What is Going On? Part I

I went to the local produce market this morning to buy some vegetables, and there was an elderly lady paying for her goods as I approached the check-out counter. There was one other person before me who was also waiting in the lineup, so I stood in queue as the casher waited for the elderly lady to count her money to pay for her goods. We waited. Then the elderly lady told the casher that she did not have enough money, and asked if the casher could take one of the items off from the total amount to see if that would balance out to what she could afford. The elderly lady then went though her purse again digging out more loose change and spreading the coins out on the counter top. The casher with her skill in handling money, flicked each coin across the counter into another pile, moving only her bottom lip as she counted them. Then when the pile of coins was completely gone, she looked up at the elderly lady and told her that she still did not have enough. Again the elderly lady chose one time from her bag, some hamburger meat, and the casher scanned it out, lowering the amount of cost to $9.78. The casher told the elderly lady that she now had enough money, and then took the unscanned items and moved them behind her. The elderly lady walk out out the store, moving slowly, a cane in one hand, and her groceries in the other.

At this point I felt sorry for the elderly lady because I know how much everything has inflated with costs; to be on a fixed income, a senior’s pension, is in its self a very scary economic dilemma. The humility of working hard all of your life, only to be faced the uncertainty of a government social program falling to pieces once you have finely reached it to received its benefits is unforgivable.

It made me realize that retiring with a pension is only a wishful dream. As I see the people of my country voting in a more conservative government, the prospects of relying on my government to help me when I reach that age becomes dashed, thrown out the window–ain’t going to happen. Sure, the government will take every cent I work for, but will I end up like this poor lady in the market too when I reach my golden years? I often think about this. I think about how much I should put in to it, I mean paying taxes to support a failing infrastructure like our Canadian Pension Plan?

Seven years ago I embark on a mission to find the best way to save for the future without having the “leaches,” or “middle-men” sipping off the cream while I worked to keep the savings growing. Since then, I have learned that keeping my money out of the Bank, and keeping it working, was the most beneficial way to save. I invested in commodities, mainly other currencies including Gold, and so far the rewards have being outstanding. Since I handle the balances myself, the need not to pay a currency manager has being the biggest savings. So perhaps when I reach age sixty five, and the pension system will have collapsed, at least I will have my own savings, savings that have already had there taxes paid, at my disposal so I’ll have enough money to by some food.

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