Simon Black: Many Local Retirees In Puerto Rico Will Get Pension Cuts As Part Of Debt Restructuring
Bondholders will take a huge cut of more than 60%. But, as part of the deal, many local retirees will see their pensions cut…
Continue readingSocial Security
Karl Denninger: Big Money Sees Economy Hitting The Wall
Why are big money managers and investors like Ray Dalio and Mark Mobius telling people to buy precious metals?
Continue readingCould Retiring Later Make You Live Longer?
If you ask most people when they’d like to retire, they’ll tell you ‘yesterday’…
Continue readingSOCIAL 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 reading2020 Election Candidates Offer New Government Ponzi Schemes
The Democrat debates have reminded Americans just how much of campaigning is promising something-for-next-to-nothing…
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 readingSURVEY: One In Four Seniors Wish They Had Taken This Basic Financial Advice Sooner In Life
It’s only natural that the majority of people find themselves wondering at some point in their lives, “Should I…
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 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 readingSocial Security Proposes “Immediate And Permanent Reduction” In Benefits
Simon Black says “these aren’t just random people…We’re talking about politicians at the highest levels of government who are telling us…”
Continue readingSimon Black: ATTN: Banks – Take 2008 Bailout and MULTIPLY BY 60
Very bad indeed. Here’s a breakdown to help you prepare
Continue readingJeff Berwick: Textbook Hyperinflation Coming to US- Unlike Anything the World Has Ever Seen
On this MUST WATCH interview of Sprott’s Ask the Expert, The Dollar Vigilante’s Jeff Berwick discusses Japan’s plans to double the Yen’s money supply in the next two years- a […]
Continue readingHow About Ending Social Security and Paying Retirees with Cash?
Would printing the cash to fund pensions for low-income retirees trigger inflation? It’s more of an open question than we might imagine at first glance. There is an alternative to […]
Continue readingThe Generational Injustice of Social (in)Security
Forcing young workers to pay into a Ponzi Scheme is generational injustice on a vast scale. Why should young workers pay into a retirement system that will give them nothing, […]
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