by The Real American

Created on: March 07, 2010

The question, which hangs over Social Security's continued funding, is an easy one to answer. In the short term, Yes and over the long term, No! The reality is that, even before our ongoing Economic Crisis, Social Security was only 10 years out from going into red ink territory at a socially alarming rate. However, now, in a day and age when our government is already hemorrhaging massively - due to: devil may care budgeting, runaway spending, and rapidly decreased taxing revenues – our currency is already being deflated at a very fast pace to merely stay afloat!

The consequential effects of this [already ongoing] currency devaluation will soon begin, being felt, here at home.  While the American electorate enjoyed its sound sleep, our nation has undergone some very important societal changes, among these: the quiet departure of much of our American Industry, the elimination of any backing for our currencies, the rapid expansion of our domestic monetary supply, and the accumulation of 60 trillion dollars of obligatory debts.

Without a solid industrial base, in order to domestically manufacture our own goods, America is highly dependent upon other nations to supply those necessities. In exchange for these goods, they expect a reasonable payment of an equal amount of stable U.S. Dollars. If the currency were to go down significantly in value over time, they would essentially be giving their products away at fire sale prices! Thus, as their confidence in us swiftly erodes no one will long take our money.

By floating our currency on the open markets, without any substantial backing at all, our currency has become a fluid commodity. Thus subject to “Supply and Demand,” its value is based upon the amount of supply relative to its demand as a promissory note, or stabilization marker. Consequently, the more of it we invariably print over time, and the amount of time called being into question, dictates the relative value of its worth!

The Federal Reserve printed 2 trillion, at the behest of President Bush to prop up our banking institutions prior to leaving office. Meanwhile President Barak Obama ran on the platform of printing between 5 and 7 trillion more to stabilize our already disrupted economy. The starting point was only 11 trillion dollars of existing currency. Thus adding 9 trillion more substantially dilutes the ongoing value of this pool of money!

This forces other nations to either: artificially prop up our currency through certain

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