CLibertyC

Bloomberg News Writes About Americans ‘Paying Up’ Wherever They Reside…

"Why not renounce you say? Because, I never had a clue until now (at age 50) that USA even considered me a taxpayer. Why would I? It makes no sense to tax people who DO NOT LIVE in USA, never worked there, never earned income there, and never plan to live there. No other country does this. Since all the publicity surrounding FATCA, I discover I am in big trouble for not filing all these years, even though I have always paid taxes to the Canadian government. USA will not let me renounce unless I can prove 5 years of US tax compliance which requires paying 10′s of thousands in lawyers and accounting fees and risking PENALTIES for previous non-filing." Continue reading →

Continue ReadingBloomberg News Writes About Americans ‘Paying Up’ Wherever They Reside…

Bill Bonner: Is the economy is weaker than we think?

"We don't like the looks of it. Advisors are too bullish. Investors are too complacent. The financial authorities are too confident. All up and down Wall Street, in central banks and in Washington, the stuff that goeth before the fall is thick, sticky, and stinky. The economy is recovering, they say. The Fed has the situation in hand, they add. Don't worry, we know what we're doing, they assure us. Barron's says the Dow is going to 16,000, illustrated with a picture of a bull on a pogo stick. Abe says he'll revive the Japanese economy with more money. And speculators take each hint from the Fed as though it were a whisper from God Himself." Continue reading →

Continue ReadingBill Bonner: Is the economy is weaker than we think?

Michigan House Unanimously Passes NDAA Nullification Bill

"On Thursday, April 18, the Michigan House of Representatives unanimously passed a bill prohibiting state agents and law enforcement from participating with the federal government in the indefinite detention of its citizens. By a vote of 109-0, state representatives joined their colleagues in the state senate in protecting citizens of the Wolverine State from being apprehended and detained in federal prisons without trial. The state senate unanimously approved an identical measure in March." Continue reading →

Continue ReadingMichigan House Unanimously Passes NDAA Nullification Bill

Feds spend at least $890,000 on fees for empty accounts

"It is one of the oddest spending habits in Washington: This year, the government will spend at least $890,000 on service fees for bank accounts that are empty. At last count, Uncle Sam has 13,712 such accounts with a balance of zero.They are supposed to be closed. But nobody has done the paperwork yet. So even as the sequester budget cuts have begun idling workers and frustrating travelers, the government is required to pay $65 per year, per account to keep them on the books. In this time of austerity, the accounts are a reminder of something that makes austerity hard: expensive habits, built into the bureaucracy in times of plenty." Continue reading →

Continue ReadingFeds spend at least $890,000 on fees for empty accounts

Tax Money: One Man Shot a Million Photos of President George W. Bush

"The staff photographer for President Bush took a million photos. The President kept all of them. This week, the GWB Presidential library opens in Dallas. If someone wants to view a million photos of Bush, he can. I don’t know who goes to a Presidential library. There are 13 of these libraries. Bush’s cost $250 million. It has 15 acres of fake prairie. It has 227,000 square feet. To house what? They cost millions a year to run. They are built by private donors. No one knows who. No one knows why. What we do know is that taxpayers funded a full-time photographer who spent 8 years taking pictures of George W. Bush." Continue reading →

Continue ReadingTax Money: One Man Shot a Million Photos of President George W. Bush

Tax Money: One Man Shot a Million Photos of President George W. Bush

"The staff photographer for President Bush took a million photos. The President kept all of them. This week, the GWB Presidential library opens in Dallas. If someone wants to view a million photos of Bush, he can. I don’t know who goes to a Presidential library. There are 13 of these libraries. Bush’s cost $250 million. It has 15 acres of fake prairie. It has 227,000 square feet. To house what? They cost millions a year to run. They are built by private donors. No one knows who. No one knows why. What we do know is that taxpayers funded a full-time photographer who spent 8 years taking pictures of George W. Bush." Continue reading →

Continue ReadingTax Money: One Man Shot a Million Photos of President George W. Bush

The Corruption of Capitalism in America Excerpt: Chapter 17, Serial Bubbles

"Never before in history had the nation's financial system been pummeled by two gigantic bubbles and two devastating crashes in such a brief interval. That Greenspan's heir apparent managed to detect the Great Moderation at the midpoint of this cycle of financial violence was only added testimony to the degree to which monetary policy had become unhinged. It was no longer plausible, therefore, to describe the New York Stock Exchange, NASDAQ, and the various venues for equity derivatives as a free market for raising and trading equity capital issues. Instead, they were violently unstable casinos, ineptly stage-managed by a central bank." Continue reading →

Continue ReadingThe Corruption of Capitalism in America Excerpt: Chapter 17, Serial Bubbles

Again, Reuters Compares Central Bankers to Superheroes!

"Another day, another editorial in Reuters about central banking superheroes. Are you convinced yet that this is a dominant social theme? And how exactly does this work? Is it coincidence? Do all the Reuters columnists sit down in a room together and decide that they will write editorials, serially, comparing central bankers to Superman? Lord, help us. Good things come in threes, and since this is the second article in a week comparing bankers to superheroes, we expect at least one more." Continue reading →

Continue ReadingAgain, Reuters Compares Central Bankers to Superheroes!

Privatization Is the Best Response to FAA Deliberately Inconveniencing Air Passengers

"The sequester cuts about $637 million from the FAA, which is less than 4% of its $15.9 billion 2012 budget, and it limits the agency to what it spent in 2010. The White House decided to translate this 4% cut that it has the legal discretion to avoid into a 10% cut for air traffic controllers. Though controllers will be furloughed for one of every 10 working days, four of every 10 flights won’t arrive on time. ... To run smoothly and efficiently, our ATC system should be given independence from the government. We should privatize the system, as Canada has done very successfully. Unlike the U.S. system, Nav Canada is self-supporting and not subsidized." Continue reading →

Continue ReadingPrivatization Is the Best Response to FAA Deliberately Inconveniencing Air Passengers

Rep. Barbara Lee: Repeal AUMF to stop ‘this state of perpetual war’

"Rep. Barbara Lee (D-CA) on Wednesday called for the Authorization for Use of Military Force (AUMF) to be repealed. 'I’m convinced that if we do not repeal this authorization to use force that I voted against in 2001, we are going to see this state of perpetual war forever,' she told Current TV’s John Fugelsang. Congress approved the AUMF just days after the September 11 terrorist attacks, giving the President authority to wage war 'against those nations, organizations, or persons he determines planned, authorized, committed, or aided the terrorist attacks.' Lee was the only member of Congress to vote against it, describing it as a 'blank check' for war." Continue reading →

Continue ReadingRep. Barbara Lee: Repeal AUMF to stop ‘this state of perpetual war’