Why Social Secuity will be cut one way or another (companies, tax)

[Cletus Awreetus-Awrightus]

Originally Posted by mysticaltyger

I see you don't know your history very well. Countries that print money to solve economic problems eventually experience a crash. The crash is coming.

sure, in the long run we're all dead, and the value of the dollar falls to zero.

in the meantime, there's a shortage of dollars circulating in the part of the economy we're talking about, not surplus of them.

[floridasandy]

you might want to read this on bernanke and the fed policies, which i think sums it up nicely:

oftwominds: If Being Totally, Disastrously Wrong Were a Virtue, Bernanke and His Fed Mates Should Be Sainted

[gwynedd1]

Originally Posted by floridasandy

you might want to read this on bernanke and the fed policies, which i think sums it up nicely:

oftwominds: If Being Totally, Disastrously Wrong Were a Virtue, Bernanke and His Fed Mates Should Be Sainted

No doubt about that. A policy of high asset prices basically shifts wealth to the same sort of thing that was worth something 2000 years ago which is the instinct of a their primitive monkey brains, if that is they are not simply evil.

Speaking of shifting risk that is why our banking industry uses assets as a lending vehicle rather than capital which is a transmutation of assets by virtue of human labor very different from the more primitive form of asset. Our banking industry takes the least amount of risk. When even this goes wrong, their political insider-ship insurance takes care of it. Its a parasitic banking system in every possible way.

[jdrtx]

Two words, Ron Paul. You will have one last chance to save this country in 2012.

[gwynedd1]

Originally Posted by jdrtx

Two words, Ron Paul. You will have one last chance to save this country in 2012.

Ron Paul's "hard currency" idea is fraught with peril. You could not even broach the idea without fixed exchange rates and capital controls. Otherwise Gesham's law would leave us all holding 3rd world toilet paper. I could also see lots of financial warfare possibilities driving us inti inflation and deflation with big players and foreign countries. I'd really like to see a country try a "backed" currency on its own with out being effectively worth less as face value, and then what is the point?

He doesn't seem too concerned about fractional reserve banking funding ponzi schemes either.


Though he would be an interesting fly in the ointment, and I would like to see him wipe out all the subsidies.

[pvande55]

If the GOP makes gutting Social Security a plank, expect the Seniors to vote them out of office. It has already been pointed out that eliminating the wage cap would solve 99% of the shortfall. If they want to raise the retirement age for today's six year olds, that is another issue.

[gwynedd1]

Originally Posted by pvande55

If the GOP makes gutting Social Security a plank, expect the Seniors to vote them out of office. It has already been pointed out that eliminating the wage cap would solve 99% of the shortfall. If they want to raise the retirement age for today's six year olds, that is another issue.

There is no revenue problem. Its a transfer payment. Its the work force that is the problem because they have no money, or jobs and lots of debt . Eliminating the wage cap will only suck money from the economy and may make it worse. What does that do for 20 and 30 somethings? Collecting more revenue during debt deflation is basically asking for a depression ASAP.

The time to tax the rich was during boom time especially since many got rich with the ponzi scheme.

This isn't necessarily the way I like it, but this is how our money system works. There is no solvency problem because its not run for profit. Welfare can't go bankrupt.

http://mosler2012.com/wp-content/uploads/2009/03/7deadly.pdf (broken link)

With government deficits we are leaving our debts to our children.

Fact: Collectively, in real terms, there is no such burden. Debt or no debt, our children get to consume whatever they can produce.

Not including foreign debt of course.

[jdrtx]

In my opinion, Rep. Paul is quite concerned with the fractional reserve system.

End The Fed & Consider Outlawing Fractional Reserve Banking

[jdrtx]

Now, after the SS Trust Fund has been decimated, congress has started raiding the Obamacare health fund about three seperate times because the idiot voters allow this.

Hold on folks it's going to get very interesting.

Good luck.

[gwynedd1]

Originally Posted by jdrtx

In my opinion, Rep. Paul is quite concerned with the fractional reserve system.

End The Fed & Consider Outlawing Fractional Reserve Banking

I certainly can't vote for the repulicraps and he would certainly bring attention to some issues.

I wish more people would pay attention to this.

Ron Paul: Yeah, if you put a hundred dollars in the bank today, the bank immediately has $190. No, if you put a $100 in today you have to say it has to stay there for 3 months and then you can loan it out for 3 months. But you don’t expand the money supply. The money supply, the Fed creates a trillion and in a few months it’s nine trillion. And that’s where the distortions come from and of course, everybody loves it when it’s going up because the prices of houses are going up and everything’s happening that seems to please a lot until the correction comes. Politicians love it. You can fight wars that you don’t have to pay for, you can run the welfare state that you don’t have to pay for. So if you believe in limited government, you have to look at monetary policy and decide that you just can’t create money out of thin air. That is the culprit and you can’t solve the problem by regulations.