M
morganist
What did the hippies achieve other than becoming boomers?
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US Has an 'Enormous' Debt Problem: ECB Official
- Thread starter nutmeg
- Start date
What did the hippies achieve other than becoming boomers?
Quote from Kassz007:
I'm no oil expert, but this seems unrealistically low...
the information comes from CEO of Saudi Aramco
http://www.youtube.com/watch?v=GP6DhKGDzek
the biggest corporation on the planet. at least 2x more worth than Apple.
the debt problem is originated by taxing oil.
taxes upon taxes upon taxes.
the more it costs, the more everything cost.
so you have to borrow to meet your needs.
banking and oil sectors are two of the biggest in every economy.
without taxing oil, the banking would have very little money flow.
and debt will not be required, or severly diminished.
banks make profits on debts.
taxes upon taxes upon taxes.
the more it costs, the more everything cost.
so you have to borrow to meet your needs.
banking and oil sectors are two of the biggest in every economy.
without taxing oil, the banking would have very little money flow.
and debt will not be required, or severly diminished.
banks make profits on debts.
the other factor why U.S. and europe have debt problem: women.
women spend more than they earn. education, homes, home furniture, designer clothes, jewellery, etc. women force men to buy them hell LOTS of things.
thats why the West is in ever increasing DEBT.
Why Asians are mostly debt free? because men lead the household finances. Well, except Japan.
Why Muslims are not in debt? they say NO to f#cking fractional reserve banking and lending with interest.
women spend more than they earn. education, homes, home furniture, designer clothes, jewellery, etc. women force men to buy them hell LOTS of things.
thats why the West is in ever increasing DEBT.
Why Asians are mostly debt free? because men lead the household finances. Well, except Japan.
Why Muslims are not in debt? they say NO to f#cking fractional reserve banking and lending with interest.
What happened to the money? You already know. Much of it was wasted and some of it was used for "services".
It went into the real estates in Washington, lawyers, bureaucratic pensions, lobbyist's pockets, transfer payments, handouts to big corporations, advertising etc.
It has always amazed me that people believe in tax and spend. For every dollar taken, some of it disappears in administration costs. Charities are required to report that amount but government is not required to. Why not? Would taxpayers be so content to hand it over if they knew the efficiency of their investment in "services".
If the government really did produce something of value for the money they remove from other potentially productive purposes, that fact would be trumpeted by every politician and lobbyist. Unfortunately the silence is deafening!
It went into the real estates in Washington, lawyers, bureaucratic pensions, lobbyist's pockets, transfer payments, handouts to big corporations, advertising etc.
It has always amazed me that people believe in tax and spend. For every dollar taken, some of it disappears in administration costs. Charities are required to report that amount but government is not required to. Why not? Would taxpayers be so content to hand it over if they knew the efficiency of their investment in "services".
If the government really did produce something of value for the money they remove from other potentially productive purposes, that fact would be trumpeted by every politician and lobbyist. Unfortunately the silence is deafening!