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Your US Social security retirement "invests" their money in US Tresury bonds. The US will default by 2030. Those treasury bonds turn into "IOUs" that can't be
by HashThis 7y ago
Your US Social security retirement "invests" their money in US Tresury bonds. The US will default by 2030. Those treasury bonds turn into "IOUs" that can't be paid back, ever (aka default). By 2030, people won't buy new treasuries as the last generation mature, so they will have to be paid back by money printing.
2030 is when US Social security retirement hits a big wall.