They need to pull their money out of the markets to retire. And the banksters want all that money in their accounts, how dare those boomers withdraw "our" money.
Government and Private Equity Firms are now the primary lenders in society.
The primary lenders care more about the balance sheets of the banks and not the deposits on hand.
I don't think that banks care about retail investors like they used to.
Boomers can pull their money out of banks. The central financial system will fill in the gap.
When boomers sell their homes and businesses, private equity firms will gobble them up.
I think that the boomers will have wonderful retirements ... at the cost to the world at large.
You may be correct.
However, you could say that the money has already been stripped out. The retirement funds are already gone.
So says Catherine Austin Fitts
Private equities are already selling off houses. Some at a loss. And if they all figure we are heading for a crash, they will wait till the bottom to buy.
But it really depends on what wall street thinks/feels. They may be bamboozled in this giant bubble pop as well.
We are probably going to see UBI for retired people, or special bonds to pay for retirements. Or some scheme.
And so, at the cost of the world at large.
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