/biz/ - Business & Finance

[Anonymous No.15043668]

Um /biz/ bros I think we have a problem.

>recession expected to hit by 2020
https://fortune.com/2019/06/04/next-recession-2020-predictions/

>around the same time baby boomers are going to retire en-mass as they reach 65
https://finance.yahoo.com/news/americans-retiring-increasing-pace-145837368.html

>most pensions are either underfunded or not funded at all (78tril worldwide)
https://www.cnbc.com/2016/03/16/rich-countries-have-a-78-trillion-pension-problem.html

>1%ers have been leaving high tax states enmass for the last couple years to come to income tax free states (less funding for pensions)
https://www.modbee.com/opinion/article226101685.html

>baby boomers are living longer gaining an estimated +2 months to lifespan every year due to medication and improvements in medical technology
https://www.medscape.com/viewarticle/844382

Are we fucked? Why is no one talking about this?

[Anonymous No.15043690]

>>15043668
you know that not all baby boomers have been born in the same year?

[Anonymous No.15043693]

>>15043668
boomers are fucked because their pensions are going tits up

[Anonymous No.15043701]

Fuck boomers I hope they all starve.

Anyways, how does this effect Link? That's all that matters

[Anonymous No.15043711]

>>15043668
We have been, and we have been saying to buy tangible assets, along with stocking up on daily use goods, buy PM's, and hold some top 10 cryptos.
Get prepared now, it's going to happen soon!

[Anonymous No.15043716]

>american taxpayers are spending billions due to illegal immigration
https://thehill.com/opinion/immigration/439930-your-taxpayer-dollars-are-footing-the-spiraling-costs-of-illegal-immigration

[Anonymous No.15043723]

Imagine having tax flight within your own country because freedom

[Anonymous No.15043729]

>>15043711
what's PMs anon?

[Anonymous No.15043743]

>>15043729
Gold and silver

[Anonymous No.15043752]

Who cares just print money for teh boomers

[Anonymous No.15043760]

>>15043701
based

[Anonymous No.15043761]

>>15043743
ah precious metals, thanks lad. Anyway I think crypto boom depends on the effect of the recession. If it will mean that fiat currency is in danger of being devaluated, you can be sure people will look for safe havens

[Anonymous No.15043765]

>>15043752
want some? made with real cheese

[Anonymous No.15043785]

>blacks and hispanics are a HUGE drain on our economy
https://thealternativehypothesis.org/index.php/2016/05/11/fiscal-impact-of-whites-blacks-and-hispanics/

>africans are arriving at our southern border for gibs
https://abcnews.go.com/Politics/surge-african-migrants-arriving-us-southern-border/story?id=63764050

>people are hopping the border just to get medical treatment
https://www.statnews.com/2019/04/10/border-crisis-emergency-clinics/

https://www.theatlantic.com/family/archive/2019/07/border-crisis-reaches-emergency-rooms/594160/

[Anonymous No.15043935]

>boomers retiring
they don't contribute that much at work, it will be a stress relief for many businesses when they don't have to pay their salary anymore. With the extra money they can hire zoomers and millenials for new positions, for 30% of the price, with 10x the productivity.

>pensions
What businesses are going to do is pretty obvious. They'll fund the pensions at a variable rate (30%), and then if they are sued they'll just use their lawyers to draw it out, and settle out of court by paying them an extra 10%, claiming their businesses will fail if they pay out (to be fair many pensions are criminally high)
for example:
>The list of recipients is dominated by former cops and firefighters whose million-dollar payouts from a separate retirement program drove their incomes well over the $220,000 annual limit the IRS allows pension funds to pay.
Yes, there are pensions paying $300k/yr to people who already got paid for their work.

Government pensions are a little more to be worried about because they're incompetent. Likely they'll just be years late on payments and boomers will die before they get their payouts.

[Anonymous No.15044050]

>>15043668
>we have a problem.
Not me: I own the KING

[Anonymous No.15044174]

>>15043668
hopefully booms will live long enough to reap what they have sown

[Anonymous No.15044204]

boomers panic sell, shitposting chain letters on facebook to other boomers about a crash, creating a self fulfilling crash and they crater the economy for another decade.

like pottery