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Coreysaurus
Thom Hartmann Program
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Comments by "Coreysaurus" (@ggadguy) on "Skepticism About National Health Care" video.
I love Thom's choices... You either can either put the SSI money into government treasuries or to the stock market? Both are wrong. How about I keep my damn money in the first place so it's not tied up in the government. I should have the personal freedom to opt out of any system, and be able to choose, instead of have my retirement money lose value over time. Even Thom talked about this on his radio show a few days ago.
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It didn't make any sense to Thom, because he doesn't talk financial markets, but this made perfect sense. The debt of the government is NOT the safest investment. Bill Gross, formerly the largest holder of US treasury bonds just dumped all of his bonds. We are seeing the bond bubble right in front of our eyes. Along with it is the fall of the dollar. Here was another warning, but of course when the shit hits the fan people will wonder WTF. Don't say we didn't warn you.
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@Beannaich That's a good suggestion, but I'm afraid the politicians aren't going to do jack squat. It's going to need to be a combination of tax increases for the corporations who pay no tax now, and spending cuts, which could be done in many ways, starting with the military. Did I get to my 80% mark yet? : ) OK, I'll shut up.
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I've got news for conservatives and liberals... this lady is absolutely correct. All the war spending was paid for by money printing from the Federal Reserve, off budget. The Federal Reserve is now buying up treasuries with "printed money" since the Chinese and other countries don't want to buy our debt any more. The Social Security "reserves" are only there if the revenue is there and it isn't. We are going into a hyperinflationary period this decade, since no politicians are addressing SSI.
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