2/18/2005
Tabloid Truths by Bill Bonner
People expect to retire on the equity locked up in their houses. But at any minute, a single word from Japanese or Chinese central bankers would whoosh across America like a tornado, knocking down real estate prices from Santa Monica to South Beach. And Social Security? A forensic accountant could pore over the books for 1,000 years and never find a trace of the cash supposed stashed away for Americans' retirement. It doesn't exist!
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