SOCIAL SECURITY
Saving Grace
Part 1  l  Part 2  l  Part 3  l  Part 4  l  Part 5
by Douglas V. Gnazzo
July 4, 2005


Freedom’s Just Another Word For
Nothing Left To Loose

“If ye love wealth better than liberty, the tranquility of servitude
better than the animating contest of freedom, go home from us in peace.
We ask not your counsels or arms. Crouch down and lick the hands which feed you.
May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”
[Samuel Adams 1776]


Introduction

In this part six of the social security series, the second part of Roosevelt’s New Deal will be covered. This will include discussion of the programs that made up the second part of his overall master plan, the setting in which they occurred, and the socialistic ideology behind them. 

As the story proceeds to unfold, the germ seed that brought forth the New Deal, will be exposed further and further, giving a clearer picture, of not only what occurred then, but how those past acts and events are presently affecting today’s financial, economical, political, and social systems; and the current state and quality of life in our country, as well.

I ask the reader to please remember that the intended purpose of these articles is to simply offer a story not often told, about subjects not often discussed. The views presented may indeed be correct, or they may be incorrect, I leave it for the reader to perform due diligence and to decide for themselves what is of merit, and what is not.

And lastly, do remember that we live in the greatest country on earth, with the greatest overall system of government on earth, but that does not preclude that there may or may not be a lot of issues and concerns that could be made better.

Just as an Olympic champion strives to improve, so should we as a nation, as well as individually. The following is offered in that same spirit. It is only a few very elite individuals or entities that are actually responsible for the structural problems often alluded to.

Take a stone and throw it into a pond. Notice how the energy is dispersed: from a central point where the stone lands, concentric circles of energy emanate out from the center. The further out from the center, the less is known of the center. It is possible for many to be part of such dispersals of energy without ever knowing it, due to the fact that one is so far removed from the center. Nonetheless, the center is the point of initiation that starts all movement. Cui Bono? Follow the money. Get to the center core.

The New New Deal

After the defeat and setbacks by the Supreme Court regarding Roosevelt’s now invalid National Industrial Relief Act, early in 1935, Roosevelt proposed several new programs in an attempt to strengthen up what was now a greatly weakened New Deal then he had originally envisioned. This was a revised form of the New Deal, an attempt at Saving Grace.

First came the National Labor Relations Act, also known as the Wagner Act. Next were relief programs, the most important being the Works Progress Administration (WPA), which created hundreds of thousands of jobs for the unemployed.

The most prominent new program proposed, and arguably the most important of the entire New Deal, however, was the Social Security Act, which established a system of old-age pensions, unemployment insurance, and welfare benefits. These programs provided the original infrastructure for what came to be known, and is today – the United States welfare system.

Roosevelt was very disappointed by the defeat of what he had considered his crowning glory, the National Industrial Relief Act, at the hands of the Supreme Court, so he decided that the court needed some rearranging as well.

Changing Seats On The Bench

Early in 1937, he submitted a request to Congress to expand the number of justices on the Supreme Court. He did this so he would be able to appoint judges that were in agreement with his socialistic ideology. But his plan raised a lot of opposition and political heat.

His one triumph, however, was Justice Owen Roberts, who switched positions and began voting to uphold New Deal proposals. This complete turn around by Justice Roberts was referred to as the "switch in time that saved nine."

The entire effort by Roosevelt was called by just what it was: a "court packing plan." Later that year Congress rejected it. The Judicial Committee of the Senate denounced the bill as an

"utterly dangerous abandonment of constitutional principle," which "would subjugate the courts to the will of Congress and the President."

"It is a measure which should be so emphatically rejected," reported the Committee to the Senate, "that its parallel never again will be presented to the free representatives of the free people of America."

But Roosevelt did not give up easily, or without a fight. A new plan was called for, something that would achieve the same goals as the “court packing plan”, which meant that whatever his brain trust came up with, it would have to be a very powerful proposal. They did not disappoint.

The administration came out with a plan to reorganize the executive branch, giving Roosevelt increased powers and control over the entire government bureaucracy. The reorganization of the executive branch of government failed in Congress, as once again there was a great deal of political opposition from those who feared a "Roosevelt dictatorship".

The attempt at Saving Grace failed, although many of the other programs stayed intact, social security being one of them; and the chains with which they bound our freedoms are still shackled about the necks of the people, keeping them in line and under control, to fulfill their role of debt servitor.

Social Security Revisited

So now we know from whence came social security, at least the basic ideology behind it, the setting in which it was cast and molded. The setting was one of despair, of depression – times were hard, real hard. People were out of work, people were starving, people were at the end of their rope, looking for any kind of helping hand. People were suffering.

Unemployed Men Waiting In Line – For Anything

When people are this desperate, they will naturally reach out to whomever reaches out to them, it is only natural, it is only humanity showing its will to survive.

But it is at times such as this, when the people are knocked down and off their feet, when their sense of pride ebbs low, that those in control are in the position to more easily pass programs and policies that in other, better times, the people would not consider or accept.

At times as existed during the depression, people will readily accept the unacceptable, as the unacceptable may taste like wormwood, but at least it is something to eat, something to keep them from dying.

It is during such trials and tribulations of human suffering that people will choose the lesser of two evils. It is only the natural will for survival. It is a shame and travesty, that some use it for their own selfish advantage. But the price they pay will be heavy, when weighed in the balance. And it will – be.

And so it was with Social Security – or was it? Is this the whole truth, and nothing but the truth – or could there actually be even more to the story?

By The Fruit They Bare

We have seen that the social security system was one of the main programs of Roosevelt’s New Deal administration, which was attempting to usher in a New Era, much as today we have the New World Order, and the elite collectivists trying to usher it in.

It seems they always want something “new”, as they never get it right, so they keep using “new” as some kind of saving grace or holy grail. The new and improved syndrome. Costs less and is better, yeah right.

We have seen that most of the programs of the New Deal were very socialistic in their ideology, always in favor of more government, more bureaucracy, more catering to special interest groups, more control by the State over the economy, and the people that make up the economy, the general public, the citizenry.

Socialism favors the State over the Individual

Our Constitution favors the rights of the Individual over the rights of the State

Unfortunately, the apple did not fall far from the tree. What was the precipitating event that called for the start of the whole New Deal ideology? It was the national emergency. What national emergency? The one where the banksters had screwed up once again. The one where the banks were going bankrupt.

Raiding The Cookie Jar

They had gone into the cookie jar one too many times, and now they couldn’t get their grubby little hand out, without some help from – We The People. But they didn’t ask for too much help. All they wanted was:

All of We The People’s Gold

I mean that was a reasonable request, wasn’t it? You don’t think so. Then tell your Congressman. Tell your representative. Tell somebody – anybody. But tell. Stand up for your rights. Stand up and be counted. And vote accordingly.

Ask Chairman Greenspan, he knows the Truth, it’s just a question of whether he feels like revealing it, as he once did, before he became distinguished, and was bequeathed the honorable title of Sir, for services rendered to the Crown. The Crown, what’s the Crown got to do with it? Plenty. As Sir Alan once stated, in one of his more lucid moments:

“This is the shabby secret of the welfare statists' tirades against Gold. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism towards the Gold Standard." [Alan Greenspan - Gold and Economic Freedom 1966]

He does pin the tail squarely on the donkey, that I respectfully acknowledge, especially when one considers how the poor man is partially blind, and can not recognize a bubble, even when it is sitting on the tip of his most prominent prominence. I wonder if his early skill in the art of pinning the tail on the jackass, has been carefully honed over the years, or if he may have switched over to blind man’s bluff?

The Key Issue

This is the key issue that defines the entire New Deal. This is what explains everything, remember it well.

The banksters had bankrupted our monetary system. Without confiscating the people’s gold, the entire banking system would have collapsed, and the rest of the house of cards would have fallen like dominoes. This is why they confiscated our gold.

Because they were in deep, very deep, too deep –

Up to their scrawny little necks in it – soon to be over their heads.

So the first thing they did was to declare an emergency, then they confiscated all the gold, then they re-opened their fractional reserve banks, then they issued make believe insurance for their make believe money, then they issued one socialistic program after another, one ruled by the Supreme Court to be blatantly unconstitutional.

But the coup de grace was Social Security and Income Tax

The Reincarnation of Scylla and Charbydis – 

An abomination that walketh the earth

policeguard.jpg (249492 bytes)
Police stand guard outside the entrance to New York's closed
World Exchange Bank, March 20, 1931. Not only did bank failures wipe out people's savings,
they also undermined the ideology of thrift.

Why Do You Say That

Well, let’s see. Where do we start. Let’s start at the beginning – the very beginning. Let’s go back to our birth. What do they give our parents as a reward for bringing us into the world? They give them a birth certificate. 

How nice, a memento to remember the occasion by – or is it something else? Why in the world do we need a birth certificate? I mean, if we don’t have a birth certificate, does that mean we don’t exist? Were there always birth certificates in our country?

Ask your Congressman, see if he knows. If he doesn’t, maybe he shouldn’t be a Congressman, or at least educate him as to what the hell has gone on, and is going on. I’ll bet you Congressman Ron Paul knows.

So what happens right after we get a birth certificate? Well, now that we are certified, you know like cattle, or chattel, as in collateral, we are issued our own special certification number – our very own

 Social Security Number of Certification

Social Security Card

Sounds kind of harsh and cold, doesn’t it? That’s because it is – harsh, and cold, and a few other expletives we will refrain from mentioning, but the most important thing is – it is never told to us, it is kept hidden from the light of day – kept hidden from our sight. Kind of like non-disclosure.

What you don’t know about, well – you don’t know about. It’s hard to make a fuss about something you don’t know exists. That’s the beauty of non-disclosure as seen from one view. From another view, it’s downright ugly, as most abominations are. Beauty is in the eye of the beholder, especially if he is doing the holding.

What All The Fuss About

So what’s the big deal? So they gave us a birth certificate and a social security number. So what. Go get a beer and cool off – right? Well, unfortunately there is a wee bit more to the tale.

When they issue a social security number to anyone, they also use the social security number to issue a bond. That’s right, a bond. You know, those funny little things called i.o.u.’s – obligations – debt.

Your social security is your registration number. It represents the legal entity of you, the financial entity of you, as now you are a certified member of the corporation of the United States.

This is not the same as the physical you, it is your legal and financial identification in, for, and by the commercial corporation of the United States.

As a certified member of the corporation, you are now subject to, and under the jurisdiction of, the United States Code, and the Uniform Commercial Code, the statutes of the corporation – the rules of the corporation. The rules we have signed and thereby agreed to abide by.

I don’t remember signing anything like that, you may be thinking. When did I sign that affidavit? Any time you sign your name to anything to do with money, finance, debt, licenses, social security, etc. Anything and everything to do with the corporation.

Cattle, Chattel, and Collateral

The new legal and financial entity of you, as identified by your social security number, is now used as collateral to issue a bond.

That’s right – a bond is issued “against” your social security number. What do you mean “against” ?

Well, now that you are a legitimate and certified member of the financial corporation of the United States, you are considered to be a potential future tax payer, and hence a potential source of revenue.

The solution to the banksters problems of insolvency and bankruptcy, was to collateralize and use the people for credit. How?

By registering them, via the social security number, in international commerce; and then by selling bonds secured by them. The people become the surety on the bonds, the "pledge".

By doing this, the banksters put your potential revenue stream to immediate use, because the banksters didn’t, and don’t, want to wait for the payoff in the future, when then can have it now. Why?

Well, for one, if they get it now, due to the lovely workings of fractional reserve lending, they get to lend even more, so they get even more interest coming in. Wonderful system – isn’t it?

Hogwash you say, and I agree – hogwash it is, in deed. See Public Law 88-244 in which the United States subscribed to international law.

See the definition of "goods" under the Uniform Commercial Code; Section 2-105(1) and 9-105(1) in which animals, i.e. humans and their unborn offspring are "goods" sellable in commerce. Check it out, read it. Empower yourself. Knowledge is power if used correctly – in accordance with The Law.

While your at it, look up the United States Code, 18 at 411. Read about the bonds that are held at the United States Depository Trust Company, which houses much more than meets the eye.

And if you’re really a glutton for punishment, look up the Uniform Commercial Code at Sec. 42 and read about the "accommodation party", and your "name", which to them is synonymous with credit. Just to give you an idea of how far we have progressed or come, here is part of the UCC, and if you think Sir Alan speaks in tongues, you’re in for a real treat:

Sec. 42a-3-419. Instruments signed for accommodation. 

(a) If an instrument is issued for value given for the benefit of a party to the instrument ("accommodated party") and another party to the instrument ("accommodation party") signs the instrument for the purpose of incurring liability on the instrument without being a direct beneficiary of the value given for the instrument, the instrument is signed by the accommodation party "for accommodation".

(b) An accommodation party may sign the instrument as maker, drawer, acceptor, or endorser and, subject to subsection (d), is obliged to pay the instrument in the capacity in which the accommodation party signs. The obligation of an accommodation party may be enforced notwithstanding any statute of frauds and whether or not the accommodation party receives consideration for the accommodation.

(c) A person signing an instrument is presumed to be an accommodation party and there is notice that the instrument is signed for accommodation if the signature is an anomalous endorsement or is accompanied by words indicating that the signer is acting as surety or guarantor with respect to the obligation of another party to the instrument. Except as provided in section 42a-3-605, the obligation of an accommodation party to pay the instrument is not affected by the fact that the person enforcing the obligation had notice when the instrument was taken by that person that the accommodation party signed the instrument for accommodation.

(d) If the signature of a party to an instrument is accompanied by words indicating unambiguously that the party is guaranteeing collection rather than payment of the obligation of another party to the instrument, the signer is obliged to pay the amount due on the instrument to a person entitled to enforce the instrument only if (i) execution of judgment against the other party has been returned unsatisfied, (ii) the other party is insolvent or in an insolvency proceeding, (iii) the other party cannot be served with process, or (iv) it is otherwise apparent that payment cannot be obtained from the other party.

(e) An accommodation party who pays the instrument is entitled to reimbursement from the accommodated party and is entitled to enforce the instrument against the accommodated party. An accommodated party who pays the instrument has no right of recourse against, and is not entitled to contribution from, an accommodation party.” [Sec. 42a-3-419 Uniform Commercial Code]

 

I wonder who explained Sec. 42a-3-419. of the US Code to this poor woman

Cool isn’t it? It’s like having a foreign language within our own language, kind of like double-speak, two for the price of – everything. So what the hell are they talking about?

They are talking about you, me, and them – and what they say we’ve agreed to, or contracted with them for, even if we don’t know that we have or did. I say maybe, maybe not. Very murky waters. Very hard to see in. Not a whole lot of light filtering through to fully disclose what is occurring.

That’s one thing you can count on the reckoning for – full disclosure. Some believe such will occur much earlier then the end – I agree, as a chain is only as strong as its weakest link.

When the storm comes, rats will be seen fighting and scurrying over one another to abandon ship, to save themselves. The hell with the captain and others. No honor amongst thieves you know, they best not forget, cause the time is fast approaching.

But the rude awakening and big lesson they are going to learn – is the difference between contracts and covenants.

It is all part of the reckoning, have no doubt about it. Contracts cover a period of time as measured by life, occasionally in perpetuity. Covenants are beyond time, time being the illusion that it is – it isn’t.

It only appears – to be. Then in, and subject to itself – it disappears, and is no more, as it was not, and has yet to come, round about.

The point becomes the circle. The circle is the point. The circle knows not that it is the point. But this too shall come to pass.

And the lesson will be learned – by all. That’s why we are here – in this the university or universe. This is where one comes – to learn. And learn we will.

The Going Price

How much do they think we are worth? Well, supposedly the bond that is issued is for a million dollars. Almost sounds like a ponzi scheme? And unfortunately, it gets worse. But – that just goes to show how: 

Great a Country we truly are – How strong a People we truly are

No other country could withstand the rape, pillage, and plunder, the international bankers have fostered upon us, and survived as we have, to the extent that we have.

Remember – they make their living by the product of our labor

We sustain them – they do not sustain us

We sustain ourselves, by the sweat of our brow, by the blood we are willing to give for truth, and by the tears we shed from our hearts filled with sympathy for our fellow man – such is true sustenance.

Store up the treasures of the heart, they can not be taken away, only treasures of the world can be taken away, and destroyed by another. Only we can give up the treasures of our heart. Do not give them up.

The elite collectivists think they have fooled us and the world, these self deceived souls who desire to rule the world. But they haven’t fooled anyone except themselves, by the delusion of self-deceit.

He who plays them, plays them for what they are, and shall be, until they are no more, no longer under the spell of delusion, the slave of greed, their unforgiving master.

And So

...it always has been – and always will be, until it isn’t. Such is the nature of the beast. But when the perfect comes, the imperfect shall cease to be. It is why we are here. This too shall come to pass. And so a word to the foolish, as the wise already know:

The delusion must stop now, the time has come, this is not the game they think

They are very close to the edge – of the abyss – to the point of no return

And so has it been written – and so has it been recorded

Let those that can listen – let those who listen hear

And accordingly shall all be reckoned

Each to his own as has been

And Is and yet to be

So shall It

Be

Saving Grace

Saving grace is not something that can be wrought from iron or steel, nor had by books of learning, nor can it be written by the laws of man, nor created by his machines of power. Saving grace is wrought in the forges of our souls, fed by the good works and deeds we do, tempered by life’s trials and tribulations, as we learn to help others, and in so doing, to help ourselves, to know our self, and that Thou Art That.

Needless to say, Roosevelt’s second New Deal did not afford any saving grace. As a matter of fact, it made things worse both then, and now. Remember, the bankers had screwed things up so bad, they had to resort to confiscating the currency of the Constitution – silver and gold coin.

I guess that would qualify as debauchery of the currency. Occasionally Mr. Keynes did get some things right, unfortunately this is one of the times he spoke the truth:

“There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." [John Maynard Keynes - The Economic Consequences of the Peace – 1919]

It is such a shame and waste, that men as intelligent and capable as Greenspan and Keynes, chose to take the fork in the path they did, as they both knew what they were doing, but they actually deluded themselves into thinking that they could outsmart and beat the game.

They did not realize that “we” are the game, and if you beat the game – you beat yourself. If you save the game – you save yourself. Saving Grace some call it.

During the 1930s Many Camps
Sprang Up Across The Land

The Facts

What did Roosevelt’s New Deal accomplish? Well, despite the huge amounts of government intervention into the markets and economy, the economy failed to respond to all that was thrown at it. It did not regain its past strength until the dogs of World War II were unleashed.

Dow Jones Industrial Average

 [chart courtesy of sharefin@sharelynx.com]

The decade ended with the country almost in as bad of economic shape as it had been at the beginning of Roosevelt’s election.

There was still great suffering and hardship throughout the land.

Business investment had come to a screeching halt. It was no more.

All of the new taxes, regulations, welfare payments, minimum-wage laws, subsidies, and other programs couldn’t put Humpty Dumpty back together again. 

All the Kings army and all the Kings men, had no effect as the chart above clearly show.

In fact, Roosevelt’s programs had the opposite affect from what was originally intended, as they ended up generating an anti-business climate that drove private investment away, at a time when it was needed the most.


[chart courtesy of sharefin@sharelynx.com]

  • Total private investment for the decade was a negative $3.1 billion.

  • Unemployment reached 18.8% by the end of 1938.

  • It did not decline until the advent of World War II.

  • The Dow Jones Industrial Average ended the year 1939 at 149.99.

  • This was 50% off its September 1929 high.

  • Note in the chart above, which shows who the true culprit always is –  Mr. Debt. 

Jim Powell writing in the Cato Policy Report, highlights the differences between FDR’s handling of an economic depression and his predecessor, Warren Harding:

“The Great Depression wasn’t written in the stars. After all, the severe depression of 1920 was over in about a year. The president then was Warren G. Harding, who succeeded where FDR failed. Harding cut back federal spending, cut taxes, and went back to his card game.

Harding’s slogan ‘less government in business’ turned out to have been a vastly better guide than FDR’s disastrous ‘New Deal.;

Everybody, especially the poorest among us, is better served when private property is secure, the currency is stable, markets are open, people are free to make their own bargains, government burdens are lifted, and it’s safe to invest for the future.”

It Is They

Remember the point about war, and that the economy and “things” didn’t get better until the war. This point contains the seed of the story of – “the plan”, the plan that came before the New Deal, that contained the New Deal, and the New World Order. It will be fully revealed by the end of the series.

Who do we borrow money from, and thus are indebted to? Yes, that’s right – our friendly banker who always has a smile on his face. But in truth, our neighborhood banker is probably a very honest guy; and he probably doesn’t even know how the system actually works. Like most, he goes to work, does what he is told, to provide a living for his family, and that’s that – unfortunately.

It is the international banksters who created central banking, and fractional reserve lending of that which they do not have, of paper fiat wedded to the public debt.

It is they whose souls carry the burden of the weight of responsibility, for the birth of the despicable creatures that feed upon the labors of others.

It is they who will be weighed in the balance, and found to be wanting, their heavy load tipping the scales of justice when the reckoning is measured out.

It is they who have conned the people into believing that debt is the answer, and that they should live a life of indentured servitude to their masters, both legal and financial.

It is they who use the dishonest ruse as a system of wealth transference, to enrich themselves, by taking advantage of the people, as Lord Keynes aptly stated above, and as his title neatly sums up.

Tis an expensive title, when the price exacted is the cost of one’s soul. A heavy toll of baggage, these titles of nobility: Sirs, Lords, and Sires, that easily become mired, and more easily forsaken, tossed upon the heap, to feed the fire that knows no sleep.

And what of those so hired, who fill the roles of play, the game whose name goes unspoken, for the fear of that which is token. Have no fear, one player boldly spoke, as the only thing to fear, is fear itself.

Except for the ushers of the New World Order, whose shadow is cast long upon the floor, the souls from out of that shadow, shall be lifted – Quoth the Raven, "Nevermore." [Edgar Allen Poe]

As Long

And as I have written before in Silver IS Money, there is nothing wrong with honest debt, that comes from honest borrowing or credit, which is derived from the savings pool of an honest money system. Such is a good thing.

It is the lending of money which is debt, and is backed by nothing but more debt, and promises to pay, which uses fractional reserve lending policies, that is what is bad, an abomination that walketh the earth in darkness.

Its name is greed – the lust for wealth above all else

The words of Senator Long, speaking before the House, regarding Roosevelt’s New Deal initiatives of closing the banks, of confiscating the people’s gold, of the actual Federal Reserve System that predated the New Deal, of the actual behavior of certain members of Congress and the Senate in regards to the workings of our government in the functioning, or perhaps more aptly expressed – dysfunction, of our financial system, are words of truth that rarely get spoken, as rare is the individual so spoken:

Senator Long

I am sorry to say--some of our own councils; there is not any difference; the same men who sat and conferred about the kind of financial policy that was going to govern this country--Mr. Parker Gilbert, of J. P. Morgan & Co.; Eugene Meyer, the chairman of the Federal Reserve, and Mr. Ogden L. Mills, together with the distinguished Senator from Virginia [Mr. Glass]--have every one had their finger in the pie during the last 20 years.

There has not been any difference in what they advocated then and what they are advocating now, and they are doing now just what they have done for the last 12 years....Here in the United States the Federal Reserve System has been dominated and controlled, and the financial structure of America has been dominated, controlled, and negotiated through a certain little clique, and it has brought this country to wreck and to ruin; and now we have the same set here giving us orders to close 90 percent of the banks in the United States and open 10 percent, and we are still following that kind of prophet....

Had I been the President of the United States--and I guess it is a good thing that I never was--I never would have sent for Eugene Meyer, the chairman of the Federal Reserve Board. He has been here, the carcass hovering over the lives and fortunes of these people, for many, many years. He has been the raven that has said to the American people. "Nevermore!

Food could not be had for the people, but it can be had for the financial barons. The land had become barren of a means of exchange to live upon, and when they had killed their neighbors, and their brothers, and starved their children to death, broke their banks, depopulated their houses, wrecked their firesides, then they came and said, "Oh, yes, inflation is necessary, not to save the people of the United States, but to save us, who have been guilty of the destruction from which this country is now suffering."

That is the equity of what we are about to do. Yes; you are going to close us down. Yes; you have already closed us down, and have been doing it long before this year. Our President says that for 3 years we have been on the way to bankruptcy. We have been on the way to bankruptcy longer than 3 years.

We have been on the way to bankruptcy ever since we began to allow the financial mastery of this country gradually to get into the hands of a little clique that has held it right up until they would send us to the grave.

In 1 month we have been told that there could be no medium of exchange allowed under the United States Government, because, they said, if we inflate, it will destroy the credit of the United States Government. But today, when they have closed down all the banks, they come back and say, "No; it will not ruin the credit of the United States Government to inflate, but you must inflate for the financial masters and not for the people."

They have come back, Mr. President, and they have said, "We have decided to inflate." Abel and Cain have become the same the man. Ephraim is joined to his idols; let him alone. They have come back and said. "We have to inflate, but we are going to inflate and keep open the big masters who have wrecked and destroyed the communities and the banks and have ruined the hopes for the present time of the people of the United States living in the country.

We are going to save the big masters, who have compelled it, and condemn to an eternal damnation, to hell and destruction every man who was outside this clique that brought this wreckage onto the people of the United States."

You cannot blame the consequences upon anybody except yourselves, because you have come back and said, "Oh, what you have prescribed is necessary for the life of the country, but we are not going to let any part of the country have it except a few financial masters that we have seen fit to prefer."

Mr. President, I am sorry for the vote I cast on Thursday night. I voted for the bill. I did not have an opportunity to read it at all, except while the clerk was reading it at the desk....I am sorry for that vote. I wonder if I could get unanimous consent to withdraw my vote and have it entered "nay"?

I do not know what the rule is, but if I could do that, I would like to have it done....But I am very `sorry for the vote I cast. I promise the Senate I will never again be a party to anything like that. Never again will I be a party to bringing a bill in and swallowing it hook, line, and sinker as I did that day.

 I want to compliment the Senators who did not vote for the bill. They showed more sense than I did. If I ever do such a thing again, I want to be bored for the hollow horn....But it seems I have hoped in vain, and therefore the basis on which I cast my vote was a faulty one and I regret having voted that way.” [March 11, 1933]

Senator Long summed in up quite neatly, as have other members of the Senate and Congress. We will visit some of them in the next part of the series on Social Security. I thank the reader for their time and patience, as the story is quite long, the plot a bit complex, that is how they intended it to be, to make it harder to decipher, but decipher it we will. One just needs to stay the course, “straight on till morning”, as Peter replied to the pixie.

More Than Meets The Eye

It has become evident that there was much more to Social Security then first meets the eye. Even after looking at the whole New Deal, of which Social Security was but one program, there are still more denizens lurking in the shadows, waiting to be found out.

Now it can be clearly seen, as to why on all those charts we looked at, that the year 1933 kept screaming out “look at me, look at me.” 

The year 1933 represented a major financial change in our country – a New Era had indeed been entered – the era of bigger government, more intrusive government, more laws and regulations, and especially more government debt.

The changing of our finances to such a vast degree, has had huge effects throughout all aspects of the society, not just monetarily or economically, but psychologically, socially, behaviorally, educationally, etc. Nothing does remain untouched by such broad sweeping changes of the government power structure. As has been said before:

“The more corrupt the state, the more numerous the laws.”
[Tacitus]

Part VII to be forthcoming.


© 2005 Douglas V. Gnazzo

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