Tag Archives: Federal Reserve

Federal Reserve is now big part of National Debt for bailing out banks; Social Security $$ not owed to us?

What government pretends to owe…

National DebtThe Social Security Trust Fund of some $2.8 trillion is often listed in charts – such as the one above – as part of the National Debt. This particular graphic, the latest available, is from the Federal Reserve, an institution that is part of the huge debt and is owed $2.465 trillion by taxpayers.

The difference between the Social Security “debt” and the Fed debt is an amazing accounting sleight of a sharp pencil. Continue reading →

Banker elite Alan Greenspan is 90 and fabulously wealthy. Why he wants to cut your Social Security.

 

Alan Greenspan, former Federal Reserve chairman, current hubby of Andrea Mitchell (Hillary Clinton’s talking head at NBC), and long-time member of the Trilateral Commission, has a big problem

Populism!

Al isn’t mad at the “pop” in pop-out-of-the-cake by some former girlfriend, like Barbara Walters. He sees a dangerous “pop”, the worst kind  – the potential revolt of what he might call the “vast unwashed multitude of the deplorable and nonredeemable.”

Google identifies the threat to Al this way: Continue reading →

Fed Chairman Blames Banks For Continued High Unemployment


The investment cash is going to China, India, South Korea and Vietnam, where factories are being built by American companies to make products to export to the U.S. and elsewhere. Those countries rebate the local Value Added Tax (around 20%) to exporters because most every country has their own VAT on products coming into their countries – EXCEPT THIS COUNTRY. In addition, most countries have tariffs on incoming goods if their local economy needs to promote manufacturing jobs.

If we introduced a Value Added Tax here to replace the Income Tax, business would pay an additional 20% to import into America, giving us real tax revenue, instead of sodomizing the middle class.

Ask yourself why almost every nation in the world has a VAT and encourages exports and discourages imports. Could it be big business benefits while Americans are the dumb consumers who allow this travesty sold to us as “free trade?”
Read the Article at HuffingtonPost

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