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  • "Smart Money" rule of Governments

    I don't know how much media coverage you guys are seeing about the current Republic of Ireland situation, but it's becoming very clear who is getting a firmer hold over the running of individual governments. It's not the elected politicians of these countries anymore, it's the international money markets. The Forex and Government bond holding division of the "Smart Money". Global oligarchy has driven the markets through outwitting these politicians, that have caused countries like Greece, Portugal, Spain, Iceland and Ireland to get their economies into such a position that they are now open to the harmful wrath that that the markets can impart. Eurozone countries are especially vulnerable because pressure on one Eurozone country, means pressure upon the others also.

    The Irish Prime Minister has repeatedly said that they had enough funding to last into next year. But the "markets" have said otherwise underming Ireland's credit rating and putting up the costs of borrowing money from a perceived poor debtor. Ireland will now be forced to go to the EU and IMF without delay and the interest rate for borrowing within Euroland will increase. Who is the beneficary of this situation, the "smart money" of course.

    If only leading governments had the balls to unite against the "smart money". If the USA, Russia, EU, Japan, India, Australia etc etc would agree to combine their forces against "off shore" tax havens like Switzerland, Leichtestein, Cayman Islands, Mauritius etc etc, then it could be revealed who owns the billions of ill gotten gainsand how/ where it is coming from. If they do not do this soon, their cosy little environments will be slowly upturned as new poltical formations will result (for better or for worse) in the turmoil that must surely follow.

  • #2
    Originally posted by Gotno Gizmo View Post
    I don't know how much media coverage you guys are seeing about the current Republic of Ireland situation, but it's becoming very clear who is getting a firmer hold over the running of individual governments. It's not the elected politicians of these countries anymore, it's the international money markets. The Forex and Government bond holding division of the "Smart Money". Global oligarchy has driven the markets through outwitting these politicians, that have caused countries like Greece, Portugal, Spain, Iceland and Ireland to get their economies into such a position that they are now open to the harmful wrath that that the markets can impart. Eurozone countries are especially vulnerable because pressure on one Eurozone country, means pressure upon the others also.

    The Irish Prime Minister has repeatedly said that they had enough funding to last into next year. But the "markets" have said otherwise underming Ireland's credit rating and putting up the costs of borrowing money from a perceived poor debtor. Ireland will now be forced to go to the EU and IMF without delay and the interest rate for borrowing within Euroland will increase. Who is the beneficary of this situation, the "smart money" of course.

    If only leading governments had the balls to unite against the "smart money". If the USA, Russia, EU, Japan, India, Australia etc etc would agree to combine their forces against "off shore" tax havens like Switzerland, Leichtestein, Cayman Islands, Mauritius etc etc, then it could be revealed who owns the billions of ill gotten gainsand how/ where it is coming from. If they do not do this soon, their cosy little environments will be slowly upturned as new poltical formations will result (for better or for worse) in the turmoil that must surely follow.

    Not much media coverage here besides the internet. I agree that euro countries whose enconomies are not so good are straining the rest of European Union. Not sure about the other countries but a huge reason that Greece's economy is in the tank is because of this global recession. Their economy is heavily based on tourism and well no one has money to go visit in the same numbers as before.

    So where is the majority of Ireland's expenditures going to put it in a situation like this?

    I completely agree with you on your last paragraph. The U.S. and other nations should do more when it comes to countries like Switzerland or the Cayman Islands. Another problem with these countries is that they impede the international community. They don't help with tracking terrorist accounts and futhermore provide no help to the international community while they sit on stacks of money.

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    • #3
      I saw on an American documentary show that Dick Cheney had offshore accounts for Haliburton, so he could continue working in the middle east, while the U.S. was at war with some of those countries.

      Comment


      • #4
        Originally posted by sjoyce View Post
        I saw on an American documentary show that Dick Cheney had offshore accounts for Haliburton, so he could continue working in the middle east, while the U.S. was at war with some of those countries.
        Yeah I bet. He didn't seem so shady in the beginning of Bush's first term but after his second term.....well its quite obvious now. Especially Halliburton and the cement job on that rig. That was a big reality of need for government regulation and the bad effects from greedy Capitalism.

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        • #5
          Originally posted by sjoyce View Post
          I saw on an American documentary show that Dick Cheney had offshore accounts for Haliburton, so he could continue working in the middle east, while the U.S. was at war with some of those countries.
          Almost every large company has 'offshore' accounts. It's alot easier to spend the local money via checks w/o waiting 6 months for the checks to arrive in the mail. Bank to bank transfers take several days also.

          " Government Motors" and Ford have offshore companys as well as local accounts to enable them to do business. Can you image the workers on the assembly line at Zaparoezhe, Ua waiting for checks from Detroit?
          It's not always sinister.


          Retirement sucks! You never get a day off!!!

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          • #6
            Originally posted by AkMike View Post
            Almost every large company has 'offshore' accounts. It's alot easier to spend the local money via checks w/o waiting 6 months for the checks to arrive in the mail. Bank to bank transfers take several days also.

            " Government Motors" and Ford have offshore companys as well as local accounts to enable them to do business. Can you image the workers on the assembly line at Zaparoezhe, Ua waiting for checks from Detroit?
            It's not always sinister.

            good point. I didnt even think of that.

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            • #7
              Heck my wife and I have a small "offshore account" in Ukraine. We're far from evil taxdodgers! It's just convenient. Same thing but more so for companys that work around the world. I'm sure that the guys on the assembly lines like having their wage checks there on Friday.


              Retirement sucks! You never get a day off!!!

              Comment


              • #8
                Your'e small fry!

                Originally posted by AkMike View Post
                Heck my wife and I have a small "offshore account" in Ukraine. We're far from evil taxdodgers! It's just convenient. Same thing but more so for companys that work around the world. I'm sure that the guys on the assembly lines like having their wage checks there on Friday.
                Yes Akmike, but your Ukraine account isn't storing billions of dollars resulting from hostile company aquisitions, then asset stripping them, throwing the workers into unemployment, getting the goods made in a cheap labour part of the globe, selling the goods at a slightly reduced price to guarantee sells whilst pocketing the huge mark up. You do not employ the best tax evasion specialists / lawers to ensure that only the smallest part of your commercial activities can be attributed to those countries with whom you conduct business, thus avoiding the normal taxes that the rest of us are expected to pay. I do not anticipate that for one moment you are an economic vulture walking a thin line between legitamacy and international fraud. I'm sure you've never seriously impacted on working peoples lives through your activities and caused social upheaval that has burdened state's coffers due to lost tax revenues and increased social aid bills. You do not bribe officials or conspire with other like business oligarchy to discourage worl'd leaders from acting against you for the fear of the wrath that you and your pals can inflict upon them.

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                • #9
                  Yes Akmike, but your Ukraine account isn't storing billions of dollars.... [\QUOTE]

                  Have you been reading my statements?

                  [QUOTE=Gotno Gizmo;105474]You do not employ the best tax evasion specialists / lawers [\QUOTE]

                  Nope, I'm small potatoes.. second rate lawyers and accountants is all I can afford.

                  Originally posted by Gotno Gizmo View Post
                  I do not anticipate that for one moment you are an economic vulture walking a thin line between legitamacy and international fraud. .
                  Oh? I know I haven't made the headlines of the comic books that you read appearantly, but I get around.

                  Originally posted by Gotno Gizmo View Post
                  You do not bribe officials .
                  Wanna bet? There's been a couple of cops well as that nasty official at the ZAGS office that just would't play right. She got a full C-note for her efforts. And that was before I started the "offshore account" Now she might have gotten twice as much now that I have ready access to all the millions stored away for evil purposes..

                  You've been there how long and you can honestly say that you've never greased a plam(bribe) to get something working right or faster?

                  LaLa land still?


                  Retirement sucks! You never get a day off!!!

                  Comment


                  • #10
                    How much more before People Power revolution?

                    I saw on the Euro News TV the protest marches in Dublin and I can only sympathise with the feelings of those interviewed in the street. They say that the ordinary people are being made to pay for the errors and indulgencies of the the internationl bankers and speculators, coupled to the incompetence of their own entrusted politicains who failed to regulate and control the economy. They believe that the rescue burden 'should be shared, but it seems the ordinary man will be paying the most.

                    According to the BBC the key points of the recovery plan include:

                    24,750 public sector jobs cuts
                    2.8bn euros of savings in social welfare spending
                    1.9bn euros to be raised from income tax changes
                    1 euro cut in the minimum wage to 7.65 euros an hour
                    VAT rise from 21% to 22% in 2013, and to 24% in 2014
                    the corporation tax rate remains unchanged at 12.5%
                    a new "site value" property tax to raise 200 euros from most homeowners by 2014.

                    Finance minister Brian Lenihan said that the spending cuts would be concentrated in areas of highest spending - pay, pensions and social welfare.

                    Meanwhile bond markets have expressed their displeasure, with yields on Irish government bonds returning to the same elevated levels they were at before talks over the bail-out began.

                    Spain is also being caught up in a broader loss of confidence in eurozone governments, with the yield on its 10-year bond rising above 5% for the first time since 2002.
                    (end of BBC comment)

                    I cannot understand why Ireland's gpvernment won't put up corporation tax. Is it that they're held to ransom by the "smart money" in some way. Meanwhile, it seems that "smart money" whoes manipulative profiiteering got these countries into this mess, is now out to make even more loot to send offshore from higher interest rate earnings.

                    Comment


                    • #11
                      I won't pay tax, Ill go elsewhere!

                      Perhaps this is the reason why the government of Ireland, having taken cutting measures against its citizens, refuses to raise Corporation tax against business.
                      From the British UNITE trade union website:-

                      UNITEwhich represents the majority of the 108 staff at Elsevier Science in Shannon has condemned the insensitive way in which the company’s winding down of operations in Ireland was notified to staff through the media rather than by direct communication.

                      The company announced last week that it was to commence a redundancy programme for almost all staff as a result in international restructuring.

                      “The decision was taken and the announcement made with no consultation with the staff who have served the company loyally over many years,” said UNITE Regional Officer Brendan Byrne. “Many staff heard about the closure from relatives calling them having heard it on local and national radio bulletins.”

                      “This obviously caused great distress and falls very far beneath the standards of behaviour and decency which we would expect from a major company.”

                      UNITE officials are meeting with staff on Monday and will then be meeting with management to determine if any alternative courses of action are possible or, if not, to negotiate the best possible severance package for workers.”

                      Comment


                      • #12
                        Chinese Oligarch creates French unemployment

                        "Plysor" a company in northern France was manufacturing laminated ply board in three locations and once employed 432 persons. I have been trying to follow the story of its destruction, but my French is not quite good enough to get the exact technicalities of the business law and other detail. However, this is broadly the situation.
                        The company was facing a downturn of trade due to the financial crisis, but still had a viable future. However, by whatever means the company came into the possesion of a Chinese business oligarch Mr Zang Ching. The French government made him give an undertaking that he would maintain the business for at least three years and would not seek to asset strip and sell the business. From this acquisition Mr Wang acquired the timber supply rights for the raw material coming from Gabon, Africa. He used this advantage to ensure that the bulk of this available raw material was sent to China and not to France. Subsequently the French factories ran out of raw material and the Plysor workers were unable to work and their pay was stopped. Mr Wang was unwilling to maintain an adequate supply of material to fulfill existing orders.
                        The Plysor workers turned to their own regional authorities for assistance but seemingly they were toothless and couldn't do anything beneficial in support of the workers. When the workers formed a delegation to protest their situation at the Ministry of Industry in Paris they were alledgedly confronted by 8 van loads of riot police stopping them from disrupting the ministry.
                        Occupation of the now silent production plants and even a hunger strike folled. Eventually parts of the business was sold to another oligarch Mr Ghasson Bitar who is alledgedly from Lebanon. Thus many of the original legal requirements for the continuity of the business are compromised and its future remains very uncertain. Meanwhile workers who are not technically unemployed and dare not resign for fear of losing entitlements after many years of service have received little or no money. Mr Biitar's ability or legal requirement to continue paying the employees is questionable and unresolved.
                        However, Mr Zang Ching is seeing his plywood business in China boom as he is a leading expoter to Russia and has legally gained preferential supply rights from the forests of Gabon.
                        This is undeniable evidence that governments are not clever enough to match the sophisticated business methods of global oligarchy. Of course, if the European Union was worth a fraction of the money that it takes from the member states, you might expect them to have some global mediation skills. But the EU cannot even manage their own budget, and the Italian Mafia have enriched themselves in recent years by misappropriating millions of Euros from spurious EU regional devlopment funds.

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                        • #13
                          If the corporate taxes go up, Fine. They'll just raise their prices to make it up on their bottom line.

                          Who do you think actually pays their taxes?

                          The customers!

                          The best way to save tax money is to stream line government and get rid of all the deadwood and redundant agencys. Let free enterprise be free to compete. Severly limit the amout of welfare that able bodied people can take. Make them work instead of living off the real taxpayers.

                          Your "profiteering" remark was funny. Don't you think that the stockholders t(hat actually own the majority of companys )deserve a return on the savings /retirement money that they invest and risk?


                          Retirement sucks! You never get a day off!!!

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                          • #14
                            so you think it is ok for companies to rip off people in the name of profit??? and where do you draw the line??? is it ok to rip people off for dentistry or drugs or education??? profit in itself is not wrong... what is wrong is excessive profit at the expense of the populace!!!!!! and state ownership of the means of creating wealth in itself is not wrong.. however can you truly support capitalism and the deviseness it creates????
                            John 3/16

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                            • #15
                              Simply because there is businesses competeing for your money for their product. They can't rip and gouge for long because someone else is going to say.. "Hey, I can do that cheaper and better for less and still make money! Possibly more because the masses will pass the word that I'm provifding a better service or product for less!"
                              You're not bound to buy a service or product from one company. Hell for healthcare I can travel (litteraly)halfway around the world to Ukraine for my medical and dental and still save money and get as good of care as I do here. Drugs are alot cheaper there also. Many in the USA go to Canada or Mexico monthly for drugs from the same US comapnys because they're sold there cheaper. Once beyond the US borders there's a better selection of drugs also. Many w/o the need for a visit to a Dr.and that additional expense.
                              Yes IMO the medical profession and legal can and do rip us off with huge prices. But there are options.
                              Use them.

                              Your apartment rent is too high.. Move! It's your choice.
                              Your taxes are too high? Move! it's your choice.


                              Nick, You show that you're from England. What's the airfare to Ukraine via Wizz or any of the other carriers? 300 USD? Cheap flying compared to what I have to pay. This trip that I'm going on in 2 weeks is costing me $2600 rt for 2. Would I like to pay 300 instead? You bet but Wizz hasn't started flying to Alaska yet.
                              Condor (a cheap German airline) does but only during the summer months. Too bad I cannot take time off from work to travel then. But that's my choice.


                              Retirement sucks! You never get a day off!!!

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