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 benefits. Show all posts
Showing posts with label benefits. Show all posts

Monday, January 9, 2017

To supplement the insolvent trust, Social Security increases the amount of income taxed beginning in 2017

When Social Security was first introduced in 1935, it was sold to the American public as form of retirement insurance that was based similarly to that of private insurance policies.  Ie... you put in a certain amount each pay period and at age 62 or higher, you can begin to collect the proceeds of your 'policy'.

But the reality is that Social Security is little more than a ponzi scheme, and a way for the government to siphon out wealth from its citizens.  In fact, a Supreme Court ruling in the 1960's specifically labeled the program a benefit rather than insurance, and the government has no legal mandate to pay these benefits to individuals who contributed to the program.

Image result for social security is a ponzi scheme
Many people believe that Social Security is an “earned right.” That is, they think that because they have paid Social Security taxes, they are entitled to receive Social Security benefits. The government encourages that belief by referring to Social Security taxes as “contributions,” as in the Federal Insurance Contribution Act. However, in the 1960 case of Fleming v. Nestor, the U.S. Supreme Court ruled that workers have no legally binding contractual rights to their Social Security benefits, and that those benefits can be cut or even eliminated at any time. - Cato Institute
Over time the government has used Social Security as a political carrot, where in the attempt to get re-elected, politicians in 1956 expanded the program to include the disabled and began using monies set aside in the Trust Fund for retirees to pay for it.

Today Social Security is completely bankrupt and insolvent, and if anyone needs proof of this all they have to do is go back to the words of the Secretary of the Treasury Jack Lew who inferred that if Congress didn't pass a new budget and halt a potential government shutdown, then the ability to pay Social Security recipients would be at risk (despite the fact they were still collecting FICA taxes).

Now in 2017, and in a desperate attempt to keep their ponzi scheme going a few more years, Congress is increasing the income level that is taxed by FICA from $118,500 to $127,200.  However, this increase will do little to help the program since the total amount of revenues received from this increase will be minimal.  But what it does is provide the public the illusion that the government is going after the 'rich' to make them pay more, or at least their 'fair share'.

FICA

Prior to the advent of Social Security, people were expected to provide for their own retirements and did so through frugality, sound investment, and reliance upon a currency that would not be devalued much over their lifetimes.  But since none of these things are a part of the American culture today, hundreds of millions of people who barely have $1000 in savings to their name will find it impossible to survive when Social Security finally fails, and all that money they put into the scheme will be for not.

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.

Friday, July 31, 2015

Social Security: We’re from the government, and we’re here to destroy what remains of the program

One of the funniest and perhaps saddest commentaries regarding the ability of the Federal government to either fix or run a financial enterprise is that when Uncle Sam co-opts a business platform, the end result is almost always insolvency, or the need for taxpayer bailouts.  In fact, all one has to do is look at the government’s takeover of mortgage and student loan lenders Fannie Mae and Sallie Mae to see that elected officials and their bureaucracies are so incompetent when it comes to finance and running a business, they quite often spend more money keeping these entities afloat than the value of the business was worth.
So when the American people desperately need their government to solve a problem tied to the future of Social Security, Congress’s new planned solution and predictable outcome should come as no surprise.
In a new piece of legislation called the ‘One Social Security Act’ (HR 3150), Congress is seeking to merge two separate entities under the Social Security Administration into one, thus masking the insolvency of both programs and making your retirement insurance now fully integrated with those receiving benefits as a disabled American.
Read more on this article here...

Friday, February 3, 2012

Unemployment rate drops to 8.3% on 1.2 million workers fall off benefit rolls

For those who wonder how today's BLS job numbers of 243K could be enough to make the unemployment rate fall to 8.3%, we must always look for the seconday fact, ie... the one that the media rarely mentions, and that is, the number of people out of work who fell off the benefit rolls.

Government reports are written to make politcians look good, not to let the public know the actual amount of people unemployed, so when today's jobs report sent jubulence to the markets, few had time initially to see why the rate fell to 8.3%.

It was because 1.2 million people were no longer being counted as looking for work because their unemployment benefits had dried up.

it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. - Zerohedge



Charts courtesy of Bloomberg

So... it must be Obama election time again as the administration gears up to dazzle you with non-brilliance, and try to baffle you with BS.

Friday, October 7, 2011

Americans are relying upon government handouts more now than in anytime in history

Even during the Great Depression, not all Americans benefited from a government handout or program.  With 25% of the nation unemployed, this meant that 75% had paying jobs of one type or another.  The WPA, CCC, and other alphabet agencies, coupled with the new social programs such as FDIC, began the course of American welfare that grew under the Johnson administration, and accelerated in the 90's and 2000's under Republican and Democratics Presidents.

That acceleration has now led the American people to be very close to 50/50 on reliance on the government dole.  In a new report, nearly 49% of all Americans rely upon a government benefit in one form or another.

Nearly half, 48.5%, of the population lived in a household that received some type of government benefit in the first quarter of 2010, according to Census data. Those numbers have risen since the middle of the recession when 44.4% lived households receiving benefits in the third quarter of 2008.

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The share of people relying on government benefits has reached a historic high, in large part from the deep recession and meager recovery, but also because of the expansion of government programs over the years. - Wall Street Journal

This is something that is very discouraging, because as the monetary systems of the global economy start to fail, and the US government neglects to address its skyrocketing national debt.  Nearly half of the 310 million Americans living today will find it hard, or be unable to cope should circumstances cut off the government spigot, and will lead to a more crime and rebellion, such as was seen in the Middle East earlier this year, and in Europe over the economic riots taking place now.