Chancellor Merkel came out fighting on Friday. As a quid-pro-quo for devising a comprehensive eurozone solution, she suggested, the US and the UK should back plans for a Financial Transaction Tax.
“It can’t be that those – in particular outside the euro area – who repeatedly ask us for sweeping action to deal with the debt crisis, at the same time completely refuse the introduction of a financial transaction tax,” she said.
The UK has said it will only adopt a so-called Tobin tax if it is introduced internationally. At present, the US is against the idea.
Comment by Adamantine:
I despise the possibility that there would ever be an internationally agreed upon finance tax. It would be the basis for later additional taxes and one could see it becoming the basis for a need to monitor all buying and selling if some nations were attempting to circumvent its collection. It certainly means all financial transactions would someday somehow need to be monitored.
The brave new world of the new world order seems on its way somehow someday.
The people demonstrating in the streets against the banks may be the pawns of those who desire such a tax. What else would satisfy such a general ill attitude towards banks and the wealthy?
This should move the index at rapture ready.com.
This plus the start of Greece monitoring its people gives call for our own ..should we call it the Herb Peters Rec 666 index?
Herb did not live to see any of the financial shenanigans leading to the new world order but here is some of it up for discussion.
I surmise a catastrophe in the financial world will allow/force the US and other hold outs to buy into what otherwise be rejected by American people. Starving children has always been the excuse of those who give up freedoms.