Read Fed's Fisher.....Goldilocks will drown soon !!!

Quote from Jayford:

Big difference between NZ and US is that kiwis can leave to avoid paying high taxes, Yanks cannot. Americans are taxed by the good ol USA no matter where in the world they live (only industrialized country to do this). To get out of these taxes, one must give up citizenship, something Yanks are loathe to do at any price. The US makes even this event very difficult. If you are making good cash, they will state that you are only leaving to avoid taxes, therefor, will continue to tax you for 10 more years.

This is why you have individuals such as Marc Rich, that just moved all assets to Switzerland, and then said "fuck you US government". Granted, he can never come back, but I don't think he loses sleep over it.
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Jayford,

I know several offshore Americanos who have creatively and legally reduced their IRS obligations.
You will find solutions on the net.


regards
f9
 
Quote from jficquette:

At some point Social Security will become means tested and eventually asset tested.

This is why the Fed will not let the stock market crater because it will do what ever it takes to keep the 401k's going strong.

It is also why they will do whatever in their power to keep housing values up.

John
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One thing let's be clear on, and that is that the problem of unfunded future social security commitments is absolutely trivial and is easily fixed in comparison with the medicare problem and out of control "subsidy of the military industrial complex".

Observe that Soc.Sec. is an entirely government program, whereas medicare is a government program held hostage to the FDA-AMA-AHA-Big Pharma-Insurance-industry cartel. Of two obvious paths the US might follow:1. nationalize medical care and socialize the entire system to single payer, or 2. Break the cartel, deregulate medicine, and create a free-competition delivery system based on the principles of capitalism, i personally would much prefer the latter.

There is at least one certainty: Something must be done, and it will be.
 
What am I missing here?
He says " Even the perception that the Fed is pursuing a cheap-money strategy to accommodate fiscal burdens, should it take root, is a paramount risk to the long-term welfare of the U.S. economy. The Federal Reserve will never let this happen. It is not an option. Ever. Period."
That is exactly what the Fed has already done and is continuing to do. You are currently going out of your way to do it, and at the same time say it is "not an option"?
 
Quote from opt789:

What am I missing here?
He says " Even the perception that the Fed is pursuing a cheap-money strategy to accommodate fiscal burdens, should it take root, is a paramount risk to the long-term welfare of the U.S. economy. The Federal Reserve will never let this happen. It is not an option. Ever. Period."
That is exactly what the Fed has already done and is continuing to do. You are currently going out of your way to do it, and at the same time say it is "not an option"?
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the Fed. is drinking the bong water.
 
Quote from opt789:

What am I missing here?
He says " Even the perception that the Fed is pursuing a cheap-money strategy to accommodate fiscal burdens, should it take root, is a paramount risk to the long-term welfare of the U.S. economy. The Federal Reserve will never let this happen. It is not an option. Ever. Period."
That is exactly what the Fed has already done and is continuing to do. You are currently going out of your way to do it, and at the same time say it is "not an option"?
More...

Very clever, those Fed bastards! If they say, "it can never happen", most of us sheeple wipe our brow and go "whew.. glad I don't have to worry about that".

Then of course they just keep on doing what they promise they never will. So long as we buy it, problem solved...
 
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