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The reason that derivatives are dangerous for the financial system, especially banks, is that it is fundamentally speculation with the use of borrowed money. During a financial crash a derivative may also crash demanding the banks pay out money which they don’t have on hand as an emergency fund. A chain reaction of bankruptcies can exist with many banks going under and if they are too big to fail then the taxpayer foots the bill and a depression is a realistic possibility.
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If you liked this evergreen truth blog then read more of them, about 5000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.
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If you liked this evergreen truth blog then read more of them, about 5000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.
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If you liked this evergreen truth blog then read more of them, about 5000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.
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If you liked this evergreen truth blog then read more of them, about 5000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.
For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.
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If you liked this evergreen truth blog then read more of them, about 5000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.
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Check out this link if you are taking one or more of the medications mentioned in this article and suspect recent changes in your behavior.
https://www.bbc.com/future/article/20200108-the-medications-that-change-who-we-are
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It is an accepted truism that the most efficient way to weed out corruption is to follow the money with financial transparency. It is hard enough trying to follow the money in national corporate and individual transactions but how in the world do you follow the money internationally and weed out international corruption?
Unethical sweet heart deals for family members and friends of prominent politicians are hard enough to trace nationally but international sweet heart deals are extremely hard to trace without the cooperation of foreign nations. The constitution and national laws are hard enough to enforce but how do you prosecute international corruption without the cooperation of corrupt or adversary foreign governments?
Yes, financial transparency is vital in weeding out national corruption but how do you get international financial transparency? The international court of law is a joke and seldom if ever gets involved in international corporate bribery scandals. Investigative reporting is also dying with the corporate domination of the establishment media which is not very eager to investigate powerful national and international corporations. You can seriously ask this important question with no present answer: How is future international corruption of politicians and corporate leaders going to be investigated and ultimately prosecuted?
The most recent example of international nepotism corruption is the Hunter Biden ethical corruption scandal. Thanks mostly to the political influence of Joe Biden who was vice president in the White House, Hunter Biden, his son with dubious credentials, was able to get nicely paid by the corrupt Ukrainian natural gas firm Burisma. A Chinese company with Hunter Biden on the board of directors moved more than 2.5 billion dollars into various automotive, technology, energy, and mining endeavors in the United States.
According to the Wall Street Journal Hunter Biden served as one of the nine directors of BHR Partners which is a private equity firm 80% mandated by shareholders in the Chinese communist government.
Corruption thrives in a veil of secrecy and without an international FBI and international investigative journalism the corrupt veil of international secrecy is here to stay on into the foreseeable future. In an age of global economics, the world desperately needs international financial transparency but the ethical dilemma is-how do you get it?
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Competing with international corporations is almost impossible today since there are no international taxation rules and national corporations have too much clout with politicians and the government. The only realistic way to compete with monopolies and big corporations is to make small businesses as profitable or more profitable than big business. This still means passing government laws which will stimulate small business growth which may be almost impossible to do since big money runs the government. Even very low taxes for small business may not be that competitive because some of the largest corporations pay no tax at all due to loopholes in the law.
Amazon is decimating traditional retail businesses and Uber and Lyft are decimating private taxi ownership. Big tech is so big that it squeezes out the small competitors and even seems to be putting a globalist media ideology in control much to the dismay of small media groups. Big corporate monopolies are taking over the country and world and soon they will be able to ask whatever they want money wise for their services. It is a scary thought that many small businesses may disappear from the economic scene in the not too distant future.
Ideally it would be nice if small businesses with approximately 100 million in revenue would be taxed only 1% on their gross income assuming that they do not produce any toxic materials which are released into the environment. Organic food businesses should not be taxed at all to stimulate a healthy food supply for the masses.
Ultimately taxation can be used to promote things or to destroy them so it is up to the smart politicians to stimulate lower taxation where it counts the most, or in small businesses which employ most of the labor force. Yes, revenue from businesses will be minimal and most taxes will come from taxing the salaries of workers which is as it should be given the fact that the biggest corporations pay no tax at all and it is highly unlikely that they will pay significant taxes in the foreseeable future.
Frankly big business is in the driver’s seat and little if anything can be done to change this monopoly situation in the distant future. Even when small businesses start to become competitive big money buys them out and it is big business as usual after the consolidation.
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If you liked this evergreen truth blog then read more of them, about 5000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.
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If you liked this evergreen truth blog then read more of them, about 5000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.
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If you liked this evergreen truth blog then read more of them, about 5000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.
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