Alternative News

“Entrapment” by the IRS resulted in “ruinous penalties” for ordinary Americans

"The Geneva-based international group says that the 2009 OVDP in particular was 'extremely prejudicial to Americans living overseas who sought to become compliant with their taxes due to errors or omissions under the OVDP. Believing they could come back into the system by simply filing the appropriate paperwork and paying any outstanding tax burden, these individuals were later told they would be hit with a standard penalty of 20% of the highest value of their bank accounts over a five-year period.'" Continue reading →

Continue Reading“Entrapment” by the IRS resulted in “ruinous penalties” for ordinary Americans

“Entrapment” by the IRS resulted in “ruinous penalties” for ordinary Americans

"The Geneva-based international group says that the 2009 OVDP in particular was 'extremely prejudicial to Americans living overseas who sought to become compliant with their taxes due to errors or omissions under the OVDP. Believing they could come back into the system by simply filing the appropriate paperwork and paying any outstanding tax burden, these individuals were later told they would be hit with a standard penalty of 20% of the highest value of their bank accounts over a five-year period.'" Continue reading →

Continue Reading“Entrapment” by the IRS resulted in “ruinous penalties” for ordinary Americans

“Entrapment” by the IRS resulted in “ruinous penalties” for ordinary Americans

"The Geneva-based international group says that the 2009 OVDP in particular was 'extremely prejudicial to Americans living overseas who sought to become compliant with their taxes due to errors or omissions under the OVDP. Believing they could come back into the system by simply filing the appropriate paperwork and paying any outstanding tax burden, these individuals were later told they would be hit with a standard penalty of 20% of the highest value of their bank accounts over a five-year period.'" Continue reading →

Continue Reading“Entrapment” by the IRS resulted in “ruinous penalties” for ordinary Americans

“Entrapment” by the IRS resulted in “ruinous penalties” for ordinary Americans

"The Geneva-based international group says that the 2009 OVDP in particular was 'extremely prejudicial to Americans living overseas who sought to become compliant with their taxes due to errors or omissions under the OVDP. Believing they could come back into the system by simply filing the appropriate paperwork and paying any outstanding tax burden, these individuals were later told they would be hit with a standard penalty of 20% of the highest value of their bank accounts over a five-year period.'" Continue reading →

Continue Reading“Entrapment” by the IRS resulted in “ruinous penalties” for ordinary Americans

Washington’s Vampire Economy Thrives on Bloodshed

"The Wall Street Journal observes a new 'Gilded Age' for Washington, which has been 'a time of lush business profits fueled by government outsourcing and war.' Well-connected recent college graduates secure entry-level bureaucratic jobs that pay enough to support rentals that charge $3,000 a month. Military contractors like Northrup Gumman, corporate lobbying groups, and Wall Street firms bring in hordes of first-time home buyers, driving real estate values upward. This does much to explain the invincible indifference of the ruling class to our nation’s unfolding economic catastrophe." Continue reading →

Continue ReadingWashington’s Vampire Economy Thrives on Bloodshed

Here’s a New Way to Bet on China: Open a Renminbi Bank Account [2011]

"China's economy is booming, and in the West, everyone from President Obama on down is demanding that the Chinese currency be allowed to rise in value. Now, it's possible for small investors in the U.S. to capitalize on this opportunity. The Bank of China's New York Branch announced this week that Americans will now be able to open FDIC-guaranteed accounts in the bank in a way that was never before permitted -- by converting their deposits into the Chinese currency, known officially as the renminbi and colloquially as the yuan. According to the bank's website, account owners can exchange as much as $4,000 worth of renminbi a day, up to a maximum of $20,000 a year." Continue reading →

Continue ReadingHere’s a New Way to Bet on China: Open a Renminbi Bank Account [2011]

Yippee! More Bank Runs in Our Future

"The recent financial crisis was not initiated by bank depositors scrambling to withdraw their funds. Rather it was precipitated by a 'run' among short-term lenders who had purchased banks’ commercial paper or lent money to banks through 'repos' (repurchase agreements). When these lenders suddenly tried to liquidate these assets by selling them or not renewing the loans, their actions deprived banks of the short-term funds that the banks had been using to finance their long-term lending and investments. In other words, federal deposit insurance no longer works to discourage or mitigate bank runs, because it does not cover short-term lenders." Continue reading →

Continue ReadingYippee! More Bank Runs in Our Future

NY Senate passes bill making ‘annoying’ police a crime

"The New York State Senate passed a controversial bill on Wednesday that aims to classify ‘aggravated harassment of a police officer’ as a crime. 'Our system of laws is established to protect the foundations of our society,' Senator Griffo said. 'Police officers who risk their lives every day in our cities and on our highways deserve every possible protection, and those who treat them with disrespect, harass them and create situations that can lead to injuries deserve to pay a price for their actions.' Griffo said that New York police require extra safeguards because 'too many people in our society have lost the respect they need to have for a police officer….'." Continue reading →

Continue ReadingNY Senate passes bill making ‘annoying’ police a crime

It’s official – Renouncing US citizenship saved our home

"I wasn’t sure if I was making the best decision. Some people advised against renouncing US citizenship while others recommended it. Yet, after unsuccessfully warning American politicians, I elected mission safety and handed in the blue passport. Now, it is official. I could hardly believe it when I read it, but it is true. Renouncing US citizenship saved the mortgage for our primary residence. To the left is a picture of my buddies and myself on the right, loading a ship to bring us to Somalia. To the right is a picture of my grandfather who fought for America during WWII." Continue reading →

Continue ReadingIt’s official – Renouncing US citizenship saved our home

“Justice” in Amerika: Two Years for Rape, Ten Years for Hacking

"Last March, following a national outcry, two high school football stars from Steubenville, Ohio were convicted of raping a 16-year-old girl. A few weeks later, an FBI SWAT team raided the Steubenville home of 26-year-old corporate cybersecurity consultant Deric Lostutter, who obtained data in which members of the football team had joked about the rape and mocked the victim. Lostutter faces up to ten years in prison – as compared to the one and two-year sentences handed out to the Steubenville rapists. The Regime threatening to send this hacker to prison is currently conducting wholesale warrantless surveillance of telephone and internet communications." Continue reading →

Continue Reading“Justice” in Amerika: Two Years for Rape, Ten Years for Hacking