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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Jamey who wrote (4391)2/18/2008 9:15:37 PM
From: Real Man  Read Replies (1) | Respond to of 71447
 
Yes, for sure people deserve to get back what they paid into
the system. That money has been stolen. There is no SS
crisis, the trust has trillions of "special
treasuries", the government IOUs. The total amount in
these IOUs is probably much greater than reported
national debt. It's the government that is insolvent because
it can't possibly pay back what it borrowed from the
SS trust over the years. None of that matters, we already
heard that it's the SS trust that is running low on cash.
This amounts to a default by the government on the special
IOUs that it put in the SS trust fund. But... who knows about
that? Was this ever openly stated by the press? No, of course
not.

Unfortunately, the elderly and the disabled often suffer the
most in times of economic crisis.