Feb 6, 2010

Retirement Armageddon

I have just posted a video of my 90-minute seminar: "Retirement Armageddon." It presents the background for a series of nasty surprises. For those of you who don't have time to watch a 90-minute video, let me summarize its implications. The U.S. government has a nasty surprise for tens of millions of retirees: a now-empty piggy bank. Two of them, actually: Social Security and Medicare. Congress will soon have a nasty surprise for voters: a larger deficit than announced to fill these now-empty piggy banks. The Federal Reserve System will also have a nasty surprise for investors: newly created digital money to fill up the empty piggy banks when the Treasury cannot sell any more debt at low interest rates...READ MORE