On 14 August 1941 President Franklin D. Roosevelt signed the
Social Security Act, creating one of the world's largest Ponzi
schemes. By denying low income Americans the use of their money to
invest for retirement, they are forced to rely on Social Security.
Demographics of the US population are exactly contrary of what the
Ponzi needs to work, namely, shrinking younger population against a
growing older population. A couple of years ago the Ponzi began
paying out more than it took in.
Bitter disappointment lies ahead for
the nation's poor, many of whom have no other source of support. In
some parts of the South, a third of the people over 65 have no other
support than Social Security.
With THIS system the government
replaced the former old age support system: children & families.
Not an improvement so far.
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