Jeffrey Tucker: Greeks Prepare to Be Pillaged

“One thing needs to be said about this frantic authoritarian approach: It never works. Bank closings add to the atmosphere of panic. They are often followed by an announcement that the government is going to devalue or outright steal people’s money. Whatever trust remains in the system is drained away along with the value of the currency.  But there’s another factor in play, for the first time. People are looking at Bitcoin as a way to store and move money.  There is now a Bitcoin ATM in Athens that is reportedly doing a brisk business. Redditors are sharing tips. And, of course, the exchange rate of Bitcoin is on the move again.”

http://fee.org/anythingpeaceful/detail/greeks-prepare-to-be-pillaged

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Capital Controls and a Bank Holiday in Greece

“When you hear a central banker or politician deny that something is going to happen to bank depositors, you can almost be certain that it will happen. And probably soon.  There’s a reason for the dishonesty. The government needs to take the public by surprise. Otherwise they won’t get the results they want from capital controls or a bank holiday.  Calling the experience a bank holiday is like calling a street mugging a surprise party.  Once the banks are closed – or on ‘holiday,’ as the government puts it – the politicians are free to help themselves to as much of the customer deposits (including yours) as they want. It’s like an all-you-can-steal buffet.”

http://www.internationalman.com/articles/capital-controls-and-a-bank-holiday-in-greece-heres-how-you-can-profit

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The End Game, or Just a Pause?

“In true dramatic fashion, the Greek government submitted an 11th-hour proposal late yesterday that meets most creditor demands, in exchange for a new 53.5 billion euro bailout … Greece’s third since 2011.  In fact, details of the proposal, including spending cuts, pension reform and tax hikes, are nearly identical to the offer made by European creditors way back on June 26, which was summarily rejected by the Greek government, and then by voters in a July 5 referendum.  Hmm … the more things change, the more they stay the same.”

http://www.moneyandmarkets.com/end-game-just-pause-72130

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China and Russia Lay Foundation for Massive Economic Cooperation

“Russian and Chinese leaders are considering combining their two countries’ regional economic projects — the Eurasian Economic Union and the Silk Road Economic Belt, respectively.  While meeting at a two-day summit of the Shanghai Cooperation Organization in Ufa, Russia, Russian President Vladimir Putin and Chinese President Xi Jinping are reportedly discussing a framework that would merge China’s multi-billion dollar network of roads, railways, and pipelines through Central Asia with the Eurasian Union, the post-Soviet economic bloc that includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia.”

http://foreignpolicy.com/2015/07/10/china-russia-sco-ufa-summit-putin-xi-jinping-eurasian-union-silk-road/

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The Ultimate Privacy Protection: Foreign Real Estate

“If you own a foreign property in your own name … registered to you as a legal person in your own right … you are under no obligation whatsoever to report its existence to the U.S. government. Even if you earn income from the property, such as rental, you don’t have to identity the property when you file your U.S. tax returns.  If you own property in a foreign country, it doesn’t form part of any U.S. property registry or tax database. There’s no way anyone can find out that you own it … with two exceptions.”

http://thesovereigninvestor.com/asset-protection/privacy-protection-techniques/

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A Second Passport: Outsmart the TSA

“Avoiding visas and anti-U.S. sentiment isn’t the only reason a second passport comes in handy. Privacy is a huge bonus. I regularly visit countries that don’t penalize U.S. visitors using my second passport. I do this specifically to avoid having entry and exit stamps in my U.S. passport, where TSA snoops can see and record them. My international travels are all for perfectly legitimate reasons. But so were those of Laura Poitras, a U.S. journalist and filmmaker who has been subjected to detention, confiscation of her personal effects, and other forms of harassment at the U.S. border — all because she is openly critical of the U.S. government’s abuse of our constitutional rights.”

http://thesovereigninvestor.com/asset-protection/advantages-of-a-second-passport/

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“Contempt for the Screening Process”, 91 Other Reasons You’re a Terrorist

“It’s true that TSA’s physical screeners are embarrassingly bad at their jobs, failing to notice 95% of threats in tests by Homeland Security.  But TSA also has Behavior Detection Officers. These super agents can spot terrorists just by looking at them. Now, thanks to a leaked TSA checklist (and scorecard) of suspicious behaviors, you can too!  The document shows 92 different behaviors that can flag you as suspicious — such as being too happy (or too sad); having ‘sweaty palms’ or ‘rubbing hands’; ‘arriving late’ and ‘body odor’; ‘gazing down’ or ‘open staring eyes’ — to which ‘points’ are attached.  If you score six or more points, you win a trip to enhanced screening and a police interrogation.”

http://fee.org/anythingpeaceful/detail/complaining-about-tsa-and-91-other-signs-youre-a-terrorist

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Will Freedom to Remove Eyebrow Hair Make Texas a “Dangerous” Place?

“It’s a tremendous victory for individual rights and for the politically powerless. And progressives are terrified of it.  The Texas Department of Licensing and Regulation issued $2,000 penalties to threaders across the state and ordered them to quit their jobs until they completed 750 hours of coursework (not a second of which is devoted to eyebrow threading) in private beauty schools, costing between $7,000 and $22,000, and pass two examinations (neither of which tests eyebrow threading).  Would-be threaders have to pay for the training and lose the opportunity to make money threading eyebrows. The court concluded that the regulations imposed an unconstitutionally oppressive burden.”

http://fee.org/anythingpeaceful/detail/slate-writer-freedom-to-thread-eyebrows-will-make-texas-a-dangerous-place

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The EU Blacklist: A Warning for Investors to Stay Away?

“There are 30 ‘non-cooperative’ countries, including tiny Niue in Polynesia, a country of just 1,600 people living at a subsistence level. That the EU sees this country as a threat borders on the ridiculous and shows that their motives are about control and not an honest warning that a country is abetting terrorists. It seems increasingly clear that the EU took the shotgun approach here: anybody not in the US/EU club is characterized as ‘non-cooperative.’  Until now, the targeted countries have been tolerating this economic bullying, but this latest attack has provoked some pushback.”

http://www.internationalman.com/articles/the-eu-blacklist-a-warning-for-investors-to-stay-away

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China: Risks … and Opportunities

“The meltdown in Chinese stocks presents both risk of contagion for global stocks, including our markets, and a great buying opportunity in the making for global-oriented investors.  China’s mainland Shanghai Index soared 150% higher in just 12 months through mid-June. These eye-popping gains were fueled in large part by a massive expansion in margin lending, most of it off-the-books. A few weeks ago, officials in Beijing believed stocks could be getting overheated and decided to crack down on margin trading. Since then, Shanghai shares have plunged about 30% and have been down 13 straight days.”

https://www.moneyandmarkets.com/china-risks-opportunities-72093

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