Retirement Lifestyle Advocates
It’s astonishing how few people want to acknowledge the reality. Social Security will run out of money.
By the end of the current fiscal year in September, interest expense will be $1.6 trillion, up from $1.1 trillion in February of this year.
If there is too much debt to be paid, it will not all be paid.
Our war against inflation is a loss, and our debts have increased.
In response to these inflationary pressures, consumers and central banks are investing in gold.
The personal savings rate is near an all-time low, while credit card debt is at an all-time high.
The current boom cycle has come about as a result of the most extreme credit expansion in our country’s history.
Short of allowing a deflationary collapse sometime relatively soon, the only other option is more currency creation, which will work until it doesn’t.
While price controls won’t work, don’t be surprised if these initiatives get some traction, given that on Main Street, Americans are really feeling inflation.
Senator Bernie Sanders brings to light an important study regarding the financial health of retirees in America.