The Swiss have a particularly dirty record when it comes to secret banking.
The Nazis found them very useful.
So do the mafia, Somali pirates, organised crime and all the other scumbags around the world.
Not just cuddly cockoo clock makers, oh no
I think the US and other Govts will be forced by the democratic system of majority rule to put up import barriers and thus protect jobs.
First the unemployment will have to get much worse. 30 million unemployed is bad but not yet enough to force the " free marketeers " to eat their own words...
Both Capitalism and Socialism have their strengths and weaknesses imo.
The trick is to combine the strengths of the two and throw out both their weaknesses
The fixed income pensioners etc. had better get organised not to " slip into the night without a sound ". Put up a bit of a struggle at...
If one is to go down the Capitalist road then if a State or country becomes bankrupt for whatever reason then they should have a " fire sale " of enough assetts to pay off the debt.
The incompetent rulers of that entity would be purged of any assets they might hold to help pay the debt. This...
The curse of democracy is that the govt can't do unpopular things for very long.
Thus the Vietnam war came to a close
and now
Govts will take the easy option of inflating their way out of trouble.
People with savings only receiving a small % every year better watch out. Their...
Just like the richest State in the Union, so it is with the USA.
Abysmally poor leadership to take the richest country in the world to bankruptcy in only a few years.
Elect a stupid idiot to the Presidency and the USA is stuck with him for 4 years. The US system needs reforming so if a...