BoatBanter.com - View Single Post

Keyser Soze

On 6/13/18 10:52 PM, wrote:
On Wed, 13 Jun 2018 16:50:54 -0400, Keyser Soze
wrote:

On 6/13/18 4:42 PM, Bill wrote:

And why are you opposed to social security funds in the stock market?

My recollection is that the private wall street banksters were lobbying
to "invest" those funds and earn their profit off it. Norges Bank
belongs to the people of Norway.

Norway invests all over the world in all sorts of things, Those
investments return real capital gains. The SS/MC funds are not really
invested in anything. There are just IOUs in the box and the
government spent the money on things that do not generate any income
for the government. They chalk up phony interest payments but some of
the money has to be borrowed from someone else when they actually have
to pay people the benefits they promise.

I suppose I should explain in pidgin English. I am not opposed to
investing. I oppose using the banksters in the USA to handle those
investments on behalf of our citizenry.