tag:blogger.com,1999:blog-6399730406480392183.post333970372699228386..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: Debtworld - We're drowning in a sea of debtA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-6399730406480392183.post-79696003866844028532011-12-20T12:43:18.096-04:002011-12-20T12:43:18.096-04:00Thanks, for this post "Debtworld - We're ...Thanks, for this post "Debtworld - We're drowning in a sea of debt". Good knowledge about <a href="http://www.what-is-debt-consolidation.info/" rel="nofollow">what is debt consolidation</a>mazanhttps://www.blogger.com/profile/03050036537842172605noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-2139340376090451852011-09-24T20:13:55.487-03:002011-09-24T20:13:55.487-03:00quote"In the USA it is calculated that there ...quote"In the USA it is calculated that there is apprximatley 1 trillion dollars sitting in off shore accounts (personal and corporate) Obama enacted FATCA as a means of repatriating that money taxable at 35-38%. That amounts to 350-380 billion dollars that can go to deficit reduction, repayment of outstanding debt and infrastruture development projects. Corporations are holding that money hostage and will only agree to repatriate it if the tax rate is lowered to 5%. This is unconscionable in my opinion." end quote<br /><br /><br />Well that's the difference between corporate and tax agencies... tax agencies look for money to spend while corporate look for ways to produce profits to satisfy wall street and keep their stock price up. <br /><br />If GE can make billions of dollars and pay $0 in tax legally how many more do you think will try to jump in this line? <br /><br />Washington needs to do more than close loop holes. United Technologies Corp who just bought out Goodrich for some 16Bil is a primary example of a corp who pays their taxes. What is their benefit? <br /><br />119,000 pages worth of tax returns and anywhere from 10-12 FULL TIME IRS agents who audit them constantly... and some think closing a few loop holes is going to fix this mess? <br /><br />Har-Har it is to laugh.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-61622986245331739772011-09-16T23:44:12.332-03:002011-09-16T23:44:12.332-03:00The individual (taxpayer) is now the collateral th...The individual (taxpayer) is now the collateral that gold used to hold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-86983580242881533212011-09-13T21:11:08.268-03:002011-09-13T21:11:08.268-03:00“In the absence of the gold standard, there is no ...“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.<br />This is the shabby secret of the welfare statists" tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists" antagonism toward the gold standard.”<br /><br />- Allan Greenspan <br /><br />“Gold and Economic Freedom”, 1967Stevenoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-12753708681828072722011-08-02T13:41:39.392-03:002011-08-02T13:41:39.392-03:00Those who do not understand the differences betwee...Those who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.<br /><br />See: <a href="http://rodgermmitchell.wordpress.com/2010/08/13/monetarily-sovereign-the-key-to-understanding-economics/" rel="nofollow"> Monetary Sovereignty</a><br /><br />Rodger Malcolm MitchellAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-55539017079469513112011-07-19T13:40:48.029-03:002011-07-19T13:40:48.029-03:00So when the totality of global debt becomes unmana...So when the totality of global debt becomes unmanageable, who is owed all this money?<br /><br />Might they be encouraged to write it off in the interest of being able to continue playing the game?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-17183295635114372012011-07-03T16:42:01.655-03:002011-07-03T16:42:01.655-03:00The unimaginable scale of global sovereign debt an...The unimaginable scale of global sovereign debt and the knowledge that none of it is owed to anyone off the planet, points to the end of the nation state and its replacement with world government.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-4996366012639654292011-07-01T10:48:36.494-03:002011-07-01T10:48:36.494-03:00Notice how they throw in the spectre of the dreade...Notice how they throw in the spectre of the dreaded "tax evader", leading us to believe that tax evasion has a meaningful impact on why sovereign debt levels have risen. Damn you tax evaders, look at what you've done to the rest of us! Perhaps that's why the mainstream media in the United States is warning American taxpayers that the IRS is waiting on the doorstep to audit taxpayers<br /><br />In the USA it is calculated that there is apprximatley 1 trillion dollars sitting in off shore accounts (personal and corporate) Obama enacted FATCA as a means of repatriating that money taxable at 35-38%. That amounts to 350-380 billion dollars that can go to deficit reduction, repayment of outstanding debt and infrastruture development projects. Corporations are holding that money hostage and will only agree to repatriate it if the tax rate is lowered to 5%. This is unconscionable in my opinionAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-24941153854528758962011-06-21T04:46:58.012-03:002011-06-21T04:46:58.012-03:00woof....woof....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-71007302228059666972011-06-15T09:03:06.729-03:002011-06-15T09:03:06.729-03:00Nigeria borrowed $5 billion and has paid back abou...Nigeria borrowed $5 billion and has paid back about $16 billion and still owes $28 billion because of bias in creditor nations' interest rates. That sounds like a loan shark operation to me.<br /><br />Yes the first world nations rides on the backs<br />of third world. It's called capitalism but<br />the third world has learned....so get ready because you think the US are capitalist hahahaha you have not seen anything until you visit Asia<br />that is the purest capitalism.<br /><br />Who cares it's a dog eat dog world.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-14338744616304150562011-04-18T17:12:49.721-03:002011-04-18T17:12:49.721-03:00I didn't have time to read the whole blog; but...I didn't have time to read the whole blog; but, I have a hard time rectifying that China is an 'emerging economy' and Czech Rep and Slovak Rep are included amongst those in the 'advanced economy' side. Last I heard, China is the number two economy in the world (can't recall whether that is with or without the Euro Zone or whatever). Keeping one's people under state-sanctioned slavery doesn't mean that it is an emerging economy in my eyes. Just sayin'...<br /><br />And let's not forget that those on the 'emerging economy' side tend not to have the debt service of those on the other side - that's because the 'advanced economies' are providing assistance to the 'emerging' ones and also being held to a different standard to 'level the playing field'.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-51046230449799915302011-04-16T05:06:04.655-03:002011-04-16T05:06:04.655-03:00Um, scrutinised by who exactly Paul? And who exact...Um, scrutinised by who exactly Paul? And who exactly sits on the jury, and who decides who sits?Alexnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-77265216964303293132011-04-13T11:43:25.466-03:002011-04-13T11:43:25.466-03:00A wealthy person is accused of corporate fraud, he...A wealthy person is accused of corporate fraud, he hires the best lawyer, or lawyers, to find the right jury that would decide his fate. Why doesn't the government have a jury pool system to decide the future leaders, or politicians. <br />I propose that the political arena have a jury pool type system to decide who should run for government. No more nepotism in government. Every person should be scrutinized thoroughly before they run for public office. No former witches, or sons of former presidents, should be tolerated. After al, if you want to run a major company, you hirer a headhunter to get the quality person for the job. The same should go for politics.Paul Collinshttp://www.myspace.com/authorpaulcollinsnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-43156348344638886332011-04-11T18:19:53.471-03:002011-04-11T18:19:53.471-03:00Anonymous:
Can you substantiate your claim that no...Anonymous:<br />Can you substantiate your claim that no one counts what is lent to other countries and not paid back with an objective source?<br />When you say all debt is not equal, you have a point.<br />The federal government lists 4 levels of debt obligations, with level 1 being the strongest obligation to pay back, and level 4, the weakest.<br />Debt held by the public, which is debt held by entities outside the federal government is level 1. This includes, of course, debt we owe other countries.<br />Level 4 debt includes intragovernmental holdings debt, debt one agency of the federal government owes to another. Debt held by the public is also considered more serious debt by many of the economists I have read, while intragovernmental holdings is frequently not even mentioned as part of our debt.<br />It is interesting to note that future Social Security and Medicare payments are part of inragovernmental holdings debt, and thus is the government's weakest obligation to fulfill.<br />I think most Americans would be shocked to know of this.<br />Don LevitDon Levithttps://www.blogger.com/profile/02497731736648561272noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-34158834530642534892011-04-11T15:52:39.533-03:002011-04-11T15:52:39.533-03:00You story would be more interesting if youhad incl...You story would be more interesting if youhad included themoney flows betwencounties. some one has to buy that debt. So who is it?<br />Second, even given the debts, no one also counts what is owed to others-that is what has been lent to other countires and not yet paid back. So the debt contest is not complete-because if the owed fund were paid back some of the debt would be self liquidating-and that would be a truer indication of where a county stands.<br />Third-all debt is not equal-tha tis to say it is due on a schedule of repayemts. And interest is not the same on all loans. Yet almost everyanaylisis of debt I've seen lumps th ebaby in with the bathwater. Youjust yell "debt" and the world craps in its pants. Another point ignored is the why of debts- a debt to finance a war is different than thatof finanicng a railroad or dam to generate electricity. Debt to allow a goverment to feed straving people is differnt than fianicing a militarybuild up.<br />NOne of these is at all adressed in you atricle.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-9810451548251811052011-04-11T13:11:01.465-03:002011-04-11T13:11:01.465-03:00"The IMF has calculated that the average gros..."The IMF has calculated that the average gross general government debt-to-GDP ratio for the world's advanced economies will rise from 91 percent at the end of 2009 to 110 percent in 2015, an increase of 37 percentage points since the beginning of the Great Recession."<br /><br />Is 37% actually 21%? ([110-91]/91 * 100) or am I missing something?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-49373335447647553392011-04-11T10:56:40.710-03:002011-04-11T10:56:40.710-03:00Excellent, many thanks for this. I have long been...Excellent, many thanks for this. I have long been pondering global debt-to-GDP and where the tipping point is. At what point does it become unsustainable for the planet? With individual sovereigns it is easier to understand but globally more difficult. How much debt is too much for the planet....Anonymousnoreply@blogger.com