Federal Reserve Bank Units (FRBUs), or if you like better, Federal Reserve Buying Units are what circulate goods and services in the U.S.A. and elsewhere on earth.
In ELECTRICITY PRICES. SHOCKING, ISN'T IT? THANKS, NIXON, I explain that Richard Nixon, then president of the U.S., through Executive Order 11615, closed the gold window, which put Americans on fiduciary bank credits as money system and thus the world on a floating exchange rate scheme for international trade settlement. It is these fiduciary bank credits which constitute Federal Reserve Bank Units.
In INFLATION REVEALED! "REAL GDP" AND FEDERAL RESERVE BANK UNITS, I reveal how using the FRBU deflator give the best measure of inflation.
As can be see with your eyes, both before-tax and after-tax corporate profits are in a bubble.
Between Q3 1971 and Q4 2001, the before tax profit averaged $130.20 billion in GWD, the after tax profit averaged $87.85 GWD and the taxes paid averaged $43.36 billion GWD. The taxes paid to after tax profit ratio was a whopping 49.35%!
Since Q1 2002, the before tax profit average $211.28 billion in GWD, the after tax profit average $161.10 billion GWD and the taxes paid averaged $50.18 billion GWD. The taxes paid to after tax profit ratio was a 31.15%
Average after tax profit has grown 83.38% and taxes paid as grown 15.7% while before tax profit has grown 61%.
Corporate Taxes, in billions Gold Window Dollars (GWDs) using FRBU-deflator
Connect
Get TDJ updates right in your inbox
TDJers Are Reading ...
-
Back during the days that fool Alan Greenspan was chairman of the Federal Reserve, the Mr. Magoo who could not see the biggest credit bubbl...
-
The data comes from the Coronavirus COVID-19 Global Cases by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins Uni...
-
The election of Donald Trump will transform the USA. Believe it. The trends that began between 1988 and 1995 peaked in 2016 and are now c...
-
So Canadians voted for their members of parliament, and in effect, voted for their next prime minister, the product of nepotism, Justin Trud...
-
The pseudo-science of climate change as peddled by academicians is what I call Bolshevik science. It is pseudo-science of misanthropes who h...
-
The formula for "real" GDP taught in schools: nominal GDP ÷ base year GDP × 100 This yields "real" GDP in what was cal...
ALL-TIMERS
-
Back during the days that fool Alan Greenspan was chairman of the Federal Reserve, the Mr. Magoo who could not see the biggest credit bubbl...
-
The data comes from the Coronavirus COVID-19 Global Cases by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins Uni...
-
The election of Donald Trump will transform the USA. Believe it. The trends that began between 1988 and 1995 peaked in 2016 and are now c...
-
For years, the foolish have parroted a thoroughly wrong story that Iggy Pop was a punk rocker and thus "the godfather" of punk ro...
-
The first presidential election featuring at least two parties happened in 1792. George Washington, the winner of that election, returned ...
-
Recently, there has been a dust-up on Twitter between Steve Sailer , a well-known champion of IQ, specifically as a tool to describe race, a...
-
President Donald J. Trump, the 45th President of the United States kicked off the 2024 presidential election race by announcing his candidac...
-
In his so-called manifesto, The Great Replacement: Towards a New Society, Tarrant, under the heading Why did you carry out the attack?, list...
-
BTC has a long way to go down. Likely, it is over-priced relative to the crappy USD by $14,000. What should have been learned about Bitco...