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Topic	Y'all ready for a repeat of 2008?
shadowsword87 03/13/23 5:15:37 AM #14:	Ozmose posted... Where a lot of people got hit last time was their 401k. I know a guy that lost 2/3 of his retirement fund in the last crash. I don't think a lot of people realize how much their money is used to gamble with by the banks and other various financial institutions. People put their money in the bank and think it just sits there. When in reality they're using it to buy bonds, and with the yield curve inverted they can't maintain liquidity. It's basically a Ponzi scheme. All your money is tied up in other peoples failing investments. Which is insured up to 250k by the federal government. Also, bonds have a return rate of 4%. If they're slapping it into bonds they're being idiots. <cite>shadowsword87 posted [p:972138453] in Y'all read... [t:80377472]...</cite> <quote>Ozmose posted... </cite><quote>Where a lot of people got hit last time was their 401k. I know a guy that lost 2/3 of his retirement fund in the last crash. I don't think a lot of people realize how much their money is used to gamble with by the banks and other various financial institutions. People put their money in the bank and think it just sits there. When in reality they're using it to buy bonds, and with the yield curve inverted they can't maintain liquidity. It's basically a Ponzi scheme. All your money is tied up in other peoples failing investments.</quote>Which is insured up to 250k by the federal government.Also, bonds have a return rate of 4%. If they're slapping it into bonds they're being idiots.</quote> ... Copied to Clipboard!
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