
By Ravi Batra
ISBN-10: 1403968594
ISBN-13: 9781403968593
ISBN-10: 1403979626
ISBN-13: 9781403979629
This e-book is simply incredible in explaining the social cycles which are found in the realm, and the way he forecasts occasions so properly. This booklet is a must-have in addition to the parable of unfastened alternate, and Greenspan's Fraud.
This will surprise you as to how corrupt our political approach is, besides our pathetic enterprise weather during this kingdom and a valueless media.
Read or Download Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy PDF
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Extra resources for Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy
Sample text
How do we know this happened? gov—to get the answer. Once inside the website, click on “Social Security Trustees 2004 Report” in the sidebar to the left, then on “text on portable document,” then on “Table of Contents,” and finally on “VI. ” It takes a little effort to find the information, but the reward is well worth it to get to the bottom of the issue in question. A5, which deals with assets of the OASI Trust Fund, in thousands (OASI stands for Old Age Survivors Insurance and is part of the OASDI fund).
Daniel P. ”24 What disaster? The Trust Fund was on its way to mending itself. Its red ink was the result of high unemployment, which lowered its revenues, and high inflation, which increased its cost-of-living benefits. S. 5 percent, and the inflation rate 3 percent. Both sources of the minor Social Security problem would have vanished over time either automatically or by means of suitable monetary and fiscal policies. In fact, as the economy created new jobs in 1983, the Social Security deficit vanished in a hurry.
The national debt would triple in eight years. And President Reagan was not going to do anything to prevent it. 25 (My italics) The commission’s secret was finally out. It was all about balancing the budget and controlling the national debt on the back of the American worker; “the nation’s finances were in terrible shape,” and the president couldn’t care less, so they had to raise the payroll taxes. Dire warnings about Social Security’s solvency issued by David Stockman and the Greenspan commission were mere pretexts, but they petrified a lot of people.
Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy by Ravi Batra
by Joseph
4.4