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Old 08-06-2011, 06:40 PM
  #11  
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I wonder if Texas, for instance, can leave the Union and have their residents not pay any more fed tax to the sinking ship?
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Old 08-06-2011, 07:27 PM
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Originally Posted by TonyWilliams
I wonder if Texas, for instance, can leave the Union and have their residents not pay any more fed tax to the sinking ship?
Careful now, may I politely suggest we keep this thread on a purely economic footing? There will be plenty of time to slash throats and construct gallows later.

In the meantime we need to get busy making those deck chairs look shipshape by neat arrangement. And we don't want "you know who" to show up.
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Old 08-06-2011, 07:31 PM
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Originally Posted by jungle
In the meantime we need to get busy making those deck chairs look shipshape by neat arrangement.

The band is already playing.
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Old 08-06-2011, 07:43 PM
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Originally Posted by TonyWilliams
The band is already playing.
The band has been playing for a very long time, and there aren't any lifeboats on this ship. You have to, as you already know, build your own.

Good advice:http://www.youtube.com/watch?v=5uo94DSTzdc

Last edited by jungle; 08-06-2011 at 08:14 PM.
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Old 08-06-2011, 07:59 PM
  #15  
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Originally Posted by TonyWilliams
I wonder if Texas, for instance, can leave the Union and have their residents not pay any more fed tax to the sinking ship?


Texas is a free and independent State, subject only to the Constitution of the United States...

"(Note that it does not state "...subject to the President of the United States..." or "...subject to the Congress of the United States..." or "...subject to the collective will of one or more of the other States...")"

But then again, leaving the U.S.of A. has some inherent flaws.
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Old 08-06-2011, 08:44 PM
  #16  
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Originally Posted by CaptainCarl

Texas is a free and independent State, subject only to the Constitution of the United States...

"(Note that it does not state "...subject to the President of the United States..." or "...subject to the Congress of the United States..." or "...subject to the collective will of one or more of the other States...")"

But then again, leaving the U.S.of A. has some inherent flaws.
Well Norway, that didn't work out too well the last time, and it caused all sorts of bother. And widespread death and maiming. The last state to try to secede did so through a UN petition, and that also resulted in death.
Just a little history, it differs from the books in places.
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Old 08-07-2011, 04:25 PM
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4 out of the 6 Asian markets are on the downside.

World Markets - CNNMoney.com

Up down ,up down and it's basically out of the everyday mans control anyway, best just to roll with it .

BTW are the losses paper or actual and who profits from this ?
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Old 08-07-2011, 07:31 PM
  #18  
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Originally Posted by DYNASTY HVY
4 out of the 6 Asian markets are on the downside.

World Markets - CNNMoney.com

Up down ,up down and it's basically out of the everyday mans control anyway, best just to roll with it .

BTW are the losses paper or actual and who profits from this ?
Who wins? Those who sold, or sold short, declining assets prior to their selloff.

Who loses? Those holding declining assets.

Also, look for hundreds of downgrades this week of state/city municipal bonds.
It may be out of our control, but it is not required to be there when it happens.

This explains it all in two minutes:http://www.youtube.com/watch?v=TYeVQzTVyLk

Last edited by jungle; 08-07-2011 at 08:51 PM.
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Old 08-09-2011, 03:44 AM
  #19  
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Stroke of genius for the folks who came up with the 401 k plans .
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Old 08-09-2011, 03:51 AM
  #20  
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Originally Posted by jungle
Who wins? Those who sold, or sold short, declining assets prior to their selloff.

Who loses? Those holding declining assets.

Also, look for hundreds of downgrades this week of state/city municipal bonds.
It may be out of our control, but it is not required to be there when it happens.

This explains it all in two minutes:‪Being There Seasons‬‏ - YouTube
What we need is dialogue that is simple and to the point really and not all muddled up .
Just have to love Sellers in this role.
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