Boehner just tabled "Plan B" Now what?
CaptHenway
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Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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Why do we make plans? We make plans, not to follow them, but to be able to change them. You can't change a plan without having one in the first place. Onward, and over the cliff, with Plan C,D,E,F...
Proud recipient of two "You Suck" awards
Box of 20
Taxes have already been increased, just not implemented yet. Obamacare is officially a tax, in addition to cutting back on medicare already. You can't dole out healthcare to 10 or 30 million more people, using the same staffing levels without cutting care for existing patients and increasing prices and taxes. The forced wealth transfer continues.
I knew it would happen.
I knew it would happen.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>both parties want a financial crisis so they can blame each other. That is why we have a two party system - so it can be the other guy's fault. >>
It's part of the fundamental restructuring of America.
Then Obama and the democrats will introduce and push through a "tax cut " for those making less than xxxx.
No republican will vote against a "tax cut" , it would be political suicide for anyone actually to vote /be against a tax cut now.
End result....just what Obama wanted.
JMHO.
<< <i>Both parties will let us go over the cliff and taxes rise for everyone.
Then Obama and the democrats will introduce and push through a "tax cut " for those making less than xxxx.
No republican will vote against a "tax cut" , it would be political suicide for anyone actually to vote /be against a tax cut now.
End result....just what Obama wanted.
JMHO. >>
I've thought this for some time now, but felt that the Republicans must be aware of it, but hey, I'm looking at this logically.
We've been living on credit for years and the time has come to face facts, it's just a question of how much pain.
<< <i>Both parties will let us go over the cliff and taxes rise for everyone.
Then Obama and the democrats will introduce and push through a "tax cut " for those making less than xxxx.
No republican will vote against a "tax cut" , it would be political suicide for anyone actually to vote /be against a tax cut now.
End result....just what Obama wanted.
JMHO. >>
Taxes will rise for everyone. Those who claim Bush tax cuts only helped the rich will be quickly educated by reality.
If I recall correctly mandatory spending cuts kick in as well. The so-called cliff is thus not all bad.
I don't believe the regime can force through a selective tax cut excluding its class enemies. It won't fly in the House of Representatives.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
<< <i>
<< <i>Both parties will let us go over the cliff and taxes rise for everyone.
Then Obama and the democrats will introduce and push through a "tax cut " for those making less than xxxx.
No republican will vote against a "tax cut" , it would be political suicide for anyone actually to vote /be against a tax cut now.
End result....just what Obama wanted.
JMHO. >>
I've thought this for some time now, but felt that the Republicans must be aware of it, but hey, I'm looking at this logically.
We've been living on credit for years and the time has come to face facts, it's just a question of how much pain. >>
x2. Republicans will look even worse when democrats call to lower taxes on middle/lower class people and republicans and cornered into supporting it in order to live up to their low taxes promise. Bad november for republicans.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Bring the military home and put them in public schools.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I knew it would happen.
<< <i>I'd like to see how this sequestration thingie works. Any bets on how many exemptions there would be? >>
The conspiracy theories continue...turn off Rush Limbaugh.
As many exemptions as have been granted under the affordable health care act, more or less.
Edited to add: looks like about 1200 so far.
<< <i>This country isn't long for republicans. This isn't Reagan's America. This isn't your father's America. Conservatism is a dying breed. Demographics are changing. The country is becoming much more diverse, to the demise of republicans. There will be fewer Michele Bachmanns in government and more Barack Obamas when all is said and done in 20 years...we almost booted her (Bachmann) out this election. We'll kick her out in 2 years. If only we could vote Faux "News" out. >>
Conservatism is far from dying, it's just being outpaced by folks getting paid to breed.
What an odd comment. Now we have the theory that conservativism is dictated by demographics. Very interesting for everyone here to ponder.
I knew it would happen.
I am mainly concerned with the effect that the political impasse will have on precious metals. I would have expected that the dollar would be way down and metals would be way up, but that obviously is not the case.
Ignoring the politics of the situation, could it be that going off the cliff would be good for the dollar because it would raise revenue and cut spending, which Congress as a whole appears unable to do? If that were to happen and continue to happen, would that drive metals down?
<< <i>
<< <i>I'd like to see how this sequestration thingie works. Any bets on how many exemptions there would be? >>
The conspiracy theories continue...turn off Rush Limbaugh. >>
According to the Health and Human Services Department (HHS) 1,231 companies have applied for and received exemption to the new Affordable Health Care Act's restrictions on annual benefit caps. HHS says the healthcare waivers excuse about 4 million people, or about 3 percent of the population, from having to participate.
Seems the theories are real, alive and thriving. My money is on DoD getting the first sequestration waiver.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Somehow I feel if they cut anything from defense it will be veterans benefits to heighten the drama instead of tanks or fighter planes . I saw a story on bloomberg yesterday that the army says it doesn't need any M1A1 abrams tanks right now but congress is trying to make them buy some anyway
Captn, are you referring to my pointing out the troll's repeated provocations, or are you refering to his repeated unsolicited political commentary? I just want to be clear about what you have the problem with?
I knew it would happen.
<< <i>Somehow I feel if they cut anything from defense it will be veterans benefits to heighten the drama instead of tanks or fighter planes . I saw a story on bloomberg yesterday that the army says it doesn't need any M1A1 abrams tanks right now but congress is trying to make them buy some anyway
The M1A1 is an obsolete Tank that the ARmy has'nt purchased in years. They are still buying the A2 and hope to have the A3 ready by 2018...
I am trying to figure out why gold has dropped so much in recent weeks, when the old traditional logic says it should be soaring due to uncertainty. Do the old rules no longer apply?
<< <i>I am trying to figure out why gold has dropped so much in recent weeks, when the old traditional logic says it should be soaring due to uncertainty. Do the old rules no longer apply? >>
Fundamentals still apply and remain as strong as ever. Metals being affected by year end profit taking combined with move to cash as debt ceiling uncertainty drives fear of the unknown. Also hammering metal strength is growing dollar index strength as dollar keeps floating to the top during the world wide currency race to the bottom. Seems everyone wants to weaken their currency to strengthen their exports which raises their tax revenue and keeps their citizens working.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I am trying to figure out why gold has dropped so much in recent weeks, when the old traditional logic says it should be soaring due to uncertainty. Do the old rules no longer apply?
Fair enough, you asked a question that totally revolves around the political process but expected responses that were to be purely technical in nature. I think this demonstrates the difficulty in separating the gyrations of the precious metals markets from anything and everything political - it really can't be done in an honest way.
I knew it would happen.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>Somehow I feel if they cut anything from defense it will be veterans benefits to heighten the drama instead of tanks or fighter planes . I saw a story on bloomberg yesterday that the army says it doesn't need any M1A1 abrams tanks right now but congress is trying to make them buy some anyway
The M1A1 is an obsolete Tank that the ARmy has'nt purchased in years. They are still buying the A2 and hope to have the A3 ready by 2018... >>
As I recall they just said abrams. I must have added the number part in. I found this link which talks about it.
army says it has enough for the moment
even when they try to be fiscally prudent congress won't let them.
Until the stock market sends its signal on the "cliff," the cliff will remain. Equities appear to be crying out today.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Posturing at it's ugliest..............I have a hard time even listening to any of these fools. Futternutter them. MJ >>
My sentiments exactly.
Click on this link to see my ebay listings.
<< <i>@jmski ... I am complaining about everybody why is trying to make this a political thread, which our gracious host has banned.
I am trying to figure out why gold has dropped so much in recent weeks, when the old traditional logic says it should be soaring due to uncertainty. Do the old rules no longer apply? >>
Captain,
To answer your question concerning the gold drop.... Jim Sinclair wrote yeaterday his explaination for such. Probably the best explanation I've read in a long time. Sinclair now believes his top of $3400 gold is too low.... geez. Could Alf be right? Also, many CIGA's believe we're in the third and final wave up for gold. It will be the highest rise of all the waves. The old traditional logic still remains, however flushing out US dollars, replacing with gold, maybe the yuan, takes some time.
I wish you peace in 2013.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>It's called "pork" and it is very fatty.
Very appropriate.... And if you are one whom is getting the benefit [or eating] the PORK.... It all tastes good!