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Author Topic: Jim Rickards' New Book "The Death of Money", Review  (Read 13955 times)
Dr Bloggood (OP)
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June 06, 2014, 06:57:03 PM
 #81

Quote
Greece at least additionally needs/needed stricter tax enforcement and measures against corruption

Mostly it just needs lower taxes and lower spending ideally.    That largely comes from default on its debt I think.    The reason is lower taxes are more often paid then higher taxes, just because its easier to do so will actually mean more people pay the tax.

It fits into the scales of economy type model.  A 99% tax will be paid at far less then a fifth the rate at which people would pay for 20% taxes.
It is not linear more likely exponential and that is true even if you have the army patrolling the streets taking taxes, the feasibility of higher taxes is just not there no matter how much force government applies it cannot will into being what is incorrect.
     This happens way too often in peoples line of thinking, 'government can do anything'   Nope, no they can and do often fail and just muddy and mire the streets with regulational crap of no use to anyone.

  Its possible to criminalise a population and part of what does is tax, classic communism would be to suppress individual will and capitalism should free them; not for idealist reasons but just because it actually works better.
  Corruption is a mislabel, a river is not corrupt if misdirected uphill and it does not proceed as told

I believe what you wrote is true as well. Greeks seem to be taxed into oblivion right now.

But the thing is, in the Southern countries, everybody is pretty much doing what they want. People go about their lives less stressed, and that's a good thing, if they want to do it that way. Just don't let the other countries pay for it.
Dr Bloggood (OP)
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June 06, 2014, 06:58:06 PM
 #82

On the topic of Special Drawing Rights, there was an interesting article on KWN today:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/6_Former_Greek_PM_Admits_To_Talks_On_New_Reserve_Currency.html
tabnloz
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June 19, 2014, 08:20:43 AM
 #83

Latest from Rickards is this;

http://www.darientimes.com/32801/rickards-connecting-dots-in-the-global-mosaic/


tldr:

- US turning to Shi'ite supporting Iran to repel Saudi backed Sunni ISIS = Saudi notices less need for petrodollar, direct trade with China.

- Russia sits back in Ukraine, doing shit when attention shifts.

- Turkey may be drawn in to regional conflict due to Kurdish Nth Iraq, Jordan shelters ISIS and has US bases.

- Gold up, oil up.

I would add Bitcoin up.
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June 20, 2014, 01:39:33 AM
 #84

But the thing is, in the Southern countries, everybody is pretty much doing what they want. People go about their lives less stressed, and that's a good thing, if they want to do it that way. Just don't let the other countries pay for it.
Private companies invested in Greek debt.  It should have ended there but it became something political and bailouts make countries liable and so populations of one country are now being taxed to pay for the debt of other countries.  I dont think thats what european union was supposed to be about, they exceeded their remit and without democratic involvement.

It really isnt about failure of capitalism because its normal for bad debts to occur, you lend money and you lose it and thats why anyone deserves profits as its never for sure.  The negative comes from trying to deny the failure and use force to move markets, it causes the reinforcement of the mistake and probable repetition.  
 You are right, freedom is not the negative because people always act free so only the stupid or evil try to stop it for some gain.  I dont think anyone gains from this except face of politics

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Dr Bloggood (OP)
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June 27, 2014, 11:50:54 AM
 #85

But the thing is, in the Southern countries, everybody is pretty much doing what they want. People go about their lives less stressed, and that's a good thing, if they want to do it that way. Just don't let the other countries pay for it.
Private companies invested in Greek debt.  It should have ended there but it became something political and bailouts make countries liable and so populations of one country are now being taxed to pay for the debt of other countries.  I dont think thats what european union was supposed to be about, they exceeded their remit and without democratic involvement.

It really isnt about failure of capitalism because its normal for bad debts to occur, you lend money and you lose it and thats why anyone deserves profits as its never for sure.  The negative comes from trying to deny the failure and use force to move markets, it causes the reinforcement of the mistake and probable repetition.  
 You are right, freedom is not the negative because people always act free so only the stupid or evil try to stop it for some gain.  I dont think anyone gains from this except face of politics

Absolutely.
boraf
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June 28, 2014, 06:26:45 AM
 #86

But the thing is, in the Southern countries, everybody is pretty much doing what they want. People go about their lives less stressed, and that's a good thing, if they want to do it that way. Just don't let the other countries pay for it.
Private companies invested in Greek debt.  It should have ended there but it became something political and bailouts make countries liable and so populations of one country are now being taxed to pay for the debt of other countries.  I dont think thats what european union was supposed to be about, they exceeded their remit and without democratic involvement.

It really isnt about failure of capitalism because its normal for bad debts to occur, you lend money and you lose it and thats why anyone deserves profits as its never for sure.  The negative comes from trying to deny the failure and use force to move markets, it causes the reinforcement of the mistake and probable repetition.  
 You are right, freedom is not the negative because people always act free so only the stupid or evil try to stop it for some gain.  I dont think anyone gains from this except face of politics

Creditors gain from the bailout.
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July 05, 2014, 07:40:51 AM
 #87

Latest from Rickards:

@JamesGRickards: EU tells banks to ban #Bitcoin on "manipulation" fears http://t.co/ec9Kd5G0XK. Like there's no manipulation in FX, Libor, gold, silver......

The narrative on bitcoin is definitely changing. Slowly but surely. The gold bugs will always love their Au but now accept that btc is a step forward and credible.
SunBin
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July 05, 2014, 08:52:42 AM
 #88

Anyone have a pdf link where I can download Jim Rickards' book?
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