You Can Be A Victim, Or You Can Be A Victor

Porter's Journal Issue #103, Volume #2

Here’s How To Cash In As Rome Burns

This is Porter’s Daily Journal, a free e-letter from Porter & Co. that provides unfiltered insights on markets, the economy, and life to help readers become better investors. It includes weekday editions and two weekend editions… and is free to all subscribers.

UFC fights at the White House… Government’s inflation measure versus real prices… Housing is cheaper, not more expensive… Debts are coming due… Prepare and you’ll get rich… The trade deficit has increased… Porter & Co’s Annual Conference… 

Table of Contents

On Friday, I explained why the government’s consumer price index (“CPI”) figures are lies. 

Today, I’m going to show you how they’re defrauding all of us. 

It’s not hard to figure out. Just put yourself in their shoes. How would you defraud your creditors, if you had a printing press? 

That’s right, you’d print whatever it takes to keep the charade going. You’d also do anything to control the media narrative away from these unpleasant facts… like say… hosting UFC fights on the White House lawn.

In Rome, it was bread and circuses. Today it’s welfare and UFC fights. Human nature doesn’t change. 

Inflation has always been the bridge between what the politicians promise (everything) and what they can actually provide (nothing). 

But there’s a problem. America’s politicians told the taxpayers that most of their taxes were “contributions.” They said these “contributions” would be invested by the Social Security Administration and used to pay out benefits to retirees. 

That was all a lie, but to make it seem real, in 1975 the government promised to index these benefits to inflation. In fact, these cost-of-living-adjustments (“COLAs”) are mandated by law to happen automatically, every year. 

The government owes Social Security more than $100 trillion. Even small amounts of inflation would create vastly more debt. But, as I showed you last week, we know that the actual value of the average Social Security monthly benefit has fallen by more than 50% since 1975. 

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