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Financial Elites Controlling $46 Trillion In Wealth

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If you think people in this income level don’t control the US political process, you are not paying attention. After they caused this economic crisis, they got the government to give them trillions of dollars in taxpayer support, and then, after taking our tax dollars, they gave themselves all-time record-breaking bonuses. 2009 was an all-time record-breaking year for Wall Street executives bringing in a total of $145 billion. And then, in 2010, they raised the bar even higher, breaking the all-time record set the year before by pulling in another $149 billion. The audacity of it all is stunning.
Former Goldman Sachs CEO and Bush Treasury Secretary Hank Paulson had already amassed at least $700 million prior to moving to the US Treasury in 2006.

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How to go about it?

Refusing to recognise off-shore companies as valid owners of assets within the EU would be a good start. Eg. pass a short sweet Act stating that in 6 months time any assets owned by a Jersey, Bermuda, Cayman Island, etc registered company would be deemed to be ownerless (bona vacantia) and pass to the state.

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Refusing to recognise off-shore companies as valid owners of assets within the EU would be a good start. Eg. pass a short sweet Act stating that in 6 months time any assets owned by a Jersey, Bermuda, Cayman Island, etc registered company would be deemed to be ownerless (bona vacantia) and pass to the state.

These guys are the state.

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These guys are the state.

Does anyone think that Sarkozy and Merkel will actually go for the Tobin tax, as is being mooted as the possible solution to repaying debt?

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Ah - stop the press :)

I was going to go on to say that they'd advocate the idea, then the UK would jump up and tell them it isn't something we're going to do and to mind their own business, eyeing the possibility of banking/cash flowing into the UK to "solve" our own issues.

And so:

http://www.telegraph...risis-live.html

14.45 Britain has come out in opposition to France and Germany's plans to bring a financial transaction tax to Europe, saying it will the push financial services indust out of the region. The Treasury said: quotes_1817837a.gifAny financial transaction tax would have to apply globally - otherwise the transactions covered would simply relocate to countries not applying the tax

QED again. Race to the bottom and all that. Nothing to see here...

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Ah - stop the press :)

I was going to go on to say that they'd advocate the idea, then the UK would jump up and tell them it isn't something we're going to do and to mind their own business, eyeing the possibility of banking/cash flowing into the UK to "solve" our own issues.

And so:

http://www.telegraph...risis-live.html

QED again. Race to the bottom and all that. Nothing to see here...

That would be a good thing, as taxpayers would not be on the hook for it.

However what the City wants, the City gets, so beyond discussion. Heaven forbid anyone else has a say.

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How much of this 'wealth' consists of IOU's written on the economic health of the nation states they are bleeding to death? Shares and bonds ect are only as valuable as the ability of the counterparty to deliver on the promise.

In the end this wealth grab is self imploding since the more you succeed the more you hasten the day when your 'wealth' evaporates in an orgy of defaults.

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  • 335 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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