Elderly, Poor & Boomers!
Do any of you fit into one of those categories? If you do LOOK OUT!
The government pretends that Americans won't be facing dangerous inflation by 2012. The facts prove otherwise.
Surging gasoline and food prices are starting to reflect the coming tidal wave of much higher real-world cost-of-living increases in our future.
Income taxes are also supposed to be indexed so that taxpayers do not pay more for raises that merely offset inflation. Since December, inflation has been decreasing the purchasing power of the dollar by an annualized rate of at least 4.5 percent.
REAL – WORLD INFLATIONSKYROCKETS 85% SINCE 2009!
Just last week Kansas City Fed President Thomas Hoenig said the Federal Reserve’s “highly accommodative” monetary policy is partly to blame for rapidly increasing global commodity prices and called on his colleagues at the Fed to raise the benchmark interest rate toward 1% soon.
In effect, those on Social Security are being taxed so the government will have more money to spend elsewhere, such as on foreign aid and hiring more Federal employees at $123,000 a year in salaries and benefits, double the average remuneration of private sector employees.
“This is being done by a President who promised he would not increase the taxes on anyone who earns less than $250,000 per year,” says Craig R. Smith, businessman and author of a new 40-page research investigation titled "The Uses of Inflation: Monetary Policy and Governance in the 21st Century."
Deceptive “Core inflation” Index: The Devil in the Details!
“Social Security COLAs, as well as Federal tax adjustments that are supposed to partly offset inflation, are based on a gimmicky 'core inflation index' that deliberately omits food and energy costs,” says Smith. “It ignores soaring supermarket prices that are starting to reflect the more-than-50 percent world price rise in the cost of wheat and corn. The cost of some once-inexpensive foods such as pork is already up in the past year by double-digits. Butter has risen by almost 22 percent, with prices for many basic foods about to rise sharply,” says Smith.
“How can the government pretend that we won't be facing dangerous inflation by 2012?” asks Smith.
“With food and fuel prices already soaring, how can the government look ahead more than nine months and say that Social Security recipients will get at most only a tiny cost-of-living increase that will be eaten up by Medicare increases deducted automatically from their Social Security?” asks Smith.
The bottom line is that government is squeezing many tens of billions of dollars out of taxpayers and seniors on Social Security by manipulating dishonest inflation numbers.
“This policy also cheats retiring Baby Boomers and younger future retirees, because it takes more taxes from them today and creates a dishonestly low baseline for their Social Security benefits when they retire,” says Smith. “This will make Boomers' monthly Social Security payments lower for the rest of their lives.”
“This inflation shell game by the current Administration is robbing Americans by grabbing more taxes while paying out less in promised benefits,” says Smith.
“This enriches politicians and the government by picking the pockets of all the rest of us,” says Smith. “It's time for Americans to yell 'STOP, THIEF!'”
That sucking sound emanating from the White House is your family's financial future and the purchasing power of every dollar of your life savings being flushed down the drain!
Most of us have been deceived into thinking that high inflation is the inadvertent by-product of misguided or unlucky government policies.
Inflation IS this governments policy. The approaching tidal wave has been deliberately set in motion. Rising commodity prices are just the warning signs of hidden forces driving the fast-approaching inflation tsunami.
Beneath the surface, inflation is being used as a government tool for: 1) helping political friends and harming enemies, 2) advancing an ideology, 3) secret taxation, here and abroad, 4) social engineering, 5) wealth redistribution, and ultimately 6) absolute power.
THE USES OF INFLATION: Monetary Policy and Governance in the 21st Century explains why inflation is much more than higher prices, and what steps you and your family can take to survive, thrive and even prosper during the hard economic times in America's immediate future.
The Silent Taxing of the Elderly, Poor & Boomers Is CRIMINAL! If you find yourself in one of those categories, there are steps you can take to prevent total financial devastation. Every financial expert recommends at least 5 to 20 % of your nestegg in gold or silver.
"WE'RE IN THE TERMINAL STAGES OF THE WORLD'S MOST GIGANTIC PYRAMID SCHEME ," set to vaporize the assets of the average citizen.
Heed the clear warning signs here and protect what's left of your ever dwindling nest-egg, before the dollar collapses even further, rendering dollar-denominated assets VIRTUALLY WORTHLESS!
This site tells the complete story on the most affordable gold purchase plan in the world.
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