Tag Archives: Latin America

Big Hedge Funds Roll Dice on Puerto Rico Debt

Posted on by

“Several large hedge funds doubled down on Puerto Rico in last month’s giant bond sale despite the U.S. territory’s financial struggles, according to confidential documents reviewed by The Wall Street Journal.  Hedge funds and other nontraditional buyers of municipal bonds bought around 70% of the deal when it was offered, according to calculations based on the document—an atypically high level for municipal-bond offerings. Many investors said they were drawn by the high yields and discounted price, though market participants said another major draw for buyers was the prospect of boosting the value of their existing investments in the island.”

http://online.wsj.com/news/articles/SB10001424052702303873604579491992862363698

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Venezuela issues ID cards to curtail food hoarding

Posted on by

“Battling food shortages, the government is rolling out a new ID system that is either a grocery loyalty card with extra muscle or the most dramatic step yet toward rationing in Venezuela, depending on who is describing it.  Registration began Tuesday at more than 100 government-run supermarkets across the country.  Patrons will register with their fingerprints, and the new ID card will be linked to a computer system that monitors purchases. On Tuesday, Food Minister Felix Osorio said the process was off to a smooth start. He says the system will sound an alarm when it detects suspicious purchasing patterns, barring people from buying the same goods every day.”

http://bigstory.ap.org/article/venezuela-issues-id-cards-curtail-food-hoarding

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

St Lucia considers economic citizenship to boost investment

Posted on by

“Describing the current economic climate as ‘severe, debilitating and oppressive’ Prime Minister Kenny Anthony, who is preparing to present the 2014/15 national budget said St Lucia may well have to look at initiatives that it once ‘frowned upon’.  Anthony said some Caribbean countries are granting economic citizenship to persons out of Asia, but once that happens those persons are ending up in St Lucia and establishing themselves on the island.  Other countries in the region, including Dominica, St.Kitts Nevis and Antigua Barbuda have launched their citizenship by investment programmes, which grants citizenship of a country to individuals who invest money to a country’s development.”

http://dominicavibes.dm/st-lucia-considers-economic-citizenship-to-boost-investment/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Peter Schiff Goes to Puerto Rico

Posted on by

“Once I officially move to Puerto Rico, then I can get tax-free dividends on Puerto Rican-sourced income, which would include my business that has moved to Puerto Rico.  I can also make investments in the stock market and enjoy zero capital gains tax. Once I move to Puerto Rico, I can trade IBM as often as I want, and no matter how much money I make, I pay zero capital gain taxes in Puerto Rico, and I pay zero capital gain taxes in the United States.  So pretty much anything that you can do via the Internet, via the telephone, if you do it from Puerto Rico, you’re going to hardly pay any income tax, which is kind of the way it used to be in America.”

http://www.internationalman.com/articles/peter-schiff-goes-to-puerto-rico

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Doug Casey on the Debasement of Money, Language and Banking

Posted on by

casey1202

“I actually just managed to put a little bit of money into a stock trading on the Mongolian stock exchange that is investing in North Korea that makes sense to me. There are always anomalies out there; there are always speculations. My cattle herd here in Argentina keeps growing, and cattle are a truly great investment now – especially here. Next week, I’m flying to Albania to scope out what might be a major oil deal. Perhaps a mania will develop in the companies that are legally growing marijuana in Canada, a space where I recently made an investment. I’m getting involved in a private deal, to export jade from Guatemala to China.”

http://www.thedailybell.com/exclusive-interviews/35182/Anthony-Wile-Doug-Casey-on-the-Continuing-Debasement-of-Money-Language-and-Banking-in-the-Modern-Age/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

US covertly built Twitter-like service to stir anti-Castro dissent

Posted on by

“The US government secretly masterminded the creation of a Twitter-like communications network in Cuba aimed at fueling political dissidence by sidestepping the strict Internet filtering systems in the communist nation.  The program, codenamed ‘ZunZuneo’, was operated by the US Agency for International Development (USAID) and was supported by foreign bank financing and the use of secret shell companies, the Associated Press reported Thursday. USAID, which is charged with stabilizing countries and delivering humanitarian aid to poor nations, describes its mission as working on ‘the same problems as our military using a different set of tools.'”

http://arstechnica.com/tech-policy/2014/04/us-covertly-built-twitter-like-service-to-stir-anti-castro-dissent/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Colombia Stops Short of Bitcoin Ban, Bars Banks From Industry

Posted on by

“Despite reports that the SFC could enact harsh restrictions on bitcoin – one report suggested it would go so far as to ban bitcoin transactions altogether, the SFC issued what amounted to a boilerplate warning to consumers, and blocked financial institutions from holding, investing in or brokering bitcoin transactions.  The release indicated that bitcoin fails to meet the definition of a currency according to the criteria set forth by the International Monetary Fund (IMF), as it is not backed by a central bank.  Further, the SFC reiterated that digital currencies can be used for illicit means, including money laundering and terrorist financing.”

http://www.coindesk.com/colombia-stops-short-bitcoin-ban-bars-banks-sector/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

BitPagos is Bringing Bitcoin to the Developing World

Posted on by

“While Americans, Europeans, Australians, and other members of developed nations are not trying to flee their local currencies to find a safe haven for their savings, there are plenty of people in South America and other parts of the world where the local currency has detrimental effects on the well-being of the individuals in that country. BitPagos’ services can be used in almost any part of the world where bitcoins could be viewed as an alternative to the local fiat currency.  People in places like Venezuela are looking to flee the local currency and get into bitcoins, not the other way around. This is the aspect of Bitcoin adoption in developing nations where BitPagos can help the most.”

http://www.cryptocoinsnews.com/news/bitpagos-bringing-bitcoin-developing-world/2014/04/04

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Argentina inches toward economic crisis, again

Posted on by

“Inflation is accelerating and projected to hit 40% in 2014, according to Sergio Berensztein, director of Poliarquía Consultores. Unofficial estimates put the inflation rate at above 25% in 2013, much higher than the official government rate of 10.9% — a figure few believe, Berensztein says.  A study from consultancy Estudio Bein estimates inflation has eroded wages nearly 10% over the past four months. The Argentine peso was devalued nearly 20% in January, further diminishing purchasing power and making imported items more expensive.  Moody’s downgraded Argentina’s sovereign rating March 17 to Caa1, seven levels below investment grade status, Bloomberg reported.”

http://www.usatoday.com/story/money/2014/04/01/argentina-economy-inflation/7011063/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Pocket Enormous Tax Savings in Puerto Rico

Posted on by

“Never before have such incredible tax incentives been available to Americans so easily.  You see, to spur job growth and economic activity in general, the Commonwealth of Puerto Rico introduced these enormous tax incentives for incoming residents and service businesses.  Specifically, for Puerto Rican residents and businesses that qualify—mostly expatriates from the US mainland or their enterprises—the recently enacted Act 22 and Act 20 provide for a zero tax rate on capital gains and certain interest and dividends earned by individuals.  And, if you a run a business that exports services like I’m doing here, they also provide for low single-digit tax rates on your profits.”

https://www.caseyresearch.com/cm/pocket-enormous-tax-savings-in-puerto-rico

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet