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2013-04-08 Europe
Portugal Considers Paying Public Workers In Treasury Bills Instead Of Cash
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Posted by Uncle Phester 2013-04-08 00:00|| || Front Page|| [11130 views ]  Top

#1 So instead of using money they don't have now, they are using money they won't have in the future. Skeptical me suspects there is an arithmetic fly in this financial ointment.

"We pretend to work and they pretend to pay us"
-- Ivan Ivanovich, fUSSR
Posted by SteveS 2013-04-08 00:28||   2013-04-08 00:28|| Front Page Top

#2 The Barnette Trade Gun

Who knew ?
Posted by Besoeker 2013-04-08 03:13||   2013-04-08 03:13|| Front Page Top

#3 More on Portugal from the BBC

"Since tax increases were out of the question after the unprecedented increases already in the budget, he [Protugal's Prime Minister] said, the only option was to cut back on other public services".
Posted by Besoeker 2013-04-08 03:39||   2013-04-08 03:39|| Front Page Top

#4 What they do mostly has a negative value so paying them in something with a negative value would seem to be a match.
Posted by Bright Pebbles 2013-04-08 06:37||   2013-04-08 06:37|| Front Page Top

#5 Sure. One of these days I feel I'm going to read a story about workers being paid in bonds or IOUs, and will have taxes due on that income, and will only be allowed to pay the taxes with real money.
Posted by swksvolFF 2013-04-08 09:22||   2013-04-08 09:22|| Front Page Top

#6 swksvolFF
Coming to a Kalifornia near you soon...

Posted by Bright Pebbles 2013-04-08 09:32||   2013-04-08 09:32|| Front Page Top

#7 Besoeker, that article on trade guns understated the impact of those weapons on the political reality of the west. I've read accounts that as a result of the trade in guns along the Mississippi and Missouri tributaries, the Comanche and other Plains nomads were significantly better armed than the Spanish colonies in New Mexico and Texas, and this was a big part of how New Mexico became a tributary of the Comanche in the late 18th century, and how the Tejans were driven out of the interior and into enclaves near the coast and along the lower Rio Grande. See The Comanche Empire.
Posted by Mitch H.  2013-04-08 09:42|| http://blogfonte.blogspot.com/  2013-04-08 09:42|| Front Page Top

#8 Thanks for the link Mitch, but I'm so far behind in my reading. Guns and transport have so often made the difference. You might find the following of interest:

1900-1901 - The Government of the United States of America disgraced itself by violating the law and allowing British officers to establish recruiting camps for horses, mules and men on its sacred soil, thereby assisting the great monarchy of the British Empire to destroy two little republics in South Africa struggling so hard for their liberty and independence. One of these camps was in New Orleans, at Chalmette, a spot of ground sacred in the eyes and hearts of all true Americans. The governor of the state protested against this camp. The mayor of the city protested against this camp, and the people of America protested against this camp, yet it was allowed to remain.

John Y.F. Blake, A West Pointer with the Boers, Angel Guardian Press, Boston 1903, page. 216

[Blake was an American and the Commander of the Irish Brigade. He was a graduate of West Point and had served in the Indian Wars in the American west and was quite family with Indian tactics and indigenous struggles.]
Posted by Besoeker 2013-04-08 10:31||   2013-04-08 10:31|| Front Page Top

#9 Coming to a Kalifornia near you soon...

Already been toyed with in deferred tax refunds.
Posted by Procopius2k 2013-04-08 10:47||   2013-04-08 10:47|| Front Page Top

#10 Also, "EMPIRE OF THE SUMMER MOON: Quanah Parker and the rise and fall of the comanches, the most powerful Indian tribe in American History.
Posted by bman 2013-04-08 11:24||   2013-04-08 11:24|| Front Page Top

#11 I wonder if the term "shin Plasters" will have a resurgence.
Posted by Deacon Blues 2013-04-08 12:08||   2013-04-08 12:08|| Front Page Top

#12 How is that materially different from Portugal abandoning the Euro and issuing their own Portuguese fiat money?
Posted by Elmerert Hupens2660 2013-04-08 13:17||   2013-04-08 13:17|| Front Page Top

#13 US and Europe Job market is going to get allot worse. Next to lose will be service jobs. In my opinion.

Posted by Dale 2013-04-08 17:06||   2013-04-08 17:06|| Front Page Top

#14 There's another factor in the job market that I don't think has gotten enough pub.

Our local school system is drastically cutting back next year on Kindergarten classes. Why? There aren't anywhere near enough 5 year olds in the pipeline.

My wife is a Kindergarten teacher and they may cut her position this summer. Right now, due to seniority, she's okay but they are cutting at least 3 of the 8 sessions in the 4 town grade schools.

Not only are they running out of money to pay public employees, they're running out of jobs for them to do in the schools. The reverse baby boom is starting to pinch.
Posted by AlanC 2013-04-08 18:15||   2013-04-08 18:15|| Front Page Top

#15 AC that is interesting. I'd bet this is happening in Europe as I know it is in Russia and China.
Lower incomes means putting of children. Perhaps not getting married then get government money. I know of people with one having a good job and the other is in welfare system. They are way ahead that way.
Posted by Dale 2013-04-08 18:31||   2013-04-08 18:31|| Front Page Top

#16 IIUC, these Workers should not just be tax-p1ayers but also now official Owners in their Govt. or Public Agencies.

Is this the OWG Globalists new plan to offset the sustantive effects of Global Socialism = Global Liberal Communism??
Posted by JosephMendiola 2013-04-08 19:52||   2013-04-08 19:52|| Front Page Top

23:32 JosephMendiola
23:24 JosephMendiola
23:11 JosephMendiola
22:38 Besoeker
21:37 Whiskey Mike
21:12 Warthog
20:44 lord garth
20:27 linker
20:25 linker
20:22 Frank G
20:20 linker
19:56 Glenmore
19:52 JosephMendiola
19:47 JosephMendiola
19:42 JosephMendiola
19:30 JosephMendiola
19:21 Uncle Phester
19:20 Barbara
19:19 Barbara
19:18 Bright Pebbles
18:31 Dale
18:15 AlanC
18:15 Airandee
17:47 Rambler in Virginia









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