It is a given that only those seeking a political or financial agenda can put trust in government inflated economic numbers put out by Washington each week or month. And while there are a few agencies like the Congressional Budget Office (CBO) or Government Accountability Office (GAO) that are better than most for publishing correct or near correct statistics, most often you will find real problems masked or hidden to keep the public's awareness of just how bad a financial sector within government is to protect politicians from the ire of their constituents.
But in a new report provided by the Social Security Board of Trustees on Sept. 2, the disability portion of the Social Security trust fund will be out of money as early as next year, with receipts unable to keep up with mandated payments for those on the public dole.
The 2015 annual report from the Social Security Board of Trustees shows that the program’s disability component is in immediate trouble. Data from the latest report show that the disability fund will be depleted as soon as next year and unable to pay full benefits to beneficiaries.
This week’s first chart uses that data to show total income, expenditures, and assets in the Social Security Disability Insurance (DI) trust fund going back to 1980. The chart shows that the trust fund has been operating under deficits since 2009, as shown by the decline in the trust fund (green bars) and ever-growing gap between the payments (red line) and receipts (blue line).
Those deficits have been financed by redeeming nonmarketable government securities that were accumulated over the years when the program was bringing in more revenue than was being paid out. The government spent the surpluses on other government programs and credited the fund with the securities. But because the securities are nonmarketable, the government had to use general federal revenues to “redeem” them once the DI fund started to run deficits in order to cover the difference. With the illusion of the DI trust fund about to disappear, policymakers have no choice but to finally confront the financial imbalance that actually began years ago. - Mercatus
The consequences of using debt to deal with a social contract that governments have with the people will always result in a point where there is no longer enough money to provide for promises made, and inevitably it is the people, not the politicians, who will suffer from the austerity cuts that come after.
And yet before the 1960's, the Great Society, and the emergence of a welfare state that consumes over $1 trillion per year of both taxpayer and borrowed funds, people relied upon their own retirement planning and the concept of family to both protect one's wealth, and be assured of a future outside of their working years. And with so many alternative (and quite often rejected) economists and financiers telling Americans to find ways outside the system to grow your retirement and wealth protection, it is now almost too late to suddenly shift gears from a government reliant benefit system to one where you control your own future, and are protected from whatever may come.
But there is a solution, and a way to not only protect your wealth now, but grow it to where you can get sustainable income no matter what age, and in the most reliable form of money in history.
That solution lies in Karatbars
Buying gold through Karatbars is one of the easiest things on the net. In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.
And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system. From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.
Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet. And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.
But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate. Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.
Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.
How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money? And there is never a mandatory requirement to buy beyond what you desire, on your own schedule. And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.
The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold. And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?
To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.