Tag Archives: bond
In Bondage
Posted by on Jul 28, 2012
When the State spends more money than it receives in taxes — a fact indelibly written into the bond — it is deliberately committing an act of bankruptcy. The use of the word investment in connection with a bond issued by the State is a treacherous euphemism. Read more of this post
The Trojan Börse
Posted by on Nov 18, 2011
An article in EU Business states that figures from a report by European Commission experts seconded to Athens to help reform Greece’s economy, reveal that Sixty billion euros of unpaid taxes – of which 30 billion is in pending tax cases – are outstanding in Greece. With a backlog of some 165,000 tax files to be processed, the EU “task force” chief Horst Reinchenbach is not optimistic on the prospect of retrieving these pending taxes. The report also adds that it intends to ‘re-direct unclaimed EU grants to boost flagship development projects’. Read more of this post
Those Bonded Buy Bonds
Posted by on Jan 24, 2011
An article by Frank Chodorov with the title Don’t buy Government Bonds is republished by the Ludwig Von Mises Institute. The following is an abridged version of that article, the original having appeared in Out of Step: The Autobiography of an Individualist (1962), which was a collection of essays and the last of Frank Chodorov’s books published during his lifetime. You may, or may not, be relaxed about the Government issuing bonds, as may be your attitude to the issue of Eurobonds. In the latter case it is your government that is buying Eurobonds on your behalf and if you are a taxpayer you are bonded to buy these bonds. Read more of this post
Aasof’s Reflections 