Posted on 10/25/2018 12:08:14 PM PDT by SeekAndFind
All that has to be done is seize 401K money from “the rich”.
Then duck and hide from the bloody retribution that will follow.
“Teachers and other public workers”
If they have to swim in the same investment markets as we do, those investment markets are sure to be better regulated and better for asset purchasers.
It’s time to end pension apartheid.
“Gold, silver, bitcoin.”
You can’t beat the government.
It can take 20 years of one’s work with 20 words of a law.
Oops - I left out Nixon decoupling the currency from gold backing in 1971. This led to unrestrained fiat money worldwide, more economic mess.
Very true. However, I can emigrate with my Satoshis/Bitcoins intact, through an airport, undetected. This cannot be done with PMs.
“will shortly threaten the financial security of both current and retired government workers.”
They’ll still have more financial security than most Social Security recipients.
M2 ball 168gr Black tip armor piercing.
Obama’s solution was:
1. make inflation 4 to 5%
2. officially pretend inflation was 1 to 2%
Here’s how you solve this crisis and make America 100 times more solvent than any other country. Get rid of medical insurance companies and go to direct pay for services, no middle man at all. That is the solution.
stop paying out govt pensions until at least age 62 ...
while we're at it, for SS, pay everybody every single dollar back that they paid in, but after that its all indexed to your income so if you're collecting your big fat obscene govt pension you won't be getting any more SS....
and stop paying illegals anymore SS and stop sending billions to mexico for the "children" or mexicans working here..
Cut welfare AND close the border. No benefits to illegals. None.
History repeats. How has this been handled before? How are we currently handling?
Ongoing-the Fed prints money and the purchasing power of the dollar decreases. In my lifetime, the value of the dollar has been reduced by 98% at least. Anyone remember when a 3 cent stamp was used to mail a letter? This helps debtors.
Source for below statements-James Rickards-Financial Advisor to DOD:
1978-US$ nearly ceased to be reserve currency-US Treasury issued bonds denominated in Swiss Francs.
1977-1981 Inflation was over 50% in 5 years-IMF issued 12.1 billion SDRs to provide liquidity.
1981-1986 Paul Volkner let interest rates climb and inflation was finally under control.
Those are the recent ones-there have been others-one that’s well known is the Roosevelt devaluation of the dollar, to fight deflation. Gold was revalued from $20.67 per oz to $35 per oz.- US$ devalued by 40%.
Hard Assets are necessary in such times-Precious Metals 10-20%, Land - 10-20%, cash 30% are his advice.
I consider food to be a good investment-you have to purchase it at some point, and it’s bound to cost more down the road. I like to buy Silver Eagles as a hedge to pay property taxes should the dollar be revalued.
We grow a lot of our own food. We are now out of debt. Get prepared for the worst, and hope for the best.
If u have weapons and ammo u will take what u need
Correct. The dollar sucks, except when you compare it to all other currencies.
During World War II, Congress introduced payroll withholding and quarterly tax payments with the vote of the Current Tax Payment Act of 1943.Without withholding, government could never have grown so big. I'd be fewer than one out of a thousand people have any clue how much they are paying in state and federal taxes because you get a net paycheck.
We should revert to everybody going to the Paymaster's window on Friday afternoon to collect cash. Then require people to send in quarterly estimated tax payments. The collective national wailing would wake people in Asia and Europe.
Thanks for informing me. I didn’t recognize that, but you are correct. I’ll add it to the list.
“Any solutions in this mental masturbation?”
Privatize it, give 25 cents on the dollar and let the markets handle it.
Just by scanning the text, it was obvious there were several errors. And they are just the ones I quickly noticed, I am sure that there are many more.
1. Medicare is NOT an entitlement. The people that paid into it were to receive it back as a retirement investment that the government was overseeing. Therein lies the problem LBJ and Clinton both raided the money from the SS fund. LBJ used it to fund his social program for the welfare recipients based on the belief that if we support them, they will become outstanding citizens. Instead, it did the opposite, they became dependant on the system thereby becoming dependant on the Democratic party to provide for them for generations to come. Clinton used the SS funds to pay off the national debt. thereby making himself look good.
2. The Dems have made it available to any and all. This makes those that have never paid a dime into it eligible for it. But those of us that are citizens must be eligible to receive it, by working for a certain amount of quarters. If you don’t contribute by working that set time, then you don’t get anything. But those that come to this country are automatically eligible without having to pay into the program. My (very liberal) mother was furious that those that were illegal immigrants were getting more SS than she was, while she worked for decades and contributed to the SS fund, they paid nothing. They have also expanded the program to anyone that has a handicap including minors. They get to double dip the program. Get your child a diagnosis of ADHD, then you get government money every month for them, and then on top of that, the government pays you to care for them. This is in addition to their welfare check.
2. Paul was not thrown into the water, he was thrown in jail. Jonah was thrown overboard at night, to be swallowed by the large fish.
It already has. China now has the world bank. We no longer get the discounts on trade and the politician can no longer authorize the world bank to loan money to us or to themselves.
LOUDER
No bailouts of states by the federal government.
LOUDER
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