Debt Rattle March 18 2016

 

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  • #27370

    Idomeni: where human rights go to die • Either Something Spooked The Fed Or There Is A “Central Bank Accord” (ZH) • Next Financial Crisis Could Overwh
    [See the full post at: Debt Rattle March 18 2016]

    #27372
    Ken Barrows
    Participant

    Raleigh re: what undocumented immigrants receive, FWIW:

    Why is it that Illegal Aliens Get Free Food Stamps, Health Insurance and Pay No Taxes?

    #27373
    Ken Barrows
    Participant

    So 800,000 barrels per day out of 90+ million. It’s under 1%. I dare say production or consumption figures may have similar margins of error.

    #27380
    Raleigh
    Participant

    Ken – thanks. Yes, I found that link too and posted it on the last thread. See the other link I posted as well, which shines a light on the ability to claim children (children, even nieces and nephews, who are not even living in the United States) on your income tax in order to receive a fully-refundable tax credit of $1,000.00/child.

    “One of the workers, who was interviewed at his home in southern Indiana, admitted his address was used this year to file tax returns by four other undocumented workers who don’t even live there. Those four workers claimed 20 children live inside the one residence and, as a result, the IRS sent the illegal immigrants tax refunds totaling $29,608.

    13 Investigates saw only one little girl who lives at that address (a small mobile home). We wondered about the 20 kids claimed as tax deductions?

    “They don’t live here,” said the undocumented worker. “The other kids are in their country of origin, which is Mexico.”

    He later explained none of the 20 children have ever visited the United States – let alone lived here.”

    It gets worse:

    “Claims for additional child tax credits by ITIN filers have skyrocketed during the past decade, from $161 million in 2001 to $4.2 billion in tax year 2010.

    · Undocumented workers filed 3.02 million tax returns in 2010. 72% of those returns (2.18 million) claimed the additional child tax credit.

    · In 2010, the IRS owed undocumented workers more in claimed additional child tax credits than it collected from those workers in taxes.”

    https://www.wthr.com/story/17798210/tax-loophole-costs-billions

    Paid out more than it collected in taxes, so this is costing the U.S. taxpayers. Add in education, food stamps and housing if a new baby is born on U.S. soil (and, quite frankly, they’d be idiots not to have their babies born in the U.S. – I guess that’s why they’re doing it, along with the Chinese now), welfare assistance for the parents of said child, on and on.

    I’m not saying the illegal immigrants are bad people, but it does appear the system is being taken advantage of. Maybe laws need to be changed?

    #27381
    Raleigh
    Participant

    Ken – last thing, then I’m zipping my mouth. In a way, the U.S. taxpayers ARE paying more for their fruits, vegetables and houses (that illegals are hired to build). It’s just that they’re not seeing this increase when they purchase these items; it ends up in the taxes they pay for everything. The big money ends up in the pockets of the wealthy farmers and construction companies (who pay some back in campaign contributions), but in the end the U.S. taxpayers DO end up paying for this flow of illegal aliens. I mean, somebody has to, and it sure isn’t the wealthy. I think we know that by now.

    These types of things, along with so many others, are what have the American people completely pissed off.

    #27382
    rapier
    Participant

    Brazil is now all set up for the military to take over, along with the plutocrats, to make it safe for neoliberalism. It’s Pinochet, 2016 style. It isn’t that the ruling party isn’t corrupt it is that most everything is corrupt but the so called Car Wash investigation is concentrating on it.

    https://theintercept.com/2016/03/18/brazil-is-engulfed-by-ruling-class-corruption-and-a-dangerous-subversion-of-democracy/

    https://www.opednews.com/articles/Lula-and-the-BRICS-in-a-fi-by-Pepe-Escobar-Brics_Fury_International_Lula-160308-565.html

    https://www.opednews.com/articles/The-Brazilian-Earthquake-by-Pepe-Escobar-Brazil_Brics_Chaos_Corruption-160306-363.html

    https://www.opednews.com/articles/Prime-Minister-Lula-The-by-Pepe-Escobar-Brazil_Impeachment_Lula_Pinochet-160316-770.html

    Neoliberalism is marching from victory to victory. The ferocious 5 week world stock market and oil rally a blaring example as both are now on the cusp of ending their bear markets based upon traditional technical analysis. Remember this, asset markets don’t have anything to do with the economy. Every possible reason you can think of why markets should go down because of the economy are wrong. As long as the financial markets are liquid they will rise.

    #27384
    TheTrivium4TW
    Participant

    Raleigh, IMHO, the largest share of expenditures ends up as government debt to the Debt-Money Monopolists that accrues eternal interest. If we had to actually pay for all this upfront, almost nobody would support it simply because they wouldn’t want to give up their assets to do it.
    And another point, it is NOT the moral high-ground to admit the oppressed into your land WHILE NOT ADDRESSING THE OPPRESSOR THAT IS CAUSING THEM TO LEAVE.
    That’s aiding and abetting the oppressor while only giving the APPEARANCE of being good to the ignorati.
    Even worse, it is brain-dead when that same oppressor is running a debt-money bubble / debt-money bust operation that will rip of economic Muppet faces when it really begins to bleed us all out in earnest.
    It IS NOT the moral high-ground to make a stink about not wanting open boarders when you were silent while al Qaeda was financed by the Debt-Money Monopolist Corporate Fascist vassal governments finance and armed al Qaeda to wage international war crimes via their “Emmanuel Goldstein” proxy armies.
    What have you done to expose the THE OPPRESSORS – the Debt-Money Monopolist Fascists that privately control most of the world’s money systems (all debt-based frauds) while bombing all countries with independent money systems to smithereens?

    Al-Qaeda’s Specter in Syria
    Author: Ed Husain, Adjunct Senior Fellow for Middle Eastern Studies
    August 6, 2012
    https://www.cfr.org/syria/al-qaedas-specter-syria/p28782

    “Al-Qaeda fighters, however, may help improve morale. The influx of jihadis brings discipline, religious fervor, battle experience from Iraq, funding from Sunni sympathizers in the Gulf, and most importantly, deadly results. In short, the FSA needs al-Qaeda now.”

    Yes, they think people are so stupid, and media, even independent media, too cowardly to highlight that the Council on Foreign Relations is out PROMOTING AL QAEDA!
    Now, for those who don’t know the CFR, youtube “Clinton CFR” and “Cheney CFR” and watch those videos…
    We either stop the tyrant, or we all end up in h*ll holes with nowhere to run. But, hey, some people will feel really special due to the pat on their head for promoting the DMMC narrative in a deconstextualized manner.

    #27388
    seychelles
    Participant

    TT4TW: A most emphatic agreed!

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