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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (53463)	8/11/2009 10:38:05 PM
From: Taikun	3 Recommendations Read Replies (2) \| Respond to of 218008

You could replace 'finance' with 'government' for almost all of that article Here in Canada several years back we were entertained by an insight into the secret lives of swivel servants, those people who run government and see elections and the newly appointed Minsters as minor distractions-at the very most. The newspaper had the sheeple of Canada riveted to the story, I remember it pretty well I think The swivels at Ministry of Finance here in Canada had set up a special tax efficient retirement account strategy only for the swivels, and Canada's Federal tax agency, CRA, hadn't yet approved it. CRA exhibited their displeasure, challenged the tax efficient structure, and the swivels who had already availed themselves of the services of the strategy actually had to appear in court to defend their ignorance. So the press reported on mid six figure earning swivels, working 4 days a week, tons of sick days, and then we got the icing on the cake (for the swivels, not the taxpayers). A swivel couple, working 4 days a week for 8 months a year was hauling in big dollars (over half a mill for the two swivels a lot 10 yrs back) "Each summer, for four months, they are in the Mediterranean aboard the couple's yacht, with full salary".

To: TobagoJack who wrote (53463)	8/12/2009 12:55:10 AM
From: Amark$p	2 Recommendations Read Replies (2) \| Respond to of 218008

Here is a well reasoned, thoughtful article/e-book. You can skim the first 50 pages or so containing philosophy and definitions. But the second half is well worth reading in detail... oftwominds.com Here is a link to his blogs: oftwominds.com This blog is of interest, written by a guest author but of interest on the endgame: oftwominds.com Would appreciate your thoughts...

To: TobagoJack who wrote (53463)	8/12/2009 1:38:50 AM
From: elmatador	Read Replies (2) \| Respond to of 218008

"finance as a share of our activities (i.e., percent of GDP) has roughly doubled in the past 40 years. What has this really added in terms of productivity? The ATM and the credit card were great breakthroughs, but they are old." That't the root cause and I have written here about that for a long time. Finace must account perhaps to 5% of the GDP. But look closely and it was extractign 30% of all corporate profits in the US and Iceland and Ireland were close behind inside bandwagon. "Fincance is rent seeking"? Again this is what I have bee talking here too: Ficance is fleece-seeking. They seek to fleece every cent out of you using odious means. "Rent-seeking means effectively a tax extracted by one sector from the rest of the economy." That is why we had capital hogging:to use the wepaons to seek the rent of produing countries to import their money into the OECD. Why do you think I was calling "Bring it on"? Because the Great Unwinfing is welcome. and over due. Long overdue. Now that is Unwinding com gusto (and there is no coming baclk or altenrtaive) we will see progress overall in the world economy. Because capital is going to where people are producing goods and sevrices and invetsment in the imporvement of the people there. I am not saying those donkeys here and elsewhere would not spend unwise their money (because thye never had it to learn how to) but it must start now how to use money and engage in the world economy.