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Allen W Smith

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Member Since: Aug, 2006

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Books
· Ronald Reagan and the Great Social Security Heist

· The Looting of Social Security--Free E-book

· The $2.6 Trillion Social Security Theft!

· Thought Boosters: How to lift your spirits by enhancing your thoughts

· Andrew Rockefeller Ford, III

· The Impending Social Security Crisis: The Government's Big Dirty Secret

· THE LOOTING OF SOCIAL SECURITY: New Release

· Demystifying Economics The Book That Makes Economics Accessible to Everyone

· Social Security The Attempt To Kill It


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· Living vs. Business

· Be Yourself

· Happiness Is A Way Of Traveling--Not A Destination

· Let Mourning Stop When One's Grief Is Fully Expressed

· Let Mourning Stop When One's Grief Is Fully Expressed

· Other People May Be Watching And Imitating Us

· It Is Alright To Talk, But We Must Also Listen

· Don't Build Yourself Up By Tearing Others Down


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The Big Lie: How Our Government Hoodwinked the Public, Emptied the S.S. Tr
by Allen W Smith   


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Books by Allen W Smith     View all 10
· The Looting of Social Security--Free E-book
· The $2.6 Trillion Social Security Theft!
· THE LOOTING OF SOCIAL SECURITY: New Release


Category: 

Political Science

Publisher:  Ironwood Publications ISBN-10:  097708518X Type:  Non-Fiction
Pages: 

208

Copyright:  2009 ISBN-13:  9780977085187


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A survey of how 30 years of government economic malpractice led to the 2008 financial meltdown and to the $15 trillion national debt.

The great economic collapse of 2008 started with the implosion of the American banking system, and then spread, like wildfire, throughout the entire global economy. What caused this colossal catastrophe? Answering that question is the purpose of this book. The collapse was not a natural disaster. It was manmade, and it should never have been allowed to happen. Reckless deficit spending by the federal government caused the national debt to skyrocket from only $1 trillion in 1981 to more than $11 trillion in 2009. During that same period, the government has borrowed, embezzled, or stolen every dollar of the approximately $2.4 trillion of Social Security surplus revenue that was supposed to have been saved and invested to fund the retirement of the baby-boomer generation. Another factor that contributed to the collapse was the repeal of the Glass-Steagall Act of 1933, a primary pillar of FDR s New Deal legislation that was designed to prevent a repeat of the 1930s financial collapse. When President Clinton signed into law the bill that repealed the Glass-Steagall Act, on November 12, 1999, he opened the floodgates for mass mergers of companies in the financial industries. This action contributed to the massive mismanagement on Wall Street that ultimately led to the meltdown. Smith chronicles the events during the past 28 years that collectively made the collapse almost inevitable.





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Books by
Allen W Smith



The Looting of Social Security--Free E-book

Buy Options
Kindle, more..




The $2.6 Trillion Social Security Theft!

Buy Options
Kindle, more..




THE LOOTING OF SOCIAL SECURITY: New Release

Buy Options
Amazon, more..




Thought Boosters: How to lift your spirits by enhancing your thoughts

Buy Options
Kindle, more..




Demystifying Economics The Book That Makes Economics Accessible to Everyone

more..




Andrew Rockefeller Ford, III

Buy Options
Kindle, more..




The Big Lie: How Our Government Hoodwinked the Public, Emptied the S.S. Tr

Buy Options
Amazon, more..



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