JavaScript is disabled
Our website requires JavaScript to function properly. For a better experience, please enable JavaScript in your browser settings before proceeding.
Status
RE : The Cashless Society


Aloha, Mark
I believe that there are studies that show that once tax rates get to a certain point, black markets and tax evasion escalate quickly. This is government's plan to negate that tendency. Once it is in effect, watch tax rates skyrocket!
 
I believe that there are studies that show that once tax rates get to a certain point, black markets and tax evasion escalate quickly. This is government's plan to negate that tendency. Once it is in effect, watch tax rates skyrocket!
LOL And watch the black market and barter economies skyrocket alongside those taxes.
 
WSJ identified 6 large U.S. banks including Charles Schwab Corp. and PNC Financial Services Group Inc. that together switched the classifications on more than $500 billion of their bond investments last year.


https://www.wsj.com/articles/as-int...t6gx1raezha&reflink=desktopwebshare_permalink
As always happens the "big boys" will make sure they are fine. The working class will come along and pay for it all. Then be told the same law makers who made the mess just need to "fix it". :s0092:
 
Did not watch this one but have listened to Glen on and off for many years. He can be entertaining. The one thing that he suffers from is he keeps making wild predictions that do not come true. Like with global warming the date just keeps moving. Not that I do not agree that this can not possibly just continue like this. The problem is when people keep yelling the sky is falling and nothing happens? Soon few will listen or take you seriously after a while.
 
One thing that has changed in recent years is the movement of production overseas.

When your economy is very self-contained, inflation is pretty much offset by higher wages. When you source things from overseas, the vendors price their production/work based on its worth, and adjust the price to what your dollars will buy in their country.

Since all modern currency is "make believe" it is only worth what the users think it is worth. If the users lose confidence in a currency, it inflates, sometimes to zero value.

China wants to promote the Yuan into World Currency status, but its value is pegged by lying Communist dictators, and only fools would trust it. Its value is a number plucked out of the air by servants of the dictator. The Dollar has been in decline, and the politicians seem bent on destroying its value. No one has found a stable enough currency to displace it yet, but that time will come unless the politicians smarten up.

The Ruble is officially a strong currency despite the pressures of the war. This is because the Russian Government will not allow exchange of Rubles for foreign currency, except at the rates set by the Government, and those rates are unrealistic. You have to go to the Black Market to find out what Rubles are really worth, and its worth has fallen considerably there.

None of the BRICS have solid currency, so their attempt to evict the Dollar from World Currency Status is likely doomed. The Dollar may decline in value, but will still be widely used until it is destroyed by actions of the United States.
 
One thing that has changed in recent years is the movement of production overseas.

When your economy is very self-contained, inflation is pretty much offset by higher wages. When you source things from overseas, the vendors price their production/work based on its worth, and adjust the price to what your dollars will buy in their country.

Since all modern currency is "make believe" it is only worth what the users think it is worth. If the users lose confidence in a currency, it inflates, sometimes to zero value.

China wants to promote the Yuan into World Currency status, but its value is pegged by lying Communist dictators, and only fools would trust it. Its value is a number plucked out of the air by servants of the dictator. The Dollar has been in decline, and the politicians seem bent on destroying its value. No one has found a stable enough currency to displace it yet, but that time will come unless the politicians smarten up.

The Ruble is officially a strong currency despite the pressures of the war. This is because the Russian Government will not allow exchange of Rubles for foreign currency, except at the rates set by the Government, and those rates are unrealistic. You have to go to the Black Market to find out what Rubles are really worth, and its worth has fallen considerably there.

None of the BRICS have solid currency, so their attempt to evict the Dollar from World Currency Status is likely doomed. The Dollar may decline in value, but will still be widely used until it is destroyed by actions of the United States.
The USD is the "Cleanest Dirty Shirt" in the hamper. :)
 
Did not watch this one but have listened to Glen on and off for many years. He can be entertaining. The one thing that he suffers from is he keeps making wild predictions that do not come true. Like with global warming the date just keeps moving. Not that I do not agree that this can not possibly just continue like this. The problem is when people keep yelling the sky is falling and nothing happens? Soon few will listen or take you seriously after a while.
When did he become Colonel Sanders?
 
The U.S. Social Security system's main trust fund's reserves will be depleted in 2033, one year earlier than estimated last year, while Medicare's finances have improved slightly, reports from the programs' trustees showed on Friday.

The Medicare Hospital Trust Fund reserves are now expected to be depleted in 2031 compared to an estimate of 2028 made last year, due in part to new estimates showing higher revenue data.


 
The U.S. Social Security system's main trust fund's reserves will be depleted in 2033, one year earlier than estimated last year, while Medicare's finances have improved slightly, reports from the programs' trustees showed on Friday.

The Medicare Hospital Trust Fund reserves are now expected to be depleted in 2031 compared to an estimate of 2028 made last year, due in part to new estimates showing higher revenue data.


The youngest baby boomer will be 69. Will you look at that? An entitlement program voted for and funded by a multi generational cohort is going to come to an end as the last of the boomers age out. Go figure. The "I've got mine so screw you" gen strikes again.
 
The youngest baby boomer will be 69. Will you look at that? An entitlement program voted for and funded by a multi generational cohort is going to come to an end as the last of the boomers age out. Go figure. The "I've got mine so screw you" gen strikes again.
They could try and raise the retirement age to compensate for longer lifespans but....

 
They could try and raise the retirement age to compensate for longer lifespans but....

The first thing they will do is drop the cut off. Right now you only pay into FICA until a certain amount, going to be 160K this year IIRC. After that they stop taking it. That will be the first place they go to get more cash is eliminate that cut off. Should make a lot of people real mad who have been voting for the people who are going to do it to them so well worth the laugh when they do. :D
 
The first thing they will do is drop the cut off. Right now you only pay into FICA until a certain amount, going to be 160K this year IIRC. After that they stop taking it. That will be the first place they go to get more cash is eliminate that cut off. Should make a lot of people real mad who have been voting for the people who are going to do it to them so well worth the laugh when they do. :D
How is the marketing promise of ever newer caliber introductions any different than the amazing expansion of pretend improvement on various economic programs?
 
Status

Upcoming Events

Tillamook Gun & Knife Show
Tillamook, OR
"The Original" Kalispell Gun Show
Kalispell, MT
Teen Rifle 1 Class
Springfield, OR
Kids Firearm Safety 2 Class
Springfield, OR

New Resource Reviews

New Classified Ads

Back Top