You Heard It Here First.

[Decker]

you are spot on...

the FED prints money to give to Wallstreet and other large US firms mainly to prop up stock share prices when performing credit default swaps or to cover the costs of transactions based on derivatives, etc.. basically the ones that cause all of the financial problems are the ones that get funded directly from the Fed and US treasury while those that make the least have to bare the economic consequences of monetary inflation, job loss, etc...etc...etc...

The government is monetarily sovereign. That means that government has no means. Taxes do not fund the federal government. Taxes used to fund the government when the dollar was backed by gold but that has not been the case since 1971.

To pay the federal government's bills, borrowing is not necessary. Taxes are not necessary, therefore the only major rationale for taxes is to curb the accretion of excessive wealth, thus keeping such people active in the economic landscape. Taxes destroy dollars. Federal spending creates dollars.

As a monetarily sovereign nation, we can pay all our bills and do so much more. Granted the states have to live within their means...taxes to spending for the states are not monetarily sovereign. But not the federal government b/c it is monetarily sovereign. While inflation and deflation are concerns, oil prices are an excellent indicator of inflation..Creating dollars, i.e., printing money, is not.

That's not my political ax to grind.

That's how our government works relative to our economic situation.

 

[Curt James]

Are we keeping it civil here?

Hugs,
Mr. Mom

 

[Curt James]

^^^^ On second thought...

Moved from Open Chat to AG!

Have at, gentlemen!

 

[LAM]

your forgetting one thing and that is that taxes are what creates value when dealing with fiat currency as it has no intrinsic value of it's own not being backed by any tangible asset. the acceptance of currency by the government along with the the future prospect that they currency will be redeemable in the future currency or money is only the medium of exchange for goods and services. in a perfect world party's could trade goods and services with each other and money would not even be needed utilizing nash equilibrium if all party's involved stood by their obligations 100% of the time as "perfect" competitors/traders. also modern governments are also consumers as they buy goods and services from the economy which counts towards GDP when not a transfer payment of money collected via taxation.

taxation has been a fundamental part of every major economic system and every society on the planet dating back to ancient egypt.

 

[ctr10]

Nice debate. Needless to say, I could crush you like an empty coke can.

Now you can go back to your pathological masturbation with shemale porn.

You talk a good game Edward thats about it, you are nothing but a Mary who hides behind the confines of his computer screen

 

[skinnyguy180]

The government is monetarily sovereign. That means that government has no means. Taxes do not fund the federal government. Taxes used to fund the government when the dollar was backed by gold but that has not been the case since 1971.

To pay the federal government's bills, borrowing is not necessary. Taxes are not necessary, therefore the only major rationale for taxes is to curb the accretion of excessive wealth, thus keeping such people active in the economic landscape. Taxes destroy dollars. Federal spending creates dollars.

As a monetarily sovereign nation, we can pay all our bills and do so much more. Granted the states have to live within their means...taxes to spending for the states are not monetarily sovereign. But not the federal government b/c it is monetarily sovereign. While inflation and deflation are concerns, oil prices are an excellent indicator of inflation..Creating dollars, i.e., printing money, is not.

That's not my political ax to grind.

That's how our government works relative to our economic situation.

Then where do the funds come from just curios

 

[skinnyguy180]

Then where do the funds come from just curios

Cause I'm pretty sure the salary for the president comes from or taxes paid to the treasury dept. unless he is not part of the federal government.

 

[Swiper]

, the government needs us, we don't need it.

^^^^

 

[DOBE]

Decker - Maybe I'll come back to the U.S. and stand in Obamas modern day bread line so that working guys like secdrl can pay my way. I hope Obama wins again I want shit to be rough!

 

[Little Wing]

what a cocksucker.

 

[Little Wing]

yea i know it's old news but i thought it went well with the old picture which is OBVIOUSLY his reaction to 2 girls one cup.

does anyone actually know why he's making a "put this person on my list of people to kill" face?

one crazy looking fucker.

 

[squigader]

One less reason to vote for Romney, Ryan's got some wrong ideas.

 

[secdrl]

and??? Barack Obama ATE a dog. Come on.

 

[DOBE]

and??? Barack Obama ATE a dog. Come on.

I'm still not voting for him but that's kinda cool.

 

[NVRBDR]

Dog cruelty VS Obamas cruelty to humanity... Hmm?

 

[charley]

.......legalize weed ....

 

[Little Wing]

and??? Barack Obama ATE a dog. Come on.

yea. to me it's not one is better than the other. it's when the fuck will we get a real candidate.

maybe that's why we keep getting such shit presidents cuz we think we have to vote for one of the piles of shit.

 

[Little Wing]

to put this in terms some of you can understand better. they are saying to you

do you want to get fucked in the ass by this bull or this horse...

if you say you don't want the bull to fuck you in the ass does it mean you want the horse to?

maybe the right answer is neither.

 

[Little Wing]

for those unfamiliar with this, Obama was fed dog meat as a little boy in indonesia. hardly anything one can fault him for.

 

[Zaphod]

yea. to me it's not one is better than the other. it's when the fuck will we get a real candidate.

maybe that's why we keep getting such shit presidents cuz we think we have to vote for one of the piles of shit.

You are so staggeringly correct on this.

The reason we have this pile of shit situation is because we, as a people, have allowed ourselves to become so divided on issues based on lies. That's right, JimmyUSA, lies. Lies that people like you take as fact and spread even further because your favorite talking head said it. Both sides are doing it and it doesn't matter because they are just different sides of the same coin and people are increasingly ignorant of that fact. Republicans and democrats want to control you and take everything away from you, to think otherwise shows that they have you swallowing the whole enchilada of lies.

I've said it before and I'll say it again, neither side has the answers. The answers are somewhere in the middle. We aren't getting there because we keep electing the same piece of shit assholes that are getting rich at our expense. It is no coincidence that the majority of congress are millionaires. They are stacking the deck in their own favor and in the favor of their super-rich donors. They don't represent the people. They haven't for a very long time.

 

[Zaphod]

for those unfamiliar with this, Obama was fed dog meat as a little boy in indonesia. hardly anything one can fault him for.

That doesn't matter to the far right knuckleheads. Nevermind the fact that in some parts of the world dog and cat meat are a normal part of the diet. Romney eats bacon, unless he's a muslim, and the people who keep pigs as pets should be making a big stink about that. Romney eats far more bacon than the average American eats dog.

 

[DOBE]

for those unfamiliar with this, Obama was fed dog meat as a little boy in indonesia. hardly anything one can fault him for.

Ok Barry, fido or broccoli?

 

[secdrl]

That doesn't matter to the far right knuckleheads. Nevermind the fact that in some parts of the world dog and cat meat are a normal part of the diet. Barack eats bacon, and he's a muslim!!!, and the people who keep pigs as pets should be making a big stink about that. Romney eats far more bacon than the average American eats dog.

I know.

 

[ctr10]

When I was in the Phillipines those chicken legs we were sold were pretty fuckin big, didn't see any dogs or cats running around either