Posted on 05/12/2020 11:23:58 AM PDT by John S Mosby
I know-— first time have ever posted a vanity in more than 20 years on FR. Went ape-crap when i heard the “puff piece” bull crap line in the matter of fact news. It’s in pelousi’s “plan” .... more ornaments on the bankruptcy tree.
To me this is pure... end game Cloward-Piven tactics and strategy. To take away a source of funds that are funded by current employment, to give to the “pandemically” un employed or just merely “impacted”.
Just reading the actuary (whoever that is— the GAO?) account of the “IOUs” being ledger entered as “owed to the Trust” (not at interest and not discussed as to who owes it to the Trust, which is in fact the govt. extending and managing the Trust)... it is beyond the lock box insanity of the GLO-Bull warmer plantation owning chakra boy Gore.
Fiscal footing is terrible now. There are great forces at work to bankrupt us... in my opinion, which is paranoid— it actually is the “system” trying to fix itself— with paper.
Well it might teach a little self responsibility. Want money? Sure thing but you’ll be taking it from yourself, not some unseen future generation. Might teach people that free money ain’t free.
You have no time to find out what you are talking about? Yet you do have time to make an ass of yourself with a useless vanity. If only you Freeped more, you would be better educated.
Proposal: $5,000 Stimulus Check In Exchange For Slightly Delayed Social Security Benefits
Forbes ^ | 05/11/2020 | Shahar Ziv
Posted on 5/12/2020 10:24:04 AM by Responsibility2nd
>>>only stupid leftards think that money grows on trees.
The proposal come from the American Enterprise Institute and Hoover Institution.
Tell you what — have a full case load today. Which is why I was asking those who do have the time. You are wrong in your post— it was NOT this. It was a blip about a “loan” to people not receiving SS benefits.... to borrow from the Trust fund. Sleight of hand.
I do know what I’m talking about. My last case is on the table- so search some more.
What I am talking about WAS NOT what you have posted. No, Sir. That was obviously a sop to current SS beneficiaries being “advanced their benefits-—which is also a VERY bad idea, on its own.
IF I have time, will find the transcript of the radio report— it was not delayed Social Security benefits. It was spoken as a “loan”.
Gotta go, prosecutor is on the phone.
No, the SSTF contains interest bearing T-bills that were purchased using payroll taxes. The SSTF is held as Intragovernmental debt as distinguished from publicly held debt. The public debt is $19 trillion and intragovernmental debt is $5.9 trillion.
This is like a loan my kids get sometimes, becomes a gift.
No problem. Come back anytime you know what you’re talking about.
The Social Security Trust “Fund” consists of IOUs from the Treasury. The only way to use it is to present the bill to the Treasury - which doesn’t have the money.Selling T-bills bearing zero interest is indistinguishable from simply printing dollar bills. Dollar bills are nothing but zero-interest bonds.
I want to correct you about LBJ ... the money had always been taken and spend since F-ingDR’s time. There was never a time when it had not been turned over to the general fund.
There were never funds at all held in reserve. The federal pretended that the holder of the bond and the power of the debt could be one and the same since day one ... keeping double books would get you or I put in jail for trying anything like it.
So what did LBJ spend, you may ask.
Well, how about the imputed value on one set of those double books by ignoring the matching obligation on the other which negated it?
Poetically: he spend the same money TWICE.
Realistically he was just creating money from nothing and inflating the money supply without congressional approval.
He did this by ending the F-ingDR era deception that there was a reserve ... at least going forward ... which had he not turned around and double spent could be described as a reform of sorts.
In the past I’ve noted that under LBJ how inflation started creeping up and only came down again once the black ink on the fraudulent balance book ran down when Reagan was President.
I’m not saying that’s the only reason for double digit inflation (government gobbling up capital when the nation was needing to finally retool as aging industrial plants from the 40s and 50s desperately needed replacing played a role) ... but it had to be a contributing cause.
That’s when Seniors will start reaching out and touching Dems at long range with .308 Count on it !
I’m not sure of the details, but what I thought I heard was 5,000 now and reducing your future checks by 5,000. I know I can get a better rate of return on that 5,000 in the market than I will from the government.
Perhaps this could be the first step towards privatizing the Social Security system. Cloward Piven can work for us if we are willing.
Yes, my point exactly. The details of how the T-Bills are “invested” and thus an “intergovernmental debt” is well- described by kabar. A first ever vanity post in 22 years on FR- learning all this in the middle of a forensic case, and that perspective.
The problem with all this “loaning from the printing press” and book entry ledger switches is that it is predicated on the said “full faith and credit of the US government”, a very Hamiltonian phrase. Hamilton being of a mind that a nation’s ability to borrow (ie. creditworthiness) defines a nation’s wealth. It does not, but rather is the nation’s ability to loan out our wealth— and it is an issue that has divided the country since the Founding. The merchant banking class puts the rest of the country in hock to globalist stock jobbers, and puts all of the smaller American enterprises (farms, commercial small business) at the mercy of their machinations- because it is always “other people’s money”. These deviant actors then cover all this by saying all money is the governments, and not the people’s. Bankers in particular love this constant socialism— they seek it out like vampires. Clickety click. So do mil-industrial-medical complex double and triple dippers. See: New York State, graft and corruption the rest of the country is supposed to PAY for- simply because that’s where they are.
In the case of the supposed 5k “advance” for an interest charge to existing SS recipients (who are only working to the limits of existing tax law alongside receiving and limiting their benefits) and also as an offer to those not enrolled to delay their enrollment: these are both loans— from the imputed “revenue” that does not exist in the “Trust Fund” except in the mist of actuarial algorithms and the MIT graduates who gave us Credit Default Swap Derivatives, in trading worthless mortgage security paper— backed by... nothing.
Have been called an a@@ (by several here who self-identify- they certainly are experts in the behaviour), for learning about yet another “loan”— this time to pandemic impactees who are no where near enrollment for benefits. Loaning money from the same algorithmic “logic”,hidden in the moronic wetbrain pelosi’s botoxian cerebrum’s “bill”.
It’s no surprise that Treasury bonds are “known” in the market as primarily risk-free due to the lack of default risk of the U.S. government. That has been the sobering sales message from the gamesters in the game. No, it is the Chinese Communists who OWN our “paper” which the banking class is ever eager to accept, put lipstick on the chinese communist pigs, and say they are doing it for America. This has to stop, along with allowing the economy to be ruined by these same a@@holes.
Prayers for our intrepid President— he needs our help.For the demons who got us to this point? Well, they are identified by their acts, by who the worthless pieces of crap that they are. Time to clean the Augean Stables, all of us Herculean Patriots. My Cuban-American friends have been at this point of time in their lives before(thanks to Fidel (and.. JimmahCahtah, and LBJ before that). They have a phrase, which cannot repeat here- it’s a version of my tag line.
It’s fitting all this came up yesterday, May 12th— because in 1949 May 12th the Communists lifted the blockade against West Berlin. We beat those communists then, we can beat the Chi-Coms in a far more simple way. Bankrupt.. them, take their money for payment for the attack. Balance the books.
Hey, kabar, meant to thank you for the description of the T-Bill “investment” reminder. Thank you.
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