Tag Archives: Crony Capitalism

Deloitte Rep. Warns China, Hong Kong To Sign FATCA Agreement

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“‘If the BVI and Caymans comply with the FATCA [Foreign Account Tax Compliance Act], this speaks volumes about the importance of this legislation to the world at large, let alone China and Hong Kong,’ said Patrick Yip, deputy national mergers and acquisitions leader at Deloitte Touche Tohmatsu. ‘China and Hong Kong financial firms that think by putting assets and income into BVI and Cayman companies they can avoid the reach of FATCA, they need to think again.’  Although a US law, FATCA applies worldwide to every financial institution that receives payments from US sources.  The mainland and Hong Kong should sign the agreements with the US to soothe their worries, he urged.”

http://www.scmp.com/business/economy/article/1299071/tax-evaders-feel-heat-havens

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Caymans win a free tax loophole in exchange for their FATCA signature

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“Minister for Financial Services Hon. Wayne Panton says FATCA may give an unexpected boost to tourism. When initialing the exchange agreement government negotiated a tax write off for those who hold conferences at hotels and business places in the Cayman Islands.  He says this added incentive may help draw people to these shores. ‘Historically, there has been a big question mark whether that is possible, whether it’s an appropriate deduction. We have had confirmation that this will be a benefit that results from this – so we are happy about that,’ said Minister Panton.”

http://isaacbrocksociety.ca/2013/08/26/caymans-win-a-free-tax-loophole-in-exchange-for-their-fatca-signature/

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The Empire’s Next Effort to Extract Your Wealth

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“Since before the tech bust, we’ve been suggesting that while Americans ‘think’ they’re getting richer… they’re actually heading in the other direction. They’re getting poorer. This proposition has been easier for folks to entertain since housing busted and the financial crisis reversed the “wealth effect” in 2008. With that in mind, let’s take a look at the logic of the American Empire and what you can expect in the year(s) ahead.”

http://dailyreckoning.com/the-empires-next-effort-to-extract-your-wealth/

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Ron Paul: Middle of the Road in Healthcare Leads to Socialism

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“Beginning in the 1940s, government policies distorted the health care market, causing prices to rise and denying many Americans access to quality care. Congress reacted to the problems caused by their prior interventions with new interventions, such as the HMO Act, ERISA, EMTLA, and various federal entitlement programs. Each new federal intervention not only failed to fix the problems it was supposedly created to solve, it created new problems, leading to calls for even more new federal interventions. This process culminated in 2010. Contrary to the claims of some of its opponents, Obamacare is not socialized medicine. It is corporatized medicine.”

http://www.lewrockwell.com/2013/08/ron-paul/the-commie-doctor-wont-see-you-now/

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Julian Assange on Google and the NSA: Who’s holding the ‘sh*t-bag’ now?

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“Google started out as part of Californian graduate student culture around San Francisco’s Bay Area. But as Google grew it encountered the big bad world. It encountered barriers to its expansion in the form of complex political networks and foreign regulations, it started leaning heavily on the State Department for support, and by doing so it entered into the Washington DC system. A recently released statistic shows that Google now spends even more money than Lockheed Martin on paid lobbyists in Washington. That Google was taking NSA money in exchange for handing over people’s data comes as no surprise. When Google encountered the big bad world, Google itself got big and bad.”

http://thestringer.com.au/google-and-the-nsa-whos-holding-the-shit-bag-now/

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The Closed Door Silicon Valley Meeting with Treasury Secretary Lew

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“Last week Thursday, Treasury Secretary Jack Lew visited the west coast and had a closed door meeting with key players from Silicon Valley. The meeting was held in Mountain View, California at the headquarters of Facebook. EconomicPolicyJournal.com has obtained the list of attendees.  How would you like to be able to make your investment and business decisions after attending a meeting like this?”

http://www.economicpolicyjournal.com/2013/08/the-closed-door-silicon-valley-meeting.html

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Bill Bonner: ‘Return to Zombieland’

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“It’s a gold rush. People now come to Washington to get rich. That was never the defining ethic of the town, certainly 30 years ago. There is now so much money. It is now the wealthiest community in the United States. It is home to 7 of the wealthiest 10 counties in the United States. If you can sell yourself as someone who knows how Washington works, someone who has these relationships, someone who can get on the phone and get the president of the United States… that’s a very, very marketable commodity. I mean, if you are seen as someone who knows how this town works, someone who is a usual suspect in this town, you can dine out for years. That’s why no one leaves.”

http://beforeitsnews.com/alternative/2013/08/return-to-zombieland-2748724.html

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America’s Gilded Capital

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“Bill talks with journalist Mark Leibovich about his latest book, This Town, a city where money rules and status is determined by who you know and what they can do for you.”

http://vimeo.com/72980504

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Energy Manipulation

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“Big natural gas users and environmentalists have foreign allies, suggested by the statement of Saudi Prince Alwaleed bin Talal, who told Saudi Arabia’s oil minister that rising American shale gas production is ‘an inevitable threat.’ Nigeria’s oil minister agrees, saying that U.S. shale oil is a ‘grave concern.’ In light of these foreign ‘concerns’ about U.S. energy production, one wonders whether foreign countries have given financial aid to U.S. politicians, environmentalists and other groups that are waging war against domestic oil and natural gas drilling. It would surely be in their interests to do everything in their power to keep the West dependent on OPEC nations for oil and gas.”

http://www.lewrockwell.com/2013/08/walter-e-williams/the-fascist-alliance/

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News Flash: Obama Doesn’t Work for You

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“Politicians can’t seem to identify any ‘legitimate’ US ‘interest’ that war would serve; polls show that the public opposes the project; military leaders, when pressed to propagandize for intervention, have instead repeatedly cautioned that war would likely boost the fortunes of al Qaeda and other groups who have been designated ‘the enemy’. Nonetheless, US President Barack Obama seems to have decided that military action is the only way to get whatever it is that he thinks he wants. He’s ordered the release of a ‘report’ purporting to ‘justify’ military action, his minions are falling into line, and world media are beginning to paint war as inevitable. If all this seems confusing and counter-intuitive, here’s why.”

http://c4ss.org/content/21046

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