Roach

there is no statute on the books that gives the federal government the right to tax your income.

but try to prove it.
this is the fat and skinny of the debate.


Is the Income Tax Unconstitutional? | The Freeman | Ideas On Liberty


bottom line........the federal government can do whatever it wants to you, and there's not a frickin thing you can do to alter it.

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לזיין את הקופים

Xil

well, there is something. but its gonna be a while before its bad enough that people will be willing/unafraid to do it.

i won't go into the specifics, but lets just say the 2nd amendment is going to be very influential on our capability to carry it out. i'd suggest learning some things before they start effectively censoring the internet.

/straightens out foil har

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OldMan&TheWeed

Whenever I think of Iceland, I think of chess. Iceland is a nation of chess players.

I feel that their representatives have weighed their options and taken the path that makes the best long-term sense for their citizens.

I predict that in five years or so, Iceland will not be a third-world frozen Haiti. It is much more probable that life in Iceland will continue on much the the same as it has in the past.

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Nintey-three percent of what I say is brilliant, factual information and seven percent is complete bullshit. Have fun deciding which is which.

Xil

it seems like defaulting on your debt would fuck your credit and make it impossible to borrow more money. but then i think shouldnt countries function without taking loans?

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OldMan&TheWeed

The finances of national governments and the finances of individuals are not analogous on all levels.

Every time I hear someone simplistically exclaim, “If I ran my finances the way the government did, I’d be in deep trouble,” I think, you’re right, but you’re not a national government. You have a fixed life span of seventy years, you don’t go to war, mint money, grow in population, etc.

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Nintey-three percent of what I say is brilliant, factual information and seven percent is complete bullshit. Have fun deciding which is which.

Roach

credit is exactly what caused the problem.

Iceland did function exceedingly well, before deregulation.

BOA walked in took everything they had, or could produce for the next thirty years....and walked out.

I've mentioned the british documentary many times, called "Inside Job".
It puts the blame exactly where it belongs. And points out...nothing has changed.
Expect the next crash, sooner and with more severity.

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לזיין את הקופים

The Rev

This is an incredibly rare thing to see, actually. Most over-debted countries through history have not declared insolvency or chosen openly to default on their debts. The more common approach is to print money to pay it off (which has typically led to hyperinflation, and ultimately, currency collapse). I'm interested to see how this plays out.



The Rev

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Grieves

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Sir-Ex

I'm fucking stoned and this thread is just no.

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Smile

Ditch the cigs!!!!!!

The Don

Which side are we on?

The bankers', or the peoples'?

Who's to blame?

What really bothers me is that they've made economics so fucking hard to understand, that you have to devote your life to it if you wanna be able to get ahead. It shouldn't be like that.

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Sir-Ex

I'm actually surprised that not each and every single person here isn't commending Iceland for voting not to pay off its debt. Hasn't anyone seen zeitgeist?

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Smile

Ditch the cigs!!!!!!

Roach

It's a bit hard to take for some.

But America is at the center of the cause of global financial meltdown.

Greenspan is the triggerman.

has been since Alzheimer Reagan's time.

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לזיין את הקופים

The Rev

I wouldn't call it a "meltdown" but I agree that it's our currency manipulations that have set alot of problems in motion for other countries. You can't just distort the pricing structure of the world's economy without the resulting correction bringing alot of fucked up into everyone's lives.

The problem is, too, that we're just doing it again. Before the Market Crash of 2008, the Fed was already pumping up the money supply, trying to cut the correction off at the pass. Problem is, once panic sets in, no amount of money printing will make any difference. It's just when people chill out, and get greedy again, that the next boom gets going, setting up the next crash.

The inflation we're seeing in food, fuel, and markets right now is a direct result of that. The money supply has increased by a third in the last three years. This is not as severe an increase as the one in the early 90's that preceded the Nasdaq Bubble, and fed the consumer inflation we saw at that time, so it may not be the end of the world. However, it will have its consequences come 2016-2018 or so.

In the meantime, as prices go up, you have to ask yourself, 'are you in a position to make money off it?' If not, you're going to be a boom time casualty who pays more and makes (in real terms) less. Just because the rich are popping the champagne doesn't mean times are good for everyone.



The Rev

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Xil

I'm no radical but if they took our shitfucked congress and started shooting them in the head one by one till they got their acts together i wouldnt lose any sleep.

although i doubt even that would work.

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Sir-Ex

OK but I'm not cleaning it up.

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Smile

Ditch the cigs!!!!!!

SageTree

The would follow a long string of replacement elections that......

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The Rev

Make me Absolute Monarch for a year. I'd clean this place up.



The Rev

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