Inventor
Phoenix
Joined: Feb 16, 2007
Posts: 5136
Location: New Orleans
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 Posted: Tue Apr 10, 2012 7:46 pm Post subject: |
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| ruveyn wrote: | | Inventor wrote: |
I blame one Minority, Congress. Their retirement should be to be kept naked in cages in the National Zoo, and have to perform for peanuts. |
Strict term limitation would also work. We have to do away with the class of professional politicians for life. A pre-requisite for hold office should be five years experience as an independent business man or a worker at the real job where performance counts
ruveyn |
I think it a little late for that, it would not answer our Greek level of debt.
It is rearranging the deck chairs at this point, with a projected doubling of debt over the next decade.
Arithmetic, History, Geography tests would have helped. Now there is no choice but government by printing press. Whatever we produce can be produced cheaper, so unless we impose import quotas, tarrifs, we can not even hold our domestic market.
Applied Technology, the usual way to more profitable production, has now reached the point of "No Humans Need Apply." Unemployment is a future constant, which reduces consumers, and in Marketing, Amazon undersells Walmart. The Profit motive is being removed.
This leaves no room for a Grassroots Recovery. Any profitable product developed will be copied, and mass money will produce it offshore and sell it at the least possible profit.
The problem is Liquid Capital, a vast excess of funds seeking short term profit.
All other forms of ownership are taxed, land, cattle, forests, factories, but money rides free. Only the earnings of Liquid Capital are taxed, and that after deductions.
This is the reason that Ten Year T Bills pay 1.99%, $100,000 will earn $1.990 a year. Inflation is higher, so the best investment is a loss.
Excess Capital is what funded the Stock Market rise, the Housing Bubble, Student Loan Debt, Credit Cards, all seeking higher returns from doing nothing but having capital.
The only answer is a tax based on Net Worth. A flat 5% tax on everything above $250,000 would reduce Capital, which like thinning out a herd of deer, leaves the survivors stronger. Taxing Income, is like having the same deer overpopulation, and taking some food away from all of them.
The structure of our government has not changed, where our economic system has.
So we get the old answer, Hill Bandits in Viet Nam, a Peaceful partition of Korea, A Saudi Construction company in Afganistan, our man in Bagdad, some reason to Cry Havoc and release the dogs or War! War means not having to say you'er sorry for screwing up the economy.
What we need, which even Reagan saw, is full employment, and higher taxes. Running the printing press to fund consumers, will produce demand.
Reagan was senile, and he saw it!
Of, By and For The People is still a good idea. |
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vermontsavant
My father 1934 to 2010
Joined: Dec 08, 2010
Age: 37
Posts: 1797
Location: Bellows Falls,Vermont USA
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| Posted: Thu Apr 12, 2012 7:34 am Post subject: |
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the roman empire gradualy declined over a 2 hundred year period.the formal fall of rome to the ostrogoths in 476ce was just a formality.if the usa falls it will be all at once caused by an inability to pay its debt.i just dont see the americas land being chiped away by other countries through wars.
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ruveyn
Phoenix
Joined: Sep 22, 2008
Age: 76
Posts: 29709
Location: New Jersey
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| Posted: Thu Apr 12, 2012 8:24 pm Post subject: |
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| vermontsavant wrote: | | the roman empire gradualy declined over a 2 hundred year period.the formal fall of rome to the ostrogoths in 476ce was just a formality.if the usa falls it will be all at once caused by an inability to pay its debt.i just dont see the americas land being chiped away by other countries through wars. |
That wont happen. The government will print enough money to pay off the debt., It wont be worth sh*t but it will pay off the debt.
ruveyn |
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vermontsavant
My father 1934 to 2010
Joined: Dec 08, 2010
Age: 37
Posts: 1797
Location: Bellows Falls,Vermont USA
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| Posted: Fri Apr 13, 2012 5:25 am Post subject: |
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| ruveyn wrote: | | vermontsavant wrote: | | the roman empire gradualy declined over a 2 hundred year period.the formal fall of rome to the ostrogoths in 476ce was just a formality.if the usa falls it will be all at once caused by an inability to pay its debt.i just dont see the americas land being chiped away by other countries through wars. |
That wont happen. The government will print enough money to pay off the debt., It wont be worth sh*t but it will pay off the debt.
ruveyn |
exactly,which would devalue are curancy and would make us even more vunerable to a hostile economic takeover
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ruveyn
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Age: 76
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Location: New Jersey
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| Posted: Fri Apr 13, 2012 7:59 am Post subject: |
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| vermontsavant wrote: | | ruveyn wrote: | | vermontsavant wrote: | | the roman empire gradualy declined over a 2 hundred year period.the formal fall of rome to the ostrogoths in 476ce was just a formality.if the usa falls it will be all at once caused by an inability to pay its debt.i just dont see the americas land being chiped away by other countries through wars. |
That wont happen. The government will print enough money to pay off the debt., It wont be worth sh*t but it will pay off the debt.
ruveyn |
exactly,which would devalue are curancy and would make us even more vunerable to a hostile economic takeover |
The U.S. has suffered a hostile takeover (by the government) since the administration of FDR.
The most hostile is Congress regulating every aspect of commerce.
ruveyn |
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vermontsavant
My father 1934 to 2010
Joined: Dec 08, 2010
Age: 37
Posts: 1797
Location: Bellows Falls,Vermont USA
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| Posted: Fri Apr 13, 2012 10:12 am Post subject: |
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@ruveyn.I meant like china,japan or the European union.the euro is already double the $ so if it was devalued it could be 10 times more valueble than the us$.which would that they could easily buy many american corporations and land.and china and japan have bought most of our dept
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GoonSquad
Gadfly or Fly Food?
Joined: May 12, 2007
Age: 43
Posts: 3600
Location: International House of Paincakes...
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| Posted: Fri Apr 13, 2012 10:46 am Post subject: |
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| vermontsavant wrote: | | @ruveyn.I meant like china,japan or the European union.the euro is already double the $ so if it was devalued it could be 10 times more valueble than the us$.which would that they could easily buy many american corporations and land.and china and japan have bought most of our dept |
Name an American company please. They're all gone.
There are a lot of multinational companies with HQs in the US, but they aren't American Companies... The days of "What's good for [company name here] is good for America," are over.
A weak dollar would make American an attractive investment and revitalize American manufacturing. That would mean that America could have good middle class jobs again. That is not a bad thing.
A weak dollar and a bit of inflation would be great for most of America, just not the 1% calling the shots.
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If someone is able to show me that what I think or do is not right, I will happily change, for I seek the truth, by which no one was ever truly harmed. It is the person who continues in his self-deception and ignorance who is harmed.~Marcus Aurelius |
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vermontsavant
My father 1934 to 2010
Joined: Dec 08, 2010
Age: 37
Posts: 1797
Location: Bellows Falls,Vermont USA
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| Posted: Fri Apr 13, 2012 6:22 pm Post subject: |
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| GoonSquad wrote: | | vermontsavant wrote: | | @ruveyn.I meant like china,japan or the European union.the euro is already double the $ so if it was devalued it could be 10 times more valueble than the us$.which would that they could easily buy many american corporations and land.and china and japan have bought most of our dept |
Name an American company please. They're all gone.
There are a lot of multinational companies with HQs in the US, but they aren't American Companies... The days of "What's good for [company name here] is good for America," are over.
A weak dollar would make American an attractive investment and revitalize American manufacturing. That would mean that America could have good middle class jobs again. That is not a bad thing.
A weak dollar and a bit of inflation would be great for most of America, just not the 1% calling the shots. |
makes sense
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shrox
Phoenix
Joined: Aug 12, 2011
Posts: 3254
Location: OK let's go.
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| Posted: Fri Apr 13, 2012 6:53 pm Post subject: |
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| GoonSquad wrote: | | vermontsavant wrote: | | @ruveyn.I meant like china,japan or the European union.the euro is already double the $ so if it was devalued it could be 10 times more valueble than the us$.which would that they could easily buy many american corporations and land.and china and japan have bought most of our dept |
Name an American company please. They're all gone.. |
Intel, the latest generation stuff is always made here, otherwise it's stolen. |
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ruveyn
Phoenix
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Age: 76
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lostonearth35
Phoenix
Joined: Jan 06, 2010
Age: 39
Posts: 882
Location: Canada
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| Posted: Fri Apr 13, 2012 11:25 pm Post subject: |
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I have no idea how to predict what will happen in the US and they won't will care anyway because I am Canadian. All I know is that the US is so unbelievably messed up and nearly everyone down there is crazy. Not crazy as in mentally ill and not being aware of their own behavior or the aftermath of it, but crazy as in CRAZY, if you know what I mean. I believe one reason is that Americans life in a society saturated with stress and nearly everyone is overworked and underpaid. Everyday life seems so miserable that it literally sends pain through my body to imagine what a day in their lives must be like. Not that people aren't stressed up here, EVERYone gets stressed. I get VERY worked up and stressed over things most people don't think twice about. Like how a single bite from a tick could infect me with Lyme Disease and then I will become horribly sick and and my life will be destroyed forever and people will think I'm faking my disease like that lady with seziures and ignore me, leaving me to die all alone and then I'll be buried in an unmarked grave and it will be like I never lived...
I've digressed. And I'm not sure if anyone has even SEEN a tick where I live.
But like I've said, the US has gone insane from an overly stressful lifestyle. All I have to do to see that is watch their news. |
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ialdabaoth
Snowy Owl
Joined: Aug 21, 2011
Age: 38
Posts: 148
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| Posted: Sat Apr 14, 2012 10:47 pm Post subject: |
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| "History always repeats itself twice; first as tragedy, then as farce." |
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Inventor
Phoenix
Joined: Feb 16, 2007
Posts: 5136
Location: New Orleans
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| Posted: Sun Apr 15, 2012 2:02 pm Post subject: |
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As the world reserve we can export inflation.
Our debt is Bonds, long term, fixed rate, and the recent rise of gold, 500%, shows what Bonds are worth.
A devalued dollar is what backs a Yen, so they move in lockstep downward.
This is supposed to drive up other money, making their goods more expensive, as the recent, China must revalue the Yuan upward. China refused.
China, India, Iran, have been buying Gold, Copper, Silver, Iron.
China is now the worlds largest oil producer, and as oil is priced in dollars, the Gulf States seem the fall guys.
All paper money has become worthless, and life went on. |
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Oldout
Phoenix
Joined: Feb 10, 2012
Posts: 1539
Location: Reading, PA
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| Posted: Mon Apr 30, 2012 12:49 pm Post subject: |
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| If our educational systems continue to decline, we will not even realize a national decline has happened. Textbooks will all still proclaim the U.S. as the greatest nation on earth and the children will love it as they wave their flags. |
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Feralucce
Phoenix
Joined: Feb 25, 2012
Age: 39
Posts: 873
Location: New Orleans, LA
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| Posted: Mon Apr 30, 2012 5:27 pm Post subject: |
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| Inventor wrote: | As the world reserve we can export inflation.
Our debt is Bonds, long term, fixed rate, and the recent rise of gold, 500%, shows what Bonds are worth.
A devalued dollar is what backs a Yen, so they move in lockstep downward.
This is supposed to drive up other money, making their goods more expensive, as the recent, China must revalue the Yuan upward. China refused.
China, India, Iran, have been buying Gold, Copper, Silver, Iron.
China is now the worlds largest oil producer, and as oil is priced in dollars, the Gulf States seem the fall guys.
All paper money has become worthless, and life went on. |
Yeah... That being said, late last year, the UAE held a meeting... if the value of the dollar doesn't grow, we're going to be ousted as the currency oil is dealt in... and then we are screwed.
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