Social Security Is a State-Run Ponzi Scheme—and It’s Already Imploding

The Lie of the "Trust Fund" Let’s cut the crap. Social Security is not going to be “saved.” It was designed as a band-aid during the Great Depression, sold as a social safety net, and morphed into a full-blown pay-as-you-go welfare scheme for the masses. The very structure of it guarantees its collapse. It’s not a savings plan. It’s not a pension. It’s a government-administered Ponzi scheme—and like all Ponzi schemes, it relies on a constant influx of new suckers. Charles Hugh Smith nails it when he exposes the "trust fund" as a feel-good fraud. There is no vault full of cash waiting to be paid out. What’s really in that “trust fund”? Government IOUs—non-marketable Treasury securities that can’t be…