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Economic Liberties
Carbon Tax Passes in Oz
http://www.abc.net.au/news/2011-11-08/carbon-tax-passes-senate/3652438
Last month the carbon tax passed the Australian House of Reps and Senate.
It's true that the sky hasn't fallen in. But the pain of extra gubment regs and tax charges won't kick in till July next year.
Gubment delaying the pain, is as stupid as the pain itself.
Be seeing you!
Get your bell bottoms on because stagflation might be back
The 1970s, the decade of bell bottom trousers, prawn coctails, disco, Lynda Carter & stagflation!
http://www.bbc.co.uk/news/business-14540818
Euro crisis: Barroso warns debt crisis is spreading
http://www.bbc.co.uk/news/business-14404852
NO CRAP!!
Greece has just been bailed out for the second time & if Greece gets into further trouble i doubt there will be a third bailout
If Greece truly goes bust, Ireland would be next & if Ireland goes bust the the British economy could be in a whole heap more trouble because guess who the British government has been lending billions to
Time honored ways to stay in debt
"Ignorance is bliss," someone once said, and how right he was. The Contented Debt-Strapped Consumer (CD-SC) need not be concerned about possible potential problems of their debt. Why stress over bankruptcy, staggeringly overwhelming obligations and ruin? The future is not here yet, so why worry about it? This is especially true when there are so many well-known methods of increasing and extending debt. One of probably the most common types of debt is quick installment loans since they're so simple to get.
1. What does debt matter?
Official IRS Data show that the top 1% of income earners paid 40% of all fed income taxes
They paid 40% of all federal income taxes last year.
The top 25% paid 85%.
(The bottom 20% of earners paid no income taxes. They got subsidies through the EIT).
http://blogs.forbes.com/peterferrara/2011/07/28/president-obama-is-no-longer-tethered-to-reality/
and
http://www.ntu.org/tax-basics/who-pays-income-taxes.html
Meanwhile, corporate taxes are the highest in the industrialized world at 40%. (Not that I approve of the government-created things called corporations) Communist china has a rate of 25%.
Apple holding more cash than USA
http://www.bbc.co.uk/news/technology-14340470
Saw this story about Apple having more cash then the US govt thought it might interest people
Metal Leasing: Your thoughts?
Today I was looking at kitco.com charts, (actually considering buying an ad on that site).
I came across charts showing the silver lease rate. I have no idea what a silver lease is, or how such a contract would work, so I investigated a little, finding this article critical of the practice of metals leasing.
http://www.24hgold.com/english/news-gold-silver-silver-leasing-or-silver...
I am curious as to your thoughts on this matter.
Obama Starts Another War
Looks like Obama has done it again. This time, it's not about death, destruction, and violations of CONstitutional protections. This time Obama invades Columbia, and it's better than you think.
Take a look:
Bernake says there is no inflation. >whew< lol
It's ooookay. There is nothing to worry about! The great Bernake, the leader of the Fed when the housing bubble burst, says we have nothing to worry aboiut. Of course, this is the same guy who doesn't seem to draw a connection between printing money and inflation so...
Bernake, you need to stop that noise!
Climate Fraud and Tax War in Australia
Fellow Conspirators:
It seems like an odd situation to describe Australia as being a place, where open warfare has
broken out over the climate fraud and taxation.
The usual tranquil stereotypes emerge when I speak to Americans and others about what they
see as uniquely Australian.
Putting a shrimp on the barbie, making the usual reference to the size of one's knife and of cause
the general languid sound of our accent is usually the first thing that springs to mind. Tax Wars,
though don't fit the bill.
Fed does another round of QE.
http://www.telegraph.co.uk/finance/economics/8108735/Fed-prints-another-...
This goes into some detail. Gard is the genius so maybe he can explain it more clearly.
Pasadena police issue warning about buying and selling gold.
http://www.pasadenastarnews.com/news/ci_16988452
Police issue warning about buying and selling gold
By Brian Day Staff Writer
Posted: 01/02/2011 04:46:53 PM PST
PASADENA - As soaring gold prices tempt many to sell off jewelry and other gold items, police are working to keep thieves from taking advantage of the trend by making it difficult to sell stolen gold.
With gold selling for more than $1,400 per ounce, officials remind the public that there are laws governing the buying and selling of gold, Pasadena police said in a written statement.
"The Pasadena Police Department would like to inform the public that buying gold is against the law unless you are licensed by the California Department of Justice," the statement said.
Tax day changed this year.
In order to observe the freeing of slaves, the modern day slave is getting a 2 day reprieve in giving Master our money.
http://finance.yahoo.com/news/Tax-day-extended-to-April-cnnm-517323115.h...
Economic times, any predictions?
There is alot of talk about this spring's gas prices already, oil going up, food is going up. The unraveling going on in Europe, the potential commercial real estate bubble in the states. Inflation, deflation? Where is this all heading, if anyplace? It is hard to know about such things. I have started taking a number of protective steps such as stocking food and supplies, gasoline, generator etc. What do you think we are looking at in terms of U.S. and world economy? Some big collapse? Another Great Depression? Extended recession? Or nothing special, just more fluctuations and life goes on?
$10 for $2
Wow. Only the government.
I wa watching TV tonight and there was a commercial for a $2 bill designed with a special decoration commemorating Yellow Stone National Park. There is also a COA from the Fed and Treasury.
How much do you think it costs for a $2 bill and a COA. For two esentially useless pieces of paper? $10. lol Give the government $10 and they will give you $2. ...only the government!
Taxes explained in terms of beer
This is in response to Gard's remarks on the podcast dated 12-9-10
In this pod gard discusses how the rich pay a disproportionate amount of tax. If you applied this to bar tabs for ten people, you would get something like this e-mail which I received at work one day
As an aside, the accredited author denies having written this, and makes no comment as to the validity of this analogy.
Subject: Taxes explained in beer
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100...
Taxes on small businesses.
*Beware- Bee in bonnett*
This morning, I stopped by my new employers office to gather some information that I'll need for my first day on Friday. While I was waiting to see my supervisor, I noticed this on the wall. A license for a security alarm for a private business.
Why the U.S. supports Israel, Egypt, Saudia Arabia, etc., etc., etc.
Gard posed this rhetorical question in a recent podcast. Seems especially ironic that the U.S. would arm antagonistic nations.
Of course, we all know why. The federal government gives the foreign nation dollars with which to buy military equipment. The foreign nation then turns around and buys the equipment from an American manufacturer--Lockheed, General Dynamics, Boeing, Raytheon, or whomever. Or, the federal government gives the foreign government the equipment directly. Either way, whether the foreign government acts as a middleman or if Washington pays for the equipment, American taxpayer dollars (or dollars printed up by the Fed) end up in the accounts of the politically connected military contractors.