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This is exactly the problem with government regulation.
one cannot even open a lemonade stand now without getting arrested.
what is wrong with vendors opening shop and selling
or making their goods in their homes and raising livestock in apartments?
those things that save a common person money ARE all ILLEGAL or restricted.
or how about having taxi cabs? you now need licenses that is worth millions on the black market
seriously the government is making commerce too expensive in general.
they make opening any small business hell nowadays because they want to protect big business and let small businesses take up the ones big business does not want to be a part of because of paper thin margins.
what is wrong with selling hot dogs without government permission eh?
morally and logically speaking NOTHING.
but it is against the law.
hopefully, you are being sarcastic. Everyone should understand that licensing protects the public from substandard, dangerous and crooked merchants.
Do you really think doctors shouldn't need a license? Food providers need licenses to assure that they are aware ad follow health regulations and maintain insurance. Who are you going to get compensation should you get sick or die from that lemonade stand? Taxis need licenses to assure they carry high insurance limits and their meters are true to the posted fares.
hopefully, you are being sarcastic. Everyone should understand that licensing protects the public from substandard, dangerous and crooked merchants.
Do you really think doctors shouldn't need a license? Food providers need licenses to assure that they are aware ad follow health regulations and maintain insurance. Who are you going to get compensation should you get sick or die from that lemonade stand? Taxis need licenses to assure they carry high insurance limits and their meters are true to the posted fares.
Regulations are their to protect us.
But that isn't how it works in real life. I work in the financial services industry. The regulation on my industry does nothing but drive away honest people. Those who are dishonest and crooked find ways around regulation regardless. Those of us who are honest get fed up with having to jump through hoops to prove we are doing things honestly when we are honest anyway. Regulation has the effect of discouraging honest labor and increasing the ratio of dishonest people in a given industry.
hopefully, you are being sarcastic. Everyone should understand that licensing protects the public from substandard, dangerous and crooked merchants.
Do you really think doctors shouldn't need a license? Food providers need licenses to assure that they are aware ad follow health regulations and maintain insurance. Who are you going to get compensation should you get sick or die from that lemonade stand? Taxis need licenses to assure they carry high insurance limits and their meters are true to the posted fares.
Regulations are their to protect us.
The problem is how they are written. Most require some kind of enormous monetary investment or mandatory permission from an employer or educational system. That excludes many people from participating. I am against all licensing unless it is free and based on a comprehensive testing system by impartial judges. Consider restaurants, all have health department inspections and often it is the big corporations who put people in the most danger by adulterating or using substandard food. Everyone should have the opportunity to start a business and customers should have the choice of whether to do business with them. The farther you go back in time it seems the more opportunity there was, it should be the opposite.
Easy, the dollar will collapse. either through deflation or inflation. they have chosen inflation.
Here is the kicker right.
These guys are sooo stupid that they think they can take the money away. Wait, who is going to buy our bonds now?
These guys lower interest rates to 0%, so sectors which thrive on low interest rates grow up around them. What happens when rates go up and those sectors need to go away? recession style. Wait, they will say, we need to print money and lower rates to get these jobs back.
Fun fact - If you eliminate all of government, the mandetory programs alone with the interest payments (at todays rates) exceed our total tax revenue.
Easy, the dollar will collapse. either through deflation or inflation. they have chosen inflation.
Here is the kicker right.
These guys are sooo stupid that they think they can take the money away. Wait, who is going to buy our bonds now?
These guys lower interest rates to 0%, so sectors which thrive on low interest rates grow up around them. What happens when rates go up and those sectors need to go away? recession style. Wait, they will say, we need to print money and lower rates to get these jobs back.
Fun fact - If you eliminate all of government, the mandetory (sic) programs alone with the interest payments (at todays rates) exceed our total tax revenue.
I am sorry US government, but you have lost.
and after six years of predicting that the dollar will collapse and there will be hyper-inflation, neither has occurred.
Who is going to buy our bonds? We have no trouble finding buyers who are willing to loan us money at record low interest rates.
Did you know that the interest for 2013 was about the same as it was in 2007? Also, those "mandatory programs" have their own funding sources. So, if you eliminate SSA and Medicare, you have a drop in revenue.
and after six years of predicting that the dollar will collapse and there will be hyper-inflation, neither has occurred.
Who is going to buy our bonds? We have no trouble finding buyers who are willing to loan us money at record low interest rates.
Did you know that the interest for 2013 was about the same as it was in 2007? Also, those "mandatory programs" have their own funding sources. So, if you eliminate SSA and Medicare, you have a drop in revenue.
that's right the ones buying our bonds are we ourselves now.
well done I am sure you realized that.
FED buying our bonds.
***/Chinese have started to scale way back
80+% are likely the feds now
sure we get back 94-96% of the interest payments though.
and rest given free to the member banksters.
that is still a huge chunk of change to them for doing absolutely nothing but leeching.
if you dont realize whom are buying our bonds yet you need to start paying attention
that's why they orchestrated the scare into bonds recently so to speak when they are largely worthless.
that's right the ones buying our bonds are we ourselves now.
well done I am sure you realized that.
FED buying our bonds.
***/Chinese have started to scale way back
80+% are likely the feds now
sure we get back 94-96% of the interest payments though.
and rest given free to the member banksters.
that is still a huge chunk of change to them for doing absolutely nothing but leeching.
if you dont realize whom are buying our bonds yet you need to start paying attention
that's why they orchestrated the scare into bonds recently so to speak when they are largely worthless.
Chinese and other foreign ownership of our debt has not been dropping significantly. And the world is still trading far more USD based debt on a daily basis than any other currency.
Our deficit spending is recently drastically down, so the need for more externally distributed debt is dwindling right now.
The Fed is doing QE to pressure interest rates down. The banks of course benefit from this. First they get extremely safe holdings from the Fed when they swap mortgage for US debt paper. They get a low but guaranteed and safe return, while they can do their best to unload some crap loans on the Fed.
But as the Fed sucks up all the Treasuries, the private sector misses out on all that interest. To the tune of roughly $80B a year. Just another reason why QE has not ignited significant inflation.
Why in the world would anyone think the near perfect robbery scheme of todays Treasury/Fed/Bank roundy-round ever stop, when you can make money so easily why bother with real commerce? I liked James Kunstler's piece today regarding this little back room bonanza. KUNSTLER
Yet is there any way to examine this scheme, identify the Achilles heel and hit it directly to cause a massive collapse?
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