Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24
US House Prices Trend Forecast 2024 to 2026 - 11th Oct 24
US Housing Market Analysis - Immigration Drives House Prices Higher - 30th Sep 24
Stock Market October Correction - 30th Sep 24
The Folly of Tariffs and Trade Wars - 30th Sep 24
Gold: 5 principles to help you stay ahead of price turns - 30th Sep 24
The Everything Rally will Spark multi year Bull Market - 30th Sep 24
US FIXED MORTGAGES LIMITING SUPPLY - 23rd Sep 24
US Housing Market Free Equity - 23rd Sep 24
US Rate Cut FOMO In Stock Market Correction Window - 22nd Sep 24
US State Demographics - 22nd Sep 24
Gold and Silver Shine as the Fed Cuts Rates: What’s Next? - 22nd Sep 24
Stock Market Sentiment Speaks:Nothing Can Topple This Market - 22nd Sep 24
US Population Growth Rate - 17th Sep 24
Are Stocks Overheating? - 17th Sep 24
Sentiment Speaks: Silver Is At A Major Turning Point - 17th Sep 24
If The Stock Market Turn Quickly, How Bad Can Things Get? - 17th Sep 24
IMMIGRATION DRIVES HOUSE PRICES HIGHER - 12th Sep 24
Global Debt Bubble - 12th Sep 24
Gold’s Outlook CPI Data - 12th Sep 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

More Reasons to Say 'Thanks' Before Waving Good-Bye to the United States

Politics / US Politics Dec 14, 2011 - 03:26 AM GMT

By: Jeff_Berwick

Politics

Best Financial Markets Analysis ArticleThis joyous holiday season, those still living in the US should give thanks for one thing: that it's not 2012 yet. If you haven't begun the countdown, now's the time. And there's not a whole lot left of it before it's too late.

You see, the overlords in DC have a host of new disciplinary and capital-control legislation ready to be unleashed upon the populace starting in less than a month.


So, in celebration of the coming new year, here are two more reasons to move your assets out of the good ol' "land of opportunity" immediately before 2012:

NEW LAWS, SAME OLD TOTALITARIANISM: CAPITAL CONTROLS

The Nazis used them. The Soviets used them. It's not as if capital controls are a new idea. Atlas is shrugging. And the kleptocrats in Congress have been frothing at the mouth hoping that the public indoctrination system worked its magic and has blinded you to the obvious closing net around you so you can't escape before it is too late. Before the capital controls soon to be unleashed by Obamacare, there was the aforementioned Dodd-Frank Act, and before that there was the HIRE Act, both of which "incentivize" Americans to keep their assets within the US.

A brief review: The Dodd-Frank Act, which has been in effect since July of 2010, prohibits U.S gold dealers from contracting with specified gold-supplying countries. Such prohibitions have probably already affected the price of gold. The fewer gold suppliers there are, of course, as demand continues to sky rocket, means the price continues to rise as well. There will be fewer (legal) gold dealers as our masters hope that Americans would tame themselves in light of such regulatory harnesses by investing in worthless domestic treasury bonds rather than looking for opportunities abroad. But wait, there's more...

The HIRE Act, in effect since March of 2010, bestows upon every foreign (and domestic) financial organization that receives income from all US tax-payers the duty to report the names, address, taxpayer identification number, balance, gross receipts and gross account withdrawls to the IRS annually. Just one more reason to say good-bye to your right to privacy if you don't say good-bye to the USA instead. Failure to comply with the US government "subjects the foreign entity to a 30% withholding tax on any payment of U.S.-sources investment income, including interest and dividends." The penalty "begins at $10,000, with an additional 40% tax underpayment penalty on underreported foreign assets." And last but not least...

THE FUTURE: "UNIVERSAL, GUARANTEED RETIREMENT ACCOUNTS"

Still have a 401K? Enjoy it while it lasts. Of course, soon those will belong to the state! While the government hasn't succeeded - yet - in mandating that your financial savings accounts be turned over to them, they are sharpening their knives. Since 2009 the socialists in power have been pushing hard for a "universal retirement system." As if the corrupt ponzi scheme, Socialist Security weren't an obvious enough failure in American central planning, the government is now pushing to confiscate your 401Ks by mandating a 5% payroll tax to be redistributed to the general population... well, in the end, the "general population" will get the scraps after government bureaucracy steals and destroys most of it.

ARE YOU GOING TO WAIT ANY LONGER?

Can you literally afford to wait until 2012? After all, as Gary Kinghorn reported yesterday, the US Government is already setting up detention centers and training the National Guard on how best to arrest, detain and re-train anyone in the population who doesn't want to go along. Just remember the 'mantra' being echoed in the National Guard video yesterday, "Of the troops and for the troops"! So much for supporting and defending the Constitution against all enemies foreign and domestic, eh?

This photo from a New Jersey army base in 1969, sent in from friend and TDV Subscriber Doug H., shows what many in the military consider freedom to be to begin with:

Obedience To The Law Is Freedom

We at TDV strongly advise that you invest your time in acquiring citizenship in another country, beginning the process by finding a new passport (check out our Dominican Republic passport program), other than the one forced upon you by the thieving hands of Uncle Sam. We highly recommend reading Mark Nestman's The Lifeboat Strategy and Terry Coxon's Unleash Your IRA for beginning the process of expatriation from the Empire. Or mull over a move to Doug's Gulch in Northern Argentina or Jeff's Gulch in Acapulco. The brutes of the American Empire and many of the western governments will only bear their teeth even more in 2012.

This holiday season, be thankful there's still time to find financial and personal opportunities outside the US. How much time, however, is another question.

Subscribe to TDV today (90 day moneyback guarantee) to access our Special Report on How to Own Gold as well as get complete access to our newsletter and portfolio selections.

The Dollar Vigilante is a free-market financial newsletter focused on covering all aspects of the ongoing financial collapse. The newsletter has news, information and analysis on investments for safety and for profit during the collapse including investments in gold, silver, energy and agriculture commodities and publicly traded stocks. As well, the newsletter covers other aspects including expatriation, both financially and physically and news and info on health, safety and other ways to survive the coming collapse of the US Dollar safely and comfortably. The Dollar Vigilante offers a free newsletter at DollarVigilante.com.

© 2011 Copyright Jeff Berwick - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in