As usual the Canadian part of the story is underwhelming: $800,000
Topic: BREAKING-LEAK:Identities+emails of rich hiding cash offshore $32trillion's worth - page 3. (Read 15114 times)
April 04, 2013, 08:47:35 PM
When the names are finally released it will be fascinating to see all the (champagne) socialists on there. No doubt the lefties will make up the bulk of the list, but "capitalism" will get the rap.
As usual the Canadian part of the story is underwhelming: $800,000
As usual the Canadian part of the story is underwhelming: $800,000
April 04, 2013, 08:38:45 PM
Now how do we get some of that 32 trillion?
Join the government.
April 04, 2013, 08:34:31 PM
Now how do we get some of that 32 trillion?
Buy BTC and hope that some of those funds flow in before they are locked.
April 04, 2013, 08:25:55 PM
Now how do we get some of that 32 trillion?
April 04, 2013, 08:09:25 PM
Wouldn't suddenly releasing even a small portion of that cause massive inflation? Since its hidden away and not interacting with the economy right now, its not part of the money supply, but if the owner decides to spend it or the government takes it its suddenly in circulation.
Hmmm... I doubt this means there are 32 trillion physical dollars being stashed away somewhere. But it's true that if all this money suddenly resurfaced, it would become the great grandmother of all QE's
This is true. Obviously (I hope obviously) there is no reason for the US govt to 'spend' it. Since they have a printing press it make no sense. But the owners who might be looking at appropriation may be inclined to do so, and that would be a genuine threat to our way of life. There may be no choice but to lock it down. We'll see if the owners have enough politicians in their pockets to snake out of this.
April 04, 2013, 07:52:58 PM
Wouldn't suddenly releasing even a small portion of that cause massive inflation? Since its hidden away and not interacting with the economy right now, its not part of the money supply, but if the owner decides to spend it or the government takes it its suddenly in circulation.
Hmmm... I doubt this means there are 32 trillion physical dollars being stashed away somewhere. But it's true that if all this money suddenly resurfaced, it would become the great grandmother of all QE's
April 04, 2013, 05:47:20 PM
Wouldn't suddenly releasing even a small portion of that cause massive inflation? Since its hidden away and not interacting with the economy right now, its not part of the money supply, but if the owner decides to spend it or the government takes it its suddenly in circulation.
April 04, 2013, 05:26:39 PM
I'm not saying seizure of funds is right, but neither is tax evasion
Tax evasion is absolutely morally justified. What is not justified, is theft.
People are justified in doing what they can to avoid wanton theft of their property by violent gangs calling themselves government. The fact that a group of people around you have voted for you to surrender your property is not moral justification for the taking of that property.
Any of that money which is derived from stolen value should be fair game for redistribution in my opinion. I would qualify that as money made by distributing environmental toxins to the masses, bribing officials for preferential treatment, and a host of other things. And it includes money that one's grand-pappy accumulate in that manner.
Anyone who earned the money they stuffed into off-shore tax havens by digging a ditch is someone I'll feel bad for if it happens to be appropriated along with the savings, pensions, etc of the rest of us more lowly beings.
April 04, 2013, 04:58:50 PM
I'm not saying seizure of funds is right, but neither is tax evasion
Tax evasion is absolutely morally justified. What is not justified, is theft.
People are justified in doing what they can to avoid wanton theft of their property by violent gangs calling themselves government. The fact that a group of people around you have voted for you to surrender your property is not moral justification for the taking of that property.
Unfortunately I still have to file as an American citizen, and I do it because otherwise I'll be thrown in a cage.
April 04, 2013, 04:51:52 PM
So, does anybody know where the 32 trillion came from?
It's people. Federal Reserve Notes is people.
April 04, 2013, 03:03:04 PM
The world system is rather fantastic at times. This will certainly be studied with amusement in the universities of the future.
April 04, 2013, 02:53:05 PM
This again proved that money can be just saved without any corresponding goods/services. If all these money were chased out by governments, there will be super inflation on everything, but now it could be only super inflation on bitcoin
April 04, 2013, 02:42:39 PM
So, does anybody know where the 32 trillion came from?
trillions of WHAT?
USD?..... uh.,.... came from thin air?
April 04, 2013, 02:27:48 PM
So, does anybody know where the 32 trillion came from?
April 04, 2013, 02:26:12 PM
So these guys have 32 trillions and here we have to pay taxes over taxes, we have governments stealing money from the banks and so on... mmhh now i understand why there is a crysis
April 04, 2013, 02:13:13 PM
Of all those people controlling that fund, if just one out of 100 people decided maybe its a good time to put just 1% of his or her money into bitcoins, there isn't enough Bitcoins on Mt. Gox to satisfy the demand.
It doesn't seem completely radical to think that might happen.
It doesn't seem completely radical to think that might happen.
April 04, 2013, 01:21:06 PM
This is what ONE trillion dollars looks like, imagine 32 of these:
That'd be a fun time at the strip club!
April 04, 2013, 12:36:11 PM
Imagine 0.1% of $32T is invested in bitcoin. It's 20x of the current market cap. 
April 04, 2013, 12:19:28 PM
In the future, you can carry 32 trillion in Bitcoins like this.
Lost USB drive = lost 32 trillion USD
Using TrueCrypt you can hold one copy on Mega.
April 04, 2013, 12:03:42 PM
All gearing up for the great reset. Imagine BTC and gold going bidless.....
Silly neither will go bidless.
BTC:GLD
BTC:SLV
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