$7 Trillion Of Unfunded Pensions

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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.

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MF

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