[Rant ON]
The more I think about this, the madder I get.
I for one am getting utterly sick and tired of hearing the financial media / "investing for the common guy" websites and the 401k management companies like Fidelity all urging us to "ride it out" with respect to the recent Utterly Bad Times in teh Market. We're looking at a disastrous paradigm shift happening in the financial sector right before our very eyes, complete with color commentary . . . and almost the whole industry is saying "Don't panic! Things will improve! Keep your investments where they are!"
Guys, I hate to break it to you, but I'm no longer going to heed your advice. I've taken a goddam blood bath in "the market" making safe, conservative investment choices, following the best conventional advice. You know what? The world on which that advice was predicated vanished sometime this summer and it is not coming back. I have ZERO confidence that this system of legalized financial rapine of the middle class they call a retirement savings program will ever recover, and for some -- like the 55 year olds in their last ten years of working -- it is is already far too late. The sharks in pinstripes told us not to count on Social Security to be there for us, while all the while these criminals were fucking each and every one of us over. Effective immediately, I am moving my retirement savings to a nice safe credit union, like this one. No longer will I particpate in this system until or unless the incoming Obama Administration completely fumigates Wall Street. Literally. As in "with nerve gas." I want to see these thieves HUNG for their crimes, alongside every deregulator, "free" marketeer, "free" trader and war criminal in that cartel of evil known as "the Bush Administration."
I do not expect government intervention in this mess; I DEMAND it. And President-elect Obama, Goddess bless you, I hope you deliver after you are sworn to our service in this Nation's highest office.
[RANT Off|
Thursday, November 20, 2008
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