Letters from the Editor - The Social Security Act of 1935

[Morton Thomson Jr.]

My response to an email from one of our members who reminded me of the debacle that is The Social Security Administration and their evil acts against mankind. I had to remind him what the title said, To whit;

The Social Security Act (Act of August 14, 1935) [H. R. 7260]

"An act to provide for the general welfare by establishing a system of Federal old-age benefits, and by enabling the several States to make more adequate, (define adequate), provision for aged persons, blind persons, dependent and crippled children, maternal and child welfare, public health, and the administration of their unemployment compensation laws; to establish a Social Security Board; to raise revenue; and for other purposes."

You see there right in the title Rick; An act of "Welfare" establishing "Benefits" Your news is not news, it is simply the facts.

I especially like the part where it says "And for other purposes."

Boy does THAT leave the barn door wide open! It's no wonder the accounts are broke. Filled with IOU's is what they are. It's time to sue these bastards for everything they've got. Then take them all straight to jail, where they belong.
I will post this again. Thanks for the inspiration.

BTW, a story I've told people many times; a government set of employees in CA back in the late seventies, early eighties or so, opted out of SSN. They were given the option in their gov't union contract back then, so they opted out. They all now retire with around $9200/mo, ad infinitum. Here's a note for you though. With the same "contributions", SSN would be sending them checks for about $1400/mo. instead, with no guarantee of faithful payment. Can you say FRAUD?

Controlling their own retirement fund as a group, allowed them to "farm it out" to private investment firms on an annual basis to be renewed every Jan. 1st.
The resulting competition in the "Private Market", resulted in them always getting the best deal going, with THEIR best interests in mind or the firm would be fired the following year.
Competition created excellence. The government doesn't HAVE any competition. They are a monopoly. That is what we need to change. Thanks for reminding me.

Morton IX

[Elaine Morris]

I have been seeing more articles, "Make 10,000 a month, etc.  Have you seen those?

There is NO WAY I am giving those people my information to join

I'm not sure what to do now.

[joseph cronin jr.]

HOW ?   Simply reVealing to everyone how they can benefit will make them , the crooks , PAY . THAT'S THE RESULT WE'RE AFTER ISN'T IT .?   How ?

[Elaine Morris]

Joseph, if you want to find out about it...let me know the outcome.

There are so many con jobs out there now giving you (or us) the moon.

"There ain't no free lunch."

[joseph cronin jr.]

THAT'S THE ANSWER I ALWAYS GET FROM the sovereigns , they found out and instead of helping others they give a sad excuse for making the process $$$$$ cost  It' too complex and us slaves become trapped .  ever try to fill out a ucc-1 ??? the state gives us crap and we get the same shit from our side . No thanks ; the country will end in the shit house all because of conceit and people playing elitist head games .

Yeah , happy new year

" our side

[Elaine Morris]

Perfect Post...ABSOLUTELY PERFECT!

You have a happy new year.  I mean that!  I hope something VERY SPECIAL HAPPENS FOR YOU THIS YEAR!

[joseph cronin jr.]

If I'm getting this right , an annuity is something ( an investment ) that's renewed every year .

[Morton Thomson Jr.]

This is a fund of investments that is used much like a 401-K, but no automatic renewal process. The fund is put up for bid every two years I believe.

Investment firms will bid for these coveted funds to use as investment capitol and X number of "deposits" in their coffers. Thus the fund manager must promise to deliver certain results (minimums), within the two year time frame while they are in control of the fund.

Thus they MUST make a profit from their investments to honor their contract and perhaps win the confidence of their investors. This could win them a bid the next time around (in two years).