The so-called Surplus
The Surplus in the Social Security System never was if you look at what it was supposed to be in the first place. When Mr. Roosevelt introduced SS, it was a pay-as-you-go system with you paying into a retirement account that was your fallback position if all went poorly with your finances. This idea was gradually forgot as we became more and more a debtor nation. Social Security funds were used for General Government bills all throughout the 70's,80's, & 90's. By this time it was generally acknowledged to be a bankrupt, off budget item in which one generation would pay in the funds to immediately be given out to their folks. Anyone who reads the WSJ can tell you that the surplus is nonexistent and the NYC Deficit sign was taken down because it wasn’t confirming the surplus. The supposed reason was that it wasn’t needed anymore as we had licked that problem through good old-fashioned American ingenuity and hard work. Congratulations America.
The Fleecing of America by Harry Dent, the Draco-NWO in the form of OPEC, Alan Greenspan and Mr. Clinton must have got together to perpetrate this hoax on the baby boomers. First harry Dent told us that we were going to have a long bull market lasting well into 2008 because the Baby Boomers wanted funds to retire with. What happens as a result was the Internet Bubble with all kinds of baby boomers making absurd profits on Internet Stocks with no profits themselves. This was the set up. Then Alan Greenspan did his thing injecting huge amounts of liquidity into the economy in early 1999. His so-called reason was to prevent a Y2K meltdown. This was a lot of ballyhoo that no one was taking seriously in March 1999. I was anticipating a Y2K meltdown myself until January 1999 when I saw that we were going to make it through with little trouble. Pretty much everyone who was serious about the problem stopped the panic writing at that time too. Alan Greenspan went further by dropping interest rates three times in succession for good measure. When Americans have money, they spend it. Consumer and Investor sentiment was at an all-time high. Everyone felt rich so the Social Security (off-budget item) was doing well because there was low unemployment also. Americans felt they could not lose. What did they do, they invested in dot.coms and NASDAQ tech stocks with only hopes of profitability, so they could retire rich. In May 1999, Alan Greenspan started raising interest rates without taking out the liquidity first. His excuse was the fear of inflation which was at 1.5% by government estimates. He said that even though he personally did not believe in the Phillips Curve about low unemployment causing inflation, it was only prudent to err on the side of caution. He then set out with a vengeance to stop the Stock Market Internet bubble. With each passing month, he saw another fake reason to raise interest rates, without taking out the Y2K liquidity. Mr. Clinton was getting what he wanted, short term bragging rights about the great economy and how he had engineered the surplus. Y2k hit and no problem so Alan Greenspan removed the liquidity fast while continuing to raise interest rates. OPEC was raising oil prices daily back then and helping spread the inflation fears. April 2000 hits, tax revenues are at an all-time high so the surplus idea is going great, but what about the economy and the baby boomers? The Y2K liquidity is gone and the first interest rate hikes are hitting the economy. The NASDAQ Market tanks and does not recover. Still Alan Greenspan is raising rates, as inflation is now at 2.5 % by government estimates. In June 2000, he stops but still keeps the bias toward tightening. 3.3 Trillion dollars of the baby boomers retirement goes up in smoke by 2001.
I find it interesting that oil prices were at all time highs until December 2000 when Alan Greenspan changed his bias toward easing of interest rates. It is amazing how oil prices have come down $10/barrel since Alan Greenspan lowered his guard. December is usually when oil prices are always at all-time highs due to heating oil use in the Northeast USA. It is wonderful how the world can get along when the NWO wants to.
Benefits:
Alan Greenspan gets to come to the rescue again because Americans do not know how to invest.
Mr. Clinton goes out with bragging rights.
Mr. Bush’s son gets the presidency to console his father’s loss in 1992 and assures the Bush family a place in the Illuminati.
OPEC gains billions of dollars they wouldn’t have even had if things were normal.
Inflation goes back to 2 % by government estimates.
Institutions are 3.3 trillion richer since they were short the market all the while.
Oil companies are much richer now than they would have been.
Draco-NWO are happier because a poorer nation is easier to control and Americans lose faith in the stock market. The populace is mad due to the losses and near revolution, which will actuate the Chinese-Russian-German Invasion of America by the UN for the good of the world as a whole.
The Draco have gained an advantage due to the failure of the technology they gave to the NWO to change the world. A bankrupt company can no longer be effective in the marketplace. The NWO succeeds in killing the bull market and in doing so ties their own hands because they use the technology also. While we wallow in sorrow, the Draco can do anything they like because we’re not paying attention anymore. Americans care less about the Moslems due to their involvement in OPEC. In the future, assuming the UN fails to govern the world effectively, the DRACO can become John Galt and save the world from itself.
World religions are again gaining in popularity.
China may get to invade America using our technology and its #one enemy, Japan is almost bankrupt.
By the way, Harry Dent is now an Institutional investor and was actually short the market making his millions while his books still sell well to suckers who want to believe in a totally positive world. So do I, but for every up there is a down in the 3-D world we live in. To be fair to Mr. Dent, his books are actually filled with very good data until the NWO used him as a catalyst for the down side.
Losses:
Americans are poorer now.
Fewer Americans are at work now.
The world is poorer now.
California is without power now.
America is more divided than ever now.
America goes from 6% GDP to 0 in one short year.
The view from hindsight is great.
The Fleecing of America by Harry Dent, the Draco-NWO in the form of OPEC, Alan Greenspan and Mr. Clinton must have got together to perpetrate this hoax on the baby boomers. First harry Dent told us that we were going to have a long bull market lasting well into 2008 because the Baby Boomers wanted funds to retire with. What happens as a result was the Internet Bubble with all kinds of baby boomers making absurd profits on Internet Stocks with no profits themselves. This was the set up. Then Alan Greenspan did his thing injecting huge amounts of liquidity into the economy in early 1999. His so-called reason was to prevent a Y2K meltdown. This was a lot of ballyhoo that no one was taking seriously in March 1999. I was anticipating a Y2K meltdown myself until January 1999 when I saw that we were going to make it through with little trouble. Pretty much everyone who was serious about the problem stopped the panic writing at that time too. Alan Greenspan went further by dropping interest rates three times in succession for good measure. When Americans have money, they spend it. Consumer and Investor sentiment was at an all-time high. Everyone felt rich so the Social Security (off-budget item) was doing well because there was low unemployment also. Americans felt they could not lose. What did they do, they invested in dot.coms and NASDAQ tech stocks with only hopes of profitability, so they could retire rich. In May 1999, Alan Greenspan started raising interest rates without taking out the liquidity first. His excuse was the fear of inflation which was at 1.5% by government estimates. He said that even though he personally did not believe in the Phillips Curve about low unemployment causing inflation, it was only prudent to err on the side of caution. He then set out with a vengeance to stop the Stock Market Internet bubble. With each passing month, he saw another fake reason to raise interest rates, without taking out the Y2K liquidity. Mr. Clinton was getting what he wanted, short term bragging rights about the great economy and how he had engineered the surplus. Y2k hit and no problem so Alan Greenspan removed the liquidity fast while continuing to raise interest rates. OPEC was raising oil prices daily back then and helping spread the inflation fears. April 2000 hits, tax revenues are at an all-time high so the surplus idea is going great, but what about the economy and the baby boomers? The Y2K liquidity is gone and the first interest rate hikes are hitting the economy. The NASDAQ Market tanks and does not recover. Still Alan Greenspan is raising rates, as inflation is now at 2.5 % by government estimates. In June 2000, he stops but still keeps the bias toward tightening. 3.3 Trillion dollars of the baby boomers retirement goes up in smoke by 2001.
I find it interesting that oil prices were at all time highs until December 2000 when Alan Greenspan changed his bias toward easing of interest rates. It is amazing how oil prices have come down $10/barrel since Alan Greenspan lowered his guard. December is usually when oil prices are always at all-time highs due to heating oil use in the Northeast USA. It is wonderful how the world can get along when the NWO wants to.
Benefits:
Alan Greenspan gets to come to the rescue again because Americans do not know how to invest.
Mr. Clinton goes out with bragging rights.
Mr. Bush’s son gets the presidency to console his father’s loss in 1992 and assures the Bush family a place in the Illuminati.
OPEC gains billions of dollars they wouldn’t have even had if things were normal.
Inflation goes back to 2 % by government estimates.
Institutions are 3.3 trillion richer since they were short the market all the while.
Oil companies are much richer now than they would have been.
Draco-NWO are happier because a poorer nation is easier to control and Americans lose faith in the stock market. The populace is mad due to the losses and near revolution, which will actuate the Chinese-Russian-German Invasion of America by the UN for the good of the world as a whole.
The Draco have gained an advantage due to the failure of the technology they gave to the NWO to change the world. A bankrupt company can no longer be effective in the marketplace. The NWO succeeds in killing the bull market and in doing so ties their own hands because they use the technology also. While we wallow in sorrow, the Draco can do anything they like because we’re not paying attention anymore. Americans care less about the Moslems due to their involvement in OPEC. In the future, assuming the UN fails to govern the world effectively, the DRACO can become John Galt and save the world from itself.
World religions are again gaining in popularity.
China may get to invade America using our technology and its #one enemy, Japan is almost bankrupt.
By the way, Harry Dent is now an Institutional investor and was actually short the market making his millions while his books still sell well to suckers who want to believe in a totally positive world. So do I, but for every up there is a down in the 3-D world we live in. To be fair to Mr. Dent, his books are actually filled with very good data until the NWO used him as a catalyst for the down side.
Losses:
Americans are poorer now.
Fewer Americans are at work now.
The world is poorer now.
California is without power now.
America is more divided than ever now.
America goes from 6% GDP to 0 in one short year.
The view from hindsight is great.
posted by Mike Liesveld @ 8:00 PM
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