Beijing Subway, Line 13, morning rush hour – just a little crowded
"July 18, 7:30 am, likely the Xierqi subway station on Line 13." Continue reading →
Doug Casey: Fact Gold Went Down is Marvelous
"Kitco News catches up with Doug Casey to talk about gold, the Fed, inflation and the future of the US. 'Gold is a way you save, it is a way to put capital aside for further use,' said Casey. He is glad gold prices are down and will continue to buy the metal. Casey also talks about the importance of diversifying assets internationally and talks about his book 'Totally Incorrect.' Watch now to hear his thoughts on the markets and precious metals." Continue reading →
Which Countries Can The NSA Whistleblower Escape To?
"An extradition treaty is a legal mechanism that countries use to transfer people to another country for numerous reasons. The terms and conditions of extradition treaties vary due to the circumstances of each individual case and also from country to country. Some countries (like France and Brazil) will not extradite their own citizens no matter what. Generally speaking, in order for extradition to be successful, the suspected criminal act must not be political in nature, it must be recognized as a crime in both jurisdictions, and the suspect must not be in danger of receiving the death penalty or torture if transferred." Continue reading →
If Edward Snowden Had Read This Book …
"In most countries, extradition is not automatic. A hearing is usually required, with the person subject to extradition given the opportunity to argue his or her case. Some countries, such as Brazil, almost never allow extradition. Many refuse to return a person they deem to be wanted for 'political' offenses. Usually, an extradition request seeks persons facing criminal prosecution or an already convicted escapee, but there are other grounds for such official demands. Generally, tax offenses have not been extraditable. However, fraud per se is an extraditable offense, so a government that wants to pursue a tax case claims 'tax fraud.'" Continue reading →
Taxpatriate? Tax dodgers welcome to leave, not welcome to return
"An amendment to the Homeland Security Bill has been proposed banning US expatriates who have renounced their US citizenship or long-term residence in order to escape US tax obligations from entering the country. The amendment would mean that former citizens of the United States who officially renounced United States citizenship and who have been determined by Homeland Security to have done this for the purpose of avoiding US tax obligations are inadmissible. Furthermore, covered expatriates unable to present evidence that they renounced US citizenship with the purpose of avoiding US tax obligations would also become inadmissible." Continue reading →
US Is World’s Largest Tax Haven
"What is the world's largest tax haven? If you guessed any country in the Caribbean, South Pacific, Asia, the Middle East, Africa, Central or South America or Europe, then you would be wrong. Only the United States can lay claim to that title. Ever since the French loaned money to the struggling revolutionaries who defeated the British to create the United States, to today where the Chinese are buying U.S. Treasury debt, the United States would not be able to maintain its economy without large inflows of foreign capital. Foreign investors can invest in the United States virtually tax free — in structures that are legally protected from risks and, currently, with secrecy." Continue reading →
Lies, Damned Lies, and Statistics… at FreedomFest
"Don’t believe everything you’re told by promoters about second citizenship and passports. They may be entertaining and persuasive, but they can get you into some serious trouble. Same goes with anyone who promises that you can somehow hide your offshore holdings from the IRS. You’re asking for a world of trouble (not to mention setting yourself up to be blackmailed). Look, I’ve been in asset and privacy protection business for more than a quarter century. I’ve seen these things come and go. And, from experience with thousands of clients, I can tell you that the only proper way to do this is the legal way." Continue reading →
Foreign Banks And Brokers Are Refusing Overseas Accounts for American Customers
"Registration with the SEC and compliance with SEC regulations is a greater burden than foreign banks or brokerages want to bear. As a result, even long-time, law-abiding Americans have seen their foreign accounts closed. Americans now seeking to set up overseas accounts with foreign-based institutions are almost always turned away. It has been a standard development throughout history that any country’s government that made it difficult for its citizens to move assets beyond the borders of the nation descended into totalitarianism. If it didn’t eventually allow free capital flows, then that government ultimately failed." Continue reading →
Americans Are on a Tight Leash
"Dealing with the burdens associated with citizenship-based taxation is an unfortunate fact of life for Americans. It is not likely to change in the foreseeable future. In fact, I would bet that the burdens will actually increase as the US government becomes more financially desperate. Which is a significant incentive to act sooner than later… or before it is too late altogether. However unpleasant this reality is, it does not negate the need to internationalize. Quite the contrary. As spending on welfare/warfare related programs continues to rise, it is clear that the US government will sink deeper into fiscal and moral bankruptcy, with political risk increasing in tandem." Continue reading →
Be Prepared When the ATMs Go Dark…
"Best way to establish a 'go-to' fund is by buying gold bars in the largest size you can afford and storing them in your name overseas. Here’s why this is the smartest play: 1) Overseas gold storage is not reportable as long as it is not tied to a foreign bank account. 2) Buying gold in the largest amount you can afford is more financially sound than buying it in smaller bars or buying fractional gold. 3) In the event that you need to sell your gold to access cash, large banks and precious- metals dealers are more likely to want to purchase large gold allotments rather than several smaller ones. This provides superior liquidity in times of need." Continue reading →
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