New IMF report: taxing the rich is good for the economy

Mr. Somebody

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:rudy: the rich have been taxed high in the past, and unfortunately the economy only grew stronger :bryan:
Yes, friend, because as someone said before they just raise the costs across their various products and we end up paying more money for everything.

The rich refuse to just eat those extra losses so they have to gather the money from their various sources, their consumers. What this might mean though is that consumers get greater benefits for purchasing goods at higher prices for certain products while other products we pay extra for but see no extra benefit because we need the product as part of our way of life, like say, gas.
 
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Scientific Playa

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too much debt doesn't hurt growth.

sooner or later the music stops playing .....

Wednesday, February 26, 2014
WOW China let the U.S. have it at the G20 meeting that just ended!



WOW China let the U.S. have it at the G20 meeting that just ended!
Wow! China really let the U.S. have it at the G20 meeting that just ended! The U.S. was complaining and accusing China of all sorts of financial mis-doings.

China stood up to the U.S. bullying and told the truth about the U.S. economy and the printing press of the Federal Reserve. They said the U.S. was living off printed money and the U.S. economy was fake and there was nothing really backing the 'prosperity' of the U.S.

China obviously knows the U.S. is running on fumes and was not going to stand for the U.S. trying to bully them. The U.S. is going down in stature in every respect.




China Drops Bombshell On US – Bankers Deaths, Bank Runs, Financial Bigwigs Running Scared – It Is All Connected!
Tuesday, February 18, 2014 13:37

By Susan Duclos
Fabian4Liberty breaks the news that China has started dumping the US dollar and says if you look around and all the heavy hitters in the financial world they are all saying “the time has come,” for the dollar to cease to be the world’s sole currency.
The Chinese has dumped almost $50 billion of US treasuries, the Japanese have dumped about $4 billion. What Fabian points out is that China is sitting on a record amount of surplus but are not buying US debt with it as they have always have.
The dollar is being phased out.
Add to that the slew of bankers’ deaths, the latest reported just this Tuesday morning, the high level financial workers who have told Fabian they were leaving the country because it is better for their families and better for “their personal safety,” the bank runs in multiple countries and riots in others, and we see it is all coming to a head.
As Fabian highlights, the average American is so dumbed down, they are clueless about the reality of what this complete collapse of the dollar will mean for them.






 
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sooner or later the music stops playing .....

Wednesday, February 26, 2014
WOW China let the U.S. have it at the G20 meeting that just ended!



WOW China let the U.S. have it at the G20 meeting that just ended!
Wow! China really let the U.S. have it at the G20 meeting that just ended! The U.S. was complaining and accusing China of all sorts of financial mis-doings.

China stood up to the U.S. bullying and told the truth about the U.S. economy and the printing press of the Federal Reserve. They said the U.S. was living off printed money and the U.S. economy was fake and there was nothing really backing the 'prosperity' of the U.S.

China obviously knows the U.S. is running on fumes and was not going to stand for the U.S. trying to bully them. The U.S. is going down in stature in every respect.




China Drops Bombshell On US – Bankers Deaths, Bank Runs, Financial Bigwigs Running Scared – It Is All Connected!
Tuesday, February 18, 2014 13:37

By Susan Duclos
Fabian4Liberty breaks the news that China has started dumping the US dollar and says if you look around and all the heavy hitters in the financial world they are all saying “the time has come,” for the dollar to cease to be the world’s sole currency.
The Chinese has dumped almost $50 billion of US treasuries, the Japanese have dumped about $4 billion. What Fabian points out is that China is sitting on a record amount of surplus but are not buying US debt with it as they have always have.
The dollar is being phased out.
Add to that the slew of bankers’ deaths, the latest reported just this Tuesday morning, the high level financial workers who have told Fabian they were leaving the country because it is better for their families and better for “their personal safety,” the bank runs in multiple countries and riots in others, and we see it is all coming to a head.
As Fabian highlights, the average American is so dumbed down, they are clueless about the reality of what this complete collapse of the dollar will mean for them.



The Chinese have been divesting from American Treasuries for several years now. Their holdings have stopped growing and even decreased I believe, yet rates haven't moved up. When exactly is the music going to stop playing? Investors are going to stop buying US debt sometime soon?:mjlol:
 

Scientific Playa

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The Chinese have been divesting from American Treasuries for several years now. Their holdings have stopped growing and even decreased I believe, yet rates haven't moved up. When exactly is the music going to stop playing? Investors are going to stop buying US debt sometime soon?:mjlol:

dunno when but i'm prepping by storing 50lb bags of beans, rice, and ammo.
 
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dunno when but i'm prepping by storing 50lb bags of beans, rice, and ammo.
Or you can stop reading ridiculous articles that only confirm your opinions. Who is next up to the plate to be the top dog in the world? China? They're a glorified low-cost producer. They don't innovate anything and their economy is just as, if not more, fragile than ours. Until there is a legitimate contender, the music keeps playing and right now, no one is even close.
 

Scientific Playa

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Or you can stop reading ridiculous articles that only confirm your opinions. Who is next up to the plate to be the top dog in the world? China? They're a glorified low-cost producer. They don't innovate anything and their economy is just as, if not more, fragile than ours. Until there is a legitimate contender, the music keeps playing and right now, no one is even close.


 

Scientific Playa

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You aren't smarter than anyone just because you're a contrarian breh. People like you said Japan was taking over in the 80s and look how that turned out. Offer some evidence or :camby:

China studied Japan's 80's rise and fall and may have learned some lessons about over expansion too soon.

I drive a 10 yr old Japanese auto that still runs brand new.
Japan fell off but didn't die.

Looking at the debt and Fed printing press, I'd describe myself as more pragmatic then contrarian.
 

Takerstani

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All the evil the IMF does to perpetuate poverty in the poorest nations? Lip service. And I don't agree, as I don't accept it's a matter of what's "good for the economy".
 
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