Black Books: EU shadow economy booms as austerity bites
Economy | Information | History | Online | Facts | World | Global | Money
As if austerity, rising poverty and joblessness weren't enough - the EU's facing another crisis from its own shadow economy. In Spain alone, up to 30 per cent of business is now hidden from government and tax inspectors. And, as RT's Tesa Arcilla found out across the bloc, it's getting worse. RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
Comments
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shhhh, America's masters "the feds ie central banks" will be sending Al'Qaida to start a civil war, or have they already. ooops i forgot it's not Al'Qaida anymore it's obama's muslim brother=hood terrorrists. oh well they all work for the same "evil" oops i mean elite people.
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you forget argentina
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So, if they transact legally, they get their economic energy, money, parasitically drained at a significant rate. Of course they have a growing black market economy. This allows the people to keep more of their own energy flowing through the goods and services part of the economy, their job output. There is a way now to sever the parasitic relationship. Bitcoin is a global, open source, peer to peer monetary exchange system that people can use to make transactions without middlemen or taxes.
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I will unconfuse you~ National spending on infrastructure defence anywhere in world is a fraud-and well known too!. Exact same thing for National Health Care~ Anywhere!. And entire systems are publicly talking about going private as in private or classified national defence- same with health care~ smelling corruption?!!!.
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It is expensive, unwise + inefficient for federal gov. to control insurances and helps. It sets up fraud, abuse, inequality, injustice, oppression and control by government. God commanded we care for others through families and communities. Gov. helps like Socialism + Communism rob us of personal relationships. Goal is love and joy, relationships strengthened by helping. Our glorified slavery causes disease + death; a garden paradise lifestyle frees, heals us + is sustainable. Divine-Way com
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Welcome to the 3rd world.
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decentralization is essential in my opinion, communitys have always worked the best, because of accountability as you said. perhaps its just time to give up on the idea of national identity and governance, after all it has created more problems than it solved. as for the rich they too will be accountable in a community, they cant remain faceless corporations for ever. this how humanity functions best, radical perhaps but true. taxes, voluntary contributions or charity its just a choice
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Strange that the real on the street economy is called a "shadow economy" and all the shady deals by mega-banks are legit.
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After shadow economy, it'll be the Dark Matter economy. (when they go full bitcoin)
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"Bank Melli Iran is one reason why the global markets are failing." Lol, do you believe any of the shit you put out, hasbara drone?
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Money is not physics and you advocate a sociopathic system ("free markets")...
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So now the man in the street finally says, you know what, and that's a shadow economy. I guess it is rather people that show the will and courage to make a living, while they obviously show that it can be done without kleptocrats and utterly corrupt bankers. We're sick of people who imitating Rothschild & Co.. We want to live, decent.
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...money is like water. It follows the path of least resistance. If it gets "blocked" by stupid government regulations, it will swell and eventually, ... break the "dam"! ...it's simple physics, you govt. dumbasses!!
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Bank Melli Iran is one reason why the global markets are failing. Bank Melli Iran is run by the Jafari family that also runs Iran. They have been linked to terrorist groups and they profit from wars in the Middle East. Bank Melli Iran has been involved in eccomonic spying and bond sharing.
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... I also don't think it's a problem of "human nature", which I think is just an excuse to hide the fact that our behavior can easily be manipulated by changing our environment. A big problem with fighting the abuse by the rich is that even they are not intrinsically bad people, their behavior is. Even they are conditioned into their behavior. The typical American (Christian) culture of dividing everything into good and evil only helps to hide that many good people are trained into doing bad.
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We both agree on empires not being a solution, but how does that relate to government and taxes being categorically bad? Personally, I believe that if government (and its accountability) is kept local it can function well (if not only because the neighbor will lynch you if you screw him over personally). On a local scale even a large government doesn't have be exploitive. However, a dilemma is that totally no governance on a national/international scale also leads to exploitation by the rich...
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Collective fund is the very thing that whole country is built upon. Taxes all go to a single place before being distributed. Can't avoid it. Democracy seems to only apply to electing government officials but any kind of work is ALWAYS a dictatorship. But when someone grabs a lot thats greed and ANY system, irrespective of how well thought out, will fail if greed corrupts it.
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Do you have any idea how hyperinflationary that would be?
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perhaps it is dogmatic, but the rise and fall of empires is undeniable, you have not offended me, i just think that empires of any kind are not a solution, in fact they have stunted human evolution from coming up with any alternative for peaceful co habitation of the planet, and to say its human nature is not a legitimate argument because it was human nature and inventiveness that got us to the stage of becoming a dominant species, i just have not given up on individuality and cooperation yet
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Don't bail out the banks stop paying compound interest on debt and don't let anyone but the government print the money!
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