Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By The Daily Reckoning (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Donald Trump’s Secret Plan to End Social Security?

% of readers think this story is Fact. Add your two cents.


This post Donald Trump’s Secret Plan to End Social Security? appeared first on Daily Reckoning.

If what I’ve uncovered is correct — this could be the single BIGGEST shock wave to Social Security since it began in 1935.

In short, I’m talking about the end to Social Security as we know it.

Frankly, the evidence is adding up…

First, there’s an overlooked disclosure from Donald Trump. This isn’t something that Trump has openly spoken about, and to my knowledge not a single mainstream news organization has written a single word about this.

This disclosure was revealed in Donald Trump’s 2015 ethics review. It may be a key signal of the end to Social Security for American retirees as we know it.

That sounds scary, doesn’t it?

It shouldn’t. In fact I believe it will be a good thing. A shakeup that is decades overdue!

On Page 36 of the U.S. government ethics form that Trump released way back in July 2015, it shows that Trump generates, on average, more than $13,100 each and every month through the private sector of the economy.

That’s roughly $157,200 per year in extra income… and even for Donald Trump, that’s a nice chunk of change.

But what’s incredible isn’t how much he’s making… but rather, HOW he’s been able to do it.

You see, he makes so much money through his investments, he might not even realize it… but the truth is, “The Donald” is collecting some of the exact same payouts you would collect when legally piggybacking “Canadian Social Security.”

Instead of relying on the U.S. Social Security plan, Trump has tapped into a far superior “old-age” plan.

And if you’re thinking it’s Canada’s version of Social Security.

You are correct!

After all, why not piggyback the Canada Pension Plan? While the U.S. Social Security plan rings up massive annual deficits, the Canadian plan generates big annual surpluses.

As most Americans worry about whether they will ever receive the Social Security payments they were promised, Trump found a better way.

A Better “Mousetrap” for Retirement Savings

It is quite obvious that Canada has a better private-sector “mousetrap” in their pension plan, and I believe that we will see that this is all part of Trump’s plan to END the house of cards, “pay as you go” U.S. Social Security system.

Remember, in 1996, the Canadians realized the whole system was unsustainable and that the entire plan would “slowly run dry” and be completely bankrupt by 2015.

What happened next is incredible, given the experiences most of us have had watching our government operate.

The Canadian federal government actually did something about the problem!

It began conducting consultations with the Canadian public, looking for suggestions, recommendations and possible solutions on how the Canada Pension Plan could be fixed. (I just can’t imagine the U.S. government doing something like that.)

And it worked!

Just one year later — in 1997 — NEW legislation was passed replacing the old “pay as you go” system with something revolutionary…

And almost immediately, the new Canada Pension Plan took off like gangbusters.
The program started with cash reserves of around $36 billion.

By 2004, the program had a pool of resources totaling around $77 billion.

Today, that number has grown to over $219 billion. That’s more than a SIXFOLD increase.

Just take a look at the chart below and you’ll see that they’ve managed to steadily boost funding for the program year after year.

And this trend isn’t expected to slow down anytime soon. In fact, from the projections I’ve seen, funding for the Canada Pension Plan is expected to reach $300 billion by 2020… $518 billion by 2030 and over $800 billion by 2040.

Those results are nothing to sniff at! They’re also the reason I’ve recommended piggybacking the Canada Pension Plan for a while now.

But, that’s not the only reason I think Trump could be the one that finally ends the “pay as you go” U.S. Social Security system.

Headlines are starting to emerge, too! Like this one from CNNMoney: “Trump’s Social Security Point Man Called for Privatization.”

Fact is, we could see a private U.S. Social Security system during Trump’s administration.

But… if you know me, you know I’m not a “wait and see” kind of guy.

So while others wait to see when and how Trump will help or hinder U.S. Social Security, you and I can privatize our own retirement plan!

Here’s to growing and protecting your wealth!

Zach Scheidt
Editor, The Daily Edge
[email protected]

P.S. Oh, and if you need to get the full scoop on how to “piggyback” Canadian Social Security you’ll find everything you need to know in a copy of my brand new book, The Big Book Of Income. (Everything you need to know is revealed on page 131.) To find out how to get a FREE copy shipped to your doorstep, click here.

The post Donald Trump’s Secret Plan to End Social Security? appeared first on Daily Reckoning.

This story originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.


Source: https://dailyreckoning.com/donald-trumps-secret-plan-end-social-security/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.