/sunday/our-ridicul......------------------------I just finished watching the video on the bbc link provided by wzambon from this post http://boards.fool.com/its-a-tough-life-30162020.aspx "It's a tough life", where we learn there is at least $21 trillion hidden by 50 banks around the world. The richest people in the world are cheating the tax system, buying lobbying and a gov't that turns a blind eye to loopholes and offshore secret holdings. I imagine those rich folks can yacht around the world in their furs and diamonds and watch the consumers dwindle to nothing. Then they can watch the world turn to chaos and their wealth will mean nothing. Not very farsighted of them. You reap what you sow.THE DEFINITIONS from the urban dictionary for 'You reap what you sow": 1. Everything that you do has repercussions. It comes back to you one way or another. 2. You cannot escape the consequences of your actions. What you do comes back to you. 3. You will see the long-term effects of your actions.
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