Peter's Viewpoint

My blog spot, my mind, your time, and hope for the better

Capitalism Unraveled by Globalization

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The Global war to achieve equilibrium
It wasn’t long ago when the idea of low cost production with high profits gave birth to the ideas that brought everyone cheap and innocuous made products from Asia.  The failure by governments and that of the G20 group is that they overlooked the implications of current system to meet the needs of globalization.

I wrote a long time ago that globalization is a failure and I maintain that thought because as we see today, governments and the G20 now realize that they did not make any framework or provisions for taxing companies and other basic concepts as guidelines for the correct progress of globalization.

As a result, global enterprises are the inculpation of being tax evaders when in fact they are not.  The global enterprise is not obligated to pay taxes if laws have not been established for them to do so.

This is the consequence of supporting an issue without any thought to future planning that proves the lack of forethought by politicians.

Now that they have managed to create the global monster that is uncontrollable, it uses investment funding by the people of the same countries that push forward the idea resulting in the same people from those countries losing their jobs, their homes, and their future.

The question now is how to stabilize or bring globalization to equilibrium?

Globalization cannot be stopped because doing so would probably instigate a global war between the countries that now control production and the countries that have become stagnant.

Poorer countries are “sending” their people to western countries like a deluge aggravating the economic job crisis and recreating nationalistic ideas such as Nazism to solve the threat.

Countries are drowning in debt again due to the non- distribution of production and therefore wealth between areas of Europe while the states in the USA are slowly beginning to collapse like an imploding stars.

There is no possibility to create a centralized and globalized monetary system at this time due to the differences between countries and therefore there is no simple solution.  So, as the system currently exists, it will require much more forethought to correct it; to bring harmony to society.

Even if the possibility existed to create a global currency, the money of the USA, not to mention Europe, would be worthless due to the trillions against non-existent gold reserves.

It is amazing that no one has started as yet the most obvious and commonly used tactic among politicians to solve the crisis, the next global war. Or is it in planning???

Leaders of Bad Behavior Breed Corruption

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Leaders in Greece enjoy decades of corruption
It is incredible to think that people who make more money than the majority of the world are more inclined to steal but the facts are more revealing today due to the advancement of technology that increases awareness of the media.

In the Greek Sunday newspapers TO BHMA of July 6th 2014, there is an article on page A30 that explains how the disorganization of the legal system in Greece promotes delays, inobjectivity, and the queue of untried cases.  This is happening even though the number of lawyers in Greece places the country in second place after Luxemburg.

It includes a comparison of EU countries that provides a reader with a glimpse of intentional inefficiencies that force people into despair and dislike of both a government colligated with the legal system.

Can you imagine Bill Gates being arrested on charges of embezzlement?
As one of the richest persons in the world today, it would probably cause a revolution world-wide if that were true.

There are those who are guilty and they are not being punished with the equivalent that a poorer person would be.

Will justice continue to display tainted signs of bias that will ultimately bring chaos to society?

CEO’s, Politicians, and judges are toxic when combined and are now being targeted as they should be for scandals of bribery, insider trading of information, money laundering, and whatever financial or white collar crimes that they commit.

In the same article mentioned above on page A31, the banks in Greece also coordinate their bad loan business dealings to align them with the government and the legal system that is in effect collusion.

The Greek banks request that the government not move forward on the vote over a law since March 2013 for the collection of over 500 million Euros in penalties for bad loans so that they can use the money to their advantage.  Doing this prevents the government from collecting overdue taxes and other fines and penalties but would take this money from the bank accounts thereby reducing funds that banks profits.

The EU is now studying the legal systems of many EU countries to attempt to bring them into alignment.  This of course is happening only because they are being delayed by countries diliquent in prosecuting cases that in their own interest otherwise they would simply expedite everything in the usual manner of the EU, without priority.


The True Cost of Hidden Money

Why do international balance sheets each year show more liabilities than assets?

Hidden Taxation Obscures Competition

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Third Parties Benefit From Tax Collection

Competition is a key word used commonly by Greek politicians to justify the reduction of salaries and pensions of Greeks.  The problem is not the salaries and pensions but the hidden taxes and extremely high taxes that companies must pay to hire a Greek that detrimental to competition.

In the Greek Sunday newspapers TO BHMA and KATHIMERINI of July 6th 2014, an article was unleashed that should have been revealed by the Troika long ago, with a list of 200 taxes that are being collected on behalf of third parties!

Some of the hidden taxes in addition to the 23 percent VAT sales tax!

  • Plain paper tax for printers and photocopies
  • Another photocopy tax of 4 percent
  • Movie tickets include 12 percent
  • Rail road train tickets include 2 percent
  • Engineer tax of 3 percent for buildings
  • A sound and video reproduction tax of 6 percent
  • A tax on companies performing public projects of 3 percent
  • A real estate tax of 0.775 percent on property values
  • A 0.2 percent tax on imported candles
  • A tax on loans of 0.6 percent
  • A tax of one or two percent on the private school tuition
  • Three Euros per application of weddings, baptisms, deaths, and divorces
  • Rental tax percent undisclosed toward a public employee fund
  • Another rental tax of 3.6 percent and a stamp tax amount undisclosed
  • Passenger tickets on ships include 5 cents for the mooring employees
  • Passport (5 year) renewal includes a social security tax of 20 percent and 22 Euros of postal charges even though the passport must be collected in person

Only a few of the third parties are mentioned in the article.  The article does state that even the government does not know how many hidden taxes exist as they cannot list them all.

Caveat Emptor and Caveat Venditor are not applied in the Greek market. This is also why Greeks Pay More for Services and Products.

The Greek government or state charges a whopping forty (40) percent towards social security benefits that was recently lowered by a ridiculous four (4) percent to motivate companies to pay it.  The social security is not a tax mind you but a fund that is supposed to provide workers with insurance coverage, retirement, and unemployment benefits however it is an expense to businesses that increase the cost of labor.

The reasoning to reduce salaries was based on the fact that if you hired an employee for 1000 Euros per month, the company is actually paying 1400 Euros per month in labor costs.

Now that salaries begin at 400 Euros per month the government has realized that they are not collecting taxes at all but have increased the use of illegal employment while destroying the internal economy that is a primary source of building the social structure.

The real problem of competition in Greece is not the salaries but the hidden cost of taxes.

In reality, the reduction of salaries and pensions is anathema to use a Greek word to the economy because it does not allow more money to circulate which in turn would provide more internal market growth.  More internal market growth will result in more employment and more taxes being collected even if the taxes are of a lesser amount.  The end result would be a more stable economy.

Unless a new line of thinking by both the people and the politicians of Greece are affected, Greece will never be a competitive country.


State Corruption is Alive and Well in Greece

Top tax collector in Greece faces task of restoring confidence

Bloomberg: "Theoharis dismissed over taxing the rich"

Greek Church Out of Tax Department Jurisdiction

Translated by Google: A Greek website that discloses the hidden and illegal taxes

Original content of the Greek website in Greek

The New Order Defines Extreme Poverty

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Extreme Poverty is the Substitute for CommunismIn Greece a disturbing new plan is being developed by the government that may affect everyone in western countries around the world.  In essence as capitalism deteriorates with closing of businesses and the loss of employment, lower and middle class individuals and families will fall into the category of poverty.

When the net income is less than 4,800 per year for the entire family that has no other means of subsistence, the government is setting the maximum amount of “guaranteed income by the state” not exceed 4,800 Euros.

250,000 households out of 10M people are to receive guaranteed income in 2015 as a test!

When the test if over will your country be next?  Is this what the G20 been planning?

The basic allowance is to be set at 230 Euros per person with a home where the home has an assessed value of less than 80,000 Euros.

This means that anyone who is living on the street either by themselves or with their family will receive a "beneficiary allowance" that will supposedly allow them only to eat.

Other assets that can exclude receiving a guaranteed income by the state are bank accounts of less than 9,600 Euros, investments, and automobiles with an engine capacity of over 1400cc’s.

As reported in the article, the guaranteed income is equal to 400 Euros according to the members of the family.  The "beneficiary allowance" is to be set at 230 Euros for the spouse with an additional 70 Euros for a child, another 50 Euros for the second child, another 50 Euros for an additional child, totaling 400 Euros.

Based on the current level of taxation on real estate, this means that most if not all lower and middle class will be forced to forfeit their homes because anyone at this level of income will not be able to pay their real estate taxes.

Reference - translated by google:

This will ensure the guaranteed income provided by the Memorandum - Who and why will be left out

Source - Πηγή:

Αυτοί θα εξασφαλίσουν το εγγυημένο εισόδημα που προβλέπει το Μνημόνιο – Ποιοι και γιατί μένουν έκτος

Surname Changes Create Challenges

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Genealogical Surname Changes by Greeks

Genealogical Surname Changes by Greeks living abroad and within Greece are common.

Greek surnames change for different reasons and that includes translating from the foreign characters to Latin characters, shortening of names for convenience or to make the transition into another society, and by mistakes of the government employees responsible for recording the names.

Some examples that I have seen include, Haralambopoulos being changed to Harris, Bournias to Pournias or Vournias and others.

It happens due to errors using transliteration between two languages where a person may assume that the transliteration is based on character sounds when in fact it may be based on a standard set by the government.  In the case of Greece, once a name has been recorded, it is set in stone unless a person is willing to challenge the government bureaucracy.

Papadopoulos to Payne is not the first Greek person to have his name changed but a recent article on a Greek website cited it, link below.

The Oscar winner of Greek origin, filmmaker Alexander Payne revealed while speaking at the Canadian broadcast television station CBS: "We changed our name from Papadopoulos Payne to avoid hatred against the Greeks."

It is sad that racial opinion caused this to happen.  I hope that this trend does not continue today so that people everywhere can display their last name proudly for their ancestry and heritage.


Director, producer and screenwriter Alexander Payne

The article about changing a surname for racial reasons translated to English

The original article in Greek at the website of

Airline Industry to Slave Economy Class Lifestyle

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Airline industry must be regulated

We all want decent services but at what cost?  It is not the first time that you may have read about airlines exploiting the use of fees for anything and everything from selling bottles of water to outrageous charges for overweight luggage.

The USA once again leads the pseudo assault on the airlines effectively doing nothing to stop the tactics while in an article from a newspaper quoted a $3.4 billion profit from overweight luggage charges that travelers are forced to pay once they get to the check-in counter.

In essence, the same business tactics are being used by Internet providers offering a multitude of options creating chaos for consumers and multiple lanes of Internet speed using the abuse of the Net Neutrality rules.

So what is happening is that instead of making the buying of services easier, companies are claiming that private business must be separated from governmental intervention is in effect making everything more complicated and more expensive due to hidden charges.  Yes, the charges are hidden otherwise you would know about it before the check-in or receiving your bill.

Most consumer protection statutes require full disclosure of taxes and fees when booking through any channel of distribution as long as YOU file a complaint.

On a recent trip to the USA, I bought my air tickets online and noted that I was only allowed one piece of luggage to be checked-in and one piece of hand luggage on the plane.  The checked-in luggage was set at 23 kilos or approximately 50 pounds in weight.  I don’t know about you but when I travel to halfway across the world, I would prefer to have more than a few changes of clothing especially when I am travelling for about 18 days.  Okay, so many readers will say if you can afford to travel around the world then you can afford to pay for an extra piece of luggage.

It is the fault of the airline industry that luggage sizes and capacities are not standardized.

Now here’s the catch, the problem is not paying but as to how much.  Heading from the EU to the USA using a UK airline I was asked to pay an additional 200 Euros while on return from the USA to the EU using the same airline I was asked to pay 200 US Dollars.  There is the rub!  Why is there no global price using a set currency?

Maybe the weight of the luggage should consider the length of time during the trip.  If one is travelling for only two nights then of course they would not need to carry more than one piece of luggage but if someone is travelling for more than ten days then it is logical that they will take at least two pieces of luggage.

Row, row, row your plane

Remember those movies where the slaves rowed the ships while chained to their seats.  We have now returned to that time period.  And you though time travel wasn’t possible.

Have you travelled with a modified 747 lately?  Airlines are now modifying the original layout of the planes by removing the toilets.  What this means is that you once had 300 passengers in economy class sharing eight (8) toilets and they are now sharing four (4).  This allows the airlines to put in more economy seats.

Remove the spacing between the seats and between the rows and what do you have?  Slave Economy Class!  By adding another line of seats in the center portion of the plane they have managed to squeeze in even more passengers.

Once again this proves that the airline industry must be regulated to protect consumers otherwise they might start putting seats into the luggage compartment with a brand name of fourth class.

The Threads of Feeling Exhibition

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Family history from a piece of fabric as evidence.

The Threads of Feeling exhibition is an incredible story about children being left at what was called a foundling hospital but which in actuality was a children's home that became an adoption center for those that were left with a promise of cloth to be reconnected to their mothers again.

I managed to see the exhibition at the DeWitt Wallace Museum of Colonial Williamsburg, Virginia. The exhibit ran for a full year and was the only presentation offered in the US and has now returned to London.

This remarkable and touching display was organized by John Styles and The Foundling Museum. It brings to life the stories of mothers and children separated by circumstance.  During the mid-18th century, mothers left their babies at London’s Foundling Hospital with the purposes of being able to work or start a new life in the new world.

The number of children that were processed was greater than 16,000 of which only 152 came back to get their children.

When mothers brought their babies to the London Foundling Hospital, they were asked to leave behind a token: a scrap of fabric, a ribbon, a button, anything to distinguish one child from the next. Each token was carefully preserved with a description of what the child wore upon entering the hospital, to assist in a reunion if the mother should ever return.  They left their children at the Hospital and retained a small piece of cloth or fabric as a token and a means of identification. Each scrap of material reflects the life of a single infant and that of its absent parent and many included a letter due to the assumption that it may have taken years to rejoin the family.

These records were collected into booklets and were meticulously maintained over the years, so that we can now witness a glimpse into the lives of these young children from hundreds of years ago.

The story about the Threads of Feeling Exhibition.

A slideshow depicting the stories with images of the cloth that became a genealogical record.

Does the EU Abuse Internet Payment Services?

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Government organizations abuse Internet Payment Services
E-Commerce Merchant Gateways are something that everyone uses when they make a purchase or sale on the Internet.

It provides a simple procedure that allows you to use either a payment service like paypal or your credit card to buy, sell, or transfer money world wide.

Of lately, the ECC-Net othewise known as the European Consumer Centres Network, a government agency, has now decided that consumers are terrorists or money launderers until proven otherwise by demanding copies of personal information.

How do I know this?  This recently happened to me.
I received an email from PayPal (Europe) Sarl et Cie SCA notifying me that my account would be suspended or frozen if I did not provide proof of who I am.
I provided them with scanned images of my driver’s license and my telephone bill in accordance with their demands.

There is no one that you can email directly because this is their policy so you have to wait until one of their “gods” decides whether you are a terrorist or money launderer.

This again is another indication about the justice system and organization of the EU.
Since when does some organization have the right to play judge and jury about whether or not you are a criminal without a trial?

I have used Paypal since 2003, that’s 11 years, and now they decide that I maybe a criminal because I happen to have some money transfer of less than $1,000 (one thousand) US dollars.

According to their website, the European Consumer Centres Network CANNOT:
Force traders to take action: they rely on persuasion (but it works in at least half of the cases they handle!)
So what are they good for except to be another European organization created by a bunch of EU Brussel hoodlums that are being paid by taxes of EU citizens?

Instead of watching people that make yearly transfers of less than 10,000 Euros why hasn’t any European organization put an end to the real money transfers above 100,000 that is happening between its politicians and companies?

If Europe wants to be centralized then they should either make the decision and do it or end the EU.  The farce of a centralized Europe has gone on long enough.

Are these types of checks supposed to protect citizens when others are freely moving large sums of money that are from bribes and other forms of corruption?

Aparently while there is an organization for European citizens there are separate organizations in other countries and each with their own rules and regulation

European Consumer Centres Network

The Financial Services Register UK

Prudential Regulation Authority

Is Transcendence the Ultimate Search Machine?

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Science Fiction and Immortality
Transcendence is a perspective into the possibility of immortality through digitization.

Dr. Will Caster played by Jonny Depp develops a method of digitizing the mind of a person to produce a technological omniscient sentient version of himself.

Another story that comes to mind is “Colossus the Forbin Project”.  This story produced in 1970 instills the idea that machines will rule mankind.

As with many sci-fi movies and TV shows, the end result is like that of the classic Frankenstein, man-made terror supersedes the unanticipated.

Max Headroom, played by Matt Frewer, is a British-produced American satirical science fiction television show produced in 1985.  The story line is about a reporter, Edison Carter, that dies and transcends into a digitized form ending up cruising the wave lengths of power lines through to television.

At the time of his death he encountered a road barrier with a sign above stating “MAX HEADROOM 2.3M” that is the only thing that he can remember in his digital form and that becomes his new identity as a television character.

Today we hear about the machines that Google and Bing use to accumulate gazillions of bytes of data that seamlessly help find what you are looking for but at the sametime feed the corporate machine to learn everything about you.

But what about character or conscience?
Will computers transcend the abilities of the human brain?

Stay tuned to this channel as you pass through the Twilight Zone of life.

Colossus the Forbin Project

Original British Edition - Max Headroom: 20 Minutes Into The Future

God Blacklisted By Credit Organization

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Credit Organization Must Seek Forgiveness
It’s not everyday that God is blacklisted but in this peculiar case a man with the given name of God is being refused credit by Equifax.

According the report, link below, New York businessman named God is suing Equifax for stating that he has no financial history after its system rejected his name.

This is a power play by a credit organization against a person having a name given to him or her by either parents or a Godfather or Godmother and, who stated that he was named after his grandfather.

The worse part of this is that the banks are basically telling this person to change his name.  What about all those people whose names are Jesus or Mary?

It sounds to me like the credit organizations are role playing as God’s when demand that a person has to change his or her name to be acceptable.

The usual credit organization motto is that a customer with no credit history as a risk because there is no record of whether they are good at keeping up with repayments.

Just because we now live in a more digital world does not mean that there are people who simply do not want to be a file number simply because they have no credit history according to the gospel of the unholy credit organizations.

Hopefully God will win the case and show the credit organizations and banks what a real act of God is.

Man named God sues Equifax after it refuses to give him a credit rating because of his unusual name

Samaras Changes Corruption into Taxation

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Greek Economic Surplus Deflates
In an effort by the Greek government to beguile the Greek people again, Mr. Samaras and Mr. Stournaras issue reports to the news media that numerous tax frauds are being caught as a marketing ploy for the upcoming elections.

Greece announces that it has a one billion euro surplus!

Almost everyday we hear news reports about how many billions of taxpayer money has been stolen through corruption scandals, illicit unguaranteed loans, and kick backs, but the Finance Ministry has only managed to collect 100 million to date.

Troika courageously defends its lenders by insisting that Greek salaries must be lowered.  They are now claiming that the Greek retirement of 900 Euros is even more than the German of 800 Euros but what of the Greek salaries which were always lower than German salaries.  This is only a fraction of the problems within the European framework.

At the same time, Troika does nothing to spur the government to collect stolen monies.

The latest rash of government theft has been uncovered as NGO’s.  Millions if not billions have been literally given away by the government for unaudited projects.
According to Greek investigators, they do not even know to whom or how much was given for projects the majority of which were imaginery.  The Greek investigators announced that George Papandreou and Kostas Karamanlis are responsible for the creation of the organisation.

Greece’s tactics have changed. The Greek government changed the meaning of stealing from the people by changing the term to taxation.

A friend of mine was recently assessed three thousand euros as taxes by IKA the equivalent of social security in Greece.
He was lied to by an employee that insisted that he make a declaration that his home was completely finished in 2009 when in fact it was only finished in 2013.
As a result, instead of paying 600 Euros he is now forced to pay 3,000 Euros and told that he would be given the benefit of paying it on installments with interest over 3 years.
The fact that government employees lie to the people is nothing new and in this case it only proves one typical situation, increase funds to show positive results for the upcoming elections.

Reciprocation is not equal

When my friend retired from his job, he was issued his retirement pay one year after filing for the retirement.  He did not receive any interest on the amount for the year that he waited to receive his retirement, nor could he work because once a person files for retirement in Greece they are immediately required to submit their resignation.

Greek logic never dies
While Greece demands that people collect receipts to supposedly fight corruption the Finance Ministry motivates the people to throw the receipts away.  The reason for this is that they have eliminated any tax benefit to who else, the wage earners and those on retirement.  By doing so there is no reason for anyone to amass more than the 25 percent of receipts needed to file their tax returns.

While all this goes on, the news media presents a Greek football (soccer) team that celebrates buying a new player for 200 million Euros.

If there were any real justice in this country, the jails would not be large enough to hold all of those responsible and guilty.

There is no justice in Greece!

Greece’s Rich Plundered Bank

Germany’s Reparation Debts to Greece By Karl Heinz Roth

Secret Athens Report: Berlin Owes Greece Billions in WWII Reparations

3 reasons why Greece's budget surplus is a mirage

Political minefield

Another NGO

Depravity of the World Economic Situation

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IMF Makes a Global Statement

I was reading the latest Forbes magazine about Billionaires.  According to the magazine their total value is equal to 5.4 trillion US dollars shared by a few hundred individuals.

I am not making a statement against the rich but it is obvious that the system is broken as if someone plays a game of lotto and knows how to beat the system again and again.

Just as it is not the fault of companies making billions and not being taxed, the same applies to the rich; it is the system that is broken. The worse part is that no leaders want to admit it or to correct the problem.

The fact is that governments have fallen on their faces and that global markets are not in equilibrium.  The OECD named this problem Base Erosion and Profit Shifting.

This is creating an extremist situation that as Mrs. Laguarde is bringing the social fabric of society to disaster.  In Europe, this is already being seen as right wing “Nazi” parties are developing at a rapid pace.

If you did not hear the speech by Mrs. Laguarde on the BBC then you may want to read the text (link below) that is easier to analyze for anyone that wishes to understand the depth of the content discussed otherwise the video (link below) is available.

Mrs. Laguarde gave the best speech that I have recently heard or read as a leader in managment regarding changes that not should but must be made to correct the depravity of the world economic situation.

The only facts that I did not hear were any references to the OECD or their recent release of the BEPS Action Plan that are supposed to correct the mistakes of the international tax rules created by the OECD regarding corporations while doing business in other countries and not paying any taxes.  The current situation is that the original goal of the OECD was to supposedly stop double taxation on corporations.

This in itself is not a solution to the problem simply because it does not solve the issue of the fair distribution of corporate taxation.  The problem of double taxation could easily be solved by each country through their own tax methods.

In essence, people world wide are paying outrageous taxes due to the unfair distribution and taxation, and the failure by government leaders to effect global laws including taxation.

Country leaders put the carriage in front of the horse when they opened the global economy.

A New Multilateralism for the 21st Century: the Richard Dimbleby Lecture

In text speech by Mrs. Laguarde on the BBC

Video speech by Mrs. Laguarde on the BBC

OECD explanation of what the BEPS Action Plan is supposed to do

Ideas from the task force of Greece

A discussion of tax evasion, tax avoidance, tax planning, and tax dodging.