In 2018, police officer Matt Cooper was shot in the face by a shoplifter at Walmart.
Thankfully, Cooper survived, but he and his family had to rely on Social Security benefits to help take care of their medical bills and supplement their income since workers’ compensation wasn’t enough to cover their already limited budget.
But then it turned out that Social Security made a mistake and had been overpaying the Coopers. And when the mistake was discovered, the government demanded they repay $30,000 in addition to cutting monthly payments from $900 to $150.
Not only is Social Security run by bureaucratic buffoons, but apparently they’re also thugs who like to shake down injured cops.
In any event, after reading about Officer Cooper, I started wondering how often mistakes like this happen and how they not only affect the folks who paid into the system and now rely on those benefits but also the economic sustainability of the entire program — which we already know is nearly nonexistent.
As it is, Social Security is expected to run out of its excess reserves in 2034, which will result in it only being able to pay a portion of full benefits for retirees.
Of course, we’ve always known this was a giant Ponzi scheme, but I really got fired up this week after learning that mistakes similar to what happened with the Coopers are not uncommon. Our analysts have traveled the world over, dedicated to finding the best and most profitable investments in the global energy markets. All you have to do to join our Energy and Capital investment community is sign up for the daily newsletter below.
According to a report from the Social Security Administration's (SSA) inspector general, nearly $22 billion in overpayments were made last year. Meanwhile, 50% cuts to cost of living adjustments are now scheduled for baby boomers…
You know, the folks who have been forced to put their own money into this Ponzi scheme for decades.
And to add insult to injury, this is happening behind the backdrop of inflationary pressures that are making it harder and harder for retirees to put food on the table and keep the lights on.
How the government keeps getting away with this kind of theft is beyond me, but one thing I do know is that those who are relying on Social Security to cover their expenses in retirement better look for a new way to generate income in its absence.
One way to do that is through an income-generating mechanism that’s used by some of the richest people in the world, including Elon Musk, Jeff Bezos, and Warren Buffett.
It’s called a solar power royalty, and it’s basically a monthly royalty check you can earn from operational solar power plants all across the world.
They’re far safer than traditional stocks, more reliable than Social Security, and the returns are significant.
In fact, with some of these projects, you can turn as little as $100 into $98,325.
Good luck ever seeing that kind of return from Social Security.
Truth is, I honestly don’t believe Social Security will even exist beyond 2040. Something bad IS going to happen, and those who don’t have a backup retirement plan are going to be screwed.
So to help you get some of these solar power royalties for yourself, I put together this short report that shows you how they work and how you can actually start earning your own royalty checks in less than an hour.
And here’s the best part…
You don’t even need a broker, and you don’t have to pay a single penny in commissions or hidden fees to get started. Plus, the minimum investment is only $100.
That's not bad when you consider starting with only $100 could eventually earn you nearly $100,000.
And the proof is in the numbers, which I’ve outlined here.
To a new way of life and a new generation of wealth… Jeff Siegel
@JeffSiegel on Twitter
Check us out on YouTube!Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
Want to hear more from Jeff? Sign up to receive emails directly from him ranging from market commentaries to opportunities that he has his eye on.
