SOCIAL SECURITY PONZI SCHEME CRUMBLING: 25% Benefit Cuts Or Tax Hikes Soon
When will there be too many people getting benefits and not enough paying in? Here’s that answer and more…
Continue readingSocial Security bankrupt
The Treasury Department Is In Desperate Need Of A Sucker
Do not be fooled by the Treasury and all of the games they play…
Continue readingThe Social Security Black Hole Has Arrived
President Donald Trump has repeatedly said that cuts are not on the table…
Continue readingSimon Black: Social Security Will Cross Another Dangerous Milestone Next Year
The Social Security Administration says that it needs a MINIMUM of 2.8 workers paying into the system for every one retiree, however…
Continue readingJust Released: Social Security Earned A Pitiful 2.8% On Your Money
Simon Black says the trust funds don’t have enough money to keep the programs going, at least under the current promises. Here’s more…
Continue readingSimon Black: The US Government’s Net Worth Is Now NEGATIVE $75 TRILLION
When adding-up Social Security’s liability, Uncle Sam’s total net worth is NEGATIVE $75 TRILLION. What could possibly go wrong? Here’s Simon…
Continue readingThe Next Step In Social Security’s Ponzi Scheme
Social Security is now a “bad deal” for current and future recipients precisely because the costs of its Ponzi structure are starting to be felt…
Continue readingThe World’s Largest Pension Fund Loses $136 Billion
There’s a specific reason the world’s largest fund lost so much money, and the United States is in the same predicament. Here are the details…
Continue readingDO NOT Be Fooled: THIS PROBLEM Is 10,000 Times BIGGER Than The Border Wall
There’s a big fight (and a shutdown US govt) over the funding for a wall, but Simon Black says this problem is 10,000 times bigger than the wall…
Continue readingThree Strikes Against Social Security’s Already Dismal Batting Average
Social Security is going broke. The government administration already has a dismal batting average, and now this happens. Here are the details…
Continue readingOpen Corruption, Banana Republic Style: No Wonder So Many US Pension Funds Are Insolvent
Pension funds in the US are in terrible financial shape to begin with, and then stuff like this happens with this state’s pension fund. Overt corruption…
Continue readingThe Global Pension Crisis Is Bigger Than The World’s 20 Largest Economies
The US pension funding shortfall is 10% of the global pension shortfall, and the global pension shortfall is downright staggering. Here are the details…
Continue readingOne-Third Of Americans Have Less Than $5,000 Saved For Retirement
Americans are in terrible financial shape for retirement, and it doesn’t look like it will get any better any time soon. Here’s why…
Continue readingBankrupt America: Bankruptcy Soars As Nation Grapples With Unprecedented Debt Problem
Since Baby Boomers are doing a whole lot better, financially, than the generations behind them, this is very troubling news. Here are the details…
Continue readingKeith Weiner: Social Security CANNOT Go On Paying As It Has Promised
“will not have the secure retirement that he plans to have. In future years, he will look back bitterly on the bogus…”
Continue readingSilver’s Plunge Last Friday Afternoon Was Caused By The Selling Of PHYSICAL Silver NOT PAPER
Keith Weiner provides a “forensic look at the intra-day action on Friday”, and this is what he found…
Continue readingMuch Sooner Than Expected: Medicare Will Be Insolvent By 2026 And Social Security To Follow
“Closing the gap would require an immediate hike in the payroll tax of 2.78% to 15.18% or an immediate reduction in current benefits of…”
Continue readingThe Pension Crisis Gets A Catchy Name: The “Silver Tsunami”
So far nobody is paying attention, but with 10,000 Baby Boomers turning 65 every day, the crisis will come crashing down like a tsunami. Here’s why…
Continue readingDark Days Ahead As The War Between Pensioners And Tax Payers Heats Up
“If the stock and bond markets suffer multi-year declines, even modest declines, the pension war will move from skirmishes to…”
Continue readingThe Real Retirement Crisis Is That The Elderly Are Broke
“older people planning their retirement have cause for concern. Forty-two percent of Americans are facing…”
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