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+--- Thread: Financial Collapse Heightening Factor. (/showthread.php?tid=1849)
Financial Collapse Heightening Factor. - Scythe13 - 31 May 2012
Hi everyone.
This is news and it's an awareness bulletin.
The financial system is super fragile at the moment. Eurozone, run on the banks, weakening dollar, increasing national and global debt.....etc. There's no denying it, the financial system is on it's knees.
This is where it gets kicked in the head: the Babyboom generation, the largest working percentage agegroup on the planet earning the most money and providing the most taxes, is about to retire. From mid 2012 to 2016 the largest financial exodus will occur. More people will be leaving work and selling their shares, cashing in those ISAs, claiming those life insurance cheques, and the alike, then ever before in history!!!
This will be a global phenomenon and when it happens, share prices will drop, there will be huge withdrawals from the banks, and the overall financial system will be even more screwed than before!!!
Who's ready to retire now?........everyone!!!
RE: Financial Collapse Heightening Factor. - bigpaul - 31 May 2012
yep, i reach state retirement age next year, wife the year after.
RE: Financial Collapse Heightening Factor. - Scythe13 - 1 June 2012
Thanks BP, you're not helping the situation haha.
RE: Financial Collapse Heightening Factor. - bigpaul - 1 June 2012
(1 June 2012, 11:04)Scythe13 Wrote: Thanks BP, you're not helping the situation haha.
nothing new there then!
