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View Diary: Leak of Identities & Emails of Rich Hiding *$32 Trillion* Offshore (240 comments)

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  •  You don't have to 'recover' it. That would (0+ / 0-)

    probably inject too much cash into the global economy at once and cause a currency crisis.  It would also lead to fights over who gets to control it.  Instead, simply wipe it away.  Cancel it all out.  The debts are simply gone.  The creditors holding greece hostage have no backing on their claims.  Ditto for probably 90% of 3rd world debt.

    The banks that have been enforcing are simply the intermediaries (that is part of the laundering process, which is why you will find no direct bank deposits in these havens).  Totally delete the debt ownership records and there is literally no-one to collect.  World-wide austerity would end overnight.

    Now that would be a true radical revolution, and no-one would get killed.  In-fact, no-one would even go hungry.  The depositors in these accounts will have more than enough 'clean' money to keep them from starving.  These are not ATMs.

    To any wingnut: If you pay my taxes I'll give you a job.

    by ban48 on Fri Apr 05, 2013 at 04:46:04 AM PDT

    [ Parent ]

    •  Now we're talking about what to *do* with (0+ / 0-)

      it.

      In general, I agree with you when it comes to washing the tablets.

      income gains to the top 1% from 2009 to 2011 were 121% of all income increases. How did that happen? Incomes to the bottom 99% fell by 0.4%

      by JesseCW on Fri Apr 05, 2013 at 04:53:44 AM PDT

      [ Parent ]

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