It was just over six years ago that COVID upended everything. Lockdowns, $5 trillion in money printing, 9.1% inflation. Hard to believe it's been that long.
What makes that unsettling is that the Congressional Budget Office projects the main Social Security trust fund will run dry in 2032 — six years from now.
Unlike COVID, this one has been on the calendar for decades. And Congress is still doing nothing about it.
In this month's brief we cover:
- The only time in recorded history that a cavalry captured a naval fleet — highlighting the moment it became obvious the richest country in the world had slowly consumed itself from the inside
- What happened at the March 25 Senate hearing that barely made the news, even though one senator proposed a $1.5 trillion permanent slush fund to "save" Social Security
- Why sustained inflation isn't going away, and why the money printing required to bail out Social Security will make COVID-era printing look small
- Three levers you can pull right now to help you keep more of your money, make more through real assets (including an update on Thor, Petrobras, Sylvania, and more), and spending less.
The Only Time a Cavalry Captured a Naval Fleet On January 23, 1795, a squadron of French hussars from the 8th Regiment rode their horses out onto the frozen Zuiderzee near Den Helder, on the northern tip of Holland. Their hooves were wrapped in cloth to muffle the sound of horses thundering across the ice.…
