Archive: September, 2008

The Freddie Mac/Fannie Mae Takeover Hoax

Hey, I just can’t sit idly by and watch the Fannie Mae/Freddie Mac Takeover Hoax continue with a comment.

The government did not takeover Fanni Mae and Freddie Mac!

It’s always been under the control of the federal government! That’s why it’s been always terribly mismanaged! Duh!

Fannie Mae was created by Congress under the National Housing Act of 1934.  You can read more history of HUD and Fannie Mae at:Hud.gov

The Fannie Mae Charter says the following:

Sec. 302. (a)(1) There is hereby created a body corporate to be known as the “Federal National Mortgage
Association,” which shall be in the Department of Housing and Urban Development. The Association shall have succession until dissolved by Act of Congress.

also,

Sec. 308. (b)The Federal National Mortgage Association shall have a board of directors which shall consist of eighteen persons, five of whom shall be appointed annually by the President of the United States, and the remainder of whom shall be elected annually by the common stockholders.

Freddie Mac was created by Congress under the Emergency Finance Act of 1970.

The Freddie Mac Charter says the following:

(2)(A) The Board of Directors of the Corporation shall consist of 18 persons, 5 of whom shall be appointed annually by the President of the United States and the remainder of whom shall be
elected annually by the voting common stockholders.

Again, They have always been under the control of the federal government! Oh, but they sell shares on the stock exchange, no?  Yes, and how many stupid investors are losing money right now?

The federal government is in debt over 9.6 trillion dollars!!  How can the government with a straight face say they are going to fix this system?  They are the system!

Why would anyone invest in a  company created by Congress anyway?  Yikes!

Search Google or Yahoo for Fannie Mae or Freddie Mac and corruption, and you will see how these government “enterprises” have ALWAYS been run ineptly.

Why?  They’re government! And oversight supposedly provided by HUD and Congress have been grossly negligent.

Publius

How does Social Security work?

I got this question recently from my Sister so I thought I’d answer it as best as I could, and make the answer available to everyone.

First of all, the laws governing Social Security can be found at:
http://www.law.cornell.edu/uscode/html/uscode42/usc_sup_01_42_10_7.html

If you dig deep, you will find something very startling (also not find things).  Although it’s called Federal Old Age Insurance, it is not an insurance program nor a trust fund.  Huh?  Oh, it gets worse!  Let’s get some background first.

The Social Security system was developed in Europe by wonderful “enlightened” socialists who needed money NOW and didn’t care about paying the benefits in the future because that was a question for future politicians, and also, most Europeans didn’t live long enough to receive benefits!

When the European created Depression hit here in the U.S. during the early 1930s, a great excuse arose for confiscating American money immediately (with a promise to pay in the future).  FDR needed to fund GOVERNMENT and disguised that need by the way of his now infamous Work (SOCIALIST) programs, etc.  Those programs will be explained in a future post.

The way it was setup  by Franklin Delano Roosevelt and his Socialist cronies, current Social Security taxes get put into the US Treasury, and then paid out to current retirees.  That’s right, at no time is an employee’s Social Security taxes “held in an account” and paid out when he/she retirees in the future!  IT’S A GIANT PONZI (aka pyramid) SCHEME.

**Note-Now you know why we need as many illegal immigrants working in the U.S.  The current system is running out of “current” payers!  The government needs fresh, dumb ,and ignorant meat.  Otherwise the system will soon collapse.

Review the laws linked above and find where there is a specific trust account setup for the employee.  Go ahead.  Prove me wrong!

The corrupt FDR US Supreme Court has seen to it that the Ponzi scheme continues.

Supreme Court Case: Helvering v. Davis, 301 U.S. 619 (1937):

“The proceeds of both taxes [Social security taxes on “employers” and “employees”] are to be paid into the Treasury like internal revenue taxes generally, and are not ear-marked in any way. Section 807(a), 42 U.S.C.A. 1007(a).”

Correct! Without ear-marks or trust accounts, the US Supreme Court admitted to their non-existence and since all monies go to the Treasury, you now know how Uncle Sam screws you.  He takes your money, claiming a possible future benefit, only to spend that money today!

**Note-It’s called “Income Redistribution”.  It’s called Socialism.  A form of government wholly un-Christian like.  More on that later…

The US Supreme Court in this case overruled a lower court which ruled Social Security as UN-CONSTITUTIONAL, but did not explain why it was Constitutional.  And why not?   Well, if you were trying to help FDR run a bankrupt government, would give the public those nasty details?

Ok, but let’s say it is a legal program, how does it work?

Your Social Security taxes go into the general US Treasury fund and are used pay whatever the US Treasury needs to pay, ie, the public debt, a new army tank, to repair a window at the courthouse, whatever.

When you “apply” for a Social Security number, you admit that you cannot care for yourself and require the help of federal programs.  For this legal “status“, you become “eligible” for federal benefits.

Your Social Security benefits are calculated based on the average of your 35 highest years of “earnings” while you were “employed“.  You will get monthly checks when you retire and “apply” for your retirement benefit.  Can you be denied your retirement benefit?  Of course!  The Social Security laws do not provide for automatic payment.  There are numerous reasons you can be denied.  The US Supreme Court agreed that the Social Security program does not owe anyone any money.  Sorry.

The words in quotations have very real legal meaning and can be found in the laws linked above.  Read the meanings slowly.  They do not always mean what you think they mean.  It takes a long time to understand “federal” speak.

The Social Security program has always been misunderstood.  That’s because it’s a government program, and it’s for the benefit of the government and not you.  Furthermore, it’s not for Christians.

Christian Dogma flies straight in the face of the Social Security/Welfare system.  The application for an SS Card is a form limited to a very specific purpose. It is only for indigents who need federal funds.  Numerous regulations, court cases, supports this.

Since the inception of the Social Security program, both here and abroad, it has been viewed by most Christin organizations to be the mark of the beast with it’s numbering system.  Most Amish do not pay into the system, as well as other “religious objectors“.

In Matt 20:25-27 and Mark 10:42