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DEMAND ACCOUNTS?
You mean TAX the peeps that did the right thing and SAVED money so they wont be on GUBMINT DOLE
Cyprus proposed to tax demand accounts ~10% (Owch if you are a Russian gangster).
Question of the day: Has the Fed's policy of keeping interest rates below 1% for the past three years amounted to the same thing here?
Answer: Yes. Had interest rates been in the 'normal' range, deposits would have earned an additional 10% over the past 3 years.
interest rates were kept low
so COMPANIES could GORGE themselves on CHEAP $$$.......MAYBE JUST MAYBE they will help the economy.....they didn't
meanwhile, the FED couldn't do shit with the economy, so they PUSHED TEH MKTS up
most peeps made the $$$ back from 2008.....gave the illusion of GOOD TIMES
they hope the ILLUSION isn't a PO'Temkin village, but the ripple effect would spread
so far
it hasn't
(Im sure you understand all this, cause you be a smart juan, the NIGZ, wont get it)
AND - to manipulate the deficit.
The portion of the budget that goes to paying interest on the debt has been kept artificially low. A return to historical interest rates would double that payment.
Hey yo, Johnny
its startng
While some of California’s interior counties are really struggling, the wealthy coasts and the tech industry are helping to keep everything propped up — but it seems that the progressive state just can’t resist taking a little off the top wherever possible.
California’s top-end taxpayers — already steamed over a recent hike in the nation’s highest state income tax — are now fuming over a new $120 million retroactive tax grab on small business owners.
In December, the state’s tax authority determined that a tax break claimed over the past few years by 2,500 entrepreneurs and stockholders of California-based small businesses is no longer valid and sent out notices of payment.
“How would you feel if you made a decision, which was made four years ago, (and) you absolutely knew was legally correct and four years later a governing body came in and said, ‘no, it’s not correct, now you owe us a bunch more money. And we’re going to charge you interest on money you didn’t even know you owed’,” Brian Overstreet told Fox News from his office north of San Francisco. …
“Once the revenue is identified, those folks up in Sacramento will figure out how to spend it already,” warns former state Sen. George Runner. “And that’s what makes this so difficult. Even though it has this great bipartisan support as being wrong.” …
I formed a new LLC last year (my fourth one) and didn't buy any new personal property for the business. But still have to pay $300 personal property tax.
I'm getting taxed on nothing!
Trial run
This "glitch" will happen again and again
getting peeps USED to it
and once when it will be for real, many will be "immune"
Chase Customers See Bank Balance Reduced to Zero
The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store
Glitch stokes panic on Twitter
Paul Joseph Watson
Infowars.com
March 19, 2013
Millions of Chase Bank customers were affected by an unfortunately timed glitch which resulted in their checking and savings accounts showing a zero balance for several hours yesterday, prompting many to take to Twitter and express panic that their money had been stolen.
Reaction to the glitch was undoubtedly made more intense by the fact that the top global news story yesterday was about how residents of Cyprus were facing a mandatory “tax” that would see 10 per cent of their savings plundered for a banker bailout.
After Chase was hit by a denial of service attack last week, the bank blamed an “internal” issue for the glitch which left shocked customers thinking their online and mobile banking accounts had been emptied of deposits. The issue was resolved by 7:30pm PST.
According to Martenson: "These systems could all implode at the same time. Food, water, energy, money. Everything."
Another member of this team, Keith Fitz-Gerald, the president of The Fitz-Gerald Group, went on to explain their discoveries.
"What this pattern represents is a dangerous countdown clock that's quickly approaching zero. And when it does, the resulting chaos is going to crush Americans," Fitz-Gerald says.
Dr. Kent Moors, an adviser to 16 world governments on energy issues as well as a member of two U.S. State Department task forces on energy also voiced concerns over what he and his colleagues uncovered.
"Most frightening of all is how this exact same pattern keeps appearing in virtually every system critical to our society and way of life," Dr. Moors stated.