Wealth tax to pay for EU bail-outs – Telegraph Instead of taxing cash, European Union governments should in future target property and other, less mobile assets, he said. “For example, over the next 10 years, the rich should give up a portion of their assets,”
Could Bitcoin be the money of the future? | DetlevSchlichter.com Apart from the fact that these self-appointed money masters have neither proper economic theory nor the experience of a thousand years of financial history on the side of their destructive agenda, they obviously do not even comprehend how far their system of manipulated funny money [...]
Scott Adams on How to Tax the Rich – WSJ.com.
I could go on and on, but the bottom line is this: A highly complex set of laws and exemptions from laws and taxes has been put in place by those in the uppermost reaches of the U.S. financial system. It allows them to protect and increase their wealth and significantly affect the U.S. political [...]
What if… 1) The bank has had a margin call behind the scenes or it simply has gotten to the end of available resources? This would mean the bank is technically bankrupt, and only a few days away from announcing it publicly -perhaps blaming the computer problem as the event that caused its demise. 2) [...]
“The End of the World as We Know It” by Dani Rodrik | Project Syndicate.
“But in order for the financial industry to tap this new business area, market access had to first be expanded. It was strictly regulated, and for good reason. The finance industry’s lobbyists got to work, and succeeded in 1999, when the US Commodities Futures Trading Commission substantially deregulated the futures markets. Now banks were permitted [...]
Spain: who is responsible for the property bubble? – Credit Writedowns As recession takes hold, European citizens are starting to ask questions about how they were led into this, the deepest downturn in three-quarters of a century. The leading Spanish daily El Pais published a very thoughtful article today asking how things had unravelled so [...]
America’s Current Economic Condition | Kevin Colby: News, Culture, Political blog by your favorite antagonist America today is burdened with deeply rooted and unsustainable economic challenges. From credit debts and loss of manufacturing nationwide, to foreign nations buying our best companies and proping up the economy with loans, these issues impact every citizen. Here are [...]
Where The Heck Is The Stock Market Bottom? :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website Neil: This isn’t your usual economic contraction. If we want to construct a high probability scenario, we must develop a way to include all the probable economic factors in our recession equation, and then characterize [...]keep looking »