REALLY BEHIND PRIVATIZING SOCIAL SECURITY?
March 10, 2005
Why all of a sudden has Mr. Bush decided it's time to "privatize" social security, the "sacred cow" of politics? More like the sacred swindle. For those who might not be familiar with how social security actually works, I respectfully direct you to this column. It is imperative that Americans fully understand how this Ponzi scheme works. Social Security can and must be funded for those who depend on it, but let this taxing scheme die a natural death because it's bad for America.
But, why the big push by Bush at this point in time? My good friend, Harvey Gordin, who owns El Dorado Gold, is a 29 year veteran of Wall Street and one of the premier experts on market forces, gave me his take the other day: All the warning signs are right there for people to see, but they either don't want to see them or have no understanding of our fiat money system and how it is destroying our economy - right along with "free trade." Harvey believes that when you analyze the economy and Wall Street, you can come to no other conclusion: Bush and his banking masters need those social security taxes and endless IOUs - in the stock market to prop it up. Wall Street desperately needs that social security "money" to take pressure off creating more worthless Federal Reserve notes to help slow down inflation. A disaster in the making.
For those who might think this is a bunch of baloney, let's look at just a few recent items:
Americans are ignoring complete financial disaster. These are facts that cannot be ignored even though they contradict the outright lies coming out of Washington, DC and special interest think tanks that are feathering their own bank accounts by manipulating the truth.
A column appeared March 5, 2005, titled 'Buffett deepens dollar worries' by Dan Roberts. In it, Roberts writes: "Warren Buffett has warned that the US trade deficit risks creating a "sharecropper's society" as his letter to shareholders sounded an increasingly bearish tone about the value of the dollar..... Mr. Buffett's bet against the dollar also grew. Foreign exchange contracts - mostly short positions against the US dollar - nearly doubled over the year to $21.4bn, generating $1.8bn in gains as the greenback fell against other major currencies.....Mr Buffett stepped up his warning about the US trade deficit and the need to finance it with foreign investment, devoting more than two full pages of the annual report to the topic:
"This force-feeding of American wealth to the rest of the world is now proceeding at the rate of $1.8bn daily, an increase of 20 per cent since I wrote you last year," he said. "Consequently, other countries and their citizens now own a net of about $3,000bn of the US." In particular, he warned that this meant a sizable portion of what US citizens earned in future would have to be paid to foreign landlords."
OPEC recently announced they predict crude oil will go as high as $80.00 per barrel in the next two years. Too many Americans have no real understanding that oil drives the industrialized world. It's not just about a fifteen cent hike at the pump - although that hurts everyone, particularly those at the lowest economic level.
Breaking news: According to figures just released by the industry, China shot to the top of the mountain regarding predictions on textile exports to the United States since global quotas were lifted in January 2005. According to the U.S. Bureau of Labor Statistics, 12,200 more American jobs were lost in the U.S. apparel and textile industries - just in January alone. Every time you buy Made in Communist China, you are costing an American their job. This buffoon in the White House and the imbeciles in Congress who have caused this destruction of American jobs should find themselves out of a job.
Bob Chapman's latest International Forecaster has more unwelcome news:
"Four years ago we passed the point of no return financially for the United States and the remainder of the world. Our situation today is far worse than it was in the 1930s. Our government and our banking system were bankrupt in the 1930s and they are bankrupt today. We are being forced to adopt a fascist system led by elitist corporatists and our government, something we were able to avoid during the depression. This time it is all going under. Between 1945 and 1960, we created real wealth. Then we began with GATT, which eventually evolved into WTO. For the last 20 years, we have eliminated tariffs, shipped entire industries overseas and have outsourced many of our best jobs to the third world. Most of the people we elected to Congress are either paid off or too dumb for words.
"Anyone who cannot recognize that we have an economic, fiscal, monetary and financial crisis is just plain dumb. We have a decadent country that no longer wishes to produce, just spend. Our technology is being shipped out, over 50% of our factories are gone, we now import agricultural products and our great skills are being lost. Our country is rotting and dumb Americans stand by and watch. As we said last week, we are not alone; Europe is in the same predicament.
"Most of us stand by and watch as our President prepares to rape Social Security and ultimately destroy it. Socialism is bad, fascism is worse. Social Security is the only bulwark left for the disabled and retiree. Let us suppose you put your money in the stock market and it collapses, like we believe it will, you will be out of your only backup. Private pension plans are already in jeopardy. If the market goes down, many of them will fail, so you do not want to lose your Social Security.
"As we pointed out previously, Wall Street expects to make more than $1 trillion on the investment of Social Security funds. This infusion of cash would provide 25% of all cash flows into Wall Street stock and bond funds in the foreseeable future. Needless to say, Wall Street is directly financing the anti-Social Security campaign.... The privatization of Social Security is a vast looting operation for the benefit of Wall Street and others."
A 52 page report coming out of Dubai on the world's gold is a warning shot that is being heard all over the world - except in America's living rooms where mindless trash like 'Desperate Housewives' and 'Survivor' trump any excursion into reality. This report also covers the unsustainable paper dollar standard. For those who don't know what that means, in a nutshell: America's debauched currency is standing on the cliff.
I am so delighted that Dr. Edwin Vieira has now become a regular columnist for NWVs. I have had the honor and pleasure of knowing Edwin for many years. His first column has a great deal to do with this subject because everything revolves around the privately owned "Federal" Reserve Banking System. For those who might wish a quick primer on the "FED," you can obtain a free copy of my booklet, Why A Bankrupt America, from El Dorado Gold; no strings attached.
Having said all that, Edwin's column gives a warning Americans should take as seriously as they would a heart attack. Edwin's take on the Department of "Homeland Security," being run by a bona fide gangster named Michael Chertoff (recently confirmed by a corrupt, rotten Senate) is right on point. DHS is not there to protect us from any terrorists. It is there to protect the King and his Court in Washington, DC. Go back and read Edwin's column because this is very important.
Why would I make what sounds like an absurd statement? Because nothing in politics happens by accident. I would like to direct you to a huge article that was carried in the Forum Section of the Sacramento Bee newspaper on November 30, 1997. Please bear in mind that my husband is a retired U.S. Army Colonel with 27 years of service. We know all about these military analysts and how papers they write very often turn into policy.
The headline for this article reads: "The next real war we fight is likely to be on American soil. Our civilian-military face-off"
One startling quote in this article is from Admiral Stanley Arthur, Commander of U.S. naval forces during the Gulf War, where he says, "Today the armed forces are no longer representative of the people they serve. More and more, enlisted as well as officers are beginning to feel they are special, better than the society they serve."
When you turn to page two of this story, the headlines read, "Bill of Rights no obstacle for the Corps." Another disturbing quote jumps out at you, "Because of the rising potential for civil disobedience within the inner cities it is 'inevitable' the U.S. military will be employed more often within American borders." Timothy Reeves, The U.S. Marine Corps and Domestic Peacekeeping, a paper written at the Marine Command and Staff Colleges. Why the concern that there is a potential for civil disobedience by Americans? Where did this come from? I can make an educated guess based on my 14 years of research. In case no one has noticed, the bulk of our population is being forced into these big inner cities whose infrastructures are unable to sustain such masses.
Further into this shocking story: "...Major Reeves notes, when faced with violating doctrine or violating the law, some Marines chose the latter course and detained suspects and conducted warrantless searches. Indeed, with characteristic Marine Corps bluntness, the major states that, "in interviews with Marine officers involved in domestic peacekeeping missions with officers responsible for articulating the Marine Corps' policy on domestic peacekeeping, it became apparent to the author that Marines took whatever action was necessary. At times, these actions required Marines to violate U.S. law.
"Similarly, Marine Capt. Guy Miner reported in the Gazette that Marine intelligence units were initially worried by the need to collect intelligence on U.S. citizens, which would violate a 1981 Executive Order, but that "this inhibition was quickly overcome...."
And to chill you even further, "To enable the Marines to execute these new domestic missions in the same way that they do abroad, Major Reeves calls for major alternations in U.S. laws. "Experience from the Los Angeles riots," he warns, "demonstrated the need to grant U.S. Marine forces the legal right to detain vehicles and suspects, conduct arrests, searches and seizures in order to accomplish the peacekeeping mission." Now, do national IDs and driver's licenses take on a new meaning?
I have scanned this newspaper story here. One thing for certain: posse comitatus is likely to be thrown out the window, although some argue it is already dead since the military was used in Waco to murder helpless women and children. Americans don't seem to find any problem with all these "urban training" exercises being conducted by our military around major cities throughout this country. They darn well should. Just take a look at the toxic process of allowing representatives from the ADL and the Southern "Poverty" Law Center slithering around America giving training classes to local law enforcement on "home grown domestic terrorists." This is not only an outrage, it is poisoning our local law enforcement and brainwashing them into the "us against them" mentality so dangerous to a free people, yet it's been going on for years. Take a look at local law enforcement whenever any politically incorrect group or organization is exercising their First Amendment right to peaceful assembly: full swat gear and an attitude reminiscent of Nazi Germany. What you are seeing is "practice makes perfect."
As Edwin asks in his column, "But why, with all its wealth, power, political and social positions, and other advantages, is the Establishment so suddenly and deeply concerned about its security?" I think all Americans should ask themselves this question and begin to educate themselves on what happens when a country's monetary system based on worthless paper finally self-destructs. There are plenty of other countries who have given us a good look. History has a way of repeating itself.
As Edwin Vieira has told me so many times, countries do not go belly up over an income tax, but they will eventually collapse under a fiat currency system. Sadly, the American people, who have put their blind loyalty behind these crooks in Washington, DC, don't have a clue about what's coming. Others do and Americans would do well to turn off the television set and get the truth before everything they have ever worked for is gone. Heed these words from a very wise man:
"Global free trade will force the poor of the rich countries to subsidize the rich in poor countries. What GATT means is that our national wealth, accumulated over centuries, will be transferred from a developed country like Britain to developing countries like Communist China, now building it's first ocean going navy in 500 years."
"China, with its 1.2 billion people, three Indochinese states with 900 million, the former Soviet republics with some 300 million, and many more can supply skilled labor for a fraction of Western costs. Five dollars in Communist China is the equivalent of a $100 wage in Europe."
"It is quite amazing that GATT is sowing the seeds for global social upheaval and that it is not even the subject of debate in America....If the masses understood the truth about GATT, there would be blood in the streets of many capitals. A healthy national economy has to produce a large part of its own needs. It cannot simply import what it needs and use it's labor force to provide services for other countries. We have to rethink from top to bottom why we have elevated global free trade to the status of sacred cow, or moral dogma. It is a fatally flawed concept that will impoverish and destabilize the industrialized world while cruelly ravaging the Third World." French financier Sir James Goldsmith, December 6, 1993
© 2005 Devvy Kidd - All Rights Reserved
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Devvy Kidd authored the booklets, Why A Bankrupt America and Blind Loyalty, which sold close to 2,000,000 copies. Devvy appears on radio shows all over the country, ran for Congress and is a highly sought after public speaker. Get a free copy of Why A Bankrupt America from El Dorado Gold. Devvy is a contributing writer for www.NewsWithViews.com.
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