Private Fraud vs. Public Fraud
In his latest column Ron Paul points out that governments are the biggest perpetrators of fraud on a massive scale. Social Security is just one example of a series of government-run Ponzi schemes that are doomed to collapse. Meanwhile, when confronted with new aspects of the growing crisis, government officials typically react by introducing even more misguided laws and regulations, thereby making the situation even worse. As we watch our prosperity and liberty dwindle away, the best we can hope for is government staying out of the way so we can rebuild the economy under an honest free-market system and return to true financial stability. — tmartin
Government and Fraud
by Ron Paul
Billions of dollars were recently lost in the collapse of Bernie Madoff’s self-described Ponzi scheme, in which too-good-to-be-true returns on investments were not really returns at all, but the funds of defrauded new investors. The pyramid scheme collapsed dramatically when too many clients called in their accounts, and not enough new victims could be found to support these withdrawals. Bernie Madoff was running a blatant fraud operation. Fraud is already illegal, and he will be facing criminal consequences, which is as it should be, and should act as an appropriate deterrent to potential future criminals. But it seems every time someone breaks the law, politicians and pundits decide we need more laws, even though lack of laws was not the problem.
The government itself runs a fraud much bigger than Madoff’s. Our Social Security system is the very definition of a Ponzi, or pyramid scheme. If the government truly had an interest in protecting people’s savings, they would allow people to opt out of Social Security altogether. We would cut wasteful spending, such as our overseas empire, to honor current obligations to seniors, and eventually phase the program out. Instead, as with Enron and Sarbanes Oxley, I expect new, unrelated legislation to be proposed that further damages freedom in the name of protecting us, amidst loud proclamations that they have made the world safe.
Merely passing a law does not fix any problems, just as throwing paper at a recession does not stop it. How can a government so complicit in mandatory public fraud effectively pre-empt private fraud? I see no reason to believe that any new law, or regulatory agency will solve anything. But I do see liberty slipping away every time Congress decides to “do something”. We already have an oversight agency, the SEC, which did a poor job overseeing and preventing this, but does a great job hamstringing honest, productive businesses and driving them overseas.
Total trust in government solutions only creates moral hazard, and amplifies risky behavior. Trust in government got us here. We trusted government to eliminate risk, but it just made risk more creative and dangerous. We trusted the Federal Reserve, a supra-governmental cabal of private banks, to know better than the free market what interest rates should be, and how to stabilize the business cycle, but like a spinning top that loses its balance, it has instead spun the business cycle and the economy wildly out of control.
No governmental activity can negate market forces or nullify the cardinal rule of caveat emptor. Government can however, use our fears against us and promise unrealistic outcomes as a means to consolidate power and erode our liberties. Liberty comes with risk. This is a fact of life. But life without liberty is not much of a life at all.
The only way the American people will get through these difficult times is through our own resilience and ingenuity. At best, the government is irrelevant in finding prosperity again. At worst, government can present a massive obstacle for the economy to overcome. If we do not wise up and rein government back in to its Constitutional limitations, bloated government could be a cumbersome unnecessary weight the economy will continually have to support to stay afloat.
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THE LANGUAGE OF AMERICAS DEATH…
the zionists have dramatized and delayed and made all kinds of
interesting pictures, grabbing as much as they can, and when all is
gotten, they will cry “Debt Forgiveness” whose language in itself
legally implies total consent to their (Federal Reserve) system of government, and total control by them, of you, non-sovereign slave under federal reserve contract….b
Now I know what Obama meant when he said that the top trickle down theory does not work, that it’s always been from the bottom up. It’s all that siphoning of the American people’s money, pensions, retirements, foreclosed home sales (including homeowners equity), profits from car sales, healthcare premiums, mortgages, cap and trade, CO2 taxes, inflation, and anything else they can think of into the bank accounts of the elites at the top.
I think everyone should go to college and get a degree and then spend six months as a bartender and six months as a cabdriver. Then they would really be educated.
People used to have those jobs while going to college. Only certain people get free rides to a college degree.
Nice post. Thanks for sharing these tips.
Interesting..
AUDIT THE FED by Bill Gallagher
Every American whose parents paid into the federal reserve tax and social security system should be wealthy. According to the financiers and tax mongers, money grows, you receive interest on your savings, and perhaps this does happen, but this growth money only seems to be awarded to certain people. And not the people who paid. Only through gross and purposeful mismanagement, read THEFT, has Americas product been subverted to israeli purposes. The old and sick here cannot get decent medical care, the number of homeless grow daily, while the federal reserve brags about the speed and power of its printing presses. AUDIT THE FED! Do it now.
We want to see the exact program that has led us to this state of strife and torture and pain and hate. Lets really see who made off with all of Americas tax dollars. Most people already DO know, because they are not stupid, but for the record, AUDIT THE FED! Show the world and America at large just what happened, and what is continuing to happen under the presidency of israels appointee Barry Sotero, who is more charming than the israeli appointee before him, but just as ignorant of true American ideals.
This country has become some sort of sick and ignorant theocracy (Jefferson warned us it would!), with worship of lords and kings now the norm. This in itself says a lot, this terminology which is being forced on American children from an early age, because, in fact, America was formed to do away with lords and kings, and everything else royal.
George Washington expressly forbid his image on any money because it smacked of royalty. By 1932 the zionists were so in-control of our money they were able to put George Washingtons picture on a coin (1932-us quarter) thereby thumbing their noses at our countries first president and his personal wishes, and also showing their true disdain for American ideals. Just as our traditional tax day (April 15th) is the anniversary of Masada, the zionists have been busy imprinting their sick stinking glamor over most American things. Some say this is a result of the Star of David being taken off Americas coinage during the early 1900’s: whatever it is, one can look back and see the evidence of a covert takeover through our currency if one looks. To make it a permanent public record for posterity, in hopes it can be quelled and kept from happening again, AUDIT THE FED!
The ignorant and lazy religious freaks who have sold out America to lords and kings are all traitors and superstitious mind controlled fools, and not only that, they do their best to push their ignorant unAmerican ways on other people. These types are the main reason israel, and before them the zionist and rothschild banking concerns, were able to subvert America from wealth and freedom into poverty and a police state. The largest union in America is the prison guards union! As well, the vast majority of Americas prisoners are in jail for debt of some type (All pot prisoners are in for not paying a tax!), which is another british institution that has somehow been revived by the israeli moles and their lackeys here. These same thud-brained religious freaks who created the good ol’ boy network in government (the new ss — homeland security etc etc) with their israeli masters have been nurturing the prison industry for a long time now, so they can feed with impunity, and they are rich rich rich. This is just one way americas funds have been subverted, and to know the other ways there is only one thing for it: AUDIT THE FED.
Witness the latest and continuing corporate bail outs and war-for-$ initiated by the treasonous lord lovers of the bush administration. Witness the massive chemical attacks on us since 911, called rain making or drought remediation, but which are really behavior modifying law enforcement and perfect surveillance. Lets AUDIT THE FED and find out what the hell is really going on here, because we all know something is not too good, people are losing their homes by the thousands, and because of the spraying in the sky which has been continual since 911, rain has become sporadic and scanty. It is chilling indeed to realize that Monsanto itself realizes there is much more money in drought then there is in rain, and also that Monsanto has become a large part of our government. The same monsanto family who first became wealthy trading in slaves. The drought and other environmental poisonings this company has created since 911 along with halliburton is as purposeful as the deterioration of our currency…first lets find out the exact perpetrators, let us make a list: AUDIT THE FED.
END the FED !!
Did anyone see the Rep. Hunter on C-Span today……he was discussing the Homeland Secretaries “Assessment”. of whomever criticizes the new/present government polices, may be arrested by any of the police/CIA/FBI !!!! He was very upset by Politano profiling American Christian Constitutional Americans!
Hunter Condemns DHS Report PDF Print
For Immediate Release: April 16, 2009
Washington DC – Congressman Duncan D. Hunter (R-CA) today condemned statements written as part of an assessment by the Department of Homeland Security classifying “disgruntled veterans” as threat to U.S. security and potential recruits for right-wing extremist groups. This report was distributed among law enforcement agencies throughout the country earlier this week.
“I find this report insulting, both as a Member of Congress and a military veteran,” said Congressman Hunter. “It is unconscionable that our men and women in the military, who defend and protect this nation with their lives, should then come home to be called a security threat by some bureaucrat. This report should not be taken seriously and those individuals responsible should be fired and replaced with people who better understand that those who pose a threat to our nation usually don’t risk their lives to defend it.”
for the full U.S. Department of Homeland Security Assessment called (U//FUOU) Rightwing Extremism: Current Economic
and Political Climate Fueling resurgence in Radicalization and Recruitment.
for the complete 10 page report….worth the read…beware and forewarned……Ron Paul and all of us who see through this may be targeted!!!!!!! Whoa!
http://www.fas.org/irp/eprint/rightwing.pdf
I never doubted the holocaust, or the crucifiction, until 911 — thankfully I am dumb no more….here is the probable cause behind American Apathy (If you can handle it):
http://luxefaire.com/devilvision/tableofcontents.html
With the UK confirming two cases of swine flu and the World Health Organization raising its alert level from three to four, the threat does sound quite serious.
I wanted to comment and thank the author, good stuff
Just came across your blog on Google. Interesting post, you bring up a few good things to think about. Good luck with the blog.
Consider what a Corporation is… what it wants… what it is required by its own laws and by its very nature. A corporation is legally a person. It is given the right to be a person (citizen) by of all things the 14th Amendment, with all the rights of a person. Its only purpose… only purpose is to make a quarterly profit for the shareholders. So does anyone really think this “bailout”, “stimulus package” scheme is anything but a possible profit strategy for corporations at the expense of people’s lives, our enviorment, our productivity, & our souls? Yep, this is just business as usual.
Sean:
I think it actually makes me a better teacher. I felt threatened all the time b/c I have children and a mortgage. But now I have enough saved to move on if I want and I know I could walk into another job or a doctoral program if I want. I’ve already told the principal that to me teaching is my primary job, even though it’s not to them.
As a teacher, I do what I want and what I feel is right. For that, I am in trouble… ALL THE TIME
I push my students, make them logical use thinking skills, deductive reasoning, and force them to use their underdeveloped abstract thought processing. They hate it because it takes effort, but they do it for me; I really think it has something to do with my personality, the fact that I extend respect first, and even though I push them… they don’t know it most of the time. It just like reeling in a fish. I give a little, then pull in the slack.
The administrators (not all of course) don’t get it and don’t understand logic, so it’s very difficult to reason with them. I have former junior high math teachers and government teachers evaluating chemistry and forensic science classes. There are former English teachers requiring science teachers to use detailed rubrics. We are evaluated by at several different people multiple times a year, on their own criterion basis with no consistency between them. The only positive reviews I have ever received were from my mentor teacher who actually acted as a student in my class and teaches the same subjects, rather than check boxes on things like: Student examples posted in classroom. Y. N.
For a while, I tried to jump through all their hoops and do X, Y and Z demands, but ends up, I just not in the inner circle, so no matter what, my evaluations are just as low. Even the kids who generally do nothing will respond to me part of the time because they think I’m a trouble-maker (I’m actually just a trouble-attractor).
Our drop-out rate is improving as a whole because, they are just passed on through and they know it. If they fail the TAKS tests, they get private tutoring on public funding until they do. When they are absent or truant, the school looses funding, so they send truant officers to their homes to escort them to school if they have to. If we held them to the same standards as ten years ago, we would still have high drop-out rates because there are some people that are either not capable or do not have the drive or work ethic they need. I do feel that they would respond to some type of vocational training; the way to their progression is not to make them do more (especially if they are not capable).
Change my screen name to trouble.
Well they did all that when I was in high school. People were being put on probation for truency… I think it would make more sense if what I’ve been talking about happened with elementary age students because thats the time they are truely developing. I remember kids starting to become bad smoking pot in the 7th grade. Students here now start doing heroin by the 7th grade, so the problem is developing earlier in their lives. Again its usually happening to those without parent role models. Children latch onto whatever attention comes there way. Thats why we don’t need to get rid of the arts. We need to stop focusing on tests as much and start nurturing more because today kids are seriously lacking that.
The problem is not whether corporate vs government fraud is greater, but that fraud is the solution to whatever problems either faces.
Without looking at that problem, America must be concerned about national collapse, especially without jobs to sustain a tax base.
America cannot borrow itself into oblivion, borrowing first for government, and then for cororate greed.
Whenever governments are granted power to
purchase their own debt, they never fail to do so, eventually destroying
the value of the currency. Political money always fails because free
people eventually reject it. For short periods individual countries can
tell their citizens to use paper, but only at the sacrifice of personal and
economic liberty.
Governments can fool people for a while with paper money, but it’s
inevitable that trust in the money—something absolutely required for
it to serve as a medium of exchange and to allow economic calculation—
will be lost. Governments have power to declare paper to be legal
tender, but they do not have power to make that money trustworthy.
As governments more and more insist on paper alone serving as money,
less and less trust is placed in it.
Confucius says what…
Did Confucius have an opinion on sound money?
“What?” would have been the funnier reply.
If he did, may be we can reanimate him and ask. No one seems to know what our politicians were thinking.
What is sad is that the people demand so much government intervention. According to our constitution, we have to give the people what they want.. We are letting the price of steal, coal, oil, and healthcare overwelm us to the point where we really do need more and more government assistance and central bank intervention to manage our needs. We can’t blame the government for what the people desire, but we can blame what people desire for increasing the size of the government.. Maybe if we opened up the commodity markets, than we wouldn’t need to throw so much money at it and people could handle the bills withought getting the government involved..
We love to involve our Government for all of our misfortune This is completely correct, I have just started paying close attention to Ron Paul, and what you say Sean makes alot of sense. It is time for Americans to become more responsible for our actions and stop blaming our Government, I think there are alot of variables in the scene and there are alot of valid points on all sides These next several years should reveal alot, your view is very valid and I do agree with what you say.
Jeanne
This is a societal problem. No one takes responsibility for their actions. Those who do, tend to end up at blame for what they aren’t responsible for.
People are apathetic. People are vain. The new American dream: “Money for Nothing.” As a teacher I see it every day in children. It is very sad. These “children” (15-18 yrs old) are responsible for nothing. Any problem they have, it’s blamed on the teacher. They believe everything they see on TV with no facts or sources behind them. Hand them evidence, and they don’t believe it if a celebrity’s opinion opposes it.
They like to quote BO’s scholarships for service. I tell them it already exists – it’s called a Work-study scholarship.
This mentality is like a virus. What’s really bad is this was the generation that just voted and there are more of them reaching voting age for the 2010 vote.
I’m pretty sure this has been going on for a while. Children tend to mock what they see and hear on tv. I remember pretending to be bevis and butthead for a year.. The youth is always more liberal and caring as a whole. It’s the adults we have to worry about.. We do have major education issues. 50% of African Americans in dense urban schools are dropping out and 50% of African American’s today are growing up in single parenting. Because of premarital sex and commentment issue’s, 50% of children are growing up without role models and tend to latch onto the first one that comes around.. Mainly fathers wont stick around because they can’t afford to because they didn’t finish their schooling. With the growing population, this problem can only get worse. There will be more future kids without fathers because 50% and counting are dropping out.. We should eliminate “no child left behind.” This is a perfect example of a government program causing harm. We fire teachers who can’t get their children to pass a test, so the teachers teach nothing but the tests and children start becoming bored and stop paying attention. When a teacher teaches nothing but tests, than a majority of the students are lacking visual, auditory, and kinesthetic styles of learning and fail to develop abstract conceptualization.
Actually, the tests that matter for the students are only the final “exit” tests (at least in Texas). They know that. Our tenth grade failure rate was high, until we started offering exemptions for passing the TAKS.
The students know the policies well enough to work the system… they all do. The policies and laws in place remove any accountability and responsibility from them; for the most part, it places them on their teachers. This is even for behavioral problems. When teachers are assaulted, the blame is passed onto them. It happens all the time, no one will accept that it does, and the student has very little repercussion (if they are determined to be an “emotionally disturbed” student or have a diagnosed behavioral problem, they are considered a special education student by law, and there is NO repercussion). When those children are allowed to act poorly in a class with other students, it infects the entire class; by the time they get to high school, it is widespread. Teachers cannot say anything about the “special” students who are a “special case” because it’s against privacy law.
As far as the other modalities of learning, we are required to incorporate them all, teach a highly specified curriculum, review for the TAKS test, and teach them anything necessary ranging from graphing (a fourth grade skill) to fractions (a fourth grade skill) to reading comprehension before we can even begin the subject we are supposed to teach them. We are also required to incorporated multiple intelligence theories (one of which being an athlete as an “intelligence”, not a talent). We have to identify “at risk” students (being those who count more for funding), have individualized strategies for each one, documented. We are required to call home at any point that anyone is failing regardless of progress reports. We are hauled into meetings for failure rates over 15% (overall grades).
As it is teachers are overextended at the high school level. I’m ready to get out and I’m in a “good” school district. I’m confident that I am a good teacher. It’s all the other crap that surrounds us. And yes, a lot of that crap is caused by that piece of… legislation. I teach three different courses, all science, all lab intensive, one of them an AP (college) level course and TX requires us to do labs 40% of lessons. There is no lab aide, I have to prep everything myself. We have the same amount of conference time and pay as a history teacher; less than a coach. On average, I have 25 students per class x 6 classes (and that’s a good year). When I was in school, we had six classes a year in high school and science teachers had two conference periods. Now, there are minimum eight periods a year (seven classes for students, one conference period and a lunch period) (or eight classes a year, one conference a day on block), for a a total of six classes instead of four, or five in a higher populated school. Essentially, they gained extra teachers without hiring anyone. This alone increases a teachers workload.
I talk to teachers who have been teaching for 20+ years at high school level. They all say the same thing. The workload for teachers have increased greatly verses 12-15 years ago. The number of students total have increased, both by class size and because they have to teach more classes. The amount of paperwork required has tripled. The quality of students has decreased drastically over the last ten years (several of them are AP and honors teachers).
I don’t even want my children to go to school here. I can’t afford to be a stay at home… even with an engineer as a husband. A lot of the parents that I have to deal with that do “stay at home” are on some type of government assistance which I would never be able to qualify for (even though I would only accept it if I was in serious need).
Now, these same kids I’ve been referring to are required to have four math and four science credits to graduate. Some of them are not capable and will never be. All we do is drag those with the potential down with them. (Sorry, I know that remark is considered discrimination, but it is the truth.)
Why are private schools “better”: teachers don’t have to do any of this. The students are accountable for their own actions. There are no state tests; only for college entrance.
A lot of those who drop out see no value to education. Just because it may be “culture”, doesn’t mean we have to accept it. To decrease drop out rates: we need to reestablish vocational programs!!! It’s that simple. Give them a trade; a means to support themselves or their family.
People need to stop blaming teachers and stop disrespecting and discrediting teachers all together and START LISTENING TO THEM! It would solve and prevent a lot of problems.
Sorry for ranting. I really should start writing a column.
haha, my mothers a music teacher, we live in texas and i’m an engineer.
you are right that we need vocational programs because students need a reason to want to get an education.
But like you said, teachers take on too much responsibility. My mother says she only gets a 15 min break every day and she does have to teach standardize tests now even in elementry school being a music teacher. The “no child left behind act” is a way to get rid the arts and focus on math and english.. The American Heart Association says that since we have gone away from physical education that children are becoming more obeased… Its also this act that sets the high standard on individual students, or “one size fits all” bc schools are being punished for not raising achievments.
Your right, we need to stop direspecting and discrediting teachers bc we push them to pass all age standardize tests and not even care to let them teach so the students can listen to them.
Our drop out rate is actually improving as a whole, but its getting worse in black urban communities. I was watching bill cosby the other day talk about his new book and black children growing up with single parents. This is the problem, we need to connect with our children for possitive role models especially for children lacking good influences.. The teachers should be themselves and be able to teach what they want best fit to their personality to capture the students attention and will. It’s hard when teachers have to worry about the standardize test all the time.. I’ve had this discussion with my friend getting a degree in child phycology. Actually she is the one who was taught this and got me involved. I do believe everything you say, and also what she says. I think it’s a combination of both really.
You know its sad that 50% of black urban children don’t grow up with a father and role model. It should be the greatest joy and responsibility for a teacher to make that connection with each student. We want our teachers to inspire and make a difference in everyones life or what good or what purpose do they have besides passing some stupid test.. Its not what I learned in school, especially college, that got me where I am. It’s the experience and encouragement that i’ve been through that makes me who I am. If any person doesn’t get the experience they need or encouragement they desire, they will find a new route to life with new simple choices.
I wish all my teachers in high school were like my college teachers. I really didn’t start to enjoy learning until I made it to college. haha I found out from expierence that when you learn, you use 15% more of your brain and it’s really addicting. I took Urbanization, Philosophy and the third level english even though they didn’t count towards my grad plan just because I enjoyed it so much. The greatest question of all time is why are we here and the most well known answer is to learn. What is learning? Its knowledge one recieves from perception. “It is one of the commonest of mistakes to consider that the limit of our power of perception is also the limit of all there is to perceive.” – C.W. Leadbeater. That means we have a greater potential as students and humans than what education has to offer. We just need education to inspire us to become who we are. What we learn in the education we recieve is total bliss.. Thats why we don’t need stupid tests to determine the need for our potential.
Royal Accounting:Royal Accounting:
LABOUR MARKET: Millions of Africans could get the green light to head to Europe in search of jobs
Saturday October 11,2008
By Nick Fagge in Mali
MORE than 50 million African workers are to be invited to Europe in a
far-reaching secretive migration deal, the Daily Express can reveal today.
A controversial taxpayer-funded job centre opened in Mali this
week is just the first step towards promoting free movement of
people in Africa and the EU .
Brussels economists claim Britain and other EU states will need
56 million immigrant workers between them by 2050 to make up for the demographic decline due to falling birth rates and rising death
rates across‚Europe.
The report, by the EU statistical agency Eurostat, warns that vast
numbers of migrants could be needed to meet the shortfall in two years
if Europe is to have a hope of funding the pension and health needs of
its growing elderly population.
It states: Countries with low fertility rates could require a
significant number of immigrants over the coming decades if they want
‚to maintain the existing number of people of working age.
Having sufficient people of working age is vital for the economy
and for tax revenue.
The report, by French MEP Francoise Castex, calls for immigrants to be
given legal rights and access to social welfare provision such ‚as
benefits.
Ms Castex said: It is urgent that member states have a is not
a‚calm approach to immigration. To say ˜yes™, we need
immigration ¦ it ‚new development, we must accept it. The
proposals include the creation of a blue card system, based on
the American green card, that provides full working and welfare
rights…
I agree that the Federal Reserve created some of the problem by trying to control the business cycle. As I see it, the two main causes of the current mess are that corporations, governments and individuals have lived way, way beyond their means and that we have destroyed the structure of our economy. We somehow bought the notion that we can prosper by selling each other cheap foreign manufactured goods and that it is OK if we make little of what we consume. Further, it was decide that we could pay for these goods by utilizing massive amounts of credit. It it amazing to me that our leaders seem to think that we can fix the problem by going more deeply in debt. Thank God the Fed has another .25 point to cut rates – without that we would really be doomed.
Drat, missed the “” over one of those “contributions”. I also realized on re-reading that the SSA scheme has the great advantage that with the deferred nature of the payouts, the scheme can be hidden for generations before the cash-flow-in cannot support the cash-flow-out. Madoff might have made it had he retained all the funds for a generation, just sending statements indicating what he would pay in 40 years instead of paying out much of the new money to satisfy the earlier marks. After all, in our current financial world, those statements alone could be bundled into leveraged derivatives and the marks could be robbing some other misguided souls as Madoff misled them.
Well, you see, some eventually bubble to the top of the pyramid (mortality notwithstanding). Remember that Social Security is not a “current return” scheme, but a “deferred return” is promised. You know, out of the “lock box”. The difference between the two Ponzi schemes was the terms, not the nature. For my generation, the SSA’s Ponzi scheme has begun paying off. If I live to the end of this year, I will have “earned” an annualized return on my “contributions” of 5.5%. I am an engineer and an investor, and believe me, those calculations are correct. But my “return” is done primarily on the backs of the current “contributors” (as you mistakenly define yourself to be).
After all, in my first full-year hit-the-limit payroll (1961, old fart here), I paid in $144. According to one inflation calculator (http://www.westegg.com/inflation/) that $144 would be $988 in 2007 dollars. Maximum contributions are currently $6,621.60. How’s that for a whiff of inflation?
There are two means by which the generation behind me will receive returns of that nature. One is to take it from the incomes of the generation(s) following them. That, and like the assurance that the auto industry “loans” will be paid back, is that they will be paid back in a debased currency (as the SSA pays me now). Any part of that 5.5% which I “earned” which is a true gain in purchasing power is due to the talent of the private sector in lowering prices netted against the destruction of the value of the funds actually paid by the SSA in inflated, debased dollars.
As a famous American president once said, “I feel your pain!”, but I can assure you, that Ponzi would have used Social Security as a model program had he been in business these days.
Mr. Stone,
You are at the bottom of the pyramid.
There is a hint of frustration in your post.
Prattle? Was that a nice way of being disrespectful?
Do some research, without the MSM
No. lol. Reread my post maybe? And check wikipedia? A ponzi scheme analogy regarding Social Security is incorrect?
A ponzi scheme is if I pay in and get money NOW. A ponzi scheme is also if I pay in NOW with the knowledge that I will screw you over NOW. In no way is that what Social Security is.
Unfunded? Probably. Overmanaged? Yeah. ‘How my voting father is screwing me over NOW via his Ponzi Scheme’. Unlikely.
Focus man, focus.
Sorry, my dad read and talked dictionaries, i don’t mean to use words like ‘prattle’ to be an ass.
Regards,
Matt
Hello Ron Paul, et al,
As I understand, a ‘Ponzi Scheme’ is defined as a “a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.”
As you apparently define social security as a ’swindle of a quick return’ where is my return? I’m not really getting pulled in, as a fact I don’t really believe that social security is my legacy.
As well, i’ve been contributing for years and got nothing thus far, how is this a ponzi scheme for anyone not collecting social security as we cannot really ‘pay more social security’?
Should you call it something else, or are you again just jumping on the back of verbiage?
I recall your answer when interviewed on bloomberg RE: Madoff was that “The Fed Needs To Be Investigated For Causing This” or some prattle.
Merry Christmas and Most Regards,
Matt