Posted on 04/20/2015 7:07:12 PM PDT by Rusty0604
Yep and there are plenty of Freepers who won’t fight it so long as their Social Security checks keep flowing.
I was thinking about this.
If they go this route then people will start semi-retiring at 50 and consume their resources and then present themselves ready for SS at 62 or 65.
Why wouldn’t they? SS w/b just another welfare program at that point.
I do believe that we are seeing the final stages of ‘kick the can down the road’ economics. From a clinical point of view we need to watch what happens next very carefully. I believe that we will gain a clear view of our own future by doing so.
And perhaps prepare even better for that future.
Wait til the money inflates and people start to starve. This will end badly
Social Security IS already another welfare system to some extent; look at the abuse regarding “disabled” people receiving the supplememtal SS. For the rest of us, it won’t so much be another welfare system as much as a tiered system (like college financial aid) to give more to some to achieve equal outcomes.
With the inflation I expect to see, keeping money under the mattress isn’t much less foolish, unless it is in a foreign currency.
Go bigger than .22.
Lots of Greeks had their beebers stuned in a major that they’ll never forget. And they’ll never put their money in a bank again.
"While basic governing functions were taken up by very local bodies - or not at all - the nominal central authorities hunted for money. Already on the afternoon of October 25, and multiple times thereafter, Wiaczeyslaw Mezynski, another Polish Bolshevik (normally Russified as Menzhinsky), had taken an armed detachment over to the Russian State Bank. Mezynski, who had for a time worked as a bank teller for Credit Lyonnais in Paris, was the new "people's commissar for finance ministry affairs" - as if there would be no enduring financial commissariat in the new orders, just confiscations.From Stalin: Volume I: Paradoxes of Power, 1878-1928"His actions prompted finance ministry and Russian State Bank personnel to strike. Private banks shut their doors, too, and, when forced by armed threats to reopen, refused to honor checks and drafts from the Bolshevik government. Mezynski finally just robbed the State Bank and laid 5 million rubles on Lenin's table in Smolny. His heist inspired Bolshevik officials - and impostors - to seize more bank holdings.
"Holders of deposit boxes, meanwhile, under threat that their valuables would be confiscated, were compelled to appear for "inventories," but when they showed up with their keys, their valuables were confiscated anyway: foreign currency, gold and silver, jewelry, unset precious stones.
"As of December 1917, bond interest payments (coupons) and stock dividends essentially ended. By January 1918, the Bolsheviks would repudiate all tsarist internal and external state debt, estimated at some 63 billion rubbles - a colossal sum, including about 44 billion rubles in domestic obligations, and 19 billion foreign.
"Whatever the ideological fulminations, they were wholly incapable of servicing the debt. Shock waves hit the international financial system, the ruble was removed from European markets, and Russia was cut off from international financing. The country's financial system ceased to exist. Credit to industry was shut off. A paper money "famine" soon plagued the country."
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