Migrants Claim Your Retirement
Social Security Giveaway Hi Reader, Here’s what our editors are looking at today… | | America: Jim Rickards – Elon Musk Claims 2.1 Million ‘Non-Citizens’ Received Social Security Numbers in 2024 Speaking at a conference alongside his longtime friend Antonio Gracias, CEO of Valor Equity Partners, Musk said DOGE has uncovered some eye-opening numbers regarding social security in 2024. “We started at the top of the system. Mapping the whole system of social security to understand where all the fraud was. There’s a lot of great people there that showed us a lot of waste, so that came with a big list of stuff. But this is what jumped out at us,” Gracias said. “In 2021, you see 270,000 people; goes all the way to 2.1 million in 2024. These are non-citizens that are getting social security numbers.” As to how 2.1 million non-citizens received social security numbers in 2024, Gracias said that the previous administration had a policy that allowed migrants to enter the country and then register social security. “Once you’re in the country and you got an asylum… you can apply for a work document. You file a 765, you get this form called a 766, and then the social security administration automatically sends you in the mail a social security number. No interview. No ID,” he concluded. ⇒ Read More Here | |
Markets: Sean Ring – TANKED! Trump’s Tariff Update As The Donald’s April 2nd tariff deadline approaches, nations and markets worldwide are bracing for what he sees as justice for “ripping off the United States.” But instead of preparing, the world looks like it’s panicking—and Asian markets overnight were a mess. Futures are all red here in the U.S. Markets are generally down 1% across the board. Russia’s Vladimir Putin isn’t helping; oil’s up around 1% to $69.60. President Trump said he was “very angry” at Vladimir Putin and threatened “secondary tariffs” on buyers of his country’s oil if the Russian leader refuses a ceasefire with Ukraine. While Russia is important, it’s not the only story. Like I said, Asia’s stock markets are having a rough time. It’s not much better in Europe. The 10-year yield got crushed on Friday. Meanwhile, despite the dollar’s steadiness, spot gold has surged over the $3,100 mark for the first time. I expect a rough morning in New York, but the markets may catch their breath and stabilize. But now you’re up-to-date on the crucial moves on this side of the planet over the weekend because of the President’s policies (and lack of clarity about them). ⇒ Read More Here | |
Markets: Bill Bonner – The Dumbest Investment in the World Well, you never know, do you? Recall that the Argentines introduced a “century bond’ in 2017. At the time, we were not alone in considering it the ‘dumbest investment in the world.’ Who would lend the Argentines money for 100 years, we wondered? Statistically, the odds were that Argentina would default seven times before the bond matured. And then, when the government defaulted just three years later, and the century bond was down 75%, we all laughed with a self-satisfied chuckle; we were right! Well guess what? Investors who stuck with the country are having the last laugh. The bonds they were given in the default, plus the fat coupons on the original century bond, are now worth more than the original investment. Not just that: They are worth far more than if the dollars had been invested in “safe” U.S. Treasurys. Yes, it turns out that the rickiest sovereign credits (government debt) are also the most rewarding. The safest — namely, U.S. Treasury bonds — are therefore less rewarding. How much less rewarding they are likely to be is, vaguely, the subject of today's article. ⇒ Read More Here That's all for today, we'll be back tomorrow with more topics and articles from our editors. Email us here with whatever crosses your mind that you want us to cover. We look forward to hearing from you! Looking forward to your financial future, | | | |
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