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$3 Trillion Black Hole Could Destroy Economy: “True Extent of Pension Problem Has Been Obscured”
$3 Trillion Black Hole Could Destroy Economy: “True Extent of Pension Problem Has Been Obscured” Yet another reason why taxes are going up, cities and states are going broke, and the world is approaching financial implosion… As if the world needed another dangerous and volatile factor in the mix of looming economic downturn. Unfunded liabilities […]
Hate Taxes? You Certainly Are Not Alone…
Hate Taxes? You Certainly Are Not Alone… At this time of the year, millions of Americans are rushing to file their taxes at the last minute, and we are once again reminded just how nightmarish our system of taxation has become. I studied tax law when I was in law school, and it is one […]
The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless
The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds. The bombshell publication of the “Panama […]
The Panama Papers: Oozing Slime
The Panama Papers: Oozing Slime dennizn | Shutterstock.com The Panama Papers, a one-year investigation by over 100 reporters worldwide (The International Consortium of Investigative Journalism) of offshore money hiding/laundering/taxation avoidance, is a cause célèbre of underhandedness seldom, if ever, revealed to the world’s public. It is comparable to lifting a rotting log in the woods and finding […]
Panama partners in crime
Panama partners in crime “We have broken no laws and cooperated with the government at all times.” Variations of that statement seem to be the default defence of everyone from bankers to politicians when their names come up in the Panama Papers. In the UK the latest to resort to some version of it, was first Downing […]
The Panama Papers Problem
The Panama Papers Problem The Panama tax haven leaks reveal a lot about the lawlessness of the rich, as well as the ideological bias of the western press. “Vladimir Putin’s name appears nowhere, but the corporate media used his image repeatedly to drum up interest in what is an otherwise newsworthy story.” Americans are conspicuous by their […]
Panama Papers only a glimpse into ‘astonishing’ wealth stashed offshore
Panama Papers only a glimpse into ‘astonishing’ wealth stashed offshore Some estimates suggest between 8 and 14 per cent of global wealth is kept in tax havens It’s estimated that at least $7 trillion and up to $32 trillion is currently kept in holdings in tax havens. (Eric Gaillard/Reuters) The provocative revelations coming out of […]
Rothschild Humiliates Obama, Reveals That “America Is The Biggest Tax Haven In The World”
Rothschild Humiliates Obama, Reveals That “America Is The Biggest Tax Haven In The World” In his speech yesterday, following the Treasury’s crack down on corporate tax inversions, Obama blamed “poorly designed” laws for allowing illicit money transfers worldwide. Since the speech came at a time when the entire world is still abuzz with the disclosure from the […]
Panama Papers: Iceland’s PM resigns over offshore tax haven revelations
Panama Papers: Iceland’s PM resigns over offshore tax haven revelations Sigmundur David Gunnlaugsson denied any wrongdoing amid protests by thousands Iceland’s Prime Minister Sigmundur David Gunnlaugsson, seen Tuesday, and his wife have come under fire for being linked to an offshore company that may represent a severe conflict of interest. (Bertil Enevag Ericson/Scanpix/Reuters) Iceland’s embattled […]
The Panama Papers
The Panama Papers A lot of emails have been coming in with regard to the Panama Papers. Let me say this from the outset — Panama has been the key place to establish offshore accounts for decades. This was not a government hack. The German daily Suddeutsche Zeitung obtained the stash of records from an anonymous […]
Illinois on the Brink of Bankruptcy
Illinois on the Brink of Bankruptcy The Hunt for Taxes The pension crisis is brewing and the one state that appears to be heading toward a complete bankruptcy is Illinois. Clients should not own ANY debt from Illinois, be it city, municipal, or state. Just get out before the curtain falls. The Illinois Constitution plainly states […]
How Stupid Do You Have To Be To Let This Happen?
How Stupid Do You Have To Be To Let This Happen? Europe is the birthplace of Western civilization and the source of most of the trends and bodies of knowledge that define modernity. The average European speaks several languages versus sometimes less than one for Americans. They are, in short, a well-schooled people with vast […]
Is it Government or Oligarchs?
Is it Government or Oligarchs? QUESTION: Martin, I am a capitalist and what we have today is the least efficient form of capitalism. Actually it is quite a destructive and dangerous form of capitalism when the concentration of power reaches this level. I think that in all these years that I thought we were talking about different […]
Remember the people involved
Remember the people involved When I was in University, I vividly remember one of my economics professors telling students to always remember the people involved when analyzing a policy change. I was reminded of this sage advice upon reading Matthew McCaffery’s Mises Daily article titled, “Who will pay for it?” is the wrong question to ask […]
Politicians push nuclear ‘poison pill’
Politicians push nuclear ‘poison pill’ Construction of a new nuclear reactor in Flamanville, France, is already six years behind schedule. Image: schoella via Wikimedia Commons The economics of nuclear power in Europe are in meltdown, leaving taxpayers facing a heavy burden as the industry clings to pledges of huge public cash injections. LONDON, 21 March, 2016 – The deeply […]
