Government

[donquixote99]

Originally Posted by ZeroJunk

Jobs going overseas, credit bubbles, and the financial fiasco certainly damaged this country. But, that is no excuse for regulations that have nothing to do with any of that.

A simple thing like zoning laws and building permits in this county moved Greensboro from being the second largest city in the state to a town nobody ever heard of over the last 50 years. That's fine if you like a small town life, but it doesn't do much for jobs or the economy.

And, if you want industry you can't tax it prohibitively. Particularly when you are just kidding yourself if you think it doesn't just get passed on to you when you buy something.

You can't collect 50% tax to run the government and expect everything to be prosperous. Income tax, sales tax, gas tax, telephone tax, TV tax, property Tax, cigarette tax, alcohol tax, estate tax. If you actually keep 50% of what you earn you are lucky. And, they are still borrowing 30 cents on the dollar of what they spend and printing money out of thin air.

Prior mismanagement is not a reason to defend current mismanagement.

And, I can't see how anybody believes that government is well managed.

Good example is education. Guilford County has Taj Mahal county office with 10 directors making $100,000 plus. Years ago we had a local school board of unpaid parents and it would be hard to make the case that schools perform any better now. Government throws money at things and when that flops their answer is that they didn't have enough managers and throw enough money at it.

Ah, you're for Good Government? Me too!

Reform is the original progressive idea.

[4-2-7]

Originally Posted by ZeroJunk

I wonder how long government regulations and policies are going to strangle us in to zero growth until they realize that free market capitalism is what made the U.S. the largest economy in the world. Maybe when everything starts trading in Chinese Yuans ?

You mean like this!!!
CME plans to launch physically settled Asia gold futures-sources



By A. Ananthalakshmi and Frank Tang

SINGAPORE/NEW YORK, April 24 (Reuters) - CME Group Inc plans to launch a physically deliverable gold futures contract in Asia, three sources familiar with the matter said, as the world's No.1 futures exchange targets rising hedging and investor demand in the top gold-consuming region.

An Asian contract from CME could help set a pricing reference for gold futures in Asia, much like its U.S. COMEX gold contract sets the benchmark for bullion futures globally.

The move may also help CME boost flagging revenues from its precious metals futures and comes as its rivals are expanding their presence in Asia to tap demand from China, the world's biggest consumer of commodities, including gold.

CME is most likely to launch the gold contract in Hong Kong, with Singapore also an option, two sources briefed on the matter said, adding the contract is likely to be launched this year.

A third source, a market maker, said CME was looking to launch a 1 kilogram (35.3 ounces) contract.

The plan has not yet been finalised and CME could still scrap it, one of the sources said. No other details of the plan were available.

The sources spoke on condition of anonymity as they were not authorised to speak to the media.

"We regularly talk with our customers and market participants about new and innovative ways to help them manage their global price risk," said a CME Group spokesman, when asked about the Asian contract.

CME's COMEX contract - widely used for hedging by jewellers and refiners around the world, and speculation - is mostly cash settled.

In the first three months of 2014, U.S. COMEX gold futures volume fell 10 percent from a year ago. The new Asian contract could help boost volumes for CME.

Asia is the top consumer of bullion in the form of jewellery, bars and coins. Demand for physical gold in Asia has climbed over the past year after the metal's price slumped as western investors dumped the metal on expectations a strengthening economy will dampen gold's safe-haven appeal.

As gold tumbled 28 percent in 2013, China's imports of the metal from main conduit Hong Kong more than doubled to about 1,160 tonnes.

TARGETING ASIA

The success of the Asian gold contract, however, will depend on the finer details, such as contract size, trading hours and the liquidity it can garner, said a Hong Kong-based precious metals trader.

CME's U.S. futures are 100-ounce contracts which are too big for Asian clients, the trader said. They are still the most liquid gold futures in the world.

The most-traded Asian gold futures contract currently is the one on the Shanghai Futures Exchange, which is a 1 kilogram contract. But it is closed to foreign investors.

CME's Asian gold contract could be the first among its biggest rivals, who have already been boosting their regional commodities operations.

IntercontinentalExchange Group last year announced the acquisition of Singapore Mercantile Exchange, while Hong Kong Exchanges and Clearing Ltd, owner of the London Metals Exchange, said this week it was entering the Chinese commodities derivatives market.

And the Singapore Exchange is looking to launch a contract this year, along with the government-backed industry body Singapore Bullion Market Association, as the southeast Asian country aims to get a say on gold pricing, sources told Reuters earlier this year. (Editing by Muralikumar Anantharaman)
http://www.reuters.com/article/2014/...0NF2D320140424

[4-2-7]

Originally Posted by bobabode

Pbbbbbbbbttt. I love these so called 'patriots' who can't wait to bet against America, they always are a losing bet.

We tried your hero's, St. Ronnie of RKO, approach of deregulating every thing. It was a dismal failure.
Do you hold stock in Duke Energy?

Bobby Boo Boo It's not against America but rather against the libitard economics. And the envy of what others have earned.

[BlueStreak]

Originally Posted by Ike Bana

WTF? You think you're the only person on this forum who worked all their life and accumulated some wealth? No. You're just the only one who needs to waltz in here and stink up the place like a 3 year old smearing his own shit all over the bedroom walls for a little attention.

Yeah, he actually does. Typical, myopic rightwing idiot buys into Limbaugh narrative like it's gospel. He is what keeps the earth spinning about it's axis and the rest of us are along for the ride..........Or so he thinks.

Here's a clue, ZeroJunk; They day you drop dead won't mean anything to 99.999999999999% of the worlds population. We won't miss you, we won't lose anything. You'll just be so much casket stuffing like everyone else. So shut up, Charles Emerson Winchester. We don't need self important bloated egos like yours for anything.

Love,
Dave

[BlueStreak]

Originally Posted by ZeroJunk

Actually I wasn't the one that started it. Bobabode who apparently has no life other than this forum started it a while back.

He didn't like my opinion about things and since he really had no logical argument against it he just got nasty.

Essentially, I believe that people are responsible for their own destiny and he thinks the government is.

Obviously people who are mentally or physically unable need to be taken care of.

And you don't. Blasting in here with thread titles like;

"Are these guys pussies or what?" and accusing everyone of being moochers?

Are you a perfect asshole, or is that something you're still striving towards?

Dave

[BlueStreak]

Originally Posted by ZeroJunk

Prior mismanagement is not a reason to defend current mismanagement.

And, I can't see how anybody believes that government is well managed.

Good example is education. Guilford County has Taj Mahal county office with 10 directors making $100,000 plus. Years ago we had a local school board of unpaid parents and it would be hard to make the case that schools perform any better now. Government throws money at things and when that flops their answer is that they didn't have enough managers and throw enough money at it.

So, how is this any different than the way private corporations are run? I take it you've never worked for a large American corporation? They love to run themselves down the toilet then beg for bailouts, protection from unions, tort reform and deregulation to make the load lighter. This way they can be grossly incompetent and have enough capital to weather it instead of doing their job right in the first place.

Note that some foreign companies, that actually face much higher labor costs and governmental regulation still manage to outperform American companies despite it. It's because the American way of doing business is garbage.

Love,
Dave

[merrylander]

Sweet Jesus are you guys actually feeding the eunuch?

[Pio1980]

Self reliance is a fantasy when you are a layoff or other loss-of-income event away from seeing your family starving homeless in the street thanx to a day - to - day survival wage structure, never mind no money for any sort of pay - in health care.
This isn't a country that strives to care for it's own any more but becoming a place that prefers to grind the powerless and then discards them when their value as chattle is exhausted, just as it was before the era of progressive reform.


Sent from my SCH-I605 using Tapatalk

[Ike Bana]

Originally Posted by ZeroJunk

Actually I wasn't the one that started it. Bobabode who apparently has no life other than this forum started it a while back.

HE STARTED IT!!!! MOM!!! MAKE HIM STOP!!!!!!!!!!!!

What are you 6 years old, you pathetic schmuck? You really need to come on here and tell everybody how much money you have? Nobody satisfied with what they've done financially with their life needs to run it up a flagpole on an internet forum. So here now...here's a suggestion. Why don't to take some of that money, get a hooker, and pay her to sit on the edge of the bed and listen to how rich and powerful you are. She'll be just as interested as we are.