Austerity – essentially saving and paying back – is probably a recipe for a In ancient Mesopotamia, debt was commonplace; individual debts. Posts about Back to Mesopotamia written by aurelius Ways Out Of The Crisis”” where The Boston Consulting Group (BCG) helped explain. In Back to Mesopotamia? a now prescient report by the Boston Consulting Group (BCG) published in September it was argued that, while.
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Other outcomes should be treated as a criminal conduct by public servants. It will take time. We need those great companies, but we have to induce them to split up into smaller units. We must pierce the smoke-screen of creditors and re-establish the historical truth. In putting an end to muddling through, the government might also embark on a major restructuring of the economy:.
Heads of State and of governments, central banks, the IMF and the mass media, all present it as though it were inevitable, unquestionable, and obligatory. And effectively sell what is produced by it, or change the baco weighting.
Including paper gains, we can probably tax capital gains with just a high one digit rate being sufficient to obtain similar public cash flows.
In order to finance controlled restructuring, politicians could well conclude that it was necessary to tax the existing wealth of the private sector. You ought to be ashamed as well. We need maximum corporate sizes at levels where effective free market is applicable, fighting oligopolies and employee and government abuse. We have to allow for some leeway, but total credit as a percentage of GDP has to fluctuate around constant levels.
Fill in your details below or click an icon to log in: The only possible discussion focuses on how to distribute the burden of sacrifice needed in order to free up enough budgetary resources to fulfill the commitments of the indebted nation. Fiscal paradises have to be outlawed. The will always be a bag of relevant remaining functions mesoootamia to the ordinary government. Cleaning up the banking sector by calculating the losses and recapitalizing as needed — even if ,esopotamia means wiping out existing shareholders.
And Cyprus may be just the first little example of what may soon be happening across many other countries and jurisdictions. Printing does not solve anything, it just delays the inevitable. The programs we have described would be drastic. One thing is certain: We need a global income tax that bears no distinction between payroll income, and independant professional income.
Funny thing is – this is likely just a test run. BCG wrote the scenario up back | Hacker News
The facts which state that the only way to resolve the massive debt load is through a global coordinated debt restructuring which would, among other things, push all global banks into bankruptcy hcg, when all is said and done, will have to be funded by the world’s financial asset holders: Or else accept that their companies pay for the use of external aggregate demand.
Creditors will be massacred. Flying helicopters should have been mesopotaia only in spare leisure time sorry Ben. We need low tax rates on high tax bases, with no exemptions or loopholes.
As a rule, I think tax levels are too high. We should bcgg them accordingly, with a clear, relevant, surcharge in order to induce downsizing to smaller levels. You are commenting using your Facebook account. Politicians mesopohamia central bankers still do not agree on the full scale of the crisis and are therefore placing too much hope on easy solutions. But some facts would need to be acknowledged before decisive action could be taken:.
No more corrupt politicians and establishment. To what measures might they have to resort? So we have to find a way to level out the playing field.
We need to understand that balance sheet recessions are very different from normal recessions. We will skip this part as any regular readers of Zero Hedge are all too aware of reality, and how it is masked constantly by the mainstream media and its agents in all walks of life.
The good thing is, there will be a day after. A commitment by the government to restrict its debt level and to prepare for the increasing costs of an aging population by either limiting benefits or raising the retirement age. Since the publication of Stop Kicking The Can Down The Road, a number of readers have asked us what would happen if governments persisted in playing for time.
In putting an end to muddling through, the government might also embark on a major restructuring of the economy: