Rick Rule

No one has fought a war over getting wind energy through the Strait of Hormuz. We need to make a choice to seize a clean energy future and leave dirty, dangerous fossil fuels behind.

Excited about the long holiday weekend? Thank a union.

Silver

Around 2032 or 2033, the Social Security "trust fund" runs out of bonds to sell. Then benefits decline an estimated 23% automatically. For decades, FICA taxes collected exceeded the amount paid to retirees. So the excess money was used to purchase US treasury debt. The US govt spent the money and gave Social Security an IOU for the FICA taxes collected. Those treasury bonds (the IOUs) added up to $3 trillion at their peak. A few years ago the amount of FICA taxes collected was no longer enough to cover benefits. So now Social Security has to cash in bonds to meet their payments to retirees. The "trust fund" pile of IOUs is down to about $2.5 trillion. Around 2032 or 2033, the $2.5 trillion in bonds will be depleted. At that point, under current law, the Social Security department of the govt will automatically cut benefits to retirees. It will be around 23% the first year. What will Congress do? Congress will likely pass emergency legislation telling Social Security to pay benefits out of general fund revenue. The US govt budget deficit will immediately increase by another $600 billion to $700 billion per year. We will likely have annual US govt budget deficits of $3 trillion per year or more. You probably don't own enough gold for what will happen to your dollar buying power.

NYC had a nuclear power plant 36 miles away called Indian Point. It supplied carbon-free safe power that would mean no one would need to turn up their thermostats. But it was closed in 2021 by the degrowth Death Cult. Now NYC relies on fossil fuels for 90% of its power 🫠

🚨 Billionaire investor Ron Baron explains the silent math destroying your wealth. Your money loses 4 to 5% of its purchasing power every single year. The economy grinds higher at roughly 2%. That is a relentless 7% headwind against you, annually. What that really means. Prices double every 10 to 12 years. Your savings are cut in half in real terms within about 15 years. Cash sitting idle is not safe, it is decaying. The system is structurally engineered to punish savers and force capital into risk just to survive.

I keep seeing posts telling young people to just buy tiny starter homes like the size their grandparents owned in the 1950s 2 bed, 1 bath, 1200 sq feet, est. 1951 It still is over $400,000 And not in CA or NY This sold for $80,000 in the 1990s btw