Well, I trust NOTHING that Sarkozy does -- he is after all, a NeoCon.

But what sort of "transaction fee" are we talking about here? If Wall Street had a transaction fee to pay BACK all their bailouts and insure against future calamity -- it would have the double benefit of making "stock speculation" a more expensive scheme and would benefit REAL investors.

-- however, if the "transaction fee" were on people buying things -- that would be a really, really bad way to stick it to the average man and reduce economic activity ... nobody SANE would propose such a thing unless they WANTED the economy collapse -- would they?

So my guess -- this being Sarkozy, and nothing INTELLIGENT ever seems to get proposed -- it's the 2nd Plan. I'm just guessing however.

>> The REAL problem is the banks -- and in particular some US Hedge Funds using banks. Goldman Sachs got rich(er) shorting Greece and precipitating their slide into default -- and the Greeks were smart not to accept the usual WTO offer of "agree to our austerity demands."

Going bankrupt and saying; "we aren't going to pay back the thieving crooks who created these debt obligations for us" is NOT the worst thing in the world. All sorts of nations and people are hurting with the Status quo as it is -- it's not a system that works for everyone, after all. The wealthy and established -- they will see default as the worst thing in the world -- better to "limp on" and have the common man tighten his/her belt.


>> The thing is, so many of the "I'm doing OK crowd" who might have $100k or maybe a Million socked away in 401K's and other retirement assets -- they think that they don't want to rock the boat. But their "investments" have no guarantee of success -- and the market makers could, when the whim strikes them -- make all these "solid investments" become worthless paper. Businesses are low-balling Unions, benefits, pensions and everything else because they have to "be competitive" - and what do they do? Sit on ever larger and larger profits.

Unless there is REAL reform to prevent the market manipulations that give rise to the imbalances -- any fee to bail the Euro out is only stalling for time.

Originally posted by thoughtsfull
I suspect Cameron and Osbourne have already agreed to this and not matter what we say/do/think or feel he'll do whatever Merkel or Sarkozy tell him to.

What a sorry state of affairs.

You're almost there.

You see that what is presented to you isn't really what's going on, but you still don't see the bigger picture: Cameron, Sarkozy, all these people, they have no real power, and make no real decisions. They are figureheads, just actors who get their hair done and then make up and then wardrobe comes by and puts them in a nice ironed suit, someone puts a microphone on their lapel and then flips on the teleprompter and say "3....2....1...." and then you hear the actor in the suit read the lines he was told to read.

Now who WRITES those lines?

You and I do not know, because we are not supposed to know.

We are supposed to direct all our anger at figureheads, so that the figureheads can be the fall guys if necessary, to protect those who are actually in charge.

Everybody is angry about the current state of the country, but who are they mad at? Obama.

So you see, Obama is just a scapegoat, same with them all. We are used as pawns, but so is Sarkozy, Cameron, Obama, just the same way we are, except instead of pawns they are more like rooks. They have a little bit of movement ability and a little bit of power, just enough to be useful.... to the King.

Originally posted by Oaktree
Perhaps I'm wrong, but isn't the "City of London" Britain's Wall Street?

From O.P.'s article:

The ‘Tobin tax’ would disproportionately hit the City of London, which accounts for about 70 per cent of the financial services industry in Europe.

and

A transactions tax – also known as a Robin Hood tax because it targets rich traders – would see a small percentage taken from foreign exchange and share transactions.

Like I said, maybe I'm misreading this, but aren't they proposing a tax on all financial trades?

I'd be all for something like that to be imposed on Wall Street here in the U.S.

Would you be infavour of Canada imposing a tax on Wall st in order to help prop up their currency, because that is essentially what the the Germans are proposing a tax that will hit Britain for the benefit of the EURO a currency the UK is not a part of.

Originally posted by BillyBoBBizWorth
Yep,"suits" steal thousands to millions of dollars.

While hooded looters steal a ipod and such,what a tragedy that these people steal a piece of technology junk...

What a joke,just like the EU.

Most of my Wee Country, work hard and pay taxes....And who doesnt moan about paying taxes these days? We have a god given right to, as anyone else in Britan.

Where do you get your information from that tells you,that you have a "god" given right to pay taxes?
What a load of BS.
If god even existed,or was 100% proved to exist,i dont think "god" would give a crap about taxes,or a piece of paper that we call money...dont you think?

Taxes is a man made invention remember,just like money.Its not a holy sign from "god".

edit on 19-8-2011 by BillyBoBBizWorth because: (no reason given)

edit on 19-8-2011 by BillyBoBBizWorth because: (no reason given)

You misqouted me. I said a god given right to MOAN about paying (rip off taxes). GET YOUR FACTS RIGHT!!!!!

Originally posted by AwakeinNM

Originally posted by BillyBoBBizWorth
Yep,"suits" steal thousands to millions of dollars.

While hooded looters steal a ipod and such,what a tragedy that these people steal a piece of technology junk...

What a joke,just like the EU.

Most of my Wee Country, work hard and pay taxes....And who doesnt moan about paying taxes these days? We have a god given right to, as anyone else in Britan.

Where do you get your information from that tells you,that you have a "god" given right to pay taxes?
What a load of BS.
If god even existed,or was 100% proved to exist,i dont think "god" would give a crap about taxes,or a piece of paper that we call money...dont you think?

Taxes is a man made invention remember,just like money.Its not a holy sign from "god".

edit on 19-8-2011 by BillyBoBBizWorth because: (no reason given)

edit on 19-8-2011 by BillyBoBBizWorth because: (no reason given)

Just to clarify, I think this poster meant that it is their God-given right to MOAN about taxes. Wonky sentence structure almost got me, too.

My grammer's not to good... You aleast read an understood my post. Thankyou.

My grammer's not to good... You aleast read an understood my post. Thankyou.

mackey1224uk,

No worries,i misread,ill read abit thorough next time.

Cheers