‘Death of Social Security’ in 2016?
Received an email with a link that stated 2016 . . . The Death of Social Security. The link brought me to a video by James Davidson. It was very similar to one that I watched from him in the past, so I stopped watching after a while and decided to look for a written version of it. Instead, I basically found a summary related to it.
Here is some of what it had to say:
As you know, Social Security operates as a classic Ponzi scheme — new contributions are used to pay off earlier contributors.
The problem is twofold: Our government tapped into Social Security savings, and there are not enough new contributors to pay those who already funded the system.
And the problem is worse than any government agency wants to admit.
However, one famous economist, James Dale Davidson, boldly states…
“We could see the end of Social Security as soon as 2016,
and there is nothing President Obama, Congress or
any other government agency can do to stop it.”
Yes, Social Security as we know it could end in 2016.
Before you dismiss Davidson’s warning, know that he has a remarkable track record of calling nearly every major economic shift over the last three decades.
For example, Davidson predicted the stock market collapse of 1999 and 2007, along with the fall of the Soviet Union and Japan’s economic downfall, to name just a few.
And his predictions have been so accurate, he’s been invited to shake hands and counsel the likes of former presidents Ronald Reagan and Bill Clinton — and he’s had the good fortune to befriend and convene with George Bush Sr., Steve Forbes, Donald Trump, Margaret Thatcher, Sir Roger Douglas and even Boris Yeltsin.
So, how can Davidson be so sure that Social Security will end in 2016?
As Davidson explains in a newly released video, “Right now, there are five massive cracks in the American economy’s foundation that are converging for the first time in history. This is a landmark development that I am convinced will trigger the greatest depression we’ve ever seen. Yes, worse than the 1929 Great Depression.”
Davidson’s new video is causing a controversy, not just because of what he says, but because the evidence he provides is irrefutable (he uses over 20 unquestionable charts to prove his point).
“I know that everywhere you turn things look pretty good,” Davidson goes on to say, “The market is near all-time highs, the dollar is strong and real estate is booming again. But remember, the exact same scenario played out in 1999 and 2007. The economy is unraveling right now, and fast. Very fast.”
Davidson warns that a 50% stock market collapse is looming, that “real estate will plummet by 40%, savings accounts will lose 30% and unemployment will triple.” http://thesovereigninvestor.com/exclusives/2016-the-end-of-social-security/
I have done some research into James Davidson’s more recent predictions. What the above fails to mention is that he claimed certain things about a collapse in 2015 that did not happen.
And no, I do not believe that 2016 can be the ‘death of Social Security.’ For non-USA readers, Social Security is a government mandated retirement program that has made many promises to so many, that unless the USA economy really revs up, it will not be in a position to fulfill its promised obligations.
That being said, I do not expect Social Security to die this year.
Nor do I believe that many of James Davidson’s dire predictions can happen this year.
But that does not mean that they will never happen or that the USA will be able to continue as it has been.
Notice also the following from some time ago:
Social Security’s Coming Crash: The Certain End of Entitlement …
Social Security and Medicare are disastrously unbalanced for three reasons. First, “contributions” to Social Security and Medicare are insufficient to provide the promised benefits. Indeed, Social Security operates as a classic Ponzi scheme, with new contributions used to pay off earlier “investors.”
Second, life expectancy is up, and fertility rates are down. The population is aging, with a larger number of elderly living longer. This is good news for people but bad news for Uncle Sam.
Third, medical outlays are increasing rapidly. In recent decades Medicare outlays have risen three percent annually above the increase in per capita GDP …
The ultimate result of social welfare is, as Chancellor Bismarck intended, to encourage widespread dependency on the state. America’s Founding Fathers feared this possibility. As Thomas Jefferson put it, “Dependence begets subservience and venality.”
The imminent collapse of Social Security adds another element to the studied campaign to make people dependent. Never mind that successive presidents and Congresses have promised to protect the elderly. Never mind that policymakers have discouraged Americans from preparing for their own retirement. Never mind traditional notions of commitment, trust, and honor. Uncle Sam will leave everyone high and dry without even a glance backward.
We must confront the welfare state and the entitlement mentality that underlies it. To do that, we must transform Social Security.
The longer we wait, the more difficult it becomes to close the gap. …
Reforms are hardest to apply to those who have already retired: “Delaying action until the baby boom is in full retirement insures that the next generation will bear the burden of current inaction,” argue Andrew J. Rettenmaier and Thomas R. Saving of the Private Enterprise Research Center at Texas A&M University.
And that cost will be huge. David M. Walker observes that
Failure to take steps to address our large and structural long-range fiscal imbalance, which is driven in large part by projected increases in Medicare, Medicaid, and Social Security spending, will ultimately have significant adverse consequences for our future economy and the quality of life of our children, grandchildren, and future generations of Americans. As a result, the federal government needs to engage in a fundamental review, reassessment, and reprioritization that will ultimately have to span all major spending programs and tax policies.Perhaps economic reality will finally force Congress to act. For Social Security has become the reverse third rail of government finance: Don’t touch it, and America’s economy dies. (Chronicles November, 2009 http://www.cato.org/publications/commentary/social-securitys-coming-crash-certain-end-entitlement)
There are serious financial issues looming for Social Security. The above came out in November 2009–the Obama Administration and Congress have not taken proper fiscal steps to save it.
In the USA presidential contest, I do not believe that Hillary Clinton has laid out a plan to possibly reverse this, nor do I have confidence that Donald Trump can either. It is not that neither have any good ideas or that one may not be better for the economy at times than the other. It is just that I expect whoever wins to have to deal with problems they will not truly understand and make decisions that will not always work out well for the USA.
Based on statements both of them have made, I believe their minds are of a debased sort (cf. Romans 1:28) and that their decisions will not end well (cf. Romans 1:32).
Can you see the ‘Handwriting on the Wall’?
Some items of possibly related interest include the following:
America’s Day of Reckoning 2017 Dollar Collapse? Economist James Dale Davidson says that a financial bloodbath will hit the USA and there is nothing that Washington can do to stop it. He claims that at least 57 nations have gotten together to dethrone the US dollar as the world’s reserve currency. He claims this can happen any day or in a few months. He mentions China, Russia, the AIIB, and gold. He claims his track record in predicting massive shifts in the past should assure people that he is right about this. He claims that there will be massive unemployment, near elimination of social security benefits, and more. Is James Dale Davidson possibly right on any of this? Dr. Thiel goes over many of his claims and explains what the Bible shows related to the coming collapse of the US dollar.
USA Ushering in the Collapse of its Currency This Year? According to financial reporter Porter Stansberry, the USA is ushering in the collapse of the US dollar through its debt, regulations such as FATCA, and other policies. Porter Stansberry proposed that marshal law could be implemented in the USA. Is any of this possible? Will there end up being a collapse of the USA dollar? While parts of FATCA have been delayed, will the USA end up losing its economic dominance? What does Bible prophecy reveal?
Can those in the USA/UK see the Handwriting on the Wall? Is everything fine in the USA/UK or is it like the days of Noah? Can we learn from the handwriting that appeared on a wall thousands of years ago? Here is a link to a related YouTube video Can you see the ‘Handwriting on the Wall’?
The Gospel of the Kingdom of God This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
When Will the Great Tribulation Begin? 2016, 2017, or 2018? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2016 o 2017? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Can the Great Tribulation Start in 2016?
Protestant and Church of God views of the United States in Bible Prophecy Is the USA mentioned in Bible prophecy? Some Protestants say yes, while others say no. What does the Bible really teach? Learn the truth about this. There is also a video available: Is The United States Mentioned In Bible Prophecy?
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? Here is a link to a video titled: The Future King of the North.
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? You can also see a YouTube video sermon The Gospel of the Kingdom.
Just What Do You Mean the Kingdom of God? A booklet that was written by Herbert Armstrong answers questions about the Kingdom.
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Could a Donald Trump presidency be apocalyptic? A related video is titled Could Donald Trump be Apocalyptic? Another video is 10 Reasons Not to Vote for Donald Trump or Hillary Clinton.
Hillary Clinton, Prophecy, and the Destruction of the United States This is a 200 page book for people truly interested in prophecies related to Hillary Clinton and the United States, including learning about many that have already been fulfilled and those that will be fulfilled in the future. It also discusses Republicans. The physical book can be purchased at Amazon from the following link: Hillary Clinton, Prophecy, and the Destruction of the United States, 2nd edition: Is Hillary Clinton Fulfilling Biblical, Islamic Catholic, Hopi, and other America-Related Prophecies? What About Donald Trump? $11.99.
Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon 2nd Kindle edition This electronic version of the 200 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon 2nd Kindle edition.
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.
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