(06-24-2018 08:21 PM)stinkfist Wrote: (06-24-2018 08:11 PM)THE NC Herd Fan Wrote: As Maxine (Maxi-pad) Waters and other LIBTARDS worry about illegals trying to enter the country aren't given open access there's a far more serious crisis facing US Citizens. For the first time since 1982, Social Security paid more in benefits than collected in taxes. If nothing changes we're at the end of the road. There's no kicking the can anymore, the longer congress waits the larger the crisis and the more drastic the measures needed to fix Social Security. Social Security has always been a ponzi scheme funded with government IOU's in the form of government debt. Now that revenues are not sufficient to pay benefits the fact that all the taxes collected are invested in US debt is going to render the program insolvent unless tax code is changed in increase revenues or investments are changed (not going to happen) to divest of US debt.
this is nothing new......you better hope you're 60 or older today.....
I turn 53 on ZERO's birthday......
why do you thing #costa is a real thingy for me.....
phuck 'em and pray for the #DJTexperiment to be successful......
it's always been a matter of numbers and the 'when' post 'boomer'
one was a dumbarse with numbers if they didn't see that coming.......
#consequenceofcapitalismboysandgirls
and it doesn't mean dick if you like it or not............
From its implementation until 1966-7 Social Security was a Federally mandated savings account for its citizens and not touchable by the U.S. Government. Lyndon Baines Johnson at the behest of the Federal Reserve (who despised that lump sum of untouchable cash because it gave the country a reserve and kept the nation from borrowing from them in the form of loans indicated by the printing of U.S. Federal Reserve notes, instead of Silver Certificates, and a self promissory note called a U.S. Bank note which was free of interest) pushed through social initiatives (The Great Society Program) that borrowed from the principal of the SSI Savings altering the plan from a savings account by the citizens to a quasi tax status. Johnson had long been in the pockets of the corporations that backed the Federal Reserve and they had felt pressed upon by RFK's insistence on removing them from the money supply and disbanding the Federal Reserve System. So for them once RFK was removed as AG following the assassination of his brother they saw three enemies against their interest, political influence through lobby and perks:
1. Any politician who was not in their debt and might actually serve the interest of the people rather than serving theirs.
2. Any cash reserve of the U.S. Government that could be drained meant that they would make money in three ways off of the people.
(a) Through the printing of every dollar in Federal Reserve Notes (Green Seal Bills) because each dollar earned 3 cents per annum in 1964.
(b) Through the push and lobby in Congress for expenditures for their goods and services (Morton Thiokol, McDonald Douglas, Boeing, Chrysler, Bell Helicopter, etc.). Every dollar appropriated from Congress for the purchase of goods made at the corporations backing the Federal Reserve earned them a profit due to the sale and earned them another 3 cents tax for their investment in the Federal Reserve from interest paid by the citizens of the U.S.
© They exchanged their worthless green sealed notes for rolls of silver coin minted by the U.S. Treasury (a true and separate government entity). They then shipped said coin overseas where they could melt it for the silver content and make a profit on the exchange of their notes for 90% silver U.S. coinage.
The latter effort was to force the U.S. Government to abandon the Silver Standard and to quit striking coins that actually held their value by their metal content. They got their wish. In 1965 the Federal Coinage Act was passed removing the silver from circulating U.S. coins (except for a 40% silver half dollar minted from 1965 until 1970).
From the time Kennedy was assassinated until now the national debt of the United States has ballooned during the Federal Reserve era from 205 million to 21 Trillion.
Social Security wasn't government bungling it was organized theft by the Federal Reserve Beginning with one of the biggest social welfare programs in the history of the country (at that time) designed to drain the governments nest egg held in escrow for its citizens. It is interesting because the Constitution essentially incorporates the United States of America and independent entities that we engage in business with may attach our citizens for any unpaid balances. So by law these bastards are enslaving the United States citizens through an onerous debt that they corrupted our representatives to create.
Only 3 presidents since Kennedy have been elected who were not beholden to the Federal Reserve. Jimmy Carter in 1976. His own party tried to make him out to be a incompetent buffoon. Sound familiar. Carter was anything but and I'm a conservative (fiscally). His presidency failed as the Washington thugs working for the Fed on both sides of the aisle did their hatchet job. Ronald Reagan in 1980 was another. He was forced to take an old line plant from a family who had had 3 former presidents in its lineage as a running mate or the Republican party would refuse to endorse him at his own convention. His other option was to take the Warren Commission's Gerald Ford. Reagan chose the former director of the CIA George Herbert Walker Bush. Reagan suffered a wounding at the hands of yet another assassin and after the shooting deference was given to the policies that would become familiar under Bush. Every president after GHWB has been backed by Fed money until this election.
Gee does the Donald Trump story sound familiar to the old Carter people? You bet.
This isn't an accident or poor foresight by politicians. The death of SSI is a deliberate and calculated act foreseen by our founding fathers who once cautioned that the nation should never borrow from outside sources lest they lose their power over the purse strings and suffer the bankrupting of the nation. Our founding fathers had seen this stunt pulled over and over in the rise and fall of sovereign nations in Europe.
The SSI won't be bankrupt until about 2027 or so. I've heard date as late as the 2030's and as early as 2025. They won't quit paying us, they'll just double down on the debt.
What you should be wary of is the Federal Confiscation of Gold mandated by FDR in 1933 to bail out insolvency with the Federal Reserve banks back then. That precedent has been set and is a reason I believe the government decided to mint and sell gold coins to its citizens once again. You will notice each gold coin has a dollar value incused at its minting. A one ounce Gold coin trades for roughly $1270 today, but it clearly says that its value is $50 dollars. Under the Confiscation act in 1933 a $20 gold coin had about $35 worth of gold in it. By confiscating the government issued gold coins the Treasury doubled its value by selling the gold to the Federal Reserve and that helped pay down some of the depression era debt. If they revisited that act today they would give everyone who had a one ounce gold coin confiscated a $50 bill. Then they would sell the gold to offset the national debt. You'll get your social security check right on. But you stand to lose $1220 dollars for each 1 ounce of gold you have. Lovely isn't it. But the government has that right and the precedent upon which to act. And if that doesn't work then your real property could theoretically stand forfeit to the loans to the Federal Government.
We citizens have been walking around in a haze thinking that whatever the government spent wasn't really going to affect you. You've been dead wrong if that was your belief.
In the history of nations nobody calls the note on a super power until that super power is defeated, or until another super power emerges that looks to be stronger, even if untested in war. The Swiss kept loans going to Napoleon right up until Waterloo. While that battle did not end Napoleon's army, it did end its loans. China is working hard today to back its Renminbi with gold. They want World Reserve Status. They realize that if they could force dollars to be exchanged for Renminbi they could control the exchange rate and finish off the U.S. without firing a shot. Fortunately for us our next generation weaponry keeps that threat at bay for now, but the theft of U.S. Military secrets is plain to see. Just Google the next generation of Chinese warplanes and you will think you were looking at ours. That's not an accident.
Now if you take your oath to your country seriously, and I do, we've always been able to identify our foreign enemies. What about the domestic ones? We promised to defend our country against both. But like Pogo I'm afraid "we have met the enemy and he is us!"
for that....
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