IDIOCRACY
Diamond Member
- Nov 16, 2017
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Say, how you think your 401Ks are doing, in real life? Sure, they're up about 10% since December, sounds great and all, but the reality is,, the DOW is up as low as 7% since 2021, and that's three years ago.
So with that in mind, the stated (BS) inflation rates for the 2021, 2022, 2023 years are 4.7, 8.0 and 4.1 respectively. Do the math that's 18%, or 18 cents on the dollar. Then figure in some of that 2024 inflation (standing at 3.1, in govt. (BS) terms). So just call it 20 cents on the dollar, close enough to make the points. Nuff said right, 401K (7%-10% increase) lags behind stated (BS) inflation (20% increase).
Suckers
, me included.
Check this out too...
The DOW finished December 2019 at 34,874......................Then COVID hit, all bets are off. Say, did you know the DOW increased 65% in 2020 after it had sunk? Pretty good right, I was actualy surprised to see it happen, we can thank govt., big pockets, swindles and globalization. Some left-ish tried to say Biden was responsible for that increase, geeeezuz. Anyway, the DOW has been on the upswing of late, nice (BS). The DOW is currently 39,150. So, it's risen just 12 cents on the dollar (12%) since COVID (Dec. 2019). That's not even 3% a year compounded, CDs get better than that, geeezuz.
Now compare that 12 cents on the dollar for investments to the stated (BS) inflation of 20 cents on the dollar. Heck, we even get to pay taxes on the investments.
That sound like a reflection of the great economy the left tells us this is, all while the grocery store etc. whisper in our ears the govt stated 20% (BS) inflation on the dollar since Dec. 2020 is a load of bullshit?
So with that in mind, the stated (BS) inflation rates for the 2021, 2022, 2023 years are 4.7, 8.0 and 4.1 respectively. Do the math that's 18%, or 18 cents on the dollar. Then figure in some of that 2024 inflation (standing at 3.1, in govt. (BS) terms). So just call it 20 cents on the dollar, close enough to make the points. Nuff said right, 401K (7%-10% increase) lags behind stated (BS) inflation (20% increase).
Suckers
![hhello :hhello: :hhello:](/styles/smilies/new/hhello.gif)
Check this out too...
The DOW finished December 2019 at 34,874......................Then COVID hit, all bets are off. Say, did you know the DOW increased 65% in 2020 after it had sunk? Pretty good right, I was actualy surprised to see it happen, we can thank govt., big pockets, swindles and globalization. Some left-ish tried to say Biden was responsible for that increase, geeeezuz. Anyway, the DOW has been on the upswing of late, nice (BS). The DOW is currently 39,150. So, it's risen just 12 cents on the dollar (12%) since COVID (Dec. 2019). That's not even 3% a year compounded, CDs get better than that, geeezuz.
Now compare that 12 cents on the dollar for investments to the stated (BS) inflation of 20 cents on the dollar. Heck, we even get to pay taxes on the investments.
That sound like a reflection of the great economy the left tells us this is, all while the grocery store etc. whisper in our ears the govt stated 20% (BS) inflation on the dollar since Dec. 2020 is a load of bullshit?
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