muses of the moment

July 19, 2014

Double-standard

Filed under: Economic Crisis, MF Global bankruptcy, Odds 'n ends — totallygroovygirlfriday @ 1:11 am

The leaked international trade agreement or TISA from June 2014, click here, seems to be a double standard. Individuals can not move money internationally, avoid taxes, heavy fees or trust their info is private, but too big to fail can.

I think international “sanctions” will be a guise for controlling individual money, but the too big to fail will continue to move money, launder money, and collect data. Brilliant.

On a positive note, more individuals will be forced to invest money locally. It is estimated that 50-90% of invested money is lost when it has to “go through” a third party’s hands, such as bank, broker, government, mutual fund, hedge fund, etc. Direct money from you to your local store, tradesman or business ends up creating more capital in the big picture. One reason why groovygirl likes this direct internet fund/business investing trend. But you still have to do your due diligence.

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