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LBRY Claims • insolvency,-social-security-will-it-go

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8 Jun 2021 17:59:33 UTC
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Insolvency, Social Security Will it Go Bankrupt? Just A Ponzi Scheme?
What Would A Ponzi Social Security Scheme Look Like?

The main contributing factors that have built the retirement plan time bomb that we face today are the aging population, market financialization Wall Street is more important than Main Street and years of financial repression(inflation out paces taxes, income and appreciation. This study will look at why these plans are breaking down now.

While I liken these plans to a Ponzi scheme, they may not have started out that way, however these plans certainly seem to mimic that form and function now. I say that because every Ponzi scheme counts on three important things, the most important is confidence, secondly, that there are an ever greater number of new entrants to support the scheme and thirdly, that participants do not ask for too much money back. Today, all of these important elements are breaking down.

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The other thing that you need for any ponzi scheme is you have to keep expanding expanding your base bringing in new entrance but we have a problem because the worker pool is shrinking so there are fewer no babies being born and that is a trend that is well intact you might recall that recently China who had had a one baby policy for 30 years try to change that policy because of part of what we're going to talk today the aging of of actually the world.

Baby boomers and they've been unsuccessful added because they train for 30 years people to have one baby so this trend is well intact at the same time that people are living longer longer you live the more you pull out of the system the fewer people to contribute into the system and in fact this is an age pyramid and for the first time in history we have instead of being a pyramid where you have all of these workers and then some to support this the aging group it has now turned into our rectangle this 2015 from a Pew study.

So we're in a pretty precarious position and I'm going to show it to you a little bit different so that you can see what I'm talkin
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