Flashermac Posted January 2, 2013 Report Share Posted January 2, 2013 Congress gets paid no matter what, even if the rest of us go down the tubes. Link to comment Share on other sites More sharing options...
Plainsdrifter Posted January 2, 2013 Report Share Posted January 2, 2013 They get paid until Thursday, thats when the new congress moves in. Don't know how many are new though. Link to comment Share on other sites More sharing options...
Plainsdrifter Posted January 2, 2013 Report Share Posted January 2, 2013 Well the bill passed the House and Asian markets are definitely up in response. Don't you love the sound of a can being kicked.......?? Link to comment Share on other sites More sharing options...
gobbledonk Posted January 2, 2013 Author Report Share Posted January 2, 2013 Yup - the Oz market closed on an 18-month high - confirmation that the bulk of investors are lemmings. Egghead from Westpac currency gurus is claiming that the AUD will be in the 1.06-1.07 USD region within 3 months - cold comfort if we cant get some certainty back in the world economy. Per xe.com today: 100 USD = 3059 baht 100 GBP = 4994 baht 100 EUR = 4057 baht 100 AUD = 3204 baht Based on that, all I need is Richard Branson's PIN number and I'm set ! Link to comment Share on other sites More sharing options...
Plainsdrifter Posted January 2, 2013 Report Share Posted January 2, 2013 I resent being called a lemming, just because my HK stocks went up over 1% in the last 5 hours....? Actually, I consider myself a rather original investor. Link to comment Share on other sites More sharing options...
gobbledonk Posted January 2, 2013 Author Report Share Posted January 2, 2013 Its been a while since we heard from a member of the T360 Billionaires Club - I guess times have been fairly tough for you guys over the last few years .... Link to comment Share on other sites More sharing options...
Dexi Posted January 2, 2013 Report Share Posted January 2, 2013 Seems like many of the developed western economies have the same problem - they have been living beyond their means for years building up debts and now face recession if they try to cut spending and/or raise taxes - time to start printing money Link to comment Share on other sites More sharing options...
unit731 Posted January 2, 2013 Report Share Posted January 2, 2013 Seems like many of the developed western economies have the same problem - they have been living beyond their means for years building up debts and now face recession if they try to cut spending and/or raise taxes - time to start printing money There was a story on the tele a few years back. Counterfeit money showing up all over the greater LA area. Took a couple years to catch the guy. He was real sneaky. Like old Ben Layden. Couriers then more couriers then more couriers who did not know each other. In other words could not trace easily back to original guy. Part of his genius was the paper. Can't get gov-mint paper. He found a similiar paper at a wholesaler for all types of magazine/newspapers. He purchased big rolls of this paper. Then he just used a good color printer. Off the shelf printer. One guy in a small condo in the LA area. They did eventually catch him by the same method they got old Ben Layden. Following each courier. I recall that he "sold" the money at an large discount. Link to comment Share on other sites More sharing options...
zzzz Posted January 3, 2013 Report Share Posted January 3, 2013 Speaking of counterfeit money, I was sitting late one night in a sleazy strip joint in VA Beach years ago; and the waitress was giving me change from a wad she had. As the waitress was laying down the dollar bills on my table, I noticed that some of the bills (not all) were glowing in the black light. I go to sleazy strip clubs with black light about once every ten years or so, so I don't know if it's common for some bills to glow/not glow. But the paper on the bills appeared to be different under the black light. Link to comment Share on other sites More sharing options...
cavanami Posted January 3, 2013 Report Share Posted January 3, 2013 Fiscal Cliff Negotiations Leave Hedge Fund Tax Loophole Unscathed http://www.breitbart.com/Big-Government/2013/01/01/Carried-Interest-Tax-Loophole-In-The-Spotlight Common ground is hard to come by in Washington these days, but everyone, it seems, hates tax “loopholes.†Democrats claim they rob the government of revenue and benefit the rich. Republicans say tax loopholes distort free markets by letting the government pick winners and losers, thereby potentially introducing artificial and undesirable incentives. Indeed, during the 2012 presidential race, Republican vice presidential nominee Paul Ryan attacked tax loopholes for the rich, declaring that he and Gov. Mitt Romney wanted to “get rid of special interest loopholes and deductions that are uniquely enjoyed by the wealthy.†So what about the so-called “carried interest tax loophole� That’s the provision that allows hedge fund managers and investment firm executives to have the profits from the sale of a company taxed at the capital gains rate (soon likely to rise to 20%) instead of the traditional income tax rate (soon likely to jump to 39.6% for top earners)... Link to comment Share on other sites More sharing options...
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