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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: S&P rating

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Aug 07, 2011 03:26PM

Hi Dave

It's true we can buy property outside but can only stay at it as homeadress after 65.

I see there is discussion abput the rating drop.I wrote some messages before about the rich people who avoid tax payment.I mean the very rich not the middle class and also companies .In Belgium many companies are taking advantage from a certain tax rule .With that rule which is complicated for me to explain big companies can fix it to pay almost no taxes.So they can go away with their super gains to other countries saying they payed already tax in Belgium.So by this they escape to pay big tax and get away with their profits.

I think it's not in the US alone where you have this problems but almost everywhere.The amount of money in the world is very wrong divided .The very rich have always protected themselves and made the rules for their own purpose .Of course political leaders were choosen or adviced to act in their advantage.But as you see the many protest movements now coming up .

So question is where the governments are gonna take the needed money again?From some meassures i heard here they will take indirect taxes on cars by using their CO2 emission rules etc.Because the lower class can't pay much extra the middle class will come into their visors because the super rich which could pay easily a small amount will again escape because they have good accounts.Super rich people and big companies rule the world and make the politicians or back the presidents etc..So far they had made it but at some point the needed debt need to be payed and it's high time now.As far I remember we are in a severe mess.So far all the attempts made in the Eurozone have brought no relief and quiteness.The higher the rates are going to borrow money the more we feel the pain I'm afraid.

I think this trouble can last for some weeks and oil could drop more.I bet CLL's managements nerves could be tested again.

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