...always worth a read/listen !
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/4_Robin_Griffiths_Report_-_Roadmap_to_Bottom_of_Western_Markets.html
...common sense,wisdom ...? not so common,always valuable to be reminded of the simple facts
"No government has any money of its own. So when a government says it is going to spend $450bn, what it means is that it is going to take this amount away from somebody else.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/4_Robin_Griffiths_Report_-_Roadmap_to_Bottom_of_Western_Markets.html
...common sense,wisdom ...? not so common,always valuable to be reminded of the simple facts
"No government has any money of its own. So when a government says it is going to spend $450bn, what it means is that it is going to take this amount away from somebody else.
Secondly, governments do not really create jobs, businesses do that. And what they need is an environment of small government, with minimum regulations and low taxes. Government just needs to get out of the way and business will do the rest.
Many US companies already have a trillion dollars in cash overseas. There are circumstances under which they would bring that money home to invest and create jobs in America. These conditions do not yet exist. That money will not come home if it is going to be taxed and regulated. "
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