Archived posting to the Leica Users Group, 2011/05/21
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Richard, Have any of you ever wondered how a small, landlocked country with no natural assets except a few mountains and cows spawned countless multinationals and enjoys one of the highest standards of living in the world? The simple answer is access to ultra cheap capital - all 'flight capital' created by every criminal and unethical means known to man. When I was still a banker 20+ years ago, Swiss banks used to charge a negative rate of interest, i.e. you had to pay them to accept a deposit from you! Cheers Jayanand On Sat, May 21, 2011 at 11:23 AM, Richard Man <richard at imagecraft.com>wrote: > I guess this means that there is less corruption in US (ha ha ha) than > India, or the perpetrators (*coughwallstreetcough) don't need to hide their > money. > > On Fri, May 20, 2011 at 7:42 PM, Jayanand Govindaraj <jayanand at gmail.com > >wrote: > > > It also happened during the Second World War, but the big beneficiaries > > were > > the Swiss banks - who just swallowed up all the untraceable German Jewish > > money (and assets, like works of art) lying there, and furthermore, did > the > > same to all the dirty money and assets kept there when the Nazis went > belly > > up. Neutrality really does have its uses! They really are the actual axis > > of > > evil in this world, because no tinpot dictator or jihadist or drug don > can > > become what they are without their help. They are now refusing to give > > India > > the names of illegal depositors because 'tax evasion' is not a crime in > > Switzerland - it is rumoured to be around 1-1.5 trillion dollars of > > deposits > > mainly arising from illegality and loot, so there is good reason for them > > not to divulge anything! The US had a pittance, so they divulged > everything > > relevant to the US authorities. > > Cheers > > Jayanand > > > > > > > > > -- > // richard <http://www.imagecraft.com/> > // icc blog: <http://imagecraft.com/blog/> > // richard's personal photo blog: <http://www.5pmlight.com> > [ For technical support on ImageCraft products, please include all previous > replies in your msgs. ] > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information >