The financial system of the third largest economy on the planet is starting to come apart at the seams, and the ripple effects are going to be felt all over the globe. Nobody knew exactly when the Japanese financial system was going to begin to implode, but pretty much everyone knew that a day of [...]
Blog Archives
The Japanese Financial System Is Beginning To Spin Wildly Out Of Control
Tagged with: A Debt, Day Of Reckoning, Debt, Debt Burden, Debt Service, Debt To GDP Ratio, Economic Activity, Financial, Financial Markets, Higher Interest Rates, Interest Rates, Japan, Japanese, Japanese Economy, Japanese Financial System, Japanese Stock Market, Low Interest Rates, Stock Market, Tax, Tax Revenue, The Bank Of Japan, Third Largest Economy
Posted in Michael Snyder
Posted in Michael Snyder
100 Years Old And Still Killing Us: America Was Much Better Off Before The Income Tax
Did you know that the greatest period of economic growth in American history was during a time when there was absolutely no federal income tax? Between the end of the Civil War and 1913, there was an explosion of economic activity in the United States unlike anything ever seen before or since. Unfortunately, a federal [...]
The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global Financial System To Collapse
Have you ever wondered how the big banks make such enormous mountains of money? Well, the truth is that much of it is made by gambling recklessly. If they win on their bets, they become fabulously wealthy. If they lose on their bets, they know that the government will come in and arrange for the [...]
Tagged with: Banks, Banksters, Bets, Big Banks, Crisis, Cyprus, Financial, Financial Crisis, Gambling, Money, Our Money, Stealing Money From Bank Accounts, Tax, Tax Dollars, The Big Banks, The Big Wall Street Banks, The Global Financial System, Too Big To Fail, Wall Street
Posted in Michael Snyder
Posted in Michael Snyder
Will The Banking Meltdown In Cyprus Be A “Lehman Brothers Moment” For All Of Europe?
Cyprus lawmakers may have rejected the bank account tax, but the truth is that the financial crisis in Cyprus is just getting started. Right now, the two largest banks in Cyprus are dangerously close to a meltdown. If they fail, depositors could end up losing virtually all of their money. You see, the banking system [...]
Tagged with: Bank Account Tax, Bank Deposits, Banking Crisis, Banking System, Banks, Cash, Catastrophic, Crisis, Cyprus, Depositors, Europe, Europeans, Failed, Failing, Financial Crisis, Insured, Money, Tax, Wealthiest, Wealthy
Posted in Michael Snyder
Posted in Michael Snyder
Will The Banking Meltdown In Cyprus Be A “Lehman Brothers Moment” For All Of Europe?
Cyprus lawmakers may have rejected the bank account tax, but the truth is that the financial crisis in Cyprus is just getting started. Right now, the two largest banks in Cyprus are dangerously close to a meltdown. If they fail, depositors could end up losing virtually all of their money. You see, the banking system [...]
Tagged with: Bank Account Tax, Bank Deposits, Banking Crisis, Banking System, Banks, Cash, Catastrophic, Crisis, Cyprus, Depositors, Europe, Europeans, Failed, Failing, Financial Crisis, Insured, Lehman Brothers Moment, Money, Offshore Tax Haven, Tax, Wealthiest, Wealthy
Posted in Michael Snyder
Posted in Michael Snyder
After The Banksters Steal Money From Bank Accounts In Cyprus They Will Start Doing It EVERYWHERE
Cyprus is a beta test. The banksters are trying to commit bank robbery in broad daylight, and they are eager to see if the rest of the world will let them get away with it. Cyprus was probably chosen because it is very small (therefore nobody will care too much about it) and because there [...]
Tagged with: Bank Accounts, Bank Robbery, Banksters, Confiscate Money, Cyprus, Depositors, Europe, Eurozone, Financial, Greece, Haircuts, Italy, Leave The Eurozone, Money, Portugal, Spain, Tax, The EU, The IMF, U.S. Bank Accounts, U.S. Financial System, Wealth, Wealth Tax
Posted in Michael Snyder
Posted in Michael Snyder
The Good, The Bad And The Ugly From The Fiscal Cliff Deal
The fiscal cliff deal contains more bad news than it does good news. Yes, the tax increases on the middle class could have been much worse, and we should be thankful that Congress at least did something for the middle class. Unfortunately, they didn’t do enough. Every American worker is going to pay higher taxes [...]
Tagged with: All Of This Debt, America, Blind, Debt, Finances, Fiscal Cliff, Government Debt, Higher Taxes, Middle Class, National Debt, Tax, Tax Increase, Tax Increases, Taxes, The Debt, The U.S. National Debt, This Debt
Posted in Michael Snyder
Posted in Michael Snyder
Happy New Year Middle Class: The Fiscal Cliff Is Going To Rip You To Shreds
The middle class has quite a gift welcoming them as the calendar flips over to 2013. Their payroll taxes are going to go up, their income taxes are going to go up, and approximately 28 million households are going to be hit with a huge, unexpected AMT tax bill on their 2012 earnings. So happy [...]
Tagged with: AMT Tax, Decline, Fiscal Cliff, Gift, Income Taxes, Middle Class, Paychecks, Payroll Taxes, Tax, Tax Bill, Tax Bills, Tax Hikes, Tax Increases, Taxes, Taxpayers
Posted in Michael Snyder
Posted in Michael Snyder
Show This To Anyone That Believes That Taxes Are Too Low
Every year average Americans pay dozens of different types of taxes, and yet many of our politicians are very open about the fact that they want to raise rates even higher and invent even more ways to bleed us all dry. Someday historians will look back and be absolutely amazed at how stupid we were. [...]
Tagged with: Avoiding Taxes, Federal Income Taxes, Financially, Income, Income Taxes, Loopholes, Medicare, Medicare Taxes, Paycheck, Paychecks, Rates, Revenue, Small Businesses, Social Security Taxes, State Income Taxes, Study, Stupid, Tax, Tax Code, Taxes, The Middle Class
Posted in Michael Snyder
Posted in Michael Snyder
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- Oil Explorers Beware: Hackers Are Eyeing What You Know
- Ahmadinejad and the Resurrection of Hugo Chavez
- Why Do They Hate Us Again? Oh, Right. Now I Remember.
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- Green Energy Quote of the Day
- The IPCC: Politicizing Science Since 1988
- WWF Derides ‘Vocal Minority’ Views
- The Open Letter to American Universities
- The Tale of the Non-Endangered Gray Wolf
- Don’t Let Your Daughters Grow Up to Be This Kind of Scientist
- Why Fossil Fuels Improve the Planet
- Putting the ‘Activist’ in Scientist
