Who do you work for?
Or, for those of you who are confused by my question: Who's your boss?
Now, relate that to the US economy.
Better yet, relate that to 'world economy."
What does this mean to you?
1) my wife
2) It means that the world economy screws me too?
we all answer to someone,even the self employed...
I'm my boss.
I am not so sure how you would like me to relate that to the world economy.
Individually yep, you may be!
"BUT" as a member of American society (if you are American), your tax dollars are paying off OUR nations mortgage to the "lenders."
The "lenders" own US!
WE WORK FOR THEM!
You hope there's enuf left of what you earn to feed and house your family...if you have a job!
Your children and theirs will be held responsible for payment all their lives!
WE American dummies, have dug a hole, jumped in it and are busy burying ourselves.
I am an American by birth who is not proud of a gov't which WE THE PEOPLE created by voting for the incumbent asses who are getting richer by the minute at our expense and destroying 200+ yrs of a history of accomplishments.
Being my own boss means that I have to pay taxes, but I have worked in several countries, I am here because this is where I want to be right now. I could go and work in any country, i make my own business decisions.
I will probably end up living long term in England, I am in America right now.
People feel trapped when they say they are in a world with no jobs, but that is simply people being trapped in a reality of their own perceptions.
As to the American people being let down, my opinion on that is simply that the American populace need to implement separation of corporation and state, as well as separation of church and state.
Do you really think the current US economic climate would be as bad as it is now if it was not for the bush era 'cutting of the red tape' which was basically the end of many major banking regulations. (see Bush being told to 'wind up' his inaugural speech by the president of Merrill Lynch).
The democrats are not free of blame either, the fact that politicians over here are controlled by the corporations is incredibly dangerous in my opinion (it scares me that this is starting to happen in England too).
Politics is controlled by the corporative dollar!
We exist as slaves to corporations!
We Amercians consider ourselves to be a democratic nation. That's how "ignorant" we are.
We exist as a "republic."
We voted the people in and they are expected to lead!
American voters are scary!
They seem to vote, in the main, emotionally rather than intelligently!
I'm an older guy who has watched the world shrink and the world economy being controlled by human greed.
There is no time left for the human species to "bond" and realize that if we cannot come together and accept the simple fact that if we don't pull together in concert and we remain to be shallow and fragmented, we are headed for catastrophe.
I can see it no other way.
Qwark, You stated that our tax dollars are paying off our mortgage to the lenders.
Isn't it more like we are just keeping our financial noses just above water, by barely servicing the interest on the total national debt that seems to be increasing every year?
The answer to that is the Chinese, japanese and any other country that has invested into mortgaging our children's future. This also includes American bond holders. No matter who holds our IOU's, they are still progressively sucking us dry, and will continue to do so, unless we can change from a debt system to a wealth system.
...and what are the odds of that happening?
qwark, Sorry about the delay in answering.
The odds of that happening are not very good. Most politicians in charge of borrowing on the public's credit card, have no inkling of how this debt system works.
Couple that with the bankers donating heavily to their reelection campaigns, and you can see that it is an uphill battle.
Some of my associates have proposed legislation sponsored and scheduled for hearing here in Minnesota. We have been lobbying for monetary change for some time now. We have had to literally teach most of the legislators, how this system functions. However, we seem to be gaining in support of our proposed legislation.
My biggest fear is that when they do finally face reality, it will be too late. They will crash the system and start the same system over again.
If you are interested in our proposed bill, it is called the Minnesota economic recovery act, You can look up Minnesota senate file #65.
The way our total indebtedness is growing and having to service the interest on that ever increasing debt, will eventually cause an economic collapse in the near future. We will eventually reach a point where we will have to choose between feeding our families or paying our taxes.
If we don't pay those taxes, the stock market will begin to fall because the government will not have the money to honor it's contracts with corporate America. When the market crash comes, there goes our 401K's, IRA's and pension plans down the drain. This will come at a time when the baby boomers will be wanting to live off of their safety net that won't be there.
Some rosy future huh?
Like ThisIsOli, I too am my boss.
Relate that to the US economy? Sure thing, the US dollar is down so it results in my Amazon cheques being worth a decent amount of pounds.
Relate that to the world economy? Ummmm... I may be able to afford another holiday in 2012?
I don't have a mortgage, neither do I possess a credit card, I have one debt to the government (a student loan) which for the past two years has seen an interest rate lower than inflation.
No doom and gloom from me I am afraid, don't let that try and stop you from encouranging everybody else to develop an over paranoid and negative outlook in their short lives though.
Most people here are obligated to our national debt and unfunded government obligations. Aren't you obligated to any debt other than your student loan? Curious.
Yes sure, but I worry about things that I can change and don't worry about things that I can't change.
What happens if I have to pay £1000 a year more in tax in a couple of years as a result of the UK national debt and inflation dictates that things cost me an extra £250?
I have to try and make an extra £1250 to cover my loss in earnings and maintain my living standards. Life is full of hurdles, you have to try and manouvre them.
One of the ways that I maintain a decent standard of living is to live a debt free life, something which I have managed successfully. In the UK though I can move abroad and make no payments to the UK government, so I can choose to chain myself to a country with a lower tax level if I wish.
I understand that American people have to pay taxes to America wherever they live in the world? Now that sucks, but that is an America specific problem, so much for "freedom" hey? I am thinking about basing myself in Bulgaria for a few years, paying 10% income tax, whilst paying a mortgage on a second property in the UK at the same time.
That is what people do, to adapt. Americans call loyalty to their government "patriotism", I call loyalty to a government stupidity.
Yeah, it does suck. Central banking debt systems have taken over the monetary systems in all but a few countries. It will soon be impossible to move anywhere to escape the long arm of the tax man, and his ability to relieve you of more and more of your hard earned money.
I too am mortgage free and supposedly own my home. But do we ever truly own it?
Yeah, like Stacie L. said, China practically owns us.
An ad has come out on tv about that too; actually a good ad.
I still say we should try to see if they'll take Obama in exchange for our National debt.
OK i guess you're being esoteric again..
we have to answer to our own conscious,our belief system,our morals, our customers....
Goodness I hope not!
But then that would fit in with the "dumbing down of the USA" that I mentioned in a prior forum thread.
Let me ask you this: "who owns America's debt?"
If you can answer this correctly then you can also answer who do we work for!
Well, my house value has dropped by more than half of what I paid.
I owe tens of thousands more than it could realistically fetch.
My only hope is a short sale.
A good start would be calling me Oli instead of this is.
I have to admit American democracy is a facade, it seems to be the only way of convincing people that they are in charge of who is in charge.
I control my own destiny so far.
The choices I make, I am responsible for. I do not have to let myself be controled by any entity.
I can grow my own food, build my own home, and think for myself. There are others that think they can control me, but once they find out they can't, the relationship is over.
I'm mortgaged to the alimony I pay to my exwife, which about equal to her house payment. I will probably never retire completely. Although I don't see myself as a greeter at Walmart, either.
by qwark 9 years ago
A billion:A billion seconds ago it was 1959!A billion minutes ago jesus alledgedly lived!A billion hours ago our ancestors were living in the stone age!A billion days ago no one walked upon the earth on 2 feet!Now, consider 1000 times a billion: a trillion... and try to visualize our national...
by wacknuts 11 years ago
And what does it mean for us?
by Peter D. 7 years ago
I am just curious what most people will answer with, but I think I know what the answer is going to be....
by crazymom3 6 years ago
What is the government doing to pay off the national debt? How is it being paid off?
by Jack Lee 23 months ago
The Trump administration is increasing tariff to 25% with trade with China. This should bring in much $$$ to the treasury. Where does this money go?Shouldn’t this reduce our national debt?Yet, we still see deficits year after year...why?Where is the extra spending?We need accountability for all the...
by zzron 9 years ago
Maybe the word hate is a little strong. So why do people dislike President Obama and the way he is running the country? Are you an Obama fan? Yes, no, what is your opinion of Obama and his policies?
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