Monthly Archives: August 2013

Countries with the world’s most libertarian laws

"In 2001, Portugal became the first European country to decriminalise possession of all drugs for personal use. The country introduced state-funded therapy programmes for abusers which have seen record number of people seeking help. Rates of HIV infection and drug-related deaths have also halved in the ten years since the new legislation. But it is in fact the Czechs that have the most liberal laws when it comes to personal use. Citizens can legally be in possession of up to half an ounce of marijuana, 40 ‘magic mushrooms’, four tabs of LSD or Ecstasy and one gram of cocaine." Continue reading →

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Did cops need to kill a 95-year-old veteran with a Taser, riot shield and shotgun?

"When John Wrana was a young man, fit and strong and fighting in World War II with the U.S. Army Air Corps, did he ever think he'd end this way? Just a few weeks shy of his 96th birthday, in need of a walker to move about, cops coming through the door of his retirement home with a Taser and a shotgun. The old man, described by a family member as 'wobbly' on his feet, had refused medical attention. The paramedics were called. They brought in the Park Forest police.First they tased him, but that didn't work. So they fired a shotgun, hitting him in the stomach with a bean-bag round. Wrana was struck with such force that he bled to death internally." Continue reading →

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Private Investor and Trader Joe Lewis Not Backing Bitcoin Ventures, Contra WSJ

"Noted private investor and trader Joe Lewis is not backing any Bitcoin ventures, as previously reported today. 'I have no investments whatsoever in any Bitcoin ventures,' said Lewis. A story widely reported in several publications inaccurately stated that Lewis is supporting the virtual currency through Phoenix Fund, a fund with no affiliation to Lewis or Tavistock Group. 'Unfortunately, many immature investments and investors would like the association of private investors like Joe Lewis. They bring instant credibility,' said Douglas McMahon, senior managing director of Tavistock Group, a private investment organization founded by Lewis." Continue reading →

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Why bitcoins are 60% more expensive in Argentina than the US

"The country’s citizens, faced with an annual inflation rate of around 25%, are turning their backs on their national currency. Official figures put the annual rate of inflation at around 10%, but private economists estimate it to be more than double this. In February 2011, the government started issuing fines of up to 500,000 pesos ($123,442) to economists and consulting firms that refuted the official figures. To access dollars legally in Argentina, buyers have to make a request through the central bank and AFIP (the tax revenue office), which check how much the buyer is requesting and what it is for." Continue reading →

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Norway Gets U.S. Help Chasing Citizens Dodging Income Taxes

"Federal courts in six states have allowed the Internal Revenue Service to issue summonses to U.S. banks at the request of the Norwegian government, and the banks may now have to give up information on people who used some kinds of credit and debit cards. The development signals increasing cooperation between governments to stop offshore tax evasion. The U.S. Foreign Account Tax Compliance Act may lead to dozens of agreements between countries to exchange information on bank accounts. The development is significant because the U.S. government went to federal court in eight states at Norway (NOUE)’s request." Continue reading →

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Ranch House Near Reno is a Thriving Tax Haven, and It’s Not Alone

"Shielding assets from the tax man or from overly inquisitive regulators is a time-honored strategy for the wealthy. Some turn to secretive financial havens like Switzerland or the Cayman Islands. Or there’s always Fernley, Nevada. [There] you will find the unassuming home of businessman Robert Harris, 65, who describes himself as a former bartender with an eighth grade education. The house is also home to some 2,400 Nevada corporations, all registered to Harris’ address. For a little extra money, Harris offers what he calls 'Ultimate Asset Protection,' which includes a 'virtual office with phone message and fax forwarding.'" Continue reading →

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FBI: nearly twice as many renunciations in first seven months this year

"The FBI has released its latest report on Active Records in the NICS Index as of 31 July 2013. NICS now contains the records of 22,908 renunciants who have been stripped of the right to purchase firearms in the United States. This is an increase of 298 since last month and 2,254 since December last year; this compares to 1,184 renunciants recorded by the FBI in January–July 2012." Continue reading →

Continue ReadingFBI: nearly twice as many renunciations in first seven months this year

Walter Williams: Black Self-Sabotage

"The poverty rate among blacks is 36 percent. Most black poverty is found in female-headed households. Among black married couples it has been in single digits since 1994 and is about 8 percent today. The black illegitimacy rate is 75 percent, and in some cities, it's 90 percent. But if that's a legacy of slavery, it must have skipped several generations, because in the 1940s, unwed births hovered around 14 percent. Though blacks are 13 percent of the nation's population, they account for more than 50 percent of homicide victims. Nationally, the black homicide victimization rate is six times that of whites, and in some cities, it's 22 times that of whites." Continue reading →

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“Race” – The Divide-And-Conquer Tool Of Tyrants

"Everything from employment applications to telephone surveys to the Census—all contain the following question: 'Check which of the following best describes your hair color: 1) Blonde, 2) Brown, 3) Black, 4) Gray/Silver/White, 5) Red, 6) Of mixed hues, 7) Bald or Decline to answer'. Imagine it had always been this way. Would it surprise anyone that in such a society, there might crop up animosity among the different groups in certain situations? That a gray-on-bald crime might raise hostilities? That entire organizations would crop up, like the National Association For The Advancement Of Redheads?" Continue reading →

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