Debt Rattle September 26 2017
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Paul Cézanne Curtains 1885 • Lenders Loosen Mortgage Standards as Demand Falls (WS) • Levered Loan Volumes Soar Past 2007 Levels As “Cov-Lite”
[See the full post at: Debt Rattle September 26 2017]“..Companies have little incentive to cooperate for the greater good. Instead, they prioritize aggressive growth and reckless behavior.”
He meant the Wall St. Banks, right? You know, the ones who met in an Italian restaurant to collude to chop up Lehman? (True story. One that didn’t turn out so well for us. But mega bonus profits and open-ended protection for them!) Sorry, I find it hard to tell them apart from other “uncooperative aggressive” criminals.
Loss of power for 6-12 months “means it could be impossible to trace revenue and enforce tax rules.”
Really? That’s the priority now? Sounds like they should do what Florida did: hand out code violations 12 hours after Irma.
“boosting revenue by collecting money that slips through the cracks.”
And now we know their real priority: as in Greece, the citizens of P.R. can die in huts and tarp shacks, while we collect the remaining money for billionaire bondholders in Monaco. Also ban cash? Worldwide Digital currency? What’s your backup plan? Oh right, death and destruction: they have none.
“[Trump] ran many of [his companies] using excess debt, deception, and distraction,” Sounds like the U.S. exactly: unproductive gambling, debt-levered Real Estate bubbles, fake PR, multiple bankruptcies, great choice!
“It’s focused on lowering the tax rate for multinational corporations from 35% to 15%, further aiding the profitability of companies that already routinely squirrel away profits and hide losses in the crevices of tax havens” Um, Prins, you should know the tax rate is exactly the reason for their failure to return profits, and therefore pay ANY taxes. I’m not thrilled with it, but you can’t be mad at 15% of something instead of 35% of nothing, which will also draw back world investment and industry that the U.S. desperately needs. And P.S., if TrumpCo was ever in violation of taxes, by golly you think that might have made the election news? Pretty sure! I mean, the IRS is leaking and auditing and dumping all their other opponents for decades, every other department leaked, even if it was false! That means his tax behavior was entirely legal…under the leviathan, byzantine tax code that was written that way precisely to make sure billionaires pay no taxes. It’s no use arguing this when no one, from GE to PepCo to Apple to Buffett pays real taxes. Prins, are you really such a babe in the woods? Getting Billionaires off while saddling the middle class is why the income tax code exists, and has for 100 years. Really?
Why Far Right Won In Germany (G.) “A Nazi party being the third biggest party in Germany! I am still devastated.”
Guardian, you’re fired. The AfD is “Nazi” in what way? AfD wants stronger government, German control of Europe/EU, social engineering, fascist corporate mergers, or promotion of the occult? No? AfD was founded AGAINST the German-run EU, and FOR national borders, direct Swiss-style democracy, sovereignty, opposing bailouts, ie corporate fascism? Then how are they similar? Did any pass history and notice that the National Socialist German Workers’ Party is… I don’t know…Socialist? i.e. Left? The Nazis believed in a total state and corporate power merger, subverting Parliament, and social engineering, which is not…you know…a Conservative value, i.e. “Right”? Nevermind. Winston’s been busy at Minitrue: nobody else notices either. In the modern parlance “Left” and “Right”, and “Center”, all want increasing state power, concentration, state-protected economic monopoly, war, and intervention. And there is NO party, direction, wing, or representative of smaller governments, national sovereignty, actual markets, greater liberty, and personal responsibility, because considering how well larger, more monopolized governments have been working at stopping war and helping the people, that would just be crazy. Nazi, in fact. As reported above by a major international newspaper. …You can’t make this up, but the Guardian can. You’re fired. Fired. Fired. Fired. No wonder they have no power, influence, or credibility anymore.
“EU Presidency Calls For Massive Internet Filtering (EDRi) “ They’re rising up to EU Minitrue standards, and the UK Guardian is ahead of the curve.
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