“Money We Can Believe In”

“As Good As Gold”

For those who lean left or right, I would have created the same currency for Bush had I thought of it then. Contrary to mainstream media belief, the Republicans were big spenders too during the Bush years. They have only become fiscally conservative to have something to counteract the Democrats with since this mostly neo-conservative Republican party has been duped into loving and supporting wars (you know who you are). How Christian of you…

Understand the Truth

I am neither left nor right in my political views. The media would have you argue left versus right politics till you are blue or red in the face. The whole time the elites of the world, including those who are in Congress, you know, the one’s you keep electing to office each year, are destroying our monetary system. It’s the monetary system that keeps things going. Congress should let the bad banks fail and we move on with a secure system. Instead, both sides of the political aisle, in the name of “saving the system” only put us further into debt and deficits.

So What’s Next?

If you are a Christian, Atheist, Black, White, Gay, Straight, you are being affected by what Congress does. It matters not who is at the top except for the executive powers they abuse.

I will create a new currency exposing the same issues for the next President if Obama doesn’t get elected to a second term, although Romneyazillion just doesn’t have the same zing to it…

The point of the Barackazillion currency is to mock our Federal Reserve System that continues to print money out of thin air in allowing Congress to pay for things (wars, deficits and national debt), thus enslaving us for years to come. This has to end! Electing a different leader doesn’t change anything!

I’ve personally used the Barackazillion to pay for a taxi ride. I convinced the driver that it was a new currency available here in the U.S. and he accepted it (I later paid cash after testing out my theories that I could convince people it is acceptable currency). This is the level we have devolved to in America. People believe anything they hear…like from the mouths of Congress and the media. In the end, Congress will do what the elitist want them to do. They’ll bail out the banks. They’ll bail out big business. They’ll have you pay for it. Why don’t you citizens here in America understand this? Why do you believe everything the media tells you to believe as if it’s Gospel? The media is complicit in what is happening too. Why don’t most of you who are glued to the television get it? Of course there are exceptions to this…more people are waking up.

Much of this analysis I do will be explained further in my forthcoming book, “We the Serfs.” I have spent the last 5 years working on this book and have put all the pieces of the puzzle together for you to understand what’s really going on in America. It is a Christian/Political book based on facts. It is also a book that those of any other religion, ethnicity or sexual orientation, will agree makes sense. Of course those in Congress and the media won’t really like it, except for a few.

This isn’t any kind of conspiracy theory either. When I say the media is complicit, I can prove it. Of course there isn’t any media in America that will allow me to explain, so I am going after those who keep the truth from U.S. citizens by mocking them. It’s rather easy for me to do you know… Naturally, creating a currency that competes with Federal Reserve Notes would not be something that Congress or the Federal Reserve would want for us citizens. That’s why they tax gold and silver at 28%. They don’t want competition to their monetary system scheme. But unfortunately, it is this scheme that cannot last, and you will be the one left without a chair at the end unless you do something now.

Solutions

Congress would not be able to do this if there was no Federal Reserve enabling them to spend more than they have available. Congress would not be able to keep spending more than they have available if there were a Constitutional amendment to constrain their spending to income earned like the rest of us have to do living here in America.

Ending the Fed and implementing a Constitutional amendment would result in the following;

• The over-spending by Congress would end
• The wars would end and lives saved
• The economy would recover

You have choices come election time. That’s what the media would have you believe. But no matter who you elect won’t change the flawed system. The rules have to change first, and we elect people who will abide by those rules. Every Congressman swears to uphold the Constitution. They simply don’t once in office. So taking away one of their tools that allows them to spend like drunken sailors is the first step. We must End the Fed. A second step is to implement a Constitutional amendment that constrains Congress with SEVERE penalties, including personal ones (loss of government pension, loss of health care benefits in retirement, etc.), if they don’t adhere to it. Without the penalties, Congress will continue to abuse us citizens like they have since 1971. Make it personal and they’ll act in our best interest rather than the elite’s. After all, it is We the People they serve.

There is of course more to it than these simple changes. Again, this will be explained further in my forthcoming book.

What happens if there are no Congressional constraints and the Federal Reserve continues to implement Quantitative Easing?

If we don’t do something that stops this madness that Congress and the Fed have become, the result will be “We the People Serfs.” It will result in the end of the greatest country’s economic system on earth. It will result in the end of our monetary system as we know it because everything Congress and the Fed does is unsustainable. It’s simple math folks…there’s a reason why our kids calculators can’t compute one Trillion….or one Barackazillion (you really do have to watch the Barackazillion video).

We must live within our means as a nation for the system to work! Everyone else has to! This is the issue…

Feel free to pass this message on to your family and friends…or, do nothing and just elect the same people into office who cater to the elite’s because they have the tools to make themselves wealthy at your expense. It’s up to you to be proactive. Enlightenment can come with a simple forwarding of this message….

Related posts:

1. We’re Winning The War On Terror!
2. Your Senate Hard at Work Spending Your Tax Dollars and Increasing the Federal Debt Again
3. America’s Infrastructure In 2009: Grade “F”

So where do the Social Security trustees get their information to make their current projections? Looking at their 2004 projections shows the worst case scenario is already close to reality here in 2009.  From the 2004 OASI Fund Trustees Report (OASI stands for Old Age Survivor Insurance):

Uncertainty of the Projections

Significant uncertainty surrounds the intermediate assumptions. The Trustees have traditionally used low cost (alternative I) and high cost (alternative III) assumptions to indicate this uncertainty. Figure II.D7 shows the projected trust fund ratios for the combined OASI and DI Trust Funds under the intermediate, low cost, and high cost assumptions. The low cost alternative is characterized by assumptions that improve the financial condition of the trust funds, including a higher fertility rate, slower improvement in mortality, a higher real-wage differential, and lower unemployment. The high cost alternative, in contrast, features a lower fertility rate, more rapid declines in mortality, a lower real-wage differential, and higher unemployment.

This “high cost alternative in the 2004 report is represented by the numeral III in the graph below, showing Social Security funds to run out by 2031.

Question to Ponder: If the governments own projections from five years ago have resulted in the worst case scenario coming to fruition in just a few short years, what does this hold for today’s projections on how long the Social Security Fund will last?

Today’s projections show a projection of funds running out shortly after the beginning of 2028 as shown in the graph below.  Please note that the Trustees graphics have gone downhill in the last five years.  It looks like government is cutting back in some areas.

The Truth of the Matter

One can choose between I. low-cost projections, II. intermediate-cost projections and III. high-cost projections in the graph above.  If you believe the Social Security Trustees high-cost projections, the fund for Social Security benefits and Disability benefits combined will run out in the year 2025.  The Disability portion is scheduled to run out by the year 2016.  That’s just seven short years from today, assuming things remain the same.

Why Use the “High-Cost” Projections?

Take a look at what our past and current administrations are doing to the economy.  The current budget deficit is slated to run 1.6 Trillion for 2010 and $9 Trillion for the next decade to include $1 Trillion for an overhaul of the nations health care system.

This is new debt added to the current debt of $11.8 Trillion.  Where will this money come from?  Answer? Inflation and higher taxes.

To make matters worse, the interest on the assets in the fund are projected to be lower through 2012 than in last year’s report because of the lower interest rate environment.

Social Security Won’t Run Out of Funds…..However….

How is adding debt to more debt going to solve any of America’s problems in following through with the promises to seniors who have trusted their government to at a minimum give them their money back they put into the system?

Answer?  The Government is very capable of paying all the money back that they have collected from citizens over the years.  The problem is that the dollars they collected will have a much, much lower purchasing power than the dollars they are paying out.

This is the effect of the U.S. government creating and carrying so much debt. The government can always, through the Fed, create as much money as it needs to pay seniors their social security check just by the press of a button.  But what most in America don’t understand is what effect the current spending will have upon their future income’s purchasing power.  If you’re asking for health care overhaul today, how will it be paid for tomorrow?

The System Is Broke, Sure, But Should I Be Worried?

Unfortunately for those who live on Social Security, the answer is yes, you should be worried.  The prices of items just ten short years ago are much higher than they are today.  Ten years from now, prices will be much, much higher than they are today.  If you rely on just social security CPI adjustments, they will come, but won’t keep pace with real inflation.  Some of you will be forced to make alternative decisions on where to live.  Younger families will be forced to take in their older relatives.

For those that have time on their side, they can do something about it by buying gold to insure they are prepared for the dollar devaluation that is sure to come.  Gold since 2000 has kept up with inflation and will continue to do so.

Your financial advisor won’t tell you about gold because most of them are ignorant of how gold fits into a diversified portfolio.  Financial guru Dennis Gartman was on CNBC just today talking about how he would recommend 2% to 3% invested in gold, but laughingly said at the most 5% because, “you can’t eat gold.”

Well Dennis, you can’t eat paper dollars either, can you?  Ask yourself this question: “Will 5% of your portfolio in gold protect the 95% that is subject to the fall of the U.S. dollar?”  Answer:  No.  This is what Gartman and other financial advisors don’t understand.

I met Gartman once.  He said he is wrong over 80% of the time.  You can count his current comments about gold in that 80%.  Sure, gold could fall in price from here with a temporary dollar move higher.  But in the end, all of this government spending will come back to bite seniors pocket books every time they head to the grocery store.  Our Government reaps what it sows.

Related posts:

1. America’s Infrastructure In 2009: Grade “F”
2. Vote For Those That Voted “NO” To the Bailout Come November
3. We’re Winning The War On Terror!

Stock market is falling apart…

Dollar has fallen 40% since the war began…

World food crisis because of rising food prices…

More people IN THE U.S. getting food from local food banks…who are low on supplies…

Real inflation rate in double digits (you know..utilizing the same criteria for figuring inflation from the Carter years)…

Housing bubble has burst…

Consumer debt over 2.6 trillion…

National debt over 9.3 trillion…

Trade deficit averages 58 billion a month…

Budget deficit in the hundreds of millions doesn’t even include the cost for the wars…

Real Unemployment near 14% when you include the “discouraged workers…”

Industrial production has contracted year over year…

Oil and Gasoline prices at record levels…

There are no consequences to our actions around the world are there?

Things are going real well! We’re winning! We’re winning!

Meanwhile, seniors on a fixed income are crying…

Where we go from here I prefer not to dwell on…

But hey! …we’ve got Obama or McCain to save us!

Editor’s note: I did not include in the above analysis, the losses of liberty to include; the patriot act, various house and senate bills that will take away more of our freedoms, including your right to free speech in criticizing the U.S. government that passed the House by a huge margin (Senate Bill – S. 1959), legal wire tapping and domestic spying (FISA), right to detain indefinitely, TSA pat down search abuse and now body scanners, terrorist watch list now over 900,000, real ID in the works, International Cyber Crime Treaty and loss of private property through Eminent Domain to name a few.

YOUR ELECTED CONGRESS HARD AT WORK!

To do something about those elected Congressmen and women, read Alex Wallenwein’s fine column.

Doug Eberhardt

Related posts:

1. Social Security Will Be There For You, However…
2. The Left and Right Love and Need War
3. America’s Infrastructure In 2009: Grade “F”