Monthly Archives: March 2013

The IRS wants to tax your illegal income

"Dealt some drugs? Stole some cash? There's a line on your income tax form to declare it. As ridiculous as it sounds, the federal government requires that money acquired through illegal means be reported and taxed just like legitimate income. It's right there on the official IRS tax instructions: 'Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity.' If you tell the IRS you made $1 million from stealing money or dealing drugs, does the agency tip off the cops?" Continue reading →

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Swiss to Ban Big Cash Purchases to Curb Money Laundering

"Switzerland is proposing to ban cash payments in excess of 100,000 francs ($107,500), including on watches and real estate, and wants to tighten the due diligence requirements for banks to prevent money laundering. Transactions above that amount will have to be processed through a bank. According to the proposal, banks will also have to undertake thorough checks to ensure funds are tax-compliant and must in the future refuse to accept any funds they believe are not declared. The measures implement recommendations from the Financial Action Task Force, an international organization tasked with co-ordinating the fight against money laundering." Continue reading →

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Red White: Why a Founding Father of Postwar Capitalism Spied for the Soviets

"In the 1930s, internationalists in the U.S. Treasury Department were determined to resolve the flaws in the international economic system once and for all. In the words of Harry Dexter White, a then little-known Treasury official who became the unlikely architect of the Bretton Woods system, it was time to build a 'New Deal for a new world.' Working with his British counterpart, the revolutionary economist John Maynard Keynes, White set out to create the economic foundations for a durable postwar global peace. Despite having never held any official title of importance, White had by 1944 achieved implausibly broad influence over U.S. foreign and economic policy." Continue reading →

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U.S. calls on UN to ban drunken diplomats from budget negotiations

"The assembly’s budget body, the Fifth Committee, holds marathon negotiations in December each year on spending and national contributions. These often last all night for several days in a row so that a vote can be held before the end of year holidays. Some envoys have turned up for talks 'falling down drunk,' said one diplomat, speaking on condition of anonymity. 'On one occasion the note-taker who was meant to be recording the talks was so intoxicated he had to be replaced,' said another. Both spoke on condition of anonymity." Continue reading →

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Epic investor debate featuring faceoff between Peter Schiff and John Mauldin

"An epic debate about the creation and preservation of wealth featuring Rick Rule, Peter Schiff, John Mauldin and Grant Williams. The highlight is a classic faceoff between Peter Schiff and John Mauldin that takes place around 7:30 in and goes on for several minutes and really heats up at 9:30. The debate took place February 24, 2013 at Cambridge House's California Resource Investment Conference in Palm Springs." Continue reading →

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Some Troops Asked If They Would Kill U.S. Citizens If Ordered

"It's a hell of a question, and it goes to show how badly our constitutional rights have been eroded in the name of the War on Terror. On to the question itself: I have a good friend in-the-know with the military who told me that some troops are indeed being asked this question. If the troops reply that they would not kill U.S. citizens if ordered, says my friend, they are immediately honorably discharged on other grounds. This supports Internet rumors about the existence of such of question. I trust my friend, and now I, too, believe that the question is being posed within our military." Continue reading →

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The Criminology of Firearms

"In 2004, the National Academy of Sciences reviewed 253 journal articles, 99 books, 43 government publications and some empirical research of its own about guns. The Academy could not identify any gun restriction that had reduced violent crime, suicide or gun accidents. Why don’t gun bans work? Because they rely on voluntary compliance by gun-using criminals. Actual research results—as opposed to unsupported opinions—pose a question embarrassed gun prohibitionists invariably try to evade: why ban guns to ordinary owners, i.e., people who never commit gun crimes?" Continue reading →

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Read more about the article Are Nebraskans Giving In On ObamaCare? If so, why?!

Are Nebraskans Giving In On ObamaCare? If so, why?!

Nebraskans, your action is NECESSARY. Please see the bottom of the article for: FLYER to download, read, share, print, and distribute Recommendations Are YOU among the majority of Nebraskans opposed to “ObamaCare”? If so, YOU should be keenly interested in the Medicaid Expansion bill, LB577, and alerting people you know [...]

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Jump in Swiss jobs good news for expats

"The number of jobs offered in Switzerland has jumped by seven percent since the start of the year, offering encouragement to those considering a move to the country. The latest Michael Page Swiss Job Index shows more jobs being advertised across the country, with western Switzerland leading the way. Demand for engineers grew significantly and the negative trend in IT jobs reversed from last year. Other sectors showing big increases were the metal industry and health and social services. Swiss SMEs are generally hiring more than multinationals, 'which remain slightly conservative and cautious due to their greater exposure to global difficulties', Semeraro notes." Continue reading →

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