ONLY THING OF VALUE IS CUTE WOMEN, BEER & LOBSTER & STAKE DINNER

You guys layed-off the right-wing wacko stuff for awhile ...but now you're back in force.

Goodbye,
Mike

Like this post explains (good post btw) - the inevitable failure in social security is that it's a pyramid scheme. At the time it was concocted, the American population growth was booming...and had it continued to boom, SS would remain solvent. But in the post baby-boomers period, the growth in American population declined, and therefore you have a situation where there are more people taking out of SS than you do putting into SS, which is issue #1. Issue #2 is that people live longer today, which means they're collecting SS for longer periods of time...again...crippling the pyramid scheme.

Those seemed like 2 examples of individuals creating viable banking solutions, and the powers of the time cracking down on them. I mean, if there were any more banks, maybe a 700 billion dollar "bailout" payday wouldnt yeild a full 10billion dollars to the ceos of those banks who have feverishly worked for the past 8 years to stuff their closets with cash whilst raping an entire country of any degree of wealth we held.

You say that these are pyramid schemes, the first one definately is.

2, 3,

4 is a pyramid scheme... and wait, how did he become filthy rich if he was in prison for his crimes... or did he use his illegally accrued finances to get himself out to find jt and the boys?

7) while this one is quite despicable, it isn't a pyramid scheme, its capitalism. A pyramid scheme denotes that there is no REAL product being sold. This article states that he was in 80000 pharmacies. Does rhino horn work as an aphrodisiac? I don't think so, but it doesn't change the fact that you can sublet production to "franchise" farmers, sell the product, and turn a profit.

and social securty? now that you mention it, ya, its a pyramid scheme. Im happy Obamas in, because he is more tolerant of socialism like FDR was. It was what screwed social security. FDR left office, and then year later, Regan started a broken America, where cost sored, but income nearly vanished. Bush & Bush have kept this idiotic idea alive. I dont get the morons that vote Red. Conservatism has its merits, but Regan, Bush, and Bush are Neo-cons, not conservatives. Bill almost got the budget balanced, worked on healthcare, worked to lower inflation, then the country elected dick-head.

If obama moves forward with his plans for universal (socialized) healthcare, America might FINALLY once more be moving in the right direction, and maybe then the social security that has been taken from me without choice my entire adult life could possibly be NEAR sustainable for my retired life. The key part though, getting the insane cost of healthcare almost down to the floor, and within the next 3 years or so before social security collapses altogether.

If I write you a check for one thousand dollars, you can then buy a thousand dollars more stuff.

If I write myself a check for one thousand dollars, I am exactly where I started.

If JP Morgan owes Bernie Madoff fifty billion, Bernie Madoff has assets.

If Bernard L. Madoff Investment Securities LLC owes Bernie Madoff fifty billion, Bernie Madoff has nothing, as his investors sadly have found out.

This without question, is the largest and longest running Ponzi scheme in history.
Learn more at
http://video.google.com/videoplay?docid=-9050474362583451279
or
http://www.chrismartenson.com/crashcourse

those bonds are as real as the bonds owned by China and Japan and all the other countries of the world who have hundred of billions of dollars parked in T-bills. it doesn't matter who owns them, they are real, and they can (and will be) cashed-in. that certain administrations have found it convenient to spend, in advance, the money which backs those bonds is a different story.

Some people say that Social Security would run out of money long before that (maybe as soon as 2018-2020) because of what secret asian man said: the surplus is "invested" in T-bills, which is basically a government IOU. The surplus money is (and has always been) spent by the government as part of the current year's budget expenditure.

The unique thing about the US government is that it prints money. So it can "pay" its liability by printing more currency. The problem will be inflation.

If Bernie Madoff wrote Bernie Madoff a 50 billion dollar check, that would not make his fund solvent, any more than taking billions of dollars government debt (future Social Security liabilities) and turning them into another form of government debt (T-bills)

The fact of the matter is no assets have been purchased to cover the expected outlay.