
steph pomboy
@spomboy
4th quarter market meltdown was enough to increase the total pension funding deficit by $700 BILLION can you imagine what a real market downturn would do??
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10:42 AM - Mar 7, 2019
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Social Security has 10 years left under ideal circumstances. Any boomer without useful, productive children will soon be in real danger of starvation.
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.
http://www.investmentwatchblog.com/7-trillion-of-unfunded-pensions/

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.