Another Black Friday is upon us, the “supposed” day in which money losing retail operations start to earn a profit from selling heavily-discounted (50-80%) inventory, with now much higher variable and fixed costs associated with near 24 hr retailing operations (overtime, security, etc), resulting in reduced gross margin profit compression. So go have another QE2 eggnog… as if, retail.
Joint SK exercises – move on, no crisis on Sunday night during joint naval exercises unless the south shoots first (again). Western organized media is a worthless propaganda machine IMHO.
For now Spain and Portugal, our unlikely Hero’s of Taxpayer Democracy – holding off the Banksters multiple demand requests for a counterparty bailout of 100 cents, outright rejecting the country’s socializing of Bankster’s losses, and dismissing any new budget austerity cram jam.
Unlike US, UK, CAN, Greece who gratefully acknowledged and gladly accepted such a reaming, our Portuguese warriors of middle class taxation are still standing tall while facing the onslaught of intimidation from politically aggressive bankster lobbyists.
So far, by staring down these thugs in suits, and by “talking tough” in forcing them to take OMG!!! haircuts, and credit quality (collateral) write-downs, our Hero’s deserve our free market thanks and moral support.
This, at the same time while Ireland’s budget (ie: 12.5% corporate tax rates vs. 40% individual MTR) will be decided on, get this, on December 7th (Bankster Day).
Who else has a money center banking (TBTF) financial segment that is larger than anything else in their respective economy, and in which their respective GDP is too small to absorb these Bankster losses? It is no secret that fine chocolate, watches, and hush-hush banking don’t always have to mix going forward.
So let us take a look at what seems to be a rolling bankster request to securitize, bury, and hide portfolio losses all around the world via banksters cram jamming their financial losses to any and all Gmen who will adjust Federal budgets to bail them out. In doing so, will be also attempting to tax more out of their domestic taxpayer federation. Sounds too good to be true if I were a bankster, but it has already happened in the West.
A racket is an illegal business, usually run as part of organized crime. Engaging in a racket is called racketeering. Several forms of racket exist. The best-known is the protection racket,in which criminals demand money from businesses (or individual taxpayers) in exchange for the service of “protection” against crimes that the racketeers themselves instigate if unpaid (see extortion).
Traditionally, the word racket is used to describe a business that is based on the example of the “protection racket” and indicates that the speaker believes that the business is making money by selling a solution to a problem that the business itself created (or that it intentionally allows to continue to exist), specifically so that continuous purchases of the solution are always needed.
Example: in a protection racket, a representative from the racket informs a store owner (taxpayers in our examples) that a fee of more than 1000 dollars will be required every month for protection of their money, though the “protection” that is provided comes in the form of the racket itself not causing damage to the store or its employees or country.
Taxpayers of the Free World Rejoice & Unite,