I considered naming this “Madoff = Social Security” But, if a writer wants to be read, he must attempt to grab the reader’s interest and this “title” seemed the best way for me ….. be straight out front, … and accusatory.
Most of us have heard this, but why did Bernie Madoff go to prison? To put it simply, he talked people into investing with him, but he didn’t invest their money; he stole it and lived high!
He used the money from the new investors to pay off old investors. He paid them as if, … by dealing with him, they’d made a great investment and others wanted in ….. famous people and stupid people alike.
Eventually, there were too many old investors and not enough money from new investors coming in to keep it going. Though his “scam” paid a number of people well, it was only a matter of time until people caught on and demanded an investigation.
Government officials were slow to investigate his scam or ignored it entirely. Eventually, they had no choice they had to investigate …… or risk going to jail themselves.
Next thing you know Madoff is one of the most hated men in America and he’s off to jail.
Normally, before this time arrived, these scam artists would have hired a plastic surgeon, and disappeared, having moved to some Caribbean Island without an extradition treaty, kind of like Polanski did after drugging and raping a pre-pubescent (‘cept he opted for Europe where his artistry was still idolized – where he’s protected by others in a decadent society that fits him.)
Madoff did to his investors. what the government has been doing to us for over 70 years with Social Security.
Originally they kept our “paid-into-accounts separate, but (then, as you know), they began dipping into it and now it’s obvious it can never come close to sustaining itself!
There’s no meaningful difference between the two schemes, except that one was operated by a private individual who is now in jail, and the other is operated by politicians who, so far, have enjoyed spending your money.
Their privileges, status, retirement, and health care, for the millennium seemed safe, for they wrote the laws and America was so prosperous not many cared enough to rail against it.
But eventually, this too, would become apparent and they knew it would come time to admit failure. The final straw, that broke America’s back was the sending our JOBS to cheaper labor markets – the last gasp of freedom and the grabbing of the gold ring for the thieves – bankers, corporate CEO’s, politicians, and other manipulators!
Meanwhile, others have develolped their own scams like “Derivatives”, Fannie Mae – Fannie Mac, and Bailouts.
Economically and politically astute elected officials, the ones who saw this coming, retired and got out of the limelight ….. over the last decade or so; most had already made their money and now they have their retirement and healthcare – they sit atop the ladder compared to those of us who’ve been screwed.
Their goal now, is to make it look as if it weren’t their fault.
That’s where and why Ron Paul, his son Rand, and the Tea Party came in, and now, in spite of the actions of these Three-Card-Monty gamesmen, causing their wealth to soar for decades …… politicians are beginning exposed – seen as thieves! FINALLY!
As more and more of the naive fall out from under the spell of the great orator, the Tea Party will grow …… Both Republicans and Democrats are toast except those few who’ve been screaming warnings about this at us.
During the times of the Revolt against mother England, we tarred and feathered the Torries, ….. or killed them.
Make no mistake here; this “commentary” is not about Tucson, nor about those who’ve become legitimate servants, trying to legitimately serve the public and find a way out of this mess ….. Gabby seems to be one of those honest and caring representatives and I could be surprised that there are more than I perceive.
Neither is this a “call to arms” but it is a wake-up call — the American Public needs to decide how to handle these greedy traitors.
First though, we need to stop the out-of-control spending and bring JOBS back to America.
That’s our only our way out, …. that and our ability to “dig deep”, tighten our belts, elect honest representatives, and pay our way out of this debacle – our incredible debt – someone on Glenn Beck’s show, said yesterday, our debt is the highest of any nation in history – I suppose that includes, Mozambique, the Weimar Republic, and a few others …. but there’s only one course that can bring us out of this.
The Soros types have planned this well and it may be too late ….. Besides, other nations have learned well — they have been and are still copying our successes and they too are focused on becoming the most powerful nation on earth ….. There’s another and possibly bigger danger lurking behind all this — that China may follow through with their implied and obvious threats to nuke us …. Think back to 12/7/41. And don’t forget the Jihadists crossing our borders …. and the inept (or conspiring?) officials. Also, please check out this article.