Paradoxium's Financial 'Tao of Fail' Extravaganza!

[Kelly]

Is anyone concerned that the top employer in many of the states is
GOVERNMENT ?

Not when its my job.....

 

[Paradoxium]

Not when its my job.....

Join the dark side and take on a private sector teaching job

Although when America defaults I guess you still have job prospects overseas. They pay well I hear, with tons of benefits too.

 

[Timstuff]

State Senator Greg Walker filed a bill to request Indiana be able to use a gold standard. So I guess it appears one state might not fail.

Eliminating the gold standard to this day is one of our country's biggest economic fails of all time. Now instead of money that represents gold, we've got a bunch of paper that's value is never consistent, and has lately been getting close to closing the value gap with toilet paper.

One of the economic problems that allowed the Nazis to take over Germany was rapid inflation, which got so bad that the (then open) government eventually started asking for taxes to be paid in gold instead of marks.

I'd like to think our country will never be made so desperate by inflation that we'd elect a tyrant, but we've never had it that bad, and I don't care to see us put to that test. I think that returning to a gold standard would do wonders for the value of our currency, because there would always be a concept of "This much money is worth this much gold." It would take away our government's license to take shortcuts by putting more money into circulation, and it would instill more faith in the people since gold is a constant, while the abstract concept of valuable paper is not.

 

[chaseter]

Texas lives

 

[The Incredible Hulk]

I'd like to think our country will never be made so desperate by inflation that we'd elect a tyrant, but we've never had it that bad, and I don't care to see us put to that test. I think that returning to a gold standard would do wonders for the value of our currency, because there would always be a concept of "This much money is worth this much gold." It would take away our government's license to take shortcuts by putting more money into circulation, and it would instill more faith in the people since gold is a constant, while the abstract concept of valuable paper is not.

technically gold isnt constant. It's value changes daily, the same as the US Dollar or any other commodity.

 

[Timstuff]

Yes, but if a country collapses, the gold is still valuable, which is why it makes a better standard than another country's pieces of paper. Gold is not going anywhere, but the way things have been lately, the dollar very well could be. If we don't adopt a stable standard for what our currency is worth, it might not be long before we end up using "Ameros" with Canada and Mexico. For practical reasons we may already be headed in that direction, but it doesn't change the fact that we shouldn't be trading around meaningless paper that does not have any precious materials backing it.

 

[Paradoxium]

The comedic sideshow called California: pay no money but expect to get paid.

Schwarzenegger Plan for Furloughs Upheld by Judge

California Governor Arnold Schwarzenegger can order thousands of state workers to take two unpaid days off a month to cut $1.4 billion from the budget, a judge ruled.

Superior Court Judge Patrick Marlette in Sacramento, California, today ruled in favor of Schwarzenegger in a lawsuit brought by employee unions seeking to block the furloughs. Schwarzenegger said yesterday that he would lay off workers to achieve the savings if he lost in court.

Counties threaten tax revolt against California budget

California counties are throwing another wrinkle into the state's cash crisis as Gov. Arnold Schwarzenegger and legislative leaders try to agree on a way to erase a $42 billion budget deficit.

Several counties are considering some form of tax revolt—either filing lawsuits or delaying tax payments to the state—because the governor has proposed withholding payments to them for as long as seven months in a move to preserve cash.

 

[Raiden]

I think our tax return will be replaced with IOUs this year.

 

[chaseter]

I think I am glad I don't live in Caleefonia.

 

[Paradoxium]

I think I am glad I don't live in Caleefonia.

Good thing they are bringing everyone down on their knees as well. Since they are ground zero for the entire Financial Crisis.

chaseter, since I vowed not to post in the Economic Thread anymore. I wanted to put an aside to this reply. Jon Stewart's trickle up theory sounds good but in practice does the following:

- Originally American bank sells bad "assets" (security wrapped mortgages with BS AAA ratings) to Foreign Banks, that default due to mortgages resets on interest rates. This is why the crisis is so globalized.

- So under Stewart plan: the government borrows money from the same Foreign Banks who got screwed, to give the debtors a means to repay their mortgages back to some American banks and the same Foreign banks that just lent out this money to the government.

So in effect, you're borrowing money from John Smith to repay some money you couldn't pay back to John Smith, and you aren't even giving back the full amount too because some of it is going to other people (American banks). You are technically not recapitalizing all the American big banks in trouble as well, if you understand how these mortgages were sold around like assets globally.

It also introduces the moral hazard of more people defaulting on purpose to get bailed out, when they otherwise should not...

Thought you should know

 

[Ugfugly]

I am so against any form of redistribution of wealth or "bailout". Just let people keep what they earn so that they can get on with business and pay for the things they need.

Then the government can just ****, practice what they preach and don't spend so much. This stupid bill is nothing but pork

 

[Kelly]

Join the dark side and take on a private sector teaching job

Although when America defaults I guess you still have job prospects overseas. They pay well I hear, with tons of benefits too.

Oh hell no, there is not a private school in Houston that can pay me what I'm making now, with benefits. Noooooooooooooooooooo way!

And except for the Dallas ISD, public schools will weather this economic storm.....PRIVATE SCHOOLS are dropping like flies.

 

[Paradoxium]

Weather? Probably get pay raises if that stimulus passes over. Though I not sure it can weather the storm if America defaults.

 

[Kelly]

Don't see much there for the teachers in that spending package. I see alot for certain programs....which means the only way I would see any of that money is to start saying yes everytime someone wants me to work with a new program.

 

[Paradoxium]

I assumed wrongly

On another note, it looks like eight different states at approximately the same time are now trying to declare sovereignty

They are: Arizona, Hawaii, Michigan, Missouri, Montana, New Hampshire, Oklahoma, Washington

Surprised the MSM is not reporting this... oh well...

 

[Paradoxium]

1. Washington
http://apps.leg.wa.gov/billinfo/summary.aspx?year=2009&bill=4009

2. New Hampshire
http://www.gencourt.state.nh.us/legislation/2009/HCR0006.html

3. Arizona
http://www.azleg.gov/FormatDocument.asp?inDoc=/legtext/49leg/1r/bills/hcr2024p.htm

4. Montana
http://data.opi.mt.gov/bills/2009/billhtml/HB0246.htm

5. Michigan
http://www.legislature.mi.gov/(S(sj...-2010/Journal/House/htm/2009-HJ-01-22-002.htm

6. Missouri
http://www.house.mo.gov/content.aspx?info=/bills091/bills/HR212.HTM

7. Oklahoma
http://axiomamuse.wordpress.com/200...tor-charles-key-wants-to-limit-federal-power/

8. Hawaii
http://www.hawaii-nation.org/

Is this common?

 

[danielisthor]

Just looking at New Hampshires link. They already have cause to leave the Union by accordance to thier state constitution...........


That any Act by the Congress of the United States, Executive Order of the President of the United States of America or Judicial Order by the Judicatories of the United States of America which assumes a power not delegated to the government of United States of America by the Constitution for the United States of America and which serves to diminish the liberty of the any of the several States or their citizens shall constitute a nullification of the Constitution for the United States of America by the government of the United States of America. Acts which would cause such a nullification include, but are not limited to:

I. Establishing martial law or a state of emergency within one of the States comprising the United States of America without the consent of the legislature of that State.

II. Requiring involuntary servitude, or governmental service other than a draft during a declared war, or pursuant to, or as an alternative to, incarceration after due process of law.

III. Requiring involuntary servitude or governmental service of persons under the age of 18 other than pursuant to, or as an alternative to, incarceration after due process of law.

IV. Surrendering any power delegated or not delegated to any corporation or foreign government.

V. Any act regarding religion; further limitations on freedom of political speech; or further limitations on freedom of the press.

VI. Further infringements on the right to keep and bear arms including prohibitions of type or quantity of arms or ammunition; and

That should any such act of Congress become law or Executive Order or Judicial Order be put into force, all powers previously delegated to the United States of America by the Constitution for the United States shall revert to the several States individually. Any future government of the United States of America shall require ratification of three quarters of the States seeking to form a government of the United States of America and shall not be binding upon any State not seeking to form such a government; and

That copies of this resolution be transmitted by the house clerk to the President of the United States, each member of the United States Congress, and the presiding officers of each State’s legislature.

 

[Paradoxium]

Surprisingly California is one of the states also looking to declare sovereignty
http://www.leginfo.ca.gov/pub/93-94/bill/sen/sb_0001-0050/sjr_44_bill_940829_chaptered

You'd think Texas would be on it instead of California, wierd ****.

 

[Kelly]

We have a small group here in Texas talking about that.......they mostly live in the Davis Mountains.

I think Texas is more worried about the country to the South of us, more so than a few 100 fringe weirdos.

Canada is the one having much more problems than the US in that area.

Quebec, Alberta, British Columbia, even the Maritime Provinces have brought up the idea.

 

[Paradoxium]

Judges tentatively order Calif. inmates released

 

[danielisthor]

Judges tentatively order Calif. inmates released

Looks as if federal judges are overstepping state's rights.

 

[Paradoxium]

Cash crisis forces California to free 55,000 prisoners

Just over a third of the state's 158,000 prisoners must be set free by 2012 to ensure that basic healthcare is provided to those who remain behind, the judges said. The majority will go through early release and parole schemes.

 

[Malice]

Awesome....let out the bad guys!

 

[LastSunrise1981]

Awesome....let out the bad guys!

I don't think they'll let out the serial killers, child molestors, and etc. If anything they'll probably release guys who have minor crimes compared to the ones I listed. When I say minor I mean child support and so forth.

I can't see them actually releasing dangerous criminals.

 

[Malice]

I don't think they'll let out the serial killers, child molestors, and etc. If anything they'll probably release guys who have minor crimes compared to the ones I listed. When I say minor I mean child support and so forth.

I can't see them actually releasing dangerous criminals.

I agree...but still...its insane