This Social Security ‘Glitch’ Just SCREWED You | 1461

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 5 April 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, an alarming social security scam is laid bare by Elon Musk and Doge, with former President Trump amplifying concerns. The episode delves into the astonishing waste and fraud within the Social Security system, revealing millions of fictitious entries in the database. With claims that the U.S. could be losing $500 billion annually to this fraud, Matt discusses the implications for the retirement system and those who depend on it, like Dave. Despite government assurances, the episode questions whether significant reform can be accomplished. Finally, it pivots to financial independence strategies, emphasizing the importance of controlling one’s financial future amidst systemic instability. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terio Media.
0:04.0	Hey, strap in!
0:07.0	It's time for the epic real estate investing show.
0:10.0	We'll be your guides as we navigate the housing market, the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair.
0:19.0	If you're looking for some one-on-one help, meet us at rei-aise.com.
0:23.5	Let's go, let's go, let's go, let's go, let's go, let's go, let's go.
0:27.4	Let's go.
0:28.2	Elon Musk and Doge just exposed a social security scam so big, Trump had to get involved.
0:34.9	But the real shock?
0:35.8	The government's response or lack of one.
0:38.5	This just in, Doge volunteer credits Trump for unprecedented effort to curb jaw-dropping
0:44.3	Social Security fraud.
0:45.7	And we are working very hard to stop it.
0:48.2	We're going to.
0:49.0	The government is not efficient.
0:51.5	And there's a lot of waste and fraud.
0:54.2	It is astonishing.
0:55.4	It's mind-blowing.
0:57.1	We routinely encounter wastes of a billion dollars or more, casually.
1:03.7	Yeah, like Elon said, the minimum impulse bit is often a billion dollars.
1:07.3	This isn't fringe conspiracy stuff.
1:09.5	This is Elon Musk's team, digging through the Social Security database and finding millions of entries that flat out don't make sense, or dollars. Let's break this down. According to Doge and confirmed by the government accountability office, the U.S. may be bleeding out $500 billion a year in fraud, and a lot of it is hidden inside
	...

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