Imperial Hubris

Is America now the largest and most secret tax haven?

"According to the Financial Secrecy Index, America ranked #5 in 2011 in banking secrecy, trailing only after Switzerland, the Cayman Islands, Luxembourg and Hong Kong. America created FATCA to destroy its competition, forcing other countries to provide America with financial data while rejecting reciprocity. With America pushing Switzerland, the Cayman Islands, Luxembourg and Hong Kong to drop down the ranks in financial secrecy, will America finally succeed in achieving its goal of becoming the world’s largest and most secret tax haven at the expense of innocent Americans abroad whom it harmed in the process?" Continue reading →

Continue ReadingIs America now the largest and most secret tax haven?

Is America now the largest and most secret tax haven?

"According to the Financial Secrecy Index, America ranked #5 in 2011 in banking secrecy, trailing only after Switzerland, the Cayman Islands, Luxembourg and Hong Kong. America created FATCA to destroy its competition, forcing other countries to provide America with financial data while rejecting reciprocity. With America pushing Switzerland, the Cayman Islands, Luxembourg and Hong Kong to drop down the ranks in financial secrecy, will America finally succeed in achieving its goal of becoming the world’s largest and most secret tax haven at the expense of innocent Americans abroad whom it harmed in the process?" Continue reading →

Continue ReadingIs America now the largest and most secret tax haven?

Swiss government signs tax compliance deal with US

"Switzerland and the United States have signed a controversial deal aimed at cracking down on wealthy American tax dodgers. The accord further undermines Switzerland’s tradition of banking secrecy. Finance Minister Eveline Widmer-Schlumpf told a news conference that Switzerland had decided to agree to a bilateral deal with the Internal Revenue Service (IRS) which allows for certain exceptions, notably for the Swiss insurance sector, pension funds and the Swiss National Bank. Swiss banks active in international financial markets have no choice but to apply the US rules, according to Widmer-Schlumpf." Continue reading →

Continue ReadingSwiss government signs tax compliance deal with US

Swiss government signs tax compliance deal with US

"Switzerland and the United States have signed a controversial deal aimed at cracking down on wealthy American tax dodgers. The accord further undermines Switzerland’s tradition of banking secrecy. Finance Minister Eveline Widmer-Schlumpf told a news conference that Switzerland had decided to agree to a bilateral deal with the Internal Revenue Service (IRS) which allows for certain exceptions, notably for the Swiss insurance sector, pension funds and the Swiss National Bank. Swiss banks active in international financial markets have no choice but to apply the US rules, according to Widmer-Schlumpf." Continue reading →

Continue ReadingSwiss government signs tax compliance deal with US

Rangel wants women to be drafted

"Rep. Charles Rangel (D-N.Y.) on Friday said he plans to introduce legislation that would bring back the military draft and extend it to women for the first time. Rangel, who has pushed for years to bring back the draft, said the Pentagon’s decision to allow women to serve in combat means that they too should register for the Selective Service. In an interview on MSNBC, Rangel said the draft should be reinstated because the majority of Americans make 'no real sacrifice' when the country goes to war." Continue reading →

Continue ReadingRangel wants women to be drafted

Ron Paul: Beware The Consequences of Pre-Emptive War

"Last year more US troops died by suicide than died in combat in Afghanistan. More than 20 percent of military personnel deployed to combat will develop PTSD. More than 20 percent of active-duty military are on potentially dangerous psychotropic drugs; many are on multiple types. Violent crime among active duty military members increased 31 percent between 2006-2011. The warning that 'he who lives by the sword dies by the sword' goes not only for individuals but for entire societies. It is a warning to all of us. A country or a society that lives with the violence of pre-emptive war in fact self-destructs." Continue reading →

Continue ReadingRon Paul: Beware The Consequences of Pre-Emptive War

Russian Foreign Minister: Russia will never involve itself in ‘another Afghanistan’

"The head of the Foreign Ministry said Russia has no intention of deploying its military to the Middle East or North Africa, where social and political crisis is rampant, opting instead to work diplomatically with legitimate governments. 'This is my answer to those who wonder why we are not fighting for our positions,' Foreign Minister Sergey Lavrov said on the 'Sunday Night with Solovyov' program. 'We will not be fighting for our positions…and creating 'another Afghanistan' for ourselves. Never, under no circumstances!' Lavrov was referring to the Soviet experience in Afghanistan (1979-1989), which is being played out in similar fashion today by the United States." Continue reading →

Continue ReadingRussian Foreign Minister: Russia will never involve itself in ‘another Afghanistan’

Egypt, Syria – it’s just the end of them

"Two years and 60,000 casualties into Syria's civil war, the foreign ministries of the West have nothing to show for their peacemaking efforts except a wad of airline and hotel receipts. Egypt is proceeding with grim inevitability towards financial exhaustion, and the government has just announced a three-pita-per-day bread ration. Most alarming is the emergence of a black market in Egyptian pounds, with a street rate February 10 of 6.95 pounds to the US dollar, against an official rate of 6.72. United States President Barack Obama has asked congress to renew Egypt's $1.8 billion in annual aid, but two-thirds of that is military assistance." Continue reading →

Continue ReadingEgypt, Syria – it’s just the end of them

The DEA Wants to Use a $37 Pot Sale to Seize a $1.5 Million Anaheim Building

"As it happens, the building owners are the kind of clients whom defense attorneys love to represent: law-abiding citizens. Specifically, they are married, in their late middle age and from Irvine. The wife is a dentist; the husband a computer engineer who holds a government security clearance, which is why the latter asked to remain anonymous. Although he feels he has done nothing wrong, he explains, even being accused of allowing his property to be used to break the law is embarrassing to him." Continue reading →

Continue ReadingThe DEA Wants to Use a $37 Pot Sale to Seize a $1.5 Million Anaheim Building

Afghan official: NATO airstrike kills 9 civilians, five children and four women

"A NATO airstrike struck two houses, killing as many as nine Afghan civilians and four insurgents in an eastern province near the Pakistani border, officials said Wednesday. The attack occurred about 10 p.m. Tuesday during a joint NATO-Afghan operation in the Shigal district of Kunar province, a lawmaker from the area said. The U.S.-led military alliance in Kabul said it was looking into the reports. Wagma Sapay, a member of parliament from Kunar, said the civilians killed were in one house while four senior Taliban leaders were slain as they were gathering next door in the village of Sharpool in the Chawkam area." Continue reading →

Continue ReadingAfghan official: NATO airstrike kills 9 civilians, five children and four women