Financial commentator Addison Wiggin says social security fraud and waste costs American taxpayers an astonishing $38 billion every month.
Elon Musk's DOGE is trying to change this using a fraud-proof technology, and the only way to profit from it is with three “Social Security X” stock picks.
The Teaser
Since becoming law in 1935, Social Security was always a flawed concept.
Addison Wiggin is a cheery fellow, he's authored several books with names like The Demise of the Dollar, Reckoning Day, and Empire of Debt, and founded a “fraternity” that dives deep into the economic, political, and financial problems of our times.
We have previously covered his #1 Uranium Stock – Get Texas Rich? teaser and other financial doomsday presentations, like Jim Woods’ “China Shock” Stocks.
Back to our sunshine and rainbows review.
Social security is flawed because it assumes that the number of people in the labor force will always be greater than the number receiving benefits.
Unfortunately, the demographics say otherwise.
It's not just so-called “experts” saying this.
The Social Security Administration's (SSA) own findings revealed that the number of retired workers is projected to double over the next 50 years, with the ratio of people aged 25-64 to those aged 65 or older reaching 2.2 to 1 by 2054.
Combine this with the long-term trend of retirees living longer and lower birth rates, and benefits simply won't be able to keep up.
However, the good news doesn't stop here.
The infamous Department of Government Efficiency (DOGE) received permission to analyze Social Security payments, and what it found was varying degrees of fraud and waste.
Some say the figure is as high as $38 billion per month, which assumes some 20 million deceased Americans were kept on the government dole after they passed away.
Others dispute this and say that the waste mainly consists of overpayments in 3%, or less, of cases.
Whatever the truth may be, we do know that Elon used his position as the head of DOGE to try and systematize Social Security from a technology standpoint before he unceremoniously resigned.
The primary technology he recommended serves as the foundation of Addison's “Social Security X” picks.
The Pitch
Addison, along with the help of Elon Musk stalker Ian King, whose teasers we are familiar with, have revealed their three picks across a series of reports:
All are complimentary, but only to members of Addison's Grey Swan Investment Fraternity.
Memberships start at $49 for the first three months and continue at $99 quarterly thereafter, with a 30-day money-back guarantee.
The Tech at the Center of Social Security's Upgrade
It turns out that the backbone of America's Social Security system is a rickety old elevator inside an underground cave.
This is no joke, starting in 1960 the SSA began leasing an 80-acre former limestone mine for storage of irreplaceable records.
This is still where the majority of records are kept today, in paper form, maintained by a small army of federal employees.
Almost anything would be an upgrade over this, but Addison says Elon has gone above and beyond, using “a powerful new technology unlike anything we’ve seen before.”
The Future of Record Keeping
A few more hints are given about the tech bringing the SSA out of the digital dark ages:
It's an unhackable digital ledger that instantly ends fraud
This means one thing – blockchain, which was confirmed in the presentation.
Improving the quality and efficiency of government software and IT systems is encoded in the executive order establishing DOGE, and as soon as July 23rd, people will be told to throw their social security cards in the trash.
Replacing it will be a new digital Social Security Number (SSN) that looks like this:
The SSA has confirmed that this is coming, and in Addison's words, “it could trigger the fastest and most extreme wealth wave of the decade.”
I'm not so sure about this, but a few privileged companies are due to receive big federal government contracts to implement the technological upgrades. Let's find out what they are.
Revealing Addison Wiggin's “Social Security X” Picks
Addison's video presentation felt longer than a Martin Scorsese movie.
I'm stretching it a bit, but it was over an hour long, and the clues we did get, didn't come until the end. Here is what we know:
Company #1
- It has already modernized payment systems for Walmart, Netflix, Microsoft, and Citigroup.
- The company's top executives is connected to the Trump administration and just stepped into a government role.
This is Fiserv Inc. (NYSE: FI).
- Walmart and Netflix have partnered with Fiserv to offer pay-by-bank transactions online.
- Fiserv head honcho, Frank Bisignano, was nominated to lead the Social Security Administration.
Company #2
- It is building the new fraud-proof digital Social Security number called the DIV Code.
- The company's shares are currently trading for around $15.
Interestingly, this is a digital asset and not a company, it's Chainlink (LINK).
- Chainlink's blockchain has been proposed as a social security digitization solution going back to 2022.
- LINK currently trades for just under $15.
Company #3
- The AI firm Addison believes will completely rewire the U.S. government. This technology may soon power not just Social Security, but every federal agency.
Not much to go on here, but an article referenced in the video presentation gave it away:
It's Palantir Technologies Inc. (Nasdaq: PLTR), which is the unofficial sponsor of the Trump administration at this point, and this is the exact Wired article that was referenced.
10x your money in 12-24 Months?
Addison's teaser is like a semi-autobiography, some truths mixed with some pure fiction.
The truth is that radical tech upgrades to stodgy old ways of doing things is a tried and true way to make money.
The fantasy part comes in when Addison says that such tech upgrades will “save social security.”
This is wishful thinking and the best we can hope for is to make some extra money from the current system while it's still around.
Do the “Social Security X” picks help us do that?
Fiserv: A decent business with a 16% profit margin and a 12% Return on Equity (ROE). The stock may get a short term boost from an SSA contract, but it's $28 billion debt load will hamper growth, and gobble up free cash flow over the long term.
Chainlink: A rare digital asset with real-world utility. It may be a bargain at $14 considering that the future of finance is on the (block)chain, for which LINK is tailor-made.
Palantir: An incredibly expensive stock, that is likely to get even more expensive over the next few years thanks to it's work with the Trump admin.
Overall, the best price/value play of the bunch is Chainlink, which also has above-average upside.
Quick Recap & Conclusion
- Financial “maverick” Addison Wiggin says Social Security is going digital and the best way to profit from it is with three “Social Security X” picks.
- The Social Security Administration has confirmed that this is coming, and a few privileged companies are due to receive big federal government contracts to implement the tech upgrades.
- Addison, along with the help of Elon Musk watcher Ian King, revealed three picks across a series of reports. These are only available to members of Addison's Grey Swan Investment Fraternity, which costs $49 for the first three months to join, and $99 per quarter thereafter.
- It didn't cost Green Bull readers anything, as we revealed all three “Social Security X” picks for free! They are Fiserv Inc. (NYSE: FI), Chainlink (LINK), and Palantir Technologies Inc. (Nasdaq: PLTR).
- The best price/value play of the bunch is Chainlink, which also has above-average growth potential.
How long do you think Social Security has before it is reformed? Let us know in the comments.