There’s small choice in rotten apples

They described Swiss Bank administrative assistance and voluntary disclosure as throwing at least 4450 clients to the IRS wolves.

Eschewing widespread political lies, the Swiss banker described the betrayal of trust to one of the most aggressive nations in the world over the last 60 years.

A little over 60 years ago FDR was an American President who employed national socialist totalitarian methods to rescue the economy.

While the myth is that FDR succeeded, the fact is that massive American unemployment continued for twenty years, and the market did not recover for 25 years.

FDR took US into a second World War that killed over 60 million people, ended with atomic bombs leveling two cities and required decades to rebuild Germany and Japan.

The Swiss banker points out:

The USA has fought by far the largest number of wars, sometimes with, but mostly without a UN Mandate. It has broken the international laws of war, maintained secret prisons, and fought an absurd war against drugs, with serious consequences both abroad (Columbia, Afghanistan) and at home (according to reliable sources, the tentacles of the narcotics mafia now reach well into political circles). With breathtaking moral duplicity, the USA maintains enormous offshore (tax) havens in Florida, Delaware and others of its states. The moralizers have joined sides with a nation that still makes extensive use of the death penalty, and that has a legal system under which lawyers can get rich on the misfortunes of their clients. Liability cases often end in verdicts with exorbitant damages, which makes business activity extremely risky, for medium-sized enterprises in particular. The moralizers provide intellectual support for a country that allows its infrastructure to collapse, and then stuffs convicts into hopelessly overfilled jails, after what are not infrequently dubious proceedings. They fund a nation that tolerates – or rather, causes – regular crises in the global financial system that it manages. A country whose underclass enjoys neither the benefits of an adequate education, nor a halfway functional healthcare system; a country whose economic system is increasingly inclined to overconsumption, and in which saving and investment have increasingly become alien concepts, a situation that has undoubtedly been one of the driving forces behind the current recession, with all its catastrophic consequences for the whole world.

O wad some Power the giftie gie us, to see ourselves as other see us.

Scottish poet Rabbie Burns.

Pages: 1 2 3 4 5 6 7 8

This entry was posted on Thursday, September 3rd, 2009 at 3:51 pm and is filed under Market Psychology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

 

Leave a Reply