What would you do about the Fiscal Cliff?

[d!ckmojo]

Is it that big of a deal? Is it just a media beat up? Are the Republicans really a big bunch of arseholes like the media wants you to believe?

 

[Quiksilver]

the 'fiscal cliff' is fake.

what they're gonna do is PRINT and the Fed will buy the bonds, and you, the taxpayer, will be on the hook for the debt of the bonds plus 3% interest.



your masters chose in 2008 for a long slow slide into decay with no recovery for generations, rather than a 2-3 yr sharp collapse followed by recovery.

 

[Burroughs]

There is no ECONOMIC CRISIS.

The free market can take care of itself and make the necessary corrections.

Bankers want to make money by issuing credit. If credit freezes this is artificial and only to force the "bail out"

The bail out stole at least a 2 TRILLION dollars

The bankers and their backers will take that money and l.augh all the way to their accounts in the Cayman Islands.

Instead, The evil bankers who drove their banks into bankruptcy should be personally held accountable for every penny. Take their houses, cars, boats and Planes. Send them to prison. For a long time.

Let the market play out its course. Let the banks go bankrupt. To put the debt on the U.S. government is crazy

It will result in enslaving every citizen to taxes or

The bankruptcy of The United States of America

But banks are the true masters of the world so this will not happen

 

[Bible_Belt]

The current estate tax is 35% of estates over five million.

After the cliff, it is set to become 50% of estates over one million. A million bucks sounds like a lot, but due to land values it includes just about every small farmer in the country. My uncle left his house in my grandfather's name, because he was afraid of getting divorced and losing it. But if grandma and grandpa were to die after January 1st, he would get an estate tax bill for half the value of his own house, plus half the value of everything he inherited. Everyone in my family will have to immediately sell everything they inherit just to pay the tax bill.

 

[Fatal Jay]

To be truthful the dollar is dead,been dead

all the world currencies euro,pesos,yen all that bull**** will be done away with in the coming year or year after

They are going to go with one world global currency

You going to see America do a complete 180 during Obama run, so get ready

Burroughs is on point though, the bankers are the real presidents, that's who Obama take orders from

Burroughs is also right that debt and raising taxes will be so stressful on the middle class that their will be no middle classes

That's exactly what the bankers want, is to make slaves out of the citizens

 

[Vantagepoint34]

Virginia should be able to fix this problem easily.

 

[Quiksilver]

The current estate tax is 35% of estates over five million.

After the cliff, it is set to become 50% of estates over one million. A million bucks sounds like a lot, but due to land values it includes just about every small farmer in the country. My uncle left his house in my grandfather's name, because he was afraid of getting divorced and losing it. But if grandma and grandpa were to die after January 1st, he would get an estate tax bill for half the value of his own house, plus half the value of everything he inherited. Everyone in my family will have to immediately sell everything they inherit just to pay the tax bill.

Yeah estate tax kills small business owners and family farms.



I do disagree with the vague obscurity of "the bankers are evil".

If you are so sure, name them. Compile a list.

ie. Mark Carney, new governor of the Bank of England. Formerly governor of the Bank of Canada.

Spent 13 years working at Goldman Sachs , including his involvement in the 1998 russian financial crisis, where Goldman was advising Russia on how to pay its debt, it was secretly betting against Russias ability to repay. Meaning, they advised Russia on how to pay its debts but they took a position where they stood to make massive profits if Russias financial sector collapsed.

Sounds like a great chap.



Ann Barnhardt has a good youtube vid re the financial crisis and future outcomes. As long as you can get over her mannerisms, and her occasional religious preaching. Her financial info is spot on.


Without the internet it would be impossible to realize we have entered--in the last 20 years--a period of 'Mussolini' capitalism.

 

[Mike32ct]

We went off the cliff a long time ago. It doesn't matter at this point.

 

[Fatal Jay]

America is so fu@ked its not even funny

im neither a democrat or republican, but the republicans actually got a good plan

but the **** still wont work,america is already far too gone

 

[Vantagepoint34]

Hey we need something to talk about. Why not the fiscal cliff.

 

[Quiksilver]

Hey we need something to talk about. Why not the fiscal cliff.

Its a fake fiscal cliff .. There won't be one, Bernanke has already the solution as said above. Digital printing press, direct to large international financial institutions.

It does make the real drop higher and steeper though, and more slippery.

How? Simply more interest on the debt. I believe I've already said by 2017 debt repayments will eclipse current military spending.

When you are forced to cut services and raise taxes, no doubt the lions share of the taxes will go toward debt repayments, what little is left over for welfare services by the looks of it. (And there is no avoiding that reality, that fork in the road was passed along time ago). And the only fork left in that road, is whether you default and restructure your economy like Greece, or whether you keep going and hyperinflate, the way of Weimar or Zimbabwe, when no creditors are willing to purchase T bills.


Be glad you live in such interesting times, the scale of it is unprecedented.


here's part 1 of 8:

http://www.youtube.com/watch?v=7dFVFJ0iRRA&feature=results_video

as said above, videos could be made better if she refrained from the religious preaching and her tone, but those are secondary to the financial info content. cheers

 

[jammer]

Republicans have a reputation for being a bit better at handling the economy, no?