{"id":5081,"date":"2015-01-30T20:47:58","date_gmt":"2015-01-31T01:47:58","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5081"},"modified":"2015-01-30T20:47:58","modified_gmt":"2015-01-31T01:47:58","slug":"another-step-down-the-long-slow-road-to-ira-nationalization","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5081","title":{"rendered":"Another step down the long, slow road to IRA nationalization"},"content":{"rendered":"<h3 class=\"headline\"><a href=\"http:\/\/www.sovereignman.com\/trends\/another-step-down-the-long-slow-road-to-ira-nationalization-16041\/\" target=\"_blank\">Another step down the long, slow road to IRA nationalization<\/a><\/h3>\n<p>Let\u2019s take a brief walk into financial reality for a moment.<\/p>\n<p>At the time of this writing, the United States government\u2019s official debt is nearly $18.1 trillion.<\/p>\n<p>Now, let\u2019s look at who the biggest owners of that debt are:<\/p>\n<p><strong>1) Taxpayers of the United States.<\/strong><\/p>\n<p>If you\u2019ve held a job in the Land of the Free, 15.3% of your salary has gone to fund Social Security and Medicare.<\/p>\n<p>Each of these programs holds massive trust funds that are supposed to pay out beneficiaries, both present and future.<\/p>\n<p>Conveniently, the trust funds are required by law to buy US government debt.<\/p>\n<p>And given that every single US taxpayer is an ultimate beneficiary of these trust funds, that ranks the people of the United States as among the biggest holders of US debt.<\/p>\n<p>How sustainable is this? Not very.<\/p>\n<p>The 2014 trustee reports for both Medicare and Social Security indicate that nearly ALL of the trust funds are sliding towards insolvency.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another step down the long, slow road to IRA nationalization Let\u2019s take a brief walk into financial reality for a moment. At the time of this writing, the United States government\u2019s official debt is nearly $18.1 trillion. Now, let\u2019s look at who the biggest owners of that debt are: 1) Taxpayers of the United States. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,303,305,3076,3072,3073,3074,3075,1576],"class_list":["post-5081","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-fed","tag-federal-reserve","tag-insolvency","tag-ira","tag-ira-nationalization","tag-medicare","tag-social-security","tag-us-debt"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5081"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5081\/revisions"}],"predecessor-version":[{"id":5082,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5081\/revisions\/5082"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}