the tax cuts were brought about because you know you and i know from living in the rest of the world that the rest of the world has corporate tax rates around eighteen to twenty four five percent so america had thirty five percent and they brought that down to twenty one percent but in order to get that to pass i need to pass some tax cuts for ordinary individuals so most people receive tax cuts but according to the headlines trump gave most americans a tax cut and they did not notice republicans passed a sweeping tax cut for two thirds of american and twenty seven thousand saying it would pay for itself in the american public with thank them now as americans finished filing to the i.r.s. for the first time under the new system the law swelled the deficit and survey so just one fifth of taxpayers believe their taxes have gone down of course that s made it difficult for donald trump on the campaign trail but most people part of the reason why they don t realize this is because
the because are hosed because report here are to so they will be discussing many things let s bring in stacy well i want to look at the fact that no good deed goes unpunished and i m going to use this as an analogy for the tax cuts that happened last year and see the consequences of that but the phrase according to wikipedia no good deed goes unpunished is a sardonic commentary on the frequency with which acts of kindness backfire on those who offer them and other words those who help others are doomed to suffer as a result of their being helpful now i really thought of this as a great way to explain you know politics in general because based on this headline here that happened a few weeks ago in florida of course florida a good samaritan shot dead after picking up tabs at waffle house this was at waffle house at like three in the morning and some guy forty one year old guy came in and he bought a bunch of people s meals and was handing out twenty dollar bills and one woman g
government right because a soon as somebody that s why america does not have universal health care for example is because everybody gets jealous like that poor person has free health care i get none so we re going to destroy the whole system rather than just expand the system they want to take it all down while tax cuts came about and especially the tax cuts were brought about because you know you and i know from living in the rest of the world that the rest of the world has corporate tax rates around eighteen to twenty four five percent so america had thirty five percent and they brought that down to twenty one percent but in order to get that to pass i need to pass some tax cuts for ordinary individuals so most people receive tax cuts but according to the headlines trump gave most americans a tax cut and they did not notice republicans passed a sweeping tax cut for two thirds of american and twenty seven thousand saying it would pay for itself in the american public with th
and fraud whether it s well fargo or j b diamond it s a few morgan or any of these banks the goldman sachs they have them they can print over any single lie because i now in gold you know there s finally entering the arena well that you can print over allies domestically certainly but geo politically globally you know there are other participants and there is game theory involved in this so on one hand you have diplomats who will be nice about certain things and say yeah we we feel like the u.s. economy can keep on printing and the. chileans in trillions i don t even know what it is that this point tens of trillions of dollars of debt is fine we have absolute faith but then you could also look at actually what they are doing to prepare and what sort of indications are coming out we saw that recently with saudi arabia somebody within saudi arabia who have the a thorough. he to do so spoke to reuters and said we re going to no longer price oil in just the dollar we might use ot
because they never took the time to investigate because it s all about they obviously know nothing about economics finance or markets otherwise they would not make such ill informed opinion and soon a state actor will begin mining because going for a strategic reserve purposes in the hash wars will be played out on a state level and that s what ll take us to new all time highs as we get closer to the predicts remade on this show back in two thousand and eleven when the price was a dollar that will see one hundred thousand dollars per bitcoin so we starting this move this spike on the fed minutes that s the first i ve really seen that immediate global reaction so i think it is interesting signal that it s responding like gold gold also spike that day of course they ve both then fell of the following day because that s what happens all the time when you respond when you try to fight the fed you now this is one thing never fight the fed. well gold always has tries to fight the f