If you have been following financial news, you probably hear, every once in a while, that retirement accounts are woefully underfunded. That these funds will need huge gains to come close to paying out what they promised.
And thus enters the only asset class that might save the retirement funds, bitcoin.
Bitcoin will go up so much that these retirement account will be fully covered, and then some. This could be the thing that saves the boomers.
Or will it be a rug pull by banksters and blackrock?
If the retirement funds invested in bitcoin…
The retirement funds are not getting anywhere close to the percentage returns they were assumed they would get. Thus, they are all way underfunded. What they need is massive returns to get back to where they are supposed to be.
And bitcoin, which will probably do 10x during this bull run, could get them to solvency.
The problem, previously, is that they cannot really invest in bitcoin. But now, with a bitcoin ETF (The SEC announce that they were approved yesterday, but they clawed that back saying that they waz haxored.) all of these funds should be able to get into bitcoin, and then, depending on their percentage allocation, they could get into solvency. It is a miracle! Just at the time when the boomers needed a miracle.
But, will the funds see the miracle and except it? How many boomer funds will say, "We are not investing in that EXTREMELY speculative, vapor-ware, digital-only, meaning it doesn't really exist, highly volatile bitcoin" and many boomers who do not trust the new technology will opt to stay away from bitcoin. And thus, the boomers shoot themselves in the foot, just when the finish line comes into view.
Will anything save the boomers?
If you listen to Catherine Austin Fitts she tells of people telling her that the money (for retirement accounts) is already gone. They have all been sucked dry.
That there is no saving the funds, they are already gone. The money has already been moved.
If her informants are correct, than nothing but a miracle can save them. I don't even think we can go after the people that stole the money and bring it back.
If this is the case, then bitcoin is really the only thing that can save the funds.
And, every boomer should cash out enough to buy a bitcoin.
Are the bitcoin ETFs a set up for an even bigger rug pull?
Let us say that the funds do invest in the bitcoin ETFs, and they do, on paper, look like they can cover their stated outflows, and then, Blackrock goes and "loses" all the bitcoin (it was a tragic boating accident with haxors and was not a complete setup where Blacrock left the back door open, and the bitcoin is in the CEO's wallet).
All the prospectus on bitcoin ETFs are basically just betting dollars on the bitcoin price. There isn't any way they are going to stay fully funded. There isn't any way that an ETF can handle the ups and downs of bitcoin, especially since bitcoin is live 24/7, and ETFs keep banksters hours. All things point to these ETFs not staying around very long. They will implode. They may be designed to implode while the mangers run off with the bitcoin.
So, what we have here is the very thing the boomer retirement funds need, but set up in such a way that will fail, just when the funds are looking like they will make it.
I wish all the boomers, well everyone, would get into cryptos.
Because the old system is failing, and it looks like the banksters are going to planning to destroy what is left of it, to suck out that last little bit of money from the system. (also, they seem to enjoy making people suffer)
The only way to avoid complete catastrophe is to get out of the old system.
I just do not feel that the boomers have the mental power / ability to take on new information, to change to a new system of money.
Thus, we are going to have to figure out how to support the retired, or watch them…