OregonTrails
Member
There is no actual money set aside, just IOU's. Can't spend IOU's.
No actual money set aside? Is "money set aside" in the case of your bond investments? How about your gold? What about your BANK ACCOUNT for chrisake!
There is no actual money set aside, just IOU's. Can't spend IOU's.
That's true, but SS is pretty much setup just like a ponzi, it absolutely must have people paying in for it to pay out.
I stopped reading right here because you made a grave error. Ponzi schemes don't have phantom money, they have real money and can make investors rich as long as enough people are putting money in so that some of the people can be paid to keep the scheme going."Ponzi"?? REALLY?? No.
The special-issue Treasury bonds in that Trust Fund carry with them real obligations of the U.S. Treasury to hand over cash for Social Security to pay its beneficiaries. Contrast that with a typical Ponzi scheme, where the scheme's assets are completely phantom, and you can see that those real investments make Social Security farsuperior to a Ponzi scheme.
How about your gold?
Gold has no value.Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.
AG
Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.
AG
I never said SS was a ponzi scheme, I said it operates like one. Which it does, it relies on current workers deposits to fund all the retirees.Your arguments are still non-existent. SS is no more a ponzi scheme than is any insurance product. You pour your money into a term life insurance policy and after 20 years to terminate it. Where is your money? Gone.
At least SS provides for delivery of your benefits to you even if you stop working at age 50, and to your spouse or children if you die.
That's why yesterday I purchased another monster box of Silver Eagles and 10 gold eagles. $22,000.worth less than two thirds of what it was only two years ago.
remind me who called that bubble and who denied it again?
JA JA!
Sure hope that minimum wage can cover 3.50 gas, smaller candy bars that cost 1.70 or value meals that cost 7.00 or spending 300.00 at the grocery store and get like 6 bags..
They have to increase minimum wage or people would starve and learn about fiat currency's inevitable death spiral of inflation.
I didn't say SS provides benefits to people when they turn 50.
You can't win an argument by fantasizing the conversation you would like to have.
You can't win arguments with lies.At least SS provides for delivery of your benefits to you even if you stop working at age 50,
Yea, it was fake.ever get to the bottom of the sandy hook conspiracy?
So, if you cannot understand plain words correctly, your argument is without validity. And apparently you remain unable to figure out exactly what I said.Yes you did.
You can't win arguments with lies.
That's why yesterday I purchased another monster box of Silver Eagles and 10 gold eagles. $22,000.
You won't buy any, and you won't have any when the price goes back up either.
But I will.
You can't write plain words if you think that says something else.So, if you cannot understand plain words correctly, your argument is without validity. And apparently you remain unable to figure out exactly what I said.
The last time I bought gold it cost me $850 an ounce, so whatever you are referring to, its BS.gold went up? buy more gold!
gold went down? buy more gold!
And you don't DARE quote me because your claim would fall apart. I suspect your inability to understand words is the problem behind your choice of political affiliation.You can't write plain words if you think that says something else.
I already quoted you.And you don't DARE quote me because your claim would fall apart. I suspect your inability to understand words is the problem behind your choice of political affiliation.