$7 Trillion Of Unfunded Pensions

by Jim Quinn

This will surely end well

Social Security has 10 years left under ideal circumstances. Any boomer without useful, productive children will soon be in real danger of starvation.

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The Western pension system was a ponzi scheme from day one. Social Security is a generational wealth transfer, basically old people welfare. Anyone who relies on a socialist government program will eventually experience the Venezuela effect. We’ve just come full circle.

 

 

 

MF

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