It’s Here: Social Security Is About to Collapse

Here’s What No One Else Will Tell You

Plus, How To Fix It

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Table of Contents

• Here’s What No One Else Will Tell You

• Plus, How To Fix It

• Rick Rule’s NEXT 1,000X Trade?

• Three Things To Know Before We Go…

I have to tell you three things most people don’t know about Social Security.

Don’t shoot the messenger. Everything in this Daily Journal is true. And I had nothing to do with it. So, if these things make you angry, then let’s fix these problems before it’s too late. What can you do? Post this analysis on social media. Send a copy to your Congressmen and your Senators. Demand accountability and action.

Here’s the bad news:

#1. Your contributions don’t belong to you. There is no actual account with your name on it. All of your “contributions” were merely taxes and you have no legal right to them, at all. A 1960 Supreme Court case (Flemming v. Nestor 1960) definitely ruled, as a matter of law, that Social Security “contributions” are merely taxes.

#2. Your “contributions” were never invested. The Social Security Administration (SSA) never invested any of the funds. Instead, all of the money went into the government’s general fund — and was spent. The SS Trust account at the Treasury was credited for these deposits with non-marketable Treasury securities. These are government IOUs, which pay the SS Trust account an interest rate based on the average yield and duration of all outstanding Treasury debt. What’s the problem? Well, our government is bankrupt – it owes $38 trillion and can’t possibly balance its budget or even afford a real rate of interest. As a result, the real return on these IOUs is negative. That’s been the case since 2010.

#3. Social Security will collapse by 2029 or 2030. The entire system is financed as a “pay-as-you-go” redistribution scheme, aka a Ponzi scheme. And like all Ponzi financial schemes, Social Security isn’t sustainable.