Comments on: Step report reinforces ‘we’re good for the economy’ line http://www.thisisguernsey.com/2009/11/09/step-report-reinforces-were-good-for-the-economy-line/ Island News, Sport, Community & Lifestyle Fri, 19 Mar 2010 17:02:19 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Arnald http://www.thisisguernsey.com/2009/11/09/step-report-reinforces-were-good-for-the-economy-line/#comment-56173 Arnald Wed, 11 Nov 2009 10:33:08 +0000 http://www.thisisguernsey.com/?p=39288#comment-56173 Ray Why not? Enough arms deals goes through the CDs that money has been made through financing war. Do you know how war finances work? The deals involved? Someone has to facilitate it and it ain't the streetsweepers and nurses. OK so Guernsey OFC may not be a big player in that field, but BAe has used the CDs for bribery payments and Blair took the heat out of that SFO investigation like the Godless man he really is. But that wasn't what I was talking about. Can you answer my question? Where is the benefit? Ray
Why not? Enough arms deals goes through the CDs that money has been made through financing war.

Do you know how war finances work? The deals involved? Someone has to facilitate it and it ain’t the streetsweepers and nurses.

OK so Guernsey OFC may not be a big player in that field, but BAe has used the CDs for bribery payments and Blair took the heat out of that SFO investigation like the Godless man he really is.

But that wasn’t what I was talking about. Can you answer my question? Where is the benefit?

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]]> By: Ray http://www.thisisguernsey.com/2009/11/09/step-report-reinforces-were-good-for-the-economy-line/#comment-56167 Ray Wed, 11 Nov 2009 09:00:20 +0000 http://www.thisisguernsey.com/?p=39288#comment-56167 Arnald You forgot to mention that if liar Blair had not taken the UK into a multi billion pound un-winable war so that he could bask in Margaret Thatcher type Falklands glory the UK would not be in quite such a mess now You really shouldn't try to blame EVERY one of the world's problems on the good people of the Truchot Arnald

You forgot to mention that if liar Blair had not taken the UK into a multi billion pound un-winable war so that he could bask in Margaret Thatcher type Falklands glory the UK would not be in quite such a mess now

You really shouldn’t try to blame EVERY one of the world’s problems on the good people of the Truchot

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]]> By: bcb http://www.thisisguernsey.com/2009/11/09/step-report-reinforces-were-good-for-the-economy-line/#comment-56153 bcb Tue, 10 Nov 2009 19:04:39 +0000 http://www.thisisguernsey.com/?p=39288#comment-56153 I think what their trying to say is the well of are doing just fine and thats what really matters so sod the rest of you plebs :). I think what their trying to say is the well of are doing just fine and thats what really matters so sod the rest of you plebs :).

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]]> By: Arnald http://www.thisisguernsey.com/2009/11/09/step-report-reinforces-were-good-for-the-economy-line/#comment-56138 Arnald Tue, 10 Nov 2009 14:30:23 +0000 http://www.thisisguernsey.com/?p=39288#comment-56138 "The evidence indicates that offshore centres contribute to financial development and stability in neighbouring countries, encouraging investment, employment and other aspects of business development..." Does it? Taxes in the UK are rising, the budget deficit is rising, unemployment is rising, the wealth gap is widening, house building has slowed to a near standstill, UK corp ownership is dwindling, mortgage defaults are rising, personal insolvencies are rising, standards of living are falling, social cohesion is loosening, public services are being cut, small businesses are struggling, education is becoming more elitist, resource security is worsening. All in the last two decades of boom for offshore finance centres. Net financing from subsidiaries in low tax areas is not a measure of success. It's expected. It would be a shonky model if the upstreaming wasn't liquidity. Not forgetting aiding corruption, criminality and helping cause the biggest recession. “The evidence indicates that offshore centres contribute to financial development and stability in neighbouring countries, encouraging investment, employment and other aspects of business development…”

Does it?

Taxes in the UK are rising, the budget deficit is rising, unemployment is rising, the wealth gap is widening, house building has slowed to a near standstill, UK corp ownership is dwindling, mortgage defaults are rising, personal insolvencies are rising, standards of living are falling, social cohesion is loosening, public services are being cut, small businesses are struggling, education is becoming more elitist, resource security is worsening.

All in the last two decades of boom for offshore finance centres.

Net financing from subsidiaries in low tax areas is not a measure of success. It’s expected. It would be a shonky model if the upstreaming wasn’t liquidity.

Not forgetting aiding corruption, criminality and helping cause the biggest recession.

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