Contrarian Value Ideas

[gfp927z]

Derf, You mentioned Social Security on your Grotto board, and another way to extend its solvency would be to reduce the number of older people (link below), and increase the number of young people. Demographically, many countries are in deep trouble -- just too many seniors / not enough young workers -- Japan, China (from the 1 child policy). In Europe and US, immigration has brought in lots of working age people, which helps on the demographic side.

In the US, the huge bulge of boomer retirees not only strains the country's finances, but also jeopardizes the US dollar's role as the world's reserve currency. Fwiw, one 'Plandemic' theory with Covid is that it was a desperation move by the global elites to reduce us old geezers, and thus save the all important US dollar system, since once it's gone, the US' global dominance is over. Sounds like a stretch, but Social Security and Medicare will eventually bankrupt the country, so something will have to be done within 5-10 years, benefit cuts, etc. Social Security has some characteristics of a Ponzi scheme, but the combination of longer lifespans and the boomer bulge make it unsustainable. Having just turned 70, I'm hoping it keeps going for a while..


>>> So many Americans died from COVID, it’s boosting Social Security to the tune of $205 billion <<<


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