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Underwear Flashing

December 14, 2012 by  

An economic indicator goes positive. When he was chairman of the Federal Reserve, Alan Greenspan said that one of the unusual indicators he followed was sales of men’s underwear. The theory posits that sales decline when men are pessimistic about their incomes and the economy. Let’s hope the opposite is also true, because Hanes and other underwear manufacturers are reporting higher sales than they’ve enjoyed in years. The men’s underwear indicator is flashing positive.

Google avoids a bunch of taxes. Google has avoided a ton of taxes by funneling most of its overseas profits into a company in Bermuda, rather than bringing the money back to the United States. According to Bloomberg, Google saved about $2 billion in taxes by shifting $9.8 billion in profits. Since the U.S. tax on corporate profits is 35 percent, Google’s savings were probably a lot higher. Is it any surprise that people — and companies — will avoid paying higher taxes when they can legally avoid them? Washington, please take note.

A bountiful bonus. A record number of companies are paying out record amounts in dividends this month to avoid the higher taxes everyone expects next year. But I haven’t heard of anyone who will equal the payout that Sheldon Adelson will receive from his company, Las Vegas Sands Corp. The special dividend the casino operator approved last month will be worth about $1.2 billion to him, the press reports. That is more than 22 times the amount of political donations Adelson made this year. Clearly, he can afford them.

Why not just send them the money? A report from the Republican staff of the Senate Budget Committee says the United States spent $1 trillion on welfare payments last year. Of that total, $746 billion came from Federal taxpayers, while $254 billion came from the States. If the money were divided equally among the 16.8 million households below the official poverty line of $23,000, each one would receive $59,523. But then a lot of bureaucrats would be out of a job.

–Chip Wood  

Chip Wood

is the geopolitical editor of PersonalLiberty.com. He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.

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  • Cliffystones

    I believe it was Jeff Foxworthy who said as long as a pair of underwear has 2 holes for your legs it’s still good.

  • Gary L.

    Maybe the economy and the election are to blame for lots of soiled underwear.

  • dan

    what’s it mean when the POTUS wears panties and the FLOTUS has gone commando ?

  • Stepcof

    Greenspan is wrong. When people know they are in for financial hard times, they stock up on necessities like underwear. :) time to stock up!

    • Firefly

      I have been saying this for several years now. With banks paying 1% interest money is best put into things you will need down the road that will cost more. Non-perishable foods and clothing, some anyway, certainly fit the bill. While the government may try to seize gold when things get really bad they are not like to go after your clothes or a quality sleeping bag or whatever.

  • ranger09

    Amazing how much Money WE pay these Idiots to come up with such ideals, The only good indicator is JOBS,JOBS, and JOBS, with out jobs the Economy sucks for working People.

  • ranger09

    But when you get down to it The American People can Only blame themselves, They get into Office and WE let them stay there, No matter how bad they are.And we sure dont have many good ones.

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