Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: EBH
Interior minister threatened Wednesday to send in paramilitary police to stop rioting on the fringes of protests against raising the retirement age to 62.

The U.S. Government will attempt the same thing here, because they've looted and robbed very programs they set up.

All while the political elite give themselves pay raises and increase their lottery style government retirement pensions.

8 posted on 10/20/2010 9:34:25 AM PDT by dragnet2
[ Post Reply | Private Reply | To 1 | View Replies ]


To: dragnet2
The US has two choices to avoid economic collapse:
1. Raise taxes to at least 50% of all individual income which will result in a revolution. 2. Reduce all Social Security, Medicare, Medicaid benefits and public employee pensions by a minimum of 25% which will result in riots in the streets worse than any we see in Europe today.

The sad fact is that neither of these actions nor a combination of the two will actually take place.

We are faced with either a mind blowing inflation or total or partial repudiation of both state and national debts which would not be legal but will happen, in any event. We can only hope that after government takes this drastic action it will return to a real asset based currency and bar further artificial creation of money via a Federal Bank.

35 posted on 10/20/2010 4:44:47 PM PDT by brydic1
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson