No discussion of the upcoming collapse of the bond market would be complete without a mention of Social Security. At least, after they’ve lost their money in stocks, real estate and bonds, Americans will at least have Social Security to live on, right? Wrong! You know all that money you pay in Social Security taxes? [...]

Social Security: The Futile Fight For What’s Been Promised 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."

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