For those familiar with the title this is not a review of the book by Bill Bonner of the same title (although I highly recommend you read it). This is about a day of financial reckoning for a lifetime of decisions that you have made financially. In other words, the day where you finally realize that all (or most) of the decisions you have made about money over the course of your life either worked or didn’t work.
The following appeared on April 28th in the online edition of the Wall Street Journal
If You’re Under 40, Don’t Bank on Social Security
If Plan A in your retirement scheme is Social Security, it’s time to start working on Plan B.
Based on reports last week from the folks responsible for the Medicare and Social Security Trust Funds, Americans—especially those under age 40—need to reconsider their retirement plans.
The following is a transcript and video of a speech Michael Moore gave to workers in Wisconsin…definitely eye opening
America is not broke.
By Michael Moore – 3.5.2011
Contrary to what those in power would like you to believe so that you’ll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It’s just that it’s not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.