Part 2:
Mountainman: Forgive My SARCASM......But Lagarde Opened the DOOR.....So......Who Will RUN the COUNTRIES/GOVERNMENTS.....???.....LOL (see article below)
Yes The REIGNS of those Who RULE have Always been GUILTY of CORRUPTION and Shall I Say of Recent DAYS.....Receiving QUESTIONABLE FUNDS for Ones Foundations or Trusts......Yah Ok.....We Shall See......
The Question ALWAYS Comes Down toWill Those Who Have The AUTHORITY......E N F O R C E {IT}.....???.....If One Does so Then I'm {ALL} IN.....If NOT.....Then It is What it is and No ONE will TRUST Any ONE......That's How It WORKS or Doesn't WORK......IMO
Blessings,Mountainman (8)=New Beginnings.....for those With........ I N T E G R I T Y
THOR: I think the saying goes "Absolute Power Corrupts Absolutely" - this may be true in the case.
Mountainman: Forgive My SARCASM......But Lagarde Opened the DOOR.....So......Who Will RUN the COUNTRIES/GOVERNMENTS.....???.....LOL (see article below)
Yes The REIGNS of those Who RULE have Always been GUILTY of CORRUPTION and Shall I Say of Recent DAYS.....Receiving QUESTIONABLE FUNDS for Ones Foundations or Trusts......Yah Ok.....We Shall See......
The Question ALWAYS Comes Down toWill Those Who Have The AUTHORITY......E N F O R C E {IT}.....???.....If One Does so Then I'm {ALL} IN.....If NOT.....Then It is What it is and No ONE will TRUST Any ONE......That's How It WORKS or Doesn't WORK......IMO
Blessings,Mountainman (8)=New Beginnings.....for those With........ I N T E G R I T Y
THOR: I think the saying goes "Absolute Power Corrupts Absolutely" - this may be true in the case.
PappaJ: IT IS AMAZING TO ME THAT WE ARE WATCHING ALL THE ARTICLES COME OUT ABOUT GLOBAL CORRUPTION BUT THERE ARE QUITE A NUMBER OF COUNTRIES THAT ARE NOT IN THE PUBLIC VIEW ,
WE JUST SAW THE PANAMANIAN PAPERS COME OUT AND WE SEE MANY FROM IRAQ , GREAT BRITAN BUT EVERYTHING HAS BEEN SQUASHED ABOUT AMERICAN INVOLVEMENT -----
HHHHUUUUMMMM COULD IT BE IT IS NOT OUR TURN YET ??????? TIMING IS EVERYTHING YA KNOW!!!!!
JUST WHO COULD BE ON THAT NAUGHTY LIST FROM INSIDE THE BELTWAY???? PJ
Thunderhawk: IMF: Global corruption costs trillions in bribes, lost growth
Public sector corruption siphons $1.5 trillion to $2 trillion annually from the global economy in bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty, the International Monetary Fund said on Wednesday.
In a new research paper, the IMF said that tackling corruption is critical for the achievement of macroeconomic stability, one of the institution's core mandates.
The Fund argues that strategies to fight corruption require transparency, a clear legal framework, a credible threat of prosecution and a strong drive to deregulate economies.
"While the direct economic costs of corruption are well known, the indirect costs may be even more substantial and debilitating," IMF Managing Director Christine Lagarde wrote in an essay accompanying the paper.
"Corruption also has a broader corrosive impact on society. It undermines trust in government and erodes the ethical standards of private citizens," Lagarde added.
The paper, titled "Corruption: Costs and Mitigating Strategies," follows Lagarde's warning to Ukraine in February that the IMF would halt its $17.5-billion bailout for the strife-torn eastern European country unless it takes stronger action to fight corruption, including new governance reforms.
Lagarde is due to participate in a British government-sponsored anti-corruption summit in London on Thursday that will include U.S. Secretary of State John Kerry and other senior officials including the presidents of Nigeria and Afghanistan.
Extrapolating from 2005 World Bank research, the paper estimated that around 2 percent of global gross domestic product is now paid in bribes annually. But it said corruption's indirect costs are substantially higher, reducing government revenues by encouraging tax evasion and reducing incentives to pay taxes, leaving less money available for public investments in infrastructure, health care and education.
While some argue that bribes are simply grease for the wheels of commerce, the IMF said that corruption often drives investment away from countries where it is rife and boosts lending costs.
Without naming any particular countries, the IMF said that dependence on non-renewable natural resources can often encourage corruption, as well as conflicts over control of them.
In helping its 189 member countries design and implement anti-corruption strategies, the Fund said it emphasizes the need for both appropriate incentives and deterrents.
The paper said stronger anti-corruption laws and prosecution capacity was needed, but also said that reduced regulations can limit bribe opportunities and provide companies more opportunity to grow without them.
"Wherever discretion is granted to an official regarding the approval of an economic activity, there is a risk that this discretion will be abused," Lagarde wrote.
http://ift.tt/1rGOpIr
**************
Mountainman: REMEMBER Where the DOLLAR was Last Year at this TIME.......Now It's Moving Slowly but Surely in the OPPOSITE Direction.....
It's Difficult to TREAD in the WATERS of SHARK INFESTED Areas o UNCERTAINTY......ONE Thing is CERTAIN though.....As the LIFE BLOOD of the FIAT DOLLAR Spreads Open Wider=Goes Down in VALUE.....
The SHARKS of Opportunity=Who Can AFFORD to....Will take GREATER Advantage of the MARKETS in TURMOIL......IMO
Blessings,Mountainman (8)=New Beginnings.......for GREAT WHITE SHARKS......
Thunderhawk: Asian shares edge down, take cue from Wall Street
http://ift.tt/1UUdVp3
************
BACKDOC: THE UNIVERSAL CURRENCY CONTINUES TO WORK ITS WAY UP THE LADDER! THE DOLLAR WILL EVENTUALLY MEET THE DAY OF RECKONING!
IT LOOKS LIKE THE END OF MAY IS SHAPING UP TO BE HISTORICAL! DOC IMO
Thunderhawk: U.S. Stocks Fall Amid Retailer Slump as Oil Climbs; Dollar Falls
http://ift.tt/1Wolx4R
************
BACKDOC: FIRST OF ALL IF WE LOOK AT THE PICTURE WE SEE JACK, JACK, JACK, AND MS. YELLEN IN THE BACKGROUND ALMOST AS IF SHE IS IN THE BACK SEAT!
DO WE SEE ANYTHING IN THIS ARTICLE ABOUT THE FED? MMMM NO!
IT SURE APPEARS IT'S ALL ABOUT THE TREASURY NOW! THEY ARE THE REAL GAME IN TOWN.
THE REAL PURPOSE HERE IS TO COLLECT MORE REVENUE.
I TOLD YOU ALL COUNTRIES WILL NOW HAVE TO BALANCE BUDGETS TO THE REVENUES THEREFORE EVERY COUNTRY IS DOING REFORMS AND LOOKING FOR WAYS TO CUT FRAUD AND ABUSE, AS WELL AS INCREASING NEW FORMS OF TAXES!
AND SOON THE REAL PAINFUL PART WILL BE THE CUTS! FOLKS WHO HAVE HAD A GOOD LIFE LIVING ON THE GOVT. BEING ABLE BODIED WILL LIKELY SEE CHANGES.
WILL THERE BE DESTABILIZATION IN SOME PLACES WHERE FOLKS LOSE THE HANDOUTS OR ARE REDUCED DRAMATICALLY? MMMM DOC IMO
Mountainman: Yes Yes Yes......New Tax Laws Await and Even Some Currently On the BOOKS are Lacking A Deeper Reach into The POOLS of DEPTH......
For YEARS that's How the ELITE have Hidden Behind the Curtains of REALITY.....{ALL} One Needs to Do is Watch (THE WIZARD of OZ).....Right....???......
So as the New Reality Unfolds they are Trying to Make TAX EVASION More Difficult and MORE RISKY w/HEAVIER CONSEQUENCES for Those Who want to CHEAT the System......IMO
Blessings,Mountainman (8)=New Beginnings......for NEW TAX EVASION RULES
PappaJ: WELL MAYBE I SPOKE TOO SOON ABOUT US CORRUPTION NOT BEING DEALT WITH===== JACK BE NIMBLE JACK YOU WERN'T TOO QUICK BUT AS I SAID TIMING IS EVERYTHING!!!!!! DAMAGE CONTROL FOR YOUR BOSS I SEE AS YOU JUMP OVER THE CANDLESTICK ---REMEMBER JACK IT WILL BURN YOU TOO!!!! PJ
Thunderhawk: Crooks, terrorists, tax evaders: Can new shell company rule stop them?
The U.S. Treasury Department wants to go after money launderers, tax evaders and terrorists by cracking open the shell companies they use to hide cash flows, but critics say a new agency effort to identify them could be easily evaded.
Treasury last week issued a new rule, effective in 2018, requiring financial institutions to obtain the identities of "beneficial owners" of their client companies and at least one senior manager. Financial firms will have to verify their identities through documents such as passports - but will not have to confirm their ownership stakes in the companies.
That could allow criminals to provide false information with little risk of getting caught, critics say.
"If a company has criminal intent, they are probably not going to file that their beneficial owner is ISIS," said Anders Rodenberg, who oversees relationships with financial firms in North America at Bureau van Dijk, a beneficial-ownership data provider. Read more at:
http://ift.tt/1WpeSay
************
BACKDOC: I THINK THE TIDE HAS FINALLY TURNED MORE NEGATIVE AS WE SEE RETAIL SPENDING FALLING OFF BIG NOW!
SELLING THE RALLIES ARE NOW BECOMING THE GAME!
IN OTHER WORDS TRADERS ARE SELLING SHORT THE RALLIES.
CHINA'S INFLATION IS FLATLINING BY MISSING FORECASTS AS WELL!
WELCOME TO DEFLATION! NOW DEBT BEGINS TO RISE! "PAIN PAIN" IT WILL RAIN! DOC IMO
Mountainman: Are We SEEING the PINK SLIP......for the DOLLAR YET......???......
Not YET IMO.......However,It's A MAJOR THEME in the Articles and Sometimes it Seems Redundant to Some......But the MAIN POINT is this {REALITY}, Which is The Point We Need to P O I N T To.......
We are In THE TIME or PRECURSOR to an APPOINTED TIME of Serious [TRANSITION].....and an APB is Out Everywhere=an (ALL) POINTS BULLETIN....
The WINDS Of Say WHAT is About to Change to.....SAY...."NOW".....Ouch....IMO
Blessings,Mountainman (8)=New Beginnings......for the FLASHING FASTEN YOUR SEAT BELTS .......SIGN
Thunderhawk: Dollar Dips From Two-Week High, Stocks in the Red
"The growth outlook remains tepid at best and visibility is poor. Sentiment is now very fragile with the instinctive reflexive 'buy on dips' that has served investors well is now being supplanted by 'sell the rally'," said Mike Ingram, market strategist at BGC Partners in London.
"And that is precisely what we are seeing today." Read more at:
http://ift.tt/1s1fLc0
WE JUST SAW THE PANAMANIAN PAPERS COME OUT AND WE SEE MANY FROM IRAQ , GREAT BRITAN BUT EVERYTHING HAS BEEN SQUASHED ABOUT AMERICAN INVOLVEMENT -----
HHHHUUUUMMMM COULD IT BE IT IS NOT OUR TURN YET ??????? TIMING IS EVERYTHING YA KNOW!!!!!
JUST WHO COULD BE ON THAT NAUGHTY LIST FROM INSIDE THE BELTWAY???? PJ
Thunderhawk: IMF: Global corruption costs trillions in bribes, lost growth
Public sector corruption siphons $1.5 trillion to $2 trillion annually from the global economy in bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty, the International Monetary Fund said on Wednesday.
In a new research paper, the IMF said that tackling corruption is critical for the achievement of macroeconomic stability, one of the institution's core mandates.
The Fund argues that strategies to fight corruption require transparency, a clear legal framework, a credible threat of prosecution and a strong drive to deregulate economies.
"While the direct economic costs of corruption are well known, the indirect costs may be even more substantial and debilitating," IMF Managing Director Christine Lagarde wrote in an essay accompanying the paper.
"Corruption also has a broader corrosive impact on society. It undermines trust in government and erodes the ethical standards of private citizens," Lagarde added.
The paper, titled "Corruption: Costs and Mitigating Strategies," follows Lagarde's warning to Ukraine in February that the IMF would halt its $17.5-billion bailout for the strife-torn eastern European country unless it takes stronger action to fight corruption, including new governance reforms.
Lagarde is due to participate in a British government-sponsored anti-corruption summit in London on Thursday that will include U.S. Secretary of State John Kerry and other senior officials including the presidents of Nigeria and Afghanistan.
Extrapolating from 2005 World Bank research, the paper estimated that around 2 percent of global gross domestic product is now paid in bribes annually. But it said corruption's indirect costs are substantially higher, reducing government revenues by encouraging tax evasion and reducing incentives to pay taxes, leaving less money available for public investments in infrastructure, health care and education.
While some argue that bribes are simply grease for the wheels of commerce, the IMF said that corruption often drives investment away from countries where it is rife and boosts lending costs.
Without naming any particular countries, the IMF said that dependence on non-renewable natural resources can often encourage corruption, as well as conflicts over control of them.
In helping its 189 member countries design and implement anti-corruption strategies, the Fund said it emphasizes the need for both appropriate incentives and deterrents.
The paper said stronger anti-corruption laws and prosecution capacity was needed, but also said that reduced regulations can limit bribe opportunities and provide companies more opportunity to grow without them.
"Wherever discretion is granted to an official regarding the approval of an economic activity, there is a risk that this discretion will be abused," Lagarde wrote.
http://ift.tt/1rGOpIr
**************
Mountainman: REMEMBER Where the DOLLAR was Last Year at this TIME.......Now It's Moving Slowly but Surely in the OPPOSITE Direction.....
It's Difficult to TREAD in the WATERS of SHARK INFESTED Areas o UNCERTAINTY......ONE Thing is CERTAIN though.....As the LIFE BLOOD of the FIAT DOLLAR Spreads Open Wider=Goes Down in VALUE.....
The SHARKS of Opportunity=Who Can AFFORD to....Will take GREATER Advantage of the MARKETS in TURMOIL......IMO
Blessings,Mountainman (8)=New Beginnings.......for GREAT WHITE SHARKS......
Thunderhawk: Asian shares edge down, take cue from Wall Street
http://ift.tt/1UUdVp3
************
BACKDOC: THE UNIVERSAL CURRENCY CONTINUES TO WORK ITS WAY UP THE LADDER! THE DOLLAR WILL EVENTUALLY MEET THE DAY OF RECKONING!
IT LOOKS LIKE THE END OF MAY IS SHAPING UP TO BE HISTORICAL! DOC IMO
Thunderhawk: U.S. Stocks Fall Amid Retailer Slump as Oil Climbs; Dollar Falls
http://ift.tt/1Wolx4R
************
BACKDOC: FIRST OF ALL IF WE LOOK AT THE PICTURE WE SEE JACK, JACK, JACK, AND MS. YELLEN IN THE BACKGROUND ALMOST AS IF SHE IS IN THE BACK SEAT!
DO WE SEE ANYTHING IN THIS ARTICLE ABOUT THE FED? MMMM NO!
IT SURE APPEARS IT'S ALL ABOUT THE TREASURY NOW! THEY ARE THE REAL GAME IN TOWN.
THE REAL PURPOSE HERE IS TO COLLECT MORE REVENUE.
I TOLD YOU ALL COUNTRIES WILL NOW HAVE TO BALANCE BUDGETS TO THE REVENUES THEREFORE EVERY COUNTRY IS DOING REFORMS AND LOOKING FOR WAYS TO CUT FRAUD AND ABUSE, AS WELL AS INCREASING NEW FORMS OF TAXES!
AND SOON THE REAL PAINFUL PART WILL BE THE CUTS! FOLKS WHO HAVE HAD A GOOD LIFE LIVING ON THE GOVT. BEING ABLE BODIED WILL LIKELY SEE CHANGES.
WILL THERE BE DESTABILIZATION IN SOME PLACES WHERE FOLKS LOSE THE HANDOUTS OR ARE REDUCED DRAMATICALLY? MMMM DOC IMO
Mountainman: Yes Yes Yes......New Tax Laws Await and Even Some Currently On the BOOKS are Lacking A Deeper Reach into The POOLS of DEPTH......
For YEARS that's How the ELITE have Hidden Behind the Curtains of REALITY.....{ALL} One Needs to Do is Watch (THE WIZARD of OZ).....Right....???......
So as the New Reality Unfolds they are Trying to Make TAX EVASION More Difficult and MORE RISKY w/HEAVIER CONSEQUENCES for Those Who want to CHEAT the System......IMO
Blessings,Mountainman (8)=New Beginnings......for NEW TAX EVASION RULES
PappaJ: WELL MAYBE I SPOKE TOO SOON ABOUT US CORRUPTION NOT BEING DEALT WITH===== JACK BE NIMBLE JACK YOU WERN'T TOO QUICK BUT AS I SAID TIMING IS EVERYTHING!!!!!! DAMAGE CONTROL FOR YOUR BOSS I SEE AS YOU JUMP OVER THE CANDLESTICK ---REMEMBER JACK IT WILL BURN YOU TOO!!!! PJ
Thunderhawk: Crooks, terrorists, tax evaders: Can new shell company rule stop them?
The U.S. Treasury Department wants to go after money launderers, tax evaders and terrorists by cracking open the shell companies they use to hide cash flows, but critics say a new agency effort to identify them could be easily evaded.
Treasury last week issued a new rule, effective in 2018, requiring financial institutions to obtain the identities of "beneficial owners" of their client companies and at least one senior manager. Financial firms will have to verify their identities through documents such as passports - but will not have to confirm their ownership stakes in the companies.
That could allow criminals to provide false information with little risk of getting caught, critics say.
"If a company has criminal intent, they are probably not going to file that their beneficial owner is ISIS," said Anders Rodenberg, who oversees relationships with financial firms in North America at Bureau van Dijk, a beneficial-ownership data provider. Read more at:
http://ift.tt/1WpeSay
************
BACKDOC: I THINK THE TIDE HAS FINALLY TURNED MORE NEGATIVE AS WE SEE RETAIL SPENDING FALLING OFF BIG NOW!
SELLING THE RALLIES ARE NOW BECOMING THE GAME!
IN OTHER WORDS TRADERS ARE SELLING SHORT THE RALLIES.
CHINA'S INFLATION IS FLATLINING BY MISSING FORECASTS AS WELL!
WELCOME TO DEFLATION! NOW DEBT BEGINS TO RISE! "PAIN PAIN" IT WILL RAIN! DOC IMO
Mountainman: Are We SEEING the PINK SLIP......for the DOLLAR YET......???......
Not YET IMO.......However,It's A MAJOR THEME in the Articles and Sometimes it Seems Redundant to Some......But the MAIN POINT is this {REALITY}, Which is The Point We Need to P O I N T To.......
We are In THE TIME or PRECURSOR to an APPOINTED TIME of Serious [TRANSITION].....and an APB is Out Everywhere=an (ALL) POINTS BULLETIN....
The WINDS Of Say WHAT is About to Change to.....SAY...."NOW".....Ouch....IMO
Blessings,Mountainman (8)=New Beginnings......for the FLASHING FASTEN YOUR SEAT BELTS .......SIGN
Thunderhawk: Dollar Dips From Two-Week High, Stocks in the Red
"The growth outlook remains tepid at best and visibility is poor. Sentiment is now very fragile with the instinctive reflexive 'buy on dips' that has served investors well is now being supplanted by 'sell the rally'," said Mike Ingram, market strategist at BGC Partners in London.
"And that is precisely what we are seeing today." Read more at:
http://ift.tt/1s1fLc0
BACKDOC: THIS IS VERY INTERESTING TO ME!
WHEN I SAW THAT THE FIRST DIGITAL BANKING SERVICE STARTED IN VIETNAM I WANTED TO SAY WE HAVE A RATE THERE BUT ON FURTHER CONTEMPLATION I BELIEVE THE RATE IS STILL THE SAME UNTIL ALL COUNTRIES MAKE THE SWITCH!
IT HAS TO GIVE YOU CHILLS OF EXCITEMENT IF YOU CAN STILL FOG A MIRROR! BAAA HAAA
SERIOUSLY! SLAP! THAT FLAT GETS ME EXCITED BECAUSE WE HAVE TO BE VERY CLOSE TO WHEN RATES WILL CHANGE VALUE!
HELLO DIGITAL GOOD BYE FIAT! WELCOME TO THE NEW REALITY!
LET'S GET DIGITAL, DIGITAL,.....DOC IMO
Mountainman: As NEW VALUES Approach their Spot on the GLOBAL STAGE.....D I G I T A L will SPELL ASSET BACKED REALITY for Countries....
.
Vietnam and {ALL} Other Countries are DESTINED for this GLOBAL BANKING Change.....It's A GOOD Sign for What We Wait to See as Well......IMO
Blessings,Mountainman (8)=New Beginnings......for........ D I G I T A L
Thunderhawk: Vietnam: First digital bank service opens
Timo, the first digital bank service in Vietnam, was officially launched late last week in Ho Chi Minh City.
Developed by the Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) and Global Online Financial Solution, Timo is the first bank service in the country without branches or traditional transaction offices.
All services, including ATM cards, opening of saving accounts and payment to accounts, will be done online though mobile banking applications on smartphones or at the website http://my.timo.vn.
Money sent to Timo will be kept at VPBank to ensure security, the bank said.
All activities, including transfer of money, opening and closing accounts and account statements, are provided free.
VPBank said the company would first develop the service in Ho Chi Minh City and later open in Hanoi in October
http://ift.tt/1Xn7kEa
WHEN I SAW THAT THE FIRST DIGITAL BANKING SERVICE STARTED IN VIETNAM I WANTED TO SAY WE HAVE A RATE THERE BUT ON FURTHER CONTEMPLATION I BELIEVE THE RATE IS STILL THE SAME UNTIL ALL COUNTRIES MAKE THE SWITCH!
IT HAS TO GIVE YOU CHILLS OF EXCITEMENT IF YOU CAN STILL FOG A MIRROR! BAAA HAAA
SERIOUSLY! SLAP! THAT FLAT GETS ME EXCITED BECAUSE WE HAVE TO BE VERY CLOSE TO WHEN RATES WILL CHANGE VALUE!
HELLO DIGITAL GOOD BYE FIAT! WELCOME TO THE NEW REALITY!
LET'S GET DIGITAL, DIGITAL,.....DOC IMO
Mountainman: As NEW VALUES Approach their Spot on the GLOBAL STAGE.....D I G I T A L will SPELL ASSET BACKED REALITY for Countries....
.
Vietnam and {ALL} Other Countries are DESTINED for this GLOBAL BANKING Change.....It's A GOOD Sign for What We Wait to See as Well......IMO
Blessings,Mountainman (8)=New Beginnings......for........ D I G I T A L
Thunderhawk: Vietnam: First digital bank service opens
Timo, the first digital bank service in Vietnam, was officially launched late last week in Ho Chi Minh City.
Developed by the Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) and Global Online Financial Solution, Timo is the first bank service in the country without branches or traditional transaction offices.
All services, including ATM cards, opening of saving accounts and payment to accounts, will be done online though mobile banking applications on smartphones or at the website http://my.timo.vn.
Money sent to Timo will be kept at VPBank to ensure security, the bank said.
All activities, including transfer of money, opening and closing accounts and account statements, are provided free.
VPBank said the company would first develop the service in Ho Chi Minh City and later open in Hanoi in October
http://ift.tt/1Xn7kEa
via Dinar Recaps - Our Blog http://ift.tt/1s1fLc1
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