Korean Job Discussion Forums

[Joo Rip Gwa Rhhee]

[Joo Rip Gwa Rhhee]

[bacasper]

[Ya-ta Boy]

[Nowhere Man]

[Joo Rip Gwa Rhhee]

[quote="Nowhere Man"]

[Joo Rip Gwa Rhhee]

One more thing if the US can someone manage to get the price of oil to about 40 dollars a barrel the US economy will be able to eat the debt for lunch.


IF THE PRICE OF OIL WERE 30 DOLLARS A BARREL INSTEAD OF 95 DOLLARS A BARREL THE US ECONOMY NOW WOULD BE PERFORMING AT THE LEVEL OR BETTER THAN THE US ECONOMY DID IN THE 90S AND THE US WOULD BE RUNNING A SURPLUS INSTEAD OF A DEFICIT.

GET THE PRICE OF OIL DOWN, WAY DOWN AND EVERYTHING ELSE WILL TAKE CARE OF ITSELF.

[Ya-ta Boy]

[mises]

In truth, the trillions in leverage that is unwinding could bring oil down below 40-50bucks. I don't know if it is likely but it is possible. We're in for one hell of a wild ride.

[Ya-ta Boy]

[mises]

Yeah. Much of the money (trillions) in commodity markets is leverage. If the leverage unwinds, the market crashes.

[mises]

Canada's the Globe and Mail discusses this idea. This article was very controversial.

http://www.reportonbusiness.com/servlet/story/RTGAM.20080909.wheinzl0910/BNStory/SpecialEvents2/home

[ReeseDog]

[ReeseDog]

Pay your taxes. Pay what you can. Give what you can. Give all you can.

Whatever is best for the Reich.

[sojourner1]

Paying taxes is patriotic if you have a government that makes decisions in the best interest of it's people and economy. Our US government is only making decisions that only benefit the fat ass suits in the short term by bailing them out of their failed decisions with all the taxes, loans, and the next generations money and resources. We need to stop borrowing from other countries and let the markets be a free market economy like they are supposed to be and live within our means of tax revenues. European countries have high taxes, but it all goes back to the people as socialist support for education, health care, business development, and infrastructure. The only reason why countries like China continue to support our irresponsible economic model is they want their currency to remain artificially devalued so their export to the US remain cheap and in demand. The billionaires around the world are corrupt, manipulate governments, and all in cahoots in what is called, the global economy, the model that will collapse when Uncle Sam can no longer pay for huge boondoggled mistakes. We need to let irresponsible suits fall flat on their faces so that responsible talent can rise through the ranks to be leaders who add value and public revenue to better the general public; not pad the fat rich business executives who are not producing value for our country, economy, and it's people.

By paying taxes in America, you are financing greed, fear, and evil which is why most working people and small business owners today don't believe in paying taxes nor have a sense of patriotism. Paying taxes means you are financing the irresponsbile rich to get richer instead of the money going to schools, infrastructure, technological innovation incubators, and economic development that creates sustainable jobs that take care of people and their families so they can pay more taxes to have even better schools, roads, infrastructure, and everything else that adds value in the long term. America has gone to shit, because it's value is destroyed by the corrupt upper crust. Don't pay any more taxes than necessary if you're not well paid, because it's a tough day and age to be an honest hard working dedicated employee for $15,000 to $30,000 a year. Of course employees are always forced to pay while executives get off from paying by cooking the books with bogus deductions and hiding bonuses overseas.

What will happen when Uncle Sam can no longer subsidize the the wrecked finance boondoggle when China and other countries says no to buying US Treasure notes due to decreasing demand of Chinese exports on account of the Americans not being able to afford to buy all that crap like they've been doing for a decade???