Economic pressures

[Danny B]

Cost of sugar,,, health,,, entitlements

Sugar consumption; http://onlinestatbook.com/lms/case_s...hics/sugar.jpg
Diabetes;' http://media.tumblr.com/tumblr_lx2slx3s6l1qz6i3f.gif
Obesity; http://az616578.vo.msecnd.net/files/...5721_obese.gif
Life expectancy vs healthcare costs over time; http://www.zerohedge.com/sites/defau..._Collapse1.png
2 Charts Show How Close The U.S. Is To Healthcare Collapse | Zero Hedge

Much of the high cost of medical care is because the industry has been "financialized". You can thank the banks for that

There are a lot of claims about the cost of assistance for the poor;
"And so based on this, whites only consumed $4,022.13 billion in government, but paid $4,529.52 billion in taxes "
"That said, the ultimate takeaway is that US budget deficits are entirely a function of non-whites. And that is NOT hypothetical, even after assigning 100% of the military budget to whites."

http://www.truthjustice.net/politics/the-us-would-be-running-budget-surpluses-if-it-were-all-white/

Much of our bad health is self-inflicted. The southern States seem to be the fatest, http://www.obesitysurgerycenter.org/images/map.jpg

http://stateofobesity.org/disparities/images/black-obesity-men-women.png

Entitlements seem to just keep growing, http://www.americanthinker.com/artic...titlement.html

[Danny B]

investment overshoot

The FED tries to stop corrections in the markets. Everybody takes this as a "no lose" ticket to invest without worry. By trying to inspire confidence, the FED has managed to create runaway over-confidence. Stocks are bought by paying a "down payment" and the rest is conjured up. The difference is referred to as "margin debt". The FED pumped in many trillion dollars into markets and irrational exuberance took over from there. Margin debt is north of $500 billion.
The FED has primed the pump and irrational exuberance has taken over.

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/04/06/20170404_FEDSPX_0.jpg

BUT, debt creation has gone parabolic so, it is doubtful that it can all go on.
The New Scariest Chart In The World (For US Stock Investors) | Zero Hedge

The notional value of the interest rate swaps are about $ 400 trillion. These swaps are coming under strain as interest rates rise. "The Interest Rate Swap Derivatives Market is Coming Under Strain As Foreign T-Bond Dumping Has Begun:"
Has the END GAME Begun? | Jim Willie | Silver Doctors

We have the biggest stock bubble in history so, we should have the biggest correction in history.
The Biggest Stock Bubble In U.S. History | Investment Research Dynamics
The bankers will probably get out in time and leave the pension funds to take all the losses. Just the same, here is my advice to the bankers, https://www.youtube.com/watch?v=yge311sFhC8

[Danny B]

Notes on the EU

The technocrats envisioned the European Union as a techno-fascist bundling of European States MINUS any democratic control.
Beyond a Failing European Super State : Waking Times

It is hard to understand how a techno-fascist rule could be overlaid on an emerging socialist conglomeration. The techno-fascists were warned personally by Martin Armstrong that no currency union had ever survived if it didn't also have a debt union. They figured that they would just work it out later. Using wishful thinking for long range planning is unlikely to be successful. Ignoring human nature is a guaranteed recipe for disaster.
Locking the various tribes of Europe into a common currency was predestined to fail.

The eurocrats locked the various States into mandatory limits for debt. When there was no possible way to meet these limits, the ECB just got an IOU from them.



So, the weaker States are about a trillion in the hole. Strangely enough, Germany seems to have an extra trillion.

There is a further problem. Brussels has spending commitments over and above the official budget, which at the end of 2016 stood at a massive DO NOT FORGET THOSE GOLD-PLATED PENSIONS.





The greatest threat to someone in a debt trap is to have the interest cost rise. And not only does the cost of financing and refinancing maturing debt threaten to rise exponentially, but the debtor is increasingly forced into short-term funding. For this reason, rising interest rates are the beginning of the end for countries like Greece and Italy.
As with all bad ideas, the EU and its currency will find monetary or systemic collapse is the final consequence of all constructions founded on fallacious expediency.

https://wealth.goldmoney.com/research/goldmoney-insights/the-decline-and-fall-of-the-eu?gmrefcode=dollarc

[Danny B]

Not to worry, the economy is expanding



Obummer ran the debt clock up to $20 trillion. It turns out, he was tight

http://themacrotourist.com/images/2017/04/CreditApr0617.png

"See the slight leveling off in 2007? That is the horrific debt de-leveraging that caused the greatest financial crisis since the Great Depression."

http://themacrotourist.com/images/2017/04/FREDApr0617.png

That would be gold.
" It is only a matter of time before they are simply dropping cash right into individuals bank accounts.

I wish I could take credit for this, but it was Bill Fleckenstein who said it first. They will keep printing until the bond market takes the keys away."
The FED is now buying the bonds.Economic growth is not going to pick up without higher wages and more workers.
"Eventually we will hit a point where governments will be unable to raise rates because it would crush their balance sheet, yet inflation will dictate rates be higher. This will be checkmate. Governments will have no moves. Inflation will soar,"
THE END GAME | THE MACROTOURIST

Debt growth is now parabolic. Wages are stagnant. The Central banks are on a death march. They are deathly afraid of deflation. Their only viable? tool is inflation. They are NOT able to inflate wages. So every move they make raises prices for the wage earner. They can only cause growth by funding liar-loans on grossly overpriced houses and cars and stocks. The very act of funding these things causes the prices to rise.
As price inflation rises, the bond vigilantes demand higher interest rates. The FED must continue to buy the bonds that the investors shun. Since "all"
interest rates are tied to the 10-year note, the FED has locked most of the economy into ZIRP.
With ZIRP, all the funds die. Without ZIRP, GOV and the corporate sector die.
Simply inflating the money supply isn't going to fix the problems.

"See the slight leveling off in 2007? That is the horrific debt de-leveraging that caused the greatest financial crisis since the Great Depression."
That brings us to Donald Trump. The inception of the welfare-warfare State in the mid 60s blew out the system. By 1971, the gold standard had to be abandoned. We've spent $25 trillion since the 60s to end poverty.
Trump has inherited the flawed system that requires a huge growth in debt just to stay in one place.
Nixon should have revalues gold / devalued the dollar. He didn't and now we are coming to the reset. Big, Bad, Bald Ben Bernanke came out and said that the FED caused the great depression I. The FED tightened and brought everything down. You can see the same effect from austerity in Greece. Bernanke said that he could avoid another depression by inflating instead of tightening. Ben feces-for-brains inflated the upper loop and the lower loop was left to twist in the wind. Same in Japan.
The CB must rely on "trickle down" to inflate the wage-earner loop. That didn't work so now, The CBs are out of tools.

Trump can't dismantle the 50 year old system without introducing debt-free money. "They" aren't about to let that happen.
"What you will learn is that neoliberal economics is an apology for the rentier class and the large banks that have succeeded in financializing the economy, shifting consumer spending power from the purchase of goods and services that drive the real economy to the payment of interest and fees to banks. "

The World’s Best Economist - PaulCraigRoberts.org

[Danny B]

BLICS and Other

The small deleveraging in 2008 and the small reduction in GOV spending after 2013 caused coronary arrest of the whole system. Bank money is created by lending and nobody could borrow. The FED desperately needed to inject money into the system worldwide. All that dollar-denominated debt in Europe and the emerging markets was going to blow up the whole system. The FED coughed up a total of liquidity in various forms to the tune of $27 trillion to keep the system from melting down.
This $27 trillion was essentially debt-free money. Much of TARP was not paid back because that would defeat the entire purpose of re-flating the system.

BUT, the FED needed to appear to maintain the confidence of the bond buyers. Every bout of QE lowered this confidence. Also, QE did NOT fix the economy. It is / was the equivalent of a heart-lung machine. Eventually, VISIBLE QE had to come to an end.

"From 2008-->2014, the US Treasury nearly issued as much debt as it had in the previous 230+ years. From 1776 through 2007, the US issued just over $9 trillion in US Treasury debt to pay for stuff which "we" wanted but "we" were unwilling to tax ourselves to pay for." "QE ended in late 2014"
Just when QE ended, the BLICS came to the rescue. (Belgium, Luxembourg, Ireland, Cayman Island, and Switzerland) Keep in mind that Belgium didn't even have any dollars to buy treasury debt.
"As an aside, from 2000 through July 2011, China recycled about 50% of it's dollar trade surplus into Treasury's...from July 2011 onward, China only continues to sell Treasury's despite record trade surplus (seems those record surplus' of dollars in China, Russia, and elsewhere are being recycled into something else, something a little more solid and time tested)...but luckily the BLICS stepped up just as China and the BRICS bowed out."

" Interestingly, the "other" category has nearly doubled since September of 2014 from less than a trillion to $1.8 trillion. So the Treasury market is supported by "other investors" which unfortunately the Treasury Bulletin provides no more detail about "
"As China and the BRICS ceased net buying Treasury debt in July 2011 (and never returned), the BLICS appeared and rates went down "

https://econimica.blogspot.com/2017/04/if-fed-sells-treasuryswho-will-be-buying.html

SO, QE never ended. It just put on a false moustache and continued to pass out money to almost everybody. If they passed out money to the wage-earners who actually do productive work, we would all take an extended vacation. Trickle-down just isn't working in the face of a global-mean-wage. Aggregate wages / earnings of the lower loop are not adequate to support the upper loop. As our purchasing power continues to fall, the printing presses must run ever-faster.
Even with free money, the banks still have problems. Because of free money, the banks have increasing problems; Fed President Admits US Banks Have Only "Half The Equity They Need" | Zero Hedge

[Danny B]

Killary Klinton, "he'll put us all in prison."
HUD Secretary, Ben Carson, "There is $ 520 billion missing"

https://investmentwatchblog.com/ben-carson-just-uncovered-500-billion-in-fraudmismanagement-in-hud-us-housing-urban-development-department-done-by-julian-castro-and-other-obama-minions/

[Danny B]

Notes on decashing

These are excerpts from an IMF paper on decashing the economy.

"A study of payment habits in Australia, Austria, Canada, France, Germany, the
Netherlands, and the United States has shown that in terms of the number of transactions, currency accounts for more than half everywhere, except the United States. Since the introduction of the Euro, cash in circulation has more than quadrupled in the Eurozone."Somebody doesn't trust somebody.It has NEVER worked out this way.

"Even a small negative interest rate would likely result in a sudden jump
in demand for cash, both during and after the period of negative interest rates. The supply of cash would increase to meet this demand. In this scenario, negative interest rate policies might be feasible only if cash and prepaid debit cards were eliminated,"
"Also, with negative interest rates, agents could move into other assets for storing value if domestic interest rates are largely negative" Like Applepay or a dozen other options.
"After de-cashing, the banking system laden with fresh deposits would be able to boost lending." Banks don't lend their deposits. They speculate with them. They create lent funds out of thin air.

https://armstrongmedia.s3.amazonaws.com/wp-content/uploads/2017/04/IMF-De-Cashing-Paper.pdf

This is what Armstrong has to say about the whole affair;
"While governments are pressing this using terrorism as the excuse, you do not eliminate the entire monetary system of the world to even catch 100 terrorists and their camels. This is all about the collapse in socialism and the desperate need to raise money."

[Danny B]

Globalism and wealth transfer go together

The world is holding it's breath waiting for a reaction from Russia. Russia is the world's largest oil producer. They only have the GDP of Italy but, they have no debt. They are self-sufficient in food production. While we build ships that don't run and planes that don't fly, Russia has built up very impressive weapons. We produce cost-over-runs and they produce unstoppable jamming systems.

"Kocic said that having been repeatedly ignored for years as central banks took the reins in hopes of fixing the global economy, only to leave a world that is vastly better for the 1% and starkly worse for everyone else"
"angry middle-classes of the developed world will confuse the great wealth transfer inspired by central banks as the "globalism" to which they are responding"
It is doubtful that we can have globalism without the wealth transfer.
"in which case a critical question is required: if, as Kocic implies, the political process itself is broken, and as anger and resentment continues to pile up after the recent "populist" disappointments, just how will the massed millions express their frustrations and anger with a system which is more broken - both politically and economically - by the day?
Unfortunately, the all too obvious answer is most likely the correct one. "

The article touts creative destruction. Maybe that is why we don't have any bullet trains.
From "Dissensus" To "Democrazy": A Warning From Deutsche Bank | Zero Hedge

Korea is at it again; http://static.fjcdn.com/pictures/Nor...3e_3630311.jpg

[Danny B]

https://www.armstrongeconomics.com/international-news/politics/did-trump-surrender-to-deep-state-or-is-this-a-civil-war/

"This raises the question: Will the intelligence community protect the country or sabotage Trump to save their own budgets?"
They can NOT save their budgets if Trump is blocked at every turn. Nobody will be saved.

Getting back to the tax cuts. The tax cuts just aren't going to happen. Paralysis in D.C. is one thing. Outright revolt is completely different.
Trump Scraps "Phenomenal" Tax Plan, Goes Back To Drawing Board | Zero Hedge
Imagine the swamp, https://uploads.disquscdn.com/images...pg?w=800&h=475

The pensions seem to be $ 5.2 trillion short, Pensions Crisis Is Unavoidable and Here | Zero Hedge

NEXT

Lies from Bloomberg, "Foreigners currently own 43 percent of the $13.9 trillion Treasury market." Yeah right, The BLICS bought it all up when China, et al ran away from the market.

Just ignore it and it will go away.
EVERYBODY is going to block EVERYTHING that Trump tries to do. This will ensure that all remedies needed for, the debt ceiling, Budget, Health care, tax reform, etcIgnore any ideas that don't agree with what you already believe.Normal.No matter how poor Greece was, they had to spend tons of money on armaments.

https://hat4uk.wordpress.com/2017/04/07/getting-real-the-raging-fire-in-the-hold-of-ss-eutanic/

NOBODY is taking this seriously enough. Everybody wants to protect their niche, their scam, their sinecure, their budget, their pension. The final result will be, nothing is protected.

[Danny B]

The whole thing is crashing so... the politicians are going on vacation

Most of the last post is about politics rather than about economics. Since we are surrounded by crony capitalism and controlled by egomaniac criminals, politics is what to watch to see the next step. I'll start with the lies so you can understand what so many people in power believe.
"A deep recession might explain an extinction-level event for large retailers. But GDP has been growing for eight straight years, gas prices are low, unemployment is under 5 percent, and the last 18 months have been quietly excellent years for wage growth, particularly for middle- and lower-income Americans."

https://www.theatlantic.com/business/archive/2017/04/retail-meltdown-of-2017/522384/

The Brewing Storm That Is Coming? | Gold Eagle

"Having been found guilty, they presently owe $7.2 billion to the US Department of Justice and are now facing an additional $10 billion litigation bill. Unfortunately, the bank is already broke and, should Deutsche BankSo Many Triggers | International Man

https://www.armstrongeconomics.com/world-news/taxes/tax-authorities-still-hunting-for-more/

The failure of expanding socialism has the States shaking down the banks.
" In the end, it will matter little which trigger it will be, as, like a string of firecrackers, when one explodes, a chain reaction is set off. Therefore, anyone who is dependent in a significant way upon the government, financial institutions, and/or markets of any of the major Western powers " (will be screwed) Firecrackers is more appropriate than dominoes.

OK, so FED GOV runs out of money at the beginning of summer. DO NOT WORRY. They are hard at work to come up with a compromise and a solution.
Congress Heads Out For Vacation As Government Shutdown Looms | Zero Hedge

Elected politicians ( and dictators) pass out jobs to their cronies. In the case of Trump, that would be smart billionaires. Obummer followed the normal Marxist plan and appointed starry-eyed idiots (like Goolsby and Jarret) to his cabinet.

https://www.bloomberg.com/news/articles/2017-04-06/homeless-gasoline-tankers-are-drifting-around-the-caribbean

Armstrong, the majority are always wrong, https://www.armstrongeconomics.com/w...-always-wrong/

[Danny B]

China shadow banking,,,, opiate addiction

In China, the shadow banking system just keeps creating bigger mountains of new debt. GOV has threatened to let them fail when they have problems. GOV is trying to rein in credit creation. The shadow banks are playing a game of "chicken" with the investors and GOV.
How China Is Keeping Its Financial System From Collapsing, In One Chart | Zero Hedge
Apparently, nobody wants to face the music. What happens when the debt becomes to big,,, too unstable?
Debt as % underlying GDP
138%
165%
244%
385%
513%
So, Debt as % underlying GDP will hit 513% of underlying GDP by 2020. That isn't so very far away. https://surplusenergyeconomics.files...-2-19-3171.pdf

"The United Nations Food and Agriculture Organization estimates that about 795 million people of the 7.3 billion people in the world, or one in nine, were suffering from chronic undernourishment in 2014-2016."
There is plenty of food. They just don't have any money.
The farmers are losing money producing more food than people can afford.
Grains piled on runways, parking lots, fields amid global glut | Reuters

https://www.firstthings.com/article/2017/04/american-carnage

Like Sears, they announced this when everybody already knew.


We reached peak-wages and complete debt saturation. What did they think would come next?

Don't worry,,,, just keep raising taxes.

[Danny B]

Free money fighting off delinquincies and defaults

In spite of the claims that the BLICS are buying treasury debt, the FED is buying all of it. Same for the stock market.
"The Federal Reserve alone has injected $3.9 trillion dollars via three rounds of asset buying." "Central banks have pumped $9 trillion into the global economy"
Sep 8, 2016, I'm sure that much more has been pumped in during the following 6 months.
The upper loop had / has no respect for the wage earner.
What Is America Going To Look Like When Stocks, Home Prices And Even Used Cars All Crash By At Least 50 Percent?
The upper loop just prints more free money. The lower loop defaults. At what point will the problems of the lower loop overwhelm the financial system?

Here are 4 excellent graphs that show our progress towards insolvency, "You Are Here" | Zero Hedge
Like Chicago, New York is growing more and more socialist. Like Chicago, people are moving out.



Imagine that !! People in the lower loop can actually run out of money.

Here is a good article on the deep-state and the long game. It covers a lot and is well worth reading.
Of Two Minds - Who's Playing The Long Game--and What's Their Game Plan?
"China's GDP up 3-fold since 2006, but debt is up 6-fold--and still ramping up fast. "

" Take a moment to consider the Neocon camp's over-reaction to the inchoate challenge to its dominance posed by the Trump administration. What does their frantic over-reaction and full-court press by the media signal about their grasp on history and power?

What it signals to me is 1) they know they're losing the consent of the American public and are frightened of losing power 2) they've lost the judgment of history--their strategy has been an unmitigated disaster on all fronts: their Neoliberal strategy has weakened every nation that has embraced it (including the U.S.) and their interventionist Neocon strategy has failed in its objectives, generated uncontrollable blowback and unintended consequences and weakened America's position and power.

The Neocon behavior is that of a cornered beast. Every potential adversary is deemed a potentially mortal threat, generating a ceaseless flow of self-destructive over-reaction. "

A friend wrote asking about an attack from North Korea. I told him that he had more to fear from the Easter Bunny than from N.K.
Their rockets almost always flop. The fear-mongers in GOV act like America doesn't have any interceptors for incoming missiles.

[Danny B]

The FED just got religion, What to do about Germany

"the Keynesian elites may have found a new ally in their plan to derail the new President...the U.S. Federal Reserve.

First, it's important to understand that the Fed is populated by a group of big-government tax and spend liberal academics who operate under the guise of an apolitical body. For the past eight years, they have diligently kept the monetary wheels well-greased to prop up the flat-lining economy.
However, since the election the Fed has done a complete about-face on rate hikes "
"Remember, it was the Fed's mishandling of its interest rate policy that both created and burst the 2008 real estate bubble. By slashing rates from 6.5 percent in January 2001, to 1 percent in June 2003, it created a massive credit bubble. Then, it raised rates back up to 5.25 percent by June of 2006, which sent home prices, stock values and the economy cascading lower."
"But during those eight years of the Obama Administration, the Fed barely uttered the words asset bubble. In fact, it argued that asset bubbles are impossible to detect until after they have burst.

But since the November election, the Fed's henchmen have suddenly uncovered a myriad of asset bubbles, inflation scares and an issue with rapid growth. And are preparing markets for a hasty and expeditious rate hike strategy."
"San Francisco Fed President John Williams's also told reporters that he, "would not rule out more than three increases total for this year."
"The Fed is comprised of a group of Keynesian liberals that have suddenly found religion with its monetary policy because it is no longer trying to accommodate a Democrat in the White House. "

http://www.24hgold.com/english/news-gold-silver-trump-s-biggest-enemy-is-the-fed.aspx?article=10709016542H11690&redirect=false&contributor=Michael+Pento&mk=1

$7.9 trillion in interest charges. No wonder the banks want continuous war.Beware The Dogs Of War: Is The American Empire On The Verge Of Collapse? | Zero Hedge

Keep in mind that the last few American (and Kenyan) presidents promised while campaigning that they would end the wars and bring the soldiers home.

As already reported, retail is crashing worse than ever, http://www.oftwominds.com/photos2017/CRE-closings2.png
The millennials are turning their backs on chasing the American dream. They are flat broke so, that makes the decision easier, Of Two Minds - Millennials Are Abandoning the Postwar Engines of Growth: Suburbs and Autos


"JUDEA DECLARES WAR ON Germany Jews Of All The World Unite In Action "Judea Declares War on Germany!" - Daily Express headline, March 24, 1933. ... Fourteen million Jews stand together as one man, to declare war against Germany."
Germany was the super-producer. OK, you get the idea. What now? Germany is the super-producer once again. Germany has hegemony of Europe once again. The damn Krauts just work too hard... Mama mia !

[Danny B]

Spread.... european bonds.... shutdown

Spread, "The spread is simply the difference of what banks borrow short, lend long, and live on the spread between the two. "
"If the Federal Reserve follows the path it is communicating, if the 10yr performs as it has for the last 4 decades, and the inverted spread indicates what it has for the last 7 decades, we will be in recession in 2018."

https://econimica.blogspot.com/2017/04/federal-reserve-is-communicating.html

The banks live on spread. What happens if nobody borrows? Keep in mind that the banks only have about 50% of the assets that they need.
These Four Charts Reveal the “Ugly” Truth | Casey Research

As soon as Trump took over, he should have sent lots of treasury bills to the FED to be monetized. He didn't.
The Treasury runs out of money by June 1st at the latest. Trump wanted to cut back on GOV expenditures right from the start. That just isn't how it works.
He just doesn't understand the momentum in the system.

"The fiscal 2017 year-to-date deficit was $527 billion compared with $459 billion in the same period of fiscal 2016."
U.S. government posts $176 billion deficit in March | Reuters
Trump will need to get congress to pass continuing resolutions to keep funding the American monster. It seems highly unlikely that he will get what he wants.
Members of Congress have headed back to their districts for a two-week recess after one of the most bitterly divided sessions in history that culminated with Republicans launching the 'nuclear option' to confirm Supreme Court Justice Neil Gorsuch. Unfortunately, upon their return to Washington DC, they will have just 5 days to unveil, debate and pass a spending bill, or trigger a government shutdown on April 28.

April 23 is the first round in French elections. May 7th is the final round. If Le Pen wins, the fallout is expected to be disastrous for the bond market. Japanese investors are dumping French bonds. The fear from France is causing a contagion of fear for Italian bonds. The Eurozone is pretty much one big disaster anyhow. What happens to EU bonds when Deutsche bank goes bust and can't finance the EU anymore?

[Danny B]

Pensions are at the bottom of the list

The world is pretty much transfixed by the drama in Syria and North Korea. We'll see just how that works out.
The bond king, Bill Gross writes an extremely detailed analysis of why growth and consumption are falling. He NEVER mentions a falling birth rate and falling wages.

https://www.janus.com/insights/bill-gross-investment-outlook/

https://dollarcollapse.com/after-the-crash/after-crash-part-1-solar-stocks/

Trump is at war with Langley. Will he cut of their money tree (plant) ?
Database Error

The jews are slowly waking up to the nature of their greatest enemy. Haaretz Calls Israeli Zionist Zealots More Dangerous Than Hezbollah

In the movie, Zardoz, nobody aged. In the movie Logan's Run, everybody is killed when they reach 30 years old.
"The very core tenet of Marxism and its two versions called socialism and communism is to actually replace the family structure"
"Here I show how the welfare state's growth can be viewed as the transfer of the "dependency" function from families to state employees."

https://mises.org/library/what-has-government-done-our-families

https://www.youtube.com/watch?v=GRIQAgrjfk0

https://www.youtube.com/watch?v=UXq-MvXcB-g

https://www.youtube.com/watch?v=-EUHaKCeDt0

The State is hard at work to destroy the family. The problem emerges that they also destroy society at the same time. The State demands that you owe them allegiance and in return, the State will support you. You are now dependent on the State.
This has gotten very expensive. The elderly are only valued by their close family and not by bureaucrats. GWB said that all the money was gone from the SS fund. It has been replaced by non-negotiable treasury notes.

In a perfect world, everybody would up and die as soon as they became unproductive.

https://fee.org/articles/us-immigration-policy-is-driving-away-talent-every-day/

FED GOV unfunded liabilities are reckoned at $ 212 trillion (Kotlikoff). Public and private pension plans are going bankrupt right and left. The Pension Benefit Guarantee Corporation