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Re: 301k - don't look at yours


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Posted by Kentb of SWMO on October 01, 2008 at 05:23:47 from (71.30.131.52):

In Reply to: Re: 301k - don't look at yours posted by Dave from MN on September 30, 2008 at 07:50:15:

Being skilled labor IS NOT any advantage. I am a trained electronic technician. I have been unemployed for the last 16 years as the smart? people who run this country think you do not need an electronics industry. The TRA and other retaining programs are a BAD JOKE.
This country has and is living a GIANT PYRIMID SCAM. The people who work in the factory are who supported this country for years, but they have been shrinking as the good job have been exported, OUR ONLY EXPORT? Now you can not afford a new car or or a home on the LOW wages being paid. The BIG DOGS realised this years ago. This is why they started pushing these stupid way to finance new home sales. Well the point of the pyramid,the worker who are needed to support a comsumer economy, has finally collapsed and the whole false economy is going to come down around our ears. I also knew that the day the ARM's and the home equity loans started there would come a day like this. You DO NOT use your HOME as A CHECK BOOK. These is something that had been learned in the 30's and we will have to learn it again, no matter what the smart people claim that you need to use the value of you home as an asset to build wealth. This was another part of the con. I am no great economist but I am also NOT STUPID like so many people have been. I wonder if they are remembering the High Dollar Vacation they took now that the y are homeless because their house has been forclosed? If I had been employed these last 16 year I WOULD NOT have precipitated in any 401K plan because it was a con. Do you not wish your SOCIAL SECURITY was in the stock market like W tried to get done in his first term?

Kent


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