Joyanna Adams

Nobody's Opinion

Bernie Madoff’s Social Security Scheme

Nobody Gets Email

This email speaks for itself. We should all remember this when they talk about Social Security.

(Thanks to Tom Beebe)

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Why did Bernie Madoff go to  prison? To make it simple, he talked people into investing with him. Trouble was, he didn’t invest their money. As time rolled on he simply took the money from the new investors to pay off the old investors. Finally there were too many old investors and not enough money from new investors coming in to keep the payments going.

Next thing you know, Madoff is one of the most hated men in America and he is off to jail. Some of you know this, but not enough of you. Madoff did to his investors what the government has been doing to us for over 70 years with Social Security. There is no meaningful difference between the two schemes, except that on was operated by a private individual who is now in jail, and the other is operated by politicians who enjoy perks, privileges and status in spite of their actions.

Do you need a side-by side comparison here? Well, here’s a nifty chart.

BERNIE MADOFF

SOCIAL SECURITY

1. Takes money from investors with the promise that the money will be invested and made available to them later.

1. Takes money from wage earners with the promise that the money will
be invested in a “Trust Fund” (Lock Box) and made available later.

2. Instead of investing the money Madoff spends it on nice homes in the Hamptons and yachts etc.

2. Instead of depositing money in a Trust Fund the politicians transfer

  it to the ‘General Revenue Fund’ and use it for general spending and vote

  buying.

3. When the time comes to pay the investors back Madoff simply uses  some of the new funds from newer investors to pay back the older investors.

3. When benefits for older investors become due the politicians pay them with money taken from younger and newer wage earners to pay the  older people.

4. When Madoff’s scheme is discovered all hell breaks loose. New
investors won’t give him any more cash.

4. When Social Security runs out of money the politicians try to force
the taxpayers to send them some more; or they cancel Social Security to all  those who paid into it.

5. Bernie Madoff goes to jail; then who pays his medical, housing and
medical expenses?

5. Politicians remain in Washington… with fat medical and retirement benefits.

The Taxpayer; That is someone who works for the federal government but doesn’t have to take the civil service examination.

“If you put the federal government in charge of the “Sahara Desert”, in five years there’d be a shortage of sand.”

                                                            –Milton Friedan

Pass this on to Another Taxpayer.

October 30, 2011 Posted by | corruption, Social Security | , , | 11 Comments

Vernon Jordon: The Mojo Corporate Black Ace in the Hole

 Nobody’s Fool:                                                      
Vernon Jordon
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You have to ask yourself…who is really running the country? Here we find Obama playing golf with none other than Vernon Jordon. Vernon was always playing golf with Bill Clinton, in fact he was Bill’s personal advisor. So, just who is this unelected advisor to Presidents, especially the Democratic ones? Why do they always run to him when they’re in trouble?
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Vernon was the one who tried to get Monica Lewinsky a job at the U.N. for her silence during Bill’s impeachment ..remember?
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Mr. Jordon started out as a chauffeur to former Atlanta Mayor, Robert Maddox. Mr. Maddox had been to Harvard, and isn’t it just a coincidence that a lowly chauffeur could get into Harvard? BUT…that’s just what Vernon did…saying he saved up his money from being a chauffeur.
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Makes you wonder just who was riding in the limo, doesn’t it?
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From Harvard, Vernon set out to make himself a lawyer, And once he got out of Harvard, the world was his oyster. He has been the Director of the National Urban League, a community outreach organization. (Did Glenn Beck miss this one?) He served as the Georgia Field director for the National Association for the Advancement of Colored People. (NAACP) He moved to the Southern Regional Council, and then to the Voter Education Project. In 1970, Jordan became the Executive Director of the United Negro College Fund.
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He left the law firm Akin, Gump, Strauss, Hauer & Feld (where he earned about $1 million a year) in 1999, to join the Lazard Freres, where he is now the Senior Managing Director of Lazard LED. and the Lazard Group, divisions of the financial advisory and investment firm. And now, he sits on the board of multiple 500 Companies, which include American Express, J.C. Penny Corporation, Xerox, Asbury Automotive Group, and the Dow Jones & Company. He is formerly a member of the board of directors of Revlon, Sara Lee, Corning, and RJR Nabisco.
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So, when you hear that the democrats are for getting at the BIG,NASTY,CORPORATIONS..remember..Vernon Jordon sits on many of them. And he is the man who always plays golf with the democratic Presidents. According to sources: He puts people together. I bet he does.
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Oh..he’s also on the Council of Foreign Relations and was an advisor to Iraq, which mean,  I’m sure it”s only a matter of time before he’s the director. Sometimes Fascism comes in a golf cart, with a white hat on.
Nobody Thinks this man has some real serious Mojo working. Either that, or he knows all the secrets, and where all the bodies lie. That limo had a big trunk. What we do know, is Obama must know that he’s in trouble, or he wouldn’t be playing golf with him. Let’s hope Vernon doesn’t wear white socks, too.
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When all the boards of our biggest corporations are filled up with politician’s wives and friends, we truly are stupid to believe that they are not in bed together BIG time. Michelle and Hillary were both on the boards of Wal-Mart. No wonder it’s the biggest company in the world.
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There should be a law against these close advisors and buddies of Presidents becoming directors and board members of major organizations and companies, but there isn’t, and if there is…they really don’t care.
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Can anyone say…”FOUR!!!”  Wait…Shultz doesn’t even play golf, poor guy. Or is he just observing the white socks? As Shultz would say if he had been their caddy for the day…
“I..no..nottting! ‘    And niether do the rest of us!

August 25, 2011 Posted by | corruption, democrats, economy, Obama, politics, Presidents | , , , , , , | Leave a comment

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