Re: If you want a thread to die
Quote:
Originally Posted by
Champ967
Debatable.
For a nation as wildly widely diverse, nope.
Re: If you want a thread to die
Quote:
Originally Posted by
JuBru
For a nation as wildly widely diverse, nope.
Ok. Greatest wildly diverse nation. I can get on board with that.
Re: If you want a thread to die
Well thank the Lord that we don't put Sinners in the White House anymore!!
Come on Champ... be better than that. We all know that there has only been one perfect President in history and he died on Calvary 2000 years ago.
Oh, and you knuckleheads know that we actually have a joke thread already... well.... this thread is a joke... so carry on!!
Re: If you want a thread to die
Quote:
Originally Posted by
DocMarvin362
Well thank the Lord that we don't put Sinners in the White House anymore!!
Come on Champ... be better than that. We all know that there has only been one perfect President in history and he died on Calvary 2000 years ago.
Oh, and you knuckleheads know that we actually have a joke thread already... well.... this thread is a joke... so carry on!!
Knuckleheads? Now you're a name-calling meanie.
Re: If you want a thread to die
Re: If you want a thread to die
Quote:
Originally Posted by
DocMarvin362
Well thank the Lord that we don't put Sinners in the White House anymore!!
Come on Champ... be better than that. We all know that there has only been one perfect President in history and he died on Calvary 2000 years ago.
Oh, and you knuckleheads know that we actually have a joke thread already... well.... this thread is a joke... so carry on!!
This thread is diverse.
Re: If you want a thread to die
Quote:
Originally Posted by
DocMarvin362
Come on Champ... be better than that. We all know that there has only been one perfect President in history and he died on Calvary 2000 years ago.
Correcto-mundo!
The way some professed followers of Christ get all goo-goo eyed for the founders of this above-average federation continues to baffle / amuse me.
Posts in the Football forum that belong in the Paw-litics forum
Just wondering about what y'all think about this. Some economists are saying this law could destroy our economy. Here is part of an article written about it:
On this date, U.S. House of Representatives Bill “H.R. 2847” goes into effect.
In 2010, the U.S. Congress passed House of Representatives bill H.R. 2847.
Hidden within this bill is a provision known as "FATCA," which stands for the Foreign Account Tax Compliance Act.
This bill does several important things, as of July 1st, 2014:
1. It forces all worldwide banks to comply with the IRS if they have any transactions in U.S. dollars.
2. Because the U.S. dollar is still the world's reserve currency, it essentially means ALL WORLDWIDE BANKS, except for the smallest community institutions, must comply.
3. To comply, banks can either spend a fortune segmenting, tracking, and potentially "taxing" their U.S. dollar transactions by as much as 30%... or they can simply get rid of all of their U.S. customers.
In other words, the U.S. government is saying to all banks around the world: If you deal in U.S. dollars in any way, you have to give us full, unfettered access to all of these transactions... or you have to get rid of all of your U.S. customers.
The repercussions here are enormous:
For one, it means more and more institutions will move AWAY from the U.S. dollar, accelerating the already rapid worldwide move away from the dollar as reserve currency.
For another, it essentially makes it extremely difficult, if not impossible, for the average American to get some of his money out of U.S. dollars, and into more stable currencies via foreign banks.
Already, we've seen two of the largest banks in the world, JP Morgan Chase and HSBC, basically eliminate international wire transfers. Many small banks have reportedly followed suit.
And we expect many, many more banks to basically outlaw international wire transfers, the run up to this new July 1st law.
This is a clear example of Capital Controls. This is what a broke and desperate government does when they know the value of their currency is about to collapse.
We've seen governments around the globe pull these stunts over and over again... right before a currency devaluation or collapse. And now it's happenings right here, in the United States of America.
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Re: Posts in the Football forum that belong in the Paw-litics forum
All the crapola taking place now just drives home the point: "Government is not the solution to problems. Government IS the problem."
We need another Ronaldo Maximus.
Re: Posts in the Football forum that belong in the Paw-litics forum
Quote:
Originally Posted by
70TECHGRAD
Just wondering about what y'all think about this. Some economists are saying this law could destroy our economy. Here is part of an article written about it:
July 1st, 2014
On this date, U.S. House of Representatives Bill “H.R. 2847” goes into effect.
In 2010, the U.S. Congress passed House of Representatives bill H.R. 2847.
Hidden within this bill is a provision known as "FATCA," which stands for the Foreign Account Tax Compliance Act.
This bill does several important things, as of July 1st, 2014:
1. It forces all worldwide banks to comply with the IRS if they have any transactions in U.S. dollars.
2. Because the U.S. dollar is still the world's reserve currency, it essentially means ALL WORLDWIDE BANKS, except for the smallest community institutions, must comply.
3. To comply, banks can either spend a fortune segmenting, tracking, and potentially "taxing" their U.S. dollar transactions by as much as 30%... or they can simply get rid of all of their U.S. customers.
In other words, the U.S. government is saying to all banks around the world: If you deal in U.S. dollars in any way, you have to give us full, unfettered access to all of these transactions... or you have to get rid of all of your U.S. customers.
The repercussions here are enormous:
For one, it means more and more institutions will move AWAY from the U.S. dollar, accelerating the already rapid worldwide move away from the dollar as reserve currency.
For another, it essentially makes it extremely difficult, if not impossible, for the average American to get some of his money out of U.S. dollars, and into more stable currencies via foreign banks.
Already, we've seen two of the largest banks in the world, JP Morgan Chase and HSBC, basically eliminate international wire transfers. Many small banks have reportedly followed suit.
And we expect many, many more banks to basically outlaw international wire transfers, the run up to this new July 1st law.
This is a clear example of Capital Controls. This is what a broke and desperate government does when they know the value of their currency is about to collapse.
We've seen governments around the globe pull these stunts over and over again... right before a currency devaluation or collapse. And now it's happenings right here, in the United States of America.
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Source?
I serious doubt any law that will negatively effect big banks will pass congress. Why?
Guess who has the biggest lobby and gives more money to politicians, Democrat or Republican. Yep you guess it the big banks, Goldman Sachs, JP Morgan et al
Re: Posts in the Football forum that belong in the Paw-litics forum
Quote:
Originally Posted by
longdawgview
Source?
I serious doubt any law that will negatively effect big banks will pass congress. Why?
Guess who has the biggest lobby and gives more money to politicians, Democrat or Republican. Yep you guess it the big banks, Goldman Sachs, JP Morgan et al
Just ignore it. Most of it is wrong.
1. Not about currency. If the bank has a U.S citizen's account, then that bank has to reveal all the account details to the IRS.
2. Invalidated by #1.
3. The 30% is how much a U.S. payor is supposed to withhold from non-compliant banks/citizens.
Changing from a dollar-backed to a renminbi-backed reserve currency doesn't change a person's citizenship.
Conversion of U.S. dollars into any foreign currency is not affected. Conversions just become more nuanced.
International wire transfers are still happening.
I'm iffy on the capital controls statement, though. Could really go either way.
That doesn't mean the FATCA stuff is good/effective/non-redundant.
http://americansabroad.org/issues/fa...d-be-repealed/
RNC appears in favor of repealing FATCA.
https://www.abolishfatca.com/live/RN...Resolution.pdf
Sources:
http://www.irs.gov/Businesses/Corpor...ct-%28FATCA%29
http://www.treasury.gov/resource-cen...ges/FATCA.aspx
http://en.wikipedia.org/wiki/Foreign...Compliance_Act
http://www.iexpats.com/fatca/
http://www.cnbc.com/id/101450365
http://www.forbes.com/sites/halahtou...rawals-either/
