the markets will be ugly monday

Discussion in 'Politics' started by blu, May 6, 2012.

  1. blu
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    blu Senior Member

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    france just elected a so-called 'socialist', even though he has a number of capitalistic tendencies and leanings, but he is definitely way to the left of sarkozy

    greece is in the process of ousting the majority of the parties that supported the IMF/EU bailouts/austerity plans

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    france WAS germany's biggest ally in pushing austerity/IMF plans

    the new france leader is planning on stopping austerity by raising tax rates on the "rich"

    greece could easily be kicked out of the EU if the new leaders tell the IMF they won't cooperate anymore

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    fun times ahead... lets hope JPM has got enough insurance on their billions in FX holdings
     
  2. Douger
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    Douger BANNED

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    Where ? I expect a surge. Copper is in high demand right now, as is nickel,
     
  3. occupied
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    occupied Gold Member

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    The markets are ugly everyday.
     
  4. Clementine
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    Clementine Platinum Member Supporting Member

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    Just going to add a few interesting facts, though don't know how they fit in with the scheme of things.

    Obama helped install the new IMF president after the previous one resigned amid false claims of sexual assault on that hotel maid. After the new IMF chief was installed, it came out that the guy was innocent and the maid lied.

    SCYTL is helping count votes in many countries,including France. Coincidence that more socialists are being voted into office?
     
  5. California Girl
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    California Girl BANNED

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    Britain's economy will grow though... the wealthy French are already looking at England as their new 'home'. Thanks France!
     
  6. Douger
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    Douger BANNED

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    HOT tip CG !. Invest in a deodorant distributor !
     
  7. blu
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    blu Senior Member

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    I hear this alot and it makes sense, but I was wondering if there are any stats on it from the past?

    Meaning, are there stats, say in the last 50 years, from wealthy individuals/businesses that left a country in order to avoid hikes in taxes? America has some of the highest buisness taxes in the world, but the companies here did not leave, they just used loopholes to their advantages to get out of taxes. I imainge other countries have similar loopholes and methods for business to avoid taxes.
     
  8. California Girl
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    It's been on the news in the UK.... over the past few weeks, there has been an enormous increase in inquiries from French people who will be affected by the 75% rate looking to leave.

    They will bail on France, England will benefit. We are not talking about business, we are talking about wealthy individuals. This 75% tax rate is laughable.... when Britain increased it's rate from 45% to 50%, tax revenues actually fell significantly. Higher tax rates just drive people to move their money, and often themselves, out of the country.
     
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  9. yidnar
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    yidnar Gold Member

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    imagine what the market will look like if O bama is re elected !!! 4 yrs of nobady to answer to will give him free rane to cripple our economy with entitlement spending !!
     
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  10. blu
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    blu Senior Member

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    thank you, stories seem to be showing up more on google now that the socialist guy won
     

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