America is insolvent and has been so for a long time, and these games of massive deficits, stimulus and quantitative easing only delay the inevitable deflationary depression and economic and financial collapse, which has been deliberately created by Wall Street and banking to force us to accept World Government.
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Many say that the current taxation system on companies within the United States has sure flaws. Firstly, the high rate of 35% on company tax is claimed to be a deterrent to international investments. Many competing states, comparable to European nations and other developed nations, have pretty lower company taxes and subsequently, buyers might choose different locations for their businesses. Secondly, the taxation on firms is such that there is duplication of taxes. A primary precept of taxation is {that a} tax should be levied once on an income or expenditure. Nonetheless, certain company taxation procedures result in double taxation; companies profits are taxed at 35%, and then the dividend distribution of the earnings are taxed again at the capital acquire tax rate. Therefore, owners of companies have the businesses taxed and taxed again on the identical income.
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For the second time in three years, gasoline costs are easily heading toward the $4 per gallon mark. There are two different federal agencies that could have some stake in investigating possible manipulations of the industry. These two agencies have agreed to cooperate in these investigations. The effects of this increased enforcement, however, could possibly be difficult to discern. Article source – Federal agencies agree to cooperate on gas price investigation by MoneyBlogNewz.
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The paper dollar experiment of the last 40 years has reached an unsolvable impasse. Since 1971, when Nixon closed the gold window, there has been zero restraint on the Fed’s ability to finance the US government's boondoggle spending programs both foreign and domestic.
More on Big Time Trouble Dead Ahead Thanks to the Federal Reserve
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As US consumer spending increases, more of the household budget is spent on fuel and food. The Federal Reserve raised its estimate of inflation this year to a range of 2.1 percent to 2.8 percent, taking into account a recent surge in oil prices. However, it bumped its core inflation forecasts only marginally to a 1.3 percent to 1.6 percent range. Do those numbers reflect what you're paying?
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Gold rose above $1,500 an ounce to a record in London and New York on a weaker dollar. Silver reached a 31-year high, Bloomberg reports.
Crude oil spiked to $109.52 per barrel.
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Average fuel prices in the United States spiked six cents overnight late last week. Fuel costs on average rose 12 cents in the week from February 20-25. A sustained trend in increasing gas costs is forecast as oil futures continue to rise . Economists warn that an oil price shock could be a major setback to the U.S. economic climate as a weak recovery struggles to gain traction.
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During his Bretton Woods II weekend conference, billionaire financier George Soros has issued many bold statements, not the least of which included claiming that the Dollar had already fallen as the world’s reserve currency, and is now reduced to sharing the role, in an interview with Bloomberg:
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The national average fuel price is all however certain to hit $4 a gallon by summer. The price of oil has been increasing due to lower oil production and exports in Libya and Middle Eastern countries affected by political unrest, and as gasoline is a petroleum product, its cost is increasing also. The oil reserves held by The United States government may be utilized by the Obama administration should the industry prove inept at curbing rampant panic. Post resource – Gas price rises nationwide fueling speculation of energy crisis by MoneyBlogNewz.
More on Fear Of Power Crisis Looms As Countrywide Gas Cost Rises
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The outlook of Gross Domestic Product of the United States in 2011 has been downgraded to just a few percent. News reports often cite the GDP to explain the health of the economy. Economic growth, however, is far too complicated for one number to measure. The GDP is simply outdated. Source of article – Why GDP is not the best measure of economic growth by MoneyBlogNewz.
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