Social Security's Death Warrant Was Just Signed -- Are You Ready?

[DENVERPOPS]

20. I remember when Reagan

and the Corporations got rid of Corporate Retirement plans. The Corporations donated a certain amount to each employees Corporate retirement fund.......the employee could also put money in......
Then, so the they could avoid paying their full contribution to the employee retirement fund, Reagan offered Fed Retirement Fund insurance the Corporation could buy. It was far cheaper than the amount they contributed to the employees Corporate Retirement fund. That way, if a corporation went bust, and then the Corporations Retirement Fund would go bust, the Feds would come in and provide the retirement for the employees. Only problem was, that the amount they payed into the Fed insurance was such a pittance that as the Corps started going bust in the 90's the Fund was only able to provide enough for the first one or two corps that went bust.
The corporations were crying all the way to the bank.
The PTB then decided the employees should invest in their retirement money in a 401K, etc, stock market rather than the "corp" retirement funds. The amount being paid to employees by the Corporations Retirement Fund had far greater than what the private market investments provided.....But the Stock marketeers enjoyed the incredible increase.....