"Smart Money" rule of Governments

[Gotno Gizmo]

The "great and the good" of the European Union continue to have one summit meeting after the other in an attempt to resolve the Euro crisis. Meanwhile the credit ratings of these countries continue to decline. EU government’s leaders sit around the table but cannot find a remedy to stop this reduction of credit worthiness in the face of uncontrollable debt.

The European Parliament’s role goes into shadow as a force capable of finding the answer to this demise. As the European Parliament’s annual budgets have not been signed off by its accountants for several years, it is unlikely that this overblown talking shop of overpaid, expenses claiming, self serving individuals could do anything worthwhile to remedy the situation anyway, given that all of these problems have occurred within their administration. Even more remote from their electorate than the domestic parliamentarians, they are nothing more than a burden for the taxpaying people of their countries that they supposedly serve.

The EU leaders now realise that they must introduce tougher restrictions on the casino gambling "banksters" of the global trading oligarchy, and additionally want the "Robin Hood Tax" upon electronic speculative bank transactions.
The prospect of any new taxation or control against the global banks is not an option for the British Prime Minister David Cameron. Since the "Iron Lady" Margaret Thatcher introduced deregulation of the UK, that offered up all of this countries assets to auction, it has effectively sold its soul to the global oligarchy. Subsequently, David Cameron has told his fellow EU leaders that he will not participate in any endeavours to try and control international banking that would concern the City of London more than any other EU state.
The UK’s City of London is now a king pin to the global oligarchy banksters, along with Wall Street, Shanghai, Tokyo and Hong Kong. The City of London is the largest contributor to David Cameron’s Conservative Party funding, and when he says "I must act in the best interests of my nation’s sovereignty", he is really saying that he must protect the forces that own the greater part of Britain’s entire economy. What is left of the UK’s remaining industry is broadly owned by "offshore" entities and is vulnerable to its overseas ownership.
The CIA World Factbook once listed "money laundering" as part of the City of London’s trading activities, and the UK has become the home to many international oligarchs who must restrict their movements to certain countries where they are in danger of arrest for alleged fraud.

[Gotno Gizmo]

The great and the good are assembled in Davos, Switzerland to discuss the economic world’s economic dilemma. Entry is by invitation only and the ticket comes with a hefty admission price. The world’s leading industrial and financial CEOs /spokespersons along with senior politicians from some of the biggest economies pontificate about what must be done "in our own best interests". Meanwhile the economic position for western countries in particular looks bleaker.

As I am British, I find it amusing that the British Prime Minister is there lecturing others about how a successful economy should be run. It is a great pity for the British people that his ability to engineer a better future for the British people is far from visible. Unemployment there continues to grow and workers wages are not keeping up with inflation. Public services and the armed forces are being reduced to a point that their ability to function effectively in the near future is questionable.

Since the Wall Street banking crisis ricocheted around the world dividends and interest payments to investors have downturned. Yet despite of the poor performance of these banks and other trading organisations their CEO’s and senior directors have continued to award themselves high increases in their salaries (compensation) year on year. It is said by many watchdogs that since 2008 these scum bags of underperforming organisations with falling profits and share values / dividends have connived to increase their personal earnings by around 49%. Those CEO’s who have increased their organisations growth in real terms (often asset stripping hedge funds) have paid themselves considerably more. How can they reasonably do this during a period of economic turndown? It is simple, the people who sit on the boards of these companies who recommend these pay awards are part of the same gang now assembled in Davos who clan together to feather their own nests.

[fred2265]

Camerons performance over this has been a disgrace, it seems he does the bidding of his city backers and not the electorate. Populist moves regarding the RBS chairmans bonus are just camoflage, and don't address the fundamental problems.

[Gotno Gizmo]

My claims that western governments no longer hold power were proven today by the British Chancellor of the Exchequer’s annual budget statement. Britain, like many other European countries faces a period of austerity that is impacting heavily upon the poorer sectors of their populations. The British government’s answer is to reduce taxes to the richer minority of its citizens and the resident multi-national business oligarchy. The British Chancellor of the Exchequer’s annual budget statement acknowledges that to try and implement higher tax tariffs against the mega rich is ineffective because they can afford to hire tax evasion lawyers who can dream up new loopholes through which taxes can be avoided. That such evasion is damaging because it encourages the flight of monies out of the country to tax free offshore havens. The Chancellor believes that by reducing taxation upon the mega rich he hopes that they will respond by not indulging so much in tax avoidance. He wants to provide an environment in which they will be more prepared to stay in Britain and invest there rather than to transfer their finances elsewhere.
I believe that the British Chancellor is playing Russian roulette with his own people. I do not believe that the mega rich will respond with a renewed consciousness of doing the decent thing by paying all of its taxes in full. Neither do I believe that the resident multi-national business oligarchy will return their tax assessable head offices to Britain, or return the millions of Pounds ($ Dollars) worth of outsourced jobs and production from more profitable parts of the world. What I believe the UK Chancellor has done is fuel the dissatisfaction of the many who are suffering under the current austerity regime. It is helpful to the "Occupy Wall Street" protest groups and increasing future social disorder.

[Gotno Gizmo]

Like many protest groups world wide, I have been complaining on this thread about the multi-national bilionaire oligarchy who actively avoid paying their fair share of taxes within all of those countries where they generate their ill gotten gains.

Typical of the inept and incompetent career politicians, the British Finance Minister has said this in a British newspaper:
"I was shocked to see that some of the very wealthiest people in the country have organised their tax affairs, and to be fair it’s within the tax laws, so that they were regularly paying virtually no income tax".

He must bean idiot if he has only just realised this. It has been common knowledge for years by anyone whoes imagination goes beyond football games, soap serials and watching F1 racing on TV.

George Osborne: I'm going after the wealthy tax dodgers - Telegraph