The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label bankrupt. Show all posts
Showing posts with label bankrupt. Show all posts

Monday, September 12, 2016

Why invest in gold? Because contrary to popular belief, the government can end the insolvent Social Security at any time

Prior to FDR's creation of Social Security in 1935, people relied upon their families to take care of them in their retirement years.  And in fact, there were no expectations of a 'benevolent government' using the General Welfare clause of the Constitution to do for them what was their responsibility since the beginning of time.

But with the advent of Social Security, the government opened the door to a whole myriad of programs to virtually take care of people from cradle to grave, and has used the power of taxation to force everyone to pay into it whether they wanted to, or even needed to at all.

It is now 80 years later following this momentous act passed during the height of the Great Depression, and because of a combination of Demographics and Congressional greed, the program is insolvent and by some analyst's measures, could be completely bankrupt as early as 2017.  And the real question that has to be asked is, is the government responsible for providing these retirement benefits no matter what, or can they simply dissolve the program at will if they decide they can no longer afford to pay for it?

The answer unfortunately may scare some people, because the question itself was resolved back in the 1950's by the Supreme Court.

Most people see Social Security as a contract between themselves and the government. You pay money into the system, and the system pays it back at a later date—guaranteed by law. 
But nothing could be further from the truth… 
You have no choice when it comes to paying your Social Security tax. It comes out of your paycheck automatically. 
But did you know the government isn’t under the same rigid contract? 
In fact, by ruling of the United States Supreme Court, the federal government is under no obligation to pay you a Social Security check. 
This is the clear precedent set in the case of Flemming v. Nestor
Ephram Nestor was an immigrant from Bulgaria. He moved here in 1918 and paid Social Security taxes from the very beginning of the program in 1936. 
In 1955, when he retired, Nestor began receiving Social Security checks for $55.60 per month. 
But, just one year later, Nestor was deported. Turns out, he’d been an active member of the Communist Party in the 1930s, giving the U.S. government grounds to kick him out. 
When he was deported, his Social Security checks stopped. Nestor sued the U.S. government, arguing that, since he had paid money into the program, he had a right to those benefits. 
The Supreme Court ruled against Nestor, saying the government had the right to terminate Social Security at any time. 
The people who sign the Social Security checks sum it up this way: 
[Nestor] appealed the termination, arguing, among other claims, that promised Social Security benefits were a contract. In its ruling, the Court rejected this argument and established the principle that entitlement to Social Security benefits is not a contractual right. 
Takeaway: You have no contractual right to Social Security. 
That historical precedent means it has the power to cut Social Security anytime it wants. - Casey Research
So while politicians deceive everyone into thinking Social Security is guaranteed to them for the tens of thousands of dollars they have paid in taxes to be eligible for a retirement payout, the truth of the matter is Congress's only obligation is their right to tax you as they see fit, and even to keep on taxing you whether they pay out social security benefits or not.

And it is why nothing has ever changed in life... and it is you and I who are responsible for our own retirement savings programs.

Got gold?

Saturday, October 24, 2015

Got Karatbars? Social Security again at serious risk from U.S. insolvency as Nov. 2 approaches

In the U.S. there are over 46 million Americans on food stamps alone, and over 100 million who rely upon government benefits to some degree.  And with the U.S. coffers approaching insolvency as soon as Nov. 2, tens of millions of Americans who need their social security checks as their primary source of income stand to lose everything if Congress doesn't vote to increase the national debt limit to just under $20 trillion.

The definition of insolvency is having less revenues or assets than you do debt and liabilities.  And with a national debt of at least $18.1 trillion dollars obligated to debt holders like China, Japan, Russia, and even the Federal Reserve itself, this massive liability is much greater than the total annual GDP for the United States, which came in at $17.48 trillion for the year ending 2014.


Yet why is the current debate over raising the national debt for an insolvent country important?  It is because the promises and mandates the U.S. has to its welfare and social security recipients are being held hostage by the Obama administration, and show that these ponzi schemes cannot function on the taxes withheld from everyone's paycheck each month, and instead require new money in the form of debt just to be able to make these monthly payments.
Appearing on "Fox News Sunday," Lew said that "I don't think there are serious people who think the consequences" of being forced by the debt ceiling to miss a payment on the government's obligations "would be minimal." 
Lew warned that missing any payment could cause economic disruptions, and mentioned one negative effect of a debt ceiling delay that up until now the administration has shied away from, namely the possibility that the government could fail to pay the bills of its most popular entitlement programs. 
"What happens if you don't pay millions of people on Social Security? What happens if you don't pay hospitals and health care providers across the country?" Lew asked. - Washington Examiner
So even with a lawful increase to the national debt, the Secretary of the Treasury has already validated by his own words that the money taken out of our income for Social Security is no longer able to pay recipients their monthly checks, and that there is no 'trust' or lockbox holding the proceeds of decades of SSN payments.


Millennials who are now paying into Social Security over the next 30-40 years of their working life will never see their own benefits when they retire, as nearly all mainstream and alternative economists are in agreement that the system will be completely insolvent within 2 to 10 years.  And in fact, because of the massive increase in recipients due to baby boomers retiring over the next 14 years, very soon there will be less than 2 workers paying taxes towards every SSN recipient.

So if logic and economics proves that this ponzi scheme is bankrupt, and is relegated to the government's needing to print trillions of dollars per year just to pay people's promised checks, what options do you have now to protect yourself from an insolvent government program that won't be there when you need it?

One option to look at is with a company called Karatbars.



Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Monday, October 19, 2015

Got Karatbars? Now that the U.S. government is bankrupt, what are your options to protect your wealth?

After the 2008 Credit Crisis came and went, a new set of words entered into the financial dictionary that were created out of artificial interventions made by both the government, and Federal Reserve.  One new set of words in particular to come out of this crisis was Zombie Banks, and they represent financial institutions that were already bankrupt, but not allowed to completely die.

Yet if banks can propped up like the walking dead, can the same be done for an insolvent and bankrupt government?  Well, contrary to all the rhetoric that comes out of Washington and from talking heads at the Fed and on CNBC, the U.S. is one of these new Zombie governments, and although completely insolvent and bankrupt, is being propped up only because they still have dominion over the global reserve currency.
I’ve long-stated that the government of the United States is completely insolvent. And that is a 100% true statement. The government’s own numbers show that official liabilities, including debt held by the public and federal retirement benefits, total $20.7 trillion. Yet the government’s assets, including the value of the entire federal highway system, the national parks, cash balances, etc. totals just over $3 trillion.  
In total, their ‘net worth’ is NEGATIVE $17.7 TRILLION… a level that completely dwarfs the housing crisis. If you include the government’s own estimates of the Social Security shortfall, this number declines to NEGATIVE $60 TRILLION. And it gets worse every year. - Sovereign Man
Click on picture below for audio podcast with Simon Black



In addition to the tens of trillions of dollars in bailouts to the banks after 2008, the U.S. government itself doubled its national debt to the point where it is well over 103% of annual GDP.  And just this morning Treasury Secretary Jack Lew used propaganda against Congress, and even threatened them with 'Dire Warnings' if the Debt Ceiling wasn't raised before Nov. 3.  This alone tells you how desperate the U.S. government is, and where $3.8 trillion annual budgets can no longer even sustain the debt obligations America has to its people, and to the world.



No purely fiat currency system has lasted in the 350 years in which they have been tried, and in just this century alone several nations who had the same fiscal irresponsibility as the U.S. have seen their economies crash, their governments overcome by internal and external threats, and their currencies hyper-inflate into oblivion.  And like those in Germany during the Weimar Republic, who had the wherewithal to hold their savings in gold rather than paper fiat, they not only survived the era of collapse, but came out well ahead such as in the example of the bellhop in a Germany hotel who was given a gold coin as a tip from a wealthy visitor, and where just a few years later, that same bellhop bought that hotel for that same gold coin since gold is the one true form of money that over time withstands any monetary crisis.

It is never too late to protect yourself until it really does become too late.  And if the warnings of 2008 weren't enough for you to realize that the current system of fiat currencies and central banks cannot last, and that the government's own balance sheet numbers validate it is bankrupt and insolvent, then there is nothing that can possibly push you to protect your wealth in the same form of money that has sustained people for 5000 years.

But for those who do see the writing on the wall, yet feel they cannot afford to protect what wealth they have in the high price of gold measured in ounces, there is a solution.

That solution is Karatbars



Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Sunday, July 19, 2015

The epidemic plague of debt and sovereign insolvency is accelerating around the world

When it comes to the financial state of most of the world’s economies, Greece is simply the most popular one right now to discuss within the daily news cycles.  However, since the inoculation given by most central banks after the 2008 credit crisis was to increase debt in an attempt to both recover from recession, and stimulate economic growth, the cure is proving to be much worse than the disease.
Greece has an unsustainable debt that has been conceded to by both the IMF and ECB, but the Southern European nation is just the tip of the iceberg for a growing epidemic of countries that are already insolvent, and carrying so much debt that it is mathematically impossible for them to pay off in this current monetary climate.  In fact, there are at least 24 insolvent and bankrupt nations, with another 14 very close to that same level, that are the tip of the iceberg since there appears to be no end to the debt plague that has engulfed the entire world like a ever growing black hole.
 
Read more on this article here...

Sunday, May 24, 2015

U.S. territory Puerto Rico on verge of bankruptcy as home to the I.R.S. close to bond default

As the mainstream media continues to parrot the faux economic recovery, one important territory within the United States has been absent in the Fed’s artificial growth explosion.  And while Puerto Rico does not figure into the nation’s unemployment and GDP growth numbers, the island protectorate does contain one of the most lucrative government facilities, which of course is the I.R.S.
However, even the private corporation that was setup to backstop the Federal Reserve appears unable to aid in the inevitable default that awaits Puerto Rico, as a coming bond payment due by July 1st threatens to bankrupt the island and perhaps even trigger a cascade of derivatives that are tied to every security in the global economy.
 
Read more on this article here...

Tuesday, May 15, 2012

California: Socialiam works until you run out of other peoples money

California, and its sister state Illinois, are two prime examples of what happens to states when emotional activists gain power, and socialist policies are implemented to drive economies and budgets.  For years, the state of California was not only the most productive state in the union GDP wise, but its the 8th largest GDP in the entire world.

However, with sancutary policies for illegal immigrants, over-regulation to the point where hundreds of thousands of businesses have left the state, environmental regulation which has destroyed a large sector of California's bread basket, and a tax rate that is nearly equivalent to socialist Europe, the spectre of Margaret Thatcher's famous quote has finally entered the scene.

"The problem is with Socialism is that you eventually run out of other people's money."


Picture courtesy of Americaandproud.net

California, and Governor Jerry Brown have finally capitulated as on May 14th, the state government found it necessary to propose billion dollar cuts across the board, after a referendum to increase taxes failed in recent elections.

Hit with a soaring state budget shortfall of $15.7 billion - up from $9.2 billion as recently as January - Governor Brown announced proposals Monday to make $8.3 billion in painful, cross-the-board cuts that quickly elicited outcries from those affected.
Most telling of his predicament, and his strategy, Brown admonished California voters that if they don’t pass his tax-hike initiative in November, $6 billion more will have to come out of budgets for public schools and higher education.
 “We have so much money from the people, and we have so much spending,” the governor said at a press conference in Sacramento before jetting to Los Angeles to release further details. “We can be out of alignment for awhile, but now - given the decade of fiscal disconnect - I’ve committed to right the ship of state and getting it into balance.” - Christian Science Monitor via Yahoo News

California now joins the long list of Democratic and Progressively run cities and states, which have bankrupted its citizens through massive welfare, taxation, and over-regulation.  New Orleans, New Jersey, Illinois, Detroit are just a few municipalities and states that stand on the brink of insolvency, and which for decades refused to even perform a modicum of fiscal responsibilty.

Tuesday, May 1, 2012

Government will run out of money before elections

The great Debt Ceiling debate of 2011 appears to have accomplished little but to maintain the status quo for big spenders in both the Republican and Democratic parties.  In fact, after the political rhetoric of the Super Congress, and cut spending took place over a month last summer, the end result has been an INCREASE in spending, so much so that the government is now expected to run out of money a full month before the Presidential elections.

This after Congress promised the American people that their raising the debt ceiling in 2011 would last until the end of 2012.

Earlier today, the Treasury forecast that in the third and fourth fiscal quarter of 2012 (April-September), the US would need a total of $447 billion in new debt (split $182 billion in Q3 and $265 billion in Q4), bringing the total debt balance to just over $16 trillion by the end of September. While this is a commendable forecast, and one which certainly has provided to alleviate rumors that the US debt ceiling of $16.4 trillion would be breached by the mid/end of September, the chart below shows that it may be just a tad optimistic.

The only problem is that when one superimposes the projected debt issuance with the historical one. ...So maybe someone smarter than us can explain how the trendline of debt issued to date, and the forecasted debt differ by a cumulative $300 billion over the next 5 months? - Zerohedge




Charts courtesy of Zerohedge

Since the Daily Economist already pointed out last month that reliance on government reports equates to misinformation, then the chances that the Obama Administrations Treasury Department actually projecting correct data is simply propaganda.  President Obama has spent more debt in his first 3 years than President Bush did in 8, and this includes paying for 2 wars.

No, the government will be bankrupt (Again) by the end of September, and the question will be, who will be able to use this politically to win the White House in November.

Wednesday, January 4, 2012

US begins 2012 completely bankrupt and within spitting distance of debt ceiling

As 2011 came to a close, the US national debt remained above the countries GDP numbers, validating that the Federal government owes more money than the nation takes in.  That, in no uncertain terms, equates to being bankrupt.

On top of this, the government has blown through the $1 trillion allotted to it by Congress back in August, and is within $14 billion of reaching the mandated debt ceiling once again.


Chart courtest of Zerohedge


At what point does the entire system seize up and default?  That is the question of confidence remaining for the US, the dollar, and the reserve currency.