5 ms·

The first 3/4 of this article is fucking terrifying.

by troygoode 16y ago

Super_Jambo 16y ago
If you are not fucking terrified at the moment you're not paying attention.
- apphacker 16y ago
  There's nothing to be terrified of. Just live your life and do your best. If you're going to live your entire life with fear about retirement or debt, then by the time you reach retirement age you'll have lived most of your life in fear. Which is worse? Working during retirement age or living the vast majority of your life in fear? If things get really really bad you can always put a hole in your head or jump off a bridge. So don't worry about it. Just work hard, enjoy your life, and be happy if you want to be.
  - vaksel 16y ago
    yeah live your life at the fullest,,,everything eventually works out. And if worse case scenario it doesn't...and you are broke at 55-60....go rob a bank. If you succeed you get some cash...if you fail you get free room, food and health care.
  - mkramlich 16y ago
    > " If things get really really bad you can always put a hole in your head or jump off a bridge. So don't worry about it." That philosophy might work if you're a single person. That philosophy suddenly does not work so well if you have a spouse, children, and aging parents, perhaps sick or dependent families. Suddenly the whole "oh well, I can always just shoot myself" solution isn't so clean and practical.
  - davidw 16y ago
    I'm certainly not the only one to remember all the survivalist BS from the 80ies. Maybe that'd be a good business to be in these days. "Survive in the woods with only your wits and a loin cloth!" "Bob and Doug's guide to finding beer after the apocalypse!" and so on...
- marvin 16y ago
  Why don't you just put your money in a global index fund instead? No one forces you Americans to invest your savings in your own country..in fact, that seems like a pretty bad idea in the first place, since this means that when the economy is bad and it is hard to find jobs is the same time it is a very bad idea to take money out of your investments. Seems pretty obvious to me that the American economy as a whole has so much shenanigans going on that investing broadly in it is a bad idea. Is it really that hard to move your money to a foreign currency`
  - lsc 16y ago
    they say when America gets a cold, the whole world gets the flu. Sure, the US economy is in pretty bad shape right now. but where else do you suggest we invest? this isn't a localized problem.
  - noonespecial 16y ago
    Seems pretty obvious to me that the American economy as a whole has so much shenanigans going on that investing broadly in it is a bad idea. Is it really that hard to move your money to a foreign currency The terrifying part is that what you say is true, but America is still the best place to invest. Burying pirate treasure on an uncharted island is actually starting to look good.
  - nostrademons 16y ago
    Which country? Europe is worse-off than America, China likely has their own bubble. Japan has been in a funk for 20 years. Russia has recently been cracking down on political freedoms in a worrisome way, there's no guarantee that you'll be able to take your money out once you put it in. Same for many Latin American countries.
    - nileshtrivedi 16y ago
      How about India? Indian economy has bounced back some time ago. Here is sensex over last 5 years. http://in.finance.yahoo.com/q/bc?s=^BSESN&t=5y&l=on&z=m&q=l&c= http://in.finance.yahoo.com/q/bc?s=^BSESN&t=5y&l=on&... Risk-free return rate is still at around 8%: http://www.bajajcapital.com/gss/nsc.html http://www.bajajcapital.com/gss/nsc.html
- lsc 16y ago
  eh, it's been a long time coming. corruption is endemic to the system; shareholders have outsourced management of their companies without providing any supervision. there's really no way that is sustainable.
- jacquesm 16y ago
  Terrified of what? The bogeyman? Everybody reading this still has internet access, which is not exactly one of the prime requirements for living. You've got very little to be terrified of, other than your lack of self confidence in your ability to make the best of a mediocre situation.
pvdm 16y ago
Guess George Foreman is going to give you the thumbs down once he looks you over. [see longshoreman comment above ]

The first 3/4 of this article is fucking terrifying.

Super_Jambo 16y ago

If you are not fucking terrified at the moment you're not paying attention.

apphacker 16y ago
There's nothing to be terrified of. Just live your life and do your best. If you're going to live your entire life with fear about retirement or debt, then by the time you reach retirement age you'll have lived most of your life in fear. Which is worse? Working during retirement age or living the vast majority of your life in fear? If things get really really bad you can always put a hole in your head or jump off a bridge. So don't worry about it. Just work hard, enjoy your life, and be happy if you want to be.
- vaksel 16y ago
  yeah live your life at the fullest,,,everything eventually works out. And if worse case scenario it doesn't...and you are broke at 55-60....go rob a bank. If you succeed you get some cash...if you fail you get free room, food and health care.
- mkramlich 16y ago
  > " If things get really really bad you can always put a hole in your head or jump off a bridge. So don't worry about it." That philosophy might work if you're a single person. That philosophy suddenly does not work so well if you have a spouse, children, and aging parents, perhaps sick or dependent families. Suddenly the whole "oh well, I can always just shoot myself" solution isn't so clean and practical.
- davidw 16y ago
  I'm certainly not the only one to remember all the survivalist BS from the 80ies. Maybe that'd be a good business to be in these days. "Survive in the woods with only your wits and a loin cloth!" "Bob and Doug's guide to finding beer after the apocalypse!" and so on...
marvin 16y ago
Why don't you just put your money in a global index fund instead? No one forces you Americans to invest your savings in your own country..in fact, that seems like a pretty bad idea in the first place, since this means that when the economy is bad and it is hard to find jobs is the same time it is a very bad idea to take money out of your investments. Seems pretty obvious to me that the American economy as a whole has so much shenanigans going on that investing broadly in it is a bad idea. Is it really that hard to move your money to a foreign currency`
- lsc 16y ago
  they say when America gets a cold, the whole world gets the flu. Sure, the US economy is in pretty bad shape right now. but where else do you suggest we invest? this isn't a localized problem.
- noonespecial 16y ago
  Seems pretty obvious to me that the American economy as a whole has so much shenanigans going on that investing broadly in it is a bad idea. Is it really that hard to move your money to a foreign currency The terrifying part is that what you say is true, but America is still the best place to invest. Burying pirate treasure on an uncharted island is actually starting to look good.
- nostrademons 16y ago
  Which country? Europe is worse-off than America, China likely has their own bubble. Japan has been in a funk for 20 years. Russia has recently been cracking down on political freedoms in a worrisome way, there's no guarantee that you'll be able to take your money out once you put it in. Same for many Latin American countries.
  - nileshtrivedi 16y ago
    How about India? Indian economy has bounced back some time ago. Here is sensex over last 5 years. http://in.finance.yahoo.com/q/bc?s=^BSESN&t=5y&l=on&z=m&q=l&c= http://in.finance.yahoo.com/q/bc?s=^BSESN&t=5y&l=on&... Risk-free return rate is still at around 8%: http://www.bajajcapital.com/gss/nsc.html http://www.bajajcapital.com/gss/nsc.html
lsc 16y ago
eh, it's been a long time coming. corruption is endemic to the system; shareholders have outsourced management of their companies without providing any supervision. there's really no way that is sustainable.
jacquesm 16y ago
Terrified of what? The bogeyman? Everybody reading this still has internet access, which is not exactly one of the prime requirements for living. You've got very little to be terrified of, other than your lack of self confidence in your ability to make the best of a mediocre situation.

pvdm 16y ago

Guess George Foreman is going to give you the thumbs down once he looks you over. [see longshoreman comment above ]