Go Back   Ukraine.com Discussion Forum > Society > Politics

Notices


"Smart Money" rule of Governments

Reply
 
LinkBack Thread Tools Search this Thread Rate Thread Display Modes
  #36 (permalink)  
Old 3rd March 2011, 16:10
Gotno Gizmo Gotno Gizmo is offline
Registered User
 
Join Date: Mar 2010
Posts: 1,440
Gotno Gizmo is on a distinguished road
USA Tax Dodgers?

It seems that more USA citizens are finding austerity measures impacting upon the poorer echelons of their society questionable, when the richest in their midst pay so little tax pro rata to earnings:-

The Phony Budget Crisis: Forget Austerity, Tax the Rich | Common Dreams
Reply With Quote
  #37 (permalink)  
Old 3rd March 2011, 17:50
AkMike AkMike is offline
Registered User
 
Join Date: Apr 2009
Location: Alaska
Posts: 918
AkMike is on a distinguished road
Non Ukrainian post
Reply With Quote
  #38 (permalink)  
Old 7th March 2011, 16:18
Gotno Gizmo Gotno Gizmo is offline
Registered User
 
Join Date: Mar 2010
Posts: 1,440
Gotno Gizmo is on a distinguished road
More Evidence of Bankers Greed

Despite the UK government "urging" top bankers to show restraint over their pay and bonus payments, banker's greed contues unabated. The banks know the British government is powerless to take any action against them.
BBC News - Barclays chief executive Bob Diamond gets £6.5m bonus
Reply With Quote
  #39 (permalink)  
Old 9th March 2011, 11:14
Gotno Gizmo Gotno Gizmo is offline
Registered User
 
Join Date: Mar 2010
Posts: 1,440
Gotno Gizmo is on a distinguished road
Banks more powerful than government?

I have tried to demonstrate how weak western governments are in challenging the banks and multi-national big business throughout this thread. The British government have said that they want the top bankers to curtail the massive payments that they award to themselves.
So you would imagine that the Royal Bank of Scotland, that was bailed out by the British tax payer (subsequently 83% owned by British government), and continues to run at a loss, would moderate its payments to its top management.
No, not a sign of it, how's about £7.7 million GBP in total benefits to its top executive!

BBC News - RBS chief Stephen Hester gets £7.7m pay package
Reply With Quote
  #40 (permalink)  
Old 27th March 2011, 13:29
Gotno Gizmo Gotno Gizmo is offline
Registered User
 
Join Date: Mar 2010
Posts: 1,440
Gotno Gizmo is on a distinguished road
"March for the Alternative"

Last night the BBC reported on the protest march taking place in London. Sponsored by the Trades Union Council of Britain, it was called "March for the Alternative", although amongst the masses it was more commonly named the "Ant-Cuts March", as for the most part, people where protesting about the British ConDem coallition government's austerity measures. The BBC reported more than 250,000 participating protesters and the TUC claimed more than 400,000participants. One thing is certain, that the rear of the column could not move off until the front of the column had already arrived at the rally point in Hyde Park 3 hours before.

Many ask what is the alternative? Well in my view there isn't one all the time the real balance of power in the industrialised world is firmly in the hands of the multi-national business oligrachy. Most "democratic" governments are now reduced to puppets cowering before their real masters.

smart-money-rule-governments-26032011624.jpg

smart-money-rule-governments-26032011619.jpg

smart-money-rule-governments-26032011620.jpg

smart-money-rule-governments-26032011626.jpg

BBC News - Thousands turn out for anti-cuts march in London
Reply With Quote
  #41 (permalink)  
Old 20th April 2011, 14:30
Gotno Gizmo Gotno Gizmo is offline
Registered User
 
Join Date: Mar 2010
Posts: 1,440
Gotno Gizmo is on a distinguished road
Make profit there, but employ elsewhere!

Another multi-national corporation Orange Telecoms have taken the reduction of employing persons in its UK (offshoring) a stage further. It was announced that one of their UK customer service call centres would be closed, but that employees could take up another offer of employment. The job offer was in an Orange call centre in the Philippines! Employees where handed a copy of the employment terms including the salary offered plus "rice allowance"!

When this news broke on the British media causing consternation, Orange
immediately denied this decision as an HR error. However, there is little doubt in my mind about the original intention of Orange, and this is just another example of most multi-national conglomerates who are happy to generate profits in a country, whilst striving to not to employ staff in those countries, in favour of low wage locations.

Orange call centre staff told: Swap Darlington for the Philippines | Business | The Guardian
Reply With Quote
  #42 (permalink)  
Old 29th November 2011, 11:27
Gotno Gizmo Gotno Gizmo is offline
Registered User
 
Join Date: Mar 2010
Posts: 1,440
Gotno Gizmo is on a distinguished road
Since 2008 some financial journalists have been commenting of the demise of the USA economy and the probable collapse of the US Dollar. However, this topic is being eclipsed by the more urgent danger of European economies imploding, putting the long term viability of the Euro at risk.

I believe much of this situation is caused, by "smart money" credit card consumerism. The developed consumerism world has been seduced into an environment of living above their means by incessant glossy advertising that persuades them that they are deprived unless they possess "this" product with its logo, label and packaging. The younger the individuals, the more prone they have become to this seduction. Kathy, a moderator of this website has recently apologised for not writing before because she "was too busy working to keep her children in Iphones"! There may have an element of jest, but it does help illustrate my argument.

To fund this consumer spending, housing market values were allowed to inflate so that false securities could be used to underpin excessive borrowing, thus artificial wealth was being created. This false perception of wealth gave rise to more and more purchasing of higher value goods (cars, electronic goods, furnishings, travel etc).

If the the buyers of those goods were buying the produce from their local economies then it becomes a cash carousel. However when you have a situation like the USA buying goods from China, and China buys less than one tenth of this value of goods from the USA, you clearly have an imbalance of funds.

In the United Kingdom, as traditional industries have died, these real estate sites have often been turned into shiny shopping mall locations. Sucessive governments have praised this investment for providing jobs in areas of unemployment. The fact that these stores were for the mostpart crammed with imported goods was apparently irrelevent.

Today I witness a trading situation were almost all the products that I buy are produced by companies that are owned by corporations with their head offices in remote tax free havens. These corporations are happy to make profits in these countries, but seek wherever possible not to employ people in these countries, or pay proportianate taxes in these countries. They transfer production to the cheapest sources available. Their sophisticated modus operandi outwits individual governments and political blocks like the European Union. Their influence amongst the elite and influential is hidden, but it corrupts and distorts previous trade and moral disciplines. It also permiates into education and training inasmuch as the lack of "real jobs" within these societies, give rise to the tendancy to develop "socio/conceptual subjects as an alternative from really useful subjects. It would not be beneficial to the current status quo for individual consumer countries to be able to make their own products resulting from inovation, invention and subsequent self sufficiency. It would be most damaging to the "Smart Money" current self wealth creation abilty.

Last edited by Gotno Gizmo; 29th November 2011 at 11:32. Reason: typing error
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump



All times are GMT +1. The time now is 17:00.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.0.0 RC4 © 2006, Crawlability, Inc.