9. Inflation Tax & Social Security Will Devastate Your Wealth If You Let It

Welcome to RIGGED, the podcast that helps you RIG the wealth game back in your favor. I’m Terry Sacka.

And how do we do that? Two ways. By arming you with knowledge of the wealthy and through diversification into tangible assets. I’m speaking of precious metals such as gold and silver, which are true money and have held their value throughout history. Gold and Silver can be purchased outright and shipped to you, held in a private storage vault and even bought through your IRA or 401K retirement account. If you’d like to speak to a wealth management specialist right now about building wealth through tangible assets, call us at (888) 747-3309 or visit CornerstoneAssetMetals.com. Make that call that will change your life and your perspective on wealth. Call (888) 747-3309 or visit CornerstoneAssetMetals.com.

 

Today we’re going to talk about social security inflation and the impact that it’s going to have with all the trillions and trillions of dollars that we’ve been not only printing but bailing out to all of every, well just about everybody, right?

 

In social security, they give us something called Cola, which is really a cost of living adjustment and it’s supposed to be okay. We’re going to give you a little bit more in your social security payment to adjust for any inflation. Although a whole entire matrix is kind of phony because the CPI, which is consumer price index that they base this on is actually a CP lie, meaning it’s not really accurate. What they do is they take products out and they put products in that favor the index so it doesn’t look like we have inflation, but you have to understand that the whole entire Western culture, when they talk about two or 3% inflation rate is good. That’s just a flat out lie. They’re fooling us. What they’re really doing is stealing our wealth because you see, we’re not dealing in real money anymore. This is not money you have.

 

This is currency. It’s fiat, it’s fake. It’s not backed up except for by the good faith and credit of the United States, which is dwindling rapidly. Now I really believe in we the people and I think America is absolutely phenomenal and innovative, but the problem is we have an extraordinary amount of debt to the tune of six point $3 million per birth in the United States and rising dramatically. Now, most of this has really come over the just the last handful of years. So I want to get into explaining a little bit of how this is going to impact you because we don’t realize the, the, I think the devastation to our wealth, let alone those on social security. Will it last? Will our savings, what will be the impact to our savings? Because you see we’ve been printing at full speed as the federal reserve continues, creating currency out of thin air, bailing out banks in the tune of trillions and trillions and just the last six months swabbing currencies with other countries and then make it seem like it’s okay because they’re doing currency swabs.

 

Countries are printing money or currency and then they’re swabbing with another country and then they say, okay, I’ve got an asset on the book now and it’s just not real. The Western culture is coming to a reckoning of its financial system. Now this is 50 years in the making, so it shouldn’t really surprise anyone. But we’ve been living in this concept of American dream and we have all the endless wealth and it’s just not true. Most Americans don’t think too hard about who is going to pay for this. I believe we’ve been conditioned that debts are above our pay grade and government debts and not to worry, but we will pay for it. All right. And many, and I mean many will be wiped out with something called inflation tax. The federal reserve. Chairman Powell even said recently on 60 minutes, he was committed to print and dilute currency.

 

Now he didn’t say that part. He just said do whatever he has to take. But it’s printing in diluting currency in unlimited supply while urging Congress to borrow and spend. I’m telling you, they, the federal reserve are like slave masters to us folks. We are going to just be done. If we keep allowing this behavior, they will just monetize it. They said AKA dilute your buying power and savings. Anytime the federal reserve monetizes a currency note, it dilutes your buying power. And how do I know that? Cause back in the sixties, uh, you know, really late sixties, early seventies, a dollar note used to be called a silver certificate and that dollar note was exchangeable for an ounce of silver. You take it to the bank, they’d give you a silver Morgan a silver coin. It was great. They both were equal and they both bought about five gallons of gas at the time.

 

Well today, if I take my silver and I sell it into the marketplace roughly right around $18 well try buying it. It’s like 26 so roughly $18 just say use that one and then go a gallon of gas. I can buy not only the same five gallons of gas, I can buy almost eight gallons of gas. So I’ve actually improved my condition to buy. We’ll take your paper dollar. Now how many gallons of gas can you buy? Right? Not even one, not even a half a gallon. So you see silver has always been real money. Storage of value over time. Currency is designed all through history to go to zero. So we don’t want to know who’s paying for this. I believe we really have been conditioned that debts are above our pay grade in the government world and don’t worry about it, don’t worry about it.

 

We’ll take care of it, but we will pay for it. The federal reserve chairman when he said this, I really couldn’t believe it because he was talking about basically go on, go on, keep going, keep, keep spending spending, spending just like the Romans did until they collapsed. Many people are just going to think, wow, that’s good for the market, but that’s just not true. Especially those in retirement, especially those on social security and especially for your savings. This will be a disaster for the economy. It will destroy the value of the currency you have in your wallet. Remember, just because the stocks are going up doesn’t mean it’s okay. You’re only gaining worthless dollars that will buy less and less and less in the future. Just like the gasoline scenario I just told you, in the end, most of us will get wiped out through inflation tax.

 

All this spending and government action isn’t free. We’ve been conditioned to not understand this, but it’ll cost somebody and that just might be you. Someone will have to pay for the bailouts, the stimulus and the increasing government bills either raising taxes greatly or through inflation or both, which is even worse if we are foolish enough to hold us dollars either by saving or hoarding in our mattress or in the form of bonds or fixed incomes or annuities or anything like that, that is in a fixed income category, you will end up suffering. Now how do we get around this? They say, well you hold gold and silver in the last 20 years, gold has outperformed the stock market unbelievably like 60 70% outperformed not only the stock market over the last 20 years, darling Warren Buffett, it’s outperformed him too. And the scenario I gave you was silver.

 

I don’t care about the price of silver. Try buying it right now. It’s like $26 and rising. It doesn’t matter what the computer says, the markets that run the pricing is detaching. The system is collapsing internally and you are going to see Epic gold and silver prices. So I really encourage you as we talked about blunders on the last a million dollar episode that stay away if you want to protect social security and your savings for the future. Number one, I recommend diversifying and gold and silver, but also stay away from annuities. There was a time 25 years ago when this made sense, but today they hidden inflation figures. Make annuities a death trap to your savings. What they won’t tell you is the interest that they guarantee is eaten up by the Hawk high cost of fees and definitely doesn’t keep up with current rate of real inflation.

 

Be careful not to mismanaged retirement withdraws. Make sure it is real necessary and thought through. Many people withdraw for entertainment or travel. While this is great, it should be done with profit and not principle. And finally, diversify is good, but when diversifying doesn’t mean do it all in title. As paper world of stock have tangible assets like gold and silver. Land. Land is good but it’s not always liquid. Rental property can be great. It’s supplements income. Just make sure the property’s right. Maintenance is thought through and it’s positive cashflow on the property. Hopefully these tips will help you in the future. But just remember, social security is an extreme risk. Your savings are at extreme risk right now. Inflation tax is going to eat a live any form of wealth we have if we continue to hold these paper U S dollar notes. So I encourage you to get with the tangible asset concept, diversify it. You can always call and get advisory on how to approach that, but I would highly recommend it. So until next time, God bless each and every one of you,

 

The world is at a tipping point. Our fragile food supply is being destroyed by locusts and fires. A global viral pandemic is collapsing the economic supply chain impacting financial markets all around the world, leaving you and your finances more vulnerable than ever. Now is the time to protect and preserve your assets. Cornerstone Asset Metals is here to help you protect and preserve what you’ve worked so hard to gain. Whether you have IRAs to protect for a one case to preserve or cash in the bank, our asset specialists are here to support you. Call now, and we’ll send you urgent information regarding changes to the dollar and the challenges to our economy that you need to be prepared for. Learn how easy it is to roll over your current IRA or 401K into a physical precious metals IRA. We can even arrange to have your precious metal stored in a private vault or send it directly to your home. Do not delay. Call (888) 747-3309 today that’s (888) 747-3309 Invest in precious metals and create security in your future today. Call now.