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Underground Economy - Printing of $100 Bills Soars
Posted on 12/23/12 at 8:19 am
Posted on 12/23/12 at 8:19 am
Cash Is King: Printing of $100 Bills Soars
The Underground Economy is nothing new. However, it's my opinion that more and more people are "withdrawing" from the craziness in Washington at an alarming rate and are now convinced that ANYTHING is possible with Obama doing another 4 year stint.... so they're dropping off the Government's radar and embracing the Underground Economy in a big way. Drug dealers aside, I think you're seeing a new form of Conscientious Objector when it comes to taxation and unbridled Government spending. This, together with the recent gun control chatter, is pushing more and more US citizens over the threshold of taking matters into their own hands - literally.
I think more and more concerned middle-class parents have quietly begun transferring their wealth to their kids in the form of cash (and other tangible assets) in an attempt to by-pass the estate tax hatchet of an administration that they perceive as having gone off the tracks.
I can't ever remember cocktail conversations drifting to this subject as I have over the last year.
The Underground Economy is nothing new. However, it's my opinion that more and more people are "withdrawing" from the craziness in Washington at an alarming rate and are now convinced that ANYTHING is possible with Obama doing another 4 year stint.... so they're dropping off the Government's radar and embracing the Underground Economy in a big way. Drug dealers aside, I think you're seeing a new form of Conscientious Objector when it comes to taxation and unbridled Government spending. This, together with the recent gun control chatter, is pushing more and more US citizens over the threshold of taking matters into their own hands - literally.
I think more and more concerned middle-class parents have quietly begun transferring their wealth to their kids in the form of cash (and other tangible assets) in an attempt to by-pass the estate tax hatchet of an administration that they perceive as having gone off the tracks.
I can't ever remember cocktail conversations drifting to this subject as I have over the last year.
Posted on 12/23/12 at 9:31 am to tigerpawl
Cash is better than a savings account for sure. No interest free loans to the banks, what a fricking scam.
Posted on 12/23/12 at 9:44 am to tigerpawl
Yep, I see it happening first hand. Elections have consequences.
Posted on 12/23/12 at 6:51 pm to tigerpawl
Is it as simple as selling assets for cash and giving it to your kids?
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