Debt jubilee

Discussion in 'Markets & Economies' started by mmm....shiney!, Apr 20, 2020.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    ATO wiped $10G off the amount of tax debt outstanding from our BAS. We won't be alone, very low threshold.

    That's fiscal policy in action.
     
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  2. dragafem

    dragafem Well-Known Member Silver Stacker

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    I just got an email that apparently IMF and World bank cancelled all the debts for all the countries. I cannot confirm this with a link but soon as I have it I will post it here.If this is true it would explain all the cash plash in any country...(wonder whats behind it)

    just read the story again and it is for 111 countries...
     
    Last edited: Apr 20, 2020
  3. leo25

    leo25 Well-Known Member Silver Stacker

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    Any news regarding personal income tax? Be nice if all tax brackets got reduced by 10%. So it will become 9%, 22.5%, 27% & 35%. You wound have thought the numbnuts in government would have done that first.
     
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  4. willrocks

    willrocks Well-Known Member Silver Stacker

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    The only thing I can find is a debt service relief (i.e. no repayments) for the poorest 25 countries.

    https://www.imf.org/en/News/Article...proves-immediate-debt-relief-for-25-countries
     
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  5. dragafem

    dragafem Well-Known Member Silver Stacker

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    Yes I found this:https://www.japantimes.co.jp/news/2...payments-six-months-coronavirus/#.Xp1sppkRXb0

    Very interesting to see the list includes Tajikistan.I read yesterday that Tajikistan is one of the 15 countries that claims they dont have this virus yet...

    And just found this which is part of the email I got:https://caribbeanbusinessreport.com...ebt-of-dozens-of-countries-in-covid-19-fight/
     
  6. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Will never happen. They hold them hostage with debt. Only a pause on repayments is believable whilst interest still accrues
     
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  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    No. The IMF is largely irrelevant for most advanced countries. They have nothing to do with the cash splashes.

    The only debt that the IMF can forgive is to tinpot countries.
     
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  8. dragafem

    dragafem Well-Known Member Silver Stacker

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    Something in return of course...vaccination to start with...
    That is correct.The cancellation is only for poor countries.
     
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  9. willrocks

    willrocks Well-Known Member Silver Stacker

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    The IMF is like a soup kitchen for poor countries.

    Advanced countries are creditors.
     
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  10. 66rounds

    66rounds Well-Known Member Silver Stacker

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    SDR will change that in the coming future.
     
  11. leo25

    leo25 Well-Known Member Silver Stacker

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    I was surprised how integrated and widely used SDRs are now amongst governments and large corporations. Qantas even mentions it in their international flight itinerary.

     
  12. dozerz

    dozerz Well-Known Member Silver Stacker

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    like father christmas and the easter bunny teamed up, lets hope you are not alone.
     
  13. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Didn't even know this was the case. Just goes to show how far forward the planning has come
    Stage 1: Lock them in their homes
    Stage 2: erode their wealth
    Stage 3: ????
     
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  14. madaw1

    madaw1 Well-Known Member

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    Question for 1mln AUD?
    Answer-Vaccinaton with chip..
    YOU HAVE WON 1mln AUD-congratulation....:):):)
     
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