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[quote=”davidd”]sweikert925
I just emailed your employer with regards to your wasting company time with mental masturbation. Hopefully he will dock your pay.
😀
[/quote]
Awww, leave Steve alone, he likes his socialist utopia where someone else calls the shots and tells you how to live, where you can have your money, how much money you can have. (Sarcasm off now)
By enacting FATCA on July 1st, 2014 it makes it increasingly difficult to move YOUR money anywhere you want, this will expedite the world to become less dependent on the USD. Once that happens, we will see inflation like never seen before. The reason you can go just about anywhere in the world and use USD is a symbol of the strength of the dollar, forcing other countries to adhere to ridiculous standards just for the privilege to use the USD, other countries will ween off of it.
Contrary to belief, it cost quite a bit to adhere to these regulations and all of the reporting that goes along with it. That combined with the world seeing that the US is in deep debt, trillions of dollars, they (other countries) are making a move to uncouple their currency to the USD. If no one wants it, how much is it worth then? -25%, -50%? Enjoy the last loop on the roller coaster, because the ride is just about over. We all know how quick the ride ends when the air brakes kick in.
Kwhite,
I am interested to see how the coming economic “reset” will effect expats in Costa Rica. Money upon which many expats rely may dry up and not just social security. And speaking of social security, upon which pensionista status relies, what does Costa Rican migration law say about cessation of social security checks?
[quote=”sprite”]Kwhite,
I am interested to see how the coming economic “reset” will effect expats in Costa Rica. Money upon which many expats rely may dry up and not just social security. And speaking of social security, upon which pensionista status relies, what does Costa Rican migration law say about cessation of social security checks?[/quote]
Sprite, I am far from an expert on the migration laws of CR, but I would imagine that the CR government is closely monitoring the situation. I would suspect that the ones that have qualified just over the minimum might be prime candidates to have their immigration status revoked, or at minimum have to re qualify to maintain the status.
That brings another question to ponder, if the USD losses value, would CR raise the monthly minimum to offset the deflation of the dollar?
I have been reading about imminent economic crash/rest for the last 4 years. It has not been very “imminent” so far. But more and more indicators of such a dramatic event keep piling up while the actual world economy continues to slowly grind down.
Meanwhile, a huge segment of the population appears to be totally ignorant of this horrific probability. When I asked on this message board if anyone had any “plan B” in place for the potential loss of income while living in Costa Rica, I got no response..as if this would never be something about which to be concerned. Is it apathy, denial or ignorance?
Perhaps, like Chicken Little, I have been hit on the head by an acorn and falsely believe the sky is falling. OR…the sky is falling. Either way, it is not entirely useless to contemplate a plan B.
[quote=”sweikert925″][quote=”sprite”]I have been reading about imminent economic crash/rest for the last 4 years. It has not been very “imminent” so far. But more and more indicators of such a dramatic event keep piling up while the actual world economy continues to slowly grind down.[/quote]
Well we actually DID have en economic crash 5 years ago – the worst the world had seen since the 1930s and yet here we all are today. Some are still suffering from it (to which some of you will probably say “Who cares?) so I don’t want to downplay their suffering. But for the majority of the world things are pretty much the way they were.
[quote=”sprite”]It has not been very “imminent” so far. [/quote]Which makes me wonder why (since you know the story of Chicken Little) you don’t begin to wonder if just maybe the people who are peddling that theory might be wrong? Isn’t it an amazing coincidence that so many “financial experts” who are predicting an imminent collapse have a book that, for a mere $19.95, will tell you how to avoid it?
[quote=”sprite”]Is it apathy, denial or ignorance?[/quote]
There is actually another alternative. Namely, that the risk just isn’t that great. The earth WILL someday be hit by a meteor large enough to wipe out mankind. It’s not a matter of “if”, only “when”. But I don’t feel the need for a plan B for that either.[quote=”sprite”]Either way, it is not entirely useless to contemplate a plan B.[/quote]
If the sky is falling then a plan B is pretty much useless and if it’s just an errant acorn then the only plan B you need is to keep away from Oak trees.[/quote]Part of the master plan…..don’t plan for your own survival when (not if), the dollar declines and no longer is the worlds reserve currency, why you ask? Because the government will take from those that did plan and give to you….so it is true, you can have your cake and eat it too…yippee.
I find it utterly stunning that there are so many blind people. It was mentioned that FATCA was to catch the “bad” guys…as a by product (benefit of the givernment, yes givernment) it forces all of the USD to remain on US soil making it soooo much easier to capture when the EBT, SS, Welfare checks run dry, those evil rich people that saved their money are holding out from you getting your checks, we will go get it for you.
The government can see what text I sent to my wife today, see what websites I went to, can see what my account balance is, but cannot catch a drug/money laundry operation running millions through an account? As Jefferson said, question with boldness….. I just don’t buy the we don’t have the ability to catch them because we are so dumb so that’s why we need FATCA…to catch those evil guys.
I would love to see the logic/excuses on this one.
[quote=”sweikert925″][quote=”Kwhite1″]…don’t plan for your own survival… [/quote]
Whatever gave you the idea that I haven’t planned for my financial future? I’ve been socking money away for the past 3 decades.
[quote=”Kwhite1″]..the dollar declines and no longer is the worlds reserve currency…[/quote]
Has it never occurred to you that there are nearly 7 billion people on this planet who are NOT Americans and whose currency is NOT the world’s reserve currency? Does the fact that the the Norwegian Krone is not the world’s reserve currency have any kind of affect on the ability of Norwegians to lead happy productive lives?[quote=”Kwhite1″]I find it utterly stunning that there are so many blind people. [/quote]
And I find it funny that there are people who believe that everyone who doesn’t believe EXACTLY like they do are either blind or stupid or corrupt.
Is it possible that you are wrong about some things and that other people may be right about them? (I suspect you won’t answer that question but thought I’d ask anyway.)
From [url=http://online.wsj.com/news/articles/SB10001424127887323455104579014772169287210]this Wall Street Journal article:[/url].
[i]Although the U.S. State Department doesn’t keep official statistics, it estimates that 7.2 million U.S. citizens live abroad….Despite the campaign against undeclared accounts, U.S. taxpayers filed only 825,000 foreign-account reports last year—meaning that millions of people likely aren’t complying with the law.[/i][/quote]
Wow Steve, I don’t recall mentioning you in my post at all, and I just defended you and told everyone to leave you alone, but yet you come out with “guns a blazin” (oh wait, your a liberal, you don’t like guns, sorry bad analogy), but yet you seem to go on the defense pretty hard and fast there. Maybe I hit a bit of a nerve?
Yet again, you missed the big picture, did I say Steve hasn’t planned, did I say Steve isn’t planning for the decline of the dollar, did I say Steve is blind? So you assume because you think a certain way that everyone else does as well? Is that what I should read into that?
I assure you that a overwhelming majority of the “average Joe citizen” is not planning, has not planned, or is even awake to what is coming down the tracks. I am sure you have seen the latest reports that the average wage in the us has declined over the past 10 years, a record number of folks that are unemployed (and I really like how that because your unemployment benefits run out that you are no longer unemployed, nice accounting), with that being said, most people are just worried how they are going to pay the mortgage, rent, or electric bill, much less than what is looming because they hear some politician telling them everything is hunky dory.
For you to even have the balls to even try to come up with a defense of what is happening in the United States of America is deplorable. If you are that brainwashed in believing what these jack holes are spewing gives me even greater concern than I already have because I know there are more of you out there that think just because the teleprompter says its all good then it must be. What concerns me even more is that you and your type will be the first ones screaming when things start affecting you. Until you have your own business, deal with the BS regulations, pay an absurd amount of taxes because the government thinks you made too much, lay in bed at night worrying how you are going to make payroll to support your employees families, go without a paycheck so your employees get paid on time, be told by the leader of our country that I did not build my company, someone else did, lied to every single day by the politicians on both sides, until you experience that Steve, I would not expect you to understand the “real” life situations business owners face everyday, that is why things will unravel very quickly and very soon. So just sit in your cubicle, on your bosses dime, surfing the internet, and make sure your check is there every Friday.
And I had done such a good job of not feeding quarters into the machine, unfortunately today, when I picked up my fresh made tortillas, she gave me change in……quarters, so I had to use them.
[quote=”pixframe”]You really can’t help yourself from having to get in the last word.[/quote]
Sweikert and I may not agree on much but we both seem to enjoy winding up people with comments. Just remember to be civil, lighthearted, sincere snd as concise as your writing skills permit.
[quote=”sweikert925″][quote=”Kwhite1″]Wow Steve, I don’t recall mentioning you in my post at all[/quote]
That comment was in a reply to me. (You know there’s a way to post a comment without replying to someone here right?) If someone replies to me, I assume they’re addressing me.[quote=”Kwhite1″]I assure you that a overwhelming majority of the “average Joe citizen” is not planning, has not planned…[/quote]
And there I totally agree with you. Those who choose not to are foolish. But if you are truly committed to personal freedom then you have to accept the choices other people make, whether you agree with them or not.
[quote=”Kwhite1″]I just defended you…[/quote]
Which would have been rather touching if it had been sincere, but, of course, it wasn’t.[quote=”Kwhite1″]If you are that brainwashed…there are more of you out there that think just because the teleprompter says its all good then it must be. [/quote]
So this proves my point: You believe anyone who doesn’t think the way you do is stupid, blind or corrupt.
[quote=”Kwhite1″]…you come out with “guns a blazin”…Maybe I hit a bit of a nerve?[/quote]
When you reply to me I assume it’s just because you have something more to say. Which is great! The more ideas we exchange the better. But you don’t seem to like it when I reply to you. Why is that?No answer to the question I raised. Well, no surprise there but I was kinda hoping…[/quote]
Those are the only “points” you chose to comment on or try to defend?
I don’t mind at all when when you reply to me, except when you try and use the typically liberal talking points when you get backed into a corner on a subect or comment. Instead of acknowledging a point that you know deep down is valid, you come up with an assinine general comment that is accusatory and ridiculous to remove the focus on the real issue. ( I too have read some of the liberal handbooks, from Brother Saul and Brother Ayers). Thats what bugs me about you, instead of opening your mind to a possible point of view and acknowledging that someone else may be correct, you fall back onto the liberal handbook for your tactics of diversion.
Tell the bossman I said whasup…..also tell him to get some better donuts in the breakroom for crying out loud!
Sweikert and Sprite
you guys come from the most extreme positions I have ever come across.. I guess its like the old siskel and ebert
or hannity and colmes.. 😀
sweikert himself has his opinions and nothing anyone will ever say will ever change that.. I had gone thru most of his engagements here on this forum since started and you can definitely identify some common denominators with his behaviors.
he likes to engage in mindless debate that does not really accomplish anything..
guys like him actually scare me because of the stubborn ignorance for lack of a better word..
but he is correct.. everyone is entitled to thier opinion.. so be it..
I wish I could film his adventures if he ever makes a move to costa rica.. it would be a great reality show..
it would be akin to that show [b]”Here Comes Honey Boo Boo”[/b] but instead we would call it
[b]”Here comes Steve..used to be called Swiekert”[/b]:D:D
sometimes… not often.. but sometimes I even wandar off and think that sweikert and sprite is actually scott himself and he does this intentionally to stir the pot
but then I wake up..:)
[quote=”sprite”][quote=”pixframe”]You really can’t help yourself from having to get in the last word.[/quote]
Sweikert and I may not agree on much but we both seem to enjoy winding up people with comments. Just remember to be civil, lighthearted, sincere snd as concise as your writing skills permit.[/quote]
I doubt this has anything to do with FATCA right? Highly doubt it……..
(CNSNews.com) – Federal tax revenues continue to run at a record pace in fiscal 2014, as the federal government’s total receipts for the fiscal year closed April at $1,735,030,000,000, according to the Monthly Treasury Statement.
Despite this record revenue, the federal government still ran a deficit of $306.411 billion in the first seven months of the fiscal year, which began on Oct. 1, 2013 and will end on Sept. 30, 2014.
In the month of April itself, which usually sees the peak tax revenues for the year, the federal government ran a surplus of $106.853 billion. While taking in $414.237 billion in total receipts during the month, the government spent $307.383 billion.
In fiscal 2013, the federal government also ran a one-month surplus in April, taking in $406.723 billion during the month and spending $293.834 billion, leaving a surplus of $112.889 billion.
After the one-month April 2013 surplus, the federal government promptly returned to the red in May 2013, taking in $197.182 billion in tax receipts while spending $335.914 billion, leaving a deficit of $138.732 billion for the month.
Through all of fiscal 2013, the federal government ended up running a deficit of $680.229 billion according to the Treasury.
The White House Office of Management and Budget has estimated that in the full fiscal 2014, the federal government will collect $3.001721 trillion in taxes, spend $3.650526 trillion, and run a deficit of $648.805 billion.
The OMB has also estimated that, while running that deficit, the federal government will collect a record amount in inflation-adjusted tax revenues.
When adjusted for inflation (to constant 2014 dollars), the second-greatest federal tax haul through April was in fiscal 2007. That year, the federal government took in approximately $1.715 trillion in total receipts (in 2014 dollars) by the end of April.
The single largest source for the federal government’s record tax receipts in the first seven months of FY 2014 was the individual income tax, which brought the Treasury $823.079 billion. The second largest source was what the Treasury calls “Social Insurance and Retirement Receipts,” which includes the Social Security payroll tax, the unemployment insurance tax and other retirement taxes. This accounted for $602.698 billion in tax revenue.
The third largest source of federal revenue in the first seven months of fiscal 2014 was the corporation income tax, which brought in $156.808 billion.
As CNSNews.com previously reported, federal tax revenues for fiscal 2014 set records through February, through March, and through Tax Day, April 15.
[quote=”Kwhite1″]I doubt this has anything to do with FATCA right? Highly doubt it……..
“When adjusted for inflation …”. Trust the government to spin the numbers. They manipulate the data they use to calculate the inflationary factor. And, by doing so, make the numbers say what they want them to say … leading me to believe the deficit is much higher than depicted in this article. I’d love to review their work papers to see if that same rate of inflation was applied to their “pay outs” such as Social Security where in January of this year they gave a C.O.L.A. increase of a meager 1.5%.
[quote=”pixframe”][quote=”Kwhite1″]I doubt this has anything to do with FATCA right? Highly doubt it……..
“When adjusted for inflation …”. Trust the government to spin the numbers. They manipulate the data they use to calculate the inflationary factor. And, by doing so, make the numbers say what they want them to say … leading me to believe the deficit is much higher than depicted in this article. I’d love to review their work papers to see if that same rate of inflation was applied to their “pay outs” such as Social Security where in January of this year they gave a C.O.L.A. increase of a meager 1.5%.[/quote]
Whatever numbers they tout, I automatically double it to get at least in the ball park of reality. Anyone that thinks because unemployment benefits run out on 800,000 people means unemployment actually dropped is not some entity that I would put merit in much less believe.
[quote=”Kwhite1″][quote=”pixframe”][quote=”Kwhite1″]I doubt this has anything to do with FATCA right? Highly doubt it……..
“When adjusted for inflation …”. Trust the government to spin the numbers. They manipulate the data they use to calculate the inflationary factor. And, by doing so, make the numbers say what they want them to say … leading me to believe the deficit is much higher than depicted in this article. I’d love to review their work papers to see if that same rate of inflation was applied to their “pay outs” such as Social Security where in January of this year they gave a C.O.L.A. increase of a meager 1.5%.[/quote]
Whatever numbers they tout, I automatically double it to get at least in the ball park of reality. Anyone that thinks because unemployment benefits run out on 800,000 people means unemployment actually dropped is not some entity that I would put merit in much less believe.[/quote]
Based on the way the government calculates it, when unemployment benefits dry up and run out for all the people collecting we’ll have an unemployment rate of ZERO … LOL.
You being a small business owner will appreciate how even more misleading their unemployment count is when you consider small business owners, whose businesses fail, don’t qualify for unemployment (at least here in New York State they don’t). As long as the government can tax them up the wazoo they’re highly visible …. but as soon as their business fails they become invisible … not even to be counted in the number of unemployed.
[quote=”pixframe”][quote=”Kwhite1″][quote=”pixframe”][quote=”Kwhite1″]I doubt this has anything to do with FATCA right? Highly doubt it……..
“When adjusted for inflation …”. Trust the government to spin the numbers. They manipulate the data they use to calculate the inflationary factor. And, by doing so, make the numbers say what they want them to say … leading me to believe the deficit is much higher than depicted in this article. I’d love to review their work papers to see if that same rate of inflation was applied to their “pay outs” such as Social Security where in January of this year they gave a C.O.L.A. increase of a meager 1.5%.[/quote]
Whatever numbers they tout, I automatically double it to get at least in the ball park of reality. Anyone that thinks because unemployment benefits run out on 800,000 people means unemployment actually dropped is not some entity that I would put merit in much less believe.[/quote]
Based on the way the government calculates it, when unemployment benefits dry up and run out for all the people collecting we’ll have an unemployment rate of ZERO … LOL.
You being a small business owner will appreciate how even more misleading their unemployment count is when you consider small business owners, whose businesses fail, don’t qualify for unemployment (at least here in New York State they don’t). As long as the government can tax them up the wazoo they’re highly visible …. but as soon as their business fails they become invisible … not even to be counted in the number of unemployed.
[/quote]
You are correct, I do not qualify for unemployment benefits should my company go under. I am not sure why, because I was told that I did not build my business, someone else did. So that means I actually work for someone else thus I should be eligible for benefits?
99 weeks of benies would be awesome!! As long as I get a free phone with it!! But I digress…..
FATCA….yeah, good move by the idiots in charge, good thing I don’t have any conspiracy theories or believe in them, but if I did, I am sure there are some incredible coincidences that tie them together.
kwhite
My very first introduction to being a business owner and having that little plaque with my name and all it entails on it was a deli in NYC.
My first job was working at a deli counter.. a few years later I scraped up enough money saved for all the jobs I had done and a loan from my dad.
I bought the place.
worked 80 hours a week behind the counter serving my customers.. fast forward I am working my butt off and making some money NOT alot mind you because as an owner I was always the last to get paid..
everyone and their mother would get paid first, vendors, employees, municipalities, taxes, etc etc
there was a time when David Dinkins.. ( anyone remember him lol) was cracking down on the crooks. the tax cheats and money launderers.. you know the same rhetoric that sweikert loves to hear that keeps getting regurgitated over and over again..
initially I was like yea thats great!!! my government is here to help me :shock::shock::shock:
the IRS was cracking down on cash businesses and my deli happen to fall in that category.. I always paid my taxes as a good little soldier..
one of the tactics deployed by the IRS back then and I forgot what idiot politician came up with this idea. was for an agent to come down and stand stay at your register for a few hours.. and from that information.. they would come up with some sort of valuation of how much I should be paying..
they do NOT announce when they arrive.. they just shown up
well an agent came to my store.. and this happened on the day of the parade in 1991 for the return of desert storm..
I was far enough from the parade BUT business overall increased by 100%..
this guy stood at my register with a little booklet and pencil like he was saving the world from us bad people.. the small business man for 4 hours..
I tried to explain to this guy that business was very good today because of the parade in the city.. so he knew
he said no problem..
I never thought anything of it until my TAX BILL came due which was like 3 times more that I had ever paid in the life of the store..
after all the bullshit going back and forth to try and explain to these people to no avail.. I could not believe it..
I had to accept a payment plan to pay them back..
which I could not keep up.. it became too much I was not making any money..
they would show up for surprise inspections.. to see the books and receipts if they matched..
I would never have believed this would have happened in the U.S. of A.
finally one day these 2 IRS guys came down.. :D:D and started to do an inspection..
something just came over me and I will never forget that feeling.. I said to these idiots guys
you know what guys
here you go
I gave them keys and said
its all yours.. ( the place was rented )
and I walked out
I just left..
you should have seen the looks on these guys faces..
anyway.. never returned.. and claimed bankruptcy
big lesson learned.. and it was part of my naive thinking.. that I never would ever think I would fall under this type of scenario . my newest motto I ingrained in my head
[b]”The starting point of maturity is the realization that no one is coming to the rescue. Everything you are and everything you will be is entirely up to YOU.” [/b]
a few years later I started another venture but was alot street smarter than before.. and of course I paid back my dad..
also had to pay back the tax bill also.. 🙁
[quote=”Kwhite1″][quote=”pixframe”][quote=”Kwhite1″][quote=”pixframe”][quote=”Kwhite1″]I doubt this has anything to do with FATCA right? Highly doubt it……..
“When adjusted for inflation …”. Trust the government to spin the numbers. They manipulate the data they use to calculate the inflationary factor. And, by doing so, make the numbers say what they want them to say … leading me to believe the deficit is much higher than depicted in this article. I’d love to review their work papers to see if that same rate of inflation was applied to their “pay outs” such as Social Security where in January of this year they gave a C.O.L.A. increase of a meager 1.5%.[/quote]
Whatever numbers they tout, I automatically double it to get at least in the ball park of reality. Anyone that thinks because unemployment benefits run out on 800,000 people means unemployment actually dropped is not some entity that I would put merit in much less believe.[/quote]
Based on the way the government calculates it, when unemployment benefits dry up and run out for all the people collecting we’ll have an unemployment rate of ZERO … LOL.
You being a small business owner will appreciate how even more misleading their unemployment count is when you consider small business owners, whose businesses fail, don’t qualify for unemployment (at least here in New York State they don’t). As long as the government can tax them up the wazoo they’re highly visible …. but as soon as their business fails they become invisible … not even to be counted in the number of unemployed.
[/quote]
You are correct, I do not qualify for unemployment benefits should my company go under. I am not sure why, because I was told that I did not build my business, someone else did. So that means I actually work for someone else thus I should be eligible for benefits?
99 weeks of benies would be awesome!! As long as I get a free phone with it!! But I digress…..
FATCA….yeah, good move by the idiots in charge, good thing I don’t have any conspiracy theories or believe in them, but if I did, I am sure there are some incredible coincidences that tie them together.[/quote]
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