Executive Summary Wall Street wants to privatize social security so they can extract the maximum amount of fees from the system. Introduction The entry on this website titled The Myth of the Necessity to Pay Back The Federal Government’s Debt explains why the government has to pay back its debt is a myth. However, this…
Executive Summary Private banking interests continually tell us that social security is at risk. This is impossible if the government creates its own money. And even without this, the “shortfall” is a myth. Introduction Under a debt-free currency and a government-controlled central bank, the US can set the level of social security that it sees…
Executive Summary A major item used to promote cutting Social Security benefits has been the dependency issues. This is a fake issue created by private banking interests to cut spending they do not like. Introduction This ploy by private banking interests to get reductions made to the Social Security system that benefits private banking is…
Executive Summary The Correct Explanation Social Security Explained Wall Street’s plan to boost their bonuses now that all of their mortgage-backed securities have crashed is to steal old people’s money. George Bush, The Cato Institute, and Heritage Foundation think this is a great idea. We have a different word for it. We prefer the word…