This giant ponzi scheme really depends on two economic factors: a solid growing U.S. labor market and a sound stable monetary policy. That it is broke and broken is really an understatement.

It is no mystery where American jobs have gone. We do not have a solid growing U. S. labor market. The mystery shrouds our monetary policy.

Our monetary policy is determined by the Federal Reserve System (Fed). It is a private central bank that feeds on expanding debt. Using a fractional reserve system it must constantly inflate the money supply. That’s why the economic indicator called “inflation” has been with us since congress passed the Federal Reserve Act in 1913.

So, my fellow senior citizens the danger should be evident!! Inflation diminishes the value of your fixed income. What looks like rising prices is really a shrinking dollar!! 

The federal government has a responsibility to make good the benefits for which they forcefully taxed the American working public. 

As the government and/or the Fed bail out the mortgage meltdown mess and craft stimulus packages they must inflate the economy. Inflating the economy will not produce lasting equity for our senior citizens.

Breaking my own rules, I can’t resist the sarcastic: “Social Insecurity” makes me wonder where the buck will stop?!!