Posted on 08/30/2014 1:34:48 PM PDT by Kaslin
Banks aren't borrowing money from the Fed. When they do, the interest rate the Fed currently charges is 0.75%, they don't pay the banks to borrow.
and charging large financial institutions a fee to park money at the fed.
That's not happening.
We have the highest corporate rate in the world. Raising it would be idiotic.
"Innocent" citizens, who were quite happy to go along with all those financial scams no matter what, so long as their home values and 401K's were skyrocketing, or were otherwise just to lazy and stupid to recognize the future dangers when casting their votes.
Many of those "innocents" were quick to ridicule those who saw the dangerous course the economy was on.
Why?
If you tax something, you get less of it.
Does that include taxing business behavior that is detrimental to America and American citizens?
Does that include taxing business behavior that is detrimental to America and American citizens?
That includes anything.
Is there something you'd like to tax?
Let's start with companies that took government bailouts and with companies that threaten to change their nationality because the government wants to tax them for the damage those companies have done to America.
Okay. How do you word the bill?
and with companies that threaten to change their nationality because the government wants to tax them for the damage those companies have done to America.
You want to further tax companies that think they're taxed too much?
They don't want to leave because of the threat of some "damage tax", they want to leave because our taxation of world-wide income is idiotic.
There was a long story about it in the Wall Street Journal this past week.
You need to catch up with the real world.
When did they start printing fiction in the Journal?
You make the mistake of thinking we owe money. We do not. We owe 17 trillion instruments of debt known as the federal reserve note. Gold is money. We have not owed anyone any money since 1971. Why the world is willing to accept dollars as money is anyone’s guess.
The economy will fix itself if it’s allowed to do so. The problem is that, nowadays, the idea that irresponsible people should be made to pay for their mistakes is considered so horrible that we’re trying to hold up everyone, and the economy was never meant to work at a loss.
And so, by trying to help everyone, the government is just guaranteeing that everyone will fall.
Gold has no intrinsic value either. Its value as a scorecard was as much a social contract as the fiat bills we now exchange. I would prefer a backed currency as well, but its implementation in the current market would have no effect except to possibly accelerate the accounting cycle.
Debating semantics is fine, but it doesn’t change the fact that the notion of money is as inexplicable as love. However you want to define it, a systemic economic collapse will inevitably lead to war. All the gold in the world will not change that.
Because government intervention isn’t meant to solve the problem, but only to protect the powerful. Government’s are political by nature and thus all their solutions are political.
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