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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: tonka552000 who wrote (8633)2/25/2004 11:31:41 AM
From: Jim Willie CB  Read Replies (2) of 110194
 
SS money is taken into general treasury revenues
but without tax deductible consequences to taxpayers
this is an accounting taxation crime
money is borrowed by Congress and ignored as part of what is identified as budget deficit
therein lies the accounting fraud

in the Greenspasm testimony today, I no longer believe he is succeeding to deflect all the financial muck tossed his way

$2 trillion of the $7T in USTrez debt held by foreigners is not a problem
"not in the foreseeable future"
his facial expression told me he didnt believe his own words

a Congressman called it the largest foreign aid program in our history, to give out interest yield
he got it backwards
it is the largest liquidation and forfeiture of our national wealth in its history

/ jim
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