Your taxes aren't funding any handouts. Your and my taxes don't fund anything except maybe at the state level. At the federal level, 100% of the money you pay in taxes goes to pay the owners of the Federal Reserve as interest on the currency they have loaned the US. When things such as capital expenditures for roads, salaries for govt empolyees, military, ANYTHING is paid for through the government, it is due to borrowing more currency (either paper or electronic digits) from the Federal Reserve. I'm not surprised that so many who are so intimately involved with the making of money directly from operating money (traders) do not completely understand the functions of money, its origins as a debt instrument, the true functions of a central bank, and the inherent debt the installation of a central bank creates, along with fractional reserve banking. For years I traded and I didn't understand this. Now I do. It's not surprising to see that so many people, not just a few traders, walk around thinking that our taxes directly pay for anything at the federal level. Our taxes are barely paying interest on the debt instruments that we use every day to transact business (our own paper or electronic currency). Traders watch the federal reserve numbers not because they are insignificant, but because even if you misunderstand how money and taxes truly work you cannot fight the tape, and the FED directly influences the tape more consistently and more powerfully than any other single factor in the markets. Wars or (police actions) don't stop the markets dead in their tracks. But the actions of the Fed stop the markets. There are some very deep reasons for this. But it's very easy to research this now and understand. It may not matter at this point, as far as what to do about the consistent erosion of our currency (because that is precisely why the stock markets are at record highs, the relative value of the dollar) but I always shudder when a fellow trader has an incomplete understanding of money. Even though I understand this and was once ignorant of the facts as well. Your federal taxes don't pay for anything except interest on loaned currency to a fairly small private group of bankers. Anything that comes from the federal government in terms of funding first is borrowed from the FED, then loaned to the US at interest. A good confirmation of this is a graph of the nominal and real values of the dollar over the last 100 years. Can you see a trend?
This post is SOOOO FUCKING STUPID, can't even figure out where to being the response. One more like this, and I'll have you on ignore.
The information I have is accurate. I certainly didn't mean to offend you personally (evidence by your profanity). I am well aware of the process of exposing truth, the first step is complete ridicule by those who are ignorant of the material facts. Your response fits perfectly into the formula. I wonder if you might happen to know who wrote extensively about this process? Or have ever read any classical works that teach how to spot logical fallacies (like the myths you believe about how taxes work)? Your name, too , is very curious. Another misspelling perhaps? Scataphagus (with a "u"), is a fish. Scataphagos, with an o, broken down to its roots ("phagos"meaning glutton or eater) (and "scat" meaning excrement ) has an entirely different connotation. I don't know, I just thought you might want to think about that, posting over 9000 times that way with a tag like that...food for thought, so to speak. Again, this isn't intentionally personal, but you seem reactive and instead of forming a dialogue you take things personally. It's impossible not to expose your thinking or knowledge as incomplete, but that doesn't mean it's personal. I apologize if I offended you.
you are trying to educate the blind and foolish... it would be easier to point them to any of the free online courses about macro, it would certainly save you time... as to his nick name... I prefer to just think of him as scat, noun, deriving from an animal...