tag:blogger.com,1999:blog-4863014635257598503.post6968661143958990195..comments2024-02-27T22:18:53.706-05:00Comments on Zero Hedge: Obamanomics: The Bud Selig ViewTyler Durdenhttp://www.blogger.com/profile/00165439451205639523noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4863014635257598503.post-40955517848107457892009-03-27T16:04:00.000-04:002009-03-27T16:04:00.000-04:00Exactly - you can't even by TIPS (linked to CPI) t...Exactly - you can't even by TIPS (linked to CPI) to protect yourself - it will be manipulated to reduce Soc. Sec. benefits. So what can you do? Buy gold, oil... real estate??? <BR/><BR/>I think this blog is appropriately named...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-12610184693451621632009-03-27T13:45:00.000-04:002009-03-27T13:45:00.000-04:00Unfortunately for retirees, Social Security is ind...Unfortunately for retirees, Social Security is indexed to the CPI, which at this point has little connection to reality, thanks to all of its ridiculous adjustments.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-58487167046759362009-03-27T13:26:00.000-04:002009-03-27T13:26:00.000-04:00As you point out, the critical moral hazard here i...As you point out, the critical moral hazard here is now how the financial industry responds to these bailouts, although that will be bad. Much worse is how average citizens respond to having their debts or, as the case may be, their savings wiped out. We're about to create a mindset just the opposite of the one that emerged from the great depression. Damn the torpedoes, Full speed ahead boys.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-65271607047650092902009-03-27T11:30:00.000-04:002009-03-27T11:30:00.000-04:00A very honest view of things (ZH)..A very honest view of things (ZH)..GS751https://www.blogger.com/profile/12104712741442133837noreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-21977403672552136402009-03-27T10:44:00.000-04:002009-03-27T10:44:00.000-04:00Don't worry about all that debt, we'll just inflat...Don't worry about all that debt, we'll just inflate ourselves out of it!!<BR/><BR/>Oh wait, more than half our debt is due to the Social Security Admin...which pays benefits indexed to inflation...<BR/><BR/>Whoops.<BR/><BR/>Looks like higher taxes and no Soc. Sec. for gen X'ers.Anonymousnoreply@blogger.com