Wednesday, October 16, 2013

De-Americanized (2015 - 2017) IMF 10% EUROPE

International settlements and the disagreeable future of America has it's draw backs as the Chinese imply more they want a new world reserve currency can you really blame them as the US Gov. acts like a bully in the school yard more world powers resist the immaturity and lack of responsibility to resolve issues at the same time the east is rising up the transition from the heavens the earth is happening now as the power has been transferred in the spiritual realm we are witnessing the confirmation here in the physical realm I expect volatility in the market during 2014 as people make up their minds to leave the us economy not killing it yet disabling its strength as the U.S. dollar is witnessed to be dethroned in the coming few years ahead. GnS+Research

Rising stars China India and Brazil:http://www.spiegel.de/international/world/essay-on-challenges-faced-by-emerging-economies-a-928113.htmlAnd what are currently the most competitive countries in terms of industrial production, and what will they be in the future? The management consulting firm Deloitte Touche Tohmatsu has established that China is now ahead of Germany, the United States and India. But according to the projection, for which 550 top executives of leading companies were surveyed, the hierarchy will already have shifted by 2017. Germany and the United States will drop out of the top ranks, and "old" powers will no longer lead the pack, having been replaced by China, followed by India and Brazil.


What's more, according to the 2013 United Nations Human Development Report, "the rise of the South is unprecedented in its speed and scale." For the first time in 150 years, the combined output of the developing world's three leading economies -- Brazil, China and India -- is about equal to the combined GDP of the longstanding industrial powers of the North -- Canada, France, Germany, Italy, United Kingdom and the United States. In addition, this year Beijing will, for the first time, import more oil from the OPEC countries than the United States.
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IMF PRPOSED 10 % TAX IN  EUROPEhttp://www.activistpost.com/2013/10/imf-proposal-to-tax-bank-deposits.html

Before all those occupy supporters, rejoice and start their partying, the sober reality of the actual methods that the financial elites would use to implement revenue enhancement, needs a closer examination. Contrast the interpretation from Europe with the broader assessment in, IMF Discusses A Super Tax Of 10% On All Savings In Eurozone.

"The sharp deterioration of the public finances in many countries has revived interest in a "capital levy"— a one-off tax on private wealth—as an exceptional measure to restore debt sustainability. The appeal is that such a tax, if it is implemented before avoidance is possible and there is a belief that it will never be repeated, does not distort behavior (and may be seen by some as fair). There have been illustrious supporters, including Pigou, Ricardo, Schumpeter, and—until he changed his mind—Keynes. The conditions for success are strong, but also need to be weighed against the risks of the alternatives, which include repudiating public debt or inflating it away (these, in turn, are a particular form of wealth tax—on bondholders—that also falls on nonresidents)

The tax rates needed to bring down public debt to pre-crisis levels, moreover, are sizable: reducing debt ratios to end-2007 levels would require (for a sample of 15 euro area countries) a tax rate of about 10 percent on households with positive net wealth(*)."

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