World's Food at Record Prices

We already know that the "Arab Spring" was really the result of rising food prices.  If you are a Tunisian living off of $2 per day and had been spending $1 per day for you daily bread and now that same daily bread costs $2.....that doesn't leave you much to do anything else with.

And so the riots start.

Today we find this headline and wonder how many hundreds of millions of people around the planet are going to pushed into starvation.

Meanwhile, here in America we are suffering through the obesity crisis to ever befall a nation.  We have literally eaten ourselves into medical bankruptcy....something isn't right.

World food prices are being propped up by the cost of cereal crops, which have risen on anticipation of a shortfall in production this year.

There is likely to be six million tonnes less than was predicted in July.

Global food prices are now at record highs according to the UN Food and Agriculture Organization which has been assessing a range of essential foods.
See it here;  http://story.arabherald.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/841022/cs/1/ht/Record%20high%20prices%20for%20world%20food/

Vampire Attacks Wheelchair Bound Man

God forbid the OT Israelites from drinking blood.  So is it a coincidence that vampire movies, shows and books are blanketing our society?  And now we have woman who shreds a poor guys face saying she IS a vampire.

A self-proclaimed vampire attacked an elderly wheelchair-bound man outside a Florida Hooters Restaurant just before midnight on Thursday, leaving him bloodied and in need of stitches, police said.
   
Milton Ellis, 69, had fallen asleep on the porch of the deserted Hooters in St. Petersburg when he woke up to find Josephine Rebecca Smith, 22, on top of him, he told police.

Smith told Ellis she was a vampire and then proceeded to bite him, tearing off chunks of his face and a part of his lip, St. Petersburg police spokesman Mike Puetz said, according to The St. Petersburg Times.

"After he fell asleep on the ground, he claims that she attacked him, started yelling that she was a vampire, that she was going to eat him and started biting him by his face and body," Puetz said.
Blood dripping from bite marks on his neck and face, Ellis managed to scramble back into his motorized wheelchair and reach a nearby Shell gas station, where he called police.

Police: 'Vampire' said she remembers nothingPolice found Smith on the blood-stained Hooters porch, half-naked. She was covered in Ellis' blood and said she didn't remember anything about the attack, according to Tampa Bay's Fox 13 News. She wasn't injured and hadn't been assaulted, police said.

Here it is; http://www.msnbc.msn.com/id/44452472/ns/us_news-weird_news/

If you go to the link above you can see a photo of the vampire woman.  You tell me if she doesn't look like she has a demon in her.

We can expect bizarre headlines like this to increase.

Texas Sets Record for Heat and Drought

Another "ever"....if you are keeping score.

LUBBOCK, Texas — Texas just finished the hottest June through August on record for any state in the U.S., weather officials said Thursday.
   
National Weather Service meteorologist Victor Murphy told The Associated Press that Texas' 86.8 degree Fahrenheit average beat out Oklahoma's 85.2 degrees in 1934.

That Dust Bowl year is now third on the list for the three-month span, behind No. 2 Oklahoma's heat wave this June through August at 86.5 degrees.

Both states and others in the nation's southern tier have baked in triple-digit heat this summer.
Louisiana's heat this June through August puts it in the fourth spot all-time, 84.5 degrees.

Here it is; http://www.msnbc.msn.com/id/44441386/ns/weather/

Also notice that the article goes on to say that the drought in Texas is also the longest ever....so we have two "evers" in the same article.

Texas has been the hardest hit by the long-lasting drought, which is the longest on record for the key agricultural state.

Did you also know that Texas is a key agriculture state and is the 2nd largest producer of wheat?

There will be famine....

Crazy Flooding Continues

The Eastern U.S. just can't catch a break.  First an earthquake, then a hurricane and now epic rains that have dropped 15 inches in some parts and brought rivers up 30 feet in a matter of hours.

(Reuters) - Relentless rain spawned by the remnants of Tropical Storm Lee caused major flooding in the eastern United States on Thursday, forcing the evacuation of about 130,000 people in Pennsylvania, New York and Maryland.

Some 65,000 people were evacuated from Wilkes-Barre, a city in northeastern Pennsylvania, and 35,000 others were evacuated in surrounding counties, all threatened by the rising waters of the Susquehanna River in Pennsylvania, said Stephen Urban, commissioner of Luzerne County.

At least three people died in Pennsylvania due to the flooding. The torrential rain came from a weather system that earlier soaked the U.S. Gulf Coast and tested the flood defenses of New Orleans.

Residents were warned of flooding conditions in states from Virginia up the East Coast to Massachusetts. Highways were closed and rail service stopped by flooding.

See it here; http://www.reuters.com/article/2011/09/09/us-usa-flooding-idUSTRE7874I620110909?feedType=RSS&feedName=domesticNews

All this going on as U.S. continues to badmouth Israel and pressure her to apologize to Turkey and give in to Palestinian demands.  Must be a coincidence?

"I will bless those who bless you and curse those who curse you."  Says God.

Massive Power Outage Strikes California

We were just talking today at a prophecy luncheon about the massive solar storms that are erupting and now it is being reported that over a million people are without power in southern California.  They say that it appears the power outage started in Arizona but there was not any word as to what has caused it.

Now notice this statement:
On its Web site, San Diego Gas & Electric gave this ominous advice to customers: "If you have a personal family emergency plan, please activate it now."

See it here;  http://www.thestreet.com/story/11243643/1/massive-power-outage-strikes-san-diego.html?cm_ven=GOOGLEN 

Friends, if you haven't thought about your own emergency plan in case of an earthquake, tornado, flood, or power outage....now would be the time.  In case you haven't noticed, things are getting crazy.

No Matter the Cost

 The conflict between Turkey and Israel continues to gain strength...as the players of Ezekie 38 continue coming online.

Now Erdogan is saying that Israel cannot dishonor Turkey and Turkey will stand firm...no matter the cost.

Those sound like fighting words.

Turkey expelled top Israeli diplomats last week, suspended all military deals and vowed to step up Turkish navy patrols in the eastern Mediterranean, angered over its former ally's refusal to apologize for the raid that killed eight Turks and one Turkish-American.         

Turkey also promised to lobby for support for the Palestinians' bid for state recognition at the United Nations and warned that more sanctions against Israel could follow. 

But Erdogan said Wednesday Turkey was determined to keep up its stance toward Israel at any cost.
"We don't care if it costs $15 million or $150 million," Erdogan said. "We will not allow anyone to walk all over our honor." 

See it here:  http://www.haaretz.com/news/diplomacy-defense/erdogan-we-will-not-let-israel-disrespect-turkey-no-matter-the-price-1.383110

It's pretty funny that Turkey is also mad at Israel because Israel isn't delivering the military drones that Turkey wants.  Erdogan says that even though they aren't talking to Israel anymore that they still want their drones...and thinks that Israel should give them what they ordered.

Also remember that honor is the main thing within Islam.  It is more important that honesty or integrity.  Everything floats on honor...so when he says they will stand for their honor...he probably means it.

Even Goldman Sachs Believes Collapse is Coming

We already know that one former Goldman Sachs analyst has been warning of economic collapse followed by a major world war in 2012.  His name is Charles Nenner and you can google his name and watch many of his interviews on mainstream programs.

And now we have an active analyst from Goldman who has sent out a 54 page report to their top clients preparing them for an economic collapse...and what those clients can do to make money while the world comes apart.

Here is a link to the WSJ article;  http://online.wsj.com/article/SB10001424053111903895904576542703587784540.html?mod=WSJ_hp_LEFTWhatsNewsCollection

And the comments below are from a fellow blogger who has already done a great job of explaining the illegal behavior of Goldman Sachs while realizing that our financial system is so corrupt that they will never be brought down...because they are too big to fail and because they gave a boat load of money to Team Obama.

Goldman Sachs is doing it again.  Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse.  On August 16th, a 54 page report authored by Goldman strategist Alan Brazil was distributed to institutional clients.  The general public was not intended to see this report.  Fortunately, some folks over at the Wall Street Journal got their hands on a copy and they have filled us in on some of the details.  It turns out that Goldman Sachs secretly believes that an economic collapse is coming, and they have some very interesting ideas about how to make money in the turbulent financial environment that we will soon be entering.  In the report, Brazil says that the U.S. debt problem cannot be solved with more debt, that the European sovereign debt crisis is going to get even worse and that there are large numbers of financial institutions in Europe that are on the verge of collapse.  If this is what people at the highest levels of the financial world are talking about, perhaps we should all start paying attention.


Perhaps most startling of all is what the report has to say about the debt problems of the United States and Europe.


“Solving a debt problem with more debt has not solved the underlying problem. In the US, Treasury debt growth financed the US consumer but has not had enough of an impact on job growth. Can the US continue to depreciate the world’s base currency?”

This is so typical of Goldman Sachs.  They will say one thing publicly and then turn around and do the total opposite privately.

For example, prior to the financial crisis of 2008, Goldman Sachs was putting together mortgage-backed securities that they knew were garbage and marketing them to investors as AAA-rated investments.  On top of that, Goldman then often privately bet against those exact same securities.

NOW PAY ATTENTION TO HIS CLOSING COMMENTS;

You aren't going to hear the truth from the mainstream media or from our politicians because "keeping people calm" is much more of a priority to them than telling the truth is.

The debt crisis in the United States is unsustainable and the debt crisis in Europe is unsustainable.  Right now we are in the calm before the storm, and nobody knows exactly when the storm is going to strike.

But let there be no doubt - it is coming.

The amazing prosperity that we have enjoyed for the last several decades has largely been a debt-fueled illusion.  It was a great party while it lasted, but now it is coming to an end and the aftermath of the coming crash is going to be absolutely horrific.

Keep watch and get prepared.  We don't know exactly when the collapse is going to happen, but it is definitely on the way and now even Goldman Sachs is admitting that.

See it here; http://theeconomiccollapseblog.com/archives/even-goldman-sachs-secretly-believes-that-an-economic-collapse-is-coming

The writer above is not commenting as a follower of Jesus Christ.  His blog is written with a passion and purpose to warn people to prepare...and I'm guessing he is paid by all the advertisers of freeze dried food and water filters that advertise on his site which is used by folks who are digging bunkers and planning on surviving Armageddon.

As Holy Spirit filled people, we know we don't have to survive Armageddon because we won't be here for it with our earthly bodies.  We will have already been taken in the rapture of the Church and will already be with our Savior in our glorified bodies when Armageddon comes around.

But the above information is just one other piece of evidence that we live on a corrupt and Satanic planet and it is about to come apart.

Are we all excited to meet the King?  Are we using everyday that the Lord of the Harvest gives us?  Let's finish strong and plan on being salt and light to all those around us until the trumpet sounds.

Bible Believers Left Off 9/11 Program

Remember the National Cathedral in D.C. that was damaged by a bizarre earthquake a few weeks back?  Turns out they are going to have prayer and remembrance time on the 10th anniversary of 9/11.  But the evangelical followers of Jesus Christ will not be found on the program.

A weekend of religious-themed observances at Washington National Cathedral marking the tenth anniversary of the September 11 terrorist attacks will include a Buddhist nun and an Imam, but not an evangelical Christian, leading the head of the Southern Baptist Convention to ask President Obama to reconsider attending the event.

“A Call to Compassion” will include an interfaith prayer vigil on Sept. 11. It will feature the dean of the Cathedral, the Bishop of Washington, a rabbi, Buddhist nun and incarnate lama, a Hindu priest, the president of the Islamic Society of North America and a Muslim musician.

“It’s not surprising,” said Frank Page, president of the Southern Baptist Convention Executive Committee. “There is a tragic intolerance toward Protestants and particularly toward evangelicals and I wish the president would refuse to speak unless it was more representative.”

Richard Weinberg, the Cathedral’s director of communications, confirmed that Southern Baptists were not extended an invitation to participate.

“The goal was to have interfaith representation,” he told Fox News Radio. “The Cathedral itself is an Episcopal church and it stands to reason that our own clergy serve as Christian representatives.”

He said the Washington National Cathedral serves as the “spiritual home for the nation” and as such, he said that “diversity was first and foremost” a factor in the planning.

Read more: http://www.foxnews.com/us/2011/09/06/evangelicals-left-off-national-cathedral-11-program/#ixzz1XGNEaMiO


Friends...this is getting VERY serious when the director of the NATIONAL CATHEDRAL claims that it is the spiritual home of the nation and he has a Buddhist nun, Incarnate lama, a Hindu priest and an Muslim musician along with the President of the Islamic Society serving as representatives of our "spiritual home".


Prepare yourselves for more floods, earthquakes, financial calamities, civil unrest, famine and pestilence....because the God of Israel, Isaac and Jacob will not be mocked.


Hat tip to Tom F.

Mark of the Beast Technology

Check out this short video of the latest technology to be going mainstream.  This was on the front page of MSNBC today.  Also understand that when the Antichrist comes he will not MAKE people take the mark in order to buy and sell....people will be asking for it....just like they are in this video.

See here; http://www.msnbc.msn.com/id/21134540/vp/44405036#44405036

Is it just me....or is all this Last Days stuff like floods, quakes, currency problems, famines, disease, drought, Iran-Turkey-Russia coalition, and signs of the coming Antichrist, all coming like a flood?

The video has the heading, "Wearable circuits may change medicine and technology".  Do you think??

A United Nations Miracle

As we know, the United Nations is usually very anti-Israel.  So when the UN commissioned an investigation into who was at fault from last years flotilla incident in which 9 Turks were killed after they attacked Israeli commandos, we would expect an anti-Israel finding.

But a miracle happened.  The report faulted Turkey...and now Turkey is so mad that the truth came out that they have sent home Israel's ambassador and are in the process of cutting all ties with Israel.

A UNITED NATIONS MIRACLE is actually the title of the article in today's Wall Street Journal....so tiny Israel continues to be the center of the world's news.

Here's a story for the man-bites-dog folder: The United Nations has conducted another inquiry into an Israeli military operation—and produced a report that mainly vindicates the Jewish state. And here, alas, is a story for the dog-bites-man folder: The Turkish government has responded to the U.N. report by withdrawing its ambassador from Tel Aviv and expelling Israel's from Ankara.

The Palmer report—named for the inquiry's chairman, former New Zealand Prime Minister Geoffrey Palmer—was commissioned by the U.N.'s Secretary General to investigate the May 2010 "flotilla incident," when six ships sailing from Turkey to Gaza on an alleged humanitarian mission were boarded by Israeli commandos enforcing a naval blockade of Gaza. Nine passengers were killed (and several Israeli soldiers badly beaten) in the ensuing melee, sparking a crisis in Jerusalem's already frayed relations with Ankara.

Given the U.N.'s track record on Israel, one might have expected this latest report to be a reprise of Richard Goldstone's notorious report alleging Israeli war crimes during its 2009 war with Gaza (charges later retracted by Mr. Goldstone). Instead, the Palmer report offers a point-by-point rebuttal to some of the most preposterous accusations leveled against Israel.

All of this might have provoked a bit of soul-searching within the Turkish government, just as its once-warm embrace of Syria's Bashar Assad has. Instead, Prime Minister Recep Tayyip Erdogan has doubled down on his anti-Israel bets, insisting that Jerusalem apologize to Turkey, compensate the victims and lift its blockade of Gaza as the price for his forgiveness. The Palmer report is a fresh reminder—from the least likely of sources—of why Israel has no honorable choice but to spurn those demands. The Turks will learn in their own time that being Hamas's patron is a loser's game.

See it here; http://online.wsj.com/article/SB10001424053111904716604576546643185160996.html

As we speak the Turkish Navy has said they are going to start patrolling in the Eastern Mediterranean...and that they will not stand for any more "Israeli bullying".  Can you see a fight brewing?

Worst Fires Ever Raging in Texas

The scenes coming from Texas are unimaginable.  After the hottest summer EVER the conditions are ripe for everything to burn...and it seems that's exactly what is happening.

A massive Central Texas wildfire roared through ranchland and suburbs Monday, destroying nearly 500 homes - a state record for a single fire - as Gov. Rick Perry appealed for federal assistance to fight at least 63 blazes throughout the drought-dried state.

The pine forests of central and east Texas, the northern Panhandle and the southern Houston suburbs have been hit by scores of fires that have destroyed 1,091 homes and consumed 3.6 million acres, roughly the size of Connecticut, since the fire season began in November. As the fires worsened this weekend, a woman and her 18-month old died Sunday in a burning mobile home in Gregg County in eastern Texas.

But the fire was faster, racing across seven miles in 40 minutes and devouring everything in its path, including his 1970s Polynesian-themed subdivision, Tahitian Village
.
By the time Bonnette arrived, the blaze had leveled his $195,000 dream home on Manawianui Drive and was threatening his $67,000 rental home nearby.

"It almost feels like the whole state of Texas is on fire now," Bonnette said.

Read more: http://www.sacbee.com/2011/09/05/3886585/texas-wildfire-destroys-nearly.html#ixzz1XB0hXkp4

One more governor appealing to the broke Federal Government for assistance.  Who will assist the USA when we bankrupt ourselves giving out money to all the states for the "once in a lifetime" disasters that seem to be happening daily?

What do you think are the chances that our leaders will tear their clothes, cover themselves in ashes and sit in the dust while they repent before the Living God in hopes He will hear our prayers and heal our land?

Looming Multi-front War

Psalm 83 prophesies about a day coming when Israel will be involved in a multi-front war with many of its enemies.  The outcome will be an overwhelming victory for Israel.  It certainly appears that we are heading for that day as all the players mentioned in the Psalm are currently on Israel's borders and agitating for a fight.

Home Front Command warns of looming multi-front war

Noting an increase in the chance for a multi-front war, OC Home Front Command Maj.-Gen. Eyal Eisenberg revealed on Monday that Palestinian terror groups used a new and advanced rocket in their attacks against Israel during the recent round of fighting in the Gaza Strip.

“After the ‘Arab Spring’, we assess that a winter of radical Islam will arrive and as a result the possibility for a multi-front war has increased including the potential use of weapons of mass destruction,” Eisenberg said during a conference on the Home Front at the Institute for National Security Studies in Tel Aviv.

See it here;  http://www.jpost.com/Defense/Article.aspx?id=236789

Hat tip to Julie E.

European Union May Be in Final Stages

The European stock markets sank today while the US market was closed for holiday.  Why is it tanking?  Because their grand social experiment of a whole bunch of distant cousins sharing the same currency and the same interest rates is coming to an end...and it won't end with hand shakes and pats on the back.

On the Continent, August is usually reserved for long vacations in the sun. Instead, European leaders spent the month working on increasingly desperate attempts to save the euro in its current form. There's only one prospect more frightening than what would happen if they fail: what would happen if they succeed.

This is not hyperbole. The euro is an idea built on economic and political dishonesty, at the heart of which lies a flaw that the currency's architects never dared to address: Given that the euro zone's economies are so different, how could a single interest rate possibly apply to all of them? And how could these countries, having surrendered monetary policy, continue to control national public spending and therefore the size of their deficits and debts?

 Europe's politicians nevertheless thought they could have it both ways: a single currency among divergent economies, each with fiscal autonomy, allowing them all to borrow and spend to their hearts' content. No surprise then that the euro has turned into a bankruptcy machine. Once the markets had finished with Greece, Ireland and Portugal, they were bound to move on to Spain, Italy and—soon—France. The proximate causes for each of these crises may be different (excessive sovereign debt, over-leveraged banking sectors, property-market bubbles) but the root is exactly the same: the euro.

See it here; http://online.wsj.com/article/SB10001424053111904199404576538462312243874.html?mod=WSJ_markets_article_liveupdate

People ask me why this whole Euro thing won't last.  Think about it this way;  Would you share a checkbook and credit card with 12 of your first cousins?  What about if one of your cousins had a nasty habit of spending way more money than he should...but he seemed to not care because he knew you were responsible enough to pay for him.  How long would anyone stay in a system like that?  Of course the answer is that they will stay in that union until the money has to be paid back....and then the responsible party wants to be done.

Are We In the Downward Spiral Already?

As Jerusalem continues to be the topic of daily headlines, storms, fires, floods, quakes, drought and massive unrest all over the world...it makes one wonder if we are already in the downward spiral....meaning things will NEVER get better, only worse.

Of course long time readers of this blog have heard me talk much about our entire financial system being based on "confidence".  When the confidence in the world's paper currencies starts to collapse there will be things happening, as a result, that most of us could never imagine.

Today we have another statement coming from the IMF that warns us about a "crisis in confidence" that has suddenly sprung up over the summer.  Also remember that the IMF will be the organization that will be on scene to usher in the one-world-currency when the Antichrist calls for it.

IMF: global economy faces a 'threatening downward spiral'

The International Monetary Fund has called on the US and Europe to abandon fiscal austerity and switch to stimulus measures, warning that the global economy faces a "threatening downward spiral".

Christine Lagarde, the IMF's managing-director, said the outlook had darkened suddenly over the summer.

"There has been a clear crisis of confidence that has seriously aggravated the situation. Measures need to be taken to ensure that this vicious circle is broken," she said.

See it here; http://www.telegraph.co.uk/finance/financialcrisis/8740736/IMF-global-economy-faces-a-threatening-downward-spiral.html

As followers of Christ we need to be especially prayerful these days.  The forces of darkness have always been here but they have gathered in strength to prepare for Satan's last hoorah.  Satan can see the times...he can read his Bible and he understands that the bloom is on the fig tree which can mean only one thing...the end of the age is at hand.

Let's all ask the Lord of the Harvest what He wants each of us individually to be doing to strengthen the Kingdom.  Let's work while we have daylight...because darkness is drawing closer.

Even so...come Lord Jesus!

US Postal Service Nearing Default

Last month all the news was centering around whether the U.S. Government was going to default on some of it's debt.

Today the news is coming out the U.S Postal Service may be next on the default watch.

The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances.       

“Our situation is extremely serious,” the postmaster general, Patrick R. Donahoe, said in an interview. “If Congress doesn’t act, we will default.”
       
In recent weeks, Mr. Donahoe has been pushing a series of painful cost-cutting measures to erase the agency’s deficit, which will reach $9.2 billion this fiscal year. They include eliminating Saturday mail delivery, closing up to 3,700 postal locations and laying off 120,000 workers — nearly one-fifth of the agency’s work force — despite a no-layoffs clause in the unions’ contracts.

See it here;  http://www.nytimes.com/2011/09/05/business/in-internet-age-postal-service-struggles-to-stay-solvent-and-relevant.html

Did you catch that sentence about Congress needed to act immediately to stop the default?  What are they going to do?  Ask the Treasury to borrow some more money?  What options do they have left?

Record Rains

The disasters just keep coming as New Orleans gets pounded with up to 20 inches of rain while Vermont is still trying to bring back power after record rains....and now the reports are coming in from Japan that record rains are swamping parts of that country.

TOKYO (AP) — Rescuers in Japan dug through mud-caked debris and searched the banks of swollen rivers Monday for those missing in a powerful typhoon that left at least 25 people dead, the latest disaster for a country still recovering from a calamitous tsunami six months ago.

Typhoon Talas, which was later downgraded to a tropical storm, lashed coastal areas with destructive winds and record-setting rains over the weekend. In addition to the dead and missing, thousands more were stranded as the typhoon washed out bridges, railways and roads.

"We will do everything we can to rescue people and search for the missing," said new Prime Minister Yoshihiko Noda, who took office just one day before the typhoon hit and whose government is still struggling to deal with the tsunami recovery and the ensuing nuclear crisis.

The typhoon was believed to be the worst to hit Japan since 2004, when 98 people were killed or reported missing. It caused most of its damage on the Kii Peninsula, in central Japan southwest of Tokyo and hundreds of miles (kilometers) from the country's tsunami-ravaged northeastern coast.

Read it here;  http://www.google.com/hostednews/ap/article/ALeqM5juYrtbK0F3NUootOzFA5Tca-barA?docId=b061366ed29f43d29358880dbb8f51f2

Yes, It's a Ponzi Scheme

I have had many people ask about Social Security and those who are on it ask me the question, "After we have paid into the program all our lives, why is it fair if someone starts cutting our benefits now?"

Good question, but the simple answer is that if you pulled out your statements from what you paid in over all those years and quickly add up what you have been paid out, many will find that they have more than received the money they paid. And of course the big problem is that the program was designed to start pay outs at age 65 when the life expectancy was only 66.  Today people start at 62 and live past 80 years, so just common sense would tell us that as life expectancy increased...the time a person should have paid into the system should have also increased.

I found this article that does a pretty good job of explaining the problems of the current system...and this writer is also referring to the system as a Ponzi Scheme.

Texas governor Rick Perry is being criticized for calling Social Security a “Ponzi scheme.” Even Mitt Romney is reportedly preparing to attack him for holding such a radical view. But if anything, Perry was being too kind.

The original Ponzi scheme was the brainchild of Charles Ponzi. Starting in 1916, the poor but enterprising Italian immigrant convinced people to allow him to invest their money. However, Ponzi never actually made any investments. He simply took the money he was given by later investors and gave it to his early investors, providing those early investors with a handsome profit. He then used these satisfied early investors as advertisements to get more investors. Unfortunately, in order to keep paying previous investors, Ponzi had to continue finding more and more new investors. Eventually, he couldn’t expand the number of new investors fast enough, and the scheme collapsed. Ponzi was convicted of fraud and sent to prison.

Social Security, on the other hand, forces people to invest in it through a mandatory payroll tax. A small portion of that money is used to buy special-issue Treasury bonds that the government will eventually have to repay, but the vast majority of the money you pay in Social Security taxes is not invested in anything. Instead, the money you pay into the system is used to pay benefits to those “early investors” who are retired today. When you retire, you will have to rely on the next generation of workers behind you to pay the taxes that will finance your benefits.

As with Ponzi’s scheme, this turns out to be a very good deal for those who got in early.

See it here;  http://www.nationalreview.com/articles/275908/yes-it-ponzi-scheme-michael-tanner

So what do you think may be the outcome when the new investors (today's workers) finally get fed up with paying into a system that they know is hopelessly bankrupt and they realize they will probably never get the value back of what they paid in?  I'm guessing there could be a problem.  And then what happens to all the retirees who are dependent on Social Security to continue living their current lives?  I'm guessing there will be a problem.

Let's remember though, that Ronald Reagan commissioned a bipartisan committee almost 30 years ago and they came out then and said, "There is a problem coming and the system needs serious reform."  But the voters who were 35 and 40 at the time (now they are 65 and 70) chose to ignore the warnings and now they expect the younger generation to continue paying into the Ponzi system...even though the younger generation is having a difficult time finding jobs and feeding their own families...

So how long will they continue voting to keep paying for Grandpa and Grandma's benefits from Social Security....and we haven't even discussed the Medicare program which is also turning into a fiasco of epic proportions.

Tough choices coming.