The information I am about to share with you will make you absolutely livid.
What I'm going to explain to you today has already cost taxpayers in excess of $1 trillion over the past decade, according to the Center for Retirement Research at Boston College.
Now, that figure could double again...
... because of guaranteed pensions.
This is one of Wall Street's dirtiest, best-guarded secrets... but nobody ever talks about it outside the mahogany-lined hallways of their innermost sanctums.
They're the real reason why your local school district is cutting its budget, why there's never enough money to maintain our country's infrastructure, why healthcare costs so much, and why you're hit with one levy after another, year after year, to cover government "shortfalls."
The pension crisis is also single BIGGEST risk to the world's stock markets today and, yes, to your wealth.
Rolling Stone calls this... a scam of almost unmatchable cruelty.
Forbes says it's a... "national crisis" of unprecedented proportions.
Bloomberg says... the writing appears to be on the wall.
I know I'm going out on a limb.
Things appear good. The economy is stronger than it's been in decades. Unemployment is near 50-year lows. Wages are expanding. Spending is up. Earnings are excellent.
What I have to say will be hard to believe.