> Given the volitility of the stock markets, the corporate raiding like
> Enron & Worldcom, and the regulation failures we see in the financial
> sector, few young people would choose to invest. But young people also
> see that Social Security is unfunded and wont be there for them. Neither
> presidential candidate either understands the depth of the problem, of
> if he does, is up front about the answer.
>
> I do not see that the Greens or Libertarians have a responsible proposal
> either. Given the grip of those receiving entitlements and the power
> elite manipulating the asset base of the economy, both to achieve near
> term ends, there will not be a democratic mandate to do anything, and so
> the government will continue to borrow money as long as it can.
>
> Given that many other economies are also inept and corrupt, money from
> them will continue to come in from systems that are even more unstable
> as long as it can. Of course, without re-investment in these second tier
> economies, conditions will deteriorate there, no more money will be made
> there. Famine, anarchy, barbarism, and and revolution is likely; without
> functional governments, banditry, drugs, and piracy will spread, even to
> the point of destroying international trade.
>
> All the currency which now circulates in those economies will come back
> with the members of those elites who flee, and that will set off
> inflation. The entitlements will be adjusted like always, but a few
> months later will be worthless, and that will effectively reduce them to
> whatever level the remaining economy can afford.