“You never hear of financially sound countries, like Switzerland, Singapore, or Hong Kong, advocating privacy-killing measures like FATCA. You never hear their governments denouncing the supposed ‘danger’ of tax havens. It’s only the bankrupt states drowning in debt – like the US, France and the UK – that have become hostile to privacy. The hostiles have won. Practically speaking, financial privacy is dead. Given what has happened, it’s only prudent to assume that sooner or later all the details of your financial life will come to rest in a government computer – if they’re not sitting there already. You should plan accordingly.”
Related posts:
Snowden vs. the Soyuz
Why Whiskey Was Money, and Bitcoins Might Be
Central Banks and Our Dysfunctional Gold Markets
San Francisco still has a seedy heart
Bitcoin developer: Are bitcoin thieves revealing NSA back doors?
Jeffrey Tucker: How the Internet Saved Civilization
Timing the Collapse: Ron Paul Says Watch the Petrodollar
FDR: Sowing the Seeds of Chaos
Bill Bonner: What a Wheeze!
The Panthers Were Right and Reagan Was Wrong on Gun Control
Fifteen Benefits of the War on Drugs
An Expatriate's View of Vietnam
Ron Paul and the Future - Llewellyn H. Rockwell, Jr.
Zoning’s Racist Roots Still Bear Fruit
Why US government IT fails so hard, so often