Social security isn’t working well in NJ; they keep understating inflation (when not outright denying its existence, despite increases in costs of fuel, groceries, etc.) to minimize the adjustments to SS; this has led to a large number of people in NJ unable to retire. The monthly payments can’t even cover their property tax bill (even if they own the home free & clear), and they can’t sell the homes for a song because that was their retirement fund (and nobody wants the homes anyway).
I have no problem with any protester (from the left or right) demanding that the funds no longer be taken from their paychecks; they can’t tell me I myself won’t collect, while continuing to draw funds from my check to pay the current retirees. This intergenerational warfare is also taking place in Europe: younger people are being asked to provide a standard of living for older workers & retirees that they themselves will never enjoy.
Wall street isn’t taking the funds from your paycheck nor the protesters paychecks if they ever had a paycheck that is.
Fed reserve has pumped into the systems, 20 trillion in loans to banks and hedge funds all over the world...It has not worked...
European Union is doing the same thing...Buying up debt and putting it on their books.
All these banks are losing money here, the banks will start collapsing, panic will follows.
My greatest fear...when the runs start on banks, first will happen overseas, and then panic in our banks...I'm 99 percent sure, they'll blame the gold speculators and will seize the gold.