Tag Archives: bankers

The Social Security Entitlement Adventure

What with the Congress and prez conducting a war against Social Security now in 2018, I was surprised to find this in my blog posted back during 2012. After reading through it I find my perspective hasn’t changed all that much, but my dependency on SS has. Old Jules

So Far From Heaven

Good morning readers. I’m obliged you came by for a read.

I got an email yesterday from an old acquaintance who’s carrying a serious chip on his shoulder about somebody calling the Social Security pension he lives on an ‘entitlement’. He raged on about how he paid into it fifty years, and his employers matched everything he paid. So, he says, it’s not an entitlement.

Sheeze. I wonder what else a person would call it. He’s entitled to it. What the hell is it but an entitlement?

But I think he’s concerned that because ‘entitlement’ has become a buzzword for something else he doesn’t like.  Namely a whole range of government payouts to bank owners, automobile companies, multi-national corporations, all manner of people bleeding the US budget dry with bailouts and payoffs.  I think he figures they might quit paying him his pension because they called it an entitlement.  Putting him down…

View original post 219 more words

Advertisements

The Vietnam War finally explained

Why are these men not in jail? (photo: Getty Images)

Above:  People carefully avoiding inadvertent visits to Vietnam.  http://readersupportednews.org/news-section2/345-justice/22925-vietnam-is-sentencing-corrupt-bankers-to-death-by-firing-squad

Hi readers.

I’ve you’re like me the two burning mysteries of the 20th Century concern US submersion into two foreign wars:  WWI and Vietnam.

WWI will probably always remain a piece of unexplainable and unexplained craziness.  But suddenly the underlying reason for the Vietnam War bubbles to the surface of 21st Century reality almost out of nowhere.

The bastards execute corrupt bankers!

Vietnam Is Sentencing Corrupt Bankers to Death by Firing Squad”  http://readersupportednews.org/news-section2/345-justice/22925-vietnam-is-sentencing-corrupt-bankers-to-death-by-firing-squad

Sheeze!  There was never anything in that country worth a single US life and it never made any sense any US troop had to set foot on the soil there.  Just some crazy-assed paranoid ‘domino theory’ was how they justified it at the time.  But secretly the US Government probably knew the Vietnamese were capable of thinking outside the box.

Any place that has the potential for standing corrupt bankers up before firing squads and blowing them into the next lifetime is sure as hell a place that needs stopping.  That’s the sort of idea that could catch hold.

Dangerous stuff.

Hell, if we had another hundred yards of Vietnam Memorial Wall and it saved the life of one corrupt banker it would be worth it.  Executing politicians, bankers, war industrialists is just the sort of subversive thinking that caused the Russian Revolution.  Got the whole fatcat aristocracy sitting on the heads of starving peasants killed off and replaced by a different kind of killer-shark.

We’ve been a bit short of wars lately, but here’s an opportunity to fill the gap.  But this time, a Constitutionally legal war declared by the US Congress.  A new Vietnam War everyone who matters will be able to understand and sympathize.

Bomb those bastards back to the stone age.  Destroy them to save them.

Fact is, if this were adopted in the US it would silence all this dissent about the death penalty.  Likely there’d be ticker-tape parades.  Where the hell would that leave us?

Remember where you heard it first.

Old Jules

 

 

Twilight Zone banking – 1% interest on your savings! Get it while it’s hot.

The US Federal Reserve and its branches oversee these matters, while staying in the background and keeping a low profile.

The US Federal Reserve and its branches oversee these matters, while staying in the background and keeping a low profile.

Hi readers.  Thanks for coming by for a read.

An acquaintance of mine sold off his home and land elsewhere a while back, carried the note.  But the buyer payed off the whole thing unexpectedly far in advance of when it was due.

So my acquaintance suddenly found himself with almost a million bucks rolling around in his wallet wondering what to do with itself.  Checked out money market, certificates of deposit, all the usual suspects figuring to make some interest on it as savings.

And suddenly found himself in Twilight Zone.  Nobody’s paying interest on savings anymore, to speak of.  The best interest he could find was 1%.  Lucky to get that much.

So what the hell does that mean?

Heck, I’m clueless.  My whole life it’s been background culture and policy, tradition, that savings were a good thing to do, prudent, wise, encouraged by government and banks alike.  I think the worst interest I’ve ever known of in my life for savings was US Savings Bonds they hammered us into buying when I was in the military.  Those paid 3% or so, and we all believed we were being raped.

About all I can figure is that banks are making all their money these days off high interest and fees on credit card debts, so much so they don’t need savings of investors to loan out.  Don’t want to be having to share their profits in the form of interest payments with people who just save money in their institutions.

But I also think it must all go back to the smoke and mirrors of the Federal Reserve ghosthood, and who-knows-what-else involving stuff I can’t begin to imagine.

But if they’re only paying 1% interest on a million bucks, seems to me the government ought to be getting off fairly light on interest payments for the deficit loans.  The folks loaning the government to keep going ought to be able to feel rich drawing 2% increase, say, on umpty-ump trillion quadrillion buzzillion dollars.

Somewhere in all this Economics 101 circa 1970 flees to Atlantis and sinks into oblivion.  We’ve entered the Twilight Zone where no man has gone before.

Old Jules