Security Is a Pyramid Than a Ponse

So security is the original government ponse, even before it started operating the national deat. The early people who got in a ended up as huge winners. There's no chance that the baby boom is going to get out from so security. So they're already drawing down these phony trust funds by running additional deficits. But all being financed by the fed right now. And that's the only reason that the whole system hasn't imploded because we're printing money to pay the benefits.

Play episode from 29:17

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app