The white sands of Seven Mile Beach on Grand Cayman have long caressed the toes of the world’s wealthiest financiers, who flock to this balmy spit to avoid the taxman’s prying eyes.
But the world’s biggest hedge-fund venue and fifth-biggest bank centre is now threatened, as the government of the Cayman Islands heads for bankruptcy — unable to pay its own staff and facing the prospect of introducing taxes as income from the world’s shrunken financial system collapses.
But the situation is about to get worse after the British government, which has ultimate responsibility for the islands, last week refused to bail out the Caribbean idyll. It is not convinced the country will have the money to pay it back.
At the same time, hundreds of civil servants found that pension contributions and health insurance payments were missing from their pay slips. Contractors and government suppliers also had bills unpaid.
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But isn't the Cayman islands the very special place that the CIA and other government agencies run those 'dark liquidity' funds out of that are purchasing 33% of the T-bonds being sold?
ReplyDeleteLook guys, we have a deal you simply can't refuse. As you know, we own America and you. I have been authorized to present to you only through this website a most beneficial offer from us to you. We have a number of customers in Saudi Arabia and Dubai who are in desperate need of kidneys and livers.(please keep this only between us.) We here at Bernstein LLC Trading Co. deal in "hard assets" not necessarily "moral and legal" but hey, who is to judge? We wish to aquire "Merchandise" from young healthy bucks, we will pay you the handsome sum of the equivalent of 200 dollars U.S. for your "merchandise" we Bernsteins pay in Sheckels as is our multi- thousand year tradition of worldwide business transactions,(Our money is good)we will be watching.
ReplyDeleteI could care less if the expensive Cayman Islands go belly up and the whole place becomes a dusty barren beach. The trips there were over-rated, extremely expensive, and people went there only to impress others, a sense of vanity. The Cayman Islands are totally unnecessary to anyone's survival. There are many closer "free" beaches to attend if you want the sun and surf. I consider a vacation to the Cayman Islands as a total waste of money, but then I can say that as I am not required to impress anyone that I went there.
ReplyDeleteBut the sheeple all have
ReplyDeleteMAD SHEEPLE DISEASE!
Frothing at the mouth!
Glowing demonic red eyes!
Oh noez!
TEH poor sephepards
hey mon! come down herz to get some good deals mon! can i push da cart for you mon? eez all good mon! we needs da money fom da tourists mon!
ReplyDeleteAnother sign of things to come...
ReplyDeleteHow much longer can the US continue to pay its bills with "funny money"? Try Sept 30th, end of the fiscal year for the US criminal govt.
Better prepare...or get the hell out of town...Uruguay?
cayman is overrated
ReplyDelete