American seniors have been worried about our nation’s ability to continue to pay out Social Security.
As one retirement-bound Los Angeles resident puts it, “The money that I put aside now, it’s not like that money is going to be waiting for me.”
Unfortunately, several leaked reports now confirm that these fears will become an ugly reality, very soon.
Doug Bandow, a former special assistant to President Ronald Reagan, and a senior fellow at the Cato Institute, warns that seniors must plan for “Social Security’s coming crash.”
And in an alarming article, U.S. News & World Report argues that payouts will inevitably end, and says you must learn how to “prepare for the end of Social Security” now.
How could this happen?
As you know, Social Security operates as a classic Ponzi scheme — new contributions are used to pay off earlier contributors.
The problem is twofold: Our government tapped into Social Security savings, and there are not enough new contributors to pay those who already funded the system.
And the problem is worse than any government agency wants to admit.
However, one famous economist, James Dale Davidson, boldly states…
“We could see the end of Social Security as soon as 2017,
and there is nothing President Obama, Congress or
any other government agency can do to stop it.”
Yes, Social Security as we know it could end in 2017.
Before you dismiss Davidson’s warning, know that he has a remarkable track record of calling nearly every major economic shift over the last three decades.
For example, Davidson predicted the stock market collapse of 1999 and 2007, along with the fall of the Soviet Union and Japan’s economic downfall, to name just a few.
And his predictions have been so accurate, he’s been invited to shake hands and counsel the likes of former presidents Ronald Reagan and Bill Clinton — and he’s had the good fortune to befriend and convene with George Bush Sr., Steve Forbes, Donald Trump, Margaret Thatcher, Sir Roger Douglas and even Boris Yeltsin.
So, how can Davidson be so sure that Social Security will end in 2017?
As Davidson explains in a newly released video, “Right now, there are five massive cracks in the American economy’s foundation that are converging for the first time in history. This is a landmark development that I am convinced will trigger the greatest depression we’ve ever seen. Yes, worse than the 1929 Great Depression.”
Editor’s Note: Click Here to See the 5 Economic Cracks That Are Converging for the First Time in History.
Davidson’s new video is causing a controversy, not just because of what he says, but because the evidence he provides is irrefutable (he uses over 20 unquestionable charts to prove his point).
“I know that everywhere you turn things look pretty good,” Davidson goes on to say, “The market is near all-time highs, the dollar is strong and real estate is booming again. But remember, the exact same scenario played out in 1999 and 2007. The economy is unraveling right now, and fast. Very fast.”
Davidson warns that a 50% stock market collapse is looming, that “real estate will plummet by 40%, savings accounts will lose 30% and unemployment will triple.”
And although our future may seem bleak, as Davidson says, “There is no need to fall victim to the future. If you are on the right side of what’s ahead, you can seize opportunities that come along once, maybe twice, in a lifetime.”
Indeed, in his video, Davidson reveals what he and his family are doing to prepare right now, and even profit. (It’s unconventional and even controversial, but proven to work.)