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Ponce
27th May 2011, 09:40 PM
THE DOOR IS ABOUT TO SHUT FOR AMERICANS...
http://www.dollarvigilante.com/blog/...americans.html

The Door is About to Shut for Americans
THURSDAY, MAY 26, 2011 AT 9:14PM

Anyone aware of the US Government's real financial situation knows that time is running out. The Government has $15.5 trillion in admitted debts but those debts, when calculated under Generally Accepted Accounting Principles (GAAP), or 'honest accounting', is over $70 trillion. $70 trillion divided by 300 million+ Americans works out to $233,000 per person in US Federal Government debt and obligations. Or nearly $1 million per family of four.

That does not included personal debt, state debt or municipal debt.

This debt plus an economy that has been completely hollowed out by the Federal Reserve system ensures that there is no way the US Government can ever pay off this debt. And, everyone knows it.

The indications that the US Government is moving very quickly to enact any legal measure or fine against Americans and to make it nearly impossible for any American to escape payment to pay for their sins are everywhere.

We recently commented on how It Is now Easier to Enter the US Than It Is To Leave. Customs agents and cash sniffing dogs stand on guard at most international US airports checking to make sure no one has more than $10,000 in cash without declaring it. The standard response to this is: "They are only making it difficult for criminals to move about and to transfer money".

Well, the problem is, the US Government is moving very quickly to make it so almost everyone is seen as a criminal in the eyes of the US legal system.

Now We Are All Criminals

It is already said that there are so many laws, rules and regulations in the US that each person in the US breaks at least one law per day, if not much more - without even knowing it. But the US Government is becoming more obvious in how it will go about making everyone a criminal and fining them ridiculous amounts of money in doing so.

This week, an American family who said they were just trying to teach their son about responsibility and entrepreneurship was fined $90,000 by the USDA because the teenager sold $4,600 worth of bunnies in one calendar year without a license. Not only were they demanded to pay $90,000, but if they did not pay within a short period of time the fine could increase to as high as $4 million.

This one case only goes to show how easy it is, within the system, to take any small transgression and to blackmail someone for, for all intents and purposes, every penny they have - or more.

Students to be Forced into the Military to Repay Debts

We also recently commented on how the US college system draws people into large debts (Debtucation) and how student debt is now larger than credit card debt in the US. It is the US Government itself that has made college education so expensive by offering student loans to anyone who can fog a mirror but again they have shown their intentions by making student loan debt the only debt which can not be forgiven. A 2005 decree from the Bush Administration stated that student loan debt could not be dissolved through bankruptcy proceedings. The only other scenario where this “no-escape” clause exists is debt from criminal acts and debt from fraud. In other words, student loan debt is seen, by the US Government, as being similar to proceeds from crime!

What will this mean with more young Americans in student loan debt than any other time? It's anyones guess but it would not be out of the realm of possibility to force students who can not pay off their debt into the military to repay their debt.

And with the US military with 800 military bases worldwide with US military personnel in 156 countries and US Military bases in 63 countries and currently occupying or attacking Iraq, Afghanistan, Libya and with other drone operations in places like Yemen and Pakistan, the US is all but ensuring that it is screwing around in enough places to eventually draw in one of the big boys. Russia, China or Iran.

And, hey, we Gotta Support the Troops, right?

US Government Eyeing Pensions and Retirement Funds

On the other end of the spectrum, seniors and those in retirement, the US Government recently made it very obvious that funds held in retirement accounts are going to be the first to be taken when times get tough.

In the recent scuffle over raising the debt ceiling, the US Government was short of some funds after reaching the United States' $14.3 trillion debt ceiling last Monday. Where was the very first place the US Government went to find new sources of funds? Last week they dipped into state pension funds in order to make payments.

It is no great leap to think that as things worsen in the US Government's financial situation, which is all but guaranteed, that the first thing that will be nationalized will be all tax sheltered retirement accounts. After all, we all have to do our part to pay for the debts of the Government, right?

Anyone living off of US pensions should be very worried. And anyone with significant funds in retirement accounts should be running, not walking, to get any funds they can outside of the direct control of the US Government. We recommend looking at "Unleash Your IRA", a great program for diversifying your IRA internationally.

Get a 2nd Passport

There are two ways to look at the upcoming battle between the US Government and US citizens. You can stay and fight or you can run and hide.

If you plan to stay and fight we wish you good luck and will try to support your efforts in any way we can.

If you would rather run and hide then one of the first things you should be looking to do at this time is to at least get a second passport. This is still legal for Americans and there are many options. We discuss many of them, regularly in our newsletter.

As well, if you have the financial capability, we highly recommend buying some foreign real estate - preferably somewhere you like to live. Our favorite place, at the moment, is La Estancia de Cafayate in Argentina (email them for more information at tdv@lec.com.ar).

2011 Last Year to Get Out

Most things are still legal in the US. It is still legal to have foreign bank accounts - although you are required by law to report them to the Government. It is still legal to get a second passport. It is still legal to move assets in your IRA outside of the country. It is still legal to move money outside of the country and buy foreign real estate.

The window of opportunity is closing. If you live in the US and still have all your assets inside of the US, you likely have months, not years, to internationally diversify your assets and to get your affairs in order. Anything much after 2011 is taking a big risk of losing it all.

The Government Can - http://www.youtube.com/watch?v=LO2eh...layer_embedded

After all, we, as individuals have to live within our means and it is considered a crime if we forcibly take money from others to pay for our debts. The Government, on the other hand? The Government Can.

General of Darkness
27th May 2011, 09:55 PM
I hear this large 40 - 144 Trillion dollars all the time like you're an idiot if you don't know it. Can someone really show me where these number comes from? What are the rational calculations? I don't doubt them, I just need to see the calculations.

Horn
27th May 2011, 11:43 PM
Anyone living off of US pensions should be very worried.

And everyone who's parents are living off of pensions.

FunnyMoney
28th May 2011, 12:01 AM
I hear this large 40 - 144 Trillion dollars all the time ... I just need to see the calculations.


Hey General, I''l try to shed some light on that darkness...

First of all there's really only about 15 or 16 of significant govt debts, this is in trillions mind you, so even though it is not the widely touted 70 to 200 T. that everybody likes to throw out there, it is still a huge, HUGE amount of owed money.

We'll get back to that 15T of actually owed money in a sec, but first the other amount that gets economist saying 70, 100, even 200 T of debt. They get to that by counting what they expect are and will be the future unfunded obligation (like future SS and medicare payments ). In a really severe destructions of the bond markets and possibly a nation leaning towards default, those things would be the first to go and the govt would simply cancel those programs, or severely reduce their future payments.

So really, we are basically back to the 15T that is currently owed by USA Corp. But that number itself is something that can be broken down too. Currently about half is actually owed to the social security trust fund. So again, in a crisis that money would be the second to go and the govt would simply say, "sorry, cut that program some more".

Now that leaves us about 8T that we owe to mostly overseas govts and various cental banks and large private banks. But don't be fooled 8T is a very large sum. With debt, one must be very concerned about servicing the debt. But since fiat money is a scam which enables central banks to always service a debt based in their own currency and also allows them to peg interest rates where they please as they can always simply buy more debt on their own, pushing down interest rates and making fiat payments back to themselves - service of debt won't likely be a problem.

Purchasing power of the currency, however, will be a problem: as all this extra money which must be printed to service the debt and pay bills and buy more debt internally will eventually flush into the system. We are seeing the first shocks of this now with the large increases in energy, metal and other prices.

Hyper-inflation is not assured but high inflation is. I doubt the govt will need to embark on the drastic measures that the OP alludes to in the near future. The currency could be cut in half again (in terms of purchasing power) over the next 6 to 8 years and that would probably shift things enough to allow the can to be kicked another decade down the road.

Eventually, the turmoil and pain of fiat money is likely to catch on worldwide, even for the big "reserve" currencies. When that time comes (which could be far off into the future still) then at that time the risks do increase.

Horn
28th May 2011, 12:15 AM
The currency could be cut in half again (in terms of purchasing power) over the next 6 to 8 years and that would probably shift things enough to allow the can to be kicked another decade down the road.

Sorry to say, there won't be a road left and the cans on them will be out of gas, if that occurs.

cthulu
28th May 2011, 06:30 AM
but but but the cafr report said we're all rich!!! :lol:

gunDriller
28th May 2011, 07:22 AM
I hear this large 40 - 144 Trillion dollars all the time like you're an idiot if you don't know it. Can someone really show me where these number comes from? What are the rational calculations? I don't doubt them, I just need to see the calculations.


i think a lot of it is implied debt. the US has about $100 Trillion in obligations that it won't be able to pay (e.g. Social Security) without printing money and/or creating more debt instruments (aka US gov. bonds).

so, while the US has about $15 Trillion in Official Debt, the US gov. has also made additional humongous financial commitments that it won't be able to pay. sort of like if one of us signed a business contract (to deliver future services) that wasn't actually a debt contract (like a mortgage).


but there's so many shell-games. e.g. on September 10, 2001, Rumsfeld announced that the Pentagon had lost $1+ or $2+ Trillion ... just plain lost it ... mis-placed it - or it was embezzled by the Talmud worshippers.

perhaps the records were destroyed when WTC7 came down ?

cortez
28th May 2011, 08:48 AM
"works out to $233,000 per person in US Federal Government debt and obligations. Or nearly $1 million per family of four.
" i dont get how they are always like each person owes or each family, sure my taxes go to service the debt but its not like someone is sending me a bill or knocking at the door

mick silver
28th May 2011, 10:31 AM
it all a side show

Ares
28th May 2011, 10:38 AM
What I don't understand is every time the words "unfunded debt" come up, one of the first things that is mentioned is Social Security, Social Security is one of the only programs that are currently solvent and is expected to remain in the black for the next couple decades(as long as CONgress keeps their paws out of the till).

Why don't people talk about the truly unfunded debt of the military budget or all the give away programs we use to buy foreign friendship called foreign aid.

When I sit down and do my budget, I don't add up bills that may occur 25 years down the road, I deal with the bills that are expected for the year and if it looks like I am going to be short I immediately start looking at current expenses too cut


Sorry Cobalt, but Social Slavery is currently in the red, since March 2010 and has been ever since.

http://www.cato-at-liberty.org/social-security-in-the-red/

mick silver
28th May 2011, 10:40 AM
it all a side show as they steal what they want . sent it there sent it here . no one in this country know were all the funds go

Ares
28th May 2011, 11:30 AM
There is no money in the account. They are Treasury IOU's which they are starting to cash in since April 2010.

It could collapse for all I care, I want no part of it. It was a pyramid scheme from the very beginning, to even call it solvent is like saying Bernie Madoff and Charles Ponzi instituted a workable sustainable system of repayment. :oo-->

You do not rob from the young to pay for the old, it's theft as it is immoral.

And there is no surplus, it's been used for the general fund since Lyndon B Johnson's great society decided to start stealing from it so that we could have "guns and butter."

Horn
28th May 2011, 11:40 AM
They need to dump the Federal Reserve & start printing greenbacks to conquer Canada & Mexico.

Eyebone
28th May 2011, 12:25 PM
There is no money in the account. They are Treasury IOU's which they are starting to cash in since April 2010.

It could collapse for all I care, I want no part of it. It was a pyramid scheme from the very beginning, to even call it solvent is like saying Bernie Madoff and Charles Ponzi instituted a workable sustainable system of repayment. :oo-->

You do not rob from the young to pay for the old, it's theft as it is immoral.

And there is no surplus, it's been used for the general fund since Lyndon B Johnson's great society decided to start stealing from it so that we could have "guns and butter."



Lets not add generational warfare to the list.

There wouldn't be any young if it wasn't for the old.

Would you like to see old people robbing young people at gun point?

Uncle Salty
28th May 2011, 12:33 PM
Look, if you have a bank account with $100,000 in it and a monthly income of $1000 with expenses of $2000 per month, you are not in the Red and will not be for almost 2 years.
[/quote]

Actually, it would be 100 months until you are in the red, or just over 8 years.

Ares
28th May 2011, 12:53 PM
Lets not add generational warfare to the list.

There wouldn't be any young if it wasn't for the old.

Would you like to see old people robbing young people at gun point?


That's where families come in. It's not your responsibility to pay for my parents or grand parents, or is it my responsibility to pay for yours. Retirement takes planning, and not from just an individual stand point. You should never throw the responsibility of paying and caring for a family member into the lap of societies. You just invite trouble, theft, and unaccountability. Even if it was somehow "privatized" what's to stop them from dipping into the "general fund" to pay for perks and extravagance on your dime? Nothing. So why expect something different from government?

Unconstitutional, unsustainable, and unworthy of the trust that has been placed into it. LET IT FAIL

Neuro
28th May 2011, 01:17 PM
There is no money in the account. They are Treasury IOU's which they are starting to cash in since April 2010.

It could collapse for all I care, I want no part of it. It was a pyramid scheme from the very beginning, to even call it solvent is like saying Bernie Madoff and Charles Ponzi instituted a workable sustainable system of repayment. :oo-->

You do not rob from the young to pay for the old, it's theft as it is immoral.

And there is no surplus, it's been used for the general fund since Lyndon B Johnson's great society decided to start stealing from it so that we could have "guns and butter."

Yes Timmy Geithner said just recently there are no trust funds. People paid in more than they took out for ages, but government spent those money...

po boy
28th May 2011, 01:27 PM
What I don't understand is every time the words "unfunded debt" come up, one of the first things that is mentioned is Social Security, Social Security is one of the only programs that are currently solvent and is expected to remain in the black for the next couple decades(as long as CONgress keeps their paws out of the till).

Why don't people talk about the truly unfunded debt of the military budget or all the give away programs we use to buy foreign friendship called foreign aid.

When I sit down and do my budget, I don't add up bills that may occur 25 years down the road, I deal with the bills that are expected for the year and if it looks like I am going to be short I immediately start looking at current expenses too cut


Sorry Cobalt, but Social Slavery is currently in the red, since March 2010 and has been ever since.

http://www.cato-at-liberty.org/social-security-in-the-red/



Social Security is NOT in the red

Yes, they are currently paying out more money each month then they are taking in but the SS program is currently 100% in the black and shall remain so for the next 26 years or so.


Look, if you have a bank account with $100,000 in it and a monthly income of $1000 with expenses of $2000 per month, you are not in the Red and will not be for almost 2 years.

Everyone keeps talking about the SS program being broke and fail to look at the bottom line, it has more money in the account then is currently needed to pay out.

CONgress wants everyone to believe that the SS program is broke so they will be given access too it and allowed to "Fix it" which will of course mean they can transfer the surplus into the general fund where they can spend it as they see fit.


Creative accounting at best vs Ponzi scheme?

Eyebone
28th May 2011, 01:56 PM
Lets not add generational warfare to the list.

There wouldn't be any young if it wasn't for the old.

Would you like to see old people robbing young people at gun point?


That's where families come in. It's not your responsibility to pay for my parents or grand parents, or is it my responsibility to pay for yours. Retirement takes planning, and not from just an individual stand point. You should never throw the responsibility of paying and caring for a family member into the lap of societies. You just invite trouble, theft, and unaccountability. Even if it was somehow "privatized" what's to stop them from dipping into the "general fund" to pay for perks and extravagance on your dime? Nothing. So why expect something different from government?

Unconstitutional, unsustainable, and unworthy of the trust that has been placed into it. LET IT FAIL


I have a more tribal outlook than you.

Old people of my race should be taken care of.

Ares
28th May 2011, 02:46 PM
Lets not add generational warfare to the list.

There wouldn't be any young if it wasn't for the old.

Would you like to see old people robbing young people at gun point?


That's where families come in. It's not your responsibility to pay for my parents or grand parents, or is it my responsibility to pay for yours. Retirement takes planning, and not from just an individual stand point. You should never throw the responsibility of paying and caring for a family member into the lap of societies. You just invite trouble, theft, and unaccountability. Even if it was somehow "privatized" what's to stop them from dipping into the "general fund" to pay for perks and extravagance on your dime? Nothing. So why expect something different from government?

Unconstitutional, unsustainable, and unworthy of the trust that has been placed into it. LET IT FAIL


I have a more tribal outlook than you.

Old people of my race should be taken care of.


Don't confuse my love of freedom for saying to hell with the elderly. That's not what I mean. There are charities, well were before social slavery/medicaid/medicare came on the scene, and it is family members responsibility to care of their elders that cared for them when they were young.

The need of the few does NOT outweigh the freedom of the many. That's my philosophy. If you want social slavery and want to enroll in it, fine be my guest. But allow those who want no part in it, are very well aware they will have nothing once they grow old opt out.

The problem with that is everyone knows they would never be able to fund a program like that with only partial enrollment. So they just enslave everyone into the system to pay for the few while sacrificing their children's, grand children's futures.

Not only is that immoral, it's extremely arrogant to believe that their golden years should be bankrolled by today's AND tomorrows workers.

Walter Mitty
28th May 2011, 02:57 PM
Social Security is in the black.
Lets see.
You are taking in money from people buying Gov't debt with it and spending the money.
When it comes time to pay it back you go on the open market and try to sell those debt obligation for cash.
Problem is you're 14.6 trillion dollars in debt and no one want to buy those debt obligations at least not at the current rate of return.
So... the Fed goes hocus ,pocus , alacazam and they conjure up credit money out of thin air and buy them.
What did Greenspan say " We can guarantee payments in any amount, out to any time frame. We cannot guarantee purchasing power.
So yeah, Social Security is solvent for two more decades.
or like HT said, they let it all go. Or they manage the collapse.
Or who the hell knows what they are going to do.

FunnyMoney
28th May 2011, 03:25 PM
Of course they will manage (and profit) from the collapse. Purchasing power will not be assured. This is why you have China and India and so many others turning to gold and other metals and hard resource based assets to store their wealth. A fiat currency can be abused to death which is what many predict for the current FRN, but the more likely scenario is similar to past times when a "global" currency has melted down.

There are also the off-budget items where much of the military spending is itemized and this is simply another inflationary force.

Horn
28th May 2011, 03:40 PM
I have a more tribal outlook than you.

Old people of my race should be taken care of.


Grandma's knitting needles should be put to good use in making blankets for our "Freedom" fighters.

To Hell with OSHA standards in a home workplace, if she wants to live in the den with 8 or 9 cats & never change the kitty litter, that's her prerogative.

mightymanx
28th May 2011, 04:33 PM
I hear this large 40 - 144 Trillion dollars all the time like you're an idiot if you don't know it. Can someone really show me where these number comes from? What are the rational calculations? I don't doubt them, I just need to see the calculations.


http://www.usdebtclock.org/

Look at the very bottom under the unfunded liabilities.

gunDriller
28th May 2011, 07:16 PM
I hear this large 40 - 144 Trillion dollars all the time like you're an idiot if you don't know it. Can someone really show me where these number comes from? What are the rational calculations? I don't doubt them, I just need to see the calculations.


http://www.usdebtclock.org/

Look at the very bottom under the unfunded liabilities.


US unfunded liabilities ... $114 Trillion.

that's how many miles light travels in 19 years.

talk about astronomical !

Book
28th May 2011, 07:40 PM
...it is family members responsibility to care of their elders that cared for them when they were young...

...it's extremely arrogant to believe that their golden years should be bankrolled by today's AND tomorrows workers.



Which is it?

:dunno did you tell your granny to NOT cash her Social Security check and instead move in with YOU?

Ares
28th May 2011, 08:56 PM
...it is family members responsibility to care of their elders that cared for them when they were young...

...it's extremely arrogant to believe that their golden years should be bankrolled by today's AND tomorrows workers.



Which is it?

:dunno did you tell your granny to NOT cash her Social Security check and instead move in with YOU?


Book, maybe I didn't make myself clear. It is NOT societies responsibility to care for the elderly. It is the families responsibility. The "Workers" in my statement are you, me, and everyone else who is forced at the point of a gun to "contribute" to the system. With the egotistical and arrogant retiree's who feel they are "entitled" to your labor.

And no, Grandma's house is paid for. She is collecting a pension which she earned on her own. I have offered assistance with things around the house, and even financial if she needs a hand before her check arrives. She has given me plenty of money over the years from birthdays, graduations etc. It's my turn to give back. Unless of course you believe in your pathetic statist ideology that I should dump poor grandma on societies lap and say hey I pay my social slavery, just take the check shut up and leave me alone like everyone else in this ridiculous self indulged country?

Book
28th May 2011, 09:13 PM
...it is family members responsibility to care of their elders that cared for them when they were young...

...it's extremely arrogant to believe that their golden years should be bankrolled by today's AND tomorrows workers.



Which is it?

:dunno did you tell your granny to NOT cash her Social Security check and instead move in with YOU?


Book, maybe I didn't make myself clear. It is NOT societies responsibility to care for the elderly. It is the families responsibility. The "Workers" in my statement are you, me, and everyone else who is forced at the point of a gun to "contribute" to the system. With the egotistical and arrogant retiree's who feel they are "entitled" to your labor.

And no, Grandma's house is paid for. She is collecting a pension which she earned on her own. I have offered assistance with things around the house, and even financial if she needs a hand before her check arrives. She has given me plenty of money over the years from birthdays, graduations etc. It's my turn to give back. Unless of course you believe in your pathetic statist ideology that I should dump poor grandma on societies lap and say hey I pay my social slavery, just take the check shut up and leave me alone like everyone else in this ridiculous self indulged country?



Every American worker was forced to pay into it their entire working life...not just those with grateful children. Childless workers also paid for the schools and colleges and universities etc. Just trying to introduce the concept that defaulting on Social Security is not a trivial matter now for many elderly Americans. Are you advocating a sudden total default of Social Security?

:) eat the old!

Ares
28th May 2011, 09:25 PM
Every American worker was forced to pay into it their entire working life...not just those with grateful children. Childless workers also paid for the schools and colleges and universities etc. Just trying to introduce the concept that defaulting on Social Security is not a trivial matter now for many elderly Americans. Are you advocating a sudden total default of Social Security?

Yep, that they were. But that doesn't mean the system should continue because at one point in the past you forced everyone at the point of a gun to give to the system with a "promise" you'll get yours when you get old. It's a ponzi scheme. Social Slavery makes Charles Ponzi look like an amateur in scope and government thuggery in forced participation. At least Charles relied on peoples stupidity, the government just says give or go to prison or wind up dead.

Childless workers only paid for the universities they attended. Local schools are funded by local taxes. Defaulting on Social slavery is going to happen anyway all Ponzi schemes fail. Either they outright default and no one gets paid. Or everyone gets paid in money that won't even buy them a loaf of bread. Mathematics don't lie, the system is flawed to the point that it cannot be saved.

Book
28th May 2011, 09:34 PM
Mathematics don't lie, the system is flawed to the point that it cannot be saved.



http://3.bp.blogspot.com/_X_yZH_zmVpY/TP1cXAKfPkI/AAAAAAAAFMM/sXGIEQSF8gM/s1600/homeless1.jpg

We can all agree with that. But it is not realistic for the young to think that the old will politically accept abandonment. How do you imagine it would happen? That millions and millions of elderly Americans are suddenly in the photo posted above?

:)

Ares
28th May 2011, 09:45 PM
We can all agree with that. But it is not realistic for the young to think that the old will politically accept abandonment. How do you imagine it would happen? That millions and millions of elderly Americans are suddenly in the photo posted above?

Truth be told, I've thought about that a lot. I don't like what I see is going to happen. They were lied too, they believed they would of been taken care of as long as they gave up 1/3 of their paycheck to Uncle Sam. I don't know what they will do, unfortunately they will be abandoned by the government that promised them a safety net in their golden years. They are a victim no question about it, and I feel bad for anyone who has worked their entire life only to be told sorry we abused your trust, and we spent the money on useless wars and other government spending.

I just hope that the elder's family (if they do have some) will offer to help out because unfortunately since government got in the charity business. Private charities outside of churches are almost nonexistent anymore. What little charities that are left will be overwhelmed almost instantly. Just like food banks. It won't be just the elderly that suffer, it will be everyone. The ones that rely on government assistance will unfortunately suffer the most.

Book
28th May 2011, 09:52 PM
I don't disagree with anything you posted. But here's the problem:

You do appear to support the notion of Democracy and all these millions of geezers VOTE. They outnumber the young at the poll booths. They are obviously intentionally VOTING to continue their ponzi scheme until it collapses. Congress will never touch this third rail.

:dunno I didn't say I had a solution.

Ares
28th May 2011, 10:06 PM
I don't disagree with anything you posted. But here's the problem:

You do appear to support the notion of Democracy and all these millions of geezers VOTE. They outnumber the young at the poll booths. They are obviously intentionally VOTING to continue their ponzi scheme until it collapses. Congress will never touch this third rail.

:dunno I didn't say I had a solution.


That they will, but voting alone won't solve their problem. There will come a point where the money they do get is completely worthless. We're already approaching that point. Ask anyone who collects social slavery checks. They haven't had a cost of living increase since 2007. Because CPI doesn't look at energy, or food then you're aware there's no inflation. :oo--> My wife's grandparents collect social slavery and her grandfather is an ardent socialist. He believes the government owes him whatever his heart desires because he served in the military (served 4 years) and worked his entire life and "paid into the system." The issue with that is, is that he's already used up what he paid in and then some. The wife's grandmother has had both knee's replaced, and a hip. He's been in the hospital several times due to emphysema, this last one he was in this hospital for almost a month. Bill came in for just under 40,000 dollars, his wife's knees and hip replacement, almost 200,000. There isn't a snowballs chance in hell that he paid anywhere close to that amount into Medicare. This is just one instance of paying out more than what is taken in by the participants. This happens I'm sure to millions of elderly Americans.

The elderly can't vote themselves anymore because there won't be anything to give. I don't have a solution either. Just prepare if you have the ability and the means to do so. Prepare to have family members living with you.

Book
28th May 2011, 10:25 PM
http://www.christinaloves.com/wp-content/uploads/cleanliving.jpg

You did not exaggerate the costs that Medicare is paying out now. It really is that outrageous. Beyond outrageous.

I doubt most geezers are any more happy than their children now.

I think Congress will keep doing what they are doing until a loaf of bread costs $50.

:dunno beans, bullets, band-aids...

Book
28th May 2011, 10:38 PM
Truth be told, I've thought about that a lot.



MORE FOOD FOR THOUGHT (http://www.goldismoney2.com/showthread.php?18244-The-Morality-of-the-Overcrowded-Lifeboat)

:o

Neuro
28th May 2011, 11:18 PM
They will continue to pay out pensions as they promised, and once a month granny will be able to go and by a bag of rice, beans, a bag of flour, a dozen eggs, and a pound of butter and sugar. If she is able to grow a garden her life might not be too bad even, but the winters will be cold!

Horn
28th May 2011, 11:33 PM
They will continue to pay out pensions as they promised, and once a month granny will be able to go and by a bag of rice, beans, a bag of flour, a dozen eggs, and a pound of butter and sugar. If she is able to grow a garden her life might not be too bad even, but the winters will be cold!


Pensions is one thing, they might be able to survive on. But social security ain't snot.

Another bout of food inflation & they'll all starve.

mightymanx
29th May 2011, 01:35 PM
They will continue to pay out pensions as they promised, and once a month granny will be able to go and by a bag of rice, beans, a bag of flour, a dozen eggs, and a pound of butter and sugar. If she is able to grow a garden her life might not be too bad even, but the winters will be cold!


Pensions is one thing, they might be able to survive on. But social security ain't snot.

Another bout of food inflation & they'll all starve.


If they don't starve, they will die of a simple illness because the medical voucher CONgress is wanting to put through won't buy them anything more then a bandaid and a bottle of aspirin.

Of course CONgress will still have the very best medical insurance plan other peoples money can buy. :oo-->


Fixed it for you

gunDriller
29th May 2011, 02:12 PM
We can all agree with that. But it is not realistic for the young to think that the old will politically accept abandonment. How do you imagine it would happen? That millions and millions of elderly Americans are suddenly in the photo posted above?


that's the thing - all that a lot of homeless need is simply a place to stay. it can be a 10 x 10 foot spot where they can build their tent.

then all they need is bathroom access, and access to shower facilities would be a bonus.

that part doesn't cost that much.

no reason working non-Chosen people should have to pay for it. just putting a tax on the Chosen people's war-toys would help pay for it.

how about that ? for all the Zio-war-toy-boyz, the $$ that they spend - make them pay an extra 10% tax to care for the care & feeding of the non-chosen older homeless people.

it won't affect the quality of America's military. a lot of that spending is just to put pockets of defense contractors. i know - i worked for defense contractors and their civilian counterparts for 24 years.

the purpose of those places is to make money by charging the US gov. $120 or $150 for every hour of employee time. basically a 200%+ loaded overhead - they pay an employee $33 an hour, they bill the US gov. $100 an hour.

so the defense contractor makes $$ even if the employee stays home and fills out a time-card that says they were at work for 8 hours.

so, fairly obviously, the Zio-war-toy-boyz would make $$$ even if they had to pay a 10% tax to take care of the non-chosen like the lady in the picture. the military would still get their war-toys. The Zio-war-toy-boyz might be out a few $$, but so what ?


what i sometimes do when i see homeless people is offer them bottled water. :o