Wednesday, April 30, 2014

FEAR OF 7/1 STALKS OFFSHORE DEPOSITORS


What does it matter to we the people of the pavement, the paycheck and the payments if multinationals, money managers and moguls suddenly find they can't stash their cash offshore without paying a huge penalty?

The pundits make it sound like the end of the world because, they say, the dollar will take yet another nose dive off the high dive into an empty pool of evaporated liquidity.


The result? No longer will it be necessary for the world's trading nations to deal in dollars before investing their currency in consignments of petroleum or wheat, cocoa or sugar, coal or liquid propane…

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