The first baby boomer officially retired earlier this year.
This means that there will be a larger number of boomers entering retirement in the upcoming couple of years.
With all these new retirees, the number of people that will be dependent on Medicare and social security is bound to balloon.
The money owed to these senior citizens will be added to the United States debt because the government had been raiding the social security trust fund to balance the budget during the Clinton years and to lessen the illusion that we are shrouded in so much debt during the Bush years.
The truth is that these promises to pay the senior citizens will make the national debt to something out of this world.
If that occurs, then the dollar will fall and crash.
This is not to be said to blame senior citizens for any problems we will face in the future.
It will only make the rate at which the US dollar declines to speed up.
The dollar has been falling and has been the reason a barrel of oil is now over $130 a barrel when just a year ago it was half of that at $65.
Gold and other precious metals is expected to be the best investment.
Precious metals is considered a store of value and is the most secure form of money on the planet because fiat currencies can be devalued by any government that prints the money.
The United States dollar used to be backed by gold and silver, according to the Constitution should still be.
This means that there will be a larger number of boomers entering retirement in the upcoming couple of years.
With all these new retirees, the number of people that will be dependent on Medicare and social security is bound to balloon.
The money owed to these senior citizens will be added to the United States debt because the government had been raiding the social security trust fund to balance the budget during the Clinton years and to lessen the illusion that we are shrouded in so much debt during the Bush years.
The truth is that these promises to pay the senior citizens will make the national debt to something out of this world.
If that occurs, then the dollar will fall and crash.
This is not to be said to blame senior citizens for any problems we will face in the future.
It will only make the rate at which the US dollar declines to speed up.
The dollar has been falling and has been the reason a barrel of oil is now over $130 a barrel when just a year ago it was half of that at $65.
Gold and other precious metals is expected to be the best investment.
Precious metals is considered a store of value and is the most secure form of money on the planet because fiat currencies can be devalued by any government that prints the money.
The United States dollar used to be backed by gold and silver, according to the Constitution should still be.
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