should ohio declare sovereignty ?

[NorthPoleMarathoner]

Originally Posted by Pumpkin Eater

That's what drives this economy. Spending. So in other words it would help a lot more than anything else. I'm not advocating such a plan, but the fact is the government would want everyone to waste their money by spending it on stupid stuff.

Spending does not drive the economy. Producing and saving does.

If all you do is spend you become poor. If you produce and save you produce wealth.

Why do people think that spending will somehow make them wealthy?

[NorthPoleMarathoner]

Originally Posted by 1watertiger

back to the federal reserve... why do we allow the federal reserve to put interest on every single dollar printed ? this immediatly puts debt owed and ensures more profit for the ruling bankers. am i wrong about this ?

You are correct. The purpose of the Federal Reserve is to make a profit for banks. They do this by printing money. They have no interest/concern for U.S. Citizens or anything besides the bank.

The Federal Reserve is also the ONLY cause of inflation.

It is not the "greedy" corporations as people pretend.

[cardboy2454]

Originally Posted by NorthPoleMarathoner

Spending does not drive the economy. Producing and saving does.

If all you do is spend you become poor. If you produce and save you produce wealth.

Why do people think that spending will somehow make them wealthy?

corporations want us to spend so stock prices on wall street go up, then they get stock options worth millions more than their salaries, its all what have you done for me today, they can't plan ahead or some corporate raiding company will buy them up and kick them out of their phoney baloney jobs. now they are upset because people are saving money instead of driving stock prices up even more then they were last week. you are right savings drives an economy but when the interest rate is 1 or 2 percent you are borrowing almost for free and you get instant gratification. then you have people making 65000. a year buying 400,000 houses that are 4 or 5000 square feet when the old rules said you buy a house no more than 3 times your income. then you defer paying any principal for years so you can afford the mortgage. i have a solution no one ever wants to hear its an old idea the banks hate and that is to make house loans on a simple interest loan like a car payment. if you get a 33,000 mortgage today you pay back 3 times that amount, its all interest up front mostly so you are 10 or 15 years before any large equity but with the simple interest you have the house paid off quicker and cheaper, easier to sell, more people could afford to buy and the loan would be paid off quicker and you would need a down payment but that makes a better investment anyways and you would be saving so much money over the life of the loan it would be worth a good down payment. this is my big thing now, changing mortgage loans to what the people want and need.

[cardboy2454]

i have not owned a house for several years but there is no mortgage interest deduction anymore right?

[EarthBound?]

Originally Posted by 1watertiger

will ohio join the growing number of states that have declared sovereignty under the 10th. amendment ? by doing this, ohio can serve notice to the federal government to cease and desist certain mandates. what are your thoughts ?

Yah! And call its self the "State of Confusion".

[Tenzo]

Originally Posted by 1watertiger

will ohio join the growing number of states that have declared sovereignty under the 10th. amendment ? by doing this, ohio can serve notice to the federal government to cease and desist certain mandates. what are your thoughts ?

Would anyone notice?

[Tenzo]

Originally Posted by NorthPoleMarathoner

The Federal Reserve is also the ONLY cause of inflation.

Or it could be that supply and demand thingie.

Nyaaaa, no conspiracy in that; never mind