Great Depression of 2016

[rufus]

Rosa, the 1950's were a different era. We actually made and sold things then. There were still people with capital. Now everything is borrowed money, mostly coming from the middle east and Asia.

We need to rebuild our capital base. We need to move from the income tax back to tariffs to fund our government. It would be a lot fairer. If someone wants to buy a fancy foreign car, let them pay a little more for it.

And it might just put some of our own people to work.

 

[rebelcowboysnb]

The government has became bipolar. It has became a two party system were nether side contributes anything productive, but would rather reshape the country and the world to their own needs while calling out anyone that doesn't see their way as a heretic. Both sides running for office forget other countries look up to us or used to, and a lot are dependent.
What they believe in will affect everyone in the world not just the people that voted for them

Actually I think it is the other way around. We use to have a 2 party system that butted heads an never got anything done. The founders knew people would get to Washington thinking they need to do stuff. The butting heads kept that in check. Now we have a fake 2 party system where both parties scratch each others backs behind closed doors an get almost everything they want every year. Now we have so many laws no one can keep up an you probably break 10 before you get your first cup of coffee in the morning..


I love seeing the government not get anything done.. Its a good day when the government butts heads an failed to find a new way to intrude in to my life.


I think we need a amendment to the Constitution to make it where the total amount of laws can not be more than the average person can memorize.

 

[frenchblackcopper]

I listen to a lot of talk shows on the radio each day. Granted there are many biased opinions.But today another economist from NYU said if no debt ceiling limit is set,this country is headed down a fiscal collapse the likes of the entire world has never seen before.And he said it will be very fast when it starts with little warning.This in turn will cause a major depression in Europe which will be hardest hit,then China,and last, the Soviet Union being least affected by our fiscal collapse. The US Bank bailout has now cost us taxpayers a littler over 10 trillion dollars.The major banks are all controlled and owned by 5 families in the USA. We in effect helped them stay rich and powerful,,instead of letting them fall on their faces because of greed and poor loans. Happens to small businesses all day long,every week of the year,,yet taxpayers don't bail everyone of them out.
But this story really stood out to me,,during FDR's funeral procession,a reporter noticed a gentleman crying as the funeral procession passed in front of them both. Out of curiosity the reporter asked the gentlemen if he personally knew FDR? The gentlemen looked up at the reporter,wiped his eyes and responded "No,,but he knew me" ie,,the politicians in Washington has lost touch with the American People.They all have their own little agendas,pork barrel projects to satisfy those big coorperations that donated so heavily to their election coffers.I really feel sorry for anyone new wanting to be elected to a public office on the platform or pre-tense they will cut out unnecessary spending, Everything the past 3 decades of Govt has done is now coming back to bite us all.It all needs to be overhauled.From the stupid laws that has been created,to allowing companies that makes billions of dollars,,not pay one thin dime worth of taxes!!

 

[hemet dennis]

I listen to a lot of talk shows on the radio each day. Granted there are many biased opinions.But today another economist from NYU said if no debt ceiling limit is set,this country is headed down a fiscal collapse the likes of the entire world has never seen before.And he said it will be very fast when it starts with little warning.This in turn will cause a major depression in Europe which will be hardest hit,then China,and last, the Soviet Union being least affected by our fiscal collapse. The US Bank bailout has now cost us taxpayers a littler over 10 trillion dollars.The major banks are all controlled and owned by 5 families in the USA. We in effect helped them stay rich and powerful,,instead of letting them fall on their faces because of greed and poor loans. Happens to small businesses all day long,every week of the year,,yet taxpayers don't bail everyone of them out.
But this story really stood out to me,,during FDR's funeral procession,a reporter noticed a gentleman crying as the funeral procession passed in front of them both. Out of curiosity the reporter asked the gentlemen if he personally knew FDR? The gentlemen looked up at the reporter,wiped his eyes and responded "No,,but he knew me" ie,,the politicians in Washington has lost touch with the American People.They all have their own little agendas,pork barrel projects to satisfy those big coorperations that donated so heavily to their election coffers.I really feel sorry for anyone new wanting to be elected to a public office on the platform or pre-tense they will cut out unnecessary spending, Everything the past 3 decades of Govt has done is now coming back to bite us all.It all needs to be overhauled.From the stupid laws that has been created,to allowing companies that makes billions of dollars,,not pay one thin dime worth of taxes!!

Where did you get that $10 trillion number from ?

There are no companies that earn billions and pays no taxes.

 

[rufus]

Oh, if there are, let me know. I want to buy their stock.

 

[rufus]

On second thought, just who are those infamous five families? Were they referring to the mafia?

 

[frenchblackcopper]

Hemet Dennis,if I must prove every single letter I type on this forum for you,please look at this page and add the numbers up.12.2 trillion dollars committed,and 2.5 trillion already spent,,right in the top paragraph http://www.nytimes.com/interactive/2009/02/04/business/20090205-bailout-totals-graphic.html?_r=0 I suppose you'll say the New York Times is just a backyard news rag now too with no creditibility?
Rufus,get a pot of coffee and listen to this audio explaining how the Federal Reserve was created on Jekyll Island in 1910 by famous people such as JP Morgan,Nelson Aldridge Rockafeller,Paul Warberg,,and the other 6 or so members that all own our money cartell. It's all very well documented and can be proven( saving hemet dennis from saying this story is also made up) http://j.b5z.net/i/u/2018731/m/Creature_Jekyll_Island_A.wav
Hemet Dennis,.,here is a list of 57 companies in the S&P 500 that didn't pay taxes...
http://thinkprogress.org/economy/20...icas-largest-companies-pay-percent-tax-rates/ Apple is one of the top on the list. If you would just do some reasearch on your own,it would save me going back and doing more homework for you.But go ahead,keep derailing everything I say so I can back it all up for you,so you don't have to type so much,yes? Much easier to dispell me here,than search for yourself ? Appel sheltering 100 billion dollars and not paying any tax once again backs up my text in post #223 above,,this proving known published facts because some either don't know how to research it,or hear it by people with PhD's in their titles and then comprehend it is truly amazing to me.

 

[frenchblackcopper]

Where did you get that $10 trillion number from ?

There are no companies that earn billions and pays no taxes.

I think 100 billion is a bit more than "billions" and "There are no companies" when the link lists 57 that didn't pay anything,,please discredit. Heres another link for you to dispell,, http://rt.com/usa/corporations-loophole-avoid-billions-taxes-761/ They list 60 top corporations,Please tell me all these published articles are false! Please tell me that Appel did pay their 35% tax,or $35 billion on the $100 billion they made.I know,I read it on the internet so it cannot be true.

 

[rufus]

Copper, if we over tax corporations, they will just move their incorporation abroad. Then they will only have to pay US taxes on income earned by their US subsidiary. Several years ago, Stanley tools tried to move abroad. The uproar in the press precluded the move.

Just because a company is incorporated in the US, does not mean that the ownership is in the US. The stockholders really don't care about our problems, especially if they live in the middle east or Asia. A lot of companies make good earning in other countries, but then do poorly and lose out in the US market. Their motivation to stay in the US market is minimal.

Remember, earnings are taxed twice. Once as corporate income and then again as income when dividends are paid to stock holders.

If a company makes a car in Asia, then sells it on paper to a subsidiary company in a country where they have a tax holiday, that subsidiary can sell it to another subsidiary in the US for a minimal about. That way the income is taxed less. Think about that before you buy a foreign car.

 

[hemet dennis]

Hemet Dennis,if I must prove every single letter I type on this forum for you,please look at this page and add the numbers up.12.2 trillion dollars committed,and 2.5 trillion already spent,,right in the top paragraph http://www.nytimes.com/interactive/2009/02/04/business/20090205-bailout-totals-graphic.html?_r=0 I suppose you'll say the New York Times is just a backyard news rag now too with no creditibility?
Rufus,get a pot of coffee and listen to this audio explaining how the Federal Reserve was created on Jekyll Island in 1910 by famous people such as JP Morgan,Nelson Aldridge Rockafeller,Paul Warberg,,and the other 6 or so members that all own our money cartell. It's all very well documented and can be proven( saving hemet dennis from saying this story is also made up) http://j.b5z.net/i/u/2018731/m/Creature_Jekyll_Island_A.wav
Hemet Dennis,.,here is a list of 57 companies in the S&P 500 that didn't pay taxes...
http://thinkprogress.org/economy/20...icas-largest-companies-pay-percent-tax-rates/ Apple is one of the top on the list. If you would just do some reasearch on your own,it would save me going back and doing more homework for you.But go ahead,keep derailing everything I say so I can back it all up for you,so you don't have to type so much,yes? Much easier to dispell me here,than search for yourself ? Appel sheltering 100 billion dollars and not paying any tax once again backs up my text in post #223 above,,this proving known published facts because some either don't know how to research it,or hear it by people with PhD's in their titles and then comprehend it is truly amazing to me.

Your first link took me to the New York Times subscription page, not going to pay to read the story, so I don't know if it's a opinion piece or what. So do you have any other link ?

Who owns the FED ? Well it's the member banks, that's all federally chartered banks and any state chartered banks that have the assets and the desire to join. So 5 families own all the federal and a lot of the state banks ?
I have seen the Jekyll island fiction before, and also heard the story of how the Federal Reserve Act was passed when only a few members of Congress were in Washington. Well the congressional record shows that the vote on the act was 298-60 in the House and 43-25 in the Senate, so that part can be proven as a lie. If a few members had done this, do you really think they could have gotten away with it when the rest of congress came back to town ? Do you think they wouldn't have repealed it the day they came back ? Or repealed it in the last 100 years ?




Maybe try a story on Apple that has some facts, here is one http://www.forbes.com/sites/leesheppard/2013/05/28/how-does-apple-avoid-taxes/ That 100 billion is profits earned in other countries, so as long as the money does come to the U.S. there is no tax owed on it here. Apple sells products all over the world and the U.S. isn't entitled to tax that profit if they don't bring it here. They would love to bring it here and pay it out to it's investors, but they don't want to pay the 35% tax. So instead they borrowed (issued bonds) and used that money to pay dividends and to buy back stock. The people getting that money will now have to pay income tax on the money, and will spend the rest back into the economy. So the profits do get taxed, and the interest paid on the bonds will also be taxed when it's paid.

I do think you need some help in your research before you criticize someone else. Just because you found it on the internet doesn't make it true.

Waiting on the $10 trillion claim.