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Title : If Adam Smith Was a Tailor
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If Adam Smith Was a Tailor

From InvisibleHandFashion.com!

 

Social Security is the largest Ponzi scheme in history. Sort of. A proper Ponzi scheme is

a fraud perpetrated on willing victims. Bernie Sanders Madoff is a great contemporary

example. Early "investors" are cashed out using the money from larger number of later "investors",

then their success stories are used to get even more "investors". People from the earlier stages do

well and people from the last few lose their hat. It's a felony in most places. In Washington D.C.

it's standard practice to get elected.

Social Security is a case of the old eating the young, enforced

at gunpoint, excused as a Ponzi scheme by beneficiaries and the more foolish victims. Of

course it will fall apart eventually; no pyramid scam can grow forever. The most unfortunate part of the

Social Security Ponzi scheme is that the first few generations to benefit got away clean. As much

as the Boomers are hated, they didn't start Social Security. They weren't even born yet. But Boomers

just may be the first generation to get screwed, and by their own votes no less. The Social Security

system is still in place, but over last few decades the Boomers have inflated the dollar so much

that their Social Security and pension checks will barely be worth enough to subsist on cat food.

(Which of course they have, being the reigning All-Time Divorce World Champions.)

"Oh, but Social Security is inflation adjusted!" I hear you say. It's nice that you bring that up

because the inflation numbers have been rigged for decades, and it's only getting worse to hide

the devastating effects of Obamacare and the Bankster Bailouts. Beef prices will raise the official

inflation index by two cents while medical and housing prices will have silently quadrupled.

The relative weight of various commodities to the CPI are listed on page 8 of this document:

https://www.bls.gov/news.release/pdf/cpi.pdf.

Food, which as the Captain mentioned recently is nearly free, accounts for 13% of the CPI. Medical care,

which can quickly bankrupt you, accounts for less than 7% of the CPI. Rent, which has skyrocketed

in most places, is less than 8%, despite housing costs averaging 30-40% of Americans' income. The

Owners' equivalent rent of residences figure listed below, at 23% weight, is just a survey where

homeowners are asked what they feel their house would be worth if rented out. Very scientific.

So what can you do to avoid being on the losing end of the Ponzi scheme? Besides being born in 1899

or subsistence farming a remote island in Panama, not much. The best course of action is to not waste money on

worthless degrees and live minimally so as to not lose all your hard money to

parasites.

  The only exceptions to living minimally are of course getting  

good advice and shoving facts in the face of annoying leftists.

Thanks for reading. Use discount code CAPPY for 15% off your first order!

"Adam Smith"

InvisibleHandFashion.com

Gab: @ihf

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