Posts Tagged ‘Ponzi Scheme’

More on Ponzi schemes like Social Security

Saturday, 27 April 2013 11:00 Written by Bob Adelmann 1 Comment

My life purpose and passion is from Ephesians 5:11: “Have nothing to do with the deeds of darkness, but rather expose them.” One of the greatest “deeds of darkness” is the deceit that is Social Security. Here’s an updated definition from Gary North.

14,000 Idle Wind Turbines a Testament to Failed Energy Policies

Wednesday, 10 April 2013 19:00 Written by Bob Adelmann 1 Comment

One thing wind turbines do is waste enormous amounts of government – taxpayer – money. At that it is very efficient.

Social Security to Run Out of Money Much Sooner Than Estimated

Friday, 08 February 2013 19:00 Written by Bob Adelmann 0 Comments

That little footnote in the CBO report spells doom for all the prognostications about the health of Social Security.

Bernanke is Bankrupting Social Security

Sunday, 30 September 2012 09:18 Written by Bob Adelmann 0 Comments

The Fed Is Systematically Destroying Social Security And The Retirement Plans Of Millions The Social Security trust fund needs to earn interest to achieve levels that will preserve it till 2033; with interest rates close to zero, the trust fund is projected to be depleted ten years earlier – by 2023. By law, the money [...]

Social Security is Cratering

Thursday, 16 August 2012 19:00 Written by Bob Adelmann 0 Comments

WaPo: FACT CHECK: Social Security adds to budget deficit “Over 77 years and now through 13 recessions, Social Security has not added one penny to our deficit or our debt,” Rep. Xavier Becerra, D-Calif., said at a recent hearing by the House Ways and Means Social Security subcommittee. Becerra is the top Democrat on the panel. [...]

Allen Stanford’s Ponzi Scheme a Study on Regulatory Capture

Friday, 09 March 2012 14:19 Written by Bob Adelmann 0 Comments

The reason this guy got away with this for so long is that he was simply buying off people to look the other way. Those people sold out in hopes that Stanford would hire them once they left the regulatory agency. Sweet deal for everyone except Stanford’s customers who assumed, since the regulators were quiet, that everything was A-OK.

80 is the New 65, Two Surveys Show

Wednesday, 23 November 2011 04:09 Written by Bob Adelmann 0 Comments

This article really touched me close to home. I was in the financial services business for years, doing my best to help clients maintain and increase their purchasing power. Over the past ten years it has been nearly impossible to do so (unless of course you’re a big banker with connections), and many people have gone backwards.

Is Rick Perry Right? Is Social Security a Ponzi Scheme?

Wednesday, 14 September 2011 21:17 Written by Bob Adelmann 1 Comment

This is another elitist “meme” that is failing. Social Security was sold to the American people as a government insurance program. It was never actuarially sound even in the beginning, but it has morphed into a simple inter-generational wealth transfer program. And the more people, especially young people, become aware of how it really works, the greater will be the pressure to abolish it. Thanks to the internet, this information is now available for free, without the government “filter.”

Lieberman Plans to Kick the Medicare Can

Saturday, 02 July 2011 07:45 Written by Bob Adelmann 0 Comments

A welfare-statist like Lieberman wouldn’t see truth if it rode side-saddle through his living room. That’s why he’s persuaded he can fix something that can’t be fixed.

A Harvard Professor’s Goofs, Gaffes, and Blind Spots

Thursday, 31 March 2011 10:15 Written by Bob Adelmann 0 Comments

This was a fun article to write. In his attempt to be clever, the good professor showed us his biases. As a progressive, he has a point of view which excludes any mention whatsoever of the Federal Reserve.