A far-reaching new study suggests a staggering $21tn in assets has been lost to global tax havens. If taxed, that could have been enough to put parts of Africa back on its feet – and even solve the euro crisis, writes Heather Stewart
"We seriously need to hit the Cntrl-Alt-Delete button on government. This is total insanity and we are losing absolutely everything that made society function. Once they eliminate CASH, they will have total control over who can buy or sell anything."
Greece is not being asked to swallow many bitter pills in exchange for a realistic plan of economic revival, they are asked to suffer so that others in the European Union can go on dreaming their dream undisturbed.
In short, the era the phony recovery narrative has come unhinged. We have no entered a cycle of actual price discovery in which financial assets fall to more accurate values. This will eventually result in a stock market crash, very likely within the next 12 months.
Desdemona Despair is the clearinghouse for all of the very worst news about the future of life on Earth, such as global warming, climate change, deforestation, overfishing, acidification, oil spills, resource depletion, drought, pollution, overpopulation, dead zones, mass extinction, and doom.
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