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Let’s start off with a definition. What is exactly is a ponzi scheme? There’s wikipedia definition. In a nutshell newer investors are required to continually payoff the existing investors. When(not if) this fails everybody looses. Many government programs are variations of this….most pension funds are variations of this as well as the ACA. Right now… Read more
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God is good. I got my first paycheck from my new job and it alone is almost what i normally make in one month. I started the day with $1995 in my account and as i walk in the door this evening i have…$523 left. The vast majority of that is bills that have been… Read more
Sorry you have no rights to view this entry!
Sorry you have no rights to view this entry!
College financing is a scam…and it automatically puts parents as co-signers if said parents fill out FASFA.
The gov’t has now made education a total financial debt trap not just for the students but the parents as well. IF you fill out the FASFA form you are co-signing for your child’s student debt. since there is a high high chance of default the gov’t can(and will) come after the parents income…however that… Read more
I talked about this a while back. I had warned that obama is going to come after retirement accounts. I warned about this back in 2012. We can trust obama and/or the gov’t right? Socialized medical care was supposed to save us money right? How did you like the premium increases? Nice savings. As long… Read more
According to the National Review Hotline, Kathrina Tugadi owner of Seattle’s El Norte Lounge, no longer hires musicians for her restaurant, she said she can’t justify expenses that don’t directly “add to the bottom line.” And, she says, hours will have to be cut: El Norte Lounge plans to stop serving lunch and only serve… Read more
An on-again, off-again move by the Obama administration to scrap the federal gas tax in favor of a pay-per-mile fee would boost the tab to Americans as high as 250 percent, raising their current tax of 18.4 cents a gallon to as high as 46 cents, according to a new government study. But without a… Read more
this so called ‘fiscal cliff” is merely a smokescreen for the Obamacare taxes that start kicking in from now until 2014. Even if lawmakers somehow stop the Bush-era tax rates from expiring, taxes are still expected to rise on Jan. 1 — thanks to a trio of new fees tied to the federal health care overhaul.… Read more
I’m looking at putting a 250k ceiling on my earnings right now too..i’m nowhere near that but if that’s what i have to do to avoid a 50% increase in taxes that’s what i’ll do. Instapundit » Blog Archive » SO YESTERDAY’S DISCUSSION OF MARGINAL TAX RATES raises a thought: In today’s freelance economy,… Read more
If you have any kind of gov’t aided pension like roth or 401k..anything tax free…get that money out now…otherwise the gov’t is going to take it within the next 4 years. Maybe 8 if Obama amends the constitution for a 3rd term. A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s… Read more
Well now. I suggest folks you read the entirety of the article because this first paragraph only gives you a taste. it is very interesting that in the first bankruptcy the Teamsters union was part of an investment group that tried to buy hostess. Perhaps one of the most interesting aspects of the just… Read more
Who Needs to Wait Until 2014 for Obamacare Loses: Obamacare Is About To Whack Personal Income in [Market-Ticker]
Several restaurants, hotels and retailers have started or are preparing to limit schedules of hourly workers to below 30 hours a week. That is the threshold at which large employers in 2014 would have to offer workers a minimum level of insurance or pay a penalty starting at $2,000 for each worker. The shift is… Read more
The below isn’t bold it’s nearly stupid. If you are using a gov’t mechanism to get around your entity having to pay taxes you shouldn’t be surprised when said gov’t pulls on your chain..because you’re wearing one! If you don’t want the gov’t “interfering” then give up the npo and you can freely talk about anything you want. Some pastors… Read more
This is SOOOOOOOOOOOOO True..in every single word. Obamacare Summed Up in One Sentence – YouTube.
Read the entire article. It’s breathtaking. Sunday will mark the start of the 100-day countdown to “Taxmageddon” – the date the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2013: First Wave: Expiration of 2001 and 2003… Read more
These pastors are forgetting you are using a gov’t instrument to get around paying taxes. Because you are using a gov’t instrument the gov’t can most assuredly do this. Want freedom from gov’t interference? Drop your NPO status voluntarily. if you are paying taxes as per the laws of the land you can preach anything you want. More… Read more
I am going to cross post this to both blogs as this affects me both as a person and a business man. Now consider this — the PPACA sets forth a “fine” (tax) of $2,000 per employee for a business that has 50 or more and does not provide “at least” the minimum “insurance”… Read more
This bill will do nothing to folks such as those mentioned in this article. It will only increase the flight from our country and they will all raise the middle finger since they’ll never have to come back to this country nor touch any operations that have any kind of business nexus in it either. F-U money is what… Read more
See how the lie is set up? The premise put forward — that everyone needs medical attention at some point, and virtually everyone needs insurance to pay for it, is put forward as a “fait accompli” without first asking the following questions: Has it always been this way? Can you, for example, show us that health insurance… Read more
I’ve spoken about this kind of thing before. While the federal government and the Catholic church wrestle over healthcare-required contraception and abortions, city and county governments may have found a unique method of backdoor taxation on nonprofits. They simply double the water bill for churches and schools. That’s the focus of a court case… Read more
COMMENTARY | President Barack Obama’s Secretary of Energy Stephen Chu uttered the kind of Washington gaffe that consists of telling the truth when inconvenient. According to Politico, Chu admitted to a House committee that the administration is not interested in lowering gas prices. Chu, along with the Obama administration, regards the spike in gas prices… Read more
it is nothing to do with gas supplies…they are actually on the rise. it is due to the destruction of our dollars value. Tickerguy’s Missive To The American People: Gas Prices in [Market-Ticker].
So the banks first get away with illegal fillings and bogus documents. they then foreclosed while committing Perjury in court. They have to pay 25 billion TOTAL. What’s the real cost? Over 1 TRILLION in bad documents. Granted some homeowners made their own bed..but there are many many cases that are easily searchable on Google whre the banks… Read more
Not much needs to be said by me. Hit the link. Fraudclosure — You Have Been Sold Out in [Market-Ticker].
Ah yes class warfare at it’s best. None of these nimrods care about one thing… soaking the rich(of which all of these folks are) ever works. Why? They have the ability to move themselves and/or their wealth offshore. These fools know good and dern well that this strategy isn’t going to work because it has already failed many times over. It is… Read more
Many of the folks in this prof’s class believe in some outrageous things. Welcome to the products of our socialistic, atheistic public education system. If This Does Not Change NOW We’re Finished in [Market-Ticker].
US Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP, $14 Billion From Breaching Debt Ceiling | ZeroHedge
The US now owes more than it makes. Very few options are now available to our gov’t. While not news to Zero Hedge readers who knew about the final debt settlement of US debt about 10 days ahead of schedule, it is now official: according to the US Treasury, America has closed the books… Read more
To All NPO’s…..If You Use A Government Instrument to Avoid Paying Taxes The Government CAN Do This Type of Thing
If you don’t want the gov’t or any other entity to be able to interfere with you then don’t use their vehicles to avoid paying taxes or get around regulations they also enforce. Otherwise they do have the right to regulate your behavior while using said instruments. If you truly want to be free then… Read more
If so — if this is really about “the 99%” — then you need to understand a few things. Some of you already do. To those, this article is redundant. To the rest, and to the majority of the people in this nation, it is not. Last night I appeared on Dylan Ratigan’s show. You can… Read more
I’m no fan of hte abuses of the IRS but these pastors are forgettign one thing. You are using an IRS regulation to avoid paying taxes( the 501 (c) series). If you are taking government funds or using govt regulations to get around something you can expect the government to exercise it’s monetary authority over you. If you… Read more
Bank of America is going bye bye…and guess who is the executioner? AIG. This time AIG isn’t the purveyor of bad assets they are trying to recover bad assets from Bank of America. Combine this with one of BAC biggest pumpers has dumped them and with BAC’s stock now directly tied to it’s cash reserves… Read more
If you want things to improve in this country in terms of the federal gov’t WE the people need to quit voting these idiots back into office. Let’s start with who’s fault it is not: S&P. To recap: S&P warned early in the year that there was a risk of a downgrade. S&P, when the debate was entered… Read more
READ the entire article…don’t just skim it. I have put only a small snippet in here. Bang the link and read….the things laid out in this article are the ONLY way we are going to keep our nation. To the “Tea Party” that was crowing about how they were “successful”, how does that success taste? Half… Read more
http://www.c-spanvideo.org/program/SenRe/start/14756/stop/16376 Hit the above link to listen to Senator Coburn of OK bring out the truth of the so called debt reduction bills. I am sitting here watching Senator Coburn on the floor of the Senate speaking the truth that I brought up yesterday with the Boehner bill (and Reid’s too) – that they’re scams.… Read more
You’re NOT going to get what you want Harry. You need to read the damned Constitution. ALL REVENUE BILLS MUST ORIGINATE IN THE HOUSE. YOUR chamber has failed to pass a budget for the last two years. YOUR chamber has repeatedly violated the Constitution by refusing to do so. YOUR chamber is a public disgrace… Read more
The Secret of Oz – English – FREE.mov – YouTube.
SR 20 – The Debt Ceiling Debate – YouTube.
SR 19 – U.S. Debt Limit – YouTube.
If your bank suddenly comes to you to “adjust” your mortgage without you asking tell them to pound sand…the next thing you do is make them prove they actually have all of the paperwork. There’s several ways to do this…i would highly suggest enlisting a real estate attorney. More and more mortgages are turning out to be frauds pushed by the banks… Read more
Get ready folks. If you have a job have a backup plan…now. The instant the treasury has a failed bond auction they’ll have to raise rates. One they do that all the cheap borrowing goes away….then things get ugly. The U.S. Treasury next month will go back to relying on the kindness of strangers like never before to purchase the nations burgeoning… Read more
For nearly 8 years now I have been working two jobs…one mowing grass and my business…Emmanuel Computer Consulting. This dual arrangement worked for a while but recently it became clear I needed to concentrate on my business as client calls were beginning to interfere with my ability to fully perform my duties as a field supervisor at my other job. I have the… Read more
The Control of Nature: Atchafalaya : The New Yorker.
So they increased taxes and “cut” services while spending 10 million more in the next budget. Souds to me they did not do a whole lot in reductions. Cuts to personnel and services were combined with projected increases in income tax revenue to balance the budget, which is $10 million larger than this year’s. The county… Read more
Our bed broke more than 6 months ago. This past weekend we went to mattress wharehosue in Frederick and it was a highly unpleasant experience. The first salesman was kind enough until we wanted time to think about it..he then sent us to his closer who was scary looking and pushy. When we would not… Read more
Wal-Mart tried to leave it’s base that had made it the retail juggernaut. It’s now paying for these decisions greatly and is now trying to turn itself around. The question is…can it regain those customers again? Wal-Mart’s struggles are the result of a misstep: To jump-start lethargic growth and counter the rise of competitors such as cheap-chic… Read more
American Fiscal And Monetary Policy – MarketTicker Forums.
Approved Applications for Waiver of the Annual Limits Requirements of the PHS Act Section 2711 as of December 3, 2010 | HHS.gov
Lots of waivers for Obamacare. If this plan is so great why the ever growing number of exceptions to this wonderful plan? Approved Applications for Waiver of the Annual Limits Requirements of the PHS Act Section 2711 as of December 3, 2010 | HHS.gov.
Considering the waste the FCPS board has overseen in the past 5 years..it’s time to tell the money addict no. Since the county is already struggling to pay it’s current bills is adding 33 million to a deficit of 11.8 million a good idea? Mr. Young please? Frederick County Public Schools officials are calling for a $33 million increase… Read more
In a decision that may slow foreclosures nationwide, Massachusetts highest court voided the seizure of two homes by Wells Fargo & Co and US Bancorp after the banks failed to show they held the mortgages at the time they foreclosed.Bank shares fell, weighing on broader stock indexes, on fears the decision could threaten lenders ability… Read more
If you have a 401K get out of it…yesterday. it’s only a matter of time before the US gov’t does this as well. France, Ireland and Hungary Seize Pensions As Part of Move By Governments to Use Long Term Assets to Fill Short-Term Deficits ? Washington’s Blog.
The Commercial No Network Will Air – MarketTicker Forums.
This is a huge report. Read EVERY page. Now the courts are involved int he fraud. If it’s happening in Florida it’s everywhere folks. check on your own mortgage immediately..make sure you have the paperwork on your own. Don’t depend on the mortgage brokers to have their copy. The foreclosure lawyers down in Jacksonville had warned me, but I was skeptical. They told… Read more
Janet Tavakoli On Bank Foreclosure Fraud – MarketTicker Forums. Janet Tavakoli on Bank Foreclosure Fraud from David Fry on Vimeo.
FOXNews.com – Do Kids Count? Insurers Stop Selling Child-Only Policies Ahead of ObamaCare Provisions.
the banks listed had dedicated units for laundering money through the us banking system. Yet they get to settle… why are they still doing business in this country? Market-Ticker – MarketTicker Forums.
All you Self-employed or SMB folks read up. The new credit card regulations do NOT apply to you so get ready for the banskters to s art ripping you off as well. If you don’t have a “professional” card get ready to see a flood of credit card offers. Do what I have done and stay away from these altogether. Banks… Read more
It was actually an idea floated by the economist whose failed theories haunt us today. Read the linked article for more. It’s getting closer folks..one world currency..etc etc etc. U.S. Postal Service Starts Quoting SDR to Dollar Conversion Rates, and IMF Endorses Replacing Dollars with SDRs ? Washington’s Blog.
Government wants your 401k. The gov’t is going tos tart converting your 401k to bonds. Guess what happens when the US debt load(currently at over 25 trillion or more) get too big? The gov’t defaults on the bonds and your retirement is worth bupkis. Karl Denninger over at the market ticker called this last year that… Read more
Kidan on facebook posted about this. This is what is coming here..get ready. Axe falls on NHS services – Telegraph.
Just from a financial standpoint the answer could very likely be no. Karl really analyzes the numbers and comes up with some results that might just surprise you. The Case For And Against College – The Market Ticker ®.
I am already telling my wife to get her money OUT of 401k’s and other vehicles specifically because of garbage like this. The next step the gov’t is going to do is they will seize all tax free ira’s…convert them to US treasuries(aka bonds) and say if you want it that’s what you have to do. These bonds… Read more
Karl’s comments are italicized. I have to agree this kid is voluntarily unemployed. The daily routine seldom varied. Mr. Nicholson, 24, a graduate of Colgate University, winner of a deans award for academic excellence, spent his mornings searching corporate Web sites for suitable job openings. When he found one, he mailed off a résumé and cover letter four… Read more
The Fallacy Of “Record Corporate Cash” – The Market Ticker ®.
Super-low interest rates also ensure that the big banks, fated to be wards of the government if the new financial reform becomes law, will have generous margins between their borrowing costs and lending revenues. This will enable them to further pad their balance sheets and correct the mistakes of yesteryear. …. There’s a flip side,… Read more
This is a very interesting read…and much truer than most folks will ever admit. Regardless of what one thinks of the left-leaning Obama voters, it is eminently clear that they did not vote for a Vietnam-like expansion of the war in Afghanistan. Nor did they vote for the assassination of American citizens without trial, government… Read more
the Law of Unintended Consequences via And another underground business is born.
Cramer Calls Market “Stupid, Rapacious, Arbitrary, Capricious And Downright Ridiculous”, Tells Viewers To Stay Out | zero hedge
It took him long enough..:) Cramer Calls Market “Stupid, Rapacious, Arbitrary, Capricious And Downright Ridiculous”, Tells Viewers To Stay Out | zero hedge.
On or about Jan. 1, 2011, federal, state and local tax rates are scheduled to rise quite sharply. President George W. Bush’s tax cuts expire on that date, meaning that the highest federal personal income tax rate will go 39.6% from 35%, the highest federal dividend tax rate pops up to 39.6% from 15%, the… Read more
AT&T Just Killed Unlimited Wireless Data and Screwed Everybody in the Process. Ah yes. It continues. Now that AT&T has everyone by the shorthairs they do what any myopic company does..milk their clients dry until they have no clients. Read the linked article as Verizon intends to do the same thing eventually.
Soldier in Iraq Loses Home Over $800 Debt | Mother Jones. This is NOT an isolated incident. There are many and a quickly growing number of incidents of HOA’s running rampant. The problem is..they are a contract between yourself and a private entity. since you voluntarily entered into it…there’s not a ton you can do but hope… Read more
Tea party claims a scalp.
Oh REALLY?!?!?! How much of your paycheck are you willing to donate to this cause Max? I know the answer..ZERO! This is simply to suck money out of everyone and give it to folks like you. It’s unfortunate that many folks in the country through their lack of self-thought and research will actually let this… Read more
Medicare gets eviscerated over the next decade. While i don’t have the specifics yet I found this which goes into some detail about what’s going to happen. All you seniors who are members of AARP who either directly voted for this OR indirectly voted by remaining in AARP here is your reward. This goes for… Read more
Consequences Of Health Care: Valuations – The Market Ticker. Read this linked article closely. Where are the healthcare savings at? There are none! It gets worse. The companies taking charges is growing exceedingly rapidly. More articles on the already unfolding impacts: 1 2 3
This Is How It Begins Wanton Violence – The Market Ticker. This is an interesting perspective. If this is true then it’s only the beginning of the people’s response to this loooooong term raping of the American public. I am watching the news conference and the Austin PD is stone walling reporters even when Federal… Read more
Greetings to all, I just had to comment on this. To find the story, here is the link: http://www.humanevents.com/article.php?id=35018#c1 I think I know the direction that Mr Buchanan was heading for. The problem is, I never agreed with his whiny words and policies. Even now, people are still blaming “W” for their woes. You want… Read more
“HAFA” – Foreclosure Warning Dead Ahead! – The Market Ticker. Don’t forget that we have a second wave of massive foreclosures coming Alt-A and Option-ARMS which are going to either reset or recast. Now they are going to send another wave of defaults into the market as per a post I made back in December… Read more
As The Clock (er, Worm) Turns… – The Market Ticker.
You know it’s going to be bad and that the media is lying about how we are done with the recession when they put this stuff out: I like it how Karl Denninger calls cnbc cnbs..msnbc could be msnbs as well. Along with fox, dnn, abc and cbs. With many of our manufacturing jobs permanently… Read more
When, not if, it is you will discover the what I have said all along is the truth purpose of this so-called “reform” – a single-payer system. Here’s how it will happen. 1. Congress will pass and Obama will sign something containing this “individual mandate.” 2. This will generate immediate lawsuits which will begin their… Read more
Did you ever wonder why the United States isn’t even hinted at in the Bible? OPEC is getting their own currency, China is going to head that way. It is only a matter of time now before there is a truly one world currency. To think I saw this on a financial blog hwo is… Read more
After pointing out “three out of five jobs in the state are created by small and family-owned businesses,” O'Malley outlined plans to help businesses gain more access to credit by creating the Maryland Small Business Credit Recover Program which offers loan guarantees; proposed a Job Creation and Recovery Tax Credit to give businesses a $3,000… Read more
The Environmental Protection Agency took a major step Monday toward regulating greenhouses gases, concluding that climate changing pollution threatens the public health and the environment. The announcement came as the Obama administration looked to boost its arguments at an international climate conference that the United States is aggressively taking actions to combat global warming, even… Read more
The real second wave doesn’t hit until the 2010 resets of the rest of the sub prime market(which includes quite a bit of commercial) resets in 2010. Second wave’ of foreclosures continues to rise Wheaton homeowner saved moments before his home goes on the auction block by Amber Parcher | Staff Writer In a matter… Read more
Winners and losers in the GE/NBC Universal/Comcast deal « The Cody Word. It’s an interesting take..and he’s most likely right. the Time Warner/AOL suicide pact was sold the same way this one is being sold. Don’t be surprised if in about 5-10 years this all falls apart with Comcast in bankruptcy or worse.
GM Resignation Open Thread | The Big Picture. I’ll tell you what it is. These folks don’t like being told you are going to run a multi-billion dollar giant, deal with constant gov’t interference, dealing with all the other gov’t regs imposed on your company, and then be told oh yeah you are going to… Read more
A decade ago, the town of New London, Connecticut claimed Kelo’s house by right of eminent domain. The plan was to demolish the residential neighborhood so that Pfizer could built a massive research and development plant on the adjacent land. Pfizer got the land for next to nothing. Five Supreme Court justices upheld the taking,… Read more
99% of all of our issues are due the gov’t doing things that are against the US Constitution. Here is just a few of them: 1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments. Verify at: http://tinyurl.com/zob77 2. $2.2 Billion dollars a year is spent on food… Read more
First let’s read about the new bills the dems have announced: WASHINGTON — House Democrats scrambling for ways to pay for overhauling health care would raise taxes on the wealthiest Americans to levels not seen since the 1980s, breaking one of President Barack Obama’s campaign pledges. The tax increase would be limited to the top… Read more
Banks: Here Come The OptionARM Blowups! – The Market Ticker. Meant to post this yesterday.
Mr. Nocera (And Regulators): WAKE UP! – The Market Ticker. I have been talking about this for a long time.
School board cuts diving, trims some games./ That figures. HOw about cutting the 52% of the overlal budget that is going to administrative pay?!?!?! Get rid of some of the fatcat’s overpayments at the top and sned that back down to the schools instead of cuting school functions.
On that date, a House financial services subcommittee plans a hearing on mark-to-market accounting rules, which have been blamed for forcing banks to report billions of dollars in write-downs. Karen Finerman has long been an advocate of putting these rules on hiatus for a while and “letting the banks breathe.” It’s been widely revealed that… Read more
Fed Launches $200 Billion Consumer Credit Program – Economy US News Story – CNBC.com. oh yes..let’s get a loan directly fromt he gov’t. I am sure these are going to have some serious onerous terms in it. HOnestly with all of this gov’t intervention bo is doing it seems to me he is relaly trying… Read more
Remarks Of TickerGuy – The Market Ticker.
After running into the previous finance post I made with Ron Paul i went digging a bit and found the following video. it quite clearly illustrates what our money system really is..a giant fraud. The high quality mp4 is here.
You can download it here. The streaming link is below.