It's All in Attitude

When did Wall Street become a sure bet? Since the rules were changed in the 80’s which left us with no choice.

The interest on savings accounts went down to such low levels it wasn’t even worth putting money into a savings account, with inflation, one had to put all their money into investments on Wall Street to earn any return at all.

Subsequently, we’ve been herded into investing in the stock market. With the failures of the savings and loans people flocked to Wall Street for a “large return” on their savings so that we ended up with the few being in control of billions and look what happened, all the money is gone and we the taxpayer are giving them even more by bailing them out.

As everyone should have known investing in the stock market was never a sure bet. But that attitude was changed and if you didn’t invest your retirement in stocks you wouldn’t make any money so invest we did. Now not only have people not made money, they’ve lost big in one of the biggest schemes ever concocted by the rich, the few, the greedy, stealing our retirement funds.

What choices will we have now that we’ve been swindled out of our retirement money? Work forever or when our money runs out lie down and die? On top of our retirement money being stolen the federal government is telling us that Social Security is going to break the bank when the boomers start retiring.

A good friend of mine who was in three wars for this country used to say to me that “it’s all in attitude”, and he’s right. We should return to the attitude that investing in Wall Street is never a sure thing, and that Social Security, a program designed to protect against the poverty of old age is worth our investment.