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View Diary: Americans' Retirements Are in Tatters. What Does That Mean? (129 comments)

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  •  Of course, a lot of people lost a lot of their (8+ / 0-)

    retirement "savings" because there is no vehicle for savings or investment anymore. Neoliberal policies intentionally driving the return paid by interest bearing certificates of all kinds below the rate of inflation have had the intended result of forcing most people to gamble most of their intended "savings" on wall street. I know plenty of people who saw the value of their 401Ks and other portfolios lummet more than once.

    That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

    by enhydra lutris on Sat Jun 22, 2013 at 12:29:16 PM PDT

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