Greece and Portugal can sell their gold reserves, the price is very high and that fuels speculation. By putting their gold onto the market gradually, they can keep up with loan repayments. Government spending is necessary during a recession or businesses could change their behaviour. Like paying taxes. Like buying gold reserves and opening offices in countries like Greece.
The rise of the global corporate has enabled cross border legal theft of taxes from the economies of many countries. Is this a pressure from the one-world-government Bilderberg conference confirming years of conjecture by “conspiracy theorists”? Or is the intent to create corporations that exist outside the rule of law? What will stop them becoming feral when even under the auspices of the US government, we had rife corporate misdealings such as Enron and MCI who falsified accounting information to keep share prices suspended higher than they should have been, attracting investment they basically ended up wasting. Or Lehman Brothers who made very irrational decisions with bound to fail one day securitization deals. Corporate theft by Bernie Maddoff happening right under the collective noses of law enforcement, the Inland Revenue Service, the banks and Wall Street.
What if a multi trillion global corporation falls into the hands of corruption? How will that damage every nation states’ progress and growth? Or is that already happening – for example who is motivated to write thousands of computer viruses? Corporate criminals would have the skills. The Mafia probably do not. The West (and Google) point fingers at the Chinese Government. Corporations are more likely to gain from harming their competitors. Is there a war between China and the West? Not really, no. No evidence of that, but are there corporations who have proven they are not to be trusted? Lots.
So instead of regulating the high flyers to merely protect the public from expedential uninsurable risk they pose, why not regulate corporations at the international level to make them more responsible to trade balances and the well being of all?
Why not give the very largest corporations humanitarian projects and social responsibility?
America can get out of debt tomorrow. How? By selling its corporations.