Very Sad
PeakOil is You
The Decline and Fall of the American Empire Pt. 2
The Future of America - Video Link
by Commanding_Heights » Tue 04 Nov 2008, 13:43:23
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Commanding_Heights - Peat
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Re: America's 'free-fall coming to an end'
by patience » Mon 13 Apr 2009, 08:49:50
Slight problem with US.gov finances. It seems the tax take is down significantly.
Quote:
"Receipts from individual income taxes fell 27% in March, versus year-earlier figures. Individual refunds are up 14% so far this year. Compared with a year earlier, corporate income tax receipts fell 90% to $3.4 billion."
From Nathan's Blog, at http://economicedge.blogspot.com/2009/0 ... march.html
Meanwhile, spending is going up toward infinity.
The whole piece is worth a read. How the hell are we gonna print our way out of this?
Quote:
"Receipts from individual income taxes fell 27% in March, versus year-earlier figures. Individual refunds are up 14% so far this year. Compared with a year earlier, corporate income tax receipts fell 90% to $3.4 billion."
From Nathan's Blog, at http://economicedge.blogspot.com/2009/0 ... march.html
Meanwhile, spending is going up toward infinity.
The whole piece is worth a read. How the hell are we gonna print our way out of this?
Local fix-it guy..
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patience - Resting in Peace
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Re: America's 'free-fall coming to an end'
by gnm » Mon 13 Apr 2009, 10:43:32
$this->bbcode_second_pass_quote('patience', 'S')light problem with US.gov finances. It seems the tax take is down significantly.
Quote:
"Receipts from individual income taxes fell 27% in March, versus year-earlier figures
Quote:
"Receipts from individual income taxes fell 27% in March, versus year-earlier figures
Maybe thats a better way of figuring out real unemployment numbers then the pablum the MSM spews...
-G
- gnm
Re: America's 'free-fall coming to an end'
by shortonoil » Mon 13 Apr 2009, 11:07:40
patience said:
$this->bbcode_second_pass_quote('', 'S')light problem with US.gov finances. It seems the tax take is down significantly.
$this->bbcode_second_pass_quote('', 'Q')uote:
"Receipts from individual income taxes fell 27% in March, versus year-earlier figures. Individual refunds are up 14% so far this year. Compared with a year earlier, corporate income tax receipts fell 90% to $3.4 billion." From Nathan's Blog, at http://economicedge.blogspot.com/2009/0 ... march.html
Meanwhile, spending is going up toward infinity.
The whole piece is worth a read. How the hell are we gonna print our way out of this?
$this->bbcode_second_pass_quote('', 'S')light problem with US.gov finances. It seems the tax take is down significantly.
$this->bbcode_second_pass_quote('', 'Q')uote:
"Receipts from individual income taxes fell 27% in March, versus year-earlier figures. Individual refunds are up 14% so far this year. Compared with a year earlier, corporate income tax receipts fell 90% to $3.4 billion." From Nathan's Blog, at http://economicedge.blogspot.com/2009/0 ... march.html
Meanwhile, spending is going up toward infinity.
The whole piece is worth a read. How the hell are we gonna print our way out of this?
This idea of “printing ourselves out of debt is absurd”. It is like trying to pick yourself up in a bucket! The FED does not print money, it prints currency. Until someone assumes a debt no money comes into existence. The truth is that the economy shrunk by 6.3% last quarter. $850 billion per year.
That $850 billion will reflect itself in $ trillions of lost credit origination. Without growth this shebang is going down the drain, and it is going to go about it geometrically.
Without additional energy, economic growth is not going to occur. One hundred years of fossil fuels’ declining ERoEI insures that any additional energy won’t be coming our way soon. Check Mate!
Of course don’t expect to see the common sense that God gave horse-flies from the general public. The society has become so neurotic, so self effacing, so nihilistic it couldn’t find its ass with both hands and a full length mirror. They have been sold on an illusion, and they have swallowed it - hook, line and sinker!
Available Energy
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shortonoil - False ETP Prophet
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Re: America's 'free-fall coming to an end'
by sihmei » Mon 13 Apr 2009, 16:17:17
$this->bbcode_second_pass_quote('shortonoil', '[')b]patience said:
$this->bbcode_second_pass_quote('', 'S')light problem with US.gov finances. It seems the tax take is down significantly.
$this->bbcode_second_pass_quote('', 'Q')uote:
"Receipts from individual income taxes fell 27% in March, versus year-earlier figures. Individual refunds are up 14% so far this year. Compared with a year earlier, corporate income tax receipts fell 90% to $3.4 billion." From Nathan's Blog, at http://economicedge.blogspot.com/2009/0 ... march.html
Meanwhile, spending is going up toward infinity.
The whole piece is worth a read. How the hell are we gonna print our way out of this?
$this->bbcode_second_pass_quote('', 'S')light problem with US.gov finances. It seems the tax take is down significantly.
$this->bbcode_second_pass_quote('', 'Q')uote:
"Receipts from individual income taxes fell 27% in March, versus year-earlier figures. Individual refunds are up 14% so far this year. Compared with a year earlier, corporate income tax receipts fell 90% to $3.4 billion." From Nathan's Blog, at http://economicedge.blogspot.com/2009/0 ... march.html
Meanwhile, spending is going up toward infinity.
The whole piece is worth a read. How the hell are we gonna print our way out of this?
This idea of “printing ourselves out of debt is absurd”. It is like trying to pick yourself up in a bucket! The FED does not print money, it prints currency. Until someone assumes a debt no money comes into existence. The truth is that the economy shrunk by 6.3% last quarter. $850 billion per year.
That $850 billion will reflect itself in $ trillions of lost credit origination. Without growth this shebang is going down the drain, and it is going to go about it geometrically.
Without additional energy, economic growth is not going to occur. One hundred years of fossil fuels’ declining ERoEI insures that any additional energy won’t be coming our way soon. Check Mate!
It's amazing how many people think money = wealth. All money does is enable us to more efficiently strip the Earth bare of real wealth - and all real wealth is in the form of energy and natural resources. Always has been, always will be.
If someone thinks money = wealth then imagine being trapped on a desert island with $1 billion in a briefcase. What worth beyond toilet paper and fire kindling what all that paper be then? What would one prefer in such a situation, the $1 billion or a cheap radio to contact for help? Money means nothing without energy and natural resources to represent it. Unfortunately for us apes energy and natural resources are running out. And nature doesn't do bailouts.
