Last century the United States Federal Government enacted a “new” program or in other words…creeping Democracy.
The program forced Americans to put money away for usage in their golden years. It’s pretty easy to see the motivation. The humans at the “top” didn’t think the humans at the “bottom” were smart or responsible enough to save their money.
Yes it really is that easy. Of course this program is called Social Security.
For sake of this column let us accept their premise that some humans simply will not plan for their future.
That after 40 plus years of working they don’t have anything.
They experienced the “Bernanke Wealth Effect” rather than real wealth that creates capital.
Capital like property or “real” estate. After 40 plus years they haven’t a home, a car, cash, bonds, gold, or a hat to hang on the rack. Fortunately Big Brother has been siphoning off a part of their wealth (as well as their employer’s wealth) and holding it in a nice safe place where it will be returned to them at a later date.
All’s well that ends well. Big Brother’s safety net did its job never mind the fact that Big Brother forced it out of you and if you didn’t make it to the Golden Age Big Brother simply kept the money.
Now those of us with any common sense know all the money being extracted from employers and employees (not to mention the sole proprietor who pays both halves) is not being saved or held for us in a nice safe place. It is being used to fund never ending wars, corruption, and bail outs (I’m sorry I said corruption already).
How do we know the money isn’t there?
Barack Obama told us so when he stated “Social Security Checks will not go out if the debt ceiling isn’t raised”.
Some will inquire as to the whereabouts of the money being removed from us right now in the name of Social Security.
See above aforementioned corruption, wars, etc.
Eventually there will come a day when the United States Government cannot raise the debt ceiling anymore. When this happens economic triage will take place. Whomever is in charge will have to make a decision as to importance of items that need to be paid.
On that list is the military and the U.S. bonds already sold or in other words:
National Security and the Full Faith and Credit of the United States.
I know for a fact the powers that be, Republican or Democrat, will pay the bonds first knowing full well if they don’t our currency will probably collapse.
Next will be the military although when this time does arrive I am fairly certain you will see “conscription” take place with those already in the service followed by “emergency” procedures requiring all soldiers to accept whatever means of payment the government chooses.
All Essential Federal Employees will fall under this directive as well. The Non-Essential will be “laid off” until the “crisis” ends. Social Security payments will first be dramatically reduced and then means testing will erase all for some.
This isn’t a worst case scenario. This will happen eventually without massive changes to our systems and every politician and economist in D.C. knows it which brings me to my point of this entire column.
This collection of economic insanity that has already borrowed, spent, and borrowed more money than is ever going to be earned and then taxed, wants to punish, even further, those of us who have been SAVING OUR MONEY for our later years.
Their new goal is to push interest rates lower driving them into negative territory (already happening in parts of Europe) to force Americans to take their money out of our savings accounts and spend it thereby completely negating the entire purpose of Social Security…to save money for our later years.
I don’t care what you look like, believe in, or who you sleep with. When your Congressman or Woman, or House Representative vote to raise the debt ceiling and do not stop the Federal Reserve’s criminality of suppression of interest rates and creation of negative rates while stealing our money (Social Security) that they’ve already spent and then force us to remove our money from banks by penalizing us for SAVING THE MONEY in the first place:
Your Freedom as you know it is at risk.
Whether you want to believe it or not.