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The Guy Who Stole All Our Money Now Wants to Steal Our Paycheck, Too
Ben Bernanke has funneled trillions of dollars worth of bailouts, guarantees and sweetheart deals to U.S. (and foreign) banks.
This
money was pickpocketed from you and me, directly (through government
spending) and indirectly (increasing debt costs, future inflation, etc).
Bernanke is now calling for tax increases and raising the possibility of reductions in entitlements such as Medicare and Social Security.
Tax
increases means we keep less from each paycheck. Reduction in services
means that money we've already paid to the government (through social
security, etc.) will now instead be paid to the bankers to service the
U.S. debt.
Isn't that like a guy who stole our money now trying to steal our paycheck, too?
As JR writes:
We
now have the unbelievable spectacle of the banker as the
taxman—Volcker, the banker calling for a VAT tax; Bernanke calling for
a tax hike and the possibility of reductions in Medicare and Social
Security.
At last, the pretense is gone. First
these bankers, posing as national leaders with a mission to rein in
inflation, steal the money from the treasury, debase the currency, game
the debt, and, now, take the lead in asking for more.
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Time for Madame LaFarge to start knitting again......
http://www.youtube.com/watch?v=KrkwgTBrW78
Social Security Trust Fund wants the FED to pay back their IOU's. Is it any suprise that now the IOU's are comming due that the FED wants to default on the Social Security Trust IOU's. So instead of paying the IOU's back they want to reduce Benifits. No suprise there.
What I disagree with is that the FED and Obama seem to have an all out War on the Elderly. Obama wants to reduce end of Life care so Seniors Die early to reduce Medicare Costs and Social Security payments. Plus, the new National Health Care Bill takes a Majority of its funding from Seniors Medicare coverage.
Bernankie on the other hand has substancially hurt Seniors with his zero percent interest rate policy. Any Senior that had $100,000. in the Bank at 4.5% lost about $4,500. a year in interest. This hurts People least able to replace that income. It is also evident to me that with the zero percent policy it is causing Oil to go up as Speculators with lots of Money to throw around. This costs Seniors a lot more just to Heat or Cool their Home.
The real shame of the situation is that the Seniors put their Money into the Social Security Trust fund for over 40 or so years for their Retirement. When I started to put money into the Fund it was touted as your total Retirement income.
Although, the FED wants all Americans to pay the Debt owed to them with interest in perpetium they now want to Default on the IOU's they owe to the Senior Citizens of our Country.
Lao hu pi guo mo bu de.
The Little Men who were the US mandarins in 1913 were full of pride. They tried to tame the tiger. The Little Men try to ride the back of the tiger but now the tiger will eat his masters.
The foolish man seeks his adventure in pursuits he has not mastered. So the Little Men in the US government destroy their country by their silly notions about money. Politicians and lawyers managing a nations wealth makes as much sense as asking butcher to milk your cow. The butcher only knows one thing to do with the cow, does not involve bucket.
You have two choice: you can run from the tiger. You can kill the tiger. The tiger can not be trusted because tiger is always hungry.
How about an old Traffic song:
The man in the suit has just bought a new car from the profit he's made on your dreams
and the percentage you're paying is too high priced while you're living beyond all your means
And it wasn't the bullet that laid him to rest it was the low spark of high heeled boys.
(whatever that means)
From The Low Spark of High Heeled boys
Quality of life in the USA heading south faster than a go-go bar girl's panties.....come live in Thailand!!
I hear they don't want white boys unless they teach English. Place looks nice was thinking of visiting, but less then a fan of their rules for foreigners and property.
Good place to steal recipes. Thai peanut chicken is my favorite.
Bermonkey. Ben Bermonkey.
Bernanke can go fuck a goat.
I dont know, its pretty hard to drill a goat, hell they chew
on tin cans to sharpen there teeth. Sheep a different story.
Talk, talk, talk.
When is it EVER going to become clear that until Bernanke or some of his men behind the curtain are targeted for extinction, that this Rape will go on and on and on?
The rape has been going on since 1934 or earlier. Most people
just havent paid attention that they were getting a royal fucking the last 30 years.
Congressman McFadden
on the Federal Reserve Corporation
Remarks in Congress, 1934
AN ASTOUNDING EXPOSURE
An interesting read.
http://hiwaay.net/~becraft/mcfadden.html
Thanks. I am blown away by the duplicity detailed in the material that you linked. It goes on and on, like this:
"Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.
"These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia, and thus drove a wedge between the allies in World War. They financed Trotsky's passage from New York to Russia so that he might assist in the destruction of the Russian Empire. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky's disposal in one of their branch banks in Sweden so that through him Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun breaking up of American homes and the dispersal of American children. Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any…”
Concerning Social Security, this is the way I understand it but I could be wrong.
They are not guaranteed legally because workers have no contractual or property rights to any benefits whatsoever. In two landmark cases, Flemming v. Nestor and Helvering v. Davis, the U.S. Supreme Court ruled that Social Security taxes are not contributions or savings, but simply taxes, and that Social Security benefits are simply a government spending program, no different than, say, farm price supports. Congress and the president may change, reduce, or even eliminate benefits at any time.
Any American under 50 who expects to received Social Security benefits will be disappointed.
Is it too late to bring back tar and feathering?
During these deflationary times and so long as you've got a job, then you've probably seen a pay increase. Governments hate deflation because they can't tax the increase in purchasing power.
That's pretty lame. In deflation you lose, in inflation you lose. What you might gain in pay you are shedding somewhere else.
Governments are non-existent. Institutions are non-existent. The FED is nonexistent. Corporations are non-existent.
There are genuinely dangerous people making the decisions every day that harm us, sometimes fatally. And I refuse to let them hide behind their organizations' names.
I've been meaning to look up any statutes pertaining to treason. Ultimately, I consider voters (and potential voters) responsible for a disaster that has been decades in the making. However, in my darker moments, I have wonderede if the long-term reckless fiscal behaviour of Congress, with multiple assists from the Executive branch, steeped in corruption, would qualify as treason.
Lux is right. Ultimately is it was we the voters who allowed all of this to happen, mostly by allowing our politicians to spend. The rest (Fed, etc.) just came along to pick up the best cuts...
Treason? No, all of us caused this to happen. Some, however, caused this more than others.
Just say no. Spend less. Buy gold! Stay off the grid (credit cards, bank accounts, etc.) as much as possible.
And prepare for bad times, just to be safer.
Ultimately is it was we the voters who allowed all of this to happen, mostly by allowing our politicians to spend.
That doesn't make it justifiable, acceptable, or even legal. When a legislature enacts measures that are beyond its authority, those measures are void, and the people who enacted them are traitors, will of the voters be damned. The principal activities of this government are looting, and protecting itself from me.
Coinage Act of 1792 makes it pretty clear that anyone who debases US currency is punishable by DEATH. That includes pretty much everyone in sight.
The next step is to raise taxes to levels that force people into foreclosure so that the banks can foreclose and sell their assets to foreigners.
This is an all-out, unapologetic coup. They're no longer even trying to hide criminal behavior. No one in government seems to care.
the worst part is that it is the chinese.
i mean a fucking totalitarian dictatorship.
for what did our ancestors lose their lives?
Hey Madcow,
You are the first person I have seen hint at this. I believe you are right. The politicians in conjunction with the banks will either force people into foreclosure themselves OR...some event will come along that renders the dollar moot and the banks will say something to the effect of "we are no longer transacting business in your worthless currency" and thus take your house/business property/etc---OR they will call the note on any outstanding mortgages due to hyperinflation or as a precursor to it. If you think not, ask yourself these simple questions; Do bankers (and/or) politicians care about the law? Are bankers (and/or) politicians predisposed to do what society thinks is right? (ie live up to their obligation to you as a consumer/citizen?) If you still think they won't call your note--then my friends, it is YOU..yes YOU who has your heads up your third point of contact, and indeed you must extract it or we all shall suffer it.
Taking out your AK or whatever the bleep you have will only get you killed. If the whole block takes out their bleeping AKs then the whole block is dead. This government knows more about killing through brutality than most of us can fathom--and if we can fathom it, then we know that brute force is no option.
The solution? The government parasite must wither on the vine. No more democriminals or rupublicons--the government must go through a lengthy period of attrition or the private citizen will be forced into slavery. If we can't do this, we need to get some shackles and start wearing them now so that when reality whacks us like a 2 by 4 from nowhere--it won't hurt that bad.
They have it back wards , like always.. Cut Taxes , reduce the cost of business. And Tax the hell out of foreign imports.
Stop calling Medicare and SS 'Entitlements'.
These aren't 'entitlements', these are noble, moral circuit breaker social programs people choose to pay into, year after year, in the hope of keeping seniors in cat food and providing bare bones medical services to the poorest of the poor. Charitable social programs like these are the only thing that produces a society worth living in.
TARP/EESA, defense spending and all the rest of the corporate welfare, these are the real 'entitlement' programs we need to gut.
Wait, so I have a choice not to pay into SS? Can you cite me a document? Because you totally wrong, but please post a link to the document allowing us to opt out.
Or are you in the Harry Reid camp where all taxation is voluntary...and if you don't volunteer you get tossed in prison.
+1, and the supremes already ruled it's merely an entitlement program, and we disagree about the "morality" of a coerced inter-generational theft ponzi.
Can anyone explain the difference between the U.S. Social Security program and Bernie Madoff's scheme which landed him in jail and earned him international scorn?
This is an important, and serious point.
The original poster wanted society to act "morally" in support of the aged and infirm. I agree, we should help as individuals, and we can debate the merits of coerced public charity (there are pros and cons).
However, that's NOT Social Security and Medicare -- those do NOT provide the "good" that I concede can be possible from coerced public charity. Rather, those are systems designed to fail, and designed to hurt people: We pay in $4 for every $1 that "helps" someone, and it's a ponzi to ensure a MASSIVE failure for suffering by generations in need.
Social Security and Medicare hurts people, and is the WORST way to HELP those that are unable to help themselves. I also care about providing assistance to hurting individuals in society, and the best way to help the aged and infirm is to ELIMINATE Social Security and Medicare and permit us to actually help people. (On this topic, I have extensive experience.)
Well, the people who defend SSI think they are good, and if anybody defended Madoff he'd admit he's bad.
Madoff didn't hold a gun to his "investors" heads.
Yep and I expect it to be cut far before the bankers are pulled away from the public teat. You think that Uncle Sugar will pay or have their patrons in the insurance companies pay out for old and non productive workers? Sorry they will be killed or allowed to die "for the common good". But don't worry we will still pay those SS taxes and Medicare.
Read Animal Farm. When Boxer got injured he was sold to be turned into glue. That is the mercy we can expect from our government. Work and pay taxes all your life, the moment you cannot work you will be purged.
I was refering to Mr. Burns from the Simpsons who builds a solar screen to block the sun so everybody needs to use electricity from his powerplant all day long :)
The only thing they need to say is "money doesn't make happyness"
Let's see how creative they will be. Here in Europe we have "the window tax", it's a tax on how many windows you house has.
Or the road tax: You pay per mile you drive your car! And because our fuel prices are already SO LOW, only 1,48€/L it means everybody likes it. I pay 250€ a month to get to work thanks to that great tax, another 450€ on fuel and my car downpayment is another 600€/month JUST TO GET TO WORK, SO I CAN PAY MORE TAXES!! But it's oké, it's for the envireronment OR WHATEVER!
But we get free healthcare and stuff, FOR WITCH I PAY 150€ A MONTH, AND ANOTHER 80€ WITCH THEY AUTOMATICLY TAKE FROM MY PAYCHECK!!
On my salary : 52% TAX
and everything I buy : 21% TAX
my investments : 15% TAX
what's not to love about taxes... and still my country IS NUMBER 2 IN ALMOST BANKRUPT COUNTRIES!!!
At least sunshine is still for free...
sudden debt,it aint worth it if you dont have a life. better to be a transient hobo , live on one meal per day and have a sleeping bag .
That way you have a life free to explore the moment and the concious awareness that you are . Fuck money, you dont need it. Grow food or trade.
"At least sunshine is still for free..."
Only because the bankers don't hold title to the sun.
Bankers sell stuff that they don't own every day.
When will people realize that it's rich versus poor, not left versus right anymore? BTW if you're making under 200K a year and 1MM in 'assets', you're poor. You just don't know it yet
This may seem a bit semantic of me, but what the hell. We're all friends here, right?
I take issue with your system of measurement. I have never made more than 100K a year, and I will probably never even approach 1MM in assets, but I consider myself far wealthier than all of the rich people I've ever met. Due to my line of work, I've met more than I care to recount. To a person, the greater their wealth, the more miserably they behaved. Isn't the fact that we have a ZH to begin with evidence enough of the unmitigated havoc the pure pursuit of money begets?
I don't spend 12 to 16 hours a day staring at an algorithm or a trading screen, I've personally done a little, tiny bit of good in the world, and I've set foot in over 65 countries.
I've lived a lot in my ~40 years, and plan on living a lot more. I love my wife and kid, have very few, but very rewarding interpersonal relationships, and don't give one whit how much money is in my bank account.
I'm nimble enough and juuuuust intelligent enough to be adaptable, so I left the U.S. for greener fields (think scenery and experiences, not dollars) two years ago. I have no debt, no credit card balances, no car payment, and no home maintenance costs.
I utter (is typing uttering?) these thoughts only to suggest that we consider an alternate metric for measuring wealth. After all, the reason we're in this mess is that they convinced us we needed to have the same amount of material wealth they seem to "enjoy." I no longer believe that, and am ashamed that I ever participated in this grand, horrible play.
Amen, brother. The one piece we have neglected in our pursuit of our own lives, though, is an active defense against the power-hungry soulless class for whom life means domination of everyone and everything around them.
I have wrestled with that issue for a long, long time. I think the only active defense is to be just that: active. It's our passivity that's gotten us here. Well, that and the television, right?
It really does seem to be an issue of commitment. The unprincipled among us always seem more willing to devote themselves to their nefarious causes, while the rest of us just aren't as dedicated to stopping them.
No, it's good vs evil.
"When will people realize that it's rich versus the rest of us, not left versus right anymore?" There, fixed it for ya.
"When will people realize that it's rich versus poor, not left versus right anymore?"
I suspect you're overreaching, werewolf34.
Since most Ameriturds, or Ameritards, know little or no history, and are normally considered subliterate to illiterate, and don't even understand what a socialist plutocracy is (nor that they actually exist in one), one sees little hope for their future enlightenment.
Two important demographics on Americans: (1)at no point have fewer Americans actually one book per year, yet today we have more American writers and authors of books than ever before; and, (2) at no point in recorded American history have fewer Americans passed math courses, while more Americans than ever before claim to understand the numbers!
Go figure....it's far too difficult for moi!
Sergeant D, great comments.
A socialist plutocracy, I will try to remember that phrase for presentation to friends tomorrow.
And sh!t. I like to read books and do my math.
Touché for the foreign touch at the end!
I would love to see a giant swath of the global population rebel against the banking oligarchy in the most intelligent way. The wholesale abandonment of the banking system via debt repudiation and account closures.
Nothing could send a louder message than most of the world walking away from banks enmass.
Then we welcome the bank holiday, as our money has already been withdrawn.
+ 1 googol