I agree Christopher that these are ironic times, but I will add that this is also the era of dishonesty. I am forced to hear Bloomberg TV from 9 to 5 and my level of disgust is approaching its tolerable maximum. I have to hear today a certain Ms. Warren, who I understand is being considered for The Supreme Court, say the most naive things about state regulation of free markets. I can not imagine somebody in that position can be so naive or crass, therefore it has to be dishonesty. They are trying to convince a gullible public that without government officials chaos and unimaginable misery would ensue. “Apres nous, le deluge” seems to be the motto of the Washington elite politicians.

Social Security. Here’s a perspective that isn’t otherwise delivered. Social Security is viewed as a great boon to the American people, being a safety net for old age. Franklin Delano Roosevelt is worshipped for this apparently socialistic legislation, a cog in his “New Deal”. FDR was, however, a minion, a tool, of the central bankers, of the controllers of the Federal Reserve, just as Obama is (the recent S.E.C. suit against Goldman Sachs is distracting “gorilla dust” designed to deceive Americans to make them believe Obama is against Wall Street). The prime architect of FDR’s programs was his Uncle Frederic Delano (his mother’s brother) who was the first Vice-Chairman of the Federal Reserve when it was created and saddled upon Americans. FDR’s theft of the American people’s gold, accomplished under the color of an unconstitutional statute, and his simultaneous imposition of unconstitutional irredeemable paper money upon the American people, were giant steps forward for the benefit of the central bankers, both American central bankers and foreign, setting up the Federal Reserve to be the most powerful entity on the planet. But, one must ask, if FDR was a minion of the central bankers, then why would he install a massive socialistic program to help the masses in their old age? Surely central bankers have no such concern. The answer to this question, is revealing and explains much of what’s happening today on the federal level. The Social Security program was correctly seen (central bankers are good at math and have actuaries) to be a fat cash cow, that would generate huge surpluses for many decades, based upon a very regressive tax system levied only on wages (not income in general) and not on any wages above a low cutoff level, so that high incomes would pay virtually none of the social security tax producing the annual huge surpluses. And, of course, all the huge surpluses from 1935 to now, were taken from the social security program (and replaced with below-market interest rate I.O.U.s from the Treasury) and spent, over the decades, on the federal government’s general operating expenses. But now, 75 years after its inception and given the changing population demographics, we’re approaching the point where the annual social security taxes being taken in will soon no longer amount to enough to pay the benefits being paid out to the growing number of retirees, requiring the Treasury to soon begin to honor the Treasury I.O.U.s piled up in the Social Security Trust Fund. If these I.O.U.s are actually honored, then the Social Security program is good for another quarter of a century without any change. But having to pay those debts to the Social Security program means the program will stop being a cash cow. So now is the time that the central bankers controlling the federal government will take steps to diminish it and phase it out. The new financial commission unilaterally created by Obama has, I am sure, this purpose as one of its taskings. And this diminishment / phase-out is more bipartisan than you think, because the central bankers control Congress, that’s what they do.