Homestead mailing list

[bob ford <bobford79 AT yahoo.com>]

James, 10,000% inflation qulaifies as a precipatator of societal upheaval,by 
my limited cognition. And, if it occurs,  I'm warning you, Americans will not 
react like Icelanders.  Cities will burn, and the citizens will all be 
heading to the countryside ......bobford

p.s.  I put the homestead address next to your address, on the top line, with 
this reply (instead of the CC line).  Maybe when you reply, it will go to the 
whole list instead of just me, like the below message

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--- On Sun, 11/9/08, Clansgian AT wmconnect.com <Clansgian AT wmconnect.com> wrote:

> From: Clansgian AT wmconnect.com <Clansgian AT wmconnect.com>
> Subject: Re: [Homestead] SSI was:. "on the dole"
> To: bobford79 AT yahoo.com
> Date: Sunday, November 9, 2008, 1:23 PM
> > >I see what you are saying, Don.  But, I see no way,
> without a complete 
> > societal upheaval, that the gov't can
> "kill" SS. 
> 
> There is a way and it has been done many times before. 
> When a country wants 
> to cancel it's pension or retirement scheme, it allows
> or engineers massive 
> inflation.  You still get your retirement as promised, only
> after a couple of 
> years of 10,000 percent inflation, it costs the government
> nothing to meet its 
> promises.
> 
> We are supposed to have COLA to counterbalance this, but
> there have been work 
> arounds to avoid COLA until now it is almost moot.
> 
> 
> 
> 
> > Most of the people on or near retirement have paid
> into SS for years and 
> have 
> > planned their retirement around the idea that SS will
> pay for some, at 
> > least; and , in some cases, a a large part of their
> expenses. 
> 
> 
> People payed into 401Ks for years too and much of that has
> evaporated.   "The 
> best laid plans" ... you know.
> 
> People (as expressed in part here) seem to have the
> impression that American 
> society will financially tear the planks off the ship down
> to the waterline 
> (and below) to feed the boiler to keep SS going no matter
> what as if that is the 
> one single most important theing we do as a people and as a
> society.
> 
> I'm thinking we are going to find out otherwise.
> 
> The US is playing a terrible gamble right now.  We have
> printed up trillions 
> of obligations that we claim the American people can make
> good on with goods 
> and services (or plunder) over the next decade. 
> There's no guarantee we can.  
> In fact, right now, there seems few prospects that we can.
> 
> James