tag:blogger.com,1999:blog-27697009.post5702095369960640225..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : New Retirement Concepts of TaxationJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-27697009.post-7975291810567305472013-10-06T20:06:07.238-07:002013-10-06T20:06:07.238-07:00Hi AIM
I agree, we are slowly getting to a collap...Hi AIM<br /><br />I agree, we are slowly getting to a collapse and I don't like it one bit.<br /><br /><br /><br />Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-34311620021944671672013-10-06T18:13:49.348-07:002013-10-06T18:13:49.348-07:00When the asset bubbles pop... when the debt reache...When the asset bubbles pop... when the debt reaches unheard of levels... when confidence begins to drop... when interest rates start moving up...<br />when it becomes fully clear to the private sector that The Fed and Congress have caused most all of our economic woes, and that they haven't known and don't know what they are doing, and are now out of monetary tools... when the private sector realizes that government and multi-national corps and bankers have been acting in collusion...<br /><br />...it will be seen that the emperor has no clothes.<br /><br />Loss of confidence, collapse, disruption, wealth destruction and the need to build a new system. That is our future agenda.AIMnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-73180532713931526522013-10-06T10:44:28.147-07:002013-10-06T10:44:28.147-07:00Oppenheim lives in an alternate universe.
The onl...Oppenheim lives in an alternate universe.<br /><br />The only hope for our nation is if the people could be taught the true definition of key words having to do with economics; have all of their false data and programming stripped away on economics and government; learn the basic laws and fundamentals of economics; and then start building a society based on true production, exchange, honesty, fairness, cooperation, intellect, innovation, prosperity and a view towards the future and the greatest good for our country. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-518597437611981142013-10-05T22:15:12.030-07:002013-10-05T22:15:12.030-07:00Anon 551, new paradigm? Yes. Globalization has cha...Anon 551, new paradigm? Yes. Globalization has changed everything. Abt 2/3 of Silicon Valley companies were founded by immigrants. That's the secret. Great minds are coming here like never before, well maybe great minds before, but now with greater tools - the digital revolution is in hyperdrive. Plus, wouldn't be possible w/o WS, better regulated. That said, we do have a strong body of neo-Confederate insurrectionists trying to obstruct it all. That's the challenge. Fortunately, CA and NY get it, also MA. CA just passed Russia and is now the 9th largest economy in the world. Joseph Oppenheimhttps://www.blogger.com/profile/09037175611181710409noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-23719446072859929252013-10-05T21:44:34.978-07:002013-10-05T21:44:34.978-07:00Hi AIM
I think you hit it on the nail, everyone i...Hi AIM<br /><br />I think you hit it on the nail, everyone is entitled to their opinion.<br /><br />I do question the fact of why they would try to rattle our cage. They haven't offered any solutions to our presesnt problems. Just the statement that this is the greatest country in the world. Maybe it is if everything is free.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-13014618682938462232013-10-05T19:32:44.427-07:002013-10-05T19:32:44.427-07:00It appears that Anonymous 5:51 and Darvinian have ...It appears that Anonymous 5:51 and Darvinian have been drinking the kool-aid ever since they were born. Well programmed. <br /><br />Very disconnected and isolated from the fundamentals of economics.<br /><br />No reason to continue this discussion or argument. Everyone is entitled to their own viewpoints.<br /><br />It's only half-time. We'll see who the winners are at end of game.AIMnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-20369355892683905012013-10-05T17:56:48.553-07:002013-10-05T17:56:48.553-07:00by the way, no response necessary, I'm comfort...by the way, no response necessary, I'm comfortable in my beliefs. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-9398923058272857882013-10-05T17:55:05.799-07:002013-10-05T17:55:05.799-07:00AIM, you just don't understand REAL wealth!!!!...<br />AIM, you just don't understand REAL wealth!!!!<br />You still think the king with all the gold rules the day but that king without security owns NOTHING!<br /><br />you get it know? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-68356794325329208252013-10-05T17:51:13.643-07:002013-10-05T17:51:13.643-07:00"I can't even respond to your post. We ar..."I can't even respond to your post. We are both on different planets and don't speak the same language."<br /><br />like i said, you need more dopamine or hormone injections.<br />Just look at Joseph Oppenheimer, he gets it and he is an old guy.<br /><br />The debt crisis is all bs, as a country, the greatest in the world, we have taken REAL assets and in turn printed money to pay for it, so fucking what????<br />who on this earth is going to collect from "tony soparano" or the bully of the world?<br />debt is just some numbers on a paper, it is only as good as the ability to collect it!!! once your antiquated mind gets it, you'll understand why this country is the greatest in the world. <br />Just remember, currency valuations are relative, and sure the u.s. dollar may stink a bit but as long as it stinks the least, we are good!<br />these are big ideas for old timers who follow economic models that are antiquated but we live in a new world, wit knew rules.<br />Please try to adapt to the new times rather than deny its existence. <br />How many years are you "world is going to end" guys going to be wrong before you admit we are in a new paradigm.<br />I could say so much more to back my point but just don't have the time to. This is why you old timers need to follow joseph oppenheimer, he is one that gets the new system.<br /><br />Just remember, for the 100th time, it's not gold that backs our currency, it's our lead in technology that does so. I rather have a 50 billion dollar aircraft carrier than 50 billion in gold at fort knox...<br /><br />the new generation. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-69487999260402355762013-10-04T01:59:27.099-07:002013-10-04T01:59:27.099-07:00anonymous 12:12
"We are doing fine as a coun...anonymous 12:12<br /><br />"We are doing fine as a country?<br />The bs debt crisis?<br />REAL recovery?<br />We are living in the greatest country in the world?"<br /><br />I can't even respond to your post. We are both on different planets and don't speak the same language.<br /><br />AIMnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-5414021488720689782013-10-04T00:12:21.244-07:002013-10-04T00:12:21.244-07:00"Once we go to an electronic currency it will..."Once we go to an electronic currency it will be all over. Every penny that goes back and forth between individuals will be tracked. At that point there will be nowhere to run (only some bartering actions and secret local currencies will circumvent the government). "<br /><br />I see this kind of stuff and think you need more dopamine. As we get older, our levels of hormones decrease and we become "grouchy" old people. But please don't let that affect your thinking and outlook. <br />We are doing fine as a country, regardless of the bs debt crisis, and those of you that don't see the REAL recovery and the fact that the us is the best place to live in the world, honestly need hormone replacement therapy. I completely understand the perspective but don't believe its founded in reality. <br />Yes we will switch to electronic currency one day but who know what will happen and it sure wont happen over night. I am willing bet that long after everyone is using electronic payment the country will still accept paper currency BECAUSE that's the way we do things in the u.s., just look at people watching tv with antenna's instead of cable!<br /> <br />Please relax and enjoy your life, we are living in the greatest country in the world...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-58398139636249774842013-10-03T01:40:11.827-07:002013-10-03T01:40:11.827-07:00If you are not making at least 10% on your money, ...If you are not making at least 10% on your money, you are losing money due to the hidden tax known as inflation (which is created by NOTHING other than the Federal Reserve Bank). <br /><br />One can't be a passive or uneducated investor and make 10%+. One has to invest outside of conventional investment vehicles and also avoid taxation as much as possible.<br /><br />The noose is being tightened as the government moves into Fascism. The governments have been usurped by the banks via debt. In their desperation they will continue to raise taxes and hunt your money down to feed the giant, insatiable maw of the international bankers.<br /><br />People will have to become very smart and develop new strategies to keep as much of what they earn as possible. <br /><br />Once we go to an electronic currency it will be all over. Every penny that goes back and forth between individuals will be tracked. At that point there will be nowhere to run (only some bartering actions and secret local currencies will circumvent the government). AIMnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-8623261962072020312013-09-30T19:54:36.222-07:002013-09-30T19:54:36.222-07:00Hi Anon 7:15
Right now I would expect that we hav...Hi Anon 7:15<br /><br />Right now I would expect that we have an inflation rate of 8-12 percent.<br /><br />So about the only thing we can conclude, is that the market is being manipulated to keep rates in a very low range.<br /><br /><br /><br />Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-87240616838854954702013-09-30T19:22:51.912-07:002013-09-30T19:22:51.912-07:00Hi Anon on a New Mexico Mountain
I think you are ...Hi Anon on a New Mexico Mountain<br /><br />I think you are right. A lot of old people, my age, move away once they retire. It makes financial cents. Arizona offers a lot of what retirees want at 1/3 the price.<br /><br />I myself think about Mexico along the coast for retirement ( I like to sail and my wife hates the sand). Not quite sure where we will end up.<br /><br />Thank you for your compliments.<br /><br />Take careJim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-60694183060385950712013-09-30T19:15:44.897-07:002013-09-30T19:15:44.897-07:00Jim,
There are many analysts who say that interes...Jim,<br /> There are many analysts who say that interest rates have to go up eventually. Do you agree and, if so, how many years do you think it would take to reach 5% again?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-74760042241300186652013-09-30T19:03:55.689-07:002013-09-30T19:03:55.689-07:00Hi Anon 3:38
I don't see lazy people sitting ...Hi Anon 3:38<br /><br />I don't see lazy people sitting on piles of cash. You have to work and save to have money in the bank.<br /><br />Rates are extremely low for very unnatural reasons. Visa can charge you 26% interest on your credit card and at the same time you can buy a home with 7% financing.<br /><br />With 2% interest offered by the banks to retirees, why even put your money in the bank? Loan it out to the relatives.<br /><br />If I was to go into payday loans, I could get almost 400 percent interest per year on what I loaned. Realistically I might get about a 20% return because you get stiffed a lot.<br /><br />All interest rates do, is reflect risk. Historically there has been a 3% difference between government T-bills and grade AAA paper and about a 12% difference between that and grade DDD junk bonds. Right now the spread is about 3% and the price of bonds can't go any higher, and the interest rates on them, can't go any lower.<br /><br />Lower bond rates are a little like pushing a piano up a steep hill. It gets harder to push the higher you go. At some point you give up, and the piano doesn't.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-71540351719558348772013-09-30T15:38:16.708-07:002013-09-30T15:38:16.708-07:00what makes you think you can dictate what interest...<br />what makes you think you can dictate what interest rates should be? because you deemed 10% to be fair market value, the world owes you money?<br />low rates are good, it stops lazy people from sitting on a pile of cash and expecting a paycheck. it takes effort now to make money on your capital and it's a good thing. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-50821841915649277232013-09-29T23:56:07.058-07:002013-09-29T23:56:07.058-07:00"You could also get out of expensive Californ..."You could also get out of expensive California and go to the middle corridor"<br />I read something along these lines, related to the 80/20 rule:<br />"Those that spend 20% (of the average price of a home) derive 80% of the benefits"<br /><br />In other words, my readings back up this suggestion.<br /><br />Thanks for your wonderful blog,<br />Anon on a New Mexico Mountain (not to be confused with Anon on a Mountain.)<br />sent from my iphoneAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-82717928066704634882013-09-29T20:49:09.146-07:002013-09-29T20:49:09.146-07:00Gosh, long ago I ran the numbers and it was obviou...Gosh, long ago I ran the numbers and it was obvious having a job made no sense. The investor class gets low tax rates and b/c the US is a capitalist nation (yes, the top one, proved by investment money continually pouring in from all over the world), gives all kinds of incentives to investors. With FDR, got insured savings and future SS, with LBJ got future Medicare, with Reagan got fabulously high interest rates on savings, with Carter - GW Bush got great home profits. With Obama, booming home, bonds and stocks. Bubbles are great times to make profits. Busts are great times to pick up bargains. Thanks, American government. W/O you I world have had to have a job after age 48.Joseph Oppenheimhttps://www.blogger.com/profile/09037175611181710409noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-11636311525156622552013-09-29T20:22:16.325-07:002013-09-29T20:22:16.325-07:00Owning a home will always make you liable to prope...Owning a home will always make you liable to property taxes (which will escalate to very high levels because financially troubled local governments will be hunting for money from every possible source). 300k is not enough principle to retire on these days. You'll never get ahead working a job as an employee with payroll taxes. You have to have your own business activity and be self-employed (using a corporation for tax advantages) and you have to invest your money and get a minimal return of 10% and reinvest those profits to build up your investment capital as long as you are working in your own business. You should pull the equity out of your house and be investing that too for a profit from the spread (borrow for 4% and invest it for 10-12%). You could also get out of expensive California and go to the middle corridor of the US where the economy is going to be the best and where housing is much cheaper. Every change that diminishes your living expenses is VERY needed because it adds up on a cumulative basis towards a major advantage. I believe we all will need to step outside of our comfort zone in order to put ourselves in a condition that will be able to weather the coming storm. Anonymousnoreply@blogger.com