The American Vision – The Ponzi Scheme
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By TLB Contributing Author & TLBTV Show Host: Bill Muckler
A Ponzi Scheme is a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors. Does this sound familiar? Remember how Bernie Madoff fleeced his investors out of more than fifty billion dollars and then was accused of operating the largest investment fraud of all time.
Bernie Madoff’s Ponzi Scheme was peanuts compared to the Ponzi Scheme scam Franklin Delano Roosevelt pulled off on “We the People.”
It all started when he signed the Social Security Act into law on August 14,1935. In addition to several provisions for general welfare, the new Act created a social insurance program designed to pay retired workers age 65, or older, a continuing income after retirement. This was the official beginning of transforming America into a socialist state.
This scheme was based on the first “chumps” being paid benefits from the FICA taxes collected from later “suckers.” A Ponzi Scheme which is now one of the most dysfunctional agencies in the federal government has an annual budget of more than $66 billion dollars paying out more than $100 billion dollars more than it brings in from its newer, younger “saps” who think this will last forever. Unfortunately, it won’t. It will be bankrupt in the blink of an eye.
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About our TLBTV Show Host and TLB Project Contributing Author … Author of ’20/20 A CLEAR VISION FOR AMERICA’
Bill Muckler is a long-time contributor is The Liberty Beacon Project and has appeared on numerous TLB radio and TV shows. He was born and raised in St. Louis, Missouri; graduated from Christian Brothers College High School (an Army Junior ROTC School) and received a B.A. from the University of Missouri-Columbia. While at Mizzou, he spent two years in Air Force ROTC.
Bill entered the USMC Officer Candidate Course in Quantico, VA upon graduation and was commissioned a Second Lieutenant; spent four and one-half years on active duty, and then eleven years as a Ready Reservist. He holds the permanent rank of Captain and held a Top Secret Security Clearance.
As an entrepreneur, Bill founded Muckler Typographic Corporation in St. Louis, MO. He was the owner and operator of that small business which provided typography services for Ad Agencies, Art Studios, Printers and Lithographers for ten years.
Bill has been a Work Process Management Consultant for 40 years and eventually an owner and director of his consultancy. His firm assessed business operations, conducted management and leadership training, and implemented process solutions as a problem solver in energy, mining, manufacturing, construction, fabrication, assembly, technology, food processing, health care and communications at more than 300 locations over the past 40 years.
Bill has three children: Angela, Christa and Christian; five grandchildren and one great granddaughter. He has lived in St. Louis, Columbia, Ferguson and St. Charles in Missouri. Kaneohe, Oahu, Hawaii. Panama City, Marco Island, St. Augustine and Cocoa, Florida. He has worked in, visited or travelled to 45 states, eleven countries and numerous islands in many seas.
“Where there is no vision, the people perish:” Proverbs 29:18
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