In an earlier your money segment, we told you about a possible $15,000 tax credit for anyone buying a home over the next year. The terms of that incentive have now been scaled back. AP Personal Finance Editor Trevor Delaney explains. (Feb. 17)
Your Money: Stimulus Credits
Posted by Mike at 1:55 AMTPMtv: Sunday Show Roundup: Take It Or Leave It?
Posted by Mike at 1:53 AMYour Daily Politics Video Blog: The economic stimulus package has been signed into law by President Obama, guaranteeing billions of dollars to individual states. Most governors are taking the money, but some Republican governors are refusing it in opposition to the stimulus package. And still others oppose the stimulus, but are taking the money anyway, because hey, it's free money. The question in today's Sunday Show Roundup: who wants it more?
Posted in blog, economic, governor, governors, Jindal, money, package, Politics, Sanford, schwarzenegger, stimulus, video |
The Next Depression?
Posted by Mike at 1:52 AMMore at therealnews/t/in...With markets in free fall, economist Peter Schiff opposes stimulus and printing money to fund it
Posted in depression, Economy, markets, money, news, peter, Real, Schiff, stimulus, threalnews, us |
The Economic Collapse of '09 - Economic Apocalypse - Depression and Revolution
Posted by Mike at 1:52 AMYou can't print money based on nothing, and you can't spend your way out of this problem, you must produce your way out, were two excellent points made by Glenn Becks guest; he gets it. Too bad out President, Mr. Obama doesn't get it. He also said: The only thing you have in this life is your dignity, and the only thing you leave behind are your words. Of course you leave behind a lot of junk, people who love or hate you, and maybe some videos on Youtube, but his point was that when you are gone, people will only know what you stood for by looking at your work; what you did and said. So you had better mean what you say, and say what you mean.Here's a rookie economic theory that I've had for quite a few years, and it involves China. For the last 20 plus years we have been buying more and more cheap products from China, which caused us to lose high paying jobs. People would then get lower paying jobs, but with the lower cost of goods because of the cheap imports, and with the government supplementing their income with various government programs, they did OK.Part two: The government has been running massive deficits, while at the same time the FED has been pumping massive amounts of money into the economy. One would think that this would cause a lot of inflation. I think the reason that it has not, is because of the cheap imports; they have kept downward pressure on prices. But I think we have reached a saturation point were we have replaced almost everything that used to be manufactured here, with cheap imports, therefore prices will not continue to fall. What will keep inflation down now? And now with all of this money that's being pumped into the economy, I believe that real inflation, and quite possibly hyperinflation, is on the way.Well that's my little theory, its not very well explained, because on top of not being an economist, I'm also not a writer.jbranstetter04Surviving the Coming Economic CollapseThe coming economic collapse I speak of is a meltdown in the value of the USD. This is going to be caused by hyperinflation. Hyperinflation is when the money creator, the Federal Reserve in this case, prints money nonstop and technically goes over 100% inflation rate. This means that at the end of the year, your money will only buy half of what it did at the beginning. It quickly spirals out of control as the government prints more and more and more to cover its obligations which get harder and harder to do because the money gets worth less and more worth less until it is worthless (note the spaces). If you want to see a good example, look at Zimbabwe now, Wiemar Germany post-WW1, and some others. Toilet paper will literally be worth more than a dollars. There will be so much around you will have no problem keeping warm in the winter cause you can burn it. How did we get here? Well, it all started in 1913 with the Federal Reserve Act and creation of the Federal Reserve. The Federal Reserve has the sole ability to print money. Originally, we were still on a gold standard but this officially ended in 1933-35 when FDR outlawed ownership of gold, confiscated gold, and only allowed foreigners to exchange dollars for gold. Then in 1971 Nixon, after all the printing going on to pay for the Vietnam war and to pay for the newly founded welfare society created by LBJ's "Great Society", had printed far more dollars than we could cover at the $35/ounce of gold. He told everyone to basically puck off; youre not getting any gold because we ran out. After that, the inflation really took off. This was because of the deficit spending from the national government for this program and that program and this war and that war and their unwillingness to increase visible taxes because if people knew how much these programs and wars really cost and how ineffective they really are, they might not like the people in government so much and we might have a repeat of 1776. Inflation though, is a hidden tax. It steals not your money, but your purchasing power. If the money supply increases 10%, your money has lost 10% of its power. This is what has caused the steady rise in prices over the decades. The sharp rise in gas is directly caused by inflation since 2001 and it's going to kill the dollar, the life blood of our economy.com/forums/9/to...
Posted in and, Apocalypse, bill, collapse, depression, economic, hyperinflation, impending, new, order, package, plan, recession, revolution, ruin, stimulus, world |
Stimulus Money, WHERE?! (Featuring Steve's breakdown)
Posted by Mike at 1:52 AMSubscribe! New video every Thursday.Featured Sites:patdollard/com/us/
Posted in Barack, Conservative, Crowder, Democrat, gates, Liberal, money, obama, package, republican, Steven, stimulus |
PJTV: Why Free Money is Bad
Posted by Mike at 1:50 AMJoe Hicks explains why the "Cash for Clunkers" program is doing more harm than good and why free money is never truly "free". - com
Posted in bailout, Cash for Clunkers, Joe Hicks, obama, Pajamas Media, PJTV, stimulus |
NP Money woes
Posted by Mike at 1:49 AMN. Prov officials are being investigated regarding stimulus money
Posted in money, north, providence, stimulus |
KC To Try For Federal Stimulus Money
Posted by Mike at 1:45 AM
Kansas City will try to get in line for more economic stimulus money from Washington, D.C.com/news/18...
Posted in budget, City, Economy, federal, government, Kansas, KMBC, Missouri, money, stimulus |
Where My Money Goes: Jolenes Junk
Posted by Mike at 2:49 AM
I often wonder where my money goes...So I made a video over a course of two weeks!!!!From Yard Sales, To Garage Sales To The Salvation Army... I just can't stop buying!Which item was your favorite?What do you spend your money on? :)While my Stimulus check went into my gas tank, my other money goes towards stuff to spruce up the trailer!I just can't stop buying! HELP :)This video has been on my drawing board for a while, not sure if it's what you're looking for, but you do get to see an inside look at some of my prized possessions in my trailer!More Cooking Shows Soon!Love You!Jolene SugarbakerThe Trailer Park Queen
Posted in arts, at, crafts, Decor, Decorating, fashion, Garage, home, ideas, Jolene, Junk, money, Park, stimulus, style, Sugarbaker, trailer, yard |
Money Minute: Stimulus Checks, Delta, Pizza
Posted by Mike at 2:47 AM
BusinessMoney Minute: Stimulus Checks, Delta, PizzaMoney Minute: Stimulus Checks, Delta, PizzaThe Associated PressThe first round of economic stimulus checks gave a boost to personal incomes in April but a huge question remains: Will people spend the checks quickly enough to keep the economy afloat? (May 30)AP Money MinuteThe first round of economic stimulus checks gave a boost to personal incomes in April but a huge question remains: Will people spend the checks quickly enough to keep the economy afloat?The Commerce Department reported that consumer spending barely budged in April, rising a tiny two-tenths of a percent, and income growth was just as weak, increasing a similar percent. The growth in incomes, held back by four straight months of jobs losses, would have been just 0.1 percent had it not been for the first wave of stimulus payments.------------Delta Air Lines is cutting at least 1,000 more jobs than it previously planned because the number of employees who accepted voluntary severance offers exceeded the company's goal. In March, Delta offered voluntary severance payouts to roughly 30,000 employees - more than half its work force - and cut U.S. capacity by an extra 5 percent. Delta said roughly 10 percent of the targeted employees took the offer.---------------------------------- ----It was 50 years when Dan and Frank Carney borrowed $600 and opened a small pizzeria in Kansas. Today that humble enterprise with a humble name - Pizza Hut - is now the world's largest pizza chain with $10 billion in annual sales and more than 11,000 stores worldwide. The chain is now updating its look - and its menu - a move analysts say is right for the company in the face of a struggling economy.I'm Mark Hamrick with AP Money Minute.(****END****)
Posted in checks, delta, Economy, minute:, pizza, stimulus |
Mayors Welcome Stimulus Money for Cities
Posted by Mike at 2:45 AM
Mayors from across the country gathered at the White House to discuss the money their cities will receive from the president's massive economic stimulus plan. (Feb. 20)
GOP Governors And Money
Posted by Mike at 2:42 AM
How will Republican governors respond to the money offered their state by a stimulus bill they did not support -- that and more from Washington Unplugged's roundtable.
Posted in governors, money, republicans, stimulus, washington |
WE WANT OUR MONEY BACK!!! Congressman DeFazio
Posted by Mike at 1:06 AM
cspanjunkie.org/February 09, 2009 C-SPAN
Posted in bailout, bush, congress, congressman, defazio, economic, Economy, paulson, peter, stimulus, street, Treasury, wall |
Steele on Cutting Flu Money: How Were We Supposed to Know?
Posted by Mike at 9:54 AM
more at cnnRNC Chairman Michael Steele, April 28, 2009
Posted in bill, cut, cutting, flu, funds, gop, Michael, money, package, pandemic, republican, steel, stimulus, swine, vote |
Taiwan's Economic Stimulus Vouchers (free money) -Part 3
Posted by Mike at 9:07 AM
Macarena?
Posted in asia, documentary, economic, Economy, lazy, pig, police, stimulus, Taiwan |