“Instead of lowering the tax rate on all pass-through businesses, the final bill allows pass-throughs to deduct up to 20% of income. But who can deduct how much depends on what type of business you run and a corresponding formula”.
The never ending overdose of Bitcon coverage in the press and on social media would have one believe that the manna of financial subsistence is leading us all out of the wilderness. Whether this crypto circulation of a promise to pay is actually a currency is very much an open question. What we do know and can take to the bank is that it is not legal tender. In the globalists world of central banksters all money if fiat and species is relegated to a numismatic coin collection.
The usual holiday cheer that underpins the throngs of shoppers may be missing this season. Political pundits are eager to blame potential terrorist risks as a compelling reason to avoid the crowds at malls, but knowing the sentiments of the consumer culture, it is difficult to accept that retail businesses will be empty. Nevertheless, will the economy incentivize the bargain hunters to brave the added security obstacles to storm the doors for the reward of super discount pricing?
We all should know that Jesus was not born on December 25th or during the winter season. Heck, in this secular culture some even argue that HE did not even exist. So why should it be surprising that so many ‘PC’ devotees’ are so dedicated to purging the Savior from the public square? The American empire has become a pagan Saturnlian culture. Saturnlia was the greatest festival of the Roman year, and was marked with great feasting, gift-giving, dancing, playing, and relaxing. Homes were decorated, work was suspended, and there was general merry-making done by all.
As the holiday season draws nearer, it is nice to know that a present for all Americans and future generations is building as the hordes of consumers’ storm the aisles of their favorite box store so that they can go further in debt. Much like maxing out your plastic limits and paying the monthly minimum, the U.S. Treasury just keeps rolling over their debt since their credit card has no ceiling. The banksters behind the Federal Reserve have no problem with monetizing the national debt, since the Treasury provides their stamp of guarantee. As the public sector continues their spending spree, few really know the extent and amount of their share of the obligation.
Once again, the practices of the “Too Big to Fail” banksters bring the financial money machine to the brink. The J.P. Morgan derivative losses and trading gambles by their “London Whale” demonstrate business as usual in the murky world of risk distortion. Even the vexing progressive Robert Reich makes an accurate assessment for breaking up the big banks and the resurrecting of Glass-Steagall.
Even to the casual observer, the financial condition of government budgets are under severe stress. Taxes have gone up consistently and have outpaced any meager adjustments in income for most taxpayers. No one can reasonably expect that municipal financing is assured by simply raising assessments and rates to keep their bloated bureaucracies solvent. Since the middle class has never recovered from the money centered meltdown, the average community struggles with diminished resources.
The UK media is out in force to scare Brits from voting to leave the European Union. Thursday June 23: Date of the in/out referendum is set for the vote. Just the notion that an actual plebiscite will take place on such an important issue, is encouraging. Proponents of exiting the EU are natural allies in the struggle to promote national populism. The long and distinguished history of England has an opportunity to show the world that the voice of the people can register a resounding repudiation against the technocrats of an unelected European Union.
The long-term goal of Communist Red Chinese is to take over the wealth creation resources of the planet. The quasi merger between the authoritarian Maoists and the global capitalists plays out as a sorry act in the Beijing Red Theater. The performance designed to distract and confuse really has the destruction of Western economies as the climax. The sell out of the West, under the skilled dirty hands of Herr Heinz Henry A. Kissinger, is entering the final stages of a planned implosion. Now that the de-industrialization of America as described in the article, Free Trade Created the Chinese Model, has taken placed, the theft of our natural assets is the next to go. The Chinese exploits the use of U.S. Foreign-Trade Zones. A depiction of the function and working of such Foreign-Trade Zones follows:
What are the consequences for Social Security in an economy where fewer and fewer workers have a job? Add in the tax burdens that come to comply for Obamacare coverage and it is difficult to see where all the needed new employment will come from to keep funding the government Ponzi scheme? Government apologists will just compose a new “Washington Two Step” routine to dance around empirical facts, but just maybe part of their next choreography will be to allow even more illegal’s pay into Social Security so that the transfer system can continue.