Trillion Dollar Coin

On Jan 12, 5:20*pm, Frank Galikanokus
wrote:
oly wrote:

On Jan 11, 12:35 pm, Frank Galikanokus
wrote:
oly wrote:

On Jan 10, 5:02 pm, Frank Galikanokus
wrote:
oly wrote:

On Jan 8, 9:56 pm, "bremick" wrote:
"oly" *wrote in message

...

On Jan 8, 8:17 pm, "bremick" wrote:

"Frank Galikanokus" *wrote in ...
oly wrote:

On Jan 5, 10:11 pm, "bremick" wrote:
"Jerry Dennis" *wrote in message

...

No link to this rumor, but it was on TV on The Five last night, and
Huffington Post ran a blurb on its web site. *Seems the feds are
seriously considering issuing a platinum coin worth a trillion dollars
to avoid the debt ceiling.

I did a little math on the deal using the current $100 Platinum Eagle
as a base. *Using the ratios for 1 oz. PAEs, it would take 10 billion
troy oz., or just over 342,857.142 86 tons (US), for a single trillion
dollar eagle.

Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change.

Jerry
----------

Would it actually be money if it isn't intended for circulation? *I'm
thinking of those 1933 Saints here. *If so, what would that really
accomplish? *I'm sure there probably were a bunch of legal experts
involved
if the govt ever seriously considered it. *Could it be legally "worth"
a
trillion if it simply said so on it with a Congressional blessing? *Or
would
it require a trillion worth of platinum? * Sadly, this government
seems
to
be reduced to weirdness rather than common sense to reduce our debt.

I think the idea (which is just an accounting trick) would be to take
a simple one ounce platinum blank and stamp it "one trillion
dollars".

There is no need to attempt to make the intrinsic value of such a coin
anywhere close to its "face". *The Traesury Secretary would have the
very few of these coins which were required to be made up sent to some
vault in New York City or Washington D.C.

Congressional approval probably doesn't mean squat.

But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.

In Weimar Germany in 1922-23, they didn't use any more paper to print
a million mark note than they did to print the Imperial pre-war one
hundred mark note (indeed they used a smaller price of paper).

Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. *The
money cheaters can create more "money" in a computer keystroke than
you or I could "earn" by ten thousand lifetimes of "work"..

oly

I agree!

So what are we going to do about the millionaires and billionaires and
their
tools that
are trashing our economy and threatening our freedom?

JAM
--------

I say let's vote them out of Congress!!- Hide quoted text -

- Show quoted text -

I think that the old comic strip "Pogo" (Walt Kelly) quote went
something like "We have met the enemy and it is us" and that it
applies here.

Lots and lots of people get more from "the System" than they ever put
in. *My poor old paternal grandparents clearly did towards the end of
their lives. *My parents did too (but they were very successful and
they did put in quite a lot first, up-front). *I am now angling to
game "the System" for myself. *Being personally honest about what you
tell yourself about yourself is still rather important. *Sauve qui
peut, baayy-beeee.

oly
-------

For every person who is fortunate and healthy enough to "game the system",
there are two or three who pass away well before recouping what they put in.
On the other hand, there are some who work for a only couple years but incur
a disability and then collect for the rest of their lives. *I'd prefer to
stay healthy and take my chances. *Good luck to you as you enter a new phase
of you life.

Bruce- Hide quoted text -

- Show quoted text -

And if I'm being ****y, I'll take issue with your demographics and
return of retirement contributions. *Most people who have been
presently been retired for two decades got their own contributions
back within three years or less. *Presently, more recent retirees are
looking at five to seven years before they start playing on the
house's money. *There are NOT two or three people dying early for
every one that actually reaches retirement age. *NOT the case at all.
If that was true, the crap debt would not be piling up the way it is.

Maybe Timmy should mint about a dozen of them trillion dollar
platinums.

oly

Social Security does not contribute to the national debt.

JAM- Hide quoted text -

- Show quoted text -

Yes, Social Security does indeed add to the debt, but it would be easy
to afford if the war spending of the last decade had never taken
place.

Yes, Social Security does indeed add to the debt, but it would be easy
to afford if the bank bailouts of the last five years had never taken
place.

oly

The only way SS adds to the debt is that the our government has been borrowing money from
the SS fund.

JAM- Hide quoted text -

- Show quoted text -

The sign of a really really really good Ponzi scheme is that its
victims will defend it to the death - the death of the scheme, or the
death of the victim, whichever comes first.

oly

They myth that SS is a Ponzi scheme has been proven false many times.

Look it up, or continue taking your cues from the people that have you
bamboozled.

JAM- Hide quoted text -

- Show quoted text -

The sign of a really really good Ponzi scheme is that its victims will
defend it to the death - the death of the scheme, or the the death of
the victim, whichever comes first.

oly

On Jan 12, 5:22*pm, Frank Galikanokus
wrote:
bremick wrote:

"Frank Galikanokus" *wrote in ...

bremick wrote:

"Frank Galikanokus" *wrote in ...

oly wrote:

On Jan 8, 8:17 pm, "bremick" wrote:
"Frank Galikanokus" *wrote in
...
oly wrote:

On Jan 5, 10:11 pm, "bremick" wrote:
"Jerry Dennis" *wrote in message

...

No link to this rumor, but it was on TV on The Five last night,
and
Huffington Post ran a blurb on its web site. *Seems the feds are
seriously considering issuing a platinum coin worth a trillion
dollars
to avoid the debt ceiling.

I did a little math on the deal using the current $100 Platinum
Eagle
as a base. *Using the ratios for 1 oz. PAEs, it would take 10
billion
troy oz., or just over 342,857.142 86 tons (US), for a single
trillion
dollar eagle.

Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and
the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump
change.

Jerry
----------

Would it actually be money if it isn't intended for circulation?
I'm
thinking of those 1933 Saints here. *If so, what would that really
accomplish? *I'm sure there probably were a bunch of legal experts
involved
if the govt ever seriously considered it. *Could it be legally
"worth" a
trillion if it simply said so on it with a Congressional blessing?
Or
would
it require a trillion worth of platinum? * Sadly, this government
seems
to
be reduced to weirdness rather than common sense to reduce our
debt.

I think the idea (which is just an accounting trick) would be to
take
a simple one ounce platinum blank and stamp it "one trillion
dollars".

There is no need to attempt to make the intrinsic value of such a
coin
anywhere close to its "face". *The Traesury Secretary would have the
very few of these coins which were required to be made up sent to
some
vault in New York City or Washington D.C.

Congressional approval probably doesn't mean squat.

But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers
and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.

In Weimar Germany in 1922-23, they didn't use any more paper to
print
a million mark note than they did to print the Imperial pre-war one
hundred mark note (indeed they used a smaller price of paper).

Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. *The
money cheaters can create more "money" in a computer keystroke than
you or I could "earn" by ten thousand lifetimes of "work".

oly

I agree!

So what are we going to do about the millionaires and billionaires and
their
tools that
are trashing our economy and threatening our freedom?

JAM
--------

I say let's vote them out of Congress!!- Hide quoted text -

- Show quoted text -

I think that the old comic strip "Pogo" (Walt Kelly) quote went
something like "We have met the enemy and it is us" and that it
applies here.

Lots and lots of people get more from "the System" than they ever put
in. *My poor old paternal grandparents clearly did towards the end of
their lives. *My parents did too (but they were very successful and
they did put in quite a lot first, up-front). *I am now angling to
game "the System" for myself. *Being personally honest about what you
tell yourself about yourself is still rather important. *Sauve qui
peut, baayy-beeee.

oly

oly

The people that are getting more from "the System" than they ever put in
are
the
millionaires and billionaires and their tools that are trashing our
economy
and
threatening our freedom.

JAM
----------

Some of my best friends are millionaires and billionaires. *I often ask to
borrow some of their great tools. *As far as I know, none has ever
threatened to trash our economy or threaten our freedom or eat our
children.
Where do YOU live and what channel are you watching?

This is america, if you cannot afford to buy a politician then you do not
deserve to be
represented.

Investing in a politician can provide you with dividends far in excess of
any other
investment.

JAM
------------

Boy! *I hope you don't have children that pay attention to you.

I hope you and yours begin to pay attention someday, before it's to
late.

JAM- Hide quoted text -

- Show quoted text -

The sign of a really really good Ponzi scheme is that its victims will
defend it to the death - the death of the scheme, or the death of the
victim, whichever comes first.

oly

On Jan 11, 1:04*am, Jerry Dennis wrote:
On Jan 10, 6:02*pm, Frank Galikanokus
wrote:









oly wrote:

On Jan 8, 9:56 pm, "bremick" wrote:
"oly" *wrote in message

...

On Jan 8, 8:17 pm, "bremick" wrote:

"Frank Galikanokus" *wrote in ...
oly wrote:

On Jan 5, 10:11 pm, "bremick" wrote:
"Jerry Dennis" *wrote in message

...

No link to this rumor, but it was on TV on The Five last night, and
Huffington Post ran a blurb on its web site. *Seems the feds are
seriously considering issuing a platinum coin worth a trillion dollars
to avoid the debt ceiling.

I did a little math on the deal using the current $100 Platinum Eagle
as a base. *Using the ratios for 1 oz. PAEs, it would take 10 billion
troy oz., or just over 342,857.142 86 tons (US), for a single trillion
dollar eagle.

Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change.

Jerry
----------

Would it actually be money if it isn't intended for circulation? *I'm
thinking of those 1933 Saints here. *If so, what would that really
accomplish? *I'm sure there probably were a bunch of legal experts
involved
if the govt ever seriously considered it. *Could it be legally "worth"
a
trillion if it simply said so on it with a Congressional blessing? *Or
would
it require a trillion worth of platinum? * Sadly, this government
seems
to
be reduced to weirdness rather than common sense to reduce our debt.

I think the idea (which is just an accounting trick) would be to take
a simple one ounce platinum blank and stamp it "one trillion
dollars".

There is no need to attempt to make the intrinsic value of such a coin
anywhere close to its "face". *The Traesury Secretary would have the
very few of these coins which were required to be made up sent to some
vault in New York City or Washington D.C.

Congressional approval probably doesn't mean squat.

But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.

In Weimar Germany in 1922-23, they didn't use any more paper to print
a million mark note than they did to print the Imperial pre-war one
hundred mark note (indeed they used a smaller price of paper).

Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. *The
money cheaters can create more "money" in a computer keystroke than
you or I could "earn" by ten thousand lifetimes of "work".

oly

I agree!

So what are we going to do about the millionaires and billionaires and
their
tools that
are trashing our economy and threatening our freedom?

JAM
--------

I say let's vote them out of Congress!!- Hide quoted text -

- Show quoted text -

I think that the old comic strip "Pogo" (Walt Kelly) quote went
something like "We have met the enemy and it is us" and that it
applies here.

Lots and lots of people get more from "the System" than they ever put
in. *My poor old paternal grandparents clearly did towards the end of
their lives. *My parents did too (but they were very successful and
they did put in quite a lot first, up-front). *I am now angling to
game "the System" for myself. *Being personally honest about what you
tell yourself about yourself is still rather important. *Sauve qui
peut, baayy-beeee.

oly
-------

For every person who is fortunate and healthy enough to "game the system",
there are two or three who pass away well before recouping what they put in.
On the other hand, there are some who work for a only couple years but incur
a disability and then collect for the rest of their lives. *I'd prefer to
stay healthy and take my chances. *Good luck to you as you enter a new phase
of you life.

Bruce- Hide quoted text -

- Show quoted text -

And if I'm being ****y, I'll take issue with your demographics and
return of retirement contributions. *Most people who have been
presently been retired for two decades got their own contributions
back within three years or less. *Presently, more recent retirees are
looking at five to seven years before they start playing on the
house's money. *There are NOT two or three people dying early for
every one that actually reaches retirement age. *NOT the case at all.
If that was true, the crap debt would not be piling up the way it is.

Maybe Timmy should mint about a dozen of them trillion dollar
platinums.

oly

Social Security does not contribute to the national debt.

JAM- Hide quoted text -

- Show quoted text -

Actually, it does. *FICA taxes are collected. *The tax money is then
used to purchase Treasury Bonds. *Treasury Bonds are, in reality,
IOU's to Social Security. *The taxes used to purchase the Treasury
Bonds are then deposited into the General Fund, which Congress loves
because they get to spend it, thus adding to the national debt. *The
Social Security Act is one of the biggest Ponzi schemes ever
perpetrated on the American people.

Jerry

What should the government do with the money? Invest in the stock
market? Store the money in a vault for 50 years earning zero
intererst? Buy gold? ( which the first time it hit $1000 in 1980 it
dropped back to $300 15 years later.) Every insurance policy,
pension fund, annuity, money market fund, bank "spends the money."
The Social Security funds are backed by Treasury notes,
a direct obligation of the United States and guaranteed IN THE
CONSTITUTION to be paid in full, as has always been done. And if you
worked
for the following companies, your pension is being paid by a
government agency, the PCGC (aka "taxpayers")

Allegheny Health, Education & Research

Allis Chalmers

Amcast Industrial Corporation

Anchor Glass

Arrow Automotive

Bethlehem Steel

Bradlees

Caldor Corporation

Circuit City

Collins & Aikman

Cone Mills

Consolidated Freightways

Delphi Corporation

Delta Pilots

Dewey & LeBoeuf

Durango Apparel

Eastern Air Lines

Fairchild Corporation

Fleming

Foamex LP

Forum Health

Grand Union

Hartmarx Corporation

Harvard Industries

Hayes Lemmerz International, Inc.

Henry I. Siegel Co.

J. A. Jones

Jacobson Stores

Kaiser Aluminum

Kaiser Steel

Kemper

Lehman Brothers

LTV Steel

McCulloch

Metaldyne Corporation

Milacron Inc.

National Steel

Nortel Networks, Inc.

Northwestern Steel and Wire

Outboard Marine

Pan Am

Payless Cashways

Penn Traffic

Petrie

Piccadilly Cafeterias

Pillowtex

Polaroid

Reliance Insurance

Republic Technologies

Saint Vincent Catholic Medical Centers

Singer Company

Thorn Apple Valley

TWA

UMM

United Airlines

United Merchants and Manufacturers

US Airways

Weirton Steel

Westpoint Stevens

Wheeling Pittsburgh Steel ...and soon AMERICAN AIRLINES

Jerry Dennis wrote:

On Jan 11, 1:34 pm, Frank Galikanokus
wrote:
Jerry Dennis wrote:

On Jan 10, 6:02 pm, Frank Galikanokus
wrote:
oly wrote:

On Jan 8, 9:56 pm, "bremick" wrote:
"oly" wrote in message

...

On Jan 8, 8:17 pm, "bremick" wrote:

"Frank Galikanokus" wrote in ...
oly wrote:

On Jan 5, 10:11 pm, "bremick" wrote:
"Jerry Dennis" wrote in message

...

No link to this rumor, but it was on TV on The Five last night, and
Huffington Post ran a blurb on its web site. Seems the feds are
seriously considering issuing a platinum coin worth a trillion dollars
to avoid the debt ceiling.

I did a little math on the deal using the current $100 Platinum Eagle
as a base. Using the ratios for 1 oz. PAEs, it would take 10 billion
troy oz., or just over 342,857.142 86 tons (US), for a single trillion
dollar eagle.

Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change.

Jerry
----------

Would it actually be money if it isn't intended for circulation? I'm
thinking of those 1933 Saints here. If so, what would that really
accomplish? I'm sure there probably were a bunch of legal experts
involved
if the govt ever seriously considered it. Could it be legally "worth"
a
trillion if it simply said so on it with a Congressional blessing? Or
would
it require a trillion worth of platinum? Sadly, this government
seems
to
be reduced to weirdness rather than common sense to reduce our debt.

I think the idea (which is just an accounting trick) would be to take
a simple one ounce platinum blank and stamp it "one trillion
dollars".

There is no need to attempt to make the intrinsic value of such a coin
anywhere close to its "face". The Traesury Secretary would have the
very few of these coins which were required to be made up sent to some
vault in New York City or Washington D.C.

Congressional approval probably doesn't mean squat.

But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.

In Weimar Germany in 1922-23, they didn't use any more paper to print
a million mark note than they did to print the Imperial pre-war one
hundred mark note (indeed they used a smaller price of paper).

Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. The
money cheaters can create more "money" in a computer keystroke than
you or I could "earn" by ten thousand lifetimes of "work".

oly

I agree!

So what are we going to do about the millionaires and billionaires and
their
tools that
are trashing our economy and threatening our freedom?

JAM
--------

I say let's vote them out of Congress!!- Hide quoted text -

- Show quoted text -

I think that the old comic strip "Pogo" (Walt Kelly) quote went
something like "We have met the enemy and it is us" and that it
applies here.

Lots and lots of people get more from "the System" than they ever put
in. My poor old paternal grandparents clearly did towards the end of
their lives. My parents did too (but they were very successful and
they did put in quite a lot first, up-front). I am now angling to
game "the System" for myself. Being personally honest about what you
tell yourself about yourself is still rather important. Sauve qui
peut, baayy-beeee.

oly
-------

For every person who is fortunate and healthy enough to "game the system",
there are two or three who pass away well before recouping what they put in.
On the other hand, there are some who work for a only couple years but incur
a disability and then collect for the rest of their lives. I'd prefer to
stay healthy and take my chances. Good luck to you as you enter a new phase
of you life.

Bruce- Hide quoted text -

- Show quoted text -

And if I'm being ****y, I'll take issue with your demographics and
return of retirement contributions. Most people who have been
presently been retired for two decades got their own contributions
back within three years or less. Presently, more recent retirees are
looking at five to seven years before they start playing on the
house's money. There are NOT two or three people dying early for
every one that actually reaches retirement age. NOT the case at all.
If that was true, the crap debt would not be piling up the way it is.

Maybe Timmy should mint about a dozen of them trillion dollar
platinums.

oly

Social Security does not contribute to the national debt.

JAM- Hide quoted text -

- Show quoted text -

Actually, it does. FICA taxes are collected. The tax money is then
used to purchase Treasury Bonds. Treasury Bonds are, in reality,
IOU's to Social Security. The taxes used to purchase the Treasury
Bonds are then deposited into the General Fund, which Congress loves
because they get to spend it, thus adding to the national debt. The
Social Security Act is one of the biggest Ponzi schemes ever
perpetrated on the American people.

Jerry

Where did you get this information, fox?

Your statement that SS is a Ponzi scheme is bull**** and proves your lack of knowledge on
the subject.

JAM- Hide quoted text -

- Show quoted text -

Easy, Frank. I'm not going to get into a ****ing contest with you.
Everything I mentioned is on the Social Security Administration's web
site. www.ssa.gov. The deductions of that information is my own, and
blatantly obvious. If there really was a fund, as you mentioned to
oly, and there was no way for Congress to get its greedy hands on it,
Social Security would still be viable.

Jerry

Yep, you are clue less.

JAM

"Frank Galikanokus" wrote in message ...

bremick wrote:

"Frank Galikanokus" wrote in message ...

bremick wrote:

"Frank Galikanokus" wrote in message
...

oly wrote:

On Jan 8, 8:17 pm, "bremick" wrote:
"Frank Galikanokus" wrote in
...
oly wrote:

On Jan 5, 10:11 pm, "bremick" wrote:
"Jerry Dennis" wrote in message

...

No link to this rumor, but it was on TV on The Five last night,
and
Huffington Post ran a blurb on its web site. Seems the feds are
seriously considering issuing a platinum coin worth a trillion
dollars
to avoid the debt ceiling.

I did a little math on the deal using the current $100 Platinum
Eagle
as a base. Using the ratios for 1 oz. PAEs, it would take 10
billion
troy oz., or just over 342,857.142 86 tons (US), for a single
trillion
dollar eagle.

Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg)
and
the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump
change.

Jerry
----------

Would it actually be money if it isn't intended for circulation?
I'm
thinking of those 1933 Saints here. If so, what would that
really
accomplish? I'm sure there probably were a bunch of legal
experts
involved
if the govt ever seriously considered it. Could it be legally
"worth" a
trillion if it simply said so on it with a Congressional
blessing?
Or
would
it require a trillion worth of platinum? Sadly, this
government
seems
to
be reduced to weirdness rather than common sense to reduce our
debt.

I think the idea (which is just an accounting trick) would be to
take
a simple one ounce platinum blank and stamp it "one trillion
dollars".

There is no need to attempt to make the intrinsic value of such a
coin
anywhere close to its "face". The Traesury Secretary would have
the
very few of these coins which were required to be made up sent to
some
vault in New York City or Washington D.C.

Congressional approval probably doesn't mean squat.

But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers
and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.

In Weimar Germany in 1922-23, they didn't use any more paper to
print
a million mark note than they did to print the Imperial pre-war
one
hundred mark note (indeed they used a smaller price of paper).

Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. The
money cheaters can create more "money" in a computer keystroke
than
you or I could "earn" by ten thousand lifetimes of "work".

oly

I agree!

So what are we going to do about the millionaires and billionaires
and
their
tools that
are trashing our economy and threatening our freedom?

JAM
--------

I say let's vote them out of Congress!!- Hide quoted text -

- Show quoted text -

I think that the old comic strip "Pogo" (Walt Kelly) quote went
something like "We have met the enemy and it is us" and that it
applies here.

Lots and lots of people get more from "the System" than they ever put
in. My poor old paternal grandparents clearly did towards the end of
their lives. My parents did too (but they were very successful and
they did put in quite a lot first, up-front). I am now angling to
game "the System" for myself. Being personally honest about what you
tell yourself about yourself is still rather important. Sauve qui
peut, baayy-beeee.

oly

oly

The people that are getting more from "the System" than they ever put in
are
the
millionaires and billionaires and their tools that are trashing our
economy
and
threatening our freedom.

JAM
----------

Some of my best friends are millionaires and billionaires. I often ask
to
borrow some of their great tools. As far as I know, none has ever
threatened to trash our economy or threaten our freedom or eat our
children.
Where do YOU live and what channel are you watching?

This is america, if you cannot afford to buy a politician then you do not
deserve to be
represented.

Investing in a politician can provide you with dividends far in excess of
any other
investment.

JAM
------------

Boy! I hope you don't have children that pay attention to you.

I hope you and yours begin to pay attention someday, before it's to
late.

JAM

Pay attention to what or who? Certainly not you or your agenda. Anyway, my
"someday" has already come and, although I never invested in a politician,
me and mine have managed just fine nickel and diming with more traditional
investments.

"Frank Galikanokus" wrote in message ...

bremick wrote:

"Frank Galikanokus" wrote in message ...

oly wrote:

On Jan 8, 8:17 pm, "bremick" wrote:
"Frank Galikanokus" wrote in
...
oly wrote:

On Jan 5, 10:11 pm, "bremick" wrote:
"Jerry Dennis" wrote in message

...

No link to this rumor, but it was on TV on The Five last night,
and
Huffington Post ran a blurb on its web site. Seems the feds are
seriously considering issuing a platinum coin worth a trillion
dollars
to avoid the debt ceiling.

I did a little math on the deal using the current $100 Platinum
Eagle
as a base. Using the ratios for 1 oz. PAEs, it would take 10
billion
troy oz., or just over 342,857.142 86 tons (US), for a single
trillion
dollar eagle.

Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and
the
2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump
change.

Jerry
----------

Would it actually be money if it isn't intended for circulation?
I'm
thinking of those 1933 Saints here. If so, what would that really
accomplish? I'm sure there probably were a bunch of legal experts
involved
if the govt ever seriously considered it. Could it be legally
"worth" a
trillion if it simply said so on it with a Congressional blessing?
Or
would
it require a trillion worth of platinum? Sadly, this government
seems
to
be reduced to weirdness rather than common sense to reduce our
debt.

I think the idea (which is just an accounting trick) would be to
take
a simple one ounce platinum blank and stamp it "one trillion
dollars".

There is no need to attempt to make the intrinsic value of such a
coin
anywhere close to its "face". The Traesury Secretary would have the
very few of these coins which were required to be made up sent to
some
vault in New York City or Washington D.C.

Congressional approval probably doesn't mean squat.

But there is simply no point to minting such a coin; the Federal
Reserve Bank effectively does this every day with their computers
and
gee, they don't do a sum of one trillion dollars more than two or
three times per year.

In Weimar Germany in 1922-23, they didn't use any more paper to
print
a million mark note than they did to print the Imperial pre-war one
hundred mark note (indeed they used a smaller price of paper).

Wrap your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means nothing anymore. The
money cheaters can create more "money" in a computer keystroke than
you or I could "earn" by ten thousand lifetimes of "work".

oly

I agree!

So what are we going to do about the millionaires and billionaires and
their
tools that
are trashing our economy and threatening our freedom?

JAM
--------

I say let's vote them out of Congress!!- Hide quoted text -

- Show quoted text -

I think that the old comic strip "Pogo" (Walt Kelly) quote went
something like "We have met the enemy and it is us" and that it
applies here.

Lots and lots of people get more from "the System" than they ever put
in. My poor old paternal grandparents clearly did towards the end of
their lives. My parents did too (but they were very successful and
they did put in quite a lot first, up-front). I am now angling to
game "the System" for myself. Being personally honest about what you
tell yourself about yourself is still rather important. Sauve qui
peut, baayy-beeee.

oly

oly

The people that are getting more from "the System" than they ever put in
are
the
millionaires and billionaires and their tools that are trashing our
economy
and
threatening our freedom.

JAM
----------

Some of my best friends are millionaires and billionaires. I often ask to
borrow some of their great tools. As far as I know, none has ever
threatened to trash our economy or threaten our freedom or eat our
children.
Where do YOU live and what channel are you watching?

Some of my best friends are millionaires and billionaires

bull****.

JAM
----

Don't be jealous. They're not even politicians. Imagine that?

On Tuesday, January 15, 2013 4:16:53 PM UTC-6, Frank Galikanokus wrote:
Jerry Dennis wrote: On Jan 11, 1:34 pm, Frank Galikanokus wrote: Jerry Dennis wrote: On Jan 10, 6:02 pm, Frank Galikanokus wrote: oly wrote: On Jan 8, 9:56 pm, "bremick" wrote: "oly" wrote in message ... On Jan 8, 8:17 pm, "bremick" wrote: "Frank Galikanokus" wrote in ... oly wrote: On Jan 5, 10:11 pm, "bremick" wrote: "Jerry Dennis" wrote in message ... No link to this rumor, but it was on TV on The Five last night, and Huffington Post ran a blurb on its web site. Seems the feds are seriously considering issuing a platinum coin worth a trillion dollars to avoid the debt ceiling. I did a little math on the deal using the current $100 Platinum Eagle as a base. Using the ratios for 1 oz. PAEs, it would take 10 billion troy oz., or just over 342,857.142 86 tons (US), for a single trillion dollar eagle. Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the 2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change. Jerry ---------- Would it actually be money if it isn't intended for circulation? I'm thinking of those 1933 Saints here. If so, what would that really accomplish? I'm sure there probably were a bunch of legal experts involved if the govt ever seriously considered it. Could it be legally "worth" a trillion if it simply said so on it with a Congressional blessing? Or would it require a trillion worth of platinum? Sadly, this government seems to be reduced to weirdness rather than common sense to reduce our debt. I think the idea (which is just an accounting trick) would be to take a simple one ounce platinum blank and stamp it "one trillion dollars". There is no need to attempt to make the intrinsic value of such a coin anywhere close to its "face". The Traesury Secretary would have the very few of these coins which were required to be made up sent to some vault in New York City or Washington D.C. Congressional approval probably doesn't mean squat. But there is simply no point to minting such a coin; the Federal Reserve Bank effectively does this every day with their computers and gee, they don't do a sum of one trillion dollars more than two or three times per year. In Weimar Germany in 1922-23, they didn't use any more paper to print a million mark note than they did to print the Imperial pre-war one hundred mark note (indeed they used a smaller price of paper). Wrap your head around this thought: "Money" means nothing anymore. Work, careers, business skills, effort means nothing anymore. The money cheaters can create more "money" in a computer keystroke than you or I could "earn" by ten thousand lifetimes of "work". oly I agree! So what are we going to do about the millionaires and billionaires and their tools that are trashing our economy and threatening our freedom? JAM -------- I say let's vote them out of Congress!!- Hide quoted text - - Show quoted text - I think that the old comic strip "Pogo" (Walt Kelly) quote went something like "We have met the enemy and it is us" and that it applies here. Lots and lots of people get more from "the System" than they ever put in. My poor old paternal grandparents clearly did towards the end of their lives. My parents did too (but they were very successful and they did put in quite a lot first, up-front). I am now angling to game "the System" for myself. Being personally honest about what you tell yourself about yourself is still rather important. Sauve qui peut, baayy-beeee. oly ------- For every person who is fortunate and healthy enough to "game the system", there are two or three who pass away well before recouping what they put in. On the other hand, there are some who work for a only couple years but incur a disability and then collect for the rest of their lives. I'd prefer to stay healthy and take my chances. Good luck to you as you enter a new phase of you life. Bruce- Hide quoted text - - Show quoted text - And if I'm being ****y, I'll take issue with your demographics and return of retirement contributions. Most people who have been presently been retired for two decades got their own contributions back within three years or less. Presently, more recent retirees are looking at five to seven years before they start playing on the house's money. There are NOT two or three people dying early for every one that actually reaches retirement age. NOT the case at all. If that was true, the crap debt would not be piling up the way it is. Maybe Timmy should mint about a dozen of them trillion dollar platinums. oly Social Security does not contribute to the national debt. JAM- Hide quoted text - - Show quoted text - Actually, it does. FICA taxes are collected. The tax money is then used to purchase Treasury Bonds. Treasury Bonds are, in reality, IOU's to Social Security. The taxes used to purchase the Treasury Bonds are then deposited into the General Fund, which Congress loves because they get to spend it, thus adding to the national debt. The Social Security Act is one of the biggest Ponzi schemes ever perpetrated on the American people. Jerry Where did you get this information, fox? Your statement that SS is a Ponzi scheme is bull**** and proves your lack of knowledge on the subject. JAM- Hide quoted text - - Show quoted text - Easy, Frank. I'm not going to get into a ****ing contest with you. Everything I mentioned is on the Social Security Administration's web site. www.ssa.gov. The deductions of that information is my own, and blatantly obvious. If there really was a fund, as you mentioned to oly, and there was no way for Congress to get its greedy hands on it, Social Security would still be viable. Jerry Yep, you are clue less. JAM

Old ****ers like you are eating your grandchildren and great granchildren alive and can't even be intellectually honest about it.

You are taking out many many many multiples of anything you ever possibly put into "The System".

oly

oly wrote:

On Tuesday, January 15, 2013 4:16:53 PM UTC-6, Frank Galikanokus wrote:
Jerry Dennis wrote: On Jan 11, 1:34 pm, Frank Galikanokus wrote: Jerry Dennis wrote: On Jan 10, 6:02 pm, Frank Galikanokus wrote: oly wrote: On Jan 8, 9:56 pm, "bremick" wrote: "oly" wrote in message ... On Jan 8, 8:17 pm, "bremick" wrote: "Frank Galikanokus" wrote in ... oly wrote: On Jan 5, 10:11 pm, "bremick" wrote: "Jerry Dennis" wrote in message ... No link to this rumor, but it was on TV on The Five last night, and Huffington Post ran a blurb on its web site. Seems the
feds are seriously considering issuing a platinum coin worth a trillion dollars to avoid the debt ceiling. I did a little math on the deal using the current $100 Platinum Eagle as a base. Using the ratios for 1 oz. PAEs, it would take 10 billion troy oz., or just over 342,857.142 86 tons (US), for a single trillion dollar eagle. Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the 2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change. Jerry ---------- Would it actually be money if it isn't intended for circulation? I'm thinking of those 1933 Saints here. If so, what would that really accomplish? I'm sure there probably were a bunch of legal experts involved if the govt
ever seriously considered it. Could it be legally "worth" a trillion if it simply said so on it with a Congressional blessing? Or would it require a trillion worth of platinum? Sadly, this government seems to be reduced to weirdness rather than common sense to reduce our debt. I think the idea (which is just an accounting trick) would be to take a simple one ounce platinum blank and stamp it "one trillion dollars". There is no need to attempt to make the intrinsic value of such a coin anywhere close to its "face". The Traesury Secretary would have the very few of these coins which were required to be made up sent to some vault in New York City or Washington D.C. Congressional approval probably doesn't mean squat.
But there is simply no point to minting such a coin; the Federal Reserve Bank effectively does this every day with their computers and gee, they don't do a sum of one trillion dollars more than two or three times per year. In Weimar Germany in 1922-23, they didn't use any more paper to print a million mark note than they did to print the Imperial pre-war one hundred mark note (indeed they used a smaller price of paper). Wrap your head around this thought: "Money" means nothing anymore. Work, careers, business skills, effort means nothing anymore. The money cheaters can create more "money" in a computer keystroke than you or I could "earn" by ten thousand lifetimes of "work". oly I agree! So what are we going to do about the millionaires and
billionaires and their tools that are trashing our economy and threatening our freedom? JAM -------- I say let's vote them out of Congress!!- Hide quoted text - - Show quoted text - I think that the old comic strip "Pogo" (Walt Kelly) quote went something like "We have met the enemy and it is us" and that it applies here. Lots and lots of people get more from "the System" than they ever put in. My poor old paternal grandparents clearly did towards the end of their lives. My parents did too (but they were very successful and they did put in quite a lot first, up-front). I am now angling to game "the System" for myself. Being personally honest about what you tell yourself about yourself is still rather important. Sauve qui peut, baayy-beeee.
oly ------- For every person who is fortunate and healthy enough to "game the system", there are two or three who pass away well before recouping what they put in. On the other hand, there are some who work for a only couple years but incur a disability and then collect for the rest of their lives. I'd prefer to stay healthy and take my chances. Good luck to you as you enter a new phase of you life. Bruce- Hide quoted text - - Show quoted text - And if I'm being ****y, I'll take issue with your demographics and return of retirement contributions. Most people who have been presently been retired for two decades got their own contributions back within three years or less. Presently, more recent retirees are looking at five to seven years before they start playing on the house's money. There are NOT
two or three people dying early for every one that actually reaches retirement age. NOT the case at all. If that was true, the crap debt would not be piling up the way it is. Maybe Timmy should mint about a dozen of them trillion dollar platinums. oly Social Security does not contribute to the national debt. JAM- Hide quoted text - - Show quoted text - Actually, it does. FICA taxes are collected. The tax money is then used to purchase Treasury Bonds. Treasury Bonds are, in reality, IOU's to Social Security. The taxes used to purchase the Treasury Bonds are then deposited into the General Fund, which Congress loves because they get to spend it, thus adding to the national debt. The Social Security Act is one of the biggest Ponzi schemes ever perpetrated on the American people. Jerry Where did you get this information, fox?
Your statement that SS is a Ponzi scheme is bull**** and proves your lack of knowledge on the subject. JAM- Hide quoted text - - Show quoted text - Easy, Frank. I'm not going to get into a ****ing contest with you. Everything I mentioned is on the Social Security Administration's web site. www.ssa.gov. The deductions of that information is my own, and blatantly obvious. If there really was a fund, as you mentioned to oly, and there was no way for Congress to get its greedy hands on it, Social Security would still be viable. Jerry Yep, you are clue less. JAM

Old ****ers like you are eating your grandchildren and great granchildren alive and can't even be intellectually honest about it.

You are taking out many many many multiples of anything you ever possibly put into "The System".

oly

I've ben putting into the system since I volunteered for military
service when I was 18.

So we are supposed to toss the previous generations on the scrap heap?
Are we supposed to do away with any hope of current generations for a
better future?

There is plenty to go around if we can stop the trickling up of the
nations wealth in to the hands of the wealthy elite that threaten our
freedom.

JAM

"Frank Galikanokus" wrote in message ...

oly wrote:

On Tuesday, January 15, 2013 4:16:53 PM UTC-6, Frank Galikanokus wrote:
Jerry Dennis wrote: On Jan 11, 1:34 pm, Frank Galikanokus
wrote: Jerry Dennis wrote:
On Jan 10, 6:02 pm, Frank Galikanokus
wrote: oly wrote: On Jan 8, 9:56 pm, "bremick"
wrote: "oly" wrote in message
...
On Jan 8, 8:17 pm, "bremick" wrote:
"Frank Galikanokus" wrote in
... oly wrote:
On Jan 5, 10:11 pm, "bremick" wrote:
"Jerry Dennis" wrote in message
...
No link to this rumor, but it was on TV on The
Five last night, and Huffington Post ran a blurb on
its web site. Seems the
feds are seriously considering issuing a platinum coin
worth a trillion dollars to avoid the debt ceiling.
I did a little math on the deal using the current $100
Platinum Eagle as a base. Using the ratios for 1 oz.
PAEs, it would take 10 billion troy oz., or just over
342,857.142 86 tons (US), for a single trillion dollar
eagle. Kind of makes the 2007 Canadian $1,000,000
Maple Leaf (100 kg) and the 2012 Austrailian $1,000,000
Kangaroo (1000 kg) seem like chump change. Jerry
---------- Would it actually be money
if it isn't intended for circulation? I'm thinking of
those 1933 Saints here. If so, what would that really
accomplish? I'm sure there probably were a bunch of legal experts
involved if the govt
ever seriously considered it. Could it be legally "worth"
a trillion if it simply said so on it with a
Congressional blessing? Or would it
require a trillion worth of platinum? Sadly, this government
seems to be reduced to weirdness
rather than common sense to reduce our debt. I think
the idea (which is just an accounting trick) would be to take
a simple one ounce platinum blank and stamp it "one trillion
dollars". There is no need to attempt to make
the intrinsic value of such a coin anywhere close to its
"face". The Traesury Secretary would have the very few of
these coins which were required to be made up sent to some
vault in New York City or Washington D.C.
Congressional approval probably doesn't mean squat.
But there is simply no point to minting such a coin; the
Federal Reserve Bank effectively does this
every day with their computers and gee, they
don't do a sum of one trillion dollars more than two or
three times per year. In Weimar
Germany in 1922-23, they didn't use any more paper to print
a million mark note than they did to print the
Imperial pre-war one hundred mark note (indeed
they used a smaller price of paper). Wrap
your head around this thought: "Money" means nothing anymore.
Work, careers, business skills, effort means
nothing anymore. The money cheaters can create
more "money" in a computer keystroke than you
or I could "earn" by ten thousand lifetimes of "work".
oly I agree!
So what are we going to do about the millionaires and
billionaires and their tools that
are trashing our economy and threatening our freedom?
JAM -------- I say let's vote them out of
Congress!!- Hide quoted text - - Show quoted text -
I think that the old comic strip "Pogo" (Walt Kelly) quote
went something like "We have met the enemy and it is us" and
that it applies here. Lots and lots of people
get more from "the System" than they ever put in. My poor old
paternal grandparents clearly did towards the end of their
lives. My parents did too (but they were very successful and
they did put in quite a lot first, up-front). I am now angling to
game "the System" for myself. Being personally honest about what you
tell yourself about yourself is still rather important. Sauve
qui peut, baayy-beeee.
oly ------- For every person who is
fortunate and healthy enough to "game the system", there
are two or three who pass away well before recouping what they put
in. On the other hand, there are some who work for a
only couple years but incur a disability and then
collect for the rest of their lives. I'd prefer to stay
healthy and take my chances. Good luck to you as you enter a new
phase of you life. Bruce- Hide quoted
text - - Show quoted text - And if I'm
being ****y, I'll take issue with your demographics and
return of retirement contributions. Most people who have been
presently been retired for two decades got their own
contributions back within three years or less. Presently,
more recent retirees are looking at five to seven years
before they start playing on the house's money. There are
NOT
two or three people dying early for every one that actually
reaches retirement age. NOT the case at all. If that was true,
the crap debt would not be piling up the way it is. Maybe
Timmy should mint about a dozen of them trillion dollar
platinums. oly Social Security does not
contribute to the national debt. JAM- Hide quoted text -
- Show quoted text - Actually, it does. FICA taxes are
collected. The tax money is then used to purchase Treasury Bonds.
Treasury Bonds are, in reality, IOU's to Social Security. The taxes
used to purchase the Treasury Bonds are then deposited into the
General Fund, which Congress loves because they get to spend it,
thus adding to the national debt. The Social Security Act is one of
the biggest Ponzi schemes ever perpetrated on the American people.
Jerry Where did you get this information, fox?
Your statement that SS is a Ponzi scheme is bull**** and proves your
lack of knowledge on the subject. JAM- Hide quoted text -
- Show quoted text - Easy, Frank. I'm not going to get into a
****ing contest with you. Everything I mentioned is on the Social
Security Administration's web site. www.ssa.gov. The deductions of
that information is my own, and blatantly obvious. If there really was
a fund, as you mentioned to oly, and there was no way for Congress to
get its greedy hands on it, Social Security would still be viable.
Jerry Yep, you are clue less. JAM

Old ****ers like you are eating your grandchildren and great granchildren
alive and can't even be intellectually honest about it.

You are taking out many many many multiples of anything you ever possibly
put into "The System".

oly

I've ben putting into the system since I volunteered for military
service when I was 18.

So we are supposed to toss the previous generations on the scrap heap?
Are we supposed to do away with any hope of current generations for a
better future?

There is plenty to go around if we can stop the trickling up of the
nations wealth in to the hands of the wealthy elite that threaten our
freedom.

JAM
----------

Just curious. What would you do if you found your income was "trickling up"
to a level where you would be considered wealthy? Give it to the poor?
Argue that you weren't elite, it's those OTHER rich guys? I can't imagine a
single wealthy elite who threatens my freedom. Don't fall through that
flimsy soap box.

The current working generations have dozens more options to prepare for
their retirement than we did when I started working. We had Social Security
and maybe a pension, if we were lucky. There were no IRA's, 401k's, or
convenient day trading on your smart phone. Congress could easily raise
the SS ages a notch as well as the highest wage for withholding with little
impact on today's 20-30 year olds when they retire. Thirty or 40 years from
now, anyone who retires and still counts on SS payments for survival will
have to blame themselves for not planning better.

On Monday, January 21, 2013 7:14:00 PM UTC-6, bremick wrote:
"Frank Galikanokus" wrote in message ... oly wrote: On Tuesday, January 15, 2013 4:16:53 PM UTC-6, Frank Galikanokus wrote: Jerry Dennis wrote: On Jan 11, 1:34 pm, Frank Galikanokus wrote: Jerry Dennis wrote: On Jan 10, 6:02 pm, Frank Galikanokus wrote: oly wrote: On Jan 8, 9:56 pm, "bremick" wrote: "oly" wrote in message ... On Jan 8, 8:17 pm, "bremick" wrote: "Frank Galikanokus" wrote in ... oly wrote: On Jan 5, 10:11 pm, "bremick" wrote: "Jerry Dennis" wrote in message ... No link to this rumor, but it was on TV on The Five last night, and Huffington Post ran a blurb on its web site. Seems the feds are seriously considering issuing a platinum coin worth a trillion dollars to avoid the debt ceiling. I did a little math on the deal using the current $100 Platinum Eagle as a base. Using the ratios for 1 oz. PAEs, it would take 10 billion troy oz., or just over 342,857.142 86 tons (US), for a single trillion dollar eagle. Kind of makes the 2007 Canadian $1,000,000 Maple Leaf (100 kg) and the 2012 Austrailian $1,000,000 Kangaroo (1000 kg) seem like chump change. Jerry ---------- Would it actually be money if it isn't intended for circulation? I'm thinking of those 1933 Saints here. If so, what would that really accomplish? I'm sure there probably were a bunch of legal experts involved if the govt ever seriously considered it. Could it be legally "worth" a trillion if it simply said so on it with a Congressional blessing? Or would it require a trillion worth of platinum? Sadly, this government seems to be reduced to weirdness rather than common sense to reduce our debt. I think the idea (which is just an accounting trick) would be to take a simple one ounce platinum blank and stamp it "one trillion dollars". There is no need to attempt to make the intrinsic value of such a coin anywhere close to its "face". The Traesury Secretary would have the very few of these coins which were required to be made up sent to some vault in New York City or Washington D.C. Congressional approval probably doesn't mean squat. But there is simply no point to minting such a coin; the Federal Reserve Bank effectively does this every day with their computers and gee, they don't do a sum of one trillion dollars more than two or three times per year. In Weimar Germany in 1922-23, they didn't use any more paper to print a million mark note than they did to print the Imperial pre-war one hundred mark note (indeed they used a smaller price of paper). Wrap your head around this thought: "Money" means nothing anymore. Work, careers, business skills, effort means nothing anymore. The money cheaters can create more "money" in a computer keystroke than you or I could "earn" by ten thousand lifetimes of "work". oly I agree! So what are we going to do about the millionaires and billionaires and their tools that are trashing our economy and threatening our freedom? JAM -------- I say let's vote them out of Congress!!- Hide quoted text - - Show quoted text - I think that the old comic strip "Pogo" (Walt Kelly) quote went something like "We have met the enemy and it is us" and that it applies here. Lots and lots of people get more from "the System" than they ever put in. My poor old paternal grandparents clearly did towards the end of their lives. My parents did too (but they were very successful and they did put in quite a lot first, up-front). I am now angling to game "the System" for myself. Being personally honest about what you tell yourself about yourself is still rather important. Sauve qui peut, baayy-beeee. oly ------- For every person who is fortunate and healthy enough to "game the system", there are two or three who pass away well before recouping what they put in. On the other hand, there are some who work for a only couple years but incur a disability and then collect for the rest of their lives. I'd prefer to stay healthy and take my chances. Good luck to you as you enter a new phase of you life. Bruce- Hide quoted text - - Show quoted text - And if I'm being ****y, I'll take issue with your demographics and return of retirement contributions. Most people who have been presently been retired for two decades got their own contributions back within three years or less. Presently, more recent retirees are looking at five to seven years before they start playing on the house's money. There are NOT two or three people dying early for every one that actually reaches retirement age. NOT the case at all. If that was true, the crap debt would not be piling up the way it is. Maybe Timmy should mint about a dozen of them trillion dollar platinums. oly Social Security does not contribute to the national debt. JAM- Hide quoted text - - Show quoted text - Actually, it does. FICA taxes are collected. The tax money is then used to purchase Treasury Bonds. Treasury Bonds are, in reality, IOU's to Social Security. The taxes used to purchase the Treasury Bonds are then deposited into the General Fund, which Congress loves because they get to spend it, thus adding to the national debt. The Social Security Act is one of the biggest Ponzi schemes ever perpetrated on the American people. Jerry Where did you get this information, fox? Your statement that SS is a Ponzi scheme is bull**** and proves your lack of knowledge on the subject. JAM- Hide quoted text - - Show quoted text - Easy, Frank. I'm not going to get into a ****ing contest with you. Everything I mentioned is on the Social Security Administration's web site. www.ssa.gov. The deductions of that information is my own, and blatantly obvious. If there really was a fund, as you mentioned to oly, and there was no way for Congress to get its greedy hands on it, Social Security would still be viable. Jerry Yep, you are clue less. JAM Old ****ers like you are eating your grandchildren and great granchildren alive and can't even be intellectually honest about it. You are taking out many many many multiples of anything you ever possibly put into "The System". oly I've ben putting into the system since I volunteered for military service when I was 18. So we are supposed to toss the previous generations on the scrap heap? Are we supposed to do away with any hope of current generations for a better future? There is plenty to go around if we can stop the trickling up of the nations wealth in to the hands of the wealthy elite that threaten our freedom. JAM ---------- Just curious. What would you do if you found your income was "trickling up" to a level where you would be considered wealthy? Give it to the poor? Argue that you weren't elite, it's those OTHER rich guys? I can't imagine a single wealthy elite who threatens my freedom. Don't fall through that flimsy soap box. The current working generations have dozens more options to prepare for their retirement than we did when I started working. We had Social Security and maybe a pension, if we were lucky. There were no IRA's, 401k's, or convenient day trading on your smart phone. Congress could easily raise the SS ages a notch as well as the highest wage for withholding with little impact on today's 20-30 year olds when they retire. Thirty or 40 years from now, anyone who retires and still counts on SS payments for survival will have to blame themselves for not planning better.

While the present system of passing out Social Security benefits will likely go on for a long time to come, the purchasing power of every financial thing presently expressed in fiat U.S. Dollars is likely to plummet. Plummet real soon.

Why do you think people with discretionary earnings are soaking up gold and silver coins like there is no tommorrow??? Probably because there IS NO tommorrow for paper money and there goes the purchasing power of a Social Security check.

Unless you are already 80 years old, you will most likely live to see a U.S.. dollar with a purchasing power of one-fifth or less of what we have today..

Long-term savings in paper money, bank deposits and bonds and the like are a chimaera and a trap.

oly