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theo
Penny Hoarding Member
USA
588 Posts |
 Posted - 01/25/2010 : 12:25:03
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I know most of you aren't surprised by this number, but the fact that the source is CNBC (and not Alex Jones) is a little unnerving to me at least. What is even more disquieting is that neither of these guest experts seemed perturbed by this obviouis money printing. Anyway here's the video.
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 01/25/2010 : 12:47:18
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That's because their job is to present it to the peepul in a way that makes it appear a normal, reasonable and proper thing to do.
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Trust the government? Ask an Indian. |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 01/25/2010 : 13:25:18
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I was thinking of landscaping my yard.
Billing myself 50,000 and then go to a bank to borrow against my accounts receivable.
And when they ask me "is this your accounts receivable?".
I'll simply truthfully reply, "Now that depends on what the definition of is...is." |
Come to the new and improved realcent: http://realcent.org
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country_bumpkin
Penny Sorter Member
USA
86 Posts |
Posted - 01/25/2010 : 13:33:55
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Excellent!
Try this....pay your overdue $50,000 tax bill with a home equity loan.
Tell the bank, "I can't pay my mortgage any more" and walk away.
The Gov't bails out the bank, and pays itself for its tax bill.
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“He who goes a-borrowing, goes a-sorrowing.”
- Benjamin Franklin |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 01/25/2010 : 13:46:27
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Actually,
What I would do to avoid the taxes on that 50,000 is spend the accounts receivable loan on a Aluminum can recycling business.
You only get about 1-2 cents per can. But the cans cost about $20.00 for a pack of thirty. On top of it they're usually full of beer. So right there I can write off the 19.40 per grouping of 30 cans. Plus the time involved in emptying them, gas etc. And I'm sure I'd have to set up a home office, maybe include processing costs like a urinal. The possibilities are endless |
Come to the new and improved realcent: http://realcent.org
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 01/28/2010 : 17:26:27
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quote:
Originally posted by thogey
Actually,
What I would do to avoid the taxes on that 50,000 is spend the accounts receivable loan on a Aluminum can recycling business.
You only get about 1-2 cents per can. But the cans cost about $20.00 for a pack of thirty. On top of it they're usually full of beer. So right there I can write off the 19.40 per grouping of 30 cans. Plus the time involved in emptying them, gas etc. And I'm sure I'd have to set up a home office, maybe include processing costs like a urinal. The possibilities are endless
Let me know if you need a business partner! But I'd focus on the bottle deposit angle, I can't stand brew from a can. I could contribute some SERIOUS LOSSES! 
Can you get any "Green-grants" for recycling?
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 01/28/2010 : 19:28:00
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Well Delaware Jack,
Not a partner, I might need an employee.
We can't do bottles. That would be TAX FRAUD!
You'll have to empty the cans into a glass.
I'm sure you would demand a salary. Remember payroll worker's comp, unemployment tax and vacation time.
I'm sure we could work in some professional development programs. Maybe a seminar in New Orleans or Las Vegas.
I would demand dedication and efficiency from my employees.
Eventually you would be promoted to instructor. Send me a resume |
Come to the new and improved realcent: http://realcent.org
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Edited by - thogey on 01/28/2010 19:39:46 |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 01/28/2010 : 20:10:33
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| Has anyone noticed that all the talk about auditing the Fed has magically seemed to die? |
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Nickelless
Administrator
USA
5580 Posts |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 01/28/2010 : 20:27:36
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quote:
Originally posted by thogey
I was thinking of landscaping my yard.
Billing myself 50,000 and then go to a bank to borrow against my accounts receivable.
And when they ask me "is this your accounts receivable?".
I'll simply truthfully reply, "Now that depends on what the definition of is...is."
Read my analogy,
They simply delay payment to their creditors.
How, do you ask? They print money.
It's that simple, the actual process may be complicated and expensive, but the concept is that simple. |
Come to the new and improved realcent: http://realcent.org
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Topic |
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80% of Treasury Debt Bought by Fed: CNBC Reports
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