The Ugly Truth / The Upcoming Retirement Crisis

A lower cost for our freeedddooommm is all that we need right now.

PalawanBob wrote:

The GDP became irrelevant once it hit about 100%. From that point it's all down the hill. Discussing this subject is as pointless as who won the last elections. Actually, even a discussion about Covid is pointless.
If you dreamers don't see what's REALLY going-on, see the capital letters for REALLY...!!! then tough luck, all I can tell you is this:

Oh were you talking about the economy of Sweden, when you posted to ME about Swedish shelters ? 
Thats  So what? too    
because that ONLY CONFIRM what I have writtten  about my prediction since 25 years  West European and North American countries economies would go down  - even without covid.

Btw  -of the two main products my business will produce
one is rather high at what Filipinos have to have
and the other I THOUGHT had gone down by covid, but have gone up some.  Suit to export too.

So my "dreaming" ADD CHANCE  I will manage BETTER than others  during covid...

manwonder wrote:

A lower cost for our freeedddooommm is all that we need right now.

I would agree it's one heck of a lot cheaper to live here in retirement than in many other countries,,,,, especially Australia. Living here is proving to be a great decision with cash to splash etc. "Freedom"? Not quite yet but coming once things settle with this pandemic.

So back on topic though there has been some very interesting input from many members that could be controversial and some factual to this topic, for me cements my retirement and very timely demise from the work force after 45 years of toiling, Covid. The ugly truth in reality was me for years saying I was going to retire but kept going back for the challenges,,,,,, high money obviously helped in the decisions over the years but looking back? It was the challenges that dragged me to different contracts around the planet over the years.

Now? For me? The retirement crisis is a reality and honestly I should have travelled this path years ago instead of prolonging the inevitable only to add a few more bob in the bank.
The ugly truth is that I'm a retired fart now, the crisis is in fact living here or perhaps also plenty of other countries and dealing every second day with inefficiencies, inept philosophies, opportunism, fraud and always the smiling face delivering the bad news. Honestly it matters little if you have 50 bucks in the bank or a billion here. Home, retirement is here now but don't worry I oft times consider returning to Australia for a semblance of normality. In the interim? It's pretty cool here and so much easier than the logistical problems I had while working,,,,,,, always an answer or way to fix, same here.

Retired yes, happy? Not quite yet but moving forward slowly, slowly.

OMO.

Cheers, Steve.

***

Think its more than that :

Quote
"China has steadily accumulated U.S. Treasury securities over the last few decades. As of January 2021, the Asian nation owns $1.095 trillion, or about 4%, of the $28 trillion U.S. national debt, which is more than any other foreign country except  Japan."
Unquote

manwonder wrote:

Think its more than that :

Quote
"China has steadily accumulated U.S. Treasury securities over the last few decades. As of January 2021, the Asian nation owns $1.095 trillion, or about 4%, of the $28 trillion U.S. national debt, which is more than any other foreign country except  Japan."

Not a very good investment, maybe the Treasury should sell the Chinese debt on eBay and assign it to the buyer or wait  till a cryptocurrency replaces the dollar.

Are you listening Warren Buffet, Jeff Bezos, Elon Musk, Michael Bloomberg, Mark Zuckerberg or Bill Gates?

I'm betting on Bernie Madoff.

capricornrising wrote:

If CHINA would cancel the US debt to them that would be a start. Over a trillion dollars. China is

responsible for this and they know it. Virus was created in a lab in Wuhan. A Chinese virologist

admitted this publically. Creating a pandemic for the WORLD to suffer is explanatory what there

intentions were/are. I lived in Shanghai 2010-2012 and taught English at a university. The students were

great . The people are awesome. The Chinese Gov isn't! my heart goes out to the people.

Firstly as an apparent English teacher and self professed knowledgeable literate contributor why may i ask are you spacing your submissions skipping lines instead of paragraphs now? Was it some thing some one said to you about 5,000 words without a paragraph? Difficult to read? You don't know as an English teacher what a paragraph is? I have watched your contributions for quite some time and as a 15 year old being kicked out of  school, year 9 and finishing the same at night school while I was working as an apprentice plumber? My lowly grasp on the english language seems to far outweigh yours. Regardless and OMO but contribute also relative to the OP's submissions and as the forum rules state, Stay on topic. Or create your own rubbish.

Honestly? What has China to do with the OP's topic. The 1.1 trillion bucks are chicken sh#t compared to the 25 odd trillion, probably for all we know a lot more that they are trying to pay off. If Your neighbour owed you 1,000 pesos, would you wipe it off? War? For sure . Simple don't lend because lending here is as you well know a gift. Perhaps you could reinvest in the Shanghai experience and annoy expats there? The students and people are great. Here? Just the whinging to what end? Time to leave as you have stated.

The ugly truth here is that while some sprout to live on PHP 12 K per month, proven to be 17 K plus per month and probably more? Pretending? Most here are honest and don't need to play games nor post for the sake of posting to throw in conspiracy theories, get your own web site up and running.
Sorry capricorn but you blew it, Stay on topic or apologise for drifting off topic for your own reasons or perhaps start a new thread for your own agenda.

Perhaps my time to be booted for being honest and expressing my observations on this site.
Nothing gained etc.

Cheers, Steve.

Wow did someone pee in ur cheerios?

Nope...what we don't need is another Bernie Madoff...what we really need right now is a song fm Barry McGuire (Eve Of Destruction) maybe?

Enzyte Bob wrote:

manwonder wrote:

Think its more than that :

Quote
"China has steadily accumulated U.S. Treasury securities over the last few decades. As of January 2021, the Asian nation owns $1.095 trillion, or about 4%, of the $28 trillion U.S. national debt, which is more than any other foreign country except  Japan."

Not a very good investment, maybe the Treasury should sell the Chinese debt on eBay and assign it to the buyer or wait  till a cryptocurrency replaces the dollar.

Are you listening Warren Buffet, Jeff Bezos, Elon Musk, Michael Bloomberg, Mark Zuckerberg or Bill Gates?

I'm betting on Bernie Madoff.

Its some funny USA opened up trade with China because expecting USA would get much plus in the trade ballance, but it ended up the opposite   

Better listen to Warren Buffet because recently he has started saying as I     have done several yeas.

If someone dont know Mark Suckerberg is a PROVEN scammer. Twice...