UncleBuck
Well-Known Member
demographics. simple math. statistics.
do i really need to explain percentages to you?
A great explaination of why our contry is going to the shitter.
- Thread starter ElfoodStampo
- Start date
do i really need to explain percentages to you?
ChesusRice
Well-Known Member
Most illegals get a paycheck and have payroll taxes taken out.
UncleBuck
Well-Known Member
about 50-75%, according to the CBO.
UncleBuck
Well-Known Member
it's pretty easy to estimate the population of illegals, their mean incomes, what percentage of their incomes is spent on rent, gas, or other taxable items and the like.
H.M. Murdoch
Well-Known Member
Bull fucking shit. It's impossible.
And besides, if the report was true, then why don't we import millions more, if they give more than they take?
Gotta go now Buck. As always, I enjoyed talking to you. And kicking your ass in debate.
UncleBuck
Well-Known Member
funny, i would bet that the middle 50% of americans spend about 24.5% of their income on rent/mortgage. i would bet that they make about $45,000 - $55,000 a year.
how the hell did i do that?
good job on declaring victory though. let me know when you can cite your claim that illegals pay no taxes, baby dick.
Aeroknow
Well-Known Member
Tell that to all my mexican sheetrocker friends in san jose ca
Hazydat620
Well-Known Member
Why do you blame that on them? You should be pointing the finger at these business owners who prey on the fact that they are illegal? You wonder why america isn't making loads off of it, cause every one else already is, mostly white republican farmers and business owners who get off on paying them the lowest they possible can, because they can.
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Aeroknow
Well-Known Member
Yup. And I lived in Salinas Ca for 8 yrs, never saw a single white guy picking the fields. Pretty rough job, and they are definitely being taken advantage of.
And then people wonder why they get sick eating the lettuce
UncleBuck
Well-Known Member
50-75% pay income taxes and FICA taxes under false SS numbers and will never see a penny of it back, baby dick.
ElfoodStampo
Well-Known Member
The Federal Reserve's Explicit Goal: Devalue The Dollar 33%
The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.
An increase in the price level of 2% in any one year is barely noticeable. Under a gold standard, such an increase was uncommon, but not unknown. The difference is that when the dollar was as good as gold, the years of modest inflation would be followed, in time, by declining prices. As a consequence, over longer periods of time, the price level was unchanged. A dollar 20 years hence was still worth a dollar.
But, an increase of 2% a year over a period of 20 years will lead to a 50% increase in the price level. It will take 150 (2032) dollars to purchase the same basket of goods 100 (2012) dollars can buy today. What will be called the “dollar” in 2032 will be worth one-third less (100/150) than what we call a dollar today.
The Fed’s zero interest rate policy accentuates the negative consequences of this steady erosion in the dollar’s buying power by imposing a negative return on short-term bonds and bank deposits. In effect, the Fed has announced a course of action that will steal — there is no better word for it — nearly 10 percent of the value of American’s hard earned savings over the next 4 years.
Why target an annual 2 percent decline in the dollar’s value instead of price stability? Here is the Fed’s answer:
“The Federal Open Market Committee (FOMC) judges that inflation at the rate of 2 percent (as measured by the annual change in the price index for personal consumption expenditures, or PCE) is most consistent over the longer run with the Federal Reserve’s mandate for price stability and maximum employment. Over time, a higher inflation rate would reduce the public’s ability to make accurate longer-term economic and financial decisions. On the other hand, a lower inflation rate would be associated with an elevated probability of falling into deflation, which means prices and perhaps wages, on average, are falling–a phenomenon associated with very weak economic conditions. Having at least a small level of inflation makes it less likely that the economy will experience harmful deflation if economic conditions weaken. The FOMC implements monetary policy to help maintain an inflation rate of 2 percent over the medium term.”
In other words, a gradual destruction of the dollar’s value is the best the FOMC can do.
Here’s why:
First, the Fed believes that manipulation of interest rates and the value of the dollar can reduce unemployment rates.
The results of the past 40 years say the opposite.
The Fed’s finger prints in the form of monetary manipulation are all over the dozen financial crises and spikes in unemployment we have experienced since abandoning the gold standard in 1971. The financial crisis of 2008, caused in no small part by the Fed’s efforts to stimulate the economy by keeping interest rates too low for, as it turned out, way too long is but the latest example of the Fed failing to fulfill its mandate to achieve either price stability or full employment.
The Fed’s most recent experience with Quantitative Easing also belies the entire notion that monetary manipulation can spur the economy. Between November 2010 and June 2011, the Fed tried to spur economic growth by purchasing $600 billion in Treasury securities, flooding the banking system with reserves and keeping interest rates low. In response the economy, which had been growing at a 3.4% annual rate, slowed to a 1% annual rate in the first half of 2011. Once, the Fed stopped supplying all of that liquidity, economic growth in the second half of the year accelerated to a 2.3% annual rate.
Second, the Fed does not use real time indicators of the price level. Instead, it views inflation through the rear view mirror of the trailing increases in the PCE. And, even when it had evidence of rising inflation — as it did in the first quarter of last year — it chose to temporize, betting that the spike in inflation would prove temporary.
This spike in inflation did prove temporary, as Fed Chairman Bernanke predicted at the time, but not for the reasons — a slack economy — that he cited. Instead, the growing debt crisis in Europe led to a massive shift in deposits out of the euro and into the dollar — an event totally out of the Fed’s control. Yet, this increase in the demand for dollars was far more important than any action taken by the Fed because it increased the value of the dollar and produced a slowdown in the inflation rate.
What we are left with is a trial and error monetary system that depends on the best judgment of 19 men and women who meet every six weeks around a big table at the Federal Reserve in Washington. At the end of a day and a half of discussions, 11 of them vote on what to do next. The error the members of the FOMC fear most when they vote is deflation. So, they have built in a 2% margin of error.
Given the crudeness of the tools the FOMC uses to set monetary policy, allowing for such a margin of error is no doubt prudent. For example, when the economy slowed in the first half of last year, inflation picked up, accelerating to a 6.1% annual rate during the second quarter. And, when the economic growth accelerated in the second half, inflation slowed. These results are the precise opposite of what the Fed’s playbook says are supposed to happen.
The best the Fed can do — an average debauch in the dollar’s value of 2% a year while producing recurring financial crises and a more cyclical economy — is demonstrably inferior to the results produced by the classical gold standard. Here’s just one example. The largest gold discovery of modern times set off the 1849 California gold rush and increased the supply of gold in the world faster than the increase in the output of goods and services. The price level in the U.S. did increase by12.4 percent over the next 8 years. That translates into an average of just 1.5% a year. The gold standard at its worst was better than the best the Fed now promises to do with the paper dollar.
The Fed’s best is hardly good enough. The time has arrived for the American people to demand something far better — a dollar as good as gold.
http://www.forbes.com/sites/charleskadlec/2012/02/06/the-federal-reserves-explicit-goal-devalue-the-dollar-33/
The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.
An increase in the price level of 2% in any one year is barely noticeable. Under a gold standard, such an increase was uncommon, but not unknown. The difference is that when the dollar was as good as gold, the years of modest inflation would be followed, in time, by declining prices. As a consequence, over longer periods of time, the price level was unchanged. A dollar 20 years hence was still worth a dollar.
But, an increase of 2% a year over a period of 20 years will lead to a 50% increase in the price level. It will take 150 (2032) dollars to purchase the same basket of goods 100 (2012) dollars can buy today. What will be called the “dollar” in 2032 will be worth one-third less (100/150) than what we call a dollar today.
The Fed’s zero interest rate policy accentuates the negative consequences of this steady erosion in the dollar’s buying power by imposing a negative return on short-term bonds and bank deposits. In effect, the Fed has announced a course of action that will steal — there is no better word for it — nearly 10 percent of the value of American’s hard earned savings over the next 4 years.
Why target an annual 2 percent decline in the dollar’s value instead of price stability? Here is the Fed’s answer:
“The Federal Open Market Committee (FOMC) judges that inflation at the rate of 2 percent (as measured by the annual change in the price index for personal consumption expenditures, or PCE) is most consistent over the longer run with the Federal Reserve’s mandate for price stability and maximum employment. Over time, a higher inflation rate would reduce the public’s ability to make accurate longer-term economic and financial decisions. On the other hand, a lower inflation rate would be associated with an elevated probability of falling into deflation, which means prices and perhaps wages, on average, are falling–a phenomenon associated with very weak economic conditions. Having at least a small level of inflation makes it less likely that the economy will experience harmful deflation if economic conditions weaken. The FOMC implements monetary policy to help maintain an inflation rate of 2 percent over the medium term.”
In other words, a gradual destruction of the dollar’s value is the best the FOMC can do.
Here’s why:
First, the Fed believes that manipulation of interest rates and the value of the dollar can reduce unemployment rates.
The results of the past 40 years say the opposite.
The Fed’s finger prints in the form of monetary manipulation are all over the dozen financial crises and spikes in unemployment we have experienced since abandoning the gold standard in 1971. The financial crisis of 2008, caused in no small part by the Fed’s efforts to stimulate the economy by keeping interest rates too low for, as it turned out, way too long is but the latest example of the Fed failing to fulfill its mandate to achieve either price stability or full employment.
The Fed’s most recent experience with Quantitative Easing also belies the entire notion that monetary manipulation can spur the economy. Between November 2010 and June 2011, the Fed tried to spur economic growth by purchasing $600 billion in Treasury securities, flooding the banking system with reserves and keeping interest rates low. In response the economy, which had been growing at a 3.4% annual rate, slowed to a 1% annual rate in the first half of 2011. Once, the Fed stopped supplying all of that liquidity, economic growth in the second half of the year accelerated to a 2.3% annual rate.
Second, the Fed does not use real time indicators of the price level. Instead, it views inflation through the rear view mirror of the trailing increases in the PCE. And, even when it had evidence of rising inflation — as it did in the first quarter of last year — it chose to temporize, betting that the spike in inflation would prove temporary.
This spike in inflation did prove temporary, as Fed Chairman Bernanke predicted at the time, but not for the reasons — a slack economy — that he cited. Instead, the growing debt crisis in Europe led to a massive shift in deposits out of the euro and into the dollar — an event totally out of the Fed’s control. Yet, this increase in the demand for dollars was far more important than any action taken by the Fed because it increased the value of the dollar and produced a slowdown in the inflation rate.
What we are left with is a trial and error monetary system that depends on the best judgment of 19 men and women who meet every six weeks around a big table at the Federal Reserve in Washington. At the end of a day and a half of discussions, 11 of them vote on what to do next. The error the members of the FOMC fear most when they vote is deflation. So, they have built in a 2% margin of error.
Given the crudeness of the tools the FOMC uses to set monetary policy, allowing for such a margin of error is no doubt prudent. For example, when the economy slowed in the first half of last year, inflation picked up, accelerating to a 6.1% annual rate during the second quarter. And, when the economic growth accelerated in the second half, inflation slowed. These results are the precise opposite of what the Fed’s playbook says are supposed to happen.
The best the Fed can do — an average debauch in the dollar’s value of 2% a year while producing recurring financial crises and a more cyclical economy — is demonstrably inferior to the results produced by the classical gold standard. Here’s just one example. The largest gold discovery of modern times set off the 1849 California gold rush and increased the supply of gold in the world faster than the increase in the output of goods and services. The price level in the U.S. did increase by12.4 percent over the next 8 years. That translates into an average of just 1.5% a year. The gold standard at its worst was better than the best the Fed now promises to do with the paper dollar.
The Fed’s best is hardly good enough. The time has arrived for the American people to demand something far better — a dollar as good as gold.
http://www.forbes.com/sites/charleskadlec/2012/02/06/the-federal-reserves-explicit-goal-devalue-the-dollar-33/
ElfoodStampo
Well-Known Member
ElfoodStampo
Well-Known Member
The fact of the matter is that since its very inception the Federal Reserve has played the key role in the destruction of our currency with a dollar today being worth just 5% of what it was in 1913.
Most notably (and we expect to receive our Nobel Prize for Economics nomination in the mail shortly after publishing this groundbreaking work) the US dollars has depreciated against every single physical commodity on the planet for nearly a hundred years. This can only be possible through one economic policy – currency expansion.
The very notion that the US dollar is not depreciating against other currencies, and that this is indicative of a successful monetary policy, is patently ridiculous. The EU, taking the lead from their colleagues in the United States, is printing trillions of Euros to keep the system afloat by slamming it with liquidity. So, in simplistic terms, if we print $10 trillion dollars and the Europeans print the equivalent amount of Euros, we have absolutely no change in our exchange rates, because they both retain the same value against each other as they had before the printing.
Where the value of this central bank toilet paper becomes apparent is not in the exchange markets cited by Mr. Krugman as an indicator of a healthy currency, but rather, in the amount of physical goods that government backed currency can buy.
Easy money (and the fraud that came with it) is to blame for the doubling (and subsequent halving) of home prices from 2001 through today. So, too, can we blame the Federal Reserve for the rising prices of our food, gas and energy.
Does Mr. Krugman actually believe that when you give investment banks around the world tens of trillions of free dollars to invest risk-free into whatever assets they deem appropriate, that they won’t force the prices of these assets through the roof? This is exactly what happened leading up to the 2008 crash, and this is what is happening today. Granted, we have a rise in demand as billions of people in China an India come online in the new global economy, but the majority of the price rises over the last few years have originated from the essentially free money the Fed has given to those specific entitites that actually do have the power to make markets move. By this logic, Mr. Bernanke undeniably has the power to control these prices, as he controls the money supply and the pipelines through which it is distributed.
When you consider that Mr. Krugman is a highly respected and influential economist whose ideas have been accepted and implemented by monetary and government officials without contemplation or discussion, then it becomes apparent how serious of a problem we are facing.
What’s scary is that we don’t think Mr. Krugman is lying to us when he speaks of these ludicrous theories. He , and those who implement these policies, actually believe them as Gospel, and that is much more dangerous.
We suggest that you follow the one investment strategy you need to know to protect yourself against the coming inflation monster and start acquiring physical commodities right now, because these people – these best-and-brightest of our financial and economic world – will not stop until the US dollar, our purchasing power, our retirement savings and our entire way of life are completely wiped out.
Most notably (and we expect to receive our Nobel Prize for Economics nomination in the mail shortly after publishing this groundbreaking work) the US dollars has depreciated against every single physical commodity on the planet for nearly a hundred years. This can only be possible through one economic policy – currency expansion.
The very notion that the US dollar is not depreciating against other currencies, and that this is indicative of a successful monetary policy, is patently ridiculous. The EU, taking the lead from their colleagues in the United States, is printing trillions of Euros to keep the system afloat by slamming it with liquidity. So, in simplistic terms, if we print $10 trillion dollars and the Europeans print the equivalent amount of Euros, we have absolutely no change in our exchange rates, because they both retain the same value against each other as they had before the printing.
Where the value of this central bank toilet paper becomes apparent is not in the exchange markets cited by Mr. Krugman as an indicator of a healthy currency, but rather, in the amount of physical goods that government backed currency can buy.
Easy money (and the fraud that came with it) is to blame for the doubling (and subsequent halving) of home prices from 2001 through today. So, too, can we blame the Federal Reserve for the rising prices of our food, gas and energy.
Does Mr. Krugman actually believe that when you give investment banks around the world tens of trillions of free dollars to invest risk-free into whatever assets they deem appropriate, that they won’t force the prices of these assets through the roof? This is exactly what happened leading up to the 2008 crash, and this is what is happening today. Granted, we have a rise in demand as billions of people in China an India come online in the new global economy, but the majority of the price rises over the last few years have originated from the essentially free money the Fed has given to those specific entitites that actually do have the power to make markets move. By this logic, Mr. Bernanke undeniably has the power to control these prices, as he controls the money supply and the pipelines through which it is distributed.
When you consider that Mr. Krugman is a highly respected and influential economist whose ideas have been accepted and implemented by monetary and government officials without contemplation or discussion, then it becomes apparent how serious of a problem we are facing.
What’s scary is that we don’t think Mr. Krugman is lying to us when he speaks of these ludicrous theories. He , and those who implement these policies, actually believe them as Gospel, and that is much more dangerous.
We suggest that you follow the one investment strategy you need to know to protect yourself against the coming inflation monster and start acquiring physical commodities right now, because these people – these best-and-brightest of our financial and economic world – will not stop until the US dollar, our purchasing power, our retirement savings and our entire way of life are completely wiped out.
IRON-EYES
Well-Known Member
IRON-EYES
Well-Known Member
IMO, those that knowingly employ illegals should be treated the same way pimps are treated and jailed accordingly.
They won't come if they can't find work, and they won't find work if assholes stop hiring the motherfuckers.
Hazydat620
Well-Known Member
They wouldn't come if legal citizen took up the work that they do. If there was no demand for their labor, there would be no reason for them to want to come.
IRON-EYES
Well-Known Member
Sounds to me like he must've met my parents
they just hate everyone