Monthly Archives: April 2013

Helmut Kohl: ‘I acted like a dictator to bring in the euro’

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“The Kohl administration actually donated funds to French politicians to influence French domestic opinion. And now it turns out that Kohl himself confesses he ‘acted like a dictator’ to ensure that Germany adopted the euro.  Kohl explains that he acted like a dictator because he believes a centralized Europe with a single currency is the greatest hope for a peaceful Europe. Of course, there are plenty of questions about Europe’s last two wars. If it is true, as history books now allege, that Adolf Hitler and National Socialism received a good deal of funding from American and British industrialists, then it would seem the historical recipe is incorrect.”

http://www.thedailybell.com/28962/Dictators-Always-Miscalculate

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France’s President Hollande: Eradicate tax havens

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“We think we can recognize a dominant social theme when we see one. This sudden emphasis on eradicating tax havens is a manufactured media firestorm, intended to go on and on until there are few places to hide money from increasingly demanding governments.  Believe, if you wish, that taxes are a legitimate duty of citizens in the 21st century. This argument still begs the question of why, in an era of central banking, governments need to collect taxes. Banks can print as much as is necessary. And according to such wise men as Ben Bernanke, banks can also drain money if the economy is getting overheated. So why taxes?”

http://www.thedailybell.com/28966/Tax-Havens—Surely-a-Meme

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Hungary receives 422,000 applications under new citizenship-by-descent program

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“According to the government website allampolgarsag.gov.hu, Hungarian authorities have received over 422,000 applications since January 2011, and more than 340,000 people have been granted citizenship.  Under Hungary’s dual citizenship law, people who were Hungarian nationals before 1920 or between 1938 and 1945 or their descendants may apply for Hungarian citizenship under a fast-track procedure, if they speak Hungarian and if they do not pose a public safety or national security risk.”

http://www.politics.hu/20130408/govt-declines-to-reveal-reason-for-rejection-of-2500-citizenship-applications/

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Americans in Canada can face complex tax situation

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“About 1 million Canadian residents are ‘U.S. persons’ who are required by U.S. law to file U.S. tax returns as well as Canadian tax returns. The definition of a U.S. person includes those born in the U.S., children of American-born parents and green card holders.  The problems are the punitive IRS penalties and criminal prosecution threats for failure to complete the many required annual information returns.  For those who do not plan to return to live in the U.S., these extremely high penalties for not filing annual forms are encouraging U.S. persons in Canada to find out how to relinquish their U.S. citizenship.”

http://www.thestarphoenix.com/business/Americans+Canada+face+complex+situation/8209390/story.html

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Rules Aimed at Tax Evasion Abroad Trip Up Average Americans

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“Many middle- and upper-middle-class Americans have found it more and more difficult to comply with requirements on reporting the existence and value of bank accounts overseas and to reconcile the taxes of different countries.  At the same time, Americans from immigrant families who have bank accounts in their home countries that they may have overlooked are being swept up by the same laws used to ferret out millionaires and billionaires stashing money in secret Swiss accounts. The Internal Revenue Service has increased its examination of such accounts, lawyers said, with serious penalties for those who have not reported them.”

http://www.nytimes.com/2013/04/06/your-money/rules-aimed-at-tax-evasion-abroad-trip-up-average-americans.html?_r=3&&pagewanted=all

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Austria, Luxembourg to give up banking secrecy for foreigners

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“Austria has initiated the abolition of banking secrecy for foreigners and will begin talks with the European Union (EU) over automatic information exchange, Austrian Chancellor Werner Faymann said Tuesday.  Up to now Luxembourg and Austria have been the only two EU nations to refuse to disclose the identity of bank account holders from other EU countries. Luxembourg announced during the weekend its own intention to give up the practice for foreigners.  Faymann added that the practice of tax avoiding through falsifying tax liabilities had to be stopped.”

http://www.nzweek.com/business/austria-to-give-up-banking-secrecy-for-foreigners-58844/

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Spain opposes extradition of Swiss bank data thief

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“Swiss authorities want Hervé Falciani, a French-Italian citizen arrested in Barcelona in July 2012 and then granted conditional release, sent back to Switzerland to face charges of breaching banking secrecy. The files, which were subsequently relayed by French investigators to their counterparts in the United States, Spain, Italy and several other European Union countries, led to a raft of prosecutions.  He told the court he obtained the files from colleagues and said the information was so abundant that ‘if printed, it would fill an entire freight train.’  Falciani said he informed Swiss authorities in 2008 but they refused to let him make an anonymous complaint.”

http://www.thelocal.ch/page/view/spain-opposes-extradition-of-swiss-bank-whistleblower

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Fr33 Aid Abandons Non-Profit Tax Status in Favor of Bitcoin

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“Many organizations seek non-profit recognition from the IRS in an attempt to protect themselves from asset confiscation. In April 2012, Fr33 Aid applied for this privileged status, but since then the process has been nothing but a bureaucratic nightmare. Today Fr33 Aid announced they have abandoned their IRS application and adopted bitcoin as their primary financial instrument.  Fr33 Aid Treasurer, Teresa Warmke said:  ‘Now that there are ways for us to do banking without government involvement, we decided fulfilling (IRS demands) would not be a responsible way for Fr33 Aid to spend its money nor for our volunteers to spend their time.'”

http://dailyanarchist.com/2013/04/15/fr33-aid-abandons-non-profit-tax-status-in-favor-of-bitcoin/

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A Silver Lining That Could Double Your Money

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“Coming off the gold standard in 1971 ensured a new volatile rise in commodity prices would continue.  That means that savvy investors should own assets that rise along with inflation. Precious metals are a good option – and given its current position, my choice would be silver.  Silver’s drivers are still in place, and because no one wants silver right now, it’s a great contrarian play.  I believe silver offers great risk-reward right now, which is the final reason it’s a buy.”

http://sovereign-investor.com/2013/04/15/a-silver-lining-that-could-double-your-money/

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Is the Boston Bombing the “Moral Equivalent” of Drone Strikes?

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“While Obama demands justice in the Boston bombing, he is silent about his own role in setting off bombs in overseas countries. If the U.S. drones have killed about 4,700 people abroad, then we are talking about something that dwarfs the horror of what happened at Boston. I am not speaking of tit-for-tat. However, I am sure that the horror that people in Muslim countries experience at a drone strike is every bit as awful as what people experienced in Boston yesterday. I do not believe that we are free to denounce the evil at Boston and cheer on the evil our government perpetrates overseas. We must denounce both or risk being the worst hypocrites on the planet.”

http://www.lewrockwell.com/blog/lewrw/archives/135665.html

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