ktlight
27th July 2011, 08:13
FYI:
Treasury Secretary Tim Geithner recently told FOX News, "We write 80 million checks a month. There are millions and millions of Americans that depend on those checks coming on time."
That quote, all by itself, tells you just about everything you need to know about what America has become and why it's now headed for certain economic collapse. In a nation that once began with the idea that government should stay out of the way and leave people alone to create their own abundance through hard work and private savings, we now have horrifyingly transformed into a nation of 80 million dependants who need their government checks each month just to survive.
And why does the government "owe" all these people their benefits such as social security? Because the U.S. government confiscated that money from the people by skimming it off their paychecks, year after year, and then promising all the workers they would eventually get that money back.
That was all a Big Government lie, of course. Social Security was the greatest financial con ever perpetrated on the American people. It's really just Big Government saying, "We'll force you to give us your money, and then we'll spend it all, and we'll somehow promise to pay you back someday." Except that for tens of millions of Americans who have paid into social security like me, we are unlikely to ever see a dime of that money because the government is going to financially implode well before we ever reach the benefits age.
The financial blowout of the world's greatest debtor nation
You see, even while the government was promising it would pay back all the money it stole from workers, it was simultaneously conspiring with the Federal Reserve to devalue the dollar and thereby erode the actual purchasing power of the "benefit checks" people receive. Since the Federal Reserve took control of the U.S. money supply in 1913, the U.S. dollar has lost 97% of its value, didn't you know? (http://www.lewrockwell.com/orig11/c...) And the remaining three percent is about to vanish in one final grand blowout of the world's greatest debtor nation known as the United States of America.
A recent review of the actions of the Federal Reserve, for example, reveal that this rogue organization created $16 trillion in new money and then handed it out to banks around the world (http://www.unelected.org/audit-of-t...). Here's just a partial list of the top recipients of all this new money:
Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Are you getting the picture here? The Federal Reserve is DEVALUING the dollars you hold (and earn) by creating NEW money (by the trillions) and handing it out to the world's richest banksters! (Did you notice they never create money and hand it to YOU? It only goes to the wealthy elite...)
This action is directly causing the price inflation you see right now on all the products and services you buy every day. Have you noticed how much food prices have increased lately? It's also car prices, home rental rates, construction materials and hourly service fees. So by pumping new money into the hands of rich banksters, the Fed is effectively stealing purchasing power from YOU and everybody else holding U.S. dollars or U.S. debt.
This is the greatest financial swindle of the century. (Most people don't realize that because they don't understand the dynamics of money creation and dilution of the global money supply. All they know is everything keeps getting more expensive and they don't know why...)
source to read more
http://www.naturalnews.com/033135_national_debt_financial_collapse.html
Treasury Secretary Tim Geithner recently told FOX News, "We write 80 million checks a month. There are millions and millions of Americans that depend on those checks coming on time."
That quote, all by itself, tells you just about everything you need to know about what America has become and why it's now headed for certain economic collapse. In a nation that once began with the idea that government should stay out of the way and leave people alone to create their own abundance through hard work and private savings, we now have horrifyingly transformed into a nation of 80 million dependants who need their government checks each month just to survive.
And why does the government "owe" all these people their benefits such as social security? Because the U.S. government confiscated that money from the people by skimming it off their paychecks, year after year, and then promising all the workers they would eventually get that money back.
That was all a Big Government lie, of course. Social Security was the greatest financial con ever perpetrated on the American people. It's really just Big Government saying, "We'll force you to give us your money, and then we'll spend it all, and we'll somehow promise to pay you back someday." Except that for tens of millions of Americans who have paid into social security like me, we are unlikely to ever see a dime of that money because the government is going to financially implode well before we ever reach the benefits age.
The financial blowout of the world's greatest debtor nation
You see, even while the government was promising it would pay back all the money it stole from workers, it was simultaneously conspiring with the Federal Reserve to devalue the dollar and thereby erode the actual purchasing power of the "benefit checks" people receive. Since the Federal Reserve took control of the U.S. money supply in 1913, the U.S. dollar has lost 97% of its value, didn't you know? (http://www.lewrockwell.com/orig11/c...) And the remaining three percent is about to vanish in one final grand blowout of the world's greatest debtor nation known as the United States of America.
A recent review of the actions of the Federal Reserve, for example, reveal that this rogue organization created $16 trillion in new money and then handed it out to banks around the world (http://www.unelected.org/audit-of-t...). Here's just a partial list of the top recipients of all this new money:
Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Are you getting the picture here? The Federal Reserve is DEVALUING the dollars you hold (and earn) by creating NEW money (by the trillions) and handing it out to the world's richest banksters! (Did you notice they never create money and hand it to YOU? It only goes to the wealthy elite...)
This action is directly causing the price inflation you see right now on all the products and services you buy every day. Have you noticed how much food prices have increased lately? It's also car prices, home rental rates, construction materials and hourly service fees. So by pumping new money into the hands of rich banksters, the Fed is effectively stealing purchasing power from YOU and everybody else holding U.S. dollars or U.S. debt.
This is the greatest financial swindle of the century. (Most people don't realize that because they don't understand the dynamics of money creation and dilution of the global money supply. All they know is everything keeps getting more expensive and they don't know why...)
source to read more
http://www.naturalnews.com/033135_national_debt_financial_collapse.html