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Unfortunately, hardly anyone is talking about this right now, but the consequences are about to start catching up with us in a major way.The only possible way that our game of “borrow, spend and stick future generations with the bill” can continue is if the rest of the world participates.Payors of interest, dividends and other reportable payments must withhold income tax equal at a rate equal to the fourth lowest rate applicable to single filers if they fail to supply a federal id # or if they fail to certify that they are not subject to it.All or portion of an ACCOUNT, loan, or note receivable considered to be uncollectible. State laws that regulate the ISSUANCE of SECURITIES. Individuals responsible for overseeing the affairs of an entity, including the election of its officers.Substantive tests of financial information which examine relationships among data as a means of obtaining evidence.Such procedures include: (1) comparison of financial information with information of comparable prior periods; (2) comparison of financial information with anticipated results (e.g., forecasts); (3) study of relationships between elements of financial information that should conform to predictable patterns based on the entity's experience; (4) comparison of financial information with industry norms.As for homeowners, few banks will lend beyond a 43% debt-to-gross income ratio (10% too high IMO).

Complete removal of an amount due, (usually referring to a ): (1) it provides reimbursements advances or allowances including per diem and meals, to employees for any job related deductible business expense; (2) employees must be able to substantiate expenses covered in the plan; (3) employee must ); (2) results of procedures performed (AGREED-UPON PROCEDURES REPORT); (3) non-expression of opinion or any form of assurance on a presentation in the form of financial statements information that is the representation of After a taxpayer's basis in property is determined, it must be adjusted upward to include any additions of capital to the property and reduced by any returns of capital to the taxpayer.

This is potentially a massive problem, because our entire debt-fueled standard of living is dependent on foreigners lending us gigantic mountains of money at ultra-low interest rates. If foreigners keep dumping our debt and if Treasury yields keep climbing, a major financial implosion of historic proportions is absolutely guaranteed within the next four years. national debt is sitting at 19.944 trillion dollars.

government debt just got back to 5 percent, which would still be below the long-term average, we would be paying out about a trillion dollars a year just in interest on the national debt.

In other words, we need them to continue to buy our debt.

Unfortunately for us, a major shift is now taking place. The wholesale liquidation of US Treasuries continued in November, when according to the just released TIC data, foreign central banks sold another 6 million in US paper in November 2016, which due to an offset of 2 million in buying one year ago, means that for the 12 month period ended November, foreign central banks have now sold a new all time high of 5 million in the past 12 months, up from a record 3 million in LTM sales as of one month ago. government can continue on with business as usual is if it can continue to borrow billions upon billions of dollars at ultra-low interest rates.