bigredfish
Known around here
Von Greyerz: The Real Move In Gold & Silver Is Yet To Start
Von Greyerz: The Real Move In Gold & Silver Is Yet To Start | ZeroHedge
Von Greyerz: The Real Move In Gold & Silver Is Yet To Start | ZeroHedge
Our area is very heavily tied to the automotive industry. I would venture to guess that 90% of the jobs in our area are tied to it one way or another.Thank God I'm retired, I feel sorry for those still in the job market. Just another sign that the middle class is being systematically gutted.
"A Lack Of Job Security": White-Collar Job Growth Stalls Hard
"A Lack Of Job Security": White-Collar Job Growth Stalls Hard | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
While hiring rates for those in the bottom-third of US income distribution has been on a tear (and largely going to part time workers, most of whom are illegal immigrants), white collar jobs hiring is stalling out across much of the US, with industries such as finance, technology, media, and professional services such as law and accounting all suffering despite the national unemployment rate hovering near historic lows.
Yes .. likewise it should be concerning .. big changes coming quicklyOur area is very heavily tied to the automotive industry. I would venture to guess that 90% of the jobs in our area are tied to it one way or another.
I was talking to a guy this weekend who is a salesman at one of the larger automation shops. He said things came to a screeching halt lately. He said the huge players in our area just put everyone on 35 hours, with voluntary layoffs.
Things are starting to look a lot like 08-09. I am scared for our community. Back then we really only had one huge company who was tied to automotive. Now every company is tied to them, and all these companies have exploded over the past 5-8 years.
That's the beauty of the Federal taxing system. It's about guaranteed to rip off investers on long term investments due to inflation (devalued money). I could not have devised a better system of sticking it to citizens. It's just one of the aspects of how the system transfers wealth from those taking personal risks while the gubermint doesn't have to risk anything.Biden Calls For Record High 44.6% Capital Gains Tax Rate
Biden Calls For Record High 44.6% Capital Gains Tax Rate | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
President Biden has formally proposed the highest top capital gains tax in over 100 years.
Here is a direct quote from the Biden 2025 budget proposal: “Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.”
Yes, you read that correctly: A Biden top capital gains and dividends tax rate of 44.6%.
Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New Jersey 55.3%, Oregon at 54.5%, Minnesota at 54.4%, and New York state at 53.4%.
Worse, capital gains are not indexed to inflation. So Americans already get stuck paying tax on some “gains” that are not real. It is a tax on inflation, something created by Washington and then taxed by Washington. Biden’s high inflation makes this especially painful.
This guy gets it
It's The End Of The Foreign Exchange Reserves As We Know It... Don't Feel Fine About It
It's The End Of The Foreign Exchange Reserves As We Know It... Don't Feel Fine About It | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
Yeah, really don't want to become my own Bank...If I ever buy the shiny pet rocks, I will be sure and not tell anyone as to try and prevent a future robbery...Wish there was a better play than shiny pet rocks, but I'm not seeing it..
Heard Chia Pets and Beanie Babies will make a come back as well as Luna crypto coins ..Wish there was a better play than shiny pet rocks, but I'm not seeing it..
Sounds like a plan to me...Pretty sure when the dollar is so devalued, we will be lucky to get 50 cents on the dollar in digital currency for our money.Don't listen to me, but please listen to this guy...