Institutional investors haven't helped good movies like the kind I make come to screen either!
Easy to believe - the shitholes are usually the most expensive places for expats to live, as there's a huge divide between the haves and the have-nots. The elite are ludicrously wealthy and thus businesses that exist to serve them charge big bucks.
What now? How do I do this? Besides the whole living on the dark continent?A friend of mine used to live in Accra, in Ghana, and was earning something like US$200 000/year tax free back in the late 1990s while working in the mining industry in Africa. He shovelled a fair bit of money away in a bank account in the Channel Islands, but he said that he also spent a lot of money living in Accra and when visiting Cote d'Ivoire and other surrounding countries. Eating out in decent restaurants (pretty much the only good restaurants were in luxury, upmarket hotels), buying decent whisky or other spirits, or getting name-brand clothing all came at a massive premium compared to what we were paying in Australia at the time.
Are you a geologist or a mining engineer?What now? How do I do this? Besides the whole living on the dark continent?
I like it. I could expat in South America.Are you a geologist or a mining engineer?
Do you enjoy living a life of deprivation out in the backblocks of poverty-stricken countries that are rife with nasty diseases, interspersed with bouts of ludicrously expensive, drunken hedonism in the decrepit, poverty-stricken capital cities of those countries?
If so, a career as a mining expat may be for you!
The same friend now lives in Lima, in Peru (he switched continents from Africa to South America about ten years back). He seems to be enjoying himself there but he now worries about security as there have been a couple of kidnap attempts on his wife and child over the past few years. I guess if you're a gringo who works for a multi-national company and you're on a few hundred thousand dollars a year, the non-elite may see you as a potential cash-cow.
Apparently, every time he leaves the house, he wears a Glock 9mm pistol in a shoulder holster under his jacket.
You should!Shit, now I want to go to Japan.
Well, you can visit Fukushima if you like.Aww, how come I can't visit fukashima?
Great piece. Explains it better than my rants.The Three Types of People Who Wind Up Rich and How They Destroy the Wealth of Others | Ian Welsh
How Concentrated Wealth Destroys Widespread Prosperity (Part 1)
This is a good one for both OfficePants and Zé Ferreira
And:They are especially against high taxation of unearned income, because their advantage is unearned income–their houses, stock portfolios, bonds, and so on. Their money makes money.
And:The first concern for someone who is wealthy is getting protection from whoever is politically powerful. Government, if you wish, though it can be warlords or Kings or the local tribe, depending on the culture. They need sanction to keep what they have.
This is especially true of businesses which aren’t natural monopolies: selling weapons to the government, for obvious reasons, or; selling music, which could be copied by anyone (say hello to copyright laws); being a lawyer and not wanting too many other people to act as lawyers (say hello to bar exams and law schools); selling genetically modified food of which people are scared (make GMO labeling illegal). Creating money out of thin air, which is what banks, brokers and so on do, might be considered the ultimate monopoly. They sure don’t want Joe Blow to be able to say “I have one hundred thousand dollars, and if Goldman Sachs (in the 00′s) can create money through leverage at 41/1, I can too.”
Creating and lending money is a valuable perogative, one worth defending.
Anywhere Capital has consensus, if they have been able to buy the system, it is virtually impossible to do anything against their consensus.
Gays have rights because it’s not important to most rich and powerful people that they don’t; and it is important to some of them (say, Tim Cook) that they do.
Effective wages have stagnated or dropped for over 40 years now because it is important to most rich and powerful people that they do; your wages are their costs.
Of course now, they can afford clever lawyers, and they contribute to campaigns. If Obama wanted them jailed, he would have told the atty general to go after them. Fines are easy since banks can just invent money to cover it.
A few days ago I received an e-mail from my [bank] business standards officer...
The bank itself has repeatedly been forced to admit that it has engaged on huge-scale dishonesty that has cost it billions in fines and reparations (though I am not quite sure how much faith as to their sincerity or justification I should place in such admissions)...
Given the bank’s recent history it would make more sense for me to make sure the bank was not laundering money; and in fact I replied to the business standards officer by e-mail asking him to telephone me so that I could ask him a few security questions. Where did he live? How old was he? How was I to know that the telephone number and address on the e-mail really was from the bank, and that the e-mail was not a scam organised by a Nigerian or Congolese? During the prolonged period of the bank’s admitted malfeasances, did he receive any bonuses? Etc., etc..
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It's a big club, and we're not in it.I heard about the banks paying fines for manipulating markets. That's it!? is what I screamed at my radio. Now America is going to push through TPP, so kiss your sorry asses goodbye, Obama is going to ice-pick America in the back. Welcome to the land of the free to do what we tell you and home of the slave.
Ron Paul: Americans are unprepared but i can prepare them.Obviously the elite have been planning to destroy the dollar before runaway global warming hits:
"Oh I don't know. Is it that collectively that we thought Steve Jobs was a great man, even though we knew he made billions off the backs of children. Or maybe it's that it feels like all our heroes are counterfeit. The world itself is just one big hoax, spamming each other with our running commentary of bullshit masquerading as insight. Our social media faking as intimacy. Or is it that we voted for this? Not with our rigged elections, but our things, our property, our money. I'm not saying anything new, we all know why we do this. Not because Hunger Games makes us happy, but because we wanna be sedated. Because it's painful not to pretend. Because we're cowards. Society."