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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (110773)4/19/2010 6:53:26 AM
From: Haim R. Branisteanu9 Recommendations  Read Replies (2) of 116555
 
The financial damage inflicted by WS equals to damage of war and the arrogance of the US Secretary of the Treasury and other officials not to mention the talking heads of CNBC are inflicting more damage – the US will end up hated all over the world because of the greed and enrichment of the few and the lack of social justice and plunder of people savings all over.

To be more specific from an tax point of view the US treasury syphoned income taxes revenues from the Germany treasury to the US treasury via the present GS scandal (the ABACUS CDO) A German entity lost $1 billion and needed German taxpayer money to survive and the US treasury collected the taxes on the gains of GS and Paulson & Co from the same transaction.

If anyone thinks that this game of plunder is not obvious to all around the world then they are badly mistaken. Only wonder how many US taxpayer would be willing to pay the tab in taxes to an EU country so their citizen should enjoy a life of extravagance? Shame on this administration for engaging and justifying the plunder of other nation’s tax money.

In the long run all this will end up in costing US citizen life, as the world is not kind to those that support thieves and swindler to enrich themselves.

Message 26471041
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