Aug
26
Aug. 23 (Bloomberg) — Dean Baker, co-director of the Center for Economic and Policy Research, talks about the U.S. deficit, economic outlook and tax policies.
Baker speaks with Deirdre Bolton on Bloomberg Television’s “InsideTrack.” (This is an excerpt of the full interview. Source: Bloomberg)
Duration : 0:4:1
Aug
14
Aug. 2 (Bloomberg) — Virginie Maisonneuve, head of global equities at Schroder Investment Management, talks about the global economic outlook.
She speaks on Bloomberg Television’s “Countdown” with Maryam Nemazee.
Duration : 0:4:26
Jul
30
Ron Paul: Obama Stimulus Package Will Turn Recession Into Depression
Filed Under Recession | 26 Comments
The Congressman also appeared on MSNBC this morning to discuss the same issue.
One commentator suggested that Paul’s analysis was misguided because “The house is already on fire” and something must be done to put it out.
“You are correct, the house is on fire,” Paul fired back, “and you think you’re putting water on it, but I think you are pouring kerosene on it.” he added.
“We got into this mess by spending too much, borrowing too much and inflating too much. Government was too big and we had too many regulations. We had rejected the market economy for decades, we have rejected the notion of sound money for decades, and we got into a mess this way. So what is the proposal? Spend more money, borrow more money, print more money, regulate more, it makes no sense whatsoever.” Paul asserted.
The Congressman suggested that a more sound approach to the crisis would be to abolish income tax and business tax to get Americans spending, whilst simultaneously cutting overseas spending to cover revenue losses.
“But the problem is no one wants to cut the American Empire,” Paul explained.
“Even Obama’s administration wants to increase spending overseas and increase military spending. As long as you want to run the world empire at a trillion dollars a year, believe me you cannot solve this problem.” he added.
Duration : 0:9:58
Jul
30
July 26 (Bloomberg) — Edward McKelvey, senior U.S. economist at Goldman Sachs Group Inc., talks about the outlook for the U.S. housing market and economy.
McKelvey speaks with Carol Massar on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)
Duration : 0:4:15
Jul
24
Debt : 62% of US Economy?
Filed Under Economy | 10 Comments
President Obama’s newly formed Commission on Fiscal Responsibility and Reform met today. Alyona’s guess, the number one topic today was the release of the Congressional Budget Office’s long-term budget outlook report. According to this report, by the end of this year, the federal debt will represent sixty-two percent of the nation’s economy, the highest levels since just after WWII. Alyona asks, what about the stimulus spending that some claim we need to nurse our economy back to health. Taking a look at the consensus from economists at the G20 there is absolutely no consensus. So Alyona asks, to spend or not to spend. Here to discuss this is Nicki Kurokawa from The Winston Group, and Christian Dorsey the Director of External and Government Affairs Economic Policy Institute.
Duration : 0:9:0
Jul
15
Health Care and Tax Reform
Filed Under Healthcare Reform | 25 Comments
Best concept to finance government in the history of mankind!
This concept “Life Without Income Taxes” would:
Provide money to:
•Pay for health care.
•Buy a home.
•Send our children to college.
•Give to charities.
•Investment in business.
•Buy U.S. Government Bonds and T-Bills.
•Finance home loans.
It will:
1. Lower Individual Income Taxes to Zero.
2. Lower Employment Taxes to 2%.
3. Lower State Income Taxes to Zero.
4. Lower Corporation Taxes to Zero.
5. Lower Estate and Excise Taxes to Zero.
6. Give retirees more money each month than Social Security.
7. Allow stay at home moms to have a retirement account.
8. Raise the minimum wage.
9. Lower the trade deficit.
10. Simplify the IRS tax code.
11. Lower the cost of goods and services.
This is how it works:
1. Individuals age 18-64 would save 5% of their income each year in a retirement account.
2. At retirement, the assets in the accounts will be converted to income producing instruments that will pay interest only payments each month. The principal is never spent and is left in the account until death. After death of both husband and wife, the assets in the account are converted to cash and are paid to the U.S. Treasury.
3. After 40 years, with all Americans participating, this concept would generate more income to the U.S. Treasury than the present Individual income tax collection system.
4. The “Tax” would not be collected until the death of both husband and wife, leaving both retirement accounts for the use of the surviving spouse.
5. Only 2% would be needed to support Social Security.
40 years from now this concept will produce more revenue the U.S. Treasury than the present individual income tax because:
2,500,000 people die each year. If 2,000,000 retirement accounts are worth $1.5 million, then $3 Trillion will be collected from the unused retirement accounts each year. ($1.5 m x 2.0 m =$3.0 Trillion)
Duration : 0:2:59
Jul
15
Barack Obama has spent all of Americas needed wealth savings during the hardest of economic times in a risky spend on government until we have no more savings plan. Do you write checks when your account is empty? Take the credit card away from the imbicile and put it away. Stop spending! Cut all government in half, you can only buy what you can afford. What happens when the times are hard and all your savings are depleted? YOU starve. Get ready for inflation followed by heavy Japan style deflation. Our government has prostituted our country globally for banking intrests to the point that it can fall. $775 billion dollars and no results? That is criminal negligence and fraud. IMPEACH OBAMA!!!!!
Duration : 0:3:59
Jul
12
July 6 (Bloomberg) — Joseph Battipaglia, an investment strategist at Stifel Nicolaus & Co., talks about the outlook for the U.S. economy.
Battipaglia also discusses his investment strategy and the outlook for stocks. Battipaglia talks with Matt Miller, Carol Massar and Dominic Chu on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
Duration : 0:5:35
Jun
30
Global Economy Headed For Slowdown
Filed Under Recession | Leave a Comment
Former Reagan Economic Advisor Art Laffer on the economic slowdown and eventual inflation from all the government stimulus.
Duration : 0:4:19
Jun
25
Financial Meltdown Collapse Crisis Bankster BailOuts Great Depression Banksters Stole Everything NWO
Filed Under Economic Depression | 7 Comments
http://www.ufovideo.net – Financial Meltdown Unemployment Rate Climbs after Stimulus Bankster BailOuts Economic Collapse Crisis Banksters Illuminati Martial Law Banksters Stole Your Grand Childrens Freedom to Socialism Soviet Union style welcome to Cuba Fascism Financial Meltdown Dictators Global Masters Martial Law Police State Alex Jones InfoWars Homeless in America USA Bilderberg Group American Fascists Home Mortgages Bubble Burst Home Evictions Mortgage End Game Breaking News Alert Eugenics CFR NWO Fema Camps New Orleans Katrina New World Order Coming Swine Flu Pandemic
Duration : 0:4:18