The interest bearing IOU’s that you are referring to are “Special Issue Treasury Bonds”. They are “Special” because these bonds will be paid first. Before any other debt is paid. Treasury bonds are considered the safest investment available. That’s why the Social Security Trust Fund invests in U.S. treasury bonds. Treasuries are held in central bank reserves all over the world.
Don’t worry about the money for Social Security. The Federal Reserve can and will print an infinite amount of money to pay Social Security benefits. The uncertainty is; will there be enough goods and services to buy with those benefits?
If we operated like that, we’d be bankrupt and in jail for embezzlement. I hear Elon Musk is checking out Fort Knox to make sure there’s gold in the vaults. I hear it may have vanished.
They have stolen everything else so why not the gold. Remember menendez and the gold bars? I bet they all have their stash. They know they are destroying the dollar. Look at the price of groceries. P.S. I love you.
Senator Robert Menendez was found guilty of accepting bribes, including gold bars, in exchange for using his political influence to benefit foreign governments. The gold bars, valued at over $100,000, were discovered during an FBI search of his home.
I'm not so sure is so empty. Why? Because magically funds appeared to transfer its administration to Wall Street.
Having said that, the Fund was reclassified by Congress so they could raid it by treating it as any other account. That must be corrected plus, every single f**king clawback, must be deposited there and the cap to its contribution eliminated. Do NOT give SocSec to Wall Street — ever.
My 401k was already withdrawn and taxed. It was a bitch but we are okay for now. I was able to take it out early as I worked for and retired from MWD a quasi government agency that allowed early retirement at age 55.
That's why we retired at 62.
Same!
Smart move
The interest bearing IOU’s that you are referring to are “Special Issue Treasury Bonds”. They are “Special” because these bonds will be paid first. Before any other debt is paid. Treasury bonds are considered the safest investment available. That’s why the Social Security Trust Fund invests in U.S. treasury bonds. Treasuries are held in central bank reserves all over the world.
Don’t worry about the money for Social Security. The Federal Reserve can and will print an infinite amount of money to pay Social Security benefits. The uncertainty is; will there be enough goods and services to buy with those benefits?
Greenspan himself said so. It doesn’t matter if you get a check if the whole thing won’t buy a loaf of bread.
I remember that well
If we operated like that, we’d be bankrupt and in jail for embezzlement. I hear Elon Musk is checking out Fort Knox to make sure there’s gold in the vaults. I hear it may have vanished.
They have stolen everything else so why not the gold. Remember menendez and the gold bars? I bet they all have their stash. They know they are destroying the dollar. Look at the price of groceries. P.S. I love you.
Senator Robert Menendez was found guilty of accepting bribes, including gold bars, in exchange for using his political influence to benefit foreign governments. The gold bars, valued at over $100,000, were discovered during an FBI search of his home.
Correction: Successfully
🤣🤣🤣 thankfully, I took care of my retirement from day 1; successfly I might add.
I'm not so sure is so empty. Why? Because magically funds appeared to transfer its administration to Wall Street.
Having said that, the Fund was reclassified by Congress so they could raid it by treating it as any other account. That must be corrected plus, every single f**king clawback, must be deposited there and the cap to its contribution eliminated. Do NOT give SocSec to Wall Street — ever.
They will convert your 401k to government bonds to protect you
My 401k was already withdrawn and taxed. It was a bitch but we are okay for now. I was able to take it out early as I worked for and retired from MWD a quasi government agency that allowed early retirement at age 55.