Survey Gives A Glimpse Into Why Older Canadians Like Big Government and Stealing From The Unborn – November 4, 2018
Every wonder where the western world dissolved into a vampiric culture where the old expect the not only the young but the unborn to take care of them? Well, you may want to consider checking out a survey by financial services firm Edward Jones which can be found by clicking the link below:
Edward Jones poll: Canadians believe they need to earn $250,000 to feel financially comfortable
The interesting thing about the poll is that older Canadians believe more money will help them to feel financially free and comfortable. This is of course why life is so expensive in Canada, to begin with. A lot of the extra taxes we pay in Canada exist because instead of allowing the free market to raise the Canadian standard of living, Canadians, namely older Canadians voted for the Government to do it.
The reality is there are a lot of countries where the middle class make $250,000+ per year, but these countries usually have devalued currencies, because they put a lot of faith and trust into their big governments. When these people get $250,000 per year they still can’t retire comfortably because the cost of living skyrockets, making matters worse is that financial cycles happen whether your countries currency is inflated or not, so in a world where there’s a central bank, these countries with devalued currencies have to the same thing that countries who don’t do has much currency devaluation do which is cut interest rates, which of course leads to more inflation or in some instances hyper-inflation.
what’s interesting about the Edwards Jones survey is that the younger people aged 18-34 thought they needed close to $166,622 to feel financially comfortable. The older people got the more greedy they got, which in reality shows you human voting patterns. Older people are more reliant on the government to survive. These older people had the chance in most instances to prepare for their financial retirement, but they usually don’t instead the party and have fun and then when it’s time for them to retire they vote for the political party that will take care of them
People forget that a lot of the leftist propaganda we hear about comes from Pension and Hedge Fund managers. The main reason George Soros as an example fights for socialism and corporate welfare is that he’s hedge fund guy and it’s in his best interests to make sure that the funds he manages or overseas are profitable. This is why George Soro’s and others like him funds youth-led socialist causes. Socialism and corporate welfare protect people’s pensions. Pensions are the main reason why the governments of the world keep propping up the stock market.
I keep writing about this and of course, I get deindexed, but I have to remind people that the coming crash isn’t going to have any effect on the people with cash on them, the people that are going to feel the pain are people who reliant on debt and the stock market to survive. The economic problems we have right now revolve around fractional reserve banking and the fractions/profits for the banks and financial backers of this system are getting smaller and smaller because wage growth is getting smaller and smaller. The trick in all of this, however, is that if a crash occurs and the right political person is in office they push more and more people into debt and keep this scheme going on a little bit longer until the can come up with a new currency or a new financial solution to this mess.
The problem the globalist are running into however is that people are taking a far left stance and what they’re not understanding is that there are too many people aware of what’s going on, which equates to a new economy that’s going to emerge. The financial collapse is coming, what will be most interesting to see is what Donald Trump does when it happens. Because the collapse will happen under Donald Trumps watch. A lot of his voters will suffer for it too because Donald Trump embraced entitlements he also embraced the problem and part of the problem is that a lot of global entitlement programs are already bankrupt, however they’re able to sustain themselves because of fractional reserve lending. The problem is that the consumer is qualifying for less and less as interest rates rise and wages remain stagnant.
When this reaches its apex and profits disappear, the crash or collapse will happen and the worlds central banks will have to drop their interest rates again, the damage will occur because this interest rate drop will signal there is no recovery and again wages won’t be able to go up because if they do, those people dependent on higher valued stocks and the government to survive will find that $250,000 CAD doesn’t buy you much as prices for all goods have to be inflated as the suppliers of these goods many of whom are in debt too will have to pass the costs onto consumers.
This all happened because older people expected to get something for nothing, a lot of people voted to have financial entities backed by government promises to take care of them for life. This model is not sustainable it’s coming to an end! This is the period that you’ll want to hold cash and hold liquid investments because to get to the bottom of this problem is a painful reality that governments can’t take care of you, you have to take care of yourself.
The reason why most younger people assume $155K is enough to live comfortably is because it is, it should be, you should be able to save a lot of money if you make $155K, the reason why older people need more is because they’re the ones who aren’t financially responsible, they’re the ones making promises to people they can’t keep, they’re the ones living above their means, they’re the ones who abandoned the concept of saving for a rainy day and instead opted for a lifestyle they can’t afford.
These older people will say they want the money so they can take care of their kids and others, it’s all bullcrap, they want the extra money they they can be the envy of their peers, a role model to the people they believe look up to them. They want more money because money makes you appear smarter, prior to the baby boomers becoming the new geezers of the world, real men and women of prior generations had to be brutally honest with their children and tell their children inconvenient truth’s about life.
These older generations had to live by example and they couldn’t hide behind money and government promises. A lot of what is now the baby boomers had much easier lives, many of them got in on the Ponzi scheme early and what’s happening is that their Ponzi scheme is starting to unravel and I keep telling Canadians don’t expect the change to happen right away, there really might have to be an economic collapse before people realize how bad these financial problems are.
Interesting times ahead
