East german overseas cap

What may the next few years bring, if we fail to exert some economic discipline? Inflation and unemployment in an increasingly uncompetitive economy that tries to pay itself more than it produces, quite simply. A combination of public sector pay hikes, an ever higher “living wage”, which will spur others to restore their pay differentials, Brexit (through a drastic reduction in the supply of labour) and increased trade union power or workers’ rights (promised by both main parties to varying degrees) will gift Britain with the kind of wage-price spiral that inflated the currency and shredded savings and economic confidence in the 1960s and 1970s. It was a time of enforced austerity. A time, some of us recall well, when a 25 per cent pay rise in the private or public sector might have been “deserved”, but wouldn’t actually buy you any more because prices were jumping at the same rate. It was called “confetti money” at the time. For all the disdain and ridicule the “magic money tree” has attracted, it doesn’t actually exist, you know. Not even for nurses.

In 2000, the International Monetary Fund calculated based on Bank for International Settlements data that for selected offshore financial centres , on-balance sheet cross-border assets held in offshore financial centres reached a level of $ trillion at the end of June 1999 (about 50 percent of total cross-border assets). Of that $ trillion, $ trillion was held in the Caribbean, $1 trillion in Asia, and most of the remaining $ trillion accounted for by the major international finance centres (IFCs), namely London, the . IBFs, and the Japanese offshore market. [28] The . Department of Treasury estimated that in 2011 the Caribbean Banking Centers, which include Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama, held almost $2 trillion dollars in United States debt. [29] Of this, approximately US$ trillion is estimated to be held in the Cayman Islands alone. [24]

The "'Level of Industry plans for Germany" were the plans to lower German industrial potential after World War II . At the Potsdam conference , with the . operating under influence of the Morgenthau plan, [15] the victorious Allies decided to abolish the German armed forces as well as all munitions factories and civilian industries that could support them. This included the destruction of all ship and aircraft manufacturing capability. Further, it was decided that civilian industries which might have a military potential, which in the modern era of "total war" included virtually all, were to be severely restricted. The restriction of the latter was set to Germany's "approved peacetime needs", which were defined to be set on the average European standard. In order to achieve this, each type of industry was subsequently reviewed to see how many factories Germany required under these minimum level of industry requirements.

East german overseas cap

east german overseas cap


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