FedFilter Free For All – Ask anything…
Ask us anything about money, politics, finance, the economy, conspiracies, etc. and we will respond as soon as possible with a post.
Ask us anything about money, politics, finance, the economy, conspiracies, etc. and we will respond as soon as possible with a post.
I suppose a world without taxes would work just fine.. except.. who pays for the military?
Hey “Marsupiol Econguru!” as they say in Zimbabwe,
Why do you think the bailout plan was not accepted? Could it be that the Conservatives in congress are trying to preserve a free market without loan competition with the government while the Liberals like to self-fulfill their own prophecy for the need of “change” (yet, while never defining the nature of this monotonous mantra called, “change”; change from what to what?)? That’s enough to make a majority, huh?
Marsupiol,
How could anyone willingly sell their soul to the democratic party at this point – which guarantees increased taxes to add to the surmounting living expenses in such a perilous time? It seems counter-intuitive to ask for increased expenses in taxation and fatter government with more plans and programs at this point. Does this obvious fact give the republican party any upper hand? “Sign your name on the dotted line…, Marsupoil!”
What is your outlook on where our economy is headed? With the dow at its lowest point in the last 5 years, do you think that the average will continue to drop? What do you think will be the turning point and when do you think this will happen? Thanks!
As I responded to a post… I realized Globalization was a term that didn’t bother me as much as it used to. Aside from biblical declarations and foresight.. because isn’t everything biblicaly defined? What is so wrong with the following: All countries treat their workers fairly.. a worker in the US gets paid the same in Asia… we all own land in different areas, ? Mexico belongs to chinese, americans, europeans and so do the americas.. All as one country, everyone the same…various jurisdictions one governing board.. everyone has the same opportunity Americans do … long process…. complex deal.. but what is the problem? That’s what we know to come from Free Trade isn’t it? Ie.. immigration… buying fruit traded from Mexico to US raises Mexico wages.. eventually to same rate as American pickers .. due to decline in American picker value… blah blah.. GLOBALIZAtion/// or is it we are to greedy to decline our super power status =0)
Byanca,
You will soon get what you asked for.
Mars…
We are all hearing about a raise in excise tax for wine, this seems a huge problem considering California is huge in the wine industry. It reminds me of the midwestern states that grew tobacco.. so their use tax is very low. would you say maybe CA has a chance in bringing down this “sin” tax? Obviously we are not for taxes, but what would you say would solve our fiscal crisis if we don’t raise money with taxes?
BTW.. whats the deal with the death / gift tax in 2010??
Hi Byanca, …the CA gov’t overspends. Instead of raising taxes (which stifles economic activity), the solution is simple; cutback spending.
MARS,
Won’t the stimulus bill fool people into thinking that the economy will get back onto its own two feet? For example, the media has been harping on President Bush and still can’t get over him (as Clinton was belly-aching about Bush and the “housing crisis” today), while trashing the economy (which I think is a hypocritical insult to the private sector, which isn’t being lent a helping hand right now…but whatever).
Yet the unemployment rate has yet to reach the 8% average low of the Clinton years. I also have heard from conservative radio that the economy is stronger than the media has made it out to be. The Liberal media also have a love affair with Barack Obama, which is largely why he won the election.
Now that the stimulus bill is out, won’t the media change its course, see no fault or wrong with Obama, protect its love affair, and at the same time, change the general public’s sentiment overall? Will the stimulus be debilitating to the economy, over and above public popular sentiment?
MARS,
There is reports out there that as a result of leaving the gold standard, many of the “developed” nations prospered during the great depression, and as long as the U.S. was pinned to it, it was not prospering during the depression. Is this speculative thought? Could you expound on this and comment on how it relates to the current world economy being supposedly pinned to the U.S. dollar?
Tymothyson
Tymothyson, to your first questions:
I think most people do not trust the de-stimulus bill. That is at least what Wall St. is telling us with the huge drops.
Also, governemnt unemployment figures can’t be trusted. See the post titled unemployment 101.
The de-stimulus will probably not be blamed for the economic wasteland that awaits our country. Unfortunately the public herd will be misinformed once again.
Thanks
MARS,
Is it true that 800 Billion is about the amount of money that is in paper and coin circulation at this time? Is there a portion of the funding coming from the Federal Reserve, possibly from the gains made during the government “bail out” of the commercial real estate market a two or three decades ago, or is it all going to be hot off the press? Please cite any articles that tell how you know.
Tymothyson
I’m not certain at the exact amount of paper money (actual cash) out there, but whatever it is is completely trivial. The huge amounts of money are elctronic (bank accounts, etc.)
Printing money is just an expression, what is really happening is more like adding zeros on your computer screen.
The Fed is not making any money from any commercial real estate, they are making it on their computer screens.