blueblood

Too bad they can't fully capitalize on that with their ridiculous export taxes and farmer strikes in response to that. Oh well their pain is my gain.

Oh joy lets do like the germans did after ww1. Wheelbarrow full of money to the bakery anyone?

And cheap labor.

What??? A scarcity of dollars gives the currency we use more buying power as there is less of it. If you are smart and have money in savings, that's a benefit to you. Prices would go down as a result of people not borrowing to spend on houses and cars, and with less money around to chase.. Over time there would be more production here because over time interest rates would be cut to encourage lending so that the banks won't be gouged paying bondholders/depositors. That's how a bank is supposed to work ideally instead of a central bank engaging in open market operations with frac. reserve banking and arbitrarily setting interest rates. People are trying to save money, why not reward them for it? That's a beauty, high interest rates increase inflation!!!

Pfft!! A flat tax would encourage them to only pay for necessities and to save their money instead of wasting their money. A flat tax also allows those with money to contribute more to the economy instead of the government. Here's an example of a flat tax being beneficial: GDP Growth 2011 Wow, 7% growth, western economies can only dream of growth like that. Here's something you need to realize. There is more to contributing to society than paying taxes. For example I crop 3000 acres of land, half of its grain for bread, the other half is cooking oil. My products feed people. Then there is the inputs I spend to grow the crop. I have charge accounts all over town which supports local businesses. Then there is the money I save in the credit union (more favorable banking conditions for my purposes), which provides capital for other people's loans. Then there is investments which help out other companies. Finally for genorosity there is the people I hire when I need help. At times there will be 3-5 extra guys on. How many people did you hire? Then there is the tax bill, which is far more than the average person dollar for dollar even enjoying the corporate rate. Hell I'm picking up the slack for lots of people. And you want to take more??? How about I sell out my inventory, sell the iron, sell the buildings, seed the land to grass, drive semi truck for a living,, fire my hired help, cancel my charge accounts and live off the interest of my firesale?? Do you think society would be richer if I did that or poorer?

I meant deductions by write offs

And this is why we have advocation for a flat tax. No write offs, just a low rate.

Nope. They met the minimum requirements and there is going to be someone out of them who has better skills. Anyone can be bilingual, few people can manage. If language is an issue there is an app for that or scrounge up one of the many interpreters on the hill.

So? you pick the best one out of the final slate. Competition produces the best results. Everyones abilities are different, not everyone in the nhl is sidney crosby.

The only problem with backstopping deposits is the moral hazard created by banks to act foolishly with money as the depositors/bondholders won't care as the government will bail them out if they make another foolish mistake. If there was no backstopping, there would be more incentive to make proper, sounder loans.

Same goes for being bilingual, there's an app for that! It also works the other way.if the candidate only spoke straight french he/she should get the job. We have interpreters and apps for that!

Holy smokes, starting this thread with a broadside!!! They have to appeal to their base and judging by their seat totals, this kind of attitude is becoming outdated.

And Greece is going to do what to France and Germany and how are they going to pay for it?

At least with the banks their stock/bondholder can at least benefit. With the gov't it goes into a black hole. That one difference is why private enterprise outperforms gov't. That banking system has allowed us the standard of living today, perhaps if it wasn't abused everyone would be better off. I know how the banking system works, that's why Im not in debt and if interest rates take off I'm in a good spot.

I am able to inventory my production for one year. It's stored in bins. That allows me to be a bit of a speculator, and gives me some power. Guys that don't have storage are at complete mercy of the market. As you know it's next to impossible to time the perfect point to sell, which is why you try and sell in increments into the greed part o the rally so you have a much better chance of hitting the peak. It's risky because of opportunity cost. I may have made a profit if I sold at x time, but if the rally continues it ends up costing me money for what I could have sold it for because of opportunity cost. Better to sell into a rally than at a specific point like playing roulette in Vegas. Remember I want to make as much money as possible.

Correct hence the downgrade they received previously.

So you'd rather have the government write it out of thin air? That's even bigger trouble. They only conjure up the money when interests rates are low and the fed engages in open market operations. What about when interest rates rise and there is more savings, with fraction. Reserve banking, they can use people's savings instead of solely the fed. With your idea, it's all arbitrary based upon some bureaucrat with politicians heavily influencing him.

Ah but you make the most when you sell into a long term rally in increments. If it's dancing around and you have inventory to get rid of, it's very hard to time in the perfect sell opportunity. Selling all your production in one shot is very risky and more often than not guys get pillaged. I had about 66% of my production sold in the spring and shorted just before the Greek gong show took place. If Greece gets it's situation " resolved" soon and la Nina jitters up south America/china demand remains voracious, I should be able to do all right in Q1/2. key is not to keep your eggs in one basket.

Nice if your a day trader, but torture if your a commodity producer.

Government based bank that has taxation replaced with interest payments and deposits. The interest rates on the accounts would be microscopic, the interest rates on the borrowed money would be outrageous to fund all of these gov't programs. There is no incentive to be a depositor, and not only that if it were mandatory to put all the money you earned in said bank, you wouldn't be able to access as much as you wanted because all the people with low income would be taking out loans. It would essentially be a 100% tax, and the incentive to produce would be shot down. This is a bad idea, and that's why Washington/Jefferson et. al threw it under the bus.

Quite simply Greece had one hell of a bender. They got liquored up on cheap money and painted the town red. Right now it's about 8:30 in the morning and the hangover express is right on schedule. Now Greece could be like an alcoholic with a hangover and go through withdrawal. Hangover's suck, but it's got to be done to get back to productivity. That hangover is going to be high interest rates and low growth which is going to be resulting in those greeks saving their money. There may be emigration. In the end, prices will fall there, industry will start again, and people will learn their lesson. It's not the end of the world, its just the party is over.

It shouldn't be spending "more" to begin with.

When interest rates shoot up, the banks fill up with cash and need to loan or otherwise they won't be able to pay the depositors, so rates drop and more loans are availible. People who retire and have investments benefit from investments abroad by getting returns on investments. Investing in stocks provides jobs to stock brokers and shorting sends signals to other parts of the economy and the market can adjust accordingly. So I should work and give all my money to the govt? Da comrade

So you believe that an increase in economic production automatically means ramp up spending because there is more money to pay for services. And they wonder why the USA is in financial straits.

So if our economy is rolling, we should throw money at the government because we can afford it? By that logic I should travel around the world this winter instead of save my money. Brilliant!!!