Not directly related to gold I know but how is it that big companies like Apple, Amazon, Starbucks, Microsoft, et al get away with paying virtually no tax on their massive profits?
This robs the local governments of much needed financing which has to be found from other sources – usually the likes of you and me to make up the shortfall – This is an utterly amazing exposé of how the whole offshore industry fits together.
Of-course, we could now do the same thing ourselves and take an an example from the fine corporations of the world.
Yra Harris is called a “trader’s trader.” He says the latest deal on Greek debt is just
“pretend and extend. . . . “
The real problem is Spain because they’re big, they’re in debt and they have 27% unemployment.” Everyone in the Western world is dealing with the sovereign debt mess by printing money and suppressing interest rates.
“As long as real yields are negative, of course, gold is going to go up.”
Harris is afraid inflation could get out of control and says:
“It’s like being a little pregnant, you can’t really control it. Nothing destroys democracy like inflation–end of story.”
If Democrats and Republicans can’t reach a deal to avoid the so-called “fiscal cliff,” then Harris contends,
“Deflation . . . is bullish for gold because everybody knows what the central bank will do to answer the call . . . the Fed will become that much more aggressive.”
Paul Grignon has produced another informative and some ways entertaining video about the money system called What the Heck is a Bailout?. This is only 9 minutes long and well worth a watch to explain what these terms “bailout”, “debt” and “money printing” really mean.
Also checkout his Money as Debt site and other work and give him some support if you can – we all need to play our part to help straighten things out here…An impossible task I know…