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When The Window Closes For Americans

“Something I think you can plan your life around is the eventuality of the US government imposing capital controls and other restrictive measures on the movement of people and capital. Any country that is sufficiently desperate can and will implement such measures. The big question remains: When will this happen in the US? I believe that moment will arrive sometime before it is apparent that the US dollar has lost its place as the world’s premier currency. The ramifications of the US dollar losing this status are difficult to overstate. It will be the tipping point at which the US government becomes sufficiently desperate.” Continue reading →

Doug Casey on Second Passports

“It used to be that a passport was a document that a ruler of one country would give to a traveler to ask the rulers of other countries to assist him in his travels. Now, instead of a convenience, it’s become a required permit for travel. It’s degrading and actually runs counter to the whole idea of the thing. The original purpose of a passport has been turned upside down. But since they are necessary in today’s world, you ought to have several of them, for your own convenience. If nothing else, it prevents any one government from basically placing you under house arrest by taking your passport away from you.” Continue reading →

Peter Schiff: Gold in the Crosshairs

“While the vast majority of economists see gold as the ‘barbarous relic’ described by Keynes, the sentiment has not stopped many central bankers from holding huge quantities as currency reserves. It is a curious phenomenon that the countries with the most daunting debt problems have the highest percentage of gold in their foreign exchange reserves. Many of these countries were formerly prosperous, and at various points in their histories had gold-backed currencies that required large reserves. These legacy assets now account for the bulk of their reserve wealth.” Continue reading →

Bill Bonner: Gold versus paper cash

“Maybe there really is a recovery…however weak. Maybe the feds really do have the situation under control. Maybe the central banks are right to print money. Maybe it will be clear sailing from now until Kingdom Come. And we’ll be fools not to be on the boat along with all the other stockbuyers and gold-dumpers. One day, however…and we won’t say ‘when’…people will stop worrying about the quantity of the paper and begin worrying about the quality of it. They will find that they have plenty of paper…and that more is coming all the time. They will look in their vaults and wonder what they will do with all this paper money.” Continue reading →

Austria, Luxembourg to give up banking secrecy for foreigners

“Austria has initiated the abolition of banking secrecy for foreigners and will begin talks with the European Union (EU) over automatic information exchange, Austrian Chancellor Werner Faymann said Tuesday. Up to now Luxembourg and Austria have been the only two EU nations to refuse to disclose the identity of bank account holders from other EU countries. Luxembourg announced during the weekend its own intention to give up the practice for foreigners. Faymann added that the practice of tax avoiding through falsifying tax liabilities had to be stopped.” Continue reading →

Spain opposes extradition of Swiss bank data thief

“Swiss authorities want Hervé Falciani, a French-Italian citizen arrested in Barcelona in July 2012 and then granted conditional release, sent back to Switzerland to face charges of breaching banking secrecy. The files, which were subsequently relayed by French investigators to their counterparts in the United States, Spain, Italy and several other European Union countries, led to a raft of prosecutions. He told the court he obtained the files from colleagues and said the information was so abundant that ‘if printed, it would fill an entire freight train.’ Falciani said he informed Swiss authorities in 2008 but they refused to let him make an anonymous complaint.” Continue reading →

Fr33 Aid Abandons Non-Profit Tax Status in Favor of Bitcoin

“Many organizations seek non-profit recognition from the IRS in an attempt to protect themselves from asset confiscation. In April 2012, Fr33 Aid applied for this privileged status, but since then the process has been nothing but a bureaucratic nightmare. Today Fr33 Aid announced they have abandoned their IRS application and adopted bitcoin as their primary financial instrument. Fr33 Aid Treasurer, Teresa Warmke said: ‘Now that there are ways for us to do banking without government involvement, we decided fulfilling (IRS demands) would not be a responsible way for Fr33 Aid to spend its money nor for our volunteers to spend their time.'” Continue reading →

Filmmaker: Obama’s war on whistleblowers ‘a terrible disservice to democracy’

“Appearing on CNN Sunday, documentary filmmaker Robert Greenwald said that his latest film will highlight the Obama administration’s ongoing ‘war’ against people who reveal the government’s embarrassing and sometimes shocking secrets. ‘War on Whistleblowers: Free Press and the National Security State’ documents the Obama administration’s efforts to silence and retaliate against whistleblowers, and the effect that overreaching government secrecy has on journalism.” Continue reading →