Can't fund schools, can't fund programs, and can't fund STATE Government retirees.
States are claiming not to raise taxes... instead they are raising fees. Any and every type of fee.
What happens when State, Federal, and Personal Debt reaches 100% of GDP?
What happens when Tax Rates exceed the ability to for the tax payer to pay tax and still live?
The ONLY solution is to eliminate the system that creates debt!
Debt enslaves people. Debt makes it impossible to consume. Debt does nothing for the masses except funnel their "productivity" to the debt holders.
The problem is not Democrats, it's not Republicans. It's a Banking System that encourages and promotes continual borrowing and more debt.
there is no good news, Captain.
Arizona is feeling it bad..you would be shocked at how badly this state's powers that be have mismanaged state funds. i swear Phoenix will be bankrupt soon.
The problem is not directly the banking system either - that is just the distribution and control point for the management of people's finances, the same as the basic description of state controls. The issue is the inbuilt extra that must be there for the man to make his profits, that shows in the economic models in such clear phrases as the impossibility of 'negative growth'. This is how the man stays on top - if the economy is booming he makes good profits, if it collapses he just hoovers up all the smaller businesses for nothing. This is what some people call Thatcherism, after the woman who, if nothing else, let the cat out of the bag with phrases like 'the unnacceptable face of capitalism'. Until then it was just another 'ism with no 'face'; and people began to wonder what was acceptable about it anyway.
The problem is just coming to a head because the dosh is starting to run out of value. America like most western countries has been a net importer for more than 20 years, meaning in simple terms spending more than it gets. Then there are all those wars to pay for - the profits from them have been salted away long ago by individuals.
"The problem is not Democrats, it's not Republicans. It's a Banking System that encourages and promotes continual borrowing and more debt."
No offense, but that is something like the 1000th time you've said the same thing.
I hate to break it to you, but banks are not going away.
Check out Colorado Springs's conservative answer to bankruptcy; quit paying for government. Of course, their town in unprotected from crime and their are living in trash, but they are sticking to their principles of "no new taxes." How do we get out of the mess again. The nasty t word: taxes. That's the reality that the last administration left us. Now we get to clean up after the elephant, you know, the worst job in the circus.
Gettin it tight here in Belfast as well Cosette, I am cut back to a 4 and a half day week, a friend just took a 20 percent pay cut working the same hours, I blame Bush and that fat prick Brown !
I guess I could google this, but you guys might know. What is your average income tax % ?
"No offense, but that is something like the 1000th time you've said the same thing"
And it is still the truth... even after a thousand times!
I might have to see a million times until people recognize the problem is the system itself.
It's the central bank, and fractional reserve banking that allow banks to take ownership of assets as everyone becomes further indebted.
When there is a run on the banks they will go away... then everything will have to be rebuilt from scratch.
This is not a doomsday scenario, this is not a matter of "if", it's simply timing and when. Smart people don't have money in banks.
I laughed when a Obama claimed a second depression cannot happen. That's the same thinking that claimed the Titanic could not sink. It's pure arrogance and ignorance.
"And it is still the truth... even after a thousand times!
I might have to see a million times until people recognize the problem is the system itself."
Or maybe after a million times you will realize it is your opinion, and not a very practical one at that. But hey, everyone is entitled to theirs - I just couldn't help but notice the repetition.
“If you want to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nation’s credit”
Sir Josiah Stamp
Just a word of encouragement
You keep on saying it - the current system is running out of money and credibility. It must be clear to the most dim observer that the system does not favour people at all - only business and their profit.
The doomsday scenarios favoured by the christians have greater emphasis because we are coming to an end of a cycle and overdue for a change.
Just don't blame the system. Do you want revolution and communism? No way out, ladies and gents, no way out...
we all soon will be living under the bridge.(Well, may be not all...)
by Julie Grimes 7 years ago
Will paper money be replaced and the current banking system changed?Write a hub on the how the banking system in the Western hemisphere might change and how that will effect today's paper money system.
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I hate to just post a link and walk away, but I cannot imagine it being put more clearly.http://www.rollingstone.com/politics/ne … h-20111109
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