In the wake of a $40 trillion sovereign debt crisis of the Western locomotive called America, all Western states are watching the management choices of the current presidential administration and the directionality of its economic and fiscal policies above all.
Each of the Western states is strongly exposed to its own sovereign debt, and veterans of the subprime mortgage crisis and the consequent sovereign debt crisis, each of them wonders if this is yet another trick by magicians of American high finance or leading upper class, to unload the sovereign debt on all the other states or if for masterful reasons incomprehensible to economists and oppurtunists of the school of thought "you do what is convenient" Themselves as an upper class welthy with a dry wealth of 6% those 40 trillion dollars of debt.
Why should they start on this occasion to pay them first directly when they have always done "magic" not to pay, ask all the vultures hedg funders and sharks of Wallstreet?
Why should they start right now, ask all the strategists of investment banks and commercial banks?
Why should they start today, ask the CEOs of Vanguarde and Blackrock, when the rule dictates that the debt is never paid individually, but is unloaded on others, on the community, on the sovereign debts of Western states.
After all, what is appropriate in relation to their convenience has always been done, obviously by majority stakeholders.
With regard to the majority shareholders, net of borderline laws always and never in violation and never broken as if by magic, this time too it is the community and their Western national sovereign states that will have to pay the debt and the costs of the economic and financial crisis that is about to arrive artfully prepared.
Relative to the majority stakeholders represented and representing their direct interests in a world that by social convention has rules that have been precise such as a chessboard that disciplines the rook to move in a certain way, the knight in another and the bishop in a completely different way, logic has indeed logic.
Too bad that the amount of rules of the "chessboard" is of a social convention and if the convention is always convenient for the few and never for the many, that convention can be missing as if by magic.
If we then keep in mind that the King of the chessboard, by convention, has been excluded from representation as a majority stakeholder, then the question takes on a totally different aspect.
Paying the debt of 40 trillion dollars with wealth tax means taking on the burden and duty of leading the West with decisions often to one's disadvantage.
Paying the $40 trillion debt with wealth taxation means acquiring the legitimacy of leadership in a magnanimous and certainly indisputable way for the next few centuries.
Paying the debt of 40 trillion dollars with wealth taxation means protecting one's own both in a divine function.
Il proposito di questo post non è quello di strezzare l'occhio alla sinistra e upper class americana la quale per quanto mi riguarda dovrebbe essere messa fuori dalla politica occidentale, e non importa quale decisione prendano in tema di 40 triliardi di dollari di debito, per me personalmente il mio outlook per la guida e gestione non cambia.
Michael.