BiggerPockets

Originally posted by Lee Common

This raises some serious concerns for me as to the level of understanding that most people have of the economy and RE market even realtors and entrepreneurs .

Lee,

Why would it surprise you that most people don't understand the economy? Most of the people in this country today can't understand anything more complex than "American Idol". And they're happy that way!

Most people do not have a clue as to what's going on or how serious the economic situation is. They live in their own little world and rarely let reality intrude. Unfortunately about 535 of these people are our elected officials in Washington. People are waiting for the Messiah (Obama) to fix everything but he faces an impossible task.

:cool:

Lee -
Most people just want to live their lives and stay in their bubble of comfort. It is hard to fathom how bad things can get because we're so privileged to live in a country that is so isolated. There aren't wars on our soil, mass famine, mass disease, or other visible crises.

If I close the windows and turn on Idol everything looks good to me too.

Taz,

LMAO

And you are correct!

Rock on Lee!

Don't forget why they call them "brokers". They are broker than most.

It doesn't take a brain surgeon to see conspiracies either. Aside from the white house appointees that had to withdraw under criminal investigation - you have lobbyists being appointed in direct violation to the executive order to not appoint lobbyists. Maybe it's not conspiracies - maybe it's just stupidity. Hey there's a new one. You can be a stupidity theorist.

People call me a conspiracy theorist when I tell them the Federal reserve and IRS are not government organizations

You are not a conspiracy theorist when there ACTUALLY IS A CONSPIRACY!

What we're experiencing is the largest conspiracy in the history of the world. The insidious nature of this conspiracy is that it's not being run in secret from a smoke-filled room. This conspiracy is being run with the full approval of the majority of the ignorant public. The conspirators (government) are using the laziness and greed of the public AND the "financial crisis" they've created to succeed in their conspiracy with nary a complaint.

When you turn people into entitled victims with handouts and then threaten their easy way of life and imaginary borrowed lifestyle with a "crisis", you've got a blank check.

This government conspiracy makes the Bernie Madoff ponzie scheme look like a minor shoplifting incident. There is much wailing and gnashing of teeth over Madoff stealing $50 Billion, but our own government has stolen TRILLIONS and they are in the process of taking away our capitalistic system in favor of socialism.

The bottom line is that this is not a conspiracy theory, it is a successful conspiracy that has ended in a coup that didn't require a single gunshot!

Mike

Yeah, well, I already know I have an FBI file and they have my fingerprints. :cool:




No, not for what you are thinking...






Concealed carry permits



And ...



Top Secret Security Clearance




They know exactly where to find me because I can't get anyone to remove my tracking chip. :cry:

The chip was a joke, lighten up, okay? I'm being good Mr. Handler, I promise. :lol:

Originally posted by MikeOH

You are not a conspiracy theorist when there ACTUALLY IS A CONSPIRACY!

Speaking of government conspiracies, why is it that everyone is so upset with this Bernie Madoff guy for his 50 billion dollar Ponzi scheme? They keep saying how it's the biggest Ponzi scheme ever, but it's not even close. The biggest Ponzi scheme has now been going on for about 7 decades, and it's being perpetrated on all of us to the tune of hundreds of billions.

It's called Social Security.

Originally posted by Brandon C

Originally posted by Taz

IRS is a government organization, it is part of the Treasury Dept.

Fed is a quasi-government organization, it is owned by member banks.

check into that,
http://www.supremelaw.org/sls/31answers.htm

Yeah, that's been discredited many times.

http://law.justia.com/us/cfr/title26/26-20.0.1.1.2.1.2.1.html

§ 601.101 Introduction.

(a) General. The Internal Revenue Service is a bureau of the Department of the Treasury under the immediate direction of the Commissioner of Internal Revenue.

Also...
http://www4.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00007803----000-.html

(a) Commissioner of Internal Revenue
(1) Appointment
(A) In general
There shall be in the Department of the Treasury a Commissioner of Internal Revenue who shall be appointed by the President, by and with the advice and consent of the Senate, to a 5-year term. Such appointment shall be made from individuals who, among other qualifications, have a demonstrated ability in management.
(B) Vacancy
Any individual appointed to fill a vacancy in the position of Commissioner occurring before the expiration of the term for which such individual's predecessor was appointed shall be appointed only for the remainder of that term.
(C) Removal
The Commissioner may be removed at the will of the President.
(D) Reappointment
The Commissioner may be appointed to more than one 5-year term.
(2) Duties
The Commissioner shall have such duties and powers as the Secretary may prescribe, including the power to-
(A) administer, manage, conduct, direct, and supervise the execution and application of the internal revenue laws or related statutes and tax conventions to which the United States is a party; and
(B) recommend to the President a candidate for appointment as Chief Counsel for the Internal Revenue Service when a vacancy occurs, and recommend to the President the removal of such Chief Counsel.
If the Secretary determines not to delegate a power specified in subparagraph (A) or (B), such determination may not take effect until 30 days after the Secretary notifies the Committees on Ways and Means, Government Reform and Oversight, and Appropriations of the House of Representatives and the Committees on Finance, Governmental Affairs, and Appropriations of the Senate.
(3) Consultation with Board
The Commissioner shall consult with the Oversight Board on all matters set forth in paragraphs (2) and (3) (other than paragraph (3)(A)) of section 7802 (d).

I despise the IRS as much as the next person, but it is just lunacy to follow the whacky theories about them not having legal authority. Well, unless that is you like the idea of becoming a member of the not so elite federal inmate society.

Don't take my word for it, the federal laws are all on-line to anyone wanting to look.