| Nov 26, 2008 @ 2:35 AM |
new Economic indicator
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grumblebear
Posts: 10,559
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Millionaires cutting back on payments to mistressesYou know times are tough when the rich start cutting costs on their mistresses. According to a new survey by Prince & Assoc., more than 80% of multimillionaires who had extra-marital lovers planned to cut back on their gifts and allowances. Still, only 12% of the multimillionaire cheaters said they plan to give up on their lovers altogether for financial reasons. “Rich people are getting hit, and they’re all expressing the need to curtail unnecessary spending,” said Russ Alan Prince, president of Prince & Assoc., a wealth-research firm based in Connecticut. “Lovers are part of the same calculation.”
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| Nov 26, 2008 @ 8:04 AM |
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crouchingtiger
Posts: 425
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SO, how about this:
A Mistress or Boy Toy Lover tax for those who do have extramarital affairs.
If they can afford to play the game they can pay the tax and get us out of debt, haha.
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| Nov 26, 2008 @ 9:39 AM |
new Economic indicator
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lacyvsq
Posts: 6,172
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If they can afford to play the game they can pay the tax and get us out of debt, haha. Another 'sin tax' huh?
Getting us (the US) 'out of debt' is an impossiblility. There is no provision at all for repaying the principal on our national debt. There simply are not enough dollars (Federal Reserve NOTES) in existence to pay back interest and principal. Of course, terms in a contract that create an impossibility should render the contract null and void.
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| Nov 26, 2008 @ 9:56 AM |
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Gallows_Humor
Posts: 13,662
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Of course, terms in a contract that create an impossibility should render the contract null and void.
not likely... more like these....
Misrepresentation
Duress and undue influence
Incapacity
http://en.wikipedia.org/wiki/Contract#Setting_aside_the_contract
but I doubt that this court would agree..............
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| Nov 26, 2008 @ 11:06 AM |
new Economic indicator
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lacyvsq
Posts: 6,172
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A contract is an exchange of promises between two or more parties to do or refrain from doing an act which is enforceable in a court of law. It is where an unqualified offer meets a qualified acceptance and the parties reach Consensus In Idem. The parties must have the necessary capacity to contract and the contract must not be either trifling, indeterminate, impossible or illegal.
If all FRNs are created by the Federal Reserve (and they are by definition) and the Fed creates and issues $100 and exchanges it for a treasury note that is interest free, the debt can be repaid by the return of the $100 FRN for payment of the note. If however there is interest on the note -- say 3% -- there are not enough $ FRN to repay $103 FRN -- thus creating an impossibility and making the contract void.
If I give you 10 ears of corn on the other hand, and you plant them and get 1000 ears of corn, you should rightfully pay me more than the 10 ears back as I have given you the ability to create more corn and you have deprived me of the ability to create more corn to the extent of those 10 ears. If I gave you 10 sterile ears and said I wanted back 15 ears, the contract would be impossible as I had not forgone any ability to create, nor passed along any to you.
The Federal Reserve has a monopoly on the creation of $ FRN which is the only legal money in this country. They are not deprived of the power of that creation by loaning to the US government or to AIG or to other banks. To some extent, they are passing on the power to create more money to other banks through the fractional reserve system, but as they are themselves those banks, they are not really passing on the power to create more money to anyone. Therefore, to charge interest on the 'money' makes the contract impossible -- therefore null and void.
As the international court is in the hands of those same banker/elites, I can well imagine that they would not agree with arguments. (Or they might agree, but would never allow me to present them.)
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| Nov 26, 2008 @ 11:11 AM |
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Gallows_Humor
Posts: 13,662
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.
[Edited on 11/26/2008 11:16 AM]
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| Nov 26, 2008 @ 11:15 AM |
new Economic indicator
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Gallows_Humor
Posts: 13,662
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I was ok with what you posted ..until you got to this part...
thus creating an impossibility and making the contract void.
what you state is not enough to "void" it.. but is enough to sieze all remaining assets... 
(Jointly and Severably........  )
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| Nov 26, 2008 @ 11:26 AM |
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lacyvsq
Posts: 6,172
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oh...forgot to cite my quote about contract law
The parties must have the necessary capacity to contract and the contract must not be either trifling, indeterminate, impossible or illegal. http://en.wikipedia.org/wiki/Contract_law
Edited to add:
A void contract, also known as a void agreement, is not actually a contract. A void contract cannot be enforced by law. Void contracts are different from voidable contracts, which are contracts that may be (but not necessarily will be) nullified. An agreement to carry out an illegal act is an example of a void contract or void agreement. For example, a contract between drug dealers and buyers is a void contract simply because the terms of the contract are illegal. In such a case, neither party can go to court to enforce the contract. a void contract is void ab initio ie from the beginning while a voidable contract can be voidable by any of the parties to it. http://en.wikipedia.org/wiki/Void_contract
Note that the illegal used in the example of a void contract is part of the list which a contract must not be.
[Edited on 11/26/2008 11:32 AM]
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| Nov 26, 2008 @ 1:20 PM |
new Economic indicator
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grumblebear
Posts: 10,559
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I guess my point was that people seem to have a lack of ethics, and values...
Only the satisfaction of their appetites seems to matter....
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| Nov 26, 2008 @ 1:49 PM |
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bardnsage
Posts: 1,171
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I have noticed the price of hookers is coming down,,,,,, 
Rates have dropped from $300 to $200 an hour,,,, and that's a huge cut.
Wonder if they will be needing a bailout too? 
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| Nov 26, 2008 @ 3:50 PM |
new Economic indicator
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Angel54214
Posts: 18,199
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Wonder if they will be needing a bailout too?
Out of jail... 
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| Nov 26, 2008 @ 4:00 PM |
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vinnytmd
Posts: 6,004
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I have noticed the price of hookers is coming down,,,,,,
Rates have dropped from $300 to $200 an hour,,,, and that's a huge cut.
Wonder if they will be needing a bailout too?
Unlike Banks they have an unending source of goods.
I say NO BAILOUT --- F'em 
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| Nov 27, 2008 @ 5:55 PM |
new Economic indicator
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GraceUnderFire747
Posts: 226
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I have noticed the price of hookers is coming down,,,,,,
So tell me ... you know this because are you polling street-corner gals? Or are your friends commenting?
BTW, are there one hour minimums? I was only able to pull a max of $100/hr writing software ... hmmmmm.....
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| Nov 27, 2008 @ 7:22 PM |
new Economic indicator |
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Loreli
Posts: 25,408
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cut back on their gifts and allowances pfffffffft...
It would be nice if the pigs cut OUT their extramarital affairs....
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| Nov 28, 2008 @ 7:47 AM |
new Economic indicator
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eyesofastranger
Posts: 930
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get ready for a storm like no other. infused fed money will always lead to runaway inflation. this time on a scale i can't predict. it is a real possibility that countries will collapse under the weight of their debt. it's easy to see this going domino. all just speculation at this point.
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| Nov 28, 2008 @ 11:01 AM |
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Gallows_Humor
Posts: 13,662
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all just speculation at this point 
I'm not thinking that will be the case.here.. as it was "too easy" lines of credit ..for multinational corporations.. that caused our current woes...
the printing of all this money..imho was to make up for the massive shortfall of money..when these notes came due...
remember that "the big players" do not play the game by the same rules we do...
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| Nov 28, 2008 @ 11:52 AM |
new Economic indicator
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Haban3ro
Posts: 1,197
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Another American industry that will be moving offshore... ~sigh~
To Mexico, no doubt; there have so many fri-joles.
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| Nov 28, 2008 @ 1:44 PM |
new Economic indicator |
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Gallows_Humor
Posts: 13,662
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.........
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| Nov 28, 2008 @ 2:30 PM |
new Economic indicator
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Angel54214
Posts: 18,199
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I guess my point was that people seem to have a lack of ethics, and values...
Only the satisfaction of their appetites seems to matter.... Very true Grumbles...This where history tends to repeat itself, and having a mystress or more is not new. Roman Emperors would kill their own wives to marry their mistresses and many were relations in the same family like cousins, etc.
Depending on the country, some mistresses were best friends with the wives and was a common ground to the power of states.
Thousands of years ago, when Concubines were the norm among the royalty leaders, for these women would receive legal assets, which mistresses did not.
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| Nov 28, 2008 @ 10:01 PM |
new Economic indicator |
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lefthandedluckie
Posts: 6,386
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I have this on good authority our economic indicator is right here....
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