Tuesday, February 8, 2005

"Someone pass the buck," exclaimed the capitalist.

When it comes to blaming the Republicans and the Democrats for everything I say, fuckin cut the crap.  I'm tired of the Opposition being labeled as: Democrats, Liberals, Left Wingers, Whiners; and I'm just as tired of the Occupation being labeled as: Republicans, Lemmings, Right Wing Fundementally disabled.  We have some budget woes and Social Security at this time is a distraction of greater things, larger broken promises, etc.

Last year at this time we were assured by Secretary of Treasury, John Snow, that our Medical Care was in trouble and under the President's visionary proposal, in ten years we will have spent only 4 billion.  Well, one year later we have already done that.  Now this same President has another visionary proposal that favors the "price index" which is determined largely by the Federal Reserve.  This means we won't have any guarantees.  What it also means is that we can't touch our money except in annuities.  Is that how that is spelled? The only way, according to Snow that we can touch this is if we can prove we won't outlive the money in the private account.  My question here is that if it is a private account, why can't we do what we want with it, and why do we have to invest in something that resembles a 401k or IRA or some other account that depends on the Federal Reserve?  I never did trust the Federal Reserve.  A hell of a lot of good they did us in the 20's and 30's. They aren't allowed to preside over our Wage Index Accounts (traditional social security) and they are hella pissed.  We just borrowed in this last year another 139 billion from Japan, 43 billion from China and another 15 billion from the OPEC nations.  The Federal Reserve wants a larger chunk of this multinational redistribution of wealth.  They couldn't care more or less about the individual human because they have no heart and their soul has only one mantra, "More!"

The Federal Reserve blames the country for these problems and takes no responsibility for misleading us, for inflating costs when it suits them, raising interest rates to prevent deflation etc.  They tell us it is because we have fewer wage earners now, fewer industrialized jobs; well hell yeah we say.  We all know that much is true but few of us know that the money being shuffled away from us and into the hands of workers like ourselves in other countries is coordinated in large by who else...The Federal Reserve--the sponsors of this world's demise.

Here are some links you might find interesting folks.

 National Average Wage Index 

 FRB: Press Release--FOMC statement and Board discount rate action--February 2, 2005

 News.com.au | Reserve 'blows whistle' over rates (07-02-2005)

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