🚨 HOLY CRAP! Dr. Oz reveals that if 100% of fraud is abolished from Medicare, the Medicare Trust Fund will DOUBLE its lifespan
"In JUST this past year — we cut $42 BILLION of fraud from Medicare...by NEVER letting the money out the door." 🤯
"The fraud doesn't just steal money. IT STEALS OUR TRUST. We have states not working closely with us!"
"The Medicare Trust Fund will last TWICE as long if we just take the fraud out of Medicare."
I bet a HUGE portion of our overall national debt is fraud.
Keep DOGEing to the maximum!
Two of my favorite universities for their academic and athletic excellence are Notre Dame & Michigan. I just read Michigan is going to pass/fail for liberal arts and sciences for freshman year. This is to alleviate the pressure put on students. What is happening to us? Pressure brings excellence. Don't get soft Michigan, it's not what you’re about.
More than half of Gen Z investors redirected investing dollars into sports betting over the last year.
And 26% now consider betting part of their long-term financial strategy.
This is a terrible trend. Investing builds wealth over time. Gambling is designed to take it.
Yesterday, when the Treasury announced buybacks, and the bond market rallied…I got sick to my stomach. It’s rearranging the chairs on the decks of the Titanic. The real problem - Deficits (all over the world). Governments have lost their minds. No amount of financial engineering will fix this. The only thing that will fix it is to stop spending. If governments actually raise taxes to levels needed to fund their current drunken largesse, they will kill all growth and make problems even worse. The other problem with all this spending, is that we are borrowing from savers and giving it to consumers. We are eating our seed corn. In addition to all this, we are not hearing about the losses in pension funds, insurance companies, banks, and central banks in Europe or Japan or the US. They are huge. Pension funds bought debt at negative interest rates and now face huge losses. To repeat: The only way to fix this is to stop spending. Or, somehow miraculously to lift growth rates. But, governments are larger as a share of GDP and this has reduced growth rates. Keynesianism works in the reverse way people are taught in school. It’s crushes growth in the long-term even though it feels good in the short-term. The US’s $40 trillion in debt is a long-term problem…issuing 3-month T-bills doesn’t make it a short-term problem. Buying back long-term bonds doesn’t make it a short-term problem. Governments have to start facing reality and stop pursuing short-term, feel-good, nonsense solutions. Again: Cut the size of government…it’s the only real solution.
The U.S. has added $3.6 trillion in national debt in 13 months.
That’s over $9 billion - every single day.
Washington does not have a revenue problem. It has a spending problem.
Elected officials – Republicans and Democrats - should not be allowed to trade individual stocks.
This shouldn’t be hard to ban, but neither party will do it.
So offensive to the people they ‘serve.’
No one is thinking about you as much as you think. Stop comparing yourself to others, don’t worry about what other people think and focus on your goals.
In my opinion, this is the most compelling chart for being a stock market investor.
Over the last 50 years:
-US Inflation: up 6x
-S&P 500 dividends: up 21x
-S&P 500 total return: up 265x
Over the long run, stocks trounce inflation and protect your purchasing power.
It is a sad commentary on the state of politics to watch members of the Democratic Party stay seated and give insult to our country. They should be ashamed of themselves.
I talk about this all the time, sadly folks don't always take it to heart. They believe you lean one way or the other if you disagree with their political view of this. Our job is to talk about facts and numbers, and numbers don't lie.
Annual savings to become a millionaire by 65 with a 10% return:
20 - $1,400
30 - $3,700
40 - $10,200
50 - $31,500
60- $163,800
Time in the market matters. Start as early as you can!