The coming financial implosion will be global and on a scale unseen before.....current legislation is quickly being written, here and Europe, to make all bank deposits, including safe deposit box contents, assets of the bank and available for liquidity in a case of bank insolvency, kiss the FDIC goodbye.Yeah yeah, "it's coming".
Everyone into gold!
There, at least, is a somewhat measurable prediction.The last half of this year will be ugly.
this could all be solved very easily by fixing the tax code and eliminating not for profit tax exemptions. You all make me sick. Take away the govenments power and you take away their power to be corrupt. But oh no. You so called conservatives are hanging on to your TEA Party Tax exemption, because now it is your ox being gored. What a bunch of goddamed worthless hypocrits.
Shrug, that's the asset class's worry.
I predict there will be another business cycle, with a downturn and a rebound. Anyone care to bet against that prediction?
There, at least, is a somewhat measurable prediction.
no, you totally missed the point. Why is the IRS powerful? Because they can pick and choose who pays taxes and who can operate tax free? Why does the TEA Party need to operate tax free? If they are making money they should pay taxes just like the rest of us.You totally missed the issue. The problem is the IRS targeted supporters of groups opposed to Obama. See, the IRS is supposed to be non-partisan, but in reality it is staffed by the usual liberal zealots. Now that Obama has authorized widespread lawlessness in the government, they felt free to pretend the were Richard Nizon and use the IRS to go after opponents.
You can bet if they had gone after liberal groups under a republican president, there would have been widespread firings, resignations, criminal prosecutions and probably a president forced to resign or face impeachment.