Greenspan clearly states that social security program is a scam

Today's non-news (it should not be "news" because you should already understand this) is that Alan Greenspan is clear calling the social security program a scam:

"Alan Greenspan, former chairman of the Federal Reserve, said a Social Security Trust Fund does not exist and that the U.S. is “way underestimating” the size of its national debt.
“The notion that we have a trust fund is nonsense – that trust fund has no meaning whatsoever except for the fact as an all private fund to benefit programs, if it runs out of money, you can only pay out in cash flows that come in but the probability that will happen is not particularly high,” Greenspan recently told the Fiscal Summit held by the Peter G. Peterson Foundation, PJ Media reported."

Folks, wake up.  The very definition of a Ponzi is when you pay current obligations of those who were made past promises by the system from cash flows that come into the system.  Social security is BK.  When the big mass of boomers all begin to retire, and that is happening right now, the system will be overwhelmed by claims on it.

Those who are owed things by the system will simply say "tax the current generation more if you have to - we don't care where the money comes from but a promise is a promise".  Those who are working today will say "I'm never going to get paid by this system so there is no way I am putting up with more taxes; let's get rid of it completely so I can plan and save for my own retirement since nobody can trust government anymore.".

Retirees are going to take hair cuts, period.  There will begin to be means testing and payout reductions for those who qualify.  And of course the money printing will never end as well.  We are going to see some generational warfare before this is over.  Instead of our elderly being the respected wisdom of society, the fucking banks and their pump and dump scam will set the aging retirees against the young workers.   I hope people can see how these money games destroy society.  It's treason of the highest order and should be classified as crimes against humanity.

I also want to state that Greenspan is warning us about things that he helped to cause.  None of the things he warns about - shadow debt, broken social security, etc. could be possible without the presence of a fraudulent money supply which Greenspan himself managed for a long time even after warning us in the 1960s that fake money (i.e. not gold) was a tool of the scam ridden welfare state (AKA socialism) whose real goal was to remove our freedom and eliminate personal ownership of property with the state controlling everything.  Alan Greenspan is a traitor of the highest order and should be subject to the penalties normally associated with high treason.