My latest thinking.
If Europe can hold it together with the Greece and PIIGS fiscal-train wreck, then Franco-German-Brussels EU federalists may get their FTT in the euro-zone or entire EU-wide. They need an EU tax to solidify and pay for an EU-fiscal union. If German taxpayers have to reluctantly pay for Greeceâs cheating and over-spending, then German political officials absolutely demand control as bankers to Europe. For some, that requires a fiscal union and EU treaty amendments accordingly.
Franco-German-Brussels political leaders clearly donât like traders â short-seller gangs - and consider them dangerous and socially useless. Germans even called them psychopaths recently in Der Spiegel. They will continue short-selling bans, push for FTT and harsher regulations on banks and trading.
Trading and banks are valued in countries where these activities are huge contributors to the economy, jobs, taxes and culture. Even though ex-UK PM Gordon Brown (Labor) first pushed for an FTT in the EU and G-20 a few years back, a new Tory-PM Cameron-led UK is dead set against FTT and bashing banks and traders. Even UK Labor may come to their senses and realize that FTT could sink the London economy and then the entire UK. The U.S., Canada and Netherlands also value financial entrepreneurialism conducted by banks and traders and they wonât allow FTT.
Thankfully, most people realize that FTT is mutual destruction like with nuclear bombs â it could cause financial market destruction. You need mutual deterrence, so no one can do FTT unless everyone does it. FTT is so destructive and bankers, traders and investors will find a country to avoid it.
Back to on the other handâ¦. If Europe canât hold their fiscal-train wreck together â the likely scenario â train conductor Barroso will drive off a cliff and crash by taking the FTT route. Barroso and crew think FTT is a shining light of safety, but itâs a mirage and lure to financial market and economic destruction.
Franco-German-Brussels dictocrats have gone too far. They are the greedy ones trying to pick the pockets of bankers and traders. And feigning for the worldâs poor is cruel, when they will pocket FTT monies for their own fat-cat government over-spending ways.
The FTT nuclear option will be their death Nell. It shows outrageous desperation and itâs a sign they are not holding their EU scheme together.
If Europe can hold it together with the Greece and PIIGS fiscal-train wreck, then Franco-German-Brussels EU federalists may get their FTT in the euro-zone or entire EU-wide. They need an EU tax to solidify and pay for an EU-fiscal union. If German taxpayers have to reluctantly pay for Greeceâs cheating and over-spending, then German political officials absolutely demand control as bankers to Europe. For some, that requires a fiscal union and EU treaty amendments accordingly.
Franco-German-Brussels political leaders clearly donât like traders â short-seller gangs - and consider them dangerous and socially useless. Germans even called them psychopaths recently in Der Spiegel. They will continue short-selling bans, push for FTT and harsher regulations on banks and trading.
Trading and banks are valued in countries where these activities are huge contributors to the economy, jobs, taxes and culture. Even though ex-UK PM Gordon Brown (Labor) first pushed for an FTT in the EU and G-20 a few years back, a new Tory-PM Cameron-led UK is dead set against FTT and bashing banks and traders. Even UK Labor may come to their senses and realize that FTT could sink the London economy and then the entire UK. The U.S., Canada and Netherlands also value financial entrepreneurialism conducted by banks and traders and they wonât allow FTT.
Thankfully, most people realize that FTT is mutual destruction like with nuclear bombs â it could cause financial market destruction. You need mutual deterrence, so no one can do FTT unless everyone does it. FTT is so destructive and bankers, traders and investors will find a country to avoid it.
Back to on the other handâ¦. If Europe canât hold their fiscal-train wreck together â the likely scenario â train conductor Barroso will drive off a cliff and crash by taking the FTT route. Barroso and crew think FTT is a shining light of safety, but itâs a mirage and lure to financial market and economic destruction.
Franco-German-Brussels dictocrats have gone too far. They are the greedy ones trying to pick the pockets of bankers and traders. And feigning for the worldâs poor is cruel, when they will pocket FTT monies for their own fat-cat government over-spending ways.
The FTT nuclear option will be their death Nell. It shows outrageous desperation and itâs a sign they are not holding their EU scheme together.
