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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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@Hisah. History loves re-runs: "As early as the time of Cicero and Varro, it was the opinion of the Roman augurs, that the twelve vultures which Romulus had seen, represented the twelve centuries, assigned for the fatal period of his city. ^75 This prophecy, disregarded perhaps in the season of health and prosperity, inspired the people with gloomy apprehensions, when the twelfth century, clouded with disgrace and misfortune, was almost elapsed; ^76 and even posterity must acknowledge with some surprise, that the arbitrary interpretation of an accidental or fabulous circumstance has been seriously verified in the downfall of the Western empire. But its fall was announced by a clearer omen than the flight of vultures: the Roman government appeared every day less formidable to its enemies, more odious and oppressive to its subjects. ^77 The taxes were multiplied with the public distress; economy was neglected in proportion as it became necessary; and the injustice of the rich shifted the unequal burden from themselves to the people, whom they defrauded of the indulgences that might sometimes have alleviated their misery. The severe inquisition which confiscated their goods, and tortured their persons, compelled the subjects of Valentinian to prefer the more simple tyranny of the Barbarians, to fly to the woods and mountains, or to embrace the vile and abject condition of mercenary servants. They abjured and abhorred the name of Roman citizens, which had formerly excited the ambition of mankind. The Armorican provinces of Gaul, and the greatest part of Spain, were-thrown into a state of disorderly independence, by the confederations of the Bagaudae; and the Imperial ministers pursued with proscriptive laws, and ineffectual arms, the rebels whom they had made. ^78 If all the Barbarian conquerors had been annihilated in the same hour, their total destruction would not have restored the empire of the West: and if Rome still survived, she survived the loss of freedom, of virtue, and of honor." Gibbon, Edward. The Decline and Fall of Rome Book 3, pg 217 "to fly to the woods and mountains" was to flee from the thirsty taxmen in Rome to the countryside or "suburbia" the term from which suburbanization emanates. [quote=hisah]@kk - matters taxes again. Some americans are renouncing their citizenship coz of taxes... http://www.telegraph.co....thanks-to-tax-rise.html[/quote]
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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karanjakinuthia wrote:@Hisah. History loves re-runs: "As early as the time of Cicero and Varro, it was the opinion of the Roman augurs, that the twelve vultures which Romulus had seen, represented the twelve centuries, assigned for the fatal period of his city. ^75 This prophecy, disregarded perhaps in the season of health and prosperity, inspired the people with gloomy apprehensions, when the twelfth century, clouded with disgrace and misfortune, was almost elapsed; ^76 and even posterity must acknowledge with some surprise, that the arbitrary interpretation of an accidental or fabulous circumstance has been seriously verified in the downfall of the Western empire. But its fall was announced by a clearer omen than the flight of vultures: the Roman government appeared every day less formidable to its enemies, more odious and oppressive to its subjects. ^77 The taxes were multiplied with the public distress; economy was neglected in proportion as it became necessary; and the injustice of the rich shifted the unequal burden from themselves to the people, whom they defrauded of the indulgences that might sometimes have alleviated their misery. The severe inquisition which confiscated their goods, and tortured their persons, compelled the subjects of Valentinian to prefer the more simple tyranny of the Barbarians, to fly to the woods and mountains, or to embrace the vile and abject condition of mercenary servants. They abjured and abhorred the name of Roman citizens, which had formerly excited the ambition of mankind. The Armorican provinces of Gaul, and the greatest part of Spain, were-thrown into a state of disorderly independence, by the confederations of the Bagaudae; and the Imperial ministers pursued with proscriptive laws, and ineffectual arms, the rebels whom they had made. ^78 If all the Barbarian conquerors had been annihilated in the same hour, their total destruction would not have restored the empire of the West: and if Rome still survived, she survived the loss of freedom, of virtue, and of honor." Gibbon, Edward. The Decline and Fall of Rome Book 3, pg 217 "to fly to the woods and mountains" was to flee from the thirsty taxmen in Rome to the countryside or "suburbia" the term from which suburbanization emanates. http://www.bloomberg.com/news/2011-06-02/the-danger-of-living-on-bread-and-circuses-alice-schroeder.htmlUncertainty is certain.Let go
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@kk - that's some really interest stuff. I wonder where 'sururbia' will be in future... Did you see the French billionaire who renounced his citizenship for Belgium in order to escape taxes as well as move his entire biz empire?! Had a look at the Patriot Act, which will penalize citizen renouncement due to tax avoidance? It's becoming a tax economy everywhere as innovative capitalism is smashed without regard! Global recovery = Taxes cesspool $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I wonder if this banking software frequent breakdown will be the bank run market event waiting to happen - http://www.guardiannews....mers-leave-bank-it-crash$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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US jobless rate (7.7%) falls to the lowest level since Dec 2008. Indeed global recovery Now waiting for US markets to open with bulls running riot... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Wow! That is something for the AG to admit. That there, is the definition of impunity, if you ever needed one. So the banks basically commit transgressions knowing that they have a free pass if caught... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah, how soon do you expect gold's fortunes to turn? Or what will be the catalysing event to gold turning bullish? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Barclays paid 428 staff more than £1m in year Libor scandal hit reputationAnnual report shows bank paid five staff more than £5m in 2012 – but half its 140,000 staff earned less than £25,000 http://www.guardian.co.u...ay-staff-millions-libor
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:hisah, how soon do you expect gold's fortunes to turn? Or what will be the catalysing event to gold turning bullish? Most likely another euroland debt surprise.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:US jobless rate (7.7%) falls to the lowest level since Dec 2008. Indeed global recovery Now waiting for US markets to open with bulls running riot... As expected, sell the news... Less unemployment means helicopter ben needs to prepare the USD sprayer helicopter for landing pouring cold water on markets. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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