SRSrocco – Bearer of (No) Good Pension News | “It’s Big, Bad, and Ugly”
SilverDoctors.com
July 25, 2017
Thinking about retirement in 2 or even 20 years? It’s situation critical as SRSrocco informs us that “Regrettably, Americans have no idea that their monthly retirement contributions are not being saved, nor stored in a nice gold vault, rather they are being squandered to pay the lucky slobs who retired before them…”
From SRSrocco at srsroccoreport.com
While the highly inflated value of the U.S. Retirement Market reached a new high this year, something is seriously wrong when we look behind the scenes. Of course, Americans have no idea that the U.S. Retirement Market is only a few steps from falling off the cliff, because their eyes are focused on the shiny spinning roulette wheel called the Wall Street Stock Market.
Yes, everyone continues to place their bets, hoping and praying that they will win it big, so they can retire in style. Unfortunately, American gamblers at the casino have no idea that the HOUSE is out of money. The only thing remaining in their backroom vaults is a small stash of cash and a bunch of IOU’s and debts.
According to the ICI – Investment Company Institute, the U.S. Retirement Market hit a new record $26.1 trillion in the first quarter of 2017:
The Rest…HERE
