Tuesday, August 24, 2010

Your Social Security Check Just Bounced

Walter E. Williams reads the riot act to the government victims turned looters…

And they don't like it one bit.

To all the aging Pauls that want to rob Peter:

A dude accosts you on the street, "Hi. I'm a victim of Bernie Madoff. Give me my money back or I'll murder you."

Good idea?

The point is that those who paid into social security can only get their money back if it is robbed at gunpoint from others.

The criminal government is bankrupt, and no one has any right to get any more back from the government than what they can get out of the auctioning off of the government's assets. As the government is trillions in hock anyway and has practically no assets, no one will get more than a couple cents on the dollar, if anything. (Observe that most land the government claims to own is in fact unowned.)

The bang you just heard was the sound of a check bouncing.

"Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: 'Account overdrawn.' "

— Francisco d'Anconia

If you have been defrauded by the government, don't be sad, though:

Hungarian farmer Nagosh was asked to buy 5,000 forints' worth of government bonds.

"But what collateral do you have?" he asked the party promoter.

"I vouch for it myself," the man declared self-confidently.

"And what if something happens to you?" the cautious farmer asked.

"Now, comrade, then you'll still have the party as a guarantor!"

"But if we assume that something should happen to the party?"

"Well, comrade, that ought to be worth 5,000 forints to you?"

No comments: