Why have we lost so many jobs overseas over the past 30 years? #FairTax #sgp #tcot #migop #ocra #safie

FairTax is a tax neutral shift in structure from a mandatory tax on product to a voluntary tax on consumption. FairTax has nothing to do with how we spend, just on how we collect. Read this link completely and then ask yourself if it is wise to go from a closed border trade to open border trade and not change the closed border tax structure. Read this:

http://fairtaxblog.org/480/

“The U.S. Is Alone” And Why It Hurts

Posted on May 2, 2014 by FairTax Admin

 “The tax rate of 35 percent is impossible to provide an incentive to the large corporations, that have $1.7 trillion offshore, to put their money back in the United States.” – Frederick W. Smith

In March of 2011, Pfizer Pharmaceutical CEO Ian Read told The Wall Street Journal, “There should be a tax rate that allows us to compete… in the global marketplace.”

Later that year, H.R. 25, “The FairTax Act” co-author and economist Dan Mastromarco testified before the Joint Economic Committee that America’s corporations were paying “a national statutory marginal [tax] rate of 35 percent, which masks the fact that the return on capital is taxed repeatedly. These rates impose efficiency costs of as much as $728 billion.”

Mastromarco added, “The U.S. is alone in applying its punishing rates – the highest in the OECD and 50 percent higher than the average OECD rate of 23 percent — to domestic and foreign earnings alike.”

Congress failed to heed these and other warnings and as a result, a flood of companies has continued move their production and headquarters operations outside the United States.

- See more at: http://fairtaxblog.org/480/#sthash.PdsrUyM0.dpuf

Fed floats way to drain money from economy - Stocks & economy- msnbc.com

There are times when the enemy media gets so complacent, they will say or reveal a truth which sheds light on another.  In the case of this article, we find the Feds thinking that when the economy gets humming, all the money the banks will get would be better served, buried.  So they say.  Who can believe them?

 

It might be that the Feds want to hold down the recovery from starting by siphoning off funds to recover with.  What?  How could I say such an thing?  Based on how the Fed. govt created the crisis and how they attempted to fix it by transfusing the head, when it is the feet dying.  How the Feds continue the draining of the American economy, weakening our station in the world, like they have a game plan to take over the world through this NWO.  A strong America stops this from happening. 

 

Then again, it might all be coincidence, all of it?  Someone turn on the light and send these bugs into their darkness.  Transparency of the Federal Reserve may hurt in the beginning, but in the long run, America will once again be the beacon of liberty and freedom.  But let this nest of vipers continue and we will be the swamp for the would to languish over how now they have fallen to our demise, don't that make us feel better?  Sad to say, the majority of selfishness in the world has lost hope under the socialist regimes and once the USA is collapsed, their hope fades even more. 

 

If we do not get the FairTax in place this year, recovery will continue to elude the USA and the depth from which we recover from starts to multiply greatly in a spiraling fall.

 

George

----- Original Message -----

From: glenn

To: mikehuckabee-7@meetup.com

Sent: Tuesday, December 29, 2009 1:17 AM

Subject: Re: [mikehuckabee-7] Fed floats way to drain money from economy - Stocks & economy- msnbc.com

wait a minute....a HUCKABEE fan was reading msn????? might I ask what possessed you of this?

-glenn

On Mon, Dec 28, 2009 at 3:32 PM, Camille Johnson <camillejohnson@msn.com> wrote:

 

http://www.msnbc.msn.com/id/34611965/ns/business-stocks_and_economy/

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WOW, Whose minding the Store in DC

Read end first if you want, wow!

 

George

 

----- Original Message -----

From: Frank Ells

To: undisclosed

Sent: Saturday, December 05, 2009 7:49 PM

Subject: FW: WOW

Part of why our taxes are so high

 

Someone has to report this outrageous conduct. The news media spends to much time on Tiger and not enough time on import subjects as stated below.
 

 

 

Somebody spent a lot of time putting this together..... .                         Pretty good summary of what is known - how much more is hidden?   $34,000: The amount of federal taxes that Secretary of the Treasury Timothy Geithner (D) failed to pay during his employment at the International Monetary Fund despite receiving extra compensation and explanatory brochures that described his tax liabilities.   True:  http://www.cleveland.com/nation/index.ssf/2009/01/timothy_geithner_obamas_nomine.html  $75,000: The amount of money that the  head of the  powerful tax-writing committee, Rep. Charlie Rangel (D-NY), was forced to report  on his taxes after the discovery that he had not reported income from a   Dominican Republic rental  property. His excuses for the failure started with blaming his wife, then his accountant and finally the fact that he didn't speak Spanish.  True http://www.nypost.com/seven/09102008/news/regionalnews/rangels_spanish_excuse_128444.htm  $93,000: The  INCREASE in the amount of petty cash each of our Congressional representatives voted to give themselves in January 2009 during the height of an economic meltdown. That's a $40 + million INCREASE!   http://gatewaypundit.blogspot.com/2009/01/its-recession-congress-gives-lawmakers.html  See video here from Fox $133,900: The amount Fannie Mae "invested" in Chris Dodd (D-CT), head of the powerful Senate Banking Committee, presumably to repel oversight of the GSE prior to its meltdown. Said meltdown helped touch off the  current economic crisis. In only a few years time, Fannie also "invested" over $105,000 in then-Senator Barack Obama.   True:  http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html  $140,000: The amount of back taxes and interest that Cabinet nominee Tom Daschle (D) was forced to cough up after the vetting process revealed significant, unexplained tax liabilities. True:  http://online.wsj.com/article/SB123335984751235247.html?mod=googlenews_wsj   Wall Street Journal $356,000: The approximate amount of income and deductions that Daschle (D) was forced to report on his amended 2005 and 2007 tax returns after being caught cheating on his taxes. This includes $255,256 for the use of a car service,  $83,333 in unreported income, and $14,963 in charitable contributions.  True:  http://online.wsj.com/article/SB123335984751235247.html?mod=googlenews_wsj  Wall Street Journal $800,000: The amount of "sweetheart" mortgages Senate Banking Chairman Chris Dodd (D-CT) received from Countrywide Financial, the details for which he has refused to release details despite months of promises  to do so. Countrywide was once the nation's largest mortgage lender and linked to  Government-Sponsored Entities like Fannie Mae and Freddie Mac. Their meltdown precipitated the current financial crisis. Just days ago in  Pennsylvania , Countrywide was forced to pay $150,000,000 in mortgage assistance following "a state investigation that concluded that Countrywide relaxed its underwriting standards to sell risky loans to consumers who did not understand them and could not afford them."  True:  http://rightvoices.com/2008/08/21/more-sweetheart-loan-details-on-senator-chris-dodd-d-ct-chairman-of-the-senate-committee-on-banking-housing-and-urban-affairs/  $1,000,000: The  estimated amount of donations by Denise Rich, wife of fugitive Marc Rich, to Democrat interests and the William  J. Clinton Foundation in an apparent quid pro quo deal that resulted in a pardon for Mr. Rich. The pardon was reviewed and blessed by Obama Attorney General and then Deputy AG Eric Holder, despite numerous requests by government officials to turn it down.   True:  http://articles.latimes.com/2008/nov/20/nation/na-holder20  $12,000,000: The amount of TARP money provided to community bank OneUnited despite the fact that it did not qualify for funds, and was "under attack from its regulators for allegations of poor lending practices and executive-pay abuses."  It turns out that Rep. Maxine Waters (D-CA), a key contributor to the Fannie Mae meltdown, just happens to be married to one of the bank's former directors.   True:  http://online.wsj.com/article/SB123258284337504295.html  Wall Street Journal $23,500,000: The upper range of net worth Rep. Allan  Mollohan (D-WV) accumulated in four years time according to The Washington Post through earmarks of "tens of millions of dollars to groups associated with his own business partners."  True:  http://www.washingtonpost.com/wp-dyn/content/article/2006/05/14/AR2006051401032.html   Washington Post $2,000,000,000: ($2 billion) the approximate amount of  money that House Appropriations Chairman David Obey (D-WI) is earmarking related to his son's lobbying  efforts. The son, Craig Obey, is "a top lobbyist for the nonprofit group" that would receive a roughly $2 billion component of the "Stimulus" package.   True:  http://www.newwest.net/topic/article/a_plan_for_stimulus_money_national_parks/C530/L37/  and this as a list of these related stories:  http://search.yahoo.com/404handler?src=news&++++fr%3D404_news%26ref%3Dhttp://directorblue.blogspot.com/2009/01/obama-democrats-by-numbers.html&url=http://news.yahoo.com/s/ap/20090129/ap_on_go_co/stimulus_national_parks_2  $3,700,000,000: ($3.7 billion) not to be outdone, this is the estimated value of various defense contracts awarded to a company controlled by the husband of Rep. Diane Feinstein (D-CA). Despite an obvious conflict-of-interest as "a  member of the Military Construction Appropriations subcommittee, Sen. Feinstein voted for appropriations worth billions to her  husband's firms."   True:  http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/04/22/MN310531.DTL  $4,190,000,000: ($4.19 billion) the amount of money in the so-called "Stimulus" package devoted to fraudulent voter  registration ACORN group under the auspices of "Community Stabilization Activities". ACORN is currently the subject of a RICO suit in  Ohio ...  True:  http://www.ocregister.com/articles/stimulus-economy-percent-2295331-bill-pelosi  $1,646,000,000,000  ($1.646  trillion): The approximate amount of annual  United States exports endangered by the "Stimulus" package, which provides a "Buy American" stricture. According to international trade experts, a "US-EU trade war looms" which could result in a worldwide economic depression reminiscent of that touched off by the protectionist Smoot-Hawley Act.     True:  http://www.asiaing.com/2008-national-export-strategy-the-new-global-main-street.html  and http://www.powerlineblog.com/archives/2009/01/022685.php  Background:  Smmot-Hawley Act:  http://en.wikipedia.org/wiki/Smoot-Hawley_Tariff_Act  It's becoming a culture of corruption and  stupidity.  In addition, these folks appear to be above the law.  All of the aforementioned are still in office, living  like the royalty they think they are.  Remember: This all happened in just the FIRST QUARTER, folks!

 

 

 

 

 

 

The War of the World currency

The below news articles are foretelling of the battle in the World over a World currency and to whom it will move to, if at all. Presently, the U.S. Dollar is the preferred currency, but the value of this dollar is much weaker then the EURO.

The American currency has been inflated tremendously during this current fiscal crisis. As this truth will finally become reality, will it depress the dollar so much that there is a run on it, that all the Nations of the World holding the dollar will try to be the first out of the gate to shed themselves of the deflation that this inflation will cause on their investment holdings?

China, the holder of 30% of the worlds wealth has a different idea. They want to go to a new currency known as the World Reserve currency printed by the International Banking Community. This currency is already in place, since 1931, but has yet to be distributed. The current debate is to administer 250 billion as soon as possible. But with Europe holding 8 of the 20 seats of the G-20, this prospect is in doubt.

The Euro has resisted the need to lower the currency borrowing by the European Reserve, named the World Reserve when the EURO was created. Though their banks are also in dire straights as the rest of the world, their currency is holding fast and as the world pulls out of this foray of fiscal debacle, the EURO will be manifold in strength.

It is a war of a monetary tsunami. The EURO could fail, the U.S. Dollar could collapse, China could lose much of the wealth. Which way will the world turn? Time will tell. As for what I think? Sorry, can't tell you.

• But one fact that makes one wonder is Iceland. They are the first to collapse and they are going to the EURO. Is that the wave that will result?
• Will the U.S. citizen uprising against the totalitarian Federal Government succeed and cause America to isolate from the World's fiscal folly?
• Will Europe be able to sustain the fiscal pressures of the debt on it's shoulders?
• Will China, Russia and those outside of the G-20 succeed in a new world currency?

God knows what the future holds once we have one world order.

R. George Dunn
***

Premier Wants Iceland to Join European Union
New York Times - United States
Ms. Sigurdardottir, 66, argues that membership, together with abandoning Iceland's currency, the krona, for the euro, would provide a shield for Iceland as ...
See all stories on this topic

World Bank, IMF say crisis becoming 'human calamity'
AFP
"No one knows how long this crisis will last," World Bank president Robert Zoellick told a news conference. Although the bank's finances are "in a strong ...

China Vice Fin Min Li Calls For Reform Of Intl Monetary System Wall Street Journal - USA In his speech Sunday, Li noted that the global economic crisis originated from the developed world, as diminishing demand from developed countries "is one ... See all stories on this topic

China Calls for Accelerated Timetable for Reform of World Bank CRIENGLISH.com - Beijing,China "Therefore, we should improve the regulatory mechanism for reserve currency issuance, maintain the relative stability of the exchange rates of major reserve ... The US Rapidly Losing Respect In The World InvestmentWatch By Daniel 'We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,' it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the ... Now, it is losing its ability to fund its military, economy, debt service, entitlements and is rapidly losing respect in the world. They will dump it like a hot potato if they think doing so will give them the one world government they have worked ... InvestmentWatch - http://investment-blog.net/ European Tribune - Community, Politics & Progress. By European Tribune The US Dollar will remain "a" major reserve currency for decades to come, if not the only one. While it is conceivable that the US Dollar will no longer be the dominant reserve currency (whether because the euro increases its share, .... This is also why a world currency won't happen. Since most value still comes from threatened violence and the ability to pillage and dominate smaller countries, a world currency without an army to back it up would be meaningless. ... Time to Short the EuroDollar With Forex Currency Trading? World ... By shidie35 I am sure many think currency trading is easy…however there are huge risks due to the leverage involved. It is not prudent to purchase any forex software or forex system to trade forex.There is a learning curve. One does not become a ...

Federal Reserve Board, the money supply in the United States has increased by 271 percent on the last five months

 

 

COMING NEXT YEAR: OBAMA'S INFLATION

By DICK MORRIS

Published on TheHill.com on March 3, 2009

Printer-Friendly Version

In the last five months, according to the Federal Reserve Board, the money supply in the United States has increased by 271 percent. It has almost tripled.

Have car sales tripled? Home purchases? Consumer spending? Corporate investment? Not only have they not tripled, they have all declined more sharply than they have since at least the recession of 1981-82, and perhaps since the Great Depression.

So where is the money? If it isn't being spent, where is it?

It is being parked, squirreled away. Consumers are using it to pay down their credit card balances, pay off their mortgages, reduce their student loans, make the payments on the car sitting in their driveway -- not the one in the dealer's lot. Businesspeople are buying T-bills, investing the money and saving it. They aren't spending, either.

But one day this recession -- despite Obama's best efforts -- will end and things will begin to look up again. Then we can expect all of this money to come out of its parking space and get back on the highway of commerce. All at once. The inevitable result will be double-digit hyperinflation.

Since the spending and borrowing splurge is not confined to Washington, but is being mimicked all over the world, the inflation will not strike just one country but will be global in scope. The first global inflation in our history (except, perhaps, right after World Wars I and II), it will confront our policymakers with yet another unprecedented challenge and send them back, once more, to their economics texts. There, they will find that the only remedy for global inflation is global recession, a la Paul Volker. Having just emerged from a ruinous depression, nobody will be in the mood for more unemployment, but that is just what will have to happen to cool off the inflation and break the inflationary psychology that is likely to set in.

The point of this gloom and doom is that all this pain is entirely preventable. It will be caused by Obama's excessive spending and trillion-dollar-plus deficits. This spending, of questionable utility in overcoming the current recession/depression, is so far out of line with what the economy can handle that it will do more harm than good when the inflation hits.

Proof that his spending will have little impact on the depression is the vast increase in money supply with no commensurate improvement in the economy. Providing money, via spending hikes or tax cuts, does not guarantee that the money will be spent. Tax cuts can be saved and spending increases, while surely spent once (on the initial project), can rapidly lose their multiplier effect as wage-earners on the government payroll bank their money just like those who get tax cuts will do. Getting out of this economic mess depends on consumer and business confidence, a faith that Obama is eroding with his looming tax increases as rapidly as he tries to kindle it with his excessive spending.

None of this should come as any news to Obama. He likely knows all this. But he is determined to pass his agenda of bigger government, nationalized healthcare and vastly greater spending even at the price of inflation and subsequent recession. He puts ideology first and the economy a distant second.

The stock market has figured out his priorities and is responding accordingly. One can only hope that voters also eventually realize what is going on.

Go to DickMorris.com to read all of Dick's columns!
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