Posted on 02/14/2010 4:07:25 AM PST by TigerLikesRooster
P!
What do you mean, implicated? They’re just providing the services that the customers are looking to buy.
Same thing can be said about subprimes, and AIG's CDS. It is the nature of transaction which matters. Complicit in the arrangement of hiding debts and overleveraging.
enabling European governments to hide their mounting debts.We need rules I tell ya gotta have rules./s
and we should believe the New York Times because.... ???
Der Spiegel: How Goldman Sachs Helped Greece to Mask its True Debt
It has become fashionable to use free economy and anti-liberal sentiment as a cover for (usually pro-liberal) financial oligarchy's misdeed.
Greece Outlaws Cash Transactions Above 1500 Euros, Unveils New Taxes
Oh, boy...
...because in this case it is correct.
Honestly, they have a HUGE tax evasion problem out there. The whole southern europe is culturally predisposed against paying any kind of taxes at all, and noone has any qualms commiting blatant tax evasion crimes that people go to prison over here. The inept governments have had very little success clamping down on it. Heck in some places they advertise on billboards “please pay your taxes, it pays for the schools and hospitals”.
Has a democratic country done this before, made transactions above a certain amount illegal, anyone recall?
....cash transactions....
What do you mean, implicated? Theyre just providing the services that the customers are looking to buy.........
Same as meth and crack dealers
Maybe it’s just me, but I find what Greece has just done frickin’ scary....
You have been asleep
The Goldman Sachs/Greece connection is all over the news. Not just the NY Times.
I’m not up to speed I guess, I don’t trust the
New York Times to tell me what time it is much
less news and events of the world... sorry
Pinch should just go eat a cr_p sandwich.. there I said it.
Maybe southern Europe needs to switch over to a vastly superior and cheap to implement taxation system like this:
I'm surprised somebody in Europe hasn't read this book and figured out that by no longer taxing the process of earning money, the local economy would literally rocket upward because you attract foreign companies to set up operations in your country. Mind you, Switzerland won't like this because it would kill much of their offshore financial center banking business, though.
According to recent Chicago Trib article the following debt exists as a percent of GDP:
Japan Iceland Italy Greece Belgium
197% 145% 127% 123% 105%
France US Canada Germany
92% 86% 82% 92%
How bad off are we? I duno. How bad off is everyone else? The same or worse. Possible solutions? World war?
How do you get a planet full of people to pull their head out of their ass?
Do you know where I can get a fiddle for the impending fire?
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