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Author Topic: Agressive US investments.  (Read 5762 times)

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Offline T_Bone

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Re: Agressive US investments.
« on: September 30, 2004, 10:27:39 PM »
(me listens in)  :-)

I don't know. I'm afraid of all non-real estate investments nowdays.
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Offline T_Bone

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Re: Agressive US investments.
« Reply #1 on: October 02, 2004, 07:04:17 AM »
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the_leander wrote:
Debt, I know I know its morally dubious, but yes, debt, a garunteed return on your investment (though the timeframe is variable depending on what countries debt you buy into) typically from what I've read, you'll make about 40% on whatever you put in.

American Debt atm looks to be a good place to start, since theres a lot of it and a reletively stable system of governance in place to garuntee a return.

Dunno however how you'd get in touch with a debt trader though.


Bwahahahahaha!

Untill we start our "revolution" and declare ourselves a new and independant country, irresponsible for the debts of the former USA.

I wonder how that would work actually, if hypothetically, North Carolina removes itself from the Union, can we claim no responsibility for federal debt?

hmmmm....
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Offline T_Bone

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Re: Agressive US investments.
« Reply #2 on: October 04, 2004, 04:56:19 PM »
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Speelgoedmannetje wrote:
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T_Bone wrote:
I wonder how that would work actually, if hypothetically, North Carolina removes itself from the Union, can we claim no responsibility for federal debt?

hmmmm....
No, since it's the UNITED States...
United means your state officially take part of it, AND is likewise any other state responsible for the debt.


In case you missed it, the premise was that a state *removed* itself from the union.

The federal defecit is the responsibility of the federal government, not the states. The federal government doesn't collect revenue from the states, the federal government collects it's taxes directly, not touching the state tax at all.

The Constitution allows the federal government to tax it's citizens, but no provision has ever been made in the Constitution to tax *former* citizens above and beyond any taxes previously due. Currently the government has no athority to impose debt on former citizens assuming they owe no back taxes. I believe the Union would have to eat the loss.

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Offline T_Bone

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Re: Agressive US investments.
« Reply #3 on: October 05, 2004, 08:33:39 AM »
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KennyR wrote:
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T_Bone wrote:
Untill we start our "revolution" and declare ourselves a new and independant country, irresponsible for the debts of the former USA.

I wonder how that would work actually, if hypothetically, North Carolina removes itself from the Union, can we claim no responsibility for federal debt?


It would work about as long as it took the Union army to crush the uprising. You tried it once before, remember? :)


Sure, but this time's different, the evil union troops are overseas! The time is NOW brethren!  :lol:
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