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.
Retirement Armageddon
Posted by StingingNettle 173 days ago (http://www.marketoracle.co.uk)
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