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 social security. Show all posts
Showing posts with label social security. Show all posts

Friday, April 14, 2017

As consumers find themselves broke, a proposal to Congress would sacrifice social security for more money to spend

When 9/11 hit, the Bush administration saw that the terror event could have serious ramifications on the economy as people naturally would pull back on spending out of fear of further geo-political and domestic crises.  And in the wake of this the President not only went on the air encouraging people to spend using the guise of 'Don't let the terrorists win', but he also got Congress to approve a tax rebate to filter billions of dollars into consumer's pockets so they would prime the pump to keep spending.

Then following the 2008 Financial Crisis and subsequent Great Recession, that decade of spending that was additionally fueled by near zero interest rates and a housing bubble which gave homeowners a virtual 'equity checkbook' came to an abrupt halt as job losses, foreclosures, and the realization of massive consumer debt put the economy into its worst environment since the Great Depression.

So the Fed then embarked on a new program called Quantitative Easing where they pumped $10's of trillions of dollars onto Wall Street and the Federal Government to facilitate the creation of not just one asset bubble, but multiple ones in housing, stocks, student loans, automobile loans, and the bond market.  And this provided the illusion of recovery, but only sustainable as long as the increased printing of money did not reach the point of diminishing returns.

But alas, that happened during 2015 where it takes at least $4 new printed dollars to equal $1 new dollar in GDP growth.

As we reach the end of the first quarter of 2017, the data is signalling the tipping point of all of these bubbles, and an end to consumers being able to borrow and spend beyond their means.  Retailers are closing stores and filing for bankruptcies at accelerating rates, and earlier this month credit card debt for Americans crossed over $1 trillion for the first time since prior to the 2008 crash.

So with consumer and government spending making up 80-85% of the nation's GDP, what is left for Congress and/or the Fed to scheme up to keep the economy from 'officially' spinning back towards an ever greater recession than nine years ago?

One proposal suggested by a Congressional lobbyist to legislators would be to cut or eliminate the Social Security tax paid by workers and business owners in favor of getting that money into the pockets of consumers so they can keep the ponzi scheme going for a few more years.

Image result for fed bush economy titanic
President Trump and his Republican colleagues are in a precarious position at the moment. They need to find ways to trim costs, yet not at the expensive of expanding the federal deficit. One idea being floated around Washington by a GOP lobbyist, according to Fox News, is one that would see the payroll tax drastically cut or eliminated entirely. 
In 2015, Social Security generated $920.2 billion in revenue, and the payroll tax accounted for 86.4% of that revenue. The payroll tax, which also funds Medicare, is a 15.3% aggregate tax on earned income. Overall, 12.4% goes to fund Social Security, and 2.9% funds Medicare. However, most workers are only responsible for half of this amount, with their employers covering the remainder. Thus, your responsibility as a worker is often 7.65% of your earned income (6.2% to Social Security and 1.45% to Medicare). Only the self-employed wind up paying the full 15.3%. 
Even then, Social Security's payroll tax has added exemptions. Earned income is taxed between $0.01 and $127,200, as of 2017. Any additional income above and beyond $127,200 is free and clear of taxation, which is a big benefit to the wealthy.
Under the Republican proposal, the payroll tax for Social Security (the aforementioned 12.4% tax) would be eliminated, while the Medicare tax of 2.9% would remain in place. 
Why eliminate this absolutely critical source of funding? Removing the Social Security payroll tax would add $3,100 to the pockets of the average Americans household earning $50,000 a year. Republican lawmakers have long believed that putting money back into the pockets of Americans is the best way to stimulate our consumption-driven economy. - Madison
With the government already borrowing over $1 trillion in deficit spending each year to simply make ends meet, the concept of borrowing the additional difference to cover Social Security payments should the tax be cut or removed from workers is not only in of the realm of possibiities, but has already been done back in the 1990's when President Bill Clinton replaced the $3 trillion cash surplus that was in the Social Security trust fund with U.S. Treasuries (debt) so they could spend the money elsewhere on the way to building the first great bubble, that of the Dot Com variety.

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.

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?

Thursday, August 25, 2016

Retiring Baby Boomers could blow America's pension ponzi schemes wide open

There are a myriad of retirement vehicles out there, with some being run by the government and others being decided by the individuals themselves.  But as we enter into uncharted waters now that the Baby Boomer generation is moving into their retirement life phase, a boiling cauldron of doubt is coming onto the scene...

Could the fiscal insolvency of America's retirement system be completely shattered now that the nation's largest generation in history is about to siphon their money from these ponzi schemes?

Image result for retirements are ponzi schemes

The reason I refer to most retirement plans as ponzi schemes is that by their very nature, they require others to put in money so that those who paid in first can receive their benefits.  And of these, at least two are now virtually insolvent while the others rely upon markets to continue to grow from the input of new money into them as well.

1.  Social Security

Initially, social security was a program created to provide basic incomes to individuals who paid into the system during their working years, and would be compensated from a trust that originally was well funded, and was receiving new monies from those people still working.  But over time the government added new recipients beyond retirees to the program such as the disabled and those who lost family bread winners, and of course over time the nearly $3 trillion in surpluses was stolen by legislators and replaced with debt instruments that have to be paid back by an insolvent government.

And as we saw during the government battle to raise the debt ceiling back in 2013, the Treasury Secretary validated that Social Security was insolvent since it needed borrowed money to pay out beneficiaries.
Treasury Secretary Jack Lew warned Thursday that timely payments to Social Security beneficiaries, veterans, active duty military personnel and Medicare providers would be at risk if Congress does not raise the debt ceiling. - CNN Money
2.  Pensions

Already in 2016 two of the nation's largest pension funds, both public and private, have reported that they are so underfunded that beneficiaries will need to take cuts, or in some cases, see their benefits ended altogether.  And this doesn't include most state pension funds that are now an estimated $2 trillion in the hole.
As the nation’s largest public employee pension plan, CalPERS stands out as the most irresponsible for having failed to prevent government pension spiking and for not forcing their government clients to pay for the spikes. But the pension fund’s $277.2 billion of investments leaves a $144.3 billion unfunded debt to cover 1.6 million state employees and retirees’ pensions, according to CalPERS’ October 31, 2013 report. 
California public employees now enjoy the highest benefits of any state in the nation. To pretend to fund this largess, CalPERS has become the worst “outlier” among public pension plans in using creative accounting to blur their grossly underfunded status. This has allowed its government clients to short-check their annual payment for the nation’s most lucrative pension benefits. - Breitbart
3.  Mutual funds, IRA's, and 401K's

As the Baby Boomers begin moving into their 70's over the next 11 years, the majority of them who hold a mutual funds, IRA, or 401K will soon be required to start selling their assets to pay Uncle Sam their tax obligations.  And this will mean a combination of less money being put into equity markets to prop up stocks, and a shift downward as sellers potentially could outnumber buyers... creating a disastrous scenario where the value of their retirements decline as the stocks they hold diminish in value.

4.  Bonds and Annuities

Ever since central banks embarked upon a policy of zero and now negative interest rates, the return on bonds has not even kept up with the rate of inflation.  Meaning that these former interest bearing yield instruments no longer hold a place in one's retirement portfolio.

Both government and private retirement managers have been able to keep their financial schemes going because there were enough workers that were inputting just enough to keep the system from collapsing completely into insolvency.  But now that the largest generation is ready to stop giving, and change course into taking what they rightfully invested during their working lives, the potential of nearly all retirement programs collapsing is each day becoming a very real probability.

Wednesday, July 27, 2016

Got gold? Congress submits bill to force employers to create a new retirement account for workers since social security is now insolvent

Last week, we wrote here about the fact that the annual Social Security Trustees report showed that the retirement fund had a short fall of $6 trillion dollars, and an overall deficit of $32 trillion.  In essence, this means that Social Security is insolvent and will not be able to pay out benefits to anyone within a few year's time.

So with the fact that Congress had kicked the Social Security can down the road for two decades without doing a thing to fix known deficiencies with the program, and has waited until now when the fund has finally bankrupted itself, what can America's legislative body since we have reached the point where The Stuff has Hit the Fan?

How about create a completely NEW retirement fund from scratch, and make employers pay additional taxes on top of FICA to pay for it.

It was only a few weeks ago that I told you about the government’s annual report on Social Security. 
It was a veritable death sentence for the program. 
The Board of Trustees for Social Security (which includes the US Treasury Secretary) wrote that major parts of the program have already run out of money, and the rest of Social Security will run out of money in the next decade. 
Well, the government has figured out a solution. And it’s genius. 
Two weeks ago a new bill was introduced on the floor of Congress that, just like all the other really dangerous legislation, i.e. USA PATRIOT Act, this bill has a catchy acronym. 
It’s called the SAVE UP Accounts Act, which stands for. . . 
. . . “Secure, Accessible, Valuable, Efficient Universal Pension Accounts Act”. 
In short, SAVE UP mandates certain employers and businesses in the United States, including many small businesses, to start contributing a fixed amount of money per employee into a brand new national retirement fund. 
Based on the contribution requirements and the average wage in the United States (about $50,000 annually), the bill is slapping a 2% wage tax on employers. 
Funny thing, employers are already paying 6.2% to Social Security. 
So an additional 2% tax effectively constitutes a 32% proportional increase. - Sovereign Man
Since employers have already cut many of their worker's hours thanks to Obamacare, and even more over the past six months due to mandatory hikes in minimum wages, what do we think will be the reaction from businesses once this new tax is added to their overhead costs?

And even more, with the nation's largest pension fund (Calpers) admitting to be vastly underfunded, and the largest civilian pension fund (Central States) cutting benefits for all their retirees, isn't it past time that we all took responsibility for our own retirements, and make sure it isn't in paper assets that will be bailed in when the government itself becomes completely insolvent?

Tuesday, July 19, 2016

Got gold? Social security now $32 trillion in the red, with a $6 trillion deficit

Here at the Daily Economist we have written numerous times on the pension shortfalls proliferating municipalities, unions, and state run systems.  But perhaps it is time we look at the most important retirement plan of all, which of course is that of social security.

In the newest 2016 report out by the Social Security Trustees, the fund that already services tens of millions of Americans with a monthly income, and is promised to do the same for hundreds of millions now working in the labor force, is $32 trillion in the red, and in the shorter term has a $6 trillion deficit.

It’s been several weeks since the Social Security Trustees released their 2016 Trustees Report. I’ve been waiting to see if either Donald Trump or Hillary Clinton or anyone in the press core would say a peep about the astounding $6 trillion deficit implied by the Report’s table VI.F1. 
Not a peep. 
As you may know, I’m running for President as a write-in candidate along with my VP choice, UCLA economist, Edward Leamer. We’ll be on the ballot along with the two party candidates if voters simply write Laurence Kotlikoff for President and Edward Leamer for Vice President on the ballot in the space provided. It’s that simple. 
Ed and I are deeply concerned about our country’s fiscal condition, which is grave to say the least. If we don’t address it, we can kiss our children’s economic futures goodbye. 
I’ll get back to the overall picture, but let me tell the press what they will find if they care to do their job and look at Table VI.F1. They will learn that Social Security, according to the system’s own actuaries, is now $32 trillion in the red! The $32 trillion is the present value difference between all the system’s projected future benefit payments less the sum of a) all its projected future taxes and b) its current almost $3 trillion trust fund. 
We economists call this measure Social Security’s infinite horizon fiscal gap. Last year, the Trustees reported a fiscal gap of $26 trillion. So the system’s fiscal gap grew by $6 trillion over the past year, i.e., Social Security ran a $6 trillion deficit! - Forbes
And sadly, this trend of increasing deficits will only get worse as the Baby Boomers move completely into their receiving years for Social Security, and a large portion of Millennials who would normally be starting their careers are either out of work, or in jobs earning barely over minimum wage. And this dilemma of course is not even close enough to provide the revenues to pay for those who now collecting social security, much less sustain it for their own retirement years.

The 2008 financial crisis was a wake-up call, and had given Americans nearly a decade to find new alternative ways to save for their own retirements, and to not have to rely upon insolvent state and federal systems that are themselves bankrupt.  And one of the only ways that this can be achieved, especially if the government soon decides to massively increase taxes to cover the growing deficits, is to get some money into physical gold, which will both protect your wealth, and allow you little or no counter-party risk from insolvent Wall Street or government retirement schemes.

Friday, July 8, 2016

The window is closing for the chance to make your own decisions on your retirement accounts and to buy gold at affordable prices

Back during the 2008 Credit Crisis, one of the first things they did was to freeze money market accounts in the wake of bank failures and a liquidity collapse.  For most people, the money market arena is a playing field that only their brokers deal with, but it is important to retirees who have 401K's, IRA's, and mutual funds because this is where your money goes when you are temporarily out of stocks, bonds, or other paper assets.

Back on June 30, an interesting announcement was made to one sector of the retirement industry as Paychex, a third party company that provides HR, business, and financial services to thousands of companies, reported that they were no longer using money markets as a conduit for individuals and businesses to hold their cash in between payments made towards a worker's chosen retirement account, and similarly, when a worker/customer moves out of equities and into cash within their accounts.  And in this policy change, where is Paychex now going to move money to store on a temporary basis?

U.S. government bonds.
I received a document from Paychex today which is the administrator of one of my 401K accounts… and they informed me that they are going to move all cash in NON-government ‘Federated CASH Obligation’ money market accounts to ‘Federated Government Obligations‘… 
Since my 401K money is invested in three different precious metals funds this announcement does not affect me, however it will impact many other unsuspecting would-be retirees who falsely believe that their money is “safe” and “liquid” in a money market account. This is the slippery slope into government forcing account holders to invest in government debt (Treasuries), and it’s exactly what we’ve been warning about. As for me, I’m going to roll that particular account over and away from the control of Paychex. - Silver Doctors via SGT Report

The Federal government has been planning to try to confiscate Americans retirement accounts for some time now, and move them directly into U.S. Treasuries similar to what they did to the Social Security Trust Fund.  And this has already taken place in the pensions of Federal employees, which are secured by government debt (Treasuries), and in the Obama created program known as MyRA.

For over a decade, and in particular since the financial system nearly collapsed back in 2008, many in the alternative financial media have been trying to warn people of the coming death of their established retirement system, and the moves being made to cut promised benefits due to the insolvencies now being seen at the Federal and State levels.  And in 2016, where the U.S. Treasury is at its lowest yield in history, and much of the rest of the world languishes in negative interest rates, the window is closing for Americans to be able to make a choice... and that choice is whether to see your retirement accounts liquidated to fund U.S. government debt, or to take the proactive position and move into gold and silver before the price of each becomes unaffordable.

Tuesday, April 19, 2016

IRS head condones illegal’s use of fraudulent social security cards since they use them to pay taxes

As a wise author in the bible once stated over 2000 years ago, the love of money is the root of many evils.  And when you fast forward this to the 21st century, the parallel concept of means justifying the ends is an apt description of how both men and governments will condone illegal activity if it results in the accumulation of more money.
On April 12, the head of the Internal Revenue Service spoke before Congress on the topics of taxes and the allowance of illegal aliens using social security cards.   And in a stark moment of truth, IRS Commissioner John Koskinen told the Senate that the agency condones the use of fraudulent social security cards by illegal aliens because the benefit is that they pay taxes, which in turn benefits the government.

Read more on this article here...

Monday, December 28, 2015

Got Karatbars? The time has arrived where governments need your money to stay solvent

There are fewer and fewer people alive today who remember President Franklin Delano Roosevelt's bank holiday and subsequent confiscation of gold under Executive Order 6102 back in 1933, and even fewer who understand what individual control over their own money really means.  In fact, despite the Credit Crisis that nearly collapsed the Western banking system and brought about the concept of depositor bail-ins just seven years ago, most Americans and Europeans still trust the system and their government to hold their bank accounts, retirement accounts, and paper assets sacrosanct.


But history has shown that greed is a very powerful elixir, and very few if any institutions can withstand the corruption it brings over the course of time.  And while the vast majority of people find it difficult to believe that the government would ever pass a law to take their money held in a bank, broker, or retirement account, one such government is suddenly becoming ground zero for just that potential action.

Over the Christmas holiday, data points tied to a collapsing housing bubble and a destruction in Canada's oil industry has led the city of Ontario to publicly beg its citizens to help bailout the government as the municipality finds itself on the cusp of bankruptcy, and without hope of paying off $300 billion worth of debt it has accumulated.
Ontario Premier Kathleen Wynne is asking that you consider giving your money to the Ontario government as well. 
For a mere $21,000 for every man, woman and child in the province, Ontario could be debt free. 
No, this is not some kind of holiday joke about the Grinch who stole Christmas.
And, no, voluntarily donating to the government isn’t in lieu of paying taxes. 
It is in addition to them. 
Canada’s largest province has asked its taxpayers to donate their hard-earned money to the cause of bailing out the much indebted provincial government. 
On top of paying among the highest taxes in North America, and coping with skyrocketing hydro prices — hikes directly caused by the decisions made by this Liberal administration and the previous one — the Wynne government wants more. 
Treasury Board Chair Deb Matthews made the bold request last week, and specifically asked folks to donate their tax return rebate to help pay off the provincial debt. - Toronto Sun
Fast forward to the United States.



Following the 2008 Credit Crash and subsequent Great Recession, former Speaker of the House Nancy Pelosi proposed a bill that would have nationalized all 401K's, IRA's, and pension accounts under government control to help subsidize the then $14 trillion in national debt.  This bill never made it to the House floor, but since them the debt has risen to over $19 trillion and the same government has instituted two other schemes such as President Obama's MyRA program, and the Treasury Secretary's move of public pensions into U.S. Treasury debt that is as un-payable as Ontario's debt appears to be.

(Just read Secretary Lew's words during the last debt ceiling debate where Social Security would be un-payable without allowing the government the power to borrow more money)


The overall point is that the world is finally finding itself forced to pay the piper after years of irresponsibility and unsound financial practices that place global debt at a whopping $230 trillion, or
300% over the world's annual GDP.  And if anyone is wondering why the G20 is now forcing all Western nations to pass Bail-in laws to have you and I pay for the next financial crisis, all one has to do is look at what is taking place in Venezuela, Argentina, and now Canada to see that the Day of Reckoning is now upon us.


So if any cash, savings, or retirement accounts held by governments, or in banking institutions is as vulnerable as it was 80 years ago during the last great bank holiday, what alternative is there for you to protect your wealth, get it offshore and away from any potential confiscation, and into something that is not readily taken by these now insolvent institutions?

You can do this 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.

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.

Thursday, September 10, 2015

Got Karatbars? New study by the Social Security Admin shows by next year one component of fund will be broke

It is a given that only those seeking a political or financial agenda can put trust in government inflated economic numbers put out by Washington each week or month.  And while there are a few agencies like the Congressional Budget Office (CBO) or Government Accountability Office (GAO) that are better than most for publishing correct or near correct statistics, most often you will find real problems masked or hidden to keep the public's awareness of just how bad a financial sector within government is to protect politicians from the ire of their constituents.

But in a new report provided by the Social Security Board of Trustees on Sept. 2, the disability portion of the Social Security trust fund will be out of money as early as next year, with receipts unable to keep up with mandated payments for those on the public dole.

The 2015 annual report from the Social Security Board of Trustees shows that the program’s disability component is in immediate trouble. Data from the latest report show that the disability fund will be depleted as soon as next year and unable to pay full benefits to beneficiaries.   
This week’s first chart uses that data to show total income, expenditures, and assets in the Social Security Disability Insurance (DI) trust fund going back to 1980. The chart shows that the trust fund has been operating under deficits since 2009, as shown by the decline in the trust fund (green bars) and ever-growing gap between the payments (red line) and receipts (blue line).   
Those deficits have been financed by redeeming nonmarketable government securities that were accumulated over the years when the program was bringing in more revenue than was being paid out. The government spent the surpluses on other government programs and credited the fund with the securities. But because the securities are nonmarketable, the government had to use general federal revenues to “redeem” them once the DI fund started to run deficits in order to cover the difference. With the illusion of the DI trust fund about to disappear, policymakers have no choice but to finally confront the financial imbalance that actually began years ago. - Mercatus

Graphic courtesy of Mercatus Center, George Mason University

The consequences of using debt to deal with a social contract that governments have with the people will always result in a point where there is no longer enough money to provide for promises made, and inevitably it is the people, not the politicians, who will suffer from the austerity cuts that come after.

And yet before the 1960's, the Great Society, and the emergence of a welfare state that consumes over $1 trillion per year of both taxpayer and borrowed funds, people relied upon their own retirement planning and the concept of family to both protect one's wealth, and be assured of a future outside of their working years.  And with so many alternative (and quite often rejected) economists and financiers telling Americans to find ways outside the system to grow your retirement and wealth protection, it is now almost too late to suddenly shift gears from a government reliant benefit system to one where you control your own future, and are protected from whatever may come.

But there is a solution, and a way to not only protect your wealth now, but grow it to where you can get sustainable income no matter what age, and in the most reliable form of money in history.

That solution lies in 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, you can have the power to move your money into a free e-wallet 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.

Saturday, August 22, 2015

Got Karatbars? Retirees will never have enough money to stop working through conventional savings

In a new report by the Government Accountability Office (GAO), over half of all Americans have no retirement savings at all, and many more are too underfunded to be able to quit working once their golden years start to come upon them.  And with Social Security become more insolvent every day, with a few projections putting 2017 as the year the fund no longer can sustain payments from receipts, it will soon be extremely difficult for you to have any expectation of retirement through the conventional means of Wall Street or in personal and corporate pension funds.


On top of this, the stock market appears to be on the precipice of a huge correction, and has already fallen close to 10% in just the past two months.  Yet this alone doesn't tell the entire story as sovereign and corporate bonds have collapsed as well, and the entire global economy is in the midst of a deflationary spiral.

The one segment of the market that has risen however is gold, and may be finally turning the corner as the dollar begins to fall.  China started the metals move upward when they devalued their currency close to 10 days ago, and since that time both the dollar and the stock markets have reacted with a negative response.


Planning for retirement takes time.  Saving money is a slow process.  There was a time when simply stashing money into CDs and savings bonds was enough to have a nice nest egg if you were diligent enough.  Yet for the last decade, most banks are paying close to zero percent on their savings accounts thanks to the Fed’s low rate policy to juice the markets.  Since the true inflation rate is much higher, you are essentially letting your money rot away.  So the only other option is for people to invest in the stock market or try to leverage into real estate.

The stock market is largely an arena for the wealthy.  Half of Americans own no stocks at all.
And the idea that all older Americans own their home free and clear is simply not true.  Only 35 percent own their home free and clear from debt (and this does not mean they don’t have expenses like taxes, insurance, and maintenance).  24 percent are still saddled with mortgage debt.  And 41 percent do not own a home meaning they have to pay rents that continue tooutpace any wage gains. 
The median net worth of those 55 and older is $34,760.  This is basically one small illness from bankrupting this family.  The median annual income of those 55 and older is $18,932 which makes them part of the new low wage America cohort. On the retirement side 48 percent have some retirement savings (not much).  29 percent have no pension or retirement savings.  And 23 percent have a pension but no retirement savings.  In the end, it is a tough situation for many older Americans.  And that is why older Americans rely heavily on Social Security as their primary source of income into old age: - My Budget 360


So if the stock markets, the bond markets, and real estate will no longer provide for your retirement years as they once did before inflation and unsustainable debt became part of our nation's monetary policy, what is the solution to not only saving for your golden years, but building your wealth right now where it protected from the dying financial system?

The answer lies in 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, you can have the power to move your money into a free e-wallet 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, August 10, 2015

No country for young American men

Remember when we were growing up and it was a rite of passage during high school summer breaks to get a job, and perhaps even buy our first car with those earnings?  Sadly today, this is no longer possible as the real consequences of Obama’s job recovery, coupled with the tens of millions of illegal aliens in the country over the past 10 years, have made youth unemployment a thing of the past.
At 41.3 percent, the July labor force participation rate of teens was the lowest for the month in the post-World War II period.
The teenage summer job has been going the way of telephone booths and the cassette tape for decades. The length of the downward trend has been masked by the fact that it’s hard to tease apart teen summer jobs from teen employment more generally.
Looking at the jump in the labor-force participation of teens in July over the average for the school months, it’s clear that summer jobs peaked in the mid-1960s and have been sliding since. - Bloomberg



Read more on this article here...

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...

Tuesday, July 21, 2015

President Obama goes after those on Social Security with 21st century ‘Poll Tax’ to own a gun

In the beginning of America’s history, voting rights were initially restricted to landowners and those able to afford to pay a ‘poll tax’.  This of course kept many legitimate Americans from being able to vote and left elections only in the hands of those who were considered both productive, and who had a stake in protecting their own property rights.
It wasn’t until the 20th century when the 24th Amendment was passed that eliminated poll taxes, and opened the door for all Americans over the age of 18 to be allowed to vote.
But for President Obama, many Democrats, and a whole slew of liberals, one of their most important agendas is for draconian gun control and the removal of firearms from the hands of the citizens.  And where before the Supreme Court trumped un-Constitutional laws in locations like Chicago, New York, and Washington D.C., the Obama administration is once again trying to a new tactic, only this one involves a new 21st century form of a ‘poll tax’ dedicated towards those Americans who are disabled, veterans, and those on the government dole receiving benefits such as social security.
 
Read more on this article here...

Saturday, June 6, 2015

Taxpayers gave over $20 million worth of Social Security to former Nazi’s

Since the end of World War II, much of America’s immigration has either come from illegals entering the country across our open borders, through H1B invitations seeking cheaper labor to replace skilled American workers, or from a more ambiguous means that came from our fighting never ending wars around the globe.  And over the past 70 years this has included people’s such as former Nazi’s via Operation Paperclip, Vietnamese refugees during America’s decade in Southeast Asia, and the more recent inclusion of Middle Eastern and Somali Muslims which has led our ‘melting pot’ to become increased with people’s not necessarily choosing to become Americans, but with those who simply wanted to get away from their own nation’s bad outlook.
Yet when these millions of alternate entry immigrants come to America, they very often enter into the vast welfare and insurance systems that now take up over $1 trillion of the U.S.’s annual budget.  And in a new study to be published in the coming days, American taxpayers will have shelled out over $20 million to provide social security benefits to former Nazi members, who probably should have been incarcerated rather than given retirement benefits out of  the U.S.’s coffers.
 
Read more on this article here...

Monday, October 20, 2014

Former Nazi war criminals received Social Security from U.S.

In a shocking new investigation done by the Associated Press on Oct. 20, former Nazi war criminals were found to have received Social Security benefits from the taxpayer and United States government, and many even received continued benefits after they were deported from the country.  In an ongoing expose on Nazi’s brought into the U.S. after World War II, at least 38 former war criminals received millions of dollars in Social Security benefits despite the fact they should have been arrested and tried for war crimes resulting from actions done under the Nuremberg Laws.


Read more on this article here...

Thursday, November 15, 2012

Ten: The number of affordable states you could live in on Social Security

As the estimated 10,000 per day Baby Boomers begin retiring, and start accessing their Social Security accounts, the hard economic questions they must face come at them quickly.  The primary one of course, is can I afford to live off my benefits, and even more so, where can I afford to live.

A new infograph from Nov. 15 shows that Florida, Arizona, and all the warm weather climate states that have been the dream of many over the past few decades, are now priced out of their budgets due to inflation, taxation, and other monetary barriers.  In fact, on an average benefit income of $1130 per month, the number of states that fit this budgetary criteria is now limited to just 10.

And most are in the Midwest.



Montana, North Dakota, South Dakota, Nebraska, Kansas, Oklahoma, Arkansas, Iowa, Kentucky, and West Virginia round out the only true affordable places to live for retirees on a Social Security budget.

But of course, one can always look on the bright side.  These are the primary places that grow food in America, and if the feces hits the fan, at least you will be around other like minded individuals who have a more prudent standard of living, and have been doing so for decades.

Monday, October 15, 2012

Manipulated inflation rates by government leading to lower COLA on Social Security for 2013

With the Federal Reserve and Federal government blatently manipulating the true rate of inflation in the economy, the results for 2013 are going to be a 1 or 2% COLA increase for Social Security recipients next year.





Charts courtesy of Shadowstats

Social Security recipients shouldn't expect a big increase in monthly benefits come January.

Preliminary figures show the annual benefit boost will be between 1 percent and 2 percent, which would be among the lowest since automatic adjustments were adopted in 1975. Monthly benefits for retired workers now average $1,237, meaning the typical retiree can expect a raise of between $12 and $24 a month.

The size of the increase will be made official Tuesday, when the government releases inflation figures for September. The announcement is unlikely to please a big block of voters _ 56 million people get
benefits _ just three weeks before elections for president and Congress. - Associated Press via Breitbart

According to John Williams and Shadowstats, true inflation for 2012 is between 5 and 9%, dependent upon which model (1980 or 1990) one chooses to reference.  The government has manipulated real price inflation for more than two decades to ensure COLA increases are not in line with real inflation, to both save 10's of billion of dollars in benefit payouts, and to hide the fact that their deficit spending is causing massive inflation on essentials people need like food, energy, and rents.

Going into the 2012 election, the current administration doesn't want you to see the 30-80 rise in food prices over the past four years, and are making sure their media propagandists lie to you on what the real inflation rate is in the economy.

Tuesday, October 2, 2012

Social Security benefits to reach $65 billion per month to government

It appears to be fortunate for the elderly and those on Social Security that Ben Bernanke implemented QE4evr last month, just as the national debt crossed over $16 trillion dollars.  Accordingly, that additional money is soon going to be needed as on Oct. 2, the cost to the government and to taxpayers for Social Security benefits has now reached $65 billion per month.



-The monthly SS payout is bigger than the market cap of some well know companies, including: Amex, 3M, US Bankcorp, Amgen, eBay and Caterpillar. Goldman Sachs is worth a measly $54b. SS could buy the whole thing with just three-weeks worth of payout.

-The annual cost for SS is greater than the ridiculous monster market cap for Apple. If SS used its muscle to buy big cap stocks, it could buy up all of the shares of Microsoft, Wal-Mart and Google in less than a year.

The annual SS payout is about the same as the GDP of the Netherlands. It is well larger than the output of either Turkey, Switzerland or Saudi Arabia. In 2013 SS will spend more than the GDP of Indonesia, a country of 250m people. - Bruce Kasting

Chart courtesy of Bruce Kasting
When you add this cost to the 47 million Americans on food stamps, and the over 100 million Americans who receive some form of government benefit, you begin to see why the system has no choice but to inevitably collapse at some point, and no amount of Fed spun money can keep up with the promises and corruption of politcians.