Kuwait drops dollar - Page 6

P_Funk · 06-02-07, 01:36 AM

Quote:

Originally Posted by Heibges

George Bush Sr. and Bill Clinton seemed to have finally gotten the deficit under control, and now we are living fast and loose with our finances. It's also a shame that Bush Sr. doesn't generally get his due in the process, because when he raised taxes Bush Sr. reversed that Reagan nonsense of Trickle Down economics, or as Bush Sr. himself said Voodoo Economics.

Trickle down all the way to Grand Cayman, Nassau Bahamas, and the Isle of Mann.

:rotfl::rotfl::rotfl::rotfl:
Nice.

The Avon Lady · 06-03-07, 01:31 AM

Quote:

Originally Posted by Heibges

Quote:

Originally Posted by The Avon Lady

Quote:

Originally Posted by Smaragdadler

Quote:

Halliburton's Dubai Move Sparks Outcry Members Of Congress Criticize Move As Insult To U.S. Soldiers And Taxpayers DUBAI, United Arab Emirates, March 12, 2007 (CBS/AP) U.S. oil services firm Halliburton Co. is shifting its corporate headquarters and chief executive from Houston to Dubai in a move that immediately sparked criticism from U.S. members of Congress. Halliburton Chief Executive Dave Lesar, speaking at an energy conference in nearby Bahrain, said he will relocate to Dubai from Texas to oversee Halliburton's intensified focus on business in the Mideast and energy-hungry Asia, home to some of the world's most important oil and gas markets. [...] http://www.cbsnews.com/stories/2007/...n2558620.shtml

What was it, that rats had do to with ships? :hmm:

Yeh. Who ever would have thought that Halliburton is moving its HQ to where their main business profits and lower tax rates are?! Nah!

Most companies only feel the need to incorporate in Rhode Island.

I don't know what "most" means but in this day and age, a US oil-industry company heavily invested in a global economy moving more-than-offshore to retain possibly billions more in earnings is common business sense.

This is what's stretching the US economy - not oil linkage to dollars or euros - and it affects every major industry.

Heibges · 06-03-07, 10:51 AM

Quote:

Originally Posted by The Avon Lady

Quote:

Originally Posted by Heibges

Quote:

Originally Posted by The Avon Lady

Quote:

Originally Posted by Smaragdadler

Quote:

Halliburton's Dubai Move Sparks Outcry Members Of Congress Criticize Move As Insult To U.S. Soldiers And Taxpayers DUBAI, United Arab Emirates, March 12, 2007 (CBS/AP) U.S. oil services firm Halliburton Co. is shifting its corporate headquarters and chief executive from Houston to Dubai in a move that immediately sparked criticism from U.S. members of Congress. Halliburton Chief Executive Dave Lesar, speaking at an energy conference in nearby Bahrain, said he will relocate to Dubai from Texas to oversee Halliburton's intensified focus on business in the Mideast and energy-hungry Asia, home to some of the world's most important oil and gas markets. [...] http://www.cbsnews.com/stories/2007/...n2558620.shtml

What was it, that rats had do to with ships? :hmm:

Yeh. Who ever would have thought that Halliburton is moving its HQ to where their main business profits and lower tax rates are?! Nah!

Most companies only feel the need to incorporate in Rhode Island.

I don't know what "most" means but in this day and age, a US oil-industry company heavily invested in a global economy moving more-than-offshore to retain possibly billions more in earnings is common business sense.

This is what's stretching the US economy - not oil linkage to dollars or euros - and it affects every major industry.

Sorry, it was joke. Rhode Island has the most favorable laws for incorporation in the United States, so many companies incorporate there for this reason. Also, you don't need a physical office in Rhode Island to incorporate there. Rhose Island is also probably the most corrupt state in the United States.

And your other point is quite correct. In the United States, even a simple Non-W2 millionaire lacks prudence if he doesn't keep his assets offshore. I used to work as a salesman for a tax lawyer who specialized in offshore investments. When he told me who to look for it was "stupid non-W2 millionaires with lazy CPA's".

Since Halliburton will not longer be incorporated in America, I would hope they would be stripped of all their contacts, and those contracts given to American tax-paying companies.

So bully for Halliburton that they are screwing the US Government and taxpayers out of more money. Plus now they can hide all their documents overseas. Again, bully for them.

Skybird · 06-03-07, 04:36 PM

As a matter of fact, big business today thinks and acts globally, not nationally, while politics still is nationally. That's why economny successfully evades politically control in a nation and must not care for social responsebilities it owes to the national communties who once brought it up and fostered it - it evades onto the global level, leaves responsebilities behind, moves to international places that are more friedly to it's interest, and it rotates it's money and activities around the globe 24h a day, following the dawning sun day by day. And that is the reason why political control, bound to the national level, and voter's decisions, more and more got weakened in past years and economy today is the real controlling power of today's goings. No wonder that economy finds globalization such a great thing! It does not care for the misery it creates in your country. Or my country. Or any country.

Countries have become close to irrelevant. Corporation is the name of the new age.

06-03-07, 04:36 PM	#79
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,707 Downloads: 10 Uploads: 0	As a matter of fact, big business today thinks and acts globally, not nationally, while politics still is nationally. That's why economny successfully evades politically control in a nation and must not care for social responsebilities it owes to the national communties who once brought it up and fostered it - it evades onto the global level, leaves responsebilities behind, moves to international places that are more friedly to it's interest, and it rotates it's money and activities around the globe 24h a day, following the dawning sun day by day. And that is the reason why political control, bound to the national level, and voter's decisions, more and more got weakened in past years and economy today is the real controlling power of today's goings. No wonder that economy finds globalization such a great thing! It does not care for the misery it creates in your country. Or my country. Or any country. Countries have become close to irrelevant. Corporation is the name of the new age. __________________ If you feel nuts, consult an expert.