On May 6th I warned that revolution was in the air.
Today Thailand’s Stock Exchange has been put to flames by protestors along with the malls they can no longer afford to shop in and the television stations that lie to them and tell them how great everything is while their lifestyles go down the toilet. Like any good colony of cockroaches, Thai traders had already scurried off to do their trading elsewhere – in a secret location away from the lights and they took their market UP 0.7%, betting that this out-of-hand violence will now be met with an equally violent government response that will end all this silliness and let them get back to skimming their profits off the people on a daily basis.
Thank goodness we live in America, where the Lords of Wall Street are free to rape and pillage to their heart’s content while our hardly-burning MSM cheers them on and keeps the sheeple in-line. Just this weekend I noted to Members that:
On the opposite end of the housing spectrum: They say living well is the best revenge and it looks like Lloyd Blankfein’s name must be Vengeance as he pays CASH for his new $26M NYC duplex on Central Park West BEFORE selling his old 5 BR Park Avenue apartment (he’s asking $13.5 for the old place). You would think SOME ONE might have said “Gee, Lloyd, do you really think this is the smartest time to be throwing it in people’s faces?” Maybe his new place has a “spider hole” in case the SEC comes knocking…
Bloomberg had a good article on “$60 Billion in Corporate Tax Dodges” so outrageous event he Tea Partier think it’s wrong. The article focuses on one of many corporate tax tricks called transfer pricing where companies (and Forest Lab is a highlighted example) set up subs that sell their own product to themselves to shift profits to more tax-friendly jurisdictions. It’s a neat trick than any company can do as long as they are big enough to open fake offices in foreign countries and have lawyers draw up BS contracts and use completely immoral accountants to paper it all over. U.S. companies amassed at least $1 trillion in foreign profits not taxed in the U.S. as of the end of last year, according to data compiled by Bloomberg. That cumulative total, based on filings by 135 companies, increased 70 percent over three years, from $590 billion in 2006.
Our government,…
