Less people paying into Social Security, but there is also a lot of people who are now using social security. If this doesn’t change the shortfall will be much greater.
In the end the government will have to raise taxes.
Archive for the ‘Politics’ Category
U.S. Social Security Is in Trouble
Monday, July 16th, 2012Spanish Anti-Austerity Protests Turn Violent
Thursday, July 12th, 2012
First the miners were protesting out in the country area of Spain, then they took the protest into the main city. When that happened everyone else (Spanish citizens) decided to join the protest in the city. Things are not looking good for Spain, it may be the next to collapse much like Greece.
Link to video: Spain anti-austerity protest turn violent
GoldSeek Radio’s Chris Waltzek interviews JIM ROGERS – July 4, 2012
Monday, July 9th, 2012
United States federal debt including off balance is closer to 200 Trillion. How the hell is the U.S going to pay that back. Zimbabwe the country and Weimar Republic Germany in the 1930’s didn’t have close to this amount of debt and they didn’t survive.
India is trying to curtail the import of gold. The Indian government thinks this will slow down gold purchases and this can result in gold taking a 30% drop or more.
Jim Rogers We Are Due for a Recession Video Fox Business
Wednesday, July 4th, 2012
Jim Rogers says every 4 years there is a recession. What makes 2013 any different and the anchor guy says we have never recovered from the 2008 crash.
Why Doesn’t The Stock Market Reflect The Imminent Global Depression?
Monday, July 2nd, 2012
The truth is that the world economy is balancing on a very fine line, kinda like the man that recently tight roped walked across Niagra Falls. The momentum and direction is total slowdown and the reality is that things are getting worse.
Time To Diversify Asset Portfolio: Marc Faber
Monday, July 2nd, 2012
Preservation of your capital is key in this unsure economic environment and re-balance and deversify your assets.
No Full QE3, Continuation of Operation Twist Says Fed
Saturday, June 23rd, 2012
So on Wednesday the Federal Reserve of the United States chairman Ben Bernake said that they will not do a full quantitative easing (extensive money printing or QE3), but instead continue short term treasuries purchases with “operation twist”.
The stock market reacted quite muted, then fell and on Friday bounced up a bit. The question is can the stock markets go higher from this level or can it maintain this level. In light of all the bad economic data out there and the fact that the summer months up to August and September are historically down months it would seem that the answer is a resounding “NO”.
Shorting NASDAQ Decline , AMD Puts and Silver Bull ETF – VBLOG5
Wednesday, June 20th, 2012
I am going to short the NASDAQ and at the same time PUT options on AMD for Jan.2014 with strike price of $4.00 and also long on silver with ETF.
The above trades would have to wait though if the Federal Reserve decides to print more money and lift the markets of course. If Ben Bernake does do that then the decline probably won’t happen until after new year (Feb. 2013).
Here’s What Happens If Greece Leaves the Euro
Friday, June 15th, 2012
If Greece leaves the Euro, there will be short-term pain, but over the long run the economy will turn around, just look at Iceland who told the bankers to shove it.
