It's not that the 401k's will be worthless, as they are investments, I believe the Dems in Congress want to take that money to use for paying out the social security benefits they owe the boomers, but over the years have robbed that money and even if they hadn't, when the boomers start retireing enmasse, there will be more money going out than in. Some say as early as 2018.
I don't know.. I heard some Wall Street guys chattering today about "there's something in the air".. Some were saying a drop down to 6000 some.. The world is going crazy. Be interesting to see what happens in other world markets over the weekend.
I agree.. something in the air.. It's not just Wall Street.. It's everything. It's like humanity is cracking.. Something new and unexperienced in the past is on the horizen. Can feel it.
Plus, for peoples 401k's to have value.. someone else needs to be able to buy them.