Russia Defence Forum

Would you like to react to this message? Create an account in a few clicks or log in to continue.

Military Forum for Russian and Global Defence Issues


+36
calripson
Tsavo Lion
Hole
Austin
kvs
Walther von Oldenburg
Godric
Rmf
Project Canada
Neutrality
sepheronx
Rodinazombie
Cowboy's daughter
max steel
George1
Hannibal Barca
magnumcromagnon
flamming_python
KomissarBojanchev
macedonian
Werewolf
SSDD
NationalRus
medo
As Sa'iqa
TR1
GarryB
Hachimoto
Flyingdutchman
SOC
collegeboy16
Viktor
BTRfan
Regular
AlfaT8
nemrod
40 posters

    US Economy Thread

    kvs
    kvs


    Posts : 15792
    Points : 15927
    Join date : 2014-09-11
    Location : Turdope's Kanada

    US Economy Thread - Page 9 Empty Re: US Economy Thread

    Post  kvs Wed Oct 04, 2023 2:15 pm

    Continuing the OT discussion from the Zmeevik thread.

    GarryB wrote:The problem is that politicians and MIC companies and the Pentagon all cooperate in it so anyone trying to expose it all will get attacked by everyone for trying to destroy america... despite this corruption being what is destroying america.

    There is an ecosystem now that rules America where the government, judiciary and corporate interests act as a single corrupt whole. The taxpayer voter is left with the
    placebo of voting and thinking their vote counts. But as we saw in 2020 even this placebo is stolen from them.

    I think that idea of periodic elections would be to have a turn-over of people in government that would naturally purge corruption. But it did not work out this way because
    there are way too many deciders who survive one administration to another. There is a stagnant "deep state" pool (swamp) that is not drained periodically. This allows
    corporate interests to buy off and install over time people into these positions who will deliver for decades. But the legislative process is also a joke. Biden has been around
    for how long now? I think it is over 50 years. This is nonsense. There should be term limits on Congress critters. There should also be term limits on judges and other
    elements of power.

    This will not guarantee absence of corruption and abuse, but it will at least make long-term corruption planning by the rotten elites harder. However, this may not be enough
    to frustrate absolute control of the system by the oligarchy. It is also a reform that is not accessible while the oligarchy rules. The US is going to have to rebel against the
    oligarchy and suppress it. Then the it needs a new system and a new philosophy. Worship of tycoons is moronic.

    I may sound like a hypocrite about Putin and Russia. But the difference is that Putin's persistence in office allowed him to crush the nascent oligarchy that emerged during
    the 1990s. The US simply does not have a situation where the oligarchy can be put in its place without a revolution. It has a weak government in this regard. So the
    government becomes the iron fist of the oligarchy. All of its mighty power is aimed at suppressing individual proles. Of course, if Putin was a form of Yeltsin, Russia would
    have been terminally f*cked by now. It would make sense for a faster turnover of Russian leaders in the future. But this must be associated with no persistent power such as
    the US oligarchy. This will turn Russia into another America with stooge leaders fronting for non-elected power holders.
    GarryB
    GarryB


    Posts : 40398
    Points : 40898
    Join date : 2010-03-30
    Location : New Zealand

    US Economy Thread - Page 9 Empty Re: US Economy Thread

    Post  GarryB Thu Oct 05, 2023 1:09 am

    Have you seen the British Political comedy "Yes, Minister". There was a follow up series called Yes, Prime Minister that followed, which was about a pretty incompetent UK politician who was going to stir things up and make a difference.

    It shows the two components of government... the politician and the civil servant... the politicians come and go based on competence and popularity, but the civil servants remain and make sure nothing really changes because the civil servants remain and politicians come and go and every amazing new idea a new politician comes up with has been tried a dozen times before and failed miserably... except sometimes it is too much work or might interfere with some corruption that someone powerful has going on so it is sabotaged so they don't try it.

    Very well written and very clever... and appears rather realistic and rather funny.

    When asked about it British politicians will often say how accurately it shows civil servants but they got the politicians wrong, while the civil servants will say it shows the politicians accurately but gets the civil servants wrong... I would say it is probably dead right on both counts.

    The problem is when you change the party in power you don't change their sponsors and financial supporters who are not interested in anything but making good money on their investment.

    If you went to a local factory that made cars and put it to the vote those workers are not going to vote for the CEO to get 25 million per year in salary, and they are certainly not going to agree with the idea that shifting production to Mexico or China or India will provide the customer with a better product... it is CEOs and investors that make such decisions and that is what has screwed America too.

    kvs and Broski like this post

    kvs
    kvs


    Posts : 15792
    Points : 15927
    Join date : 2014-09-11
    Location : Turdope's Kanada

    US Economy Thread - Page 9 Empty Re: US Economy Thread

    Post  kvs Thu Oct 05, 2023 1:22 am

    I liked both series. British TV programs that I saw in Canada in the 70s and 80s were really good. Now we have woke nonsense.

    There was still some substance in the political hierarchy back in those days. With the level of politicians and likely the private elites
    as well today, the rot is starting to take on civilization collapse properties.

    GarryB likes this post

    Arkanghelsk
    Arkanghelsk


    Posts : 3898
    Points : 3904
    Join date : 2021-12-08

    US Economy Thread - Page 9 Empty Re: US Economy Thread

    Post  Arkanghelsk Wed Nov 15, 2023 2:51 pm

    https://www.google.com/amp/s/www.bbc.com/news/business-67367101.amp

    Apple should pay €13bn Irish tax, argues EU lawyer

    This case is interesting, and its not just Apple

    It's clear that the rest of the world will continue the assault on American business, by raising the costs of doing business abroad, by imposing punitive fines and taxes on American corporations

    The reason?

    Well in 2017, probably the main legacy of Trumps presidency came into effect: TCJA

    The Tax Cut and Jobs Act

    This regime, lowered the corporate tax rate for US businesses which had moved their intellectual property, licenses, and software production abroad to other lower tax jurisdictions, to incentive a return to America

    What is interesting, is that the rest of the world did not take long in formulating a response

    Ofc, some say the EU is a lapdog, but not when it comes to US tech companies, which happen to be the most profitable ones for the US

    In fact the EU is the most aggressive bloc , which wants to bleed US tech companies - the logic is, if you want to sell a 1000 euro phone, you will pay 500 Euros in taxes and fines per phone, hurting the companies profit margin

    And other countries are joining in, with India leading the Google tax, and cheerleading the imposition of the OECD Pillar 2 global minimum tax as a new world wide tax regime

    The regime would lower the corporate rates of OECD participating countries to 21% , making TCJA redundant, and either try to lure away American IP, or become competitive themselves

    It seems that Russia is not the only one conducting import substitution, they are just the ones that have more or less done so, repatriating intellectual property however did not take any tax legislation, but simply seizing the property, plant,  and equipment of foreign corporations, renaming them, and selling them to Russian business men

    Everything has a solution , and there are different ways of arriving to the same one

    GarryB likes this post

    Kiko
    Kiko


    Posts : 3808
    Points : 3884
    Join date : 2020-11-11
    Age : 75
    Location : Brasilia

    US Economy Thread - Page 9 Empty Re: US Economy Thread

    Post  Kiko Sun Aug 04, 2024 7:16 pm

    This will be not only the start of a recession in the US, but a deepening of a stagflation that is currently underway:

    'I'm starting to smell a recession': economist notes 'jump in unemployment rate' in US, 08.04.2024.

    John Lonski, an economist and financial markets analyst, reacted to the increase in the number of unemployed, which rose from less than seven million to 7.2 million.

    The unemployment rate rose in the United States in July at a faster pace than analysts expected, according to data from the Bureau of Labor Statistics (BLS).

    According to official figures, the unemployment rate rose to 4,3% in July, the highest rate since 2021.

    Non-farm employment increased by 114,000 jobs, in sectors such as healthcare, construction, transportation and warehousing, while IT lost jobs.

    "The unemployment rate rose 0.2 percentage points in July to 4.3%, and the number of unemployed increased by 352,000 to 7.2 million. These figures are higher than in the previous year, when the unemployment rate was 3.5% and the number of unemployed was 5.9 million," the BLS found.

    According to the entity's data, in July, the groups of workers whose unemployment rates increased the most were adult men (4,0%) and whites (3,8%). The unemployment rates of adult women (3.8%), adolescents (12.4%), people of African descent (6.3%), Asians (3.7%) and Hispanics (5.3%) did not change significantly during the month.

    John Lonski said conditions are ripe for an economic downturn in the future.

    "I'm starting to smell a recession in the future. [... That jump in the unemployment rate, my God, 4.3 percent. [... That has increased a lot, " Lonski said in comments to U.S. broadcaster Fox News.

    Yandex Translate from Portuguese.

    https://noticiabrasil.net.br/20240804/comeco-a-sentir-o-cheiro-de-uma-recessao-economista-nota-salto-na-taxa-de-desemprego-nos-eua-35886794.html

    GarryB likes this post

    Kiko
    Kiko


    Posts : 3808
    Points : 3884
    Join date : 2020-11-11
    Age : 75
    Location : Brasilia

    US Economy Thread - Page 9 Empty Re: US Economy Thread

    Post  Kiko Mon Aug 05, 2024 10:12 am

    Goldman Sachs economists raise U.S. recession risk to 25%, 08.05.2024.

    Report was distributed to customers this weekend.

    Goldman Sachs Group experts have revised projections of a possible recession in the United States, raising the estimate from 10% to 25% for next year. The group led by Jan Hatzius, in a report released to clients on Sunday, pointed to several elements that suggest a controlled economic slowdown, even in the face of a recent rise in unemployment. The information is from Infomoney.

    Goldman Sachs economists argue that the U.S. economic situation remains generally solid, with no major financial imbalances evident. They also point out that the Federal Reserve has the ability to lower interest rates quickly if necessary. Recent jobs data showing a sharp reduction in hiring and a rise in unemployment to the highest level in nearly three years have intensified worries about the economy.

    Compared with other major financial institutions such as JPMorgan and Citigroup, Goldman Sachs' forecasts are considerably more conservative. While these banks predict a half-point cut in interest rates as early as September, Hatzius ' team plans three 25-basis-point reductions in the final months of the year. According to Goldman economists, an improvement in the labor market is expected in August, which would justify moderate responses to economic risks. However, they warn that if August's data is negative like July's, a more drastic cut of 50 basis points could be needed in September.

    Yandex Translate from Portuguese.

    https://www.brasil247.com/economia/economistas-do-goldman-sachs-elevam-risco-de-recessao-nos-estados-unidos-para-25-ljysnlof

    GarryB likes this post

    kvs
    kvs


    Posts : 15792
    Points : 15927
    Join date : 2014-09-11
    Location : Turdope's Kanada

    US Economy Thread - Page 9 Empty Re: US Economy Thread

    Post  kvs Tue Aug 06, 2024 5:11 pm



    There is no such thing as stock investor billionaire. It is all an insider trading sham. Same as with the rotten Congress critters like Pelosi.

    GarryB and lancelot like this post

    GarryB
    GarryB


    Posts : 40398
    Points : 40898
    Join date : 2010-03-30
    Location : New Zealand

    US Economy Thread - Page 9 Empty Re: US Economy Thread

    Post  GarryB Wed Aug 07, 2024 2:38 am

    The rich working the system to get richer... the American dream.

    kvs likes this post


    Sponsored content


    US Economy Thread - Page 9 Empty Re: US Economy Thread

    Post  Sponsored content


      Current date/time is Sun Nov 03, 2024 10:08 am