I think Stockman is right. huffingtonpost.com/2013/04/0 … 33003.html Federal Reserve’s near zero interest rate [ZIRP] make it impossible for working class and middle class folks to get ahead by saving while enriching Wall Street. Food and energy prices soar while the Fed conveniently delete them from the CPI. Anyone see where Krugman is coming from on this issue? Artificially induced stagflation helps the unemployed?
Precisely, and if the unemployed get angry, then politicians are going to burn as the angry crowds come at them with pitchforks, chanting “Where’s our jobs?!”
The working class is royally screwed. There’s less and less incentives to actually work, save, and earn a living. Meanwhile, women are out-earning men, in completely unrelated news?
What’s your solution if this is indeed the problem?
Everybody should apply for welfare and quit paying your taxes.
I concur.
Their biggest mistake was making the deprived portions of their society include intellectuals.
First, campaign financing must be reform to wrest control of Washington from the banks and corporations. Overturn Citizens United and mandate that Congress pass a balanced budget. Make Wall Street banks compete as at-risk free enterprises. No more bail-outs. Ban banks from trading, underwriting and money management in all its forms. Get the Federal Reserve out of the business of micro-managing the economy. Let the interest rate rise to the rate that lenders can profit and savers can save without predatory lending.
Congress isn’t going to reject bank control and the federal reserve, without a fight. The congressmen are paid-off, corrupt corporate profiteers. It’s going to take a lot to purge congress from this financial corruption. It may even require drawing blood after stripping the leeches from their sucking hold on the body politic. The congress does not represent the people; congress represents the corporations. Corporations are not people.
The US congress is our corporate foothold. They’re not going to give congress back to the people, without a very, very violent fight. The state is going to impose martial law on, and slaughter its own citizens, before giving the financial system back to the people.
The best thing every individual citizen can do, as mentioned, is avoid paying taxes anyway you can, draw as much welfare benefits as you can, and start local, municipal trade currencies. Reject the dollar, and start trading local and state currencies. Trade all your assets off the dollar, the sooner the better. The federal state is going to get desperate once the economy and financial system starts imploding on itself.
The US federal government is going to go bankrupt, full scale, it’s just a matter of time now. Loot all you can from the federal coffers, to your state and local coffers, before the Titanic goes under.
The banks are going to get bailouts again, the next time an economic bubble pops, trust me on this one. The federal government cannot afford to not to. The banks run our federal government, not the people. Our “democracy” is a sham, a fake. The moneylenders have the control.
Sadly, I think the last two post are probably right because Washington is in effect using a divide and conquer strategy to keep Main Street America from organizing itself.
Poverty is one of those “great uniters”. Give it time.
Possibly but time without change= more pain for more people. The inversion of utilitarian value.
That’s why we need Obama for change. Look how pissed all the rich people are at him. It’s working.
Black people tend to be poor. And blacks stick to their own, after all of their history in the US. Blacks feel that they can only trust blacks. So the bankers can’t buy Obama out, exactly. You can’t “buy out” poor blacks. Because, despite all of their money, they still distrust the anglo establishment. They distrust the anglo establishment, even with a black president!
That’s one good thing about Obama. The rich are starting to sweat. That’s why the top 1%ers are keeping their money in the stock market. They don’t want to invest and reinvest in the US economy. The rich are going to hold onto their assets, forever, until they can find a tax loophole or way to bailout and abandon the US infrastructure. Corporations are trying to flee the US, not just for cheap labor overseas. The corporations who left for cheap, slave labor, already did so in the 90s. The corporations who want to leave, now, are the ones who are scared shitless about inflation and a vast reduction of the dollar value.
The dollar is a toxic asset. And it’s poisonous the top 1%ers. What mislead contheorists and amateur, armchair economists don’t know, is that uncontrolled inflation is actually the best possibility for the average american, and for local communities and individual state governments. It’s the corporations who are going to get screwed with inflation, not average joe.
Problem is, nobody can tell the FEDs what to do, since they’re a private entity. So the economic future of the united states, mostly, belongs in the hands of a private institution, not a public institution.
This could be absolved if states opt out of the dollar, and begin issuing state and local currencies to compete directly against the dollar. But congress isn’t going to do such a thing, until corruption is quelled. The corporations are going to keep pouring millions of dollars into politician’s back pockets, to prevent them from switching over to a state or local fiat currency.
The best situation for average joe american is, inflation of the dollar, and having states and local communities, switch over to a state-run fiat currency, at the same time. But, corporations and politicians would not do this without a big, big fight. And I bet it would turn ugly.
How about we just ratify the old Articles of Confederation while we’re at it. Makes about as much sense as the solutions above. We can do that, and get pictures of Smears using the constitution as rolling paper in the national archives, with pics of him pointing out of the Washington Monument at all the Mexican troops pouring in. He can be our collective hero here in this thread.
Honestly, the ideas presented aren’t even realistic in how to get them presented, the most sane- mandating a balanced government… yould have better luck in lassoing the moon given the runaway spending in Washington, the presidency has been turned into a OnionNews clip… and the collapse of the dollar isn’t destroying the rich… if you ever been around rich people you would know they diversify their assets, they don’t live in a monochromatic world. That’s really smart of them, hence why they are really rich.
Focusing your angst on stock markets or tax loopholes doesn’t explain the phenomena of rich people, who predate the appearance of both. All it is is a psychological angst that your left hemisphere’s capacity to contrast and assert fairness. Your life, my life, the common mans life… it’s not sucking because if the rich. It’s sucking cause we suck, and being able to call yourself a intellectual doesn’t make you suck less, it makes you suck more for not figuring this one out.
Our society sucks because we suck as a society, so stop scapegoating the rich. They are rich because they figured us out. If we improve ourselves, then they wouldn’t be unwarrantedly rich for long. Look at yourself for the problems and not them.
Let’s push the ball rolling on this one.
I’m not necessarily against the rich. I’m just giving fair warning to the middle and poor classes. They’re the ones in trouble, not the rich.
If the rich diversify their assets during increased inflation, then the economy will grind to a screeching halt. Economic growth requires strong currency, fluid assets, and investments. Problem is, an economy can only grow so much and so fast. Economists looking for miracle answers inside price data, aren’t looking at the big picture. Most of the US growth, and western civilization, grew as a result of Germany’s destruction, plundering Europe of its wealth, and seizing oil in the Middle East. Now that history has progressed beyond that generation, economic growth cannot make numbers out of thin air anymore.
No more magic, reality is settling in. There is no economic growth without risk. There is no redistribution of wealth, without assaulting the top 1%ers.
I’m not advocating this, but, just demonstrating what reality is, not what I want it to be or not to be.
Once everyone stops paying taxes, the ‘entitlement well’ goes dry. Exactly where in bloody Hades do y’all think Federal money comes from? Exactly who pays for roads, parks, monumental tourist attractions, infrastructure, schools? Get your heads out into the sunshine. If there are brains inside those skulls, why not use them to think instead of blathering?
[i]Withhold taxes,
Leech welfare!
Withhold taxes,
Leech welfare!
Yell it with me!
Withhold taxes,
Leech welfare!
Withhold taxes,
Leech welfare![/i]
The Nanny State rewards those who cry the loudest and steal the most. Where’s my golden parachute?
rununder you’re a 23 year old sophomore cliche.
try harder g.
Do you report all your earnings? 
That’s fine, I support that, Smears. It doesn’t change the fact that this country gets most its taxes from two sources: taxing the income of the middle class, and, taxing cigarettes, alcohol, gasoline, lotto, food, which targets the poorest of the poor. Most of this tax money then goes to pay the military industrial complex, pay off politicians, and then, the leftovers go to the crack moms who start shooting out babies at age 13 in middle school. Almost none of it goes back to the middle class, and poor.
The poor get their “handouts” from churches, soup kitchens, and charity, not the state. So the middle class is paying twice, once in taxes, twice in charity. The rich mostly avoid taxes through loopholes and lawyers. And their taxmoney actually goes back to them, by lining the politician’s pockets and supporting their salary. Perhaps the only time the middle class pays taxes, for itself, is in the military, to pay the salary of soldiers. But soldiers are now having their salaries cut, through sequestration. So the last recycling of money back to the middle class, is about to end.
The middle class pays the huge brunt of America’s taxes, and almost receive none of it in return.
State taxes and local community taxes are responsible, mostly, for public infrastructure such as police, fire, medical. The federal government does not supply these to states. The federal government has a different tax system than states and local communities.
Class dismissed for today, no homework this weekend, yay Smears! =D>
Yeah I just think it’s tacky to accept welfare if you don’t have to.