VIDEO - Alan Greenspan On Social Security And Inflation
Flashback - Alan Greenspan on the USS Government Ponzi - Runs 1 minute
Recently discovered clip from Congressional testimony in 2005. Hyperinflation Nation.
“I believe that we should maintain the principles of Social Security, but I think the existing structure is not working. Until we construct a system that creates the savings that are required to build the REAL assets, so that the retirees have REAL goods and services. We don’t have a system that is working. We have one that basically moves cash around and we can guarantee cash benefits as far out and whatever size you like, but we cannot guarantee their purchasing power. Do we have the material goods and services that people will need to consume, not whether or not we pass some hurdle with respect to how legal financing occurs. Financing is a secondary issue and it is a means to create the REAL wealth, not an end into itself.”
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A few more links...
- Justice Dept. and SEC Allow Companies to Investigate Themselves
- UK is concerned about banks that warehouse commodities
- Chrysler, Treasury settle up early
Sep 16, 2011 at 12:04 PM
Reader Comments (5)
U.S. banks still showing aversion to risk, chief Sheila Bair says
http://www.marketwatch.com/story/problem-banks-grow-in-the-first-quarter-fdic-says-2011-05-24
While no one saw her arrive, deep talon marks in her back and sides strongly suggest she was the unwilling passenger of a hungry eagle for some time until being dropped from the sky, the Vancouver Sun reported Monday.
http://www.myfoxny.com/dpps/news/offbeat/eagle-delivers-poodle-to-retirement-home-dpgonc-20110517-ch_13247264
http://whatreallyhappened.com/content/obama-protests-buckingham-palace-london
http://www.noquarterusa.net/blog/2011/08/01/have-the-left-wheels-come-off-the-obama-train/
Ironic isn't it that obama will be the one to start to take social security away
About the social security those thieves can kiss the seniors ass they will sue to collect it, remember it is a debt just like any other creditor. Now if they want to change it for future generations that's another story but they OWE that money they've been stealing from it since that pig LBJ decided to steal from it to fund the Vietnam War. The government OWES seniors more then they do the Chinese and it's unbelievable that people are so dumbed down that they think it is an entitlement, that's complete bullshit people and their employer's funded it and they have a right to get their OWN damn money back.
The TRUTH About Who Really Owns All Of America's Debt
Social Security Trust Fund
Total Holdings of US Treasuries: $2.67 trillion
Percent of US Debt that they own: 19%
Read more: http://www.businessinsider.com/who-owns-us-debt-2011-7#social-security-trust-fund-17#ixzz1Tt3cRwVU
Congressman: Only 'theft' would detour Social Security checks
'That money belongs to retired seniors who spent lives paying into the system'
Read more: Congressman: Only 'theft' would detour Social Security checks http://www.wnd.com/?pageId=324117#ixzz1Tt7QK3h6
Pay Back The Money Borrowed From Social Security
http://www.ourfuture.org/node/66996
Congress has looted that social security money so of course it cannot used to build a wealth system. The money is gone. It was the method to fund all the pork projects.