****************

By Fat Freddy, August 17 at 5:49 pm

Good assessment of the monetary situation. And just the reason
that the founding fathers did everything they could to keep
private ‘central’ banking out of their/our new country.

How many attempts came and went I don’t know but when the
jekyll island subversion happened and they had the clandestine
plan to run most of congress on home for christmas where the
few remaining traitors to this country in both houses of congress
passed the bill called ‘the federal reserve act of 1913’,  woody
woodpecker wilson would sign it into law as part of his
becoming president.

Not too matter how many real depressions and numerous
recessions have come and gone, there is no reason why the
federal reserve act of 1913 should not be repealed so american
can take care of its own monetary situation.

But, goes without saying, because bribery is considered legal
because it is called lobbying, don’t look for the current or near
future ‘elite’ wannabes, wanting to enrich themselves at the
people’s expense, to harken to the founding fathers idea and
actually repeal said federal reserve act of 1913, ‘thar’s gold in
them thar foggy bottoms swamps’.

But what he hell, climate change is slowly but surely coming
around, just like Nemesis, checking it out and do its thing.

I love every piece of red tape that I have ever had
to cut and miss all the ones that are gone ! ! ! ! !

  Because, outside our lustful resource wars, this nation
had one time the most effiecently run bureauocracy ever
put together.

  Fat Freddy, I love you and your posts, have learned
much from you…...but your Paul solution is not the
answer, it is what went wrong with this country.

John Ellis,

Monetary inflation is responsible for most of the redistribution of wealth from the poor and middle class to the wealthy. You see, real wages never keep pace with real inflation. The first owners of the newly fabricated money, see all of the benefits, at the expense of everyone else down the line.  It’s really a very simple concept that was created by the wealthy, like JP Morgan and JD Rockefeller. They were the ones who were present at the secret Jekyll Island meeting, that laid the foundation for the Federal Reserve system.

The very simple concept I mentioned is that, the more that there is of something, the less it is worth. The same holds true for money in a fiat regime. What most people do not understand, is that the loss of value of the currency, or price inflation, always lags the creation of new money. The biggest banks always get the freshly printed money, first. (Technically, the banks themselves can create it, with the backing of the Federal reserve). That new money has the same value as the money currently in the system. That new money is loaned to the most wealthy investors and corporations. The first rule of business is, never use your own money. By the time that money begins to “trickle down” to the rest of the population, it begins to lose its value as price inflation sets in. The devaluation of the currency hurts the poor and the middle class the most, because the wealthy can always go to the banks. The banks have the full backing of the Federal Reserve to be the “lender of last resort” should they become too insolvent. Currently, every bank in the US, and most of the World is technically insolvent.

Here, learn how the government and the banking cartel create money out of thin air:

http://video.google.com/videoplay?docid=6507136891691870450#

Or, you can keep believing these macro economic charlatans like Paul Krugman, who tell people what they want to hear. The left/right dichotomy was created by the people in power to occupy the masses, and prevent them from understanding what is real. The fact of the matter is both parties support the redistribution of wealth through the banking cartels. I fear you, and most of the American population, are the ones living in a fictional world.

And BTW, Fat Freddy (Freekowtski) is fat because he is lazy and stupid, and all he wants to do is lay around on the couch all day, smoke pot, watch TV and eat junk food. See: Fabulous Furry Freak Brothers.

Our whole government has turned into a PONZI scheme.

Social Security at one point was a shining example of good
efficient government…

We, we , we we , we, we,  wrecked it,  with irresponsible
voting for forty years.

The blame is on us.
We have let them take us into any foriegn adventure that
they cared.  Our military budget, which is the root of
our financial problems, feeds the rich and kills the poor
Counting what they disguise in the State Dept. budget
the supplementals, and the over $700 billion in the
annual budget, well over a trillion a year with very little return to the public.
The public has shown time and time again they don’t give
a damn who gets killed, what population gets shock and awe
as long as they don’t have to see it they will support it
for the economy’s sake.  Well, it has wrecked our economy
too, and we are powerless to change it.
We will keep swapping legislatures with our meaningless
vote. Long drawn out votes…a rigged primaries and
expensive general elections. WE’RE SCREWED , get over it.
Have fun voting.! ! ! ! Bad mouth Nader some more..
Put another Obama or Bush in charge.
It ain’t inverted anymore.

Jim Hightower, last week, reported that we are
actually paying BP to clean up the oil mess on the beaches
That all those shovelers we see are prisoners dressed up
in pretty BP ball caps and jeans, not getting a dime.
That is why they passed the 65ft. limit law.

Not only that, BP is getting paid for hiring prisoners.

So if you believe that social security is safe, WOW.
Just who is running the show??

They have changed the “off-budget”,  “on-budget”

law so many times, and the dates it is difficult to

keep up.  They are still using the suplus’ for deficit

reduction, it is hard to tell if that is against the

law or not.  Johnson changed, Nixon changed, Reagon

changed it, Clinton changed…..................
it’s confusing, what is the law is…..
No matter , it was meant to be off-budget.
and apparently there is a whole lot of money missing
that should be there, everyone , and both parties to blame
We no longer have any say so with the UNITED STATES
GOVERNMENT…It is not our government now, it belongs to
the investors that own the debt, and they will make sure
they get theirs.  This was a long process, the debt was
make on purpose, it has been a forty year battle that
we lost because no one was paying any attention.
We are NOT going to vote our way out of this mess.

One would think that by now the age-old hatred of FDR
the man and the programs his administration put in
place would have ended. Not so.

The haters began their crusade to rid the nation of
FDR’s social legacy by terming SS an entitlement, in
other words, welfare.  I suppose that a life
insurance policy, when collected on is welfare?

We can’t leave out Medicare, a vital fund to most of
our elderly.  Thanks to the health-care consortia
(health insurance, doctors, hospitals…) due to
their waste, fraud and abuse Medicare costs the
government between $700 billion and $1 trillion/year. 
(Remember that 7 out of 10 bankruptcies due to health
care costs are filed by people who have/had health
insurance.)

Finally, right off the bat predicting the state of
the economy 25 years from now, actually predicting it
one week from now, is so beyond impossible that any
economist who ventures to do so should take up
another line of work.

Good article but, it is incorrect to say:

“Conservatives hate Social Security for ideological reasons: its success undermines their claim that government is always the problem, never the solution”

This contention is inconsistent with the GOP’s love of “Defense” Budget and our deficit spending financed Wars.  Rather, all GOP positions either Maximize Elite Wealth or support Christian “Values”.  These are the core values of the GOP.

So, Krugman is an accountant, now? The problem with most economists, according to Nouriel Roubini, is that they have very little knowledge of financing. In fact, most colleges and universities do not teach finance to economics students even at the PhD level. Anybody who knows finance, understands that Social Security is nothing more than a giant Ponzi scheme. Today’s “new” workers, pay the benefits of yesterday’s old workers. See: Bernie Madoff

But here’s something that an “economist” should understand. The reckless expansion of the money supply debases the value of the dollar. The money that a worker contributes today, will be worth significantly less 20 years from now. There is no system in place to make up the difference. At least, Madoff claimed high returns.

We have no choise but to let them control the debate.
Besides giving away social security while everyone was
drinking the koolaid of the seventies, eighties and
ninties, we gave away the airwaves too. We gave away our
elections, our ecology, and our power.

Those of you that say
“It better be there when I get of age”, just what are you
going to do if it ain’t?  Because there is a very good
chance that it won’t be there.
Has not anyone woke up to just what this country is yet?
Do you still believe they care more about you than they
do for the Injuns on the reservations or those living in
the slum gettos?  Too bad if you do…

A typical Democrat analysis of the problem with
social security.
  I can’t stand Krugman or the NEW YORK TIMES.

For the millionth time…........................

It was a Democratically controlled Congress and A
Republican President (Reagon) that took social security
and put it in with the Annual Federal Budget.
Before that, it was its own entity , that is why it was
funded by a seperate deduction on the pay check. It ran
huge surplus’ every year that the GAO guarded.
Congress and the President salvitated looking at the
surplus’ that it was accumulating, rammed a bill through
congress, and had it made a part of the ANNUAL FEDERAL
BUDGET so they could get their grubby, thieving hands on
the surplus’ plus have the money every year.
  By the time Clinton reached office, not only had they
gone through the surplus’ (Democrat Congress), but we were
in debt still and more
  Now, the people that own our debt, won’t let us take
social security back out of the Annual Federal Budget.
In fact, they are demanding that the government cut back
on the social security payouts so they can get their
debt. We have no control over this, or of our government.
In fact, we have lost all control of our government.
The ones that own our debt , are demanding AUSTERITY,
cuts in social security is one of them.
SAMOSAMO….you will probably get yours, they will
ease some of the Austerity at first, but take it when
you reach 62, don’t wait , because this EASING in of
Austerity isn’t going to be that many years.

KRUGMAN….YOU HAVE ALWAYS BEEN PART OF THE PROBLEM AND
NEVER A SOLUTION…..NOR HAS YOUR PAPER…..........

The president’s Cat Food Commission is on it!  Watch them go, saving the world for the poor, embattled plutocrats.

Thanks, Paul Krugman, for your views on an important issue that is hardly
being discussed.

The math about Social Security sounds complicated but, like some of the other
math in politics and economics, it turns out to be quite simple in many
instances: Those who hold the power and the wealth in this country want to
squeeze every dollar and every drop of blood out of those who work and make
them rich. And those in politics who work for them or are insane (forget about
morality,) want to convince the rest of us that we should accept it because it is
good for us.

“Life expectancy has gone up” is another math game—it has risen for whom
and what’s the quality of the extra years? It’s absurd to think that because some
workers can in principle hold a job beyond 65, it is not a monumental effort
for many to deal with such things as transportation, weather conditions,
diminished energy, an ailing spouse, and often their own medical conditions, in
order to get to work daily.

If Social Security should need additional money at some point, let the
government make it part of the budget. And, if necessary, let the government
collect additional funds from those super profitable businesses and the wealthy
at various levels because those are the prime beneficiaries of labor.  A true
leader would present this openly and clearly to the public in a national address
and not merely leave it to back room negotiations.  A good leader would
enlighten people on this and not just throw figures with endless zeros at them
which they cannot comprehend and makes them think that there is no other solution.
A true leader would educate people about their rights.  But what leaders do we
elect and continue to support? The kind who measure everything, including people’s lives, in
terms of their elections and re-elections.

They need the money to fund the Neo-Con agenda, how can they hope to borrow money without collateral, the country is already skint. These Republicans and hard Line Pro-Israeli Democrats are stealing the lifetime savings of Americans to give to the likes of Goldman Sachs.

****************

I better not have paid into S.S. and Medicare for most of my
employed life to get nothing. Which I should be able to start
collecting in another year or so.

From Krugman:  “Conservatives hate Social Security for ideological reasons: its success undermines their claim that government is always the problem, never the solution. But they receive crucial support from Washington insiders, for whom a declared willingness to cut Social Security has long served as a badge of fiscal seriousness, never mind the arithmetic.

“And neither wing of the anti-Social-Security coalition seems to know or care about the hardship its favorite proposals would cause.”

What is the root of this viciously anti-social, anti-social- security ideology?  This anti-welfare hysteria that hits us in the face before every election, and frequently in between? 

A long time ago some peole established a system that said:  “If you don’t work, you are a slacker and you don’t deserve to eat. Work hard and you will succeed. It’s okay to “game the system” by charging exhorbitant rates of interest and take people’s homes back if they can’t pay their loan.  But if you come to the States to get a job as a field-worker and put your kids in public school or get sick and go to a doctor, you are “gaming the system” and that’s NOT okay.
  It’s a double standard, and it keeps the poor, poor so the rich can get richer. It’s also called “capitalism” and “meritocracy” and “competition” and “American values”.  Hail Columbia!

As the single most successful government program Social Security has to be a target of the radical right, as Mr. Krugman noted.

I simply cannot understand a public willingly going along with the conservatives ( not true conservatives) attempts to scuttle said program. When George the 43rd tried to privatize SS his attempts met with abysmal failure, and rightly so in my opinion. I would expect any effort to weaken or destroy this program to meet the same fate.

Why do we let the Republican and conservative Democrat miscreants control the debate. Their views represent a minority, but their verbal stink controls the airwaves.

Does that tell you something about the people or about who controls the media…or both.