“What a difference a few weeks makes. On June 24, just after Britain’s “Brexit” shock, the United Kingdom was apparently facing political chaos, financial crisis, and economic disaster. The prime minister was standing down, the stock market and currency were in freefall, and all the wise men and women of the international financial system were predicting doom and recession.
Here we are today, and the country has already picked its new leader — two months ahead of schedule — and British stocks and government bonds are both stronger.”
So much for “expert opinion”, eh?
If all the economists on earth were to be laid end-to-end, they wouldn’t reach a consensus.
They tend to make predictions based on precedent data,but the people tend to go their own way.
There are a few rock solid economists out there,Friedman was one,Art Laffer is another that have rock solid economic principles in their quivers and have done a great deal in explaining to the people and the politicians alike just how the economy really works.
http://www.newsmax.com/Finance/EdwardYardeni/art-laffer-donald-trump-president-taxes/2016/07/05/id/737084/
I’m against direct taxation because it gives government the right to know everything about me. Form 1040 tells you you are a slave and not a free man.
Indirect taxes like VAT are the way to go. If government has not enough income with only indirect taxes government is TO BIG and therefore TO POWERFUL. BIG government and freedom don’t go together.
https://youtu.be/yQKAKxdoL2g
Hearing: Is Our Complex Code Too Taxing on the Economy? 04/20/16
Direct taxes will always be Complex.
I’m personally in favor of a two tier sales tax.One rate for new,mass produced consumer goods and another at 1/2 the rate for custom made,used or re-manufactured goods.
That system would increase consumer choice and drive small business growth across the board.
Of course no matter what the tax system the size of government must be reduced and brought under control.
EU politicians are demanding former European Commission President Jose Manuel Barroso is sanctioned for taking a job with Goldman Sachs. They say he has failed to “behave with integrity and discretion.”
He is criticized for joining the Wall Street bank that helped set off the 2008 financial crisis. Goldman has also been blamed for assisting Athens in hiding its financial situation in order to enter the eurozone in 2000.
Barroso has been appointed as a chairman and senior adviser to the international arm of Goldman Sachs, and will move to London and instruct the bank on UK negotiations to leave the European Union.
https://www.rt.com/business/350782-barroso-new-job-goldman/
See,this is why the big banks should not have been bailed out.They should have been forced to fund their own liabilities or go on the auction block and be sold off in pieces.
The pain would have been more,but the duration would have been shorter.Thanks to the various governments around the world leeching money of their respective taxpayers,the debt bubble is still in place,still growing and we are still in a global recession.
As for Brexit,now the heads are saying it may take more than 6 years to extract themselves from the EU.
I think this is the plan,stall it off as long as possible so that in the end the separation is mostly a figment of imagination.
I hope you are wrong, but fear that you are right. The complexities involved in extricating ourselves are there by design. We could “Brexit” tomorrow and still spend the next decade deciding which Laws or Directives we discard or retain. It’s probably for the best that we do just that, get out fast and chew the fat at leisure. While that is happening the hand grenade we’ve bunged in their spaghetti bowl will go off. We really do need a new breed of Civil Servant, one which does will get the job done, regardless of their Common Purpose/Fabian tendencies. That could happen, but probably won’t. I’m only disappointed that we set a long fuse on the grenade.
I reckon it will be quietly derailed, in perfect “Yes Minister” style.
Hmmm…. Minister of State for Brexit. Chilcott 2?
OK so Matt Damon wants to ban guns or some such. Does that mean I should not watch all his gun violence movies? hmmm
No,Matt Damon can have guns,you can’t according to him.
Contempt you are “little people” who suffer under the iron yoke of the Law – Matt Damon – a Harvard Ruling Class guy – is “big people” and has the right to do anything he wants.
I’m considering redecorating my living room. Magnolia is pretty neutral, but should I be bold and go for Matt Damon? Or is that just too garish? Please help.
In London, today, exchanges are selling Euros at parity with the Pound.
So the Brexit fuckers just joined the Euro — something even Gordon Brown didn’t do!
No, just the “big” people trying to stick it to the “small” people because they’ve had their gravy train derailed.
Yes,the important thing to remember here is that Soros and Co. are positioned to make a killing either way.
It seems that James Delingpole agrees with me.
“Right now, there is an entire industry willing Britain’s exit from the EU to prove a spectacular disaster. That industry includes: President Obama; Christine Lagarde; the European Commission; Goldman Sachs and all the other big banks; George Soros; most of the leaders in the EU member states, though probably not Angela Merkel oddly enough for she’s an arch-pragmatist; the BBC; the Guardian; the New York Times; the Washington Post; all the US TV channels except Fox; the vast majority of the British, European, and US commentariat.”
On Breitbart London today. (Sorry no link as I struggle on the iPhone)
Britain abolishes the Department of Energy and Climate Change
http://www.edie.net/news/11/DECC-axed-and-merged-into-Department-of-Business–Energy-and-Industrial-Strategy-/
Could it be there are still honest people at the top ?
“Could it be there are still honest people at the top ?”
Pass me that lantern, Diogenes.