The U.S. Retirement Market is in BIG TROUBLE as annual benefits paid out are now larger than total contributions. Actually, the amount of net withdrawals were the highest in history. When payouts become larger than contributions... then we have the making of the typical PONZI SCHEME.
Americans who have invested their hard-earned money into a 401K, had no idea that it was the Greatest Ponzi Scheme in history. Unfortunately, when the markets crack, so will the value of the U.S. Retirement market. On the other hand, Americans who were wise enough to purchase physical precious metals will protect their wealth as the U.S. Paper Retirement Market collapses.
According to the most recent data by the ICI - Investment Company Institute, the U.S. Retirement Market ballooned to a new record high of $25.3 trillion at the end of 2016:
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That's all Socialist programs are, Ponzi schemes designed to funnel off money for big Government salaries that go to unproductive people that do not earn them. Fail.
ReplyDeleteNo asset class will do well if all the cards tumble because the value of the dollar will drop. Since we buy everything with dollars, that means everything will lose value. On top of that, the markups are so high with precious metals, it discounts any of its value. Seen it first hand.
ReplyDeleteState of MD is robbing their Employee Retirement Fund so does that mean MD State is running a Ponzi scam on their employees?
ReplyDelete