Ten years.
That’s all that’s left.
In just 10 years, Social Security will be insolvent.
How do I know?
Because last week, we got access to the data that clearly shows that the dual threat of inflation and a dismal economic outlook in the coming years is expediting the destruction of Social Security.
And by the way, this latest data isn't from a partisan-driven think tank or mainstream media rhetoric factory.
It's from the actual trustees of Social Security!
These are the very folks who absolutely don’t want you to know how screwed you are if you’re relying on Social Security to meet any of your retirement needs.
Yes, it’s that bad.
Check out this “message to the public” they recently published on their website:
And here are some highlights worth noting:
- The Hospital Insurance (HI) Trust Fund will be able to pay 100% of total scheduled benefits until 2031, at which point the fund's reserves will become depleted.
- The Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100% of total scheduled benefits until 2033, at which point the fund's reserves will become depleted.
- The Disability Insurance (DI) Trust Fund is projected to be able to pay 100% of total scheduled benefits through at least 2097.
- If the OASI Trust Fund and the DI Trust Fund projections are added together, the resulting projected fund (designated OASDI) would be able to pay 100% of total scheduled benefits until 2034, one year earlier than reported last year. At that time, the projected fund's reserves will become depleted.
Think about all the hard-earned cash you’ve shelled out over the years because, by law, you had to contribute to what we all knew was a Ponzi scheme.
I don’t know about you, but this is beyond infuriating…
Especially when you consider how much better off you’d be right now if all the money you put into Social Security could’ve been invested by you instead of a bunch of bureaucrats who will never have to face an ounce of consequences. They won’t even lose their jobs.
Fortunately, as a member of Energy and Capital, you have access to dozens of investment opportunities that are far safer and far more lucrative than anything Social Security could ever deliver.
Our analysts have traveled the world over, dedicated to finding the best and most profitable investments in the global energy markets. All you have to do to join our Energy and Capital investment community is sign up for the daily newsletter below.The Best Free Investment You’ll Ever Make
As you know, gold typically serves as an excellent hedge against inflation.
In fact, this week, after a surprise output cut by OPEC that triggered more fears about inflation, gold soared past $2,000. And this was on top of a steady increase in gold prices over the past five months.
Check it out…
In the past five months, gold has rallied more than 22%.
But here’s the interesting thing…
While gold rallied 22%, savvy investors had the opportunity to pull in gains in excess of 44% by utilizing what’s known as “gold’s doubling effect.” This is a rare and relatively unknown phenomenon in the gold market that allows you to essentially earn double your gains from gold.
So every time gold prices gain just 1%, you make 2%.
If gold gains 25%, you gain 50%.
And if gold prices surge 100%, as many experts now believe will happen this year, you make 200%.
I’ll be honest — I’m not a gold expert. However, my good friend and colleague Christian DeHaemer is. And thanks to this detailed investor report, you can see exactly how “gold’s doubling effect” works and, more importantly, how to get some of this gain-doubling action for yourself.
No matter how you slice it, the Social Security Ponzi scheme is coming to an end. A lot of people are going to have their lives turned upside down, and those who haven’t yet retired will probably be unable to — because those retirement checks they were promised from the government aren’t going to come.
But if you start using “gold’s doubling effect” today, none of that will matter.
Here’s how you can get started.To a new way of life and a new generation of wealth… Jeff Siegel
@JeffSiegel on Twitter
Check us out on YouTube!Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
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