Is Social Security Website Telling You the Whole Truth?

Bottom-line up-front: The government’s only capital asset is you. The solution [in practice] to trust fund solvency means more taxes, a reduced standard of living, or both. Debt-based Ponzi schemes never end well.

There is a page on the Social Security website entitled Trust Fund FAQ. I highly recommend reading this page firsthand. For brevity, I’ll share a few sections for the purpose of this discussion.

  • What are the social security trust funds? The Social Security Trust Funds are the Old-Age and Survivors Insurance (OASI) and the Disability […]
2018-09-26T05:01:35+00:00September 21, 2018|

Germany Wants Replacement SWIFT System

Bottom-line up-front: In the absence of credible economic arguments, Germany’s foreign minister, Heiko Maas, is making political threats disguised as economic arguments. Assuming US market access remains important to EU companies, business will continue to trump political arguments in the foreseeable future.

Reuters, Financial Times, ZeroHedge and others reported that Germany is calling for a global payment system independent of the US.

An Alternative SWIFT System?

Germany’s foreign minister, Heiko Maas, recently advocated for the creation of a new payments system independent of the US. He believes a new SWIFT-like […]

2018-09-25T00:50:07+00:00August 31, 2018|
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