Debt. Terror. Politics. To Seattle Millennials, the Future Looks Scary

101–102 of 102 posts

Re: Debt. Terror. Politics. To Seattle Millennials, the Future Looks Scary

#101

Post by ethanbond » Tue, Aug 23, 2016, 1:51 AM UTC

nickbauman wrote: post #94

ethanbond wrote: post #91

Earlier quoted context omitted.

Is the condescension actually necessary? How about the first past the post voting system that guarantees two party dominance and thus the silencing of anything but the most extreme and/or most well-funded opinions? That is what broken means.

Welcome to America, c. 1928. I'm not saying your criticism is incorrect, you're just really late to the party! With a voter participation that's as low as it is, is there any wonder why what you say is true? So, it's not condescension. I'm being complete sincere when I ask. Look at every democratic president since FDR. All of them are to the left of Clinton on many issues. Yet Sanders, to the left of her on many issu…

No one said it's a new criticism.

Nor did anyone say I'm not happy Bernie shifted Hillary, and that Hillary will beat Trump.

Nor did I throw up my hands and say it's hopeless.

Quite the opposite: I explicitly said that discussing the fact that it's broken is one very important part of fixing it.

"Right there beside you" by being a cynical naysayer with a bone to pick with anyone who dares publicly criticize a system that isn't quite as bad as total anarchy?

Re: Debt. Terror. Politics. To Seattle Millennials, the Future Looks Scary

#102

Post by s_q_b » Tue, Aug 23, 2016, 1:58 PM UTC

dragonwriter wrote: post #55

s_q_b wrote: post #45

Earlier quoted context omitted.

Money placed in a 401(k) is generally invested in the market. The hypothesis is that retirement money is a primary source of capital for investment banks. Some young people hold the view that this is akin to financing the banks' unethical activity, and refuse to participate. Of course this is nonsense. One can always keep invest a 401(k) in hard currency or short term treasuries (T-bills.)

> Money placed in a 401(k) is generally invested in the market. So is money put in a bank . Other than stuffing cash in a mattress, there are very few ways you can save money that don't involve either investing in markets or enabling someone else to do so. > One can always keep invest a 401(k) in hard currency or short term treasuries (T-bills.) Using your 401(k) to buy up central-bank issued currency or government s…

I agree, it's a foolish stance. It's primarily an excuse not to save, sort of like a homeless man telling you he doesn't own a BMW because they're bad for the environment.

Even stuffing cash into your mattress affects the total amount of dollars in circulation, and thus represents a zero-interest loan to the government.

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