This simple equation should really be emphasized in school.
> I'm am very busy right now.
> Do I know how long it will last? No.
>
> But it been the best it has been in the last 3 years!!!
>
> The thing about gross income is that while its important, its not nearly important as NET income!!!:-D
>
> If you gross $1,000,000 a year, but your expenses are $1.1M a year...you got a problem 😉
I was showing a little etiquette, net is a little too personal but asking about a 10 yr trend of gross revenue don't really seem out of line to me.
Amen, Jud!
> If we don't get our debt under control the value of the dollar will be so low that it might take a wheelbarrow full of them to buy a loaf of bread. That has happened to others in the past and could be our future. Noticed that you did not take part in the poll by showing your gross income. Having grown up where those kind of questions being asked would get you a bloody nose or at the least a statement that it is none of your business, I will not be posting mine or any others income.
> jud
Quit being so gullible. The deficit is soooo important, than where were these guys when Bush Jr. declared war on two sh*tholes? Where were these guys when Corporate America outsourced virtually every manufacturing job? 10 years age we had a balanced budget, remember or have you conveniently forgot?
A country can't maintain a strong currency when they outsource all their manufacturing. You have to produce something. A weak dollar will attract investment, it's how the Chinese did it they pegged their yuan to the dollar for many years and just recently allowed it to float.
> > If we don't get our debt under control the value of the dollar will be so low that it might take a wheelbarrow full of them to buy a loaf of bread. That has happened to others in the past and could be our future. Noticed that you did not take part in the poll by showing your gross income. Having grown up where those kind of questions being asked would get you a bloody nose or at the least a statement that it is none of your business, I will not be posting mine or any others income.
> > jud
>
> Quit being so gullible. The deficit is soooo important, than where were these guys when Bush Jr. declared war on two sh*tholes? Where were these guys when Corporate America outsourced virtually every manufacturing job? 10 years age we had a balanced budget, remember or have you conveniently forgot?
>
> A country can't maintain a strong currency when they outsource all their manufacturing. You have to produce something. A weak dollar will attract investment, it's how the Chinese did it they pegged their yuan to the dollar for many years and just recently allowed it to float.
You are 100% correct, if as a country we produce nothing then the cash is flowing in the wrong direction as in out not in...consumers consume producers make money off the consumers.
The old idea that war helps the economy was no longer valid after WWII, this time around the Chinese made money off of our war, we gained casualties and huge debt, they got the money, the money flowed to China in the form of interest and debt.
After 1971 when Nixon took the dollar off the gold standard again...we were starting to become a debtor nation.
We just keep on reducing the value of the dollar, this is to compete with China and some underdeveloped countries for jobs, these days if the dollar gets stronger you will see unemloyment go up, this could be helped by some by stronger trade agreements but alas we have a bunch of dumba$$es negotiating the trade agreements, I personally would love to see Donald Trumph appointed to negotiate our countries trade agreements.
Also, I have to hand it to Germany, they do understand the concept of making a product that others want and making money off of it while keeping workers employed, we could likely learn something from their system on this topic.
We used to sacrifice and domestically raise the money pay for wars. But with Iraq/Afghanistan, we instead just borrow from the Chinese.
> The old idea that war helps the economy was no longer valid after WWII, this time around the Chinese made money off of our war, we gained casualties and huge debt, they got the money, the money flowed to China in the form of interest and debt.
The Chinese haven't really made money off the so-called "wars" (really just military actions, since we never declared war). We've basically funded the entire thing off of borrowing, so our debt to China has gone way up, but they haven't actually made money yet. We'd have to actually pay off our debt for that to happen, and there's no guarantee we'll ever pay it. So far, our national debt has gone up by much more than we've said we've spent on the "wars", so really, the entire thing has been run on credit.
At this point, the only clear winners are in the US military-industrial complex. Tons of actual money has gone to them, and continues to go them on a regular basis. Especially since both Bush and Obama seem to like the idea of hiring a huge mercenary force, instead of using our military and needing to consider things like the draft.
We have more civilians working for us in these "wars" than actual military. And I've heard the average pay for those people is about six times the pay for military personnel doing the same jobs. And those people get paid through their companies, who suck out their profit before paying their employees, so our country is actually paying more than that for our private civilian army.
The scary part is that this means we have a lot of powerful people with no incentive to see these "wars" end. By contrast, a never-ending quagmire is perfect, since it ensures they stay on the money train for years to come.
And meanwhile, here at home, Republicans are holding up everything and refusing to have any actual discussions about anything until they get cuts to social programs. The national debt is critically important, yet it's not so important that they're willing to consider anything but cuts to social programs. That tells me the Republicans don't really care about the debt, but instead are just trying to force more trickle-down economics on a nation that is growing increasingly disillusioned with and resistant to trickle-down economics. Disgusting.
We have the money; it is simply a question of who controls it.
"Permit me to issue and control the money of a nation, and I care not who makes its laws." -Mayer Anselm Rothschild, Banker.
"The process by which banks create money is so simple that the mind is repelled." -John Kenneth Galbraith, Economist.
I'm losing money on each job but I hope to make up for it in volume.
Paying off debt
> We've basically funded the entire thing off of borrowing, so our debt to China has gone way up, but they haven't actually made money yet. We'd have to actually pay off our debt for that to happen, and there's no guarantee we'll ever pay it.
Unfortunately, for the last 10 years the Treasury has been funding the deficit by issuing relatively short term notes (2, 5, 7 & 10 year ) since that decreases the cost of then interest payments to service the debt.
This August we have to start rolling over large amounts new debt to pay of maturing notes. In addition to the roughly 134 billion in new debt that will have to be issued in August just to fund the government's operation 467 billion of existing debt comes due. To me, the debt ceiling debate is largely academic. China has been a net seller of US debt the last six months, Japan cut back on purchasing US debt after the earthquake and the Federal Reserve has run out of QE2 monopoly money; I can see a situation where the treasury can be authorized by Congress to issue new debt, but they can't find a market to sell it.
Paying off debt
> > We've basically funded the entire thing off of borrowing, so our debt to China has gone way up, but they haven't actually made money yet. We'd have to actually pay off our debt for that to happen, and there's no guarantee we'll ever pay it.
>
> Unfortunately, for the last 10 years the Treasury has been funding the deficit by issuing relatively short term notes (2, 5, 7 & 10 year ) since that decreases the cost of then interest payments to service the debt.
>
> This August we have to start rolling over large amounts new debt to pay of maturing notes. In addition to the roughly 134 billion in new debt that will have to be issued in August just to fund the government's operation 467 billion of existing debt comes due. To me, the debt ceiling debate is largely academic. China has been a net seller of US debt the last six months, Japan cut back on purchasing US debt after the earthquake and the Federal Reserve has run out of QE2 monopoly money; I can see a situation where the treasury can be authorized by Congress to issue new debt, but they can't find a market to sell it.
Once our track record starts revealing the ponzi scheme, the major players will not want our debt, when/if this happens we will be really screwed.
When you own debt notes that you absolutely know that won't be repaid then the major difference between them and cow manure is that cow manure actually has some value.
Paying off debt
Under the current private bank owned money system the national debt will never be paid off. It's impossible. You need ever more private bank owned money to pay the interest therefore the balance only gets larger all of the time.
The current system has sort of worked over the last 300 years or so because we have had room for growth. But as the planet fills up and natural resources get scarcer the system will continue to show crumbling around the edges. You can bet the private bankers which own the system will make sure they are well taken care of while the average people continue to blame and hammer themselves.
But I'm not bitter.
Paying off debt
"I can see a situation where the treasury can be authorized by Congress to issue new debt, but they can't find a market to sell it."
You'd have to consider the depth and liquidity of the $U.S. as a reserve currency.
No other country has the sheer monetary capacity to trade at such a scale and with a $600 - $700 Trillion derivatives market it's gonna almost make sense to look to the $U.S.
I would guess that as the world economy dangles on the edge of worldwide economic depression the dollar, and subsequently Treasuries, will be recognized as the safest bet.
If the bubble does in fact burst then it won't help much to hold another nation's debt or currency and I would guess they would naturally internalize their respective economies.
New American Socialism
Best way out of this mess would be default if the folks that made the bad loans would have to take the loss. But we are past that as the bad assets of a big part of the problem have been bought by the government. So the losers are the American taxpayers.
It's the biggest fraud ever committed on earth and not one person has been charged with the crime. Default is still the best answer as it would get it over quick instead of taking everything from a couple of American generations. The longer this drags out the less that the folks that caused the problem will have to take the loss or bear any responsibility.
The transfer of wealth going on here is mind boggling. The folks that stole all the money in the end will be able to buy everything. Maybe a revolution like the French did is in order. American politicians can never solve this problem, they sold out long ago.
New American Socialism
Roberts says the Greek population are obviously opposed to so-called austerity measures yet the Greek politicians are selling them out to the European Central Bank so that private bankers can recover their bad loans to the Greeks. If Greece was really a democracy then they would default.
New American Socialism
I think the Greek deal only kicks the can a few months further down the road.
I keep up with gross and net in excel using regression to forecast. I have several models I use.
Ours took a nose dive three years ago and it's a struggle but our trend is up since then.
Looking at gross only is poor. Net allows you to find costs that are killing you. Two and a half years ago I spent a helluva lot of time tracking costs and using tools from my college. Now, both are up. If you gross 1 mil and have 0.995 mil in costs, well things aren't too good.
When this happened we reinvented the business model. Purchases equipment and opened up other markets that didn't lose money to subsidize the surveying.
