Sunday, 30 September 2012

LONDON FLOODS - 300ft UNDERWATER

The oceans have a surface area of 335 million square kilometres. Antarctica has an area of 13.8 million square kilometres which is 98% covered in ice, with a depth of up to 5 kilometres. Greenland, in the Arctic, has an area of 2.2 million square kilometres, with an ice cap of up to 2.6 kilometres. Should both the Antarctic and Arctic land based ice caps melt, the sea-level would rise 113 metres, or 370 feet.  Eighty percent of all the people in the world live below 300 feet, on the coastal margins. Greater London is all below 300 feet. Florida’s east coast urban areas are below 30 feet.  Manhattan Island rises just 36 feet above the ocean. The infamous settlement of Monmouth Junction in New Jersey is built at 135 feet above sea-level.  The centre of Oxford, England is 200 feet above sea-level. SW2000 Telework Studies 1994.


RICH MAN PAYS TAX - SHOCK




THEY TAKE OUR MONEY AND BURY IT OFFSHORE, REFUSE TO INVEST IN THE HOMELAND AND THEN
FORCE US TO BORROW IT BACK.



http://www.thesundaytimes.co.uk/sto/

The Sunday Times 30 Sept 12 horrifies its many middle-class tax dodging readers with a front page headline “RICH MAN PAYS HIS TAXES – SHOCK” about David Harding, owner of hedge fund WINTON CAPITAL who is paid £87 million and happily pays his full UK taxes of £34 million a  year. Harding says that now he is publicly identified as a compliant taxpayer he is frightened all tax-free millionaires will take their horrid revenge on him.

Worse and worse, the newspaper also runs a section “Spotlight on tax savings schemes” warning that HM Customs and Revenues are re-visiting all the so called “legal-avoidance” schemes and knocking on rich men’s doors in the dead of night. Even worse for the composure of the paper’s corpulent corporate owning and directing upper-upper class readers, The Sunday Times devotes a whole page to “THE UNTAXABLES”. This explains how most major “international” corporations fiddle their taxes and pay a quarter or less than they should to their Homelands, while siphoning off trillions from US, UK and other OECD economies; cash which they hide off-shore and refuse to invest – forcing us to borrow back our own money.

Despite the fervent prayers, hopes and protestations of their cringing servants, disciples and apologists, all these Lords of the Universe, the new super-rich off-shore millionaires, these Twenty-first  century sociopathic, tax-dodging aristocrats - are not acting lawfully. The trillions of dollars they bury abroad or in DelawareDublin, etc. are generated in and by the populations of the major economies – mostly the OECD nations. These offshore comedians interpose false companies, false transactions, false addresses, false so called directors, false intercompany charges, false transfer-pricing values, false valuations of IPR and other paper assets into the chain of real commerce. Main principles of the tax laws globally include that transactions must be (1) At real commercial values and (2) wholly necessary for the commerce of the business.

The utter nonsense of the insane paper-trail mazes of distorted, crooked pricing, back-dated bookkeeping, phony domiciles and the rest of the gobbledygook must be stopped and reversed. The $21 trillion in tax-havens, growing at $1 trillion a year is gouged out of our economies – and we want it back – invested in new industries and new jobs. The UK should go after the $21 trillion before other nations grab it. Possession is 9/10ths of the law.

(PS – Best advice from a tax-planner with 30 years experience – Check the written guarantees your tax-planners gave you – and their Professional Indemnity Insurance. We now help clients to repatriate their tax-affairs and capital to be respectably and securely on-shore - good citizens).


Friday, 28 September 2012

GUARANTEED TAXHAVENS

IF YOUR TAX-PLAN IS NOT GUARANTEED THEN CONSULT PROFESSIONALS.

Tax plans tiptoe through very, very complex red-tape and miles of small-print. They can be dangerous. The consequences of plans being unpicked by tax collectors after some years of operation, are very expensive, lengthy, tedious and can result in criminal charges against you, the client. Such back-duty-tax-cases eat up years of your time, cost you high fees - and the tax, fines and compound interest often amount to the whole of the off-shore or diverted capital.  

All professional tax-planners always calculate and guarantee the large savings they are making for clients; in return for the robust fees charged. The accountants, lawyers, back-to-back transfer brokers, company agents and officers, bookkeepers, office-services and the bankers required to make your scheme work are clearly identified, their roles specified, the laws are cited and the supporting Case Precedents set out. A vital part of the process is a copy of the tax-planners' Professional Indemnity Insurance; always get and keep a copy and check that it covers the whole period that is at risk; covers the advice you are buying and that tax-haven, off-shore or on-shore cutting edge schemes are not excluded. It is this insurance that will recompense you if your affairs are investigated.


Thursday, 27 September 2012

GLOBAL FLOODS - READ ALL ABOUT IT!

23 SEPT 2012 - PRESS & MEDIA – FOR IMMEDIATE RELEASE.
CONTACT – Noel Hodson, Tel +44(0)1865 760994 Mobile +44 07713 681 216 email noel@noelhodson.com  


ARCTIC SEA ICE REDUCTION – 5 BILLION DISPLACED FROM THE COASTAL MARGINS - THERE IS NOWHERE SAFE TO HIDE”


A HOME FOR RISING SEA-LEVELS.
ARCHITECTS DESIGN FLOATING BUILDINGS
Anti-global-warming activist, writer and novelist, Noel Hodson, says “We have failed to save the ice-caps. We now face coastal flooding of up to 300ft or 90 metres. Move to higher ground.” (Sea-level calculation below).

Noel Hodson, Oxford – described in the Times and the Guardian by Brian Aldiss as “That distinguished futurist” has closely followed the science of Polar warming for the past 20 years – and has actively promoted major transport initiatives with employers, government and industry to cut carbon-dioxide and other greenhouse gases.

Why are science fiction’s best writers so neglected? The Times Published: 23 November 2007 Books  


Now there is less Arctic sea-ice than at any time in human history, Hodson says “When floating ice, such as at the North Pole, melts – it does not raise the sea-level. But, it brings several major changes, including less reflection of sunlight, which speeds ocean warming, and it accelerates the slide of land-based glaciers and ice-mountains into the sea, which does increase sea level.”  

To inform non-scientists, he has written two dramatic novels set in London and New York that accurately track the process of sea-level rising in those cities and globally – And forecast the development of the internet and other sciences. His advice today is that we must deal with the rapidly approaching socio-economic changes and rising seas.

Hodson’s main professional contributions to reduce global warming are promoting Telework, reducing commuting traffic, (Economics of Telework BT 1989, Teleworking Explained Wiley & Sons 1992) and the 2008 prize winning Foodtubes-The Transport Internet, to halve goods traffic.


Will your home flood? Google-Earth has a sea-level-height measure at the base of their screen. Check if you are above the flood-lines.

Hodson studies many of the scientific reports – and concludes “Enough heat to melt the land-based polar ice is already in the ocean and atmosphere. While it is almost impossible to forecast the timing of the process, I believe that coastal cities and communities will experience substantial, permanent flooding of many metres depth, in the coming 25 years. New infrastructure, airports and seaports ought to be built above the flood levels” He bases this informed guess on the past 25 years of overly cautious government and scientific change forecasts, couched in millimetres and centuries, now demonstrated to be 500 to 1,000 times too shallow and too slow and says  “There is no high-tech fix that will cool down the planet before the ice melts and the ocean rises.”

CONTACT – Noel Hodson, Tel +44(0)1865 760994 Mobile +44 07713 681 216 email noel@noelhodson.com  

Blog  http://sci-fi-future-fact-fiction.blogspot.co.uk/  - Higher pixel /quality images available – Permission is hereby given to reproduce the images.

*******************

Detailed Blog Article – 21 SEPT 2012.  

Most of us in the developed world read this week that more of the Arctic sea ice has melted away than ever in human history. I usually shy away from saying "I told you so", but forecasting is one of my roles for clients and flooding of our major cities is about to affect billions of lives - so a plug for my perspicacity is appropriate. Thus, what terrible doomsday does the melting ice portend?

The oceans have a surface area of 335 million square kilometres. Antarctica has an area of 13.8 million square kilometres which is 98% covered in ice, with a depth of up to 5 kilometres. Greenland, in the Arctic, has an area of 2.2 million square kilometres, with an ice cap of up to 2.6 kilometres. Should both the Antarctic and Arctic land based ice caps melt, the sea-level would rise 113 metres, or 370 feet.  Eighty percent of all the people in the world live below 300 feet, on the coastal margins. Greater London is all below 300 feet. Florida’s east coast urban areas are below 30 feet.  Manhattan Island rises just 36 feet above the ocean. The infamous settlement of Monmouth Junction in New Jersey is built at 135 feet above sea-level.  The centre of Oxford, England is 200 feet above sea-level. SW2000 Telework Studies 1994.

The above passage from Out of the Depths is accurate. When the land based ice sitting atop Greenland melts - and the ice on Antarctica melts - the sea level will rise by 300 feet - or 100 metres. This is the Biblical Flood of Noah on a grand scale. WHEN the rising waters will come to a town or coast near you depends on how rapidly ice melts. Try this experiment: put an ice cube on your desk and take bets on how long it will last. For a seemingly long time it just sits there defying the warm air; it seems it will never melt; then suddenly it collapses and within minutes runs to water.  http://www.amazon.co.uk/OUT-THE-DEPTHS-future-ebook/dp/B007MB9ZHY

Polar ice is very much colder, harder than steel (think of Titanic), and there is a lot of it to keep the sea and air cool. But, just like the solo ice cube, just like the Arctic Sea ice now, at the North Pole, even the seemingly permanent 3 miles high ice-mountains will collapse surprisingly quickly. In my novel, 80% of the human race dies - but that is fiction. To survive, get a boat or migrate to higher ground. It will be chaotic and probably happen in your lifetime. That's the bad news.

The good news is told in AD2516-After Global Warming. The human race recovers and creates a Utopian world of 11 billion souls. Like Out of the Depths, this book is also based on possible and probable scientific and socio-economic advancement. Both books track the process of polar ice melting. The first is now, today, focused on the waters rising district by district in New York and London (will your street be underwater?). The second looks backwards, also at London and New York and the whole planet.

They are both good, very readable yarns, based on real science, and both spell out what we, as individuals and families, ought to do now, as the polar ice melts.
Or ...you could wait for government instructions.

Exciting novels about the future, based on today's science and politics
Noel Hodson - Author 16 Brookside UK OX3 7PJ OXFORD
global-warming-books.tel
END

Tuesday, 25 September 2012

DR CABLE'S BAD MEDICINE FOR SMEs

LOANS AND CAPITAL FOR SMALL BUSINESSES


Small “family” private businesses, some of which are quite large, form the backbone of all national economies. SMEs (small and medium enterprises), owner-managed by 12% of the workforce, employ and self-employ about 60% of workers; while large organizations including government departments (500+ people) employ about 40%. A nation’s SMEs are the stable, staple, necessary, risk-taking, reliable foundations of commerce that have traditionally been supported by local banks.  They work on slim margins, usually making a good-enough living for the owner-managers, but often running continually on the edge of insolvency. SMEs – High Street shops, farms, manufacturers and offices, hold in stock the majority of the day-to-day goods and services any community needs for survival. In turn the communities, via local banks, continuously lend some of their savings to these vital SMEs.

 

But not any longer in the UK. Despite being licensed and owned by a government pledged to expand SMEs, the banks are not lending to them. The traditional relationship has broken down – with tacit government approval.  Why are governments intent on ruining the small business sector?

 

The answer is that all OECD governments are committed to restricting cash and SMEs are an easy target. They are too small to fight back.  It is a period of “economic retrenchment” – following a few years of low interest rates. It used to make sense, and may still do today, to shut off the lubricant to the engine of the real-economy, to stress the machinery of commerce, and shake out the sillier, useless, self-indulgent whims and fancies of overweight consumers. Restricting cash, which is the permission to trade, flushes out our real values – identifies what we are prepared to fight for – and restores reality. This is a good thing.

 

But today, ranged alongside merciless national Treasuries, there are gigantic forces of super-rich companies, international banks, criminals and individuals, globally withholding $21 trillion tax-evasion-capital-flight cash, gouged from national economies, who simply want the cash they hold to effortlessly increase in value. The easy way is to restrict it; to close off all routes to cash for SMEs and the next generation. So “they” refuse to invest it back into their home-nations and governments refuse to collect the enormous taxes from the tax-havens, consigning 50% of 15 to 25 year olds to joblessness, unable to join the money economy. This cash starvation drives down wages, creates chronic poverty and makes all things on Earth cheaper for the super-rich to acquire.

 

If you have any sense and no morals, you will join these big battalions and also sit on your savings to screw your friends, neighbours and countrymen. Why risk investing when, like the rich and powerful, you can get richer by staying in bed and doing nothing as prices tumble and homeless beggars fill the streets?

 

Mockingly – knowing that $21 trillion has been siphoned out of world circulation – UK Business Minister Dr Vince Cable, today cynically offers to inject $1.3 billion in 2014, via the very same banks that currently refuse to invest.  $1,300,000,000 is a tiny 0.006% of the withheld $21,000,000,000,000.  He could and should repatriate the UK’s $4 trillion share of the $21 trillion funny-money funds. Dr Cable is offering so little that he insults business owners.

 

If OECD governments will not unlock the World’s liquidity before our SMEs collapse – those governments will have to be replaced.   

Sunday, 23 September 2012

THE TAXMAN COMETH – AVOIDING PRISON

Check your tax-planners’ guarantees. In the USA, UK and EU, there are finely balanced legal distinctions between tax avoidance, evasion and criminal fraud or false accounting.

As the UK tax collectors wake from their post-Thatcher and Reagan, thirty-five year sleep, yawn, recall their nastier interpretations of the law, stretch their long arms, and reach out with mean, bony fingers for your tax-returns, skewed valuations of assets transferred, management charges, inter-company and transfer pricing invoices, funny-money interest charges, income pretending to be loans, income from abroad pretending to be capital, directors’ fees dressed as dividends, dummy and off-shore firms, dodgy residence and domicile set-ups, hidden bank accounts, etc. – to avoid prison, just pay up and do not tell lies. If the investigators start to ask you questions – they already know the answers. It is the numbers and import of the lies you tell that can tip the balance from tax, penalties and interest to criminal charges.

So – dust off the past 30 year’s professional planner’s letters, advice and calculations – ensure the law the advice referred to is USA or UK or EU law etc – NOT some shifty little island’s or “tax-free” State’s own, helpful home-baked laws but are the laws in your country – and check the guarantees you’ve been given, and check the advisers’ Professional Indemnity Insurances. If your old tax advisers disappear – maybe you should also.

FEELING CHIPPER?  – A tax barrister just before a UK High Court case was alarmed that the client was quite certain that he had all the answers. And the lawyer warned, “You won’t be feeling so cocky, Mr. Smith, when you are clutching the bar at the Old Bailey”. (Read the small print below – and get a copy of your country’s tax laws).

The Mail on Sunday (a UK, right-wing, popular newspaper) 22 SEPT 2012 – “In an interview with the Mail on Sunday, Chief Secretary to the Treasury Danny Alexander promised an extra 100 HM Revenue and Customs staff devoted to fighting tax avoidance by people with assets worth more than £1m. Previously the threshold was £2.5m”

Tax inspections plan for affluent

Anybody worth more than £1 million faces coming under scrutiny from inspectors in a fresh crackdown on tax avoidance announced by Liberal Democrat Treasury Chief Secretary Danny Alexander. The move will mean 200,000 more people will be targeted by HM Revenue and Customs' affluence unit, set up originally to study the affairs of the 300,000 with assets and property of more than £2.5 million.
"The measure will apply to people with homes and assets of more than £1 million," he said. "The wealthiest did best in the boom years and it is right they should pay more now." Mr Alexander said the affluence unit, boosted from 200 to 300 staff, would cross-reference files and records to spot signs of avoidance. "They will look at anomalies and sniff out any problems," he said.
A new coalition drive to hit the rich will also include separate moves to stop high-earning BBC personalities from using tax avoidance schemes and fines for tax-dodging footballers


Accountancy Age 19 Sept 2011.

2,250 tax inspectors lined up for avoidance focus by Kevin Reed

MORE THAN 2,000 tax inspectors will target tax avoidance and evasion in new roles, according to chief secretary to the Treasury Danny Alexander.
In his speech to the Lib Dems' Autumn conference, Alexander called on working towards a fairer tax system. An additional 2,250 HMRC staff will move into new anti-evasion and avoidance jobs, with more than 1,000 of these jobs being advertised this month. Read more:

PROSECUTIONS AND THE "HANSARD" PROCEDURE: THE CONSEQUENCES OF REGINA V W AND ANOTHER

[Inland Revenue Tax Bulletin, issue 35, June 1998, p. 544]
The Court of Appeal ruling in Regina v W and Another was reported in The Times on 24 March, and caused something of astir in the press. It has now been fully reported at [1998] S.T.C. 550. Readers may be interested in the Revenue's view of the implications of the ruling.
The case concerned a prosecution for alleged conspiracy to defraud, brought by the Crown Prosecution Service. The Indictment was lodged in 1995. The first count to be tried will be a charge of false accounting, where the motive is alleged to be tax evasion. One of the defendants was involved in negotiations that led to a financial settlement with the Inland Revenue in 1997. The settlement related to the tax liabilities of two companies allegedly controlled by the defendants in respect of periods covered by the forthcoming prosecution for false accounting based upon alleged tax evasion. The judgment of the Court of Appeal made it clear that the acceptance by the Inland Revenue of such a settlement did not prevent the Crown Prosecution Service from continuing with the pre-existing prosecution.
There has been some concern that this decision appears to pull the rug from under the feet of tax professionals and Revenue officials conducting investigations and negotiations under the so-called "Hansard" arrangement, set out in Code of Practice 9(although the "Hansard" arrangement specifically does not offer immunity from prosecution). Such concerns are misplaced. In fact, the role of the Crown Prosecution Service has not changed. In a statement in the House of Commons on 8 April 1998, the Attorney-General made it clear that primary responsibility for prosecution in relation to tax evasion remains with the Inland Revenue. The Crown Prosecution Service will ordinarily only bring proceedings that encompass charges relating to tax evasion where that evasion is incidental to allegations of non-fiscal criminal conduct. That was the case in Regina v W and Another.

***************

Friday, 21 September 2012

TAX-FREE LORDS - MOVE YOUR MONEY ON-SHORE


The Guardian UK newspaper reports that of the highest Lords in the land, 68 have been discovered fiddling their taxes through tax-havens. The reporters had to rely on a 2009 list of 35 tax-havens compiled by US Congress - as the UK tax offices are too coy, shy and polite (to the 68 Peers of the Realm) to mention tax-havens. What the newspaper did repeat is the Wall Street-City-PR generated crap that "tax avoidance is completely legal". This is utter nonsense as my letter to the Guardian spells out.

If 68 of our law makers are found to use tax-havens, it is certain that many more have not been outed as tax-evaders. This massive tax-evading-capital-flight is bankrupting national economies - then forcing us to borrow our own money back from "The Free Markets" at usurious rates. When will the OECD send in troops to shut the damn tax-havens down and repatriate all the $21 trillion they hold? How much longer do we have to suffer these economically sabotaging, crooked, destructive, silly, greedy pantomimes?

TAX AND ECONOMICS ARTICLES 29TH APR 13

LETTER TO THE GUARDIAN:

Your headline article “Make UK more like a tax-haven” Friday 21 Sept 12, is qualified by you saying about such schemes (1) …that allow ‘morally repugnant’ albeit legal, aggressive tax avoidance - and (2) Legal tax avoidance represents nearly 14% of UK…

With 30 years hands-on experience of tax dodgers, I assure you that most documents used between UK persons and corporations and tax-havens are illegal, because they interpose non-commercial, unnecessary, fictitious steps, valuations and dummy officers into trading and transfer-pricing invoices. This is criminal, false accounting and fraudulent conspiracy. Your editors and reporters cannot possibly know and so should not write, in this highly complex field of law and auditing, that the majority of tax-avoiding-capital-flight arrangements are “legal”. Most are clumsily contrived bookkeeping pretences and banal lies, which fail to meet the 100 year old laws, designed to inject truth and reality into Tax Returns, however obscured and convoluted.

Good tax planners guarantee to their clients any taxes, fines and compound interest and the legal costs of their schemes unravelling. Before blandly stating “tax avoidance is legal” you should check the, often idiotic, schemes; and check the tax-planners guarantees given to their clients. Only fully guaranteed schemes might be classed as “legal”. But even those may fail in UK courts.

Noel Hodson, Oxford.     

Thursday, 20 September 2012

S.O.S. – ARCTIC ICE MELTING

Most of us in the developed world read this week that more of the Arctic sea ice has melted away than ever in human history. I usually shy away from saying "I told you so", but forecasting is one of my roles for clients and flooding of our major cities is about to affect billions of lives - so a plug for my perspicacity is appropriate. Thus, what terrible doomsday does the melting ice portend?

The oceans have a surface area of 335 million square kilometres. Antarctica has an area of 13.8 million square kilometres which is 98% covered in ice, with a depth of up to 5 kilometres. Greenland, in the Arctic, has an area of 2.2 million square kilometres, with an ice cap of up to 2.6 kilometres. Should both the Antarctic and Arctic land based ice caps melt, the sea-level would rise 113 metres, or 370 feet.  Eighty percent of all the people in the world live below 300 feet, on the coastal margins. Greater London is all below 300 feet. Florida’s east coast urban areas are below 30 feet.  Manhattan Island rises just 36 feet above the ocean. The infamous settlement of Monmouth Junction in New Jersey is built at 135 feet above sea-level.  The centre of Oxford, England is 200 feet above sea-level. SW2000 Telework Studies 1994.

The above passage from Out of the Depths is accurate. When the land based ice sitting atop Greenland melts - and the ice on Antarctica melts - the sea level will rise by 300 feet - or 100 metres. This is the Biblical Flood of Noah on a grand scale. WHEN the rising waters will come to a town or coast near you depends on how rapidly ice melts. Try this experiment: put an ice cube on your desk and take bets on how long it will last. For a seemingly long time it just sits there defying the warm air; it seems it will never melt; then suddenly it collapses and within minutes runs to water.

Polar ice is very much colder, harder than steel (think of Titanic), and there is a lot of it to keep the sea and air cool. But, just like the solo ice cube, just like the Arctic Sea ice now, at the North Pole, even the seemingly permanent 3 miles high ice mountains will collapse surprisingly quickly. In my novel, 80% of the human race dies - but that is fiction. To survive, get a boat or migrate to higher ground. It will be chaotic and probably happen in your lifetime. That's the bad news.

The good news is told in AD2516-After Global Warming. The human race recovers and creates a Utopian world of 11 billion souls. Like Out of the Depths, this book is also based on possible and probable scientific and socio-economic advancement. Both books track the process of polar ice melting. The first is now, today, focused on the waters rising district by district in New York and London (will your street be underwater?). The second looks backwards, also at London and New York and the whole planet.

They are both good, very readable yarns, based on real science, and both spell out what we, as individuals and families, ought to do now, as the polar ice melts. Or ...you could wait for government instructions.

BOOKS ON GLOBAL WARMING - FLOODS & FUTURES

Exciting novels about the future, based on today's science and politics

Noel Hodson - Author 16 Brookside UK OX3 7PJ OXFORD

 

global-warming-books.tel

********************

Friday, 14 September 2012

$1 TRILLION STIMULUS – SEND IN THE MARINES!


THE "FREE MARKETS" SIT ON
$21 TRILLION OFF-SHORE
AND WON'T INVEST.

News this week is that the European Central Bank ECB is pumping in $500 billion and Ben Bernanke at the US Treasury is pumping in $40 billion a month “for as long as it takes” or $480 billion this coming year. Call it one trillion US dollars of new money, which might stimulate 28 million new jobs – compared to the EU and USA labour force of about 380 million – or +7% - if well invested.

That is only 5% of the liquidity siphoned off since 1980 by the super-rich to tax havens - and ¼ of the $4 billion “lost” by Wall Street and London in 2008/09 (actually siphoned off-shore via dodgy paperwork) replaced by taxpayers – and it is a fraction of the liquidity removed from the global economy by deleveraging Wall Street and the City of London banks in 2009 from lending/investing 32 times their capital down to 8 times.

Hear the howls of rage from the off-shore “free markets” at major governments “printing” money and diluting their hoarded cash balances. The super-rich have had 4 years of sitting on their tax-free assets, refusing to invest at home, of seeing the global economy starved of liquidity, of destabilising entire national economies – and thus being able to charge extreme interest rates on risk-free Government Bonds and other forced loans. They have been getting richer by the day – by withholding scarce cash, paying no tax and depriving people of jobs and of any hope for the future.

TAX AND ECONOMICS ARTICLES 29TH APR 13 

The economic reality is that the amount of money in circulation MUST keep up with the real-economy. If you cancel money, restrict liquidity, it reduces the paper-economy and thus the real-economy’s contracts, deals and transactions. Money is central government’s permission to work. It is a “medium of exchange and a means of account” it is bookkeeping. Food, houses, energy, clothes, vehicles, electronics, entertainment, health-care etc are the real-economy. There HAS to be enough liquidity in the Money-Economy to enable the transactions we want to effect in the ever growing Real-Economy.

$1 TRILLION is a bit more than a drop in the ocean, it matches the annual amount of tax-evasion-capital-flight, but what is really needed is all the $21 Trillion that is Off-Shore to be brought back On-Shore. The corporate and individual tax dodgers must put the money back they have siphoned out over the past 30 years; if not voluntarily, then via false accounting and Back-Duty-Tax cases – “guilty until proved innocent” – send in the Marines.