Tag Archives: Billionaires

A waste of space

Yes, some people are that, I believe that the tool ICIJ director Gerard Ryle is such a person (he will clim it is me). Yet how did I get there? That is important too. Those who read the previous articles will remember that I stated that a top-line display would give us the parts we initially needed. But no, after all this time, with 600 journalists at his back, Ryle never walked the walk. However I see ABC, the Guardian, BBC and others all do the motion of jabs, to create flames, to create click bitches. In a dying light they want to grab any digital dollar they can. Even the useless leader of the Democratic Party (President Joe Biden) via his administration gives us today “The Biden administration said it would “crack down on the unfair schemes that give big corporations a leg up” in the wake of the Pandora disclosures.” It is a pointless exercise in a waste of time, it is merely the prequel to something much worse.

You see the top-line would give us a better look at the “130 billionaires from 45 countries, including 46 Russian oligarchs. Bollywood actors, soccer stars, corrupt sports officials, a king’s lover, feuding princesses, movie directors and stars, supermodels, acclaimed designers and world-famous singers, 330 politicians and high-level public officials in more than 90 countries and territories, including 35 current and former country leaders” and this is linked to the even less useful quote “By some estimates 10 per cent of the world’s total economic output is parked in offshore financial centres, costing governments billions of dollars in lost revenue” 

Why is this?
The top-line would give us where the impact is. The 130 billionaires? You see there are 165 in Dubai and they are in the 0% bracket. I stated the dangers two days ago. Then from all these numbers, how many are in which nation, ho many are governmental versus non-governmental. When we see those numbers, we will likely see a created a storm in a teacup. 

And this is linked to the first setting proving that Gerard Ryle is a useless and optionally corrupt tool. “The source of the documents hasn’t been revealed to media partners but made it clear to the ICIJ he wanted the public to see where dirty money is really flowing. Ryle says the source had two conditions for leaking the documents. “First of all the source wanted anonymity. I presume for safety reasons,” he says.” Presume my ass! When we investigate the sources we see that some have well above decent protection, in my view there are only two players involved here, the CIA and the NSA. Both Russian and Chinese investigations would stopping their local laundry, as such there would be nothing on oligarchs outside of Russia. 

I believe this all to be a well managed (speculative) ruse. When it all comes out, we will get a flame of ‘tax the rich’ and that is what that useless democratic leader needs, his land is BANKRUPT and when the default hits grabbing (not taxing) whatever the American billionaires have is on the short list, reparations come later and if it all goes to shit the politicians will run for cover in any nation that will put up with them (Australia and UK). 

And when you truly read the articles you will see statements like “the documents reportedly tied prime minister Andrej Babis to a $22 million estate near Cannes, France. Speaking in a television debate, Babis, who was a billionaire before he entered politics, denied any wrongdoing.” 600 journalists and not one has added evidence of wrongdoing, merely a billionaire doing what he is allowed to do, buy a house in the south of France and France is not even a 0% tax land, so where are the incriminating papers? 

All the flames I see are about people no one cares about (the King of Jordan), yes Jordanians care about him and that is OK, people in the UK less so. And the truckloads of articles are just that small jabs to keep the readers angry, but no one is taking too much notice of “ICIJ director Gerard Ryle says the Pandora Papers reveal that some international leaders who could tackle offshore tax avoidance have themselves secretly moved money and assets beyond the reach of tax and law enforcement authorities as their citizens struggle” as such I reply “Gerard you fuck, why did the press not do enough over 30 years to make politicians tackle tax laws?” And in HIS statement we see ‘could’ and ‘secret’, but if a person buys a house in Monaco or Dubai they can have money there, it would be legal and it would be tax exempt. You (as I personally see it intentionally) overlooked that part, there is also the Caymans and a few other places, but it does not match the need of the governmental hacker who got into 14 systems, 5 of them had good security, and you could have seen that from day one, but you need click bitches, you need digital revenue and you need to make sure you are not obsolete. So where is that part of the equation?

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the upcoming currency

We have seen many events this last year. For the most, in many nations it had all been about hardship, bills, Economic downfall and more hardship. Even though the UK said the hard times are over, it is clear that many see and feel that the hard times are far from over and even though the economy is slowly returning, that moment of less personal pressure is nowhere near at the moment. The same could be said for the US. They are worse off (source at http://money.cnn.com/2013/09/17/news/economy/poverty-income/ ). This means that in the US, one in 7 is now in poverty. I thought that this was a unique number, but it seems that 1983 and 1993 had similar numbers; I actually had not known that. What makes this worse is that in 1993 the US debt was just over 4 trillion and in 1983 it was a third of that ($1.3T). So when someone tells you that it was like this in the past and it will all be better, then he/she will be lying to you.

Why does it matter?

The issue I have is that the LA Times reported this (at http://www.latimes.com/business/money/#axzz2p7uudgwk) ‘Dow finishes year up 26.5% in record year for stocks

Now, many of you (me included) have made the same mistake, a good Dow does not make for a good economy. If so, then one in seven would not be in poverty and the US would not be down well over 17 trillion dollars. This statement is one that I cannot stand behind, because the evidence is strongly overwhelming. Consider what many might have seen on the news (Sky News, Fox News, CNN, BBC World). It seems that staff at Wal-Mart is not doing too good. (at http://articles.latimes.com/2013/nov/20/news/la-ol-walmart-thanksgiving-living-wage-poverty-20131120). So we read that “its Canton, Ohio, store decided to organize a Thanksgiving food drive for fellow workers.” It was also nice that a celebrity like Ashton Kutcher is outraged over this. So, we see that Dow is up, because Wal-Mart is paying below the poverty line. How is this any representation of a fair America?

Under these conditions, the only fair thing Americans can do is to avoid Wal-Mart and shop at their local shops. It is quite simple, when Wal-Mart loses a massive size of their $17 billion revenue, when this money goes to local shops, they will be hiring staff. It might be a win/win situation for those currently on poverty. The MSNBC article (at http://www.msnbc.com/the-ed-show/leaked-document-shows-what-walmart-really-pay) shows a grim situation. Is it enough to see it as exploitation at best or slave labour in a slightly more realistic setting?

There is however more. It seems that McDonald’s is on that same horse. (at http://www.theguardian.com/world/2013/aug/10/us-fast-food-protests-wages). Whether this is just a US problem remains to be seen. There are all kinds of jokes one could make on slave labor and an African American president, but you get the idea. There is no way that this does not hit him in any way as this happened on his watch! The question becomes how awake has he been whilst this was happening? When at least 6% of the Dow is created due to slave labour, it seems to me that questions should be asked on all matter of levels (which they are not). It is in that light that I find the Dow results very distasteful and wholly unacceptable.

When places like Coca-Cola pay 9% above the market rate and they are doing fine, why can’t others follow that same example? I must admit that 9% is indeed really good, but it is possible that Coca-Cola has evidence that this yields better and more loyal results. ‘Good for Coke!‘ I say (that slogan is likely to do very well in New York, L.A. and Amsterdam).

So, how is it all related to an upcoming currency? Well, is it that hard to believe that Wall Street will soon introduce the Dow Dollar? I am not talking about the Dow Jones FXCM Dollar Index, no I am talking about an actual physical currency. When (not if) America faces a total collapse, as any bankrupt nation is likely to face, then what will happen to the coinage on a global scale? Do not for one second think that Wall Street is waiting for that to happen, it might be that they have backup plans in place at this very moment. There will be a debate whether that coinage currently has an actual name. If you think that this is not happening, then think again. Do you think that a group of power players controlling Wall Street, who decide the fate of Trillions (of which hundreds of millions are theirs) do not have an alternative in place?

The sad part is that these Trillions are likely gained through tax shelters and tax havens. This is for now all perfectly legal, but when one in seven is in poverty, it shows a massive imbalance between the have’s and the have not’s. In addition, consider that the 442 billionaires the US have, several members are there because of their share of Wal-Mart. In opposition we see the owners of Coca Cola and Mars (the candy) and they made the list whilst paying their staff really well, so apparently slave labour versus a good product shows that a good product gets you there too!

Back to the coinage!

So this new dollar, which by the way is unlikely to be some ‘Bit-coin’!

I have had my issues with this on several levels as I wrote in the Wall Street Journal last July, where I wrote “until we can see some level of genuine foundation the fear remains that bitcoin has a danger to become the new detergent to launder all kinds of currencies. If that does happen, when the bitcoin is regarded by governments as devalued at 94%, what would be left?

That part is supported by an article last month (at http://www.theguardian.com/commentisfree/2013/nov/18/bitcoin-senate-hearings-regulation), the Guardian also published this in addition at http://www.theguardian.com/technology/2013/dec/10/apple-blocks-bitcoin-payments-on-secure-messaging-app-gliph. So, there is an issue with a virtual currency! In all fairness, when a ‘bank’ changes value of a coin, where $400 in Bit-coin rises to $250,000 to those same coins within a few years, something is definitely wrong. Money doesn’t grow and yes we need money to make money, but it will never grow to this extent. This looks like all the makings of a new marketed pyramid scheme and after these fortunate ones are done, we will see a massive collapse, because it is all virtual currency. Then what? Who will then be held accountable? Currency not supported by any valued mint (like Gold as currency used to be set against) is likely to yield a catastrophic result to the owners.

This brings us back to that Dow Dollar. At present, the US bankruptcy remains a reality and when that happens, where will currency go? Let us not forget that the US debt ceiling becomes a reality again in February 2014. Nothing was ever resolved and the US is still no closer to getting its own house in order. The moment this escalates and fear of the future becomes a reality, stocks will go down quicker than the German Deutschmark in 1923. Can it all be prevented?

First of all, when an economy is getting better, being tax accountable is a first, the fact that through economic and international lawyering this is no longer a case remains to be fixed. There have been too many delays on that path. In my (debatable) solution all members of the Dow 30 will make an annual 1% contribution to the US treasury. If you as a member get this prestige, you get to pay for it! It is a founding principle that actually came from the United States. On the other side, the government with that accepts responsibility to become more than just budget neutral. Overspending should end and the US must not be allowed to spend above the amount of taxation collected. So no 100.01%, when this budget is reached, IT SHUTS DOWN COMPLETELY!

This means also means that politicians would officially be held accountable for their budgets and will serve time in prison when they fail (that should make an immediate rise to able personnel instead of these ‘friend of the senator’ positions). Lastly, that 1% contribution goes towards paying off the deficit. These funds are not allowed in any way to be used towards some payment or budgeting scheme.

You see, when people behind Wal-Mart and McDonalds make so much money that they get to be on the billionaires list, whilst their staff members are in poverty; we need to shake their houses in order. Sending invoices are a first step on that path. If they do not comply, they go to jail and their companies become nationalised. I know, it is extreme, but consider the validity of justice when a billionaire actually goes to jail (something that seems to only happen in Russia), it might make them clean up their act and it also gives rise a first anti-greed wave. This is something that had been long overdue.

So will this so called ‘Dow Dollar’ become reality? Yes! It will happen 0.021 seconds (roughly) after imminent bankruptcy is declared by the US treasurer (which is likely to be done from a plane or an airport location).

Have a nice 2014 and keep an eye on your savings!

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