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Where do I start? Do you really believe Niall Ferguson when he says that all trade is good trade? But let me address the hidden money issue. I worked for one m
by MrTonyD 11y ago
Where do I start? Do you really believe Niall Ferguson when he says that all trade is good trade?
But let me address the hidden money issue. I worked for one multi-billionaire who set up offshore "parts" manufacturing to act as a middle man supplier to offshore companies. He inflated the costs to the company so that he and the other executives could extract billions.
At another company offshore "services" were set up to do various fake consulting engagements. We are talking billions and billions for the executives.
There were literally mazes of offshore companies through different countries, with many different classes of stock - owned by various groups of executives, bankers, and competitors (as payments for helping kill common competitors or dropping products to create effective monopolies in market segments.)
So maybe you really believe the things you're saying...they are the standard propaganda. But I've been working with the guys who have figured out how to legally hide their money - so I know better.
- dylanjermiah 11y agoYou haven't adressed any of the points I made, please take another look at them and address them individually. Your anecdote was hazy, unspecific and irrelevant.
- MrTonyD 11y agoThis is just a comment section - not an economics class or a tutorial on offshore stocks and derivatives and their potential applications. If you find my comments irrelevant you should just ignore them - I'll do the same for you.
- dylanjermiah 11y agoIn other words, you'd rather spit out a meaningless incoherent story than bother to address and of the points I made.