Tag Archives: Finance

Global Eight

Posted on 27/10/2011 | Leave a comment

Global Eight
by k. e. leger

they call themselves g-8
most populous states
world’s economy
controlling the way
beyond
what america did create
the united nations
new york base
—worldly matters advocate
health, aid, money
it’s not a debate
inclusion rates
country’s who hate
america to deflate

power does vindicate
selected per-say
separated
—more controlled take
created by france
a coward’s slate
in 1975
what’s there to hide
this now
chosen eight

canada
france
germany
italy
japan
united kingdom
united states
russia

summits to talk
world finance walk

what about america’s law
where the people hold
the powering claw

all this foreign influence
world decisions
their take
arguing
agreeing
all’s fate

world order
do you still
want to debate

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Interesting

Posted on 27/10/2011 | Leave a comment

Interesting, 2011
by k. e. leger

around the corner
a presidential campaign
all seems insane
ignoring obvious
merry-go-round’s
circling game
a magician’s
hand in hat

now you see
now you don’t

who’s the bigger
challenging cat

travel the circuit
wave to a crowd
promises said aloud
norm’s ancient way
for truth—lie debate

all’s the same
—this american campaign
amongst the republican’s honest name

forgotten, simple frame
tricking the human brain

—manipulation
easy psychological claim

pictures
tv

clear—plain

obama’s found a way
saudi arabia’s inventing play

insert moslems
high in american government clay

cripple finances
don’t let them see
what’s real—what’s fake

push a government hand
as hitler did say
medical needs
do take

weaken strength
values—morals

scramble their minds
debates
do create
topics at heart
they’ll concentrate

on with the game
time
to entertain

osama bin laden
george w
chased in vain

elections—
obama’s campaign
sudden capture
furthering
illusion’s train

elite navy seal’s
short-time celebrated fame
without open-view proof
wrapped in cellophane
into the ocean
laden was drained

then a heated flame
seal’s to maim
covered tracks
down from the sky
they did rain

desperation—
iran’s 2012′s flame
islam’s praised ialm
waiting to reign

weak magical trick
time to top it

gaddafi to hang
let’s mix america’s brain
over and over
different game
opened wide
time to entertain

hidden in a pipe
a way to escape

here’s illusion’s cape

now you see
now you don’t

after failed gains
excited moslems
across the sands
democracy we won’t
amercia please help

those once hailing
an early past
americans easily slain

egypt’s public game
for the brotherhood’s reign

obama praised
terrorists controlled terrain
we must be diplomatic
we must see them sane
instead of wanting to hang

this gaddafi game
seems too—
a bit lame

powerful mass killer
disappearing—
protecting his reign
a game
he easily sang

then in a drain
not running
but curled like a soup terrain
from death to burial
american eyes
coveted with lies

obama’s continued campaign
no promises to make
in the american brain
a better way to take

that’s there
his merry-go-round fair
not on his own
could he be so strong
too much
could go wrong
who could help
this clone
he couldn’t do it alone

only a middle eastern power
could hold this tower
only big money
could help this phony

then over here
illusive american game
coveting his beginning frame

home gardens illegal
heavily tax the farmer’s market

the mrs could tame
public attention
on american gardens
a book to mask
what hubby tried to slay
changing the slate
american farmers
—votes to sway

all to entertain
twist the american brain
high burning
psychological flame

no need to strain
it’s all clear—plain

sudden voice’s claim

job-creating plan
remortgage—lower rate
help this struggling land
illusions all the same
government to own
more american homes
taken
through illusion’s game
more private assets
right behind american backs

around
does go
this merry-go-round

two different campaigns

history remains
history maimed

wish-washy brain

as 2012 quickly gains
its days
one by one
will fad
as americans
watch football
play video games
as the romans
all’s the same
play with the brain
—entertain
covet who’s to blame
’til we’re thrown
into a fire’s flame

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Posted in A Writer's World

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Change?

Posted on 25/04/2011 | 3 Comments

post by unknown author (from email)

The puppet kept his promise of change. Here are some of the changes. Are you ready for 4 more years of changes? After two years of the puppet, here’s your change!

January 2009 TODAY

% chg

Source
Avg.. Retail price/gallon gas in U.S. $1.83 $3.104

69.6%

 1
Crude oil, European Brent (barrel) $43.48 $99.02

127.7%

 2
Crude oil, West TX Inter. (barrel) $38.74 $91.38

135.9%

 2
Gold: London (per troy oz.) $853.25 $1,369.50

60.5%

 2
Corn, No.2 yellow, Central IL $3.56 $6.33

78.1%

 2
Soybeans, No. 1 yellow, IL $9.66 $13.75

42.3%

 2
Sugar, cane, raw, world, lb. Fob $13.37 $35.39

164.7%

 2
Unemployment rate, non-farm, overall 7.6% 9.4%

23.7%

 3
Unemployment rate, blacks 12.6% 15.8%

25.4%

 3
Number of unemployed 11,616,000 14,485,000

24.7%

 3
Number of fed. Employees, ex. Military (curr = 12/10 prelim) 2,779,000 2,840,000

2.2%

 3
Real median household income (2008 v 2009) $50,112 $49,777

-0.7%

 4
Number of food stamp recipients (curr = 10/10) 31,983,716 43,200,878

35.1%

 5
Number of unemployment benefit recipients (curr = 12/10) 7,526,598 9,193,838

22.2%

 6
Number of long-term unemployed 2,600,000 6,400,000

146.2%

 3
Poverty rate, individuals (2008 v 2009) 13.2% 14.3%

8.3%

 4
People in poverty in U.S. (2008 v 2009) 39,800,000 43,600,000

9.5%

 4
U.S.. Rank in Economic Freedom World Rankings 5 9

n/a

 10
Present Situation Index (curr = 12/10) 29.9 23.5

-21.4%

 11
Failed banks (curr = 2010 + 2011 to date) 140 164

17.1%

 12
U.S.. Dollar versus Japanese yen exchange rate 89.76 82.03

-8.6%

 2
U.S.. Money supply, M1, in billions (curr = 12/10 prelim) 1,575.1 1,865.7

18.4%

 13
U.S.. Money supply, M2, in billions (curr = 12/10 prelim) 8,310.9 8,852.3

6.5%

 13
National debt, in trillions $10..627 $14..052

32.2%

 14

Just take this last item—In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation’s history. Over 27 times as fast. Metaphorically speaking, if you are driving in the right lane doing 65 MPH and a car rockets past you in the left lane 27 times faster, it would be doing 7,555 MPH! (Over 10 times the speed of sound) No wonder we did not see it!

Sources—(1) U.S. Energy Information Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. of Labor; (7) FHFA; (8) Standard & Poor’s/Case-Shiller; (9) RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC; (13) Federal Reserve; (14) U.S. Treasury

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Posted in U.S. Economics

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Economic Recover: 100% Fake

Posted on 25/04/2011 | Leave a comment

post by Robert Wiedemer, MoneyNews.com

That’s right. The recovery is a fake. It is completely a result of massive increases in government borrowing. The cheerleaders like to tell you that the economy has rebounded. We had government stimulus earlier, but now animal spirits have taken over and it is running on its own. Hah! The recovery is only stimulus.

Let’s look at the numbers—In 2007, the GDP was $14.0 trillion. In 2010, the GDP was $14.6 trillion. That’s a net increase of $600 billion—$600 billion in 3 years is not good, but it is a rebound that is at least slightly above inflation.

Will the Stock Market Plunge 50% (or More)—Taking Your Retirement With It? Click Here

However, let’s compare that to the increase in government borrowing.
  • In 2007, the U.S. government borrowed and spent $163 billion.
  • In 2010, the U.S. government borrowed and spent almost $1.4 trillion.

That’s a net increase of over $1.2 trillion. The entire increase in our GDP can be attributed to the increase in government spending. In fact, the increase in government spending is almost two times the increase in our GDP. That means the economy is doing very poorly indeed. Without massive increases in government borrowing and spending, there would be no recovery at all.

As a final note of how much the U.S. government has increased its borrowing and spending, in February 2011 alone we borrowed and spent $222 billion. That’s almost 40 percent more than in all of 2007.

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Government AAA Rating: Fishy

Posted on 25/04/2011 | Leave a comment

post by Lee Bellinger, publisher of Independent Living [I've been reading about the U.S. debt for a year now and it's strange to see articles like this one below and then watch the news on T.V. Am I the only one seeing the drastic difference here? The T.V. news is constantly reporting that the Wall Street numbers are climbing (in fact a few days ago there were some Wall Street people standing outside their building with clappers celebrating! as reported on CNN). So, who's telling the truth? If you are paying attention, there are swarms of businesses drastically advertising to get your gold. Okay, why would they be doing that if the Wall Street numbers are climbing? Interesting, isn't it, how the news on T.V. and the government seems to be deliberately hiding the reasons why gold is all of a sudden so much in demand! Just a thought.]

Trying to figure out how the U.S. dollar’s swan song is going to play out is among the favorite parlor games among analysts these days. And the truth is, none of us is really smart enough to know! But there are some tantalizing warnings out there for those with the courage to pay attention to the grim realities now unfolding.

The National Inflation Association recently pointed out that the Federal Reserve is buying a whopping 70% of U.S. government debt. This is the most inflationary thing a country can do. But the U.S. feels forced to fill the void left by waning foreign purchases of U.S. debt, which have fallen from 50% of all debt issuance to 30%. So our government is essentially writing and cashing checks to itself.

Last Monday, even the politically compromised Standard and Poor’s credit rating service had no choice but to lower its long-term outlook for U.S. debt from stable to negative. Disturbingly, it still gave Uncle Sam a AAA credit rating, despite the fact that government finances are hanging by a thread and totally dependent on desperation-level money creation to stave off a major cash flow crisis.

This government-debt Ponzi scheme is many years in the making, and readers of my two subscription publications—Independent Living and Money, Metals, and Mining—are well aware of the problems brewing now, the coming storm, and how to protect their wealth from the impending collapse of the dollar.

An important note—S&P only downgraded its outlook, which means it may lower the U.S. AAA rating in the next two years if Congress doesn’t fix its problems. In other words, it’s just a warning!

There’s Something Fishy Going on When
Government Debt Can Maintain AAA Rating

It’s a shame S&P has dragged its feet for years to warn the average citizen of the dangers ahead. Why the lag? Chalk it up to another blatant example of crony capitalism. Should we trust the S&P’s ratings? Remember, during the subprime-mortgage market fiasco, S&P maintained AAA ratings on many mortgage-backed securities up until the day they imploded. Something doesn’t smell right.

Don’t Let Your Guard Down

Behind the curtain of the bond and stock market circus and government newspeak, the smart money globally is shunning U.S. paper, seeing the inflationary destruction ahead.

I hope you’ve been taking to heart the insights we’ve issued for the past two years—long before the S&P’s revised outlook—and are using them to fine tune your own contingency plans. But so many others have issued dire warnings in recent weeks and months—

  • Warren Buffet—”I do not like short-term bonds, and I do not like long-term bonds. And if you push me, I’m sure I don’t like intermediate-term bonds either. I just think it’s a terrible mistake to buy into fixed-dollar investments at these kinds of rates.”
  • Jim Rogers—”Bonds are making a top. They’ll be in a bear market soon.“
  • Bill Gross—Both the world’s top bond fund manager and manager of the world’s largest bond fund, Gross dumped ALL U.S. government debt from his funds’ holdings. He diversified his Total Return fund (PTTDX) into corporate and foreign bonds as well as bond alternatives such as convertibles and preferred equity shares.
  • Robert Zoellick—The World Bank President said last November that gold has become the “yellow elephant in the room.”

The implications for your future purchasing power are dire…

  • China and four other leading high-growth economies, the so-called BRICS economies (Brazil, Russia, India, China, and South Africa), have taken landmark steps toward lowering the importance of the dollar in international financial transactions by moving towards a multi-currency reserve and trading system.
  • It’s highly likely that Japan, one of the largest holders of U.S. Treasuries ($885.9 billion worth) will sell some to fund the rebuilding of its disaster-ravaged economy.
  • China, the biggest buyer of U.S. Treasury securities, trimmed its holdings for a fourth straight month in February.

Good news for sound money advocates and gold and precious metals investments—

  • In March, the Utah state legislature passed the largely symbolic Utah Legal Tender Act, making Utah the first state in recent times to accept gold and silver coins as legal tender. Other states are considering similar legislation in response to the Federal Reserve’s dangerous monetary policy.
  • The UTIMCO endowment, which oversees funds held by the University of Texas System and Texas A&M University exchanged fiat and gold paper investments and took delivery of 6,643 physical gold bars valued at nearly $1 billion. Dallas hedge-fund manager J. Kyle Bass, who helped advise UTIMCO says, “Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services. I look at gold as just another currency that they can’t print any more of.”
  • Even establish mentarian banks are acknowledging the dollar is emerging as a solid alternative to the dollar. In early February J.P. Morgan bank quietly announced it would accept gold as collateral for loans.
  • In November, ICE Futures Europe (Intercontinental Exchanges, Inc.) began to accept gold bullion as initial margin for crude oil and natural gas futures (a big step given that global energy prices have been almost exclusively denominated in dollars).
  • The Wall Street Journal recently noted another sign that the greenback is rapidly losing its credibility—Stock exchanges in Chicago, New York, and Europe have started accepting gold for some trades.
  • Central banks worldwide became net buyers of gold starting in 2009, after more than two decades as net sellers.

Protect yourself from the toxic dollar with a safe-haven portfolio for inflationary times. It should contain a multitude of assets such as precious metals, commodity-related stocks, emerging markets stocks, dividend-paying stocks, and alternative cash cushions found in foreign currencies. To obtain more information on basic strategies and tactics, go here.

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Posted in U.S. Economics

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Another Impeachable Offense Ignored

Posted on 05/04/2011 | Leave a comment

post from Liberty Counsel Mathew Staver, Founder and Chairman Apr. 1, 2011

Tens of thousands of American patriots have joined you in signing the Defend the Constitution Declaration. We want to hand deliver thousands more of these Demand Letters from the American People as soon as possible, but I need your help. Please read my following update, then copy the message and forward it on to 10-20 like-minded patriots. We must stop the subversion of our Constitution.

I know that we are like-minded in the direction the puppet administration is taking our country. Yesterday, Representative Charlie Rangel (D-NY) told CNS News that the puppet did not have constitutional authority to use military force in Libya without congressional approval. When asked if the President’s action is an impeachable offense, Rangel said that Congress would have to make that decision. However, he added that he would “like to believe” members of Congress will closely examine the issue. Unfortunately, Congress is unlikely to seriously look into the issue. It is not politically “expedient” to hold the puppet accountable while his party holds a majority in the United States Senate.

[Is this representing the best interest of the country as a whole or merely the best interest of those in POWER? Don't we elect these individuals to represent our best interest and those of the United States of America? Are we going to continue to let this man abuse our country as HE sees fit? Are we going to continue to let him make US a mockery for the benefit of HIS people?]

Nonetheless, we have the puppet’s and Vice President Biden’s own words in statements calling this type of action unconstitutional when THEY were attacking former President George W. Bush!

There is an unchecked arrogance, even a condescending, elitist mindset evident in the puppet White House. The puppet behaves as though he is somehow above the law! This administration seems to believe that the Constitution is pliable and subject to political expedience. They act as though their insights are greater than our Founding Fathers and the statesmen who gave shape and content to the Constitution!

[Or could it be that he is getting away with advancing his cause as a Moslem? I mean...he DID write about how he REALLY felt in a book before he even ran for office; and like Hitler, it went unnoticed! After all, isn't what he's doing indeed advancing the cause of Islam? Has the Arab world spread its money so much around America that they have literally bought AMERICA? I mean look at Donald Trump who sold American soil to an American Hater (and then bragged about how much money he's made in that ONE transaction instead of thinking about how much DAMAGE he's done to our American foundation—how selfish can one be?), and now says he's going to run for president! What hogwash! How much more of this BS do we have to put up with?]

The puppet administration presumes it is bigger than the presidency. No man is bigger than the office he is elected to hold. Through carefully crafted checks and balances, our Founders made sure that no office holder would be more empowered than the Constitution allowed.

[But those of us trying to defend and protect our country are called grassroot radicals, conservative radicals! It's amazing. I've been defending my position on facebook all morning long. Why am I having to do this? Why has America come down to this? Is it maybe because these Moslem people, who have moved into America in droves, have used their psychology on us so well that Americans don't even realize what they are doing? I mean look around: they are in stores, schools, governments. Take a poll and just see how many Moslems are teaching your children in American universities and claiming to be peaceful to the point of arguing about it. They are in your heads and you can't even tell the difference, but, as they wish, you are bashing your own fellow country men and taking their side without even a thought. They have found a way to completely turn Americans against each other and none of you are seeing it for what it is.

I mean think about it. America has a history of racial issues, and we've come a long way to fix our wrong. This is a personal issue for all Americans, but it has ALWAYS been our problem, our personal black mark. Do you not think those who want to destroy us haven't been paying attention? What better way to cause chaos and get one of their own into our government and leader of the United States of America which would be their golden spike to bring her down, then finding a "black" man to be their puppet! Take a close look at his past history, who he has associated with, what type of experience he's had, what is his voting record, take a good hard look at his speeches, watch his movements as he gives those speeches, watch the "glamor" shows he's put on, go back and write down all his promises to the people, then jot down everything he's done since he's been in office.

Hell, he almost had me convinced. I watched him on Oprah and he stated that he would stop importing foreign cars and he would whole-heartedly rally for American workers. He said he would drill and make America self sufficient again. What has he done: he didn't help the American farmers, he stopped new drilling all together in America but is giving tones of American dollars for Brazil to drill, he's given money to Hamas (terrorist group who hates America), had a Mexican president address congress speaking against one of HIS own States, he's refuse to defend one of HIS own States (remember he took the oath, swearing to defend his country and States), he's gone around the globe criticizing the very country he'd swore an oath to DEFEND, he bailed out banks with tax-payer money, he constantly criticized a former President, he told the world the secrets we used to get information from terrorist and all together halted any information-getting technique we used, top secret information has been leaked out (they blame an internet site!) but this happened after a number of Moslems were hired given top-secret clearance only to be later discovered that they LIED on their applications, he's gone around the world calling a nation founded on Christian values NOT Christian, he rushed a health bill through congress pretty much threatening them (a bill that dictates when you shall die and how, legitimizing abortion, etc), he formed a Council of Governors to keep an eye on "Americans", he called conservatives "gun carrying radicals", he tried to start a race war, he overtook private companies telling them what they can and cannot do, do I have to go own.

He should immediately be impeached by the whole of CONGRESS. The hell with party...he's destroying our country. Then we won't have a need for party! Is that what everyone wants? How about Islam taking over the country (remember their country has been riddled with warfare for so long that they can't drink their own water and there's hardly any grass to grow food...they WANT this country)? How would you feel if some Islamic person along with a truck load of gun-carrying friends decide he likes your land and tells you to leave, or hell, knowing Islam, they would just kill you and any sons you have and take your daughters as their slaves and use them as they see fit and when they get tired of them, they'd just kill them? That's what you are up against! Tell me I'm wrong. I dare you.]

The puppet’s subversion of our Constitution must be stopped! Those colluding with him in Congress, the administration, the federal bureaucracy, State offices, and any other position of public trust must also be held accountable. Liberty Counsel is continuing to demand that elected officials (all of them!) live up to their Oaths of Office—or be FIRED, RECALLED, or IMPEACHED. If you also believe that we, the American People, should demand the proper use of constitutional authority, accountability, transparency, and respect for the rule of law—in short, to defend the Constitution of the United States—then you should immediately sign our Defend the Constitution Declaration!

Click here to read and sign the Defend the Constitution Declaration. When you sign our Defend the Constitution Declaration, we will hand deliver your mandate—along with those of many tens of thousands of your fellow concerned Americans—to your Representative, Senators, and other key congressional leaders. We will also publish your views to government bureaucrats, the media, and anywhere else it is strategically advantageous. I believe we can (and in these circumstances, MUST) immediately deliver 100,000 signed copies of this important Declaration to those who need to be reminded that there are limits on their power!

Get your FREE copy of the Second Edition of our Patriot’s Handbook for signing our Defend the Constitution Declaration. Liberty Counsel’s Patriot’s Handbook of American Liberty is a valuable reference guide that every American should have among his or her personal belongings, and the newly revised edition is even more useful than the original. EVERY citizen should have quick access to the fundamental laws and framework of our nation. The Handbook contains the two great bulwarks of American liberty, the Declaration of Independence and the Constitution of the United States of America, with an invaluable, easy to use index. It also includes a special essay I have written for modern-day patriots like you. I entrust this Handbook to you in the hope that you will Defend the Constitution in accordance with the timeless principles it contains. We are hearing from men and women across the nation that want their children and grandchildren to also have a copy of this valuable reference tool.  When your copy arrives, you will have an opportunity to order as many additional copies as you wish!

 

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Posted in Breaking the Rule of Law

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Obamacare: Cost States $118 Billion

Posted on 07/03/2011 | Leave a comment

post for Newsmax

[This information proves me correct! Does anyone realize how destructive this is? Does anyone see that this puppet is doing whatever he can to break us? Why are your eyes shut? Already the dollar is falling and many places, in the United States, are printing their own money. There are places on the East coast accepting the Euro! In other countries, shops are refusing to take the dollar. Watch the video I have on Argentina. That is happening to us. Americans are in denial! The Jews were in denial, too, and look what happened to them!]

The health-care reform bill passed last year will cost states at least an additional $118.04 billion through 2023 due to their increased Medicaid costs, according to a new congressional report. That’s nearly double the Congressional Budget Office’s recent estimate of $60 billion through 2021.

“The enactment of the Patient Protection and Affordable Care Act in March 2010 was the largest expansion of [Medicaid] since its inception more than 45 years ago,” according to a statement from the House Energy and Commerce Committee and the Senate Finance Committee, which jointly produced the report. “Half of those obtaining healthcare coverage under the new law will get it through Medicaid. The committee report provides a State-by-State analysis of the financial impact the new healthcare law will have on states and demonstrates the unsustainable fiscal burden this new law will foist upon taxpayers.”

The joint congressional report “is the first to provide a comprehensive overview of State government estimates regarding the cost of the Patient Protection and Affordable Care Act to state Medicaid programs,” the report states.

Sen. Orrin Hatch of Utah, the ranking Republican on the Senate Finance Committee, said, “Governors of both political parties were clear when Congress was debating the $2.6 trillion health law that they could not afford a massive expansion in Medicaid. Washington didn’t listen and plowed forward instead by putting 16 million Americans onto the Medicaid rolls to keep the federal price tag down.

“With this report, we see the true cost to states, who are already facing a collective $175 billion budget shortfall, of this unsustainable expansion.”

The report’s State-by-State breakdown shows that California will spend at least another $19.4 billion on Medicaid, and Texas will be forced to spend another $27 billion—more than the program’s entire annual budget today. Obamacare will cost Florida taxpayers $12.9 billion through 2023. Louisiana will have to pay an additional $7 billion; New York, 2.8 billion; and Virginia, $2.2 billion. Even a less populated State, Iowa, will have to take on 100,000 new Medicaid enrollees, and spend an added $250 million.

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Posted in U.S. Economics

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Important! Credit/debit Cards at the Gas Pump

Posted on 26/01/2011 | Leave a comment

post by Clyde Robbins

Using credit/debit card to purchase gasoline? Read this note very carefully. I did not know about the clear button, but I will be pushing the clear button before I swipe my gas or debit card and after just to be safe. People are getting really desperate due to the constantly rising gas prices. A friend just told me about something that happened to one of his coworkers. She used her credit/debit card to purchase gas at the pump (like most of us do). She received her receipt like normal. However, when she checked her statement, there were two $50 charges added in addition to her purchase. Upon investigation, she found out that because she did not press the 'clear' button on the pump, the employee inside the store was able to use her card to purchase his/her own gas! To keep this from happening, after you get your receipt, you must press the 'CLEAR' button or your information will be stored until the next customer inserts their card. Be sure to tell all your friends/family so that this doesn't happen to them! I had never noticed the clear button but I got gas the other day and sure enough it is there. I shall be using it from now on.

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History: Social Security Card

Posted on 26/01/2011 | Leave a comment

post by unknown author

[This information is true! As I write my chapbooks, working through each president, I see where their illusions began. Congress finds a way to get the people to approve the law they want and then, because the people approved it, they decide on their own that they can change it and dictate what "they" want, which only benefits "them." The American public has been fooled many times and because Congress doesn 't openly publish what they pass on the floor, you have no idea that your life is being controlled and laws are being passed without your say-so. In turn, you just accept it as "normal." And, why you do so, Congress is stealing "your" hard-earned money and living high on the hog!]

Just in case some of you young whippersnappers (and some older ones) didn’t know this. It’s easy to check out, if you don’t believe it. Be sure and show it to your kids. They need a little history lesson on what’s what and it doesn’t matter whether you are Democrat or Republican.

Facts are Facts!

Social Security Cards up until the 1980s expressly stated the number and card were not to be used for identification purposes. Since nearly everyone in the United States now has a number, it became convenient to use it anyway and the message was removed. An old Social Security card with the “Not for Identification” message.

Our Social Security

Franklin Roosevelt, a democrat, introduced the Social Security (FICA) Program. He promised—

  • That participation in the program would be completely voluntary.
    • No longer Voluntary

 

  • That the participants would only have to pay 1% of the first $1,400 of their annual incomes into the program.
    • Now 7.65% on the first $90,000

 

  • That the money the participants elected to put into the program would be deducible from their income for tax purposes each year.
    • No longer tax deductible

 

  • That the money the participants put into the independent Trust Fund rather than into the general operating fund, and therefore, would only be used to fund the Social Security Retirement Program, and no other government program.
    • Under Johnson the money was moved to the General Fund and spent

 

  • That the annuity payments to the retirees would never be taxed as income.
    • Under Clinton and Gore up to 85% of your Social Security can be taxed. Since many of us have paid into FICA for years and are now receiving a Social Security check every month—and then finding that we are getting taxed on 85% of the money we paid to the Federal government to put away—you may be interested in the following:

 

  1. Q: Which political party took Social Security from the independent Trust Fund and put it into the General Fund so that Congress could spend it?
    1. A: It was Lyndon Johnson and the democratically controlled House and Senate.
  2. Q: Which political party eliminated the income tax deduction for Social Security (FICA) withholding?
    1. A: The Democratic Party.
  3. Q: Which political party started taxing Social Security annuities?
    1. A: The Democratic Party, with Al Gore casting the tie-breaking deciding vote as President of the Senate, while he was Vice President of the U.S.
  4. Q: Which political party decided to start giving annuity payments to immigrants?
    1. A: That’s right! Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, began to receive Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it!

Then, after violating the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away! And the worst part about it is uninformed citizens believe it!

If enough people receive this, maybe a seed of awareness will be planted and maybe changes will evolve. Maybe not, some Democrats are awfully sure of what isn’t so. But it’s worth a try. How many people can YOU send this to? Actions speak louder than bumper stickers.

And Congress gives themselves 100% retirement for only serving one term!

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Posted in Breaking the Rule of Law

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Inflation: Sinking America

Posted on 23/12/2010 | Leave a comment

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Posted in It's Caught on Video

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