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- It took a lot of chutzpah for Pres. Obama to double the national debt, then in his #SOTU address take credit for having reduced the deficit!
- @Macrotots Yep, Its the what have you done for me lately mentality. Also Dems will argue Obama deficits were necessary to get us out of recession, but that Trump deficits caused problems as the economy was growing when they were run up.
- Even with an upward revision to Q1, the annual growth rate of U.S. GDP in the 1st half of 2015 was just 1.45%
- The discovery process in student athlete wages
- SRSrocco put together a graph tracking production for the top-four gold producers. You will note a pretty consistent downward trend. If these forecasts hold, we are looking at a 23% drop in output over less than a decade. http://bit.ly/2I5FJVb http://bit.ly/2D3w91e
- @toozoned50 of course. But he won't ask.
- Which States Rely Most on Federal Spending?
- South Koreans On Track to Buy Record Amount of Physical Gold @SchiffGold http://bit.ly/1VZFUmr
- Buchanan on Knight
- China Calls for New Global Reserve Currency to Replace Dollar @SchiffGold https://t.co/PmZH6Zr8SV
Friday, March 11, 2016
Should I ditch my 401(k)?
Hey, everyone. Given the debased fiat currency known as the U.S. dollar and the government-inflated casino known as the stock market, I'm debating whether to ditch my 401(k) plan after my 10-plus years of participating. I recently had my employer scale back my 10 percent contribution down to the five percent maximum that still generates the employer match. Should I go all the way and ditch it entirely? Perhaps I'll have a clearer sense of how to proceed after I read Mark Spitznagel's "The Dao of Capital: Austrian Investing in a Distorted World." But I thought I would seek out your opinions as well. Thanks.