International Monetary Fund ( IMF ) makes the case for continued massive government deficit spending in U.S. and Europe to avoid a Global Recession.
Does not mention China, India or any other region as having any critical influence on World Economy.
Play the video in the linked article for "Executive Summary" of the message the IMF is trying to send to Europe and the U.S.
http://www.bloomberg.com/news/2012-10-0 ... slump.html
Financial topics
Re: Financial topics
It may help clarify as Larry Summers conveyed on the inital issue we noted years ago. Some of us are under strictures and mine releases in two quarters. The IMF is grasping at straws and to be brief the States are 17 percent of this inept statist monster "think Thucydides here on opportunity costs and the school of political realism which views the relations between nations as based on might rather than right. His text is still studied at advanced military colleges worldwide, and the Melian dialogue remains a seminal work of international relations theory. Remember RC it is a political arm and free trade is a attempt to avert markets participants from slipping into darkness to the left. You can note the current news how that is going for some. I do not want the IMF representing me at all point blank, or anything pertaining to me.
As we forumed here also before 2010 that Lawrence Summers who served as President Clinton's treasury secretary during the headiest days of free-trade enthusiasm, is now having some very public second thoughts. Writing in the Financial Times, he noted that "[e]ven as globalisation increases inequality and insecurity, it is constantly and often legitimately invoked as an argument against the viability of progressive taxation, support for labour unions, strong regulation and substantial production of public goods that mitigate its adverse impacts." But Summers argued that such an attitude was a political non-starter, particularly as globalization "encourages the development of stateless elites whose allegiance is to global economic success and their own prosperity rather than the interests of the nation where they are headquartered." In a subsequent column, he concluded that the "domestic component of a strategy to promote healthy globalisation must rely on strengthening efforts to reduce inequality and insecurity. The international component must focus on the interests of working people in all countries, in addition to the current emphasis on the priorities of global corporations."
Firm but fair seems to prevail to date. Pari passu is a Latin phrase that literally means "equal footstep" or "equal footing."
I am in private equity terms next year and a new set of issues and thoughts going forward for some. Having seen decades of all the above it comes down to basic tenets as the seen or unseen as Hayek noted the sign of the times of the market dynamics.
http://www.zerohedge.com/news/2012-10-0 ... -agree-bls
You have one choice. Let that sink in a moment.... http://www.golemxiv.co.uk/2012/10/why-a ... le-answer/
http://www.debtgeneration.org/excerpts3cont.html
All governments suffer a recurring problem: Power attracts pathological personalities. It is not that power corrupts but that it is magnetic to the corruptible. Do not seek it and you know the touch on others.
As we forumed here also before 2010 that Lawrence Summers who served as President Clinton's treasury secretary during the headiest days of free-trade enthusiasm, is now having some very public second thoughts. Writing in the Financial Times, he noted that "[e]ven as globalisation increases inequality and insecurity, it is constantly and often legitimately invoked as an argument against the viability of progressive taxation, support for labour unions, strong regulation and substantial production of public goods that mitigate its adverse impacts." But Summers argued that such an attitude was a political non-starter, particularly as globalization "encourages the development of stateless elites whose allegiance is to global economic success and their own prosperity rather than the interests of the nation where they are headquartered." In a subsequent column, he concluded that the "domestic component of a strategy to promote healthy globalisation must rely on strengthening efforts to reduce inequality and insecurity. The international component must focus on the interests of working people in all countries, in addition to the current emphasis on the priorities of global corporations."
Firm but fair seems to prevail to date. Pari passu is a Latin phrase that literally means "equal footstep" or "equal footing."
I am in private equity terms next year and a new set of issues and thoughts going forward for some. Having seen decades of all the above it comes down to basic tenets as the seen or unseen as Hayek noted the sign of the times of the market dynamics.
http://www.zerohedge.com/news/2012-10-0 ... -agree-bls
You have one choice. Let that sink in a moment.... http://www.golemxiv.co.uk/2012/10/why-a ... le-answer/
http://www.debtgeneration.org/excerpts3cont.html
All governments suffer a recurring problem: Power attracts pathological personalities. It is not that power corrupts but that it is magnetic to the corruptible. Do not seek it and you know the touch on others.
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Reality Check
- Posts: 1441
- Joined: Mon Oct 10, 2011 6:07 pm
Re: Financial topics
European Union is split on the implementation of a percentage based tax on every purchase, and every sale, of stocks, bonds, derivatives, etc..
Only 11, of the 27, European Union member countries, have agreed to implement the tax by 2014 ( within their 11 countries only) not in the entire EU, nor in the entire European Common Currency Zone.
Nine ( 9 ) was the minimum number of countries needed to implement the tax ( only within their sub-group of the countries within the European Union ) and have it enforced under the legal authority of the European Union.
The eleven (11) countries that agreed to implement a financial transaction tax of some kind by 2014 within their countries were: Germany, France, Italy, Spain, Belgium, Portugal, Austria, Greece, Slovakia, Slovenia and Estonia.
The Sixteen ( 16 ) countries NOT implementing the tax within their countries include England ( United Kingdom), Holland ( the Netherlands ), Sweden, Poland, Denmark, Czech Republic, Ireland, Finland, Latvia, Lithuania, Luxembourg, Hungary, Romania, Bulgaria, Cyprus, and Malta.
Exactly what the legal responsibilities, under the European Union Treaty, of the 16 countries not implementing a financial transaction tax within their own countries, will be to collect the tax on citizens of the 11 countries who do is not clear from the below linked article:
http://www.ft.com/intl/cms/s/0/c5a49c1c ... z28sfg2cXz
Only 11, of the 27, European Union member countries, have agreed to implement the tax by 2014 ( within their 11 countries only) not in the entire EU, nor in the entire European Common Currency Zone.
Nine ( 9 ) was the minimum number of countries needed to implement the tax ( only within their sub-group of the countries within the European Union ) and have it enforced under the legal authority of the European Union.
The eleven (11) countries that agreed to implement a financial transaction tax of some kind by 2014 within their countries were: Germany, France, Italy, Spain, Belgium, Portugal, Austria, Greece, Slovakia, Slovenia and Estonia.
The Sixteen ( 16 ) countries NOT implementing the tax within their countries include England ( United Kingdom), Holland ( the Netherlands ), Sweden, Poland, Denmark, Czech Republic, Ireland, Finland, Latvia, Lithuania, Luxembourg, Hungary, Romania, Bulgaria, Cyprus, and Malta.
Exactly what the legal responsibilities, under the European Union Treaty, of the 16 countries not implementing a financial transaction tax within their own countries, will be to collect the tax on citizens of the 11 countries who do is not clear from the below linked article:
http://www.ft.com/intl/cms/s/0/c5a49c1c ... z28sfg2cXz
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Reality Check
- Posts: 1441
- Joined: Mon Oct 10, 2011 6:07 pm
Re: Financial topics
It will be interesting to see what impact this new financial transaction tax has on the flight of wealth, and rich people, from the very high tax regions of Europe to the lower tax regions.
Great Britain, has, by far, the largest banking and financial services industry in Europe, and Great Britain has no obligation to implement the new financial transaction tax within their country upon their own citizens.
France has just implemented a combined income tax, plus wealth tax, on high income French citizens of between 80% and 85%
It is unclear how these taxes on French citizens will be collected if they buy and sell stocks, bonds, derivatives, etc. on the London financial markets.
This uncertainty regarding the financial transaction tax, together with the certainty of higher income tax rates in France, may encourage those with money in France to move to Great Britain.
Such freedom of movement is allowed under the European Union Treaty and the government of England has been encouraging wealthy citizens of other countries in Europe to bring there money and their residence to London, or anywhere in Great Britain.
Great Britain, has, by far, the largest banking and financial services industry in Europe, and Great Britain has no obligation to implement the new financial transaction tax within their country upon their own citizens.
France has just implemented a combined income tax, plus wealth tax, on high income French citizens of between 80% and 85%
It is unclear how these taxes on French citizens will be collected if they buy and sell stocks, bonds, derivatives, etc. on the London financial markets.
This uncertainty regarding the financial transaction tax, together with the certainty of higher income tax rates in France, may encourage those with money in France to move to Great Britain.
Such freedom of movement is allowed under the European Union Treaty and the government of England has been encouraging wealthy citizens of other countries in Europe to bring there money and their residence to London, or anywhere in Great Britain.
Last edited by Reality Check on Wed Oct 10, 2012 5:15 am, edited 3 times in total.
Re: Financial topics
http://www.guardian.co.uk/world/2012/oc ... ed-taliban We will be paying you boys a visit. Taliban appeared more than happy to take the credit.
Capital will pool when liberty and reality meet RC. As we note even the liberals are taking note now.
When the rupture is painfully obvious we can only guess when the avarice will be swept away.
Capital will pool when liberty and reality meet RC. As we note even the liberals are taking note now.
When the rupture is painfully obvious we can only guess when the avarice will be swept away.
Last edited by aedens on Wed Oct 10, 2012 9:02 am, edited 2 times in total.
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Reality Check
- Posts: 1441
- Joined: Mon Oct 10, 2011 6:07 pm
Re: Financial topics
Both liberty and reality seem to be of increasingly short supply in the western countries of Europe and the Americas these days.aedens wrote:...
Captital will pool when liberty and reality meet RC. As we note even the liberals are taking note now.
Re: Financial topics
Yes cultural change is very difficult. The level to tolerate macro parasites noted for such a long time is the tool they utilize
as over time they just add as percentages of change. Capital has defined realities they are all aware as effective tax rates.
Once they cross the tax rubicon we do not complain, we simply fade into the mist. Do not try to understand today. I will advise
to check the USDA thursday projections. Many other realities we garner to planning. Some of these decisions we just simply see later because
pay grade matters. I do not seek to solve anything just decide on levity of the minds you are subject to. As we know here a paragraph
will be misunderstood and trend can be missed only for a duration of choise. Indeed we are to be the people of hope as others are
claimed. As we noted some pages back our optimism was warranted but naive in the scope being brought to bear in many zones
of conflict. I have been constructing some questions to some cold assets but that is just a process I am under to clarification on some
older notes on evil a scale that most people cannot fathom. It is stirring as we noted in the forums. More than myself are seeing the
fork in the road for this cycle. We are not wrong, you have not been looking.
http://www.youtube.com/watch?v=DSPFnrrh ... re=related
http://www.youtube.com/watch?v=TWU9a6LJ ... re=related
as over time they just add as percentages of change. Capital has defined realities they are all aware as effective tax rates.
Once they cross the tax rubicon we do not complain, we simply fade into the mist. Do not try to understand today. I will advise
to check the USDA thursday projections. Many other realities we garner to planning. Some of these decisions we just simply see later because
pay grade matters. I do not seek to solve anything just decide on levity of the minds you are subject to. As we know here a paragraph
will be misunderstood and trend can be missed only for a duration of choise. Indeed we are to be the people of hope as others are
claimed. As we noted some pages back our optimism was warranted but naive in the scope being brought to bear in many zones
of conflict. I have been constructing some questions to some cold assets but that is just a process I am under to clarification on some
older notes on evil a scale that most people cannot fathom. It is stirring as we noted in the forums. More than myself are seeing the
fork in the road for this cycle. We are not wrong, you have not been looking.
http://www.youtube.com/watch?v=DSPFnrrh ... re=related
http://www.youtube.com/watch?v=TWU9a6LJ ... re=related
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Last edited by aedens on Wed Oct 10, 2012 9:47 am, edited 1 time in total.
Re: Financial topics
What is the meaning of RC ?aedens wrote:
"Capital will pool when liberty and reality meet RC."
Re: Financial topics
by Reality Check -- sorry Ggerald wrote:aedens wrote:
"Capital will pool when liberty and reality meet RC."
What is the meaning of RC ?
Re: Financial topics
Thanksaedens wrote:by Reality Check -- sorry Ggerald wrote:aedens wrote:
"Capital will pool when liberty and reality meet RC."
What is the meaning of RC ?
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