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Updated: 4 hours 50 min ago

The Illusion Of The Value Of The Dollar

Tue, 09/30/2014 - 05:42

[The following post is by TDV Chief Editor, Jeff Berwick]

If you solely pay attention to the mainstream media headlines you will be so woefully misinformed that you would be better off not reading them at all.

Here is a sample of recent headlines:

"US dollar surges to record high," the headlines screamed in unison. As the dollar rally persisted, so did the headlines.

"The U.S. dollar is on top of the world," wrote CNN.

"The momentum of the dollar's advance is unprecedented," said analysts at Société Générale in a note Monday morning.

"King of the World: Why the Almighty US Dollar Dominates," stated another online, yet lesser known website.

"Dollar leapfrogs forecasts in world-beating rally," wrote Businessweek.

What is missing amongst these headlines is any sense of perspective.  The dollar is not really rising in value.  Other assets may be falling in relation to the dollar at the moment but, certainly, by any estimation, the dollar has not risen in value since the advent of the Federal Reserve banking cartel in 1913. And that's exactly what was supposed to happen.

If you're buying into the US dollar hype, rest assured it will rally but only for a fleeting time. Let's look at the big picture. Mashable puts everything into perspective nicely:

"In 1810, you could buy three gallons of whiskey for just a dollar. Today that will get you a shot from a bottle you bought yourself. Inflation sucks, right?

While you can get a snack or download an app for a buck, one dollar used to go a lot further — we're talking 10 cans of soup, an ounce of silver, four pounds of sirloin steak and two pounds of coffee."

So while the media has been talking about how the dollar has been rising... it hasn't, really... other items in relation to it have been falling over recent weeks, like the Euro, gold and even bitcoin.  But this is a short-term blip in an otherwise ongoing collapse of the dollar as this graphic below, which was beautifully put together by Mashable, nicely demonstrates:

The chart below put this data in a slightly different light.

As we march towards The End Of The Monetary System As We Know It (TEOTMSAWKI) there will be a lot of volatility in almost every asset.  If the Japanese Yen turns into dust in the next year then currencies like the Euro or the US dollar will rise as a reflex as people attempt to flee the Yen.  If the Euro also reaches its intrinsic value in the next 1-2 years, again, relatively, the dollar will rise dramatically.

But at some point the truth will become undeniable and the math so insurmountable that the US dollar will turn into wallpaper... not so different from the penny which is now cheap flooring.

Ignore what you see on the television programming and use any uptick in the "value" of the dollar as an excuse to become a dollar vigilante and get rid of them in favor of some of our Killer B's, like bullion, bitcoin, bullets and bud (check out the TDV newsletter for more specific advice on getting into these sectors).

Your grandkids will one day ask you how the world fell into the trap of using pieces of paper with dead criminals printed on it and controlled by a communist style centrally planned committee of economic morons as money.  If you are smart, now, you will laugh and tell them that is how you made your fortune... by shorting (selling) the dollar and buying real assets.

Have memories about what you once could afford for $1? Let us know in the comments section

Jeff Berwick

Anarchast: Anarchist Air Force Pilot Who Quit The Racket

Mon, 09/29/2014 - 19:25

Jeff Interviews author Ben Woodason, topics include: the air force, Iraq, documentary loose change, possibility of war with Iran, leaving the military, the process of resignation, government is immoral,police militarization, Syrian war based on lies, fake beheading videos, people catching on, military defection, Anarchapulco.

Click here or on thumbnail

 

Anarchast: Anarchist Air Force Pilot Who Quit The Racket

Mon, 09/29/2014 - 19:25

Jeff Interviews author Ben Woodason, topics include: the air force, Iraq, documentary loose change, possibility of war with Iran, leaving the military, the process of resignation, government is immoral,police militarization, Syrian war based on lies, fake beheading videos, people catching on, military defection, Anarchapulco.

Click here or on thumbnail

 

Anarchast: Anarchist Air Force Pilot Who Quit The Racket

Mon, 09/29/2014 - 19:25

Jeff Interviews author Ben Woodason, topics include: the air force, Iraq, documentary loose change, possibility of war with Iran, leaving the military, the process of resignation, government is immoral,police militarization, Syrian war based on lies, fake beheading videos, people catching on, military defection, Anarchapulco.

Click here or on thumbnail

 

How Individual Internationalization Could Change Your Life

Mon, 09/29/2014 - 04:25

[The following post is by Paul Seymour, Director of TDV Offshore]

You've probably heard about the latest run for the doors by corporations.  These have been dubbed inversions, and labeled by the Nazi in Chief as unpatriotic.  

Corporate internationalization has been going on for a long time.  Internationalization is defined by Merriam-Webster as simply "to place (something) under international control : to make (something) involve or affect two or more countries".  Corporations which are engaged in the maximization of profits in order to reward shareholders for their risk, have zero qualms about crossing borders, and taking on multiple "citizenships", and rightfully so.

It's making more and more sense for individuals to adopt a similar attitude, in order to maximize personal freedom, and therefore also quality of life. 

Modern governments, and particularly those of the tax-and-spend-into-bankruptcy variety, are incentivizing citizens to go looking elsewhere for the quality of life they presumably thought they would find in the country of their birth.  Not to mention basic human rights such as personal privacy, and the unencumbered right to travel freely.  When your paid public servants start announcing that you can be legally (although unconstitutionally) detained indefinitely without charge nor trial, and that your right to leave the realm can be legally restricted, or even permanently "revoked" the time has come to do more than just start thinking about personal internationalization.

What is internationalization with regards to an individual?  We roughly define it as being structured, or positioned in such a manner, as to allow you to legally, in addition to ethically, morally, and extremely patriotically tell Big Bro to bugger off.  That you will not henceforth be submitting to the Constitutionally prohibited maneuvers, so cleverly designed in order to infringe upon your most basic human rights to life, liberty, and the pursuit of happiness.  

If you grew up in the US, and were indoctrinated into the public school system, you can remember saying, literally thousands of times—"with liberty, and justice for all".  How many of you now, really believe, that that phrase has anything whatsoever to do with the country in which you currently reside?  Similarly in many parts of Europe, Canada and Australia, based on what I've seen.

As is true with getting political representation nowadays, corporations find it much, much easier to make such a move.  No real citizenship is required for a corporation in order to establish a legal presence in practically any jurisdiction it chooses.  It simply files a series of forms, potentially pays some licensing fees, and it's a done deal.  Some corporations may even be offered tax incentives to do so.  No residency requirements, nor waiting period to make sure that they're really "nice guys".  That's assumed.  No interviews with bureaucrats, police reports, etc. etc.  Just a wad full of cash, and/or the promise to provide employment, and make the local officials look good to their constituents.

The last US Company that I worked for was Lucent Technologies, as the Regional Controller in the Middle East.  Many of you may not know that Lucent used to be the high-tech Bell Labs chunk of the previously disbanded AT & T. 

Many of you may also not be aware that this little chunk of Americana, which I think we can all agree was the American Telephone & Telegraph Company, was one of the forerunners in this current "inversion" craze.  That's right.  Bell Labs (Back in the 90's and early 2000's Lucent), as the technological branch of AT&T, and as of about ten years ago, is now a French company.  The former US execs having moved from New Jersey to Paris, after having bought out Alcatel.  

The new company is called Alcatel-Lucent.  Legally avoiding taxes may have been part of the motivation for that, but certainly also as a strong motivating factor were certainly the numerous, ongoing legal problems with the SEC and the DOJ over violations that apparently aren't of much concern to the French.  Kind of reminds me of my own run-ins way back when with the current regime which all faded away without any changes whatsoever to my lifestyle nor driving habits.   Only in America, as the say.  Apparently it's true.  The newly found freedom, lack of stress, and ensuing relaxation, also started a long, slow healing process as well. 

Taking note of where the smart money is heading is always a good sniff test, at the very least.  Likewise, taking note that currently, the smart money seems to be in a heated rush to get out an increasingly communist appearing jurisdiction, and should be just another in the non-stop alarm bells sounding those wake up calls.  That's, after all, what this inversion craze is all about.  US corporations are saying, "We don't really want to be Ameriken anymore.  We used to love it here back when it was a more free, and capitalist society, but that's no longer the reality."  Although certain misguided officials are trying to stop US corporate flight by implementing even more controls, their idiotic tactics are likely to only spread fear of the coming totalitarianism, and speed up the flight process.

The decision is much more difficult for an individual than for a corporation.  When a corporation decides to take such a move on, families aren't usually torn apart, for example.  Just hire a potentially better trained, hungrier, and quite possibly cheaper local labor force.  People who were possibly even raised to think critically for themselves.  I often hear from clients that, although all of these signs are as clear as day to them, that their families are incapable of, or refuse to see them.  That's the way it was for me too.  The rest of my immediate family had died, but I stayed close to my Dad after getting out.  He could never see what I saw, in the way that I saw it.  He was starting to, at the end of his life though.  When he was dying of cancer ten years ago, I was talking to him almost daily by phone from Colombia.  We would talk while watching the disgraceful aftermath of hurricane Katrina on the news, I remember. 

Amazing, even to him, with his brain-washed views, that while the USG can spend a $Billion to get an aircraft carrier strike force to the Middle East within a few days, people in Louisiana were standing on rooftops hoping a helicopter would happen by before they drowned, or ended up with dysentery after drinking water fouled by rotting corpses.

PERSONAL SOLUTIONS

If you're taking the time to read this, there's a good chance that you've already gotten to the point of seriously considering the options available outside of the former America.  The first step is such a no-brainer, that I can hardly fathom why everyone with savings of at least USD 50,000 (EUR 39,000) hasn't already done it. 

For a one-time fee, similar to the cost of a few months of car insurance rates, you could insure your life's savings in a jurisdiction where personal privacy hasn't been outlawed.  In fact, there are still places where personal privacy is still even cherished, and protected by law.  Government officials and bankers are required by local laws to protect your personal privacy.  Although inside the OECD, there are wheels currently in motion to attempt to further erode such basic rights by the US Government.  I still expect that trend to reverse as the USD loses its worldwide reserve status, and therefore, simultaneously, the USG will lose its stick with which to beat foreign banks into submission.

Furthermore, these same jurisdictions still believe that one is innocent until proven guilty (Gasp!).  That's right, your bank account can't, by law, be frozen based upon a mere accusation by a public servant, and a phone call to the bank, which essentially now works for him, post-bailout, with your money.  They'll actually have to go to the trouble to gather real evidence, and prove an actual crime, and in a court system which still utilizes common sense.  Foreign judgments are not recognized, let alone letters from bureaucrats requesting that the accounts of the merely accused be frozen.  Thereby effectively disallowing a fair trial, due to sudden lack of funds with which to hire competent counsel.  That's as if a fair trial could even be obtained in such a morally bankrupt society anymore.  

The formation of an LLC in the right jurisdiction, and the opening of a bank or brokerage account under that legal umbrella, can be done for as little as $1,900 (see TDV Offshore for more info).   

If you have a retirement account in the US, you can still, as of today, legally move those assets out of governmental confiscation reach, and remain qualified under the IRC, and therefore tax-deferred.  This 3-step process can be done for only $2,600 (see TDV Self-Directed IRA for more info).  These two steps should be taken immediately. 

Our experience shows that once someone takes this initial course of action, that they will then see the benefits of shifting assets out of the flailing USD, and bubble happy US stock market, and into a diversified basket of foreign assets, diversely denominated in foreign currencies. 

These clients then, almost without fail, start looking into the second phase, which is geographical diversification, and foreign equities trading, etc.  by opening additional bank and brokerage accounts in other safe jurisdictions.  Having your assets spread throughout carefully chosen jurisdictions just makes basic financial sense in such a rapidly changing world.

The next phase, is typically geared towards enhanced asset protection combined with estate planning by establishing a trust or foundation.  Such vehicles add a greatly increased level of protection as the assets are taken out of your name legally, while you still maintain complete control over them.  Attacks by predatory attorneys, or out of control bureaucrats suddenly make no more sense for them to pursue.  Legal challenges have been made by out of control governments, and these vehicles have withstood the attacks, proving the asset protection capability of these vehicles.  Trusts and foundations can also be used as estate planning tools by naming beneficiaries, and can also assist with legal estate tax avoidance.  Read more here.

After completing these 3 steps, and once all assets have been adequately protected, the way has then been paved for the final phase, which is expatriation, and the gaining of citizenship in countries where governmental employees/dependents don't outnumber the remaining population, and aren't trying to live your life for you.   See here for more info on how to achieve citizenship in a more free country

We also offer tax compliance related to the offshore assets, and are working towards an arrangement whereby we'll be able to offer complete US tax compliance for expats.  More news on that forthcoming.  

Although the first two internationalization steps can be done very quickly, and economically, it takes years for all of these steps to be completed, particularly the emigration/citizenship aspect, and certainly isn't easy. However, how do you start to eat an elephant?  One bite at a time.

Do yourself a favor, and start watching where the smart money is running.  It's offshore, and there are hundreds of good reasons for that. 

Here's to living right.

Please leave any comments you have below, and don't forget to contact us with any questions. 

Paul worked for several years with Big 4 CPA firms in both the US and Saudi Arabia, and then spent many years as a multi-national corporate Controller and CFO in places like Florida, Riyadh, Abu Dhabi, Cairo, and Medellín. In his second, more free life, he has found a natural home in the offshore industry following almost 2 decades as a permanent expat from the former America. Contact him to learn more about the realities of economical offshore asset protection paul@tdvoffshore.com

How Individual Internationalization Could Change Your Life

Mon, 09/29/2014 - 04:25

[The following post is by Paul Seymour, Director of TDV Offshore]

You've probably heard about the latest run for the doors by corporations.  These have been dubbed inversions, and labeled by the Nazi in Chief as unpatriotic.  

Corporate internationalization has been going on for a long time.  Internationalization is defined by Merriam-Webster as simply "to place (something) under international control : to make (something) involve or affect two or more countries".  Corporations which are engaged in the maximization of profits in order to reward shareholders for their risk, have zero qualms about crossing borders, and taking on multiple "citizenships", and rightfully so.

It's making more and more sense for individuals to adopt a similar attitude, in order to maximize personal freedom, and therefore also quality of life. 

Modern governments, and particularly those of the tax-and-spend-into-bankruptcy variety, are incentivizing citizens to go looking elsewhere for the quality of life they presumably thought they would find in the country of their birth.  Not to mention basic human rights such as personal privacy, and the unencumbered right to travel freely.  When your paid public servants start announcing that you can be legally (although unconstitutionally) detained indefinitely without charge nor trial, and that your right to leave the realm can be legally restricted, or even permanently "revoked" the time has come to do more than just start thinking about personal internationalization.

What is internationalization with regards to an individual?  We roughly define it as being structured, or positioned in such a manner, as to allow you to legally, in addition to ethically, morally, and extremely patriotically tell Big Bro to bugger off.  That you will not henceforth be submitting to the Constitutionally prohibited maneuvers, so cleverly designed in order to infringe upon your most basic human rights to life, liberty, and the pursuit of happiness.  

If you grew up in the US, and were indoctrinated into the public school system, you can remember saying, literally thousands of times—"with liberty, and justice for all".  How many of you now, really believe, that that phrase has anything whatsoever to do with the country in which you currently reside?  Similarly in many parts of Europe, Canada and Australia, based on what I've seen.

As is true with getting political representation nowadays, corporations find it much, much easier to make such a move.  No real citizenship is required for a corporation in order to establish a legal presence in practically any jurisdiction it chooses.  It simply files a series of forms, potentially pays some licensing fees, and it's a done deal.  Some corporations may even be offered tax incentives to do so.  No residency requirements, nor waiting period to make sure that they're really "nice guys".  That's assumed.  No interviews with bureaucrats, police reports, etc. etc.  Just a wad full of cash, and/or the promise to provide employment, and make the local officials look good to their constituents.

The last US Company that I worked for was Lucent Technologies, as the Regional Controller in the Middle East.  Many of you may not know that Lucent used to be the high-tech Bell Labs chunk of the previously disbanded AT & T. 

Many of you may also not be aware that this little chunk of Americana, which I think we can all agree was the American Telephone & Telegraph Company, was one of the forerunners in this current "inversion" craze.  That's right.  Bell Labs (Back in the 90's and early 2000's Lucent), as the technological branch of AT&T, and as of about ten years ago, is now a French company.  The former US execs having moved from New Jersey to Paris, after having bought out Alcatel.  

The new company is called Alcatel-Lucent.  Legally avoiding taxes may have been part of the motivation for that, but certainly also as a strong motivating factor were certainly the numerous, ongoing legal problems with the SEC and the DOJ over violations that apparently aren't of much concern to the French.  Kind of reminds me of my own run-ins way back when with the current regime which all faded away without any changes whatsoever to my lifestyle nor driving habits.   Only in America, as the say.  Apparently it's true.  The newly found freedom, lack of stress, and ensuing relaxation, also started a long, slow healing process as well. 

Taking note of where the smart money is heading is always a good sniff test, at the very least.  Likewise, taking note that currently, the smart money seems to be in a heated rush to get out an increasingly communist appearing jurisdiction, and should be just another in the non-stop alarm bells sounding those wake up calls.  That's, after all, what this inversion craze is all about.  US corporations are saying, "We don't really want to be Ameriken anymore.  We used to love it here back when it was a more free, and capitalist society, but that's no longer the reality."  Although certain misguided officials are trying to stop US corporate flight by implementing even more controls, their idiotic tactics are likely to only spread fear of the coming totalitarianism, and speed up the flight process.

The decision is much more difficult for an individual than for a corporation.  When a corporation decides to take such a move on, families aren't usually torn apart, for example.  Just hire a potentially better trained, hungrier, and quite possibly cheaper local labor force.  People who were possibly even raised to think critically for themselves.  I often hear from clients that, although all of these signs are as clear as day to them, that their families are incapable of, or refuse to see them.  That's the way it was for me too.  The rest of my immediate family had died, but I stayed close to my Dad after getting out.  He could never see what I saw, in the way that I saw it.  He was starting to, at the end of his life though.  When he was dying of cancer ten years ago, I was talking to him almost daily by phone from Colombia.  We would talk while watching the disgraceful aftermath of hurricane Katrina on the news, I remember. 

Amazing, even to him, with his brain-washed views, that while the USG can spend a $Billion to get an aircraft carrier strike force to the Middle East within a few days, people in Louisiana were standing on rooftops hoping a helicopter would happen by before they drowned, or ended up with dysentery after drinking water fouled by rotting corpses.

PERSONAL SOLUTIONS

If you're taking the time to read this, there's a good chance that you've already gotten to the point of seriously considering the options available outside of the former America.  The first step is such a no-brainer, that I can hardly fathom why everyone with savings of at least USD 50,000 (EUR 39,000) hasn't already done it. 

For a one-time fee, similar to the cost of a few months of car insurance rates, you could insure your life's savings in a jurisdiction where personal privacy hasn't been outlawed.  In fact, there are still places where personal privacy is still even cherished, and protected by law.  Government officials and bankers are required by local laws to protect your personal privacy.  Although inside the OECD, there are wheels currently in motion to attempt to further erode such basic rights by the US Government.  I still expect that trend to reverse as the USD loses its worldwide reserve status, and therefore, simultaneously, the USG will lose its stick with which to beat foreign banks into submission.

Furthermore, these same jurisdictions still believe that one is innocent until proven guilty (Gasp!).  That's right, your bank account can't, by law, be frozen based upon a mere accusation by a public servant, and a phone call to the bank, which essentially now works for him, post-bailout, with your money.  They'll actually have to go to the trouble to gather real evidence, and prove an actual crime, and in a court system which still utilizes common sense.  Foreign judgments are not recognized, let alone letters from bureaucrats requesting that the accounts of the merely accused be frozen.  Thereby effectively disallowing a fair trial, due to sudden lack of funds with which to hire competent counsel.  That's as if a fair trial could even be obtained in such a morally bankrupt society anymore.  

The formation of an LLC in the right jurisdiction, and the opening of a bank or brokerage account under that legal umbrella, can be done for as little as $1,900 (see TDV Offshore for more info).   

If you have a retirement account in the US, you can still, as of today, legally move those assets out of governmental confiscation reach, and remain qualified under the IRC, and therefore tax-deferred.  This 3-step process can be done for only $2,600 (see TDV Self-Directed IRA for more info).  These two steps should be taken immediately. 

Our experience shows that once someone takes this initial course of action, that they will then see the benefits of shifting assets out of the flailing USD, and bubble happy US stock market, and into a diversified basket of foreign assets, diversely denominated in foreign currencies. 

These clients then, almost without fail, start looking into the second phase, which is geographical diversification, and foreign equities trading, etc.  by opening additional bank and brokerage accounts in other safe jurisdictions.  Having your assets spread throughout carefully chosen jurisdictions just makes basic financial sense in such a rapidly changing world.

The next phase, is typically geared towards enhanced asset protection combined with estate planning by establishing a trust or foundation.  Such vehicles add a greatly increased level of protection as the assets are taken out of your name legally, while you still maintain complete control over them.  Attacks by predatory attorneys, or out of control bureaucrats suddenly make no more sense for them to pursue.  Legal challenges have been made by out of control governments, and these vehicles have withstood the attacks, proving the asset protection capability of these vehicles.  Trusts and foundations can also be used as estate planning tools by naming beneficiaries, and can also assist with legal estate tax avoidance.  Read more here.

After completing these 3 steps, and once all assets have been adequately protected, the way has then been paved for the final phase, which is expatriation, and the gaining of citizenship in countries where governmental employees/dependents don't outnumber the remaining population, and aren't trying to live your life for you.   See here for more info on how to achieve citizenship in a more free country

We also offer tax compliance related to the offshore assets, and are working towards an arrangement whereby we'll be able to offer complete US tax compliance for expats.  More news on that forthcoming.  

Although the first two internationalization steps can be done very quickly, and economically, it takes years for all of these steps to be completed, particularly the emigration/citizenship aspect, and certainly isn't easy. However, how do you start to eat an elephant?  One bite at a time.

Do yourself a favor, and start watching where the smart money is running.  It's offshore, and there are hundreds of good reasons for that. 

Here's to living right.

Please leave any comments you have below, and don't forget to contact us with any questions. 

Paul worked for several years with Big 4 CPA firms in both the US and Saudi Arabia, and then spent many years as a multi-national corporate Controller and CFO in places like Florida, Riyadh, Abu Dhabi, Cairo, and Medellín. In his second, more free life, he has found a natural home in the offshore industry following almost 2 decades as a permanent expat from the former America. Contact him to learn more about the realities of economical offshore asset protection paul@tdvoffshore.com

How Individual Internationalization Could Change Your Life

Mon, 09/29/2014 - 04:25

[The following post is by Paul Seymour, Director of TDV Offshore]

You've probably heard about the latest run for the doors by corporations.  These have been dubbed inversions, and labeled by the Nazi in Chief as unpatriotic.  

Corporate internationalization has been going on for a long time.  Internationalization is defined by Merriam-Webster as simply "to place (something) under international control : to make (something) involve or affect two or more countries".  Corporations which are engaged in the maximization of profits in order to reward shareholders for their risk, have zero qualms about crossing borders, and taking on multiple "citizenships", and rightfully so.

It's making more and more sense for individuals to adopt a similar attitude, in order to maximize personal freedom, and therefore also quality of life. 

Modern governments, and particularly those of the tax-and-spend-into-bankruptcy variety, are incentivizing citizens to go looking elsewhere for the quality of life they presumably thought they would find in the country of their birth.  Not to mention basic human rights such as personal privacy, and the unencumbered right to travel freely.  When your paid public servants start announcing that you can be legally (although unconstitutionally) detained indefinitely without charge nor trial, and that your right to leave the realm can be legally restricted, or even permanently "revoked" the time has come to do more than just start thinking about personal internationalization.

What is internationalization with regards to an individual?  We roughly define it as being structured, or positioned in such a manner, as to allow you to legally, in addition to ethically, morally, and extremely patriotically tell Big Bro to bugger off.  That you will not henceforth be submitting to the Constitutionally prohibited maneuvers, so cleverly designed in order to infringe upon your most basic human rights to life, liberty, and the pursuit of happiness.  

If you grew up in the US, and were indoctrinated into the public school system, you can remember saying, literally thousands of times—"with liberty, and justice for all".  How many of you now, really believe, that that phrase has anything whatsoever to do with the country in which you currently reside?  Similarly in many parts of Europe, Canada and Australia, based on what I've seen.

As is true with getting political representation nowadays, corporations find it much, much easier to make such a move.  No real citizenship is required for a corporation in order to establish a legal presence in practically any jurisdiction it chooses.  It simply files a series of forms, potentially pays some licensing fees, and it's a done deal.  Some corporations may even be offered tax incentives to do so.  No residency requirements, nor waiting period to make sure that they're really "nice guys".  That's assumed.  No interviews with bureaucrats, police reports, etc. etc.  Just a wad full of cash, and/or the promise to provide employment, and make the local officials look good to their constituents.

The last US Company that I worked for was Lucent Technologies, as the Regional Controller in the Middle East.  Many of you may not know that Lucent used to be the high-tech Bell Labs chunk of the previously disbanded AT & T. 

Many of you may also not be aware that this little chunk of Americana, which I think we can all agree was the American Telephone & Telegraph Company, was one of the forerunners in this current "inversion" craze.  That's right.  Bell Labs (Back in the 90's and early 2000's Lucent), as the technological branch of AT&T, and as of about ten years ago, is now a French company.  The former US execs having moved from New Jersey to Paris, after having bought out Alcatel.  

The new company is called Alcatel-Lucent.  Legally avoiding taxes may have been part of the motivation for that, but certainly also as a strong motivating factor were certainly the numerous, ongoing legal problems with the SEC and the DOJ over violations that apparently aren't of much concern to the French.  Kind of reminds me of my own run-ins way back when with the current regime which all faded away without any changes whatsoever to my lifestyle nor driving habits.   Only in America, as the say.  Apparently it's true.  The newly found freedom, lack of stress, and ensuing relaxation, also started a long, slow healing process as well. 

Taking note of where the smart money is heading is always a good sniff test, at the very least.  Likewise, taking note that currently, the smart money seems to be in a heated rush to get out an increasingly communist appearing jurisdiction, and should be just another in the non-stop alarm bells sounding those wake up calls.  That's, after all, what this inversion craze is all about.  US corporations are saying, "We don't really want to be Ameriken anymore.  We used to love it here back when it was a more free, and capitalist society, but that's no longer the reality."  Although certain misguided officials are trying to stop US corporate flight by implementing even more controls, their idiotic tactics are likely to only spread fear of the coming totalitarianism, and speed up the flight process.

The decision is much more difficult for an individual than for a corporation.  When a corporation decides to take such a move on, families aren't usually torn apart, for example.  Just hire a potentially better trained, hungrier, and quite possibly cheaper local labor force.  People who were possibly even raised to think critically for themselves.  I often hear from clients that, although all of these signs are as clear as day to them, that their families are incapable of, or refuse to see them.  That's the way it was for me too.  The rest of my immediate family had died, but I stayed close to my Dad after getting out.  He could never see what I saw, in the way that I saw it.  He was starting to, at the end of his life though.  When he was dying of cancer ten years ago, I was talking to him almost daily by phone from Colombia.  We would talk while watching the disgraceful aftermath of hurricane Katrina on the news, I remember. 

Amazing, even to him, with his brain-washed views, that while the USG can spend a $Billion to get an aircraft carrier strike force to the Middle East within a few days, people in Louisiana were standing on rooftops hoping a helicopter would happen by before they drowned, or ended up with dysentery after drinking water fouled by rotting corpses.

PERSONAL SOLUTIONS

If you're taking the time to read this, there's a good chance that you've already gotten to the point of seriously considering the options available outside of the former America.  The first step is such a no-brainer, that I can hardly fathom why everyone with savings of at least USD 50,000 (EUR 39,000) hasn't already done it. 

For a one-time fee, similar to the cost of a few months of car insurance rates, you could insure your life's savings in a jurisdiction where personal privacy hasn't been outlawed.  In fact, there are still places where personal privacy is still even cherished, and protected by law.  Government officials and bankers are required by local laws to protect your personal privacy.  Although inside the OECD, there are wheels currently in motion to attempt to further erode such basic rights by the US Government.  I still expect that trend to reverse as the USD loses its worldwide reserve status, and therefore, simultaneously, the USG will lose its stick with which to beat foreign banks into submission.

Furthermore, these same jurisdictions still believe that one is innocent until proven guilty (Gasp!).  That's right, your bank account can't, by law, be frozen based upon a mere accusation by a public servant, and a phone call to the bank, which essentially now works for him, post-bailout, with your money.  They'll actually have to go to the trouble to gather real evidence, and prove an actual crime, and in a court system which still utilizes common sense.  Foreign judgments are not recognized, let alone letters from bureaucrats requesting that the accounts of the merely accused be frozen.  Thereby effectively disallowing a fair trial, due to sudden lack of funds with which to hire competent counsel.  That's as if a fair trial could even be obtained in such a morally bankrupt society anymore.  

The formation of an LLC in the right jurisdiction, and the opening of a bank or brokerage account under that legal umbrella, can be done for as little as $1,900 (see TDV Offshore for more info).   

If you have a retirement account in the US, you can still, as of today, legally move those assets out of governmental confiscation reach, and remain qualified under the IRC, and therefore tax-deferred.  This 3-step process can be done for only $2,600 (see TDV Self-Directed IRA for more info).  These two steps should be taken immediately. 

Our experience shows that once someone takes this initial course of action, that they will then see the benefits of shifting assets out of the flailing USD, and bubble happy US stock market, and into a diversified basket of foreign assets, diversely denominated in foreign currencies. 

These clients then, almost without fail, start looking into the second phase, which is geographical diversification, and foreign equities trading, etc.  by opening additional bank and brokerage accounts in other safe jurisdictions.  Having your assets spread throughout carefully chosen jurisdictions just makes basic financial sense in such a rapidly changing world.

The next phase, is typically geared towards enhanced asset protection combined with estate planning by establishing a trust or foundation.  Such vehicles add a greatly increased level of protection as the assets are taken out of your name legally, while you still maintain complete control over them.  Attacks by predatory attorneys, or out of control bureaucrats suddenly make no more sense for them to pursue.  Legal challenges have been made by out of control governments, and these vehicles have withstood the attacks, proving the asset protection capability of these vehicles.  Trusts and foundations can also be used as estate planning tools by naming beneficiaries, and can also assist with legal estate tax avoidance.  Read more here.

After completing these 3 steps, and once all assets have been adequately protected, the way has then been paved for the final phase, which is expatriation, and the gaining of citizenship in countries where governmental employees/dependents don't outnumber the remaining population, and aren't trying to live your life for you.   See here for more info on how to achieve citizenship in a more free country

We also offer tax compliance related to the offshore assets, and are working towards an arrangement whereby we'll be able to offer complete US tax compliance for expats.  More news on that forthcoming.  

Although the first two internationalization steps can be done very quickly, and economically, it takes years for all of these steps to be completed, particularly the emigration/citizenship aspect, and certainly isn't easy. However, how do you start to eat an elephant?  One bite at a time.

Do yourself a favor, and start watching where the smart money is running.  It's offshore, and there are hundreds of good reasons for that. 

Here's to living right.

Please leave any comments you have below, and don't forget to contact us with any questions. 

Paul worked for several years with Big 4 CPA firms in both the US and Saudi Arabia, and then spent many years as a multi-national corporate Controller and CFO in places like Florida, Riyadh, Abu Dhabi, Cairo, and Medellín. In his second, more free life, he has found a natural home in the offshore industry following almost 2 decades as a permanent expat from the former America. Contact him to learn more about the realities of economical offshore asset protection paul@tdvoffshore.com

10 Ron Paul Quotes About Gold, Silver & The Market - TDV Week In Review, September 28, 2014

Sun, 09/28/2014 - 05:40

Originally appeared on GoldSilverBitcoin

It's always good to revisit fundamentals, and Ron Paul is good when it comes to the fundamentals of freedom and liberty. That's why we decided at GoldSilverBitcoin to create a list of some poignant Ron Paul quotes. So, without further ado, here they are:

1. "The Founders were well aware of the biblical admonitions against dishonest weights and measures, debased silver, and watered-down wine. The issue of sound money throughout history has been as much a moral issue as an economic or political issue."

2. "The gold standard would keep you from printing money and destroying the middle class. Every country where you have runaway inflation, there's no middle class. Mexico, there's no middle class, you have a huge poor class, and a lot of wealthy people. Today we have a growing poor class, and we have more billionaires than ever before. So we're moving into third world status.."

3. "Ironically, it was the abuse of the gold standard, the Fed’s credit-creating habits of the 1920s, and its subsequent mischief in the 1930s, that not only gave us the Great Depression, but also prolonged it. Yet sound money was blamed for all the suffering. That’s why people hardly objected when Roosevelt and his statist friends confiscated gold and radically debased the currency, ushering in the age of worldwide fiat currencies with which the international economy struggles today."

4. "If you want to restrain government, you restrain the power to create money. And that’s what gold does. A lot of people think, “Well, that means you’re going to have to carry all that gold around in your pocket.” No. There’s nothing wrong with gold certificates. And it can be electronic gold. It’s just that it restrains the power of individuals, especially secret individuals that have no oversight from Congress to create this money. You would certainly not need a Federal Reserve if you have a gold standard."

5. "We are frequently criticized both on economic policy and foreign policy and we're going back to the old days of isolationism and the old days of the gold standard. But let me tell you, big government is very, very old, and big government and inflation and destruction of currency - that is ancient and based on ideas that are wrong. Those who criticize us who wants a lot less government - they are the past, and we are the future."

6. "This view of the evils of paper money was shared by almost all the delegates to the convention, and was the reason the Constitution limited congressional authority to deal with the issue and mandated that only gold and silver could be legal tender. Paper money was prohibited and no central bank was authorized."

7. “[The Fed] took a dollar and eliminated 98% of its purchasing power and they’re doing that more rapidly than ever but it just hasn’t been fully discounted. When it is, gold is going to be much, much higher.”

8. “A supply of gold and silver that is limited in supply by nature cannot be inflated, and thus serves as a check on the growth of government.”

9. “I think what’s going to happen to gold, it’s going to explode when they realize that the economy is going down, that we’re really in a recession.”

10. "The question is would you rather put $10,000 in a box for 20 years or a few gold coins...The Fed Reserve has destroyed 98% of the purchasing power of the dollar since 1913 an in the meantime they have financed every war they couldn't have financed if they were on the gold standard."

BONUS QUOTE!

11. "But markets aren’t always smooth, and the gold market isn’t smooth, so it goes up, it might go up too much, and at times too fast and then it makes a correction because the traders are in there and they have all kinds of motivation. If people look at it long-term, you know, from when the Fed started when it was $20 an ounce up to the time it went up $1,900 an ounce, you know, that’s more of the trend."

Originally appeared on GoldSilverBitcoin

Insights or comments? Let us know!

Justin O’Connell is the Chief Executive Officer of GoldSilverBitcoin.  He is also the author of the bitcoin book, Bitcoinomics, and administrator of the Bitcoinomics website. Justin is also a co-host at Our Very Own Special Show, a lifestyle podcast about music, news, life and other topics, and head researcher at The Dollar Vigilante.  He lives in San Diego, California.

 

 

If you’re interested in receiving articles beyond what you read here everyday, consider our weekly subscriber-only publications, like our Issue, Dispatches, and Homegrown. You may subscribe here.

On to the review…

Monday September 22

WE ARE LIVING IN A STATE OF KEYNESIAN BLISS

Mark E Jeftovic on mainstream modern economic thought.

"John Maynard Keynes is the grandfather of all modern mainstream economic thought.  Richard Nixon was famously attributed as saying, “We are all Keynesians now” whilst slamming shut the gold window and launching the era of global fiat money. (Nixon didn’t really say this, it was actually Milton Friedman)"

continue reading…

Tuesday September 24

REDEEMING GALT - GALT'S GULCH CHILE INVESTORS AND BUYERS BAND TOGETHER TO REDEEM PROJECT

An update on Galt's Gulch Chile.

"It has been nearly a month since Wendy McElroy (The Fate of Galt's Gulch Chile) and I (The Good, The Bad and The Ugly on GGC) were the first ones to go public about problems at Galt's Gulch Chile (GGC).  In that time nearly everything that can be said about it has been said.

Numerous media and websites, particularly left-leaning or statist ones, took the opportunity to jump all over it and to point fingers and say, "See, this is what happens when libertarians try to do something!"'

 

 

continue reading…

Thursday September 25

HUNGER GAMES DC, USA 2014

Jeff Berwick compares the Hunger Games Universe with reality.

"You might think the "Hunger Games" universe is pure fiction, but, as they say, art imitates life and the parallels between the story of The Hunger Games and the US today are not only becoming very noticable but backed up by fact... not least of which is the amount of people in the US on food stamps... in other words, there are about 50 million hungry people out there in the Districts."

 

continue reading…

Friday September 26

CENTRAL BANKING IS FINANCIAL TERRORISM

Jeff Berwick with a TDV take on central banking woes.

'"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." - John Maynard Keynes

Yes, that quote is by John Maynard Keynes the hero and savior of the likes of Ben Bernanke, Janet Yellen and Paul Krugman… all of whom are proud Keynesians."

continue reading...

TDV VIDEO

This week, Jeff interviews Ian Freeman on the Anarchast. Plus, Jeff is interviewed by Luis Durian Aparicio for Emancipated Human.

Have a look at our wide array of informative videos featuring interviews, opinions, and analysis on TDV’s media page.

TDV SERVICES

Don't forget, TDV is much more than a newsletter.  We also offer many of the solutions to the problems we identify in the letter to help people internationalize their self and wealth to protect themselves from The End Of The Monetary System As We Know It (TEOTMSAWKI). Check out all our services designed to help you gain more freedom in your life here:

Remember, if you have any questions, concerns, or issues with what you've read on TDV, write us at: tdv@dollarvigilante.com.

Thanks as always for reading or subscribing!

Managing Editor

 

10 Ron Paul Quotes About Gold, Silver & The Market - TDV Week In Review, September 28, 2014

Sun, 09/28/2014 - 05:40

Originally appeared on GoldSilverBitcoin

It's always good to revisit fundamentals, and Ron Paul is good when it comes to the fundamentals of freedom and liberty. That's why we decided at GoldSilverBitcoin to create a list of some poignant Ron Paul quotes. So, without further ado, here they are:

1. "The Founders were well aware of the biblical admonitions against dishonest weights and measures, debased silver, and watered-down wine. The issue of sound money throughout history has been as much a moral issue as an economic or political issue."

2. "The gold standard would keep you from printing money and destroying the middle class. Every country where you have runaway inflation, there's no middle class. Mexico, there's no middle class, you have a huge poor class, and a lot of wealthy people. Today we have a growing poor class, and we have more billionaires than ever before. So we're moving into third world status.."

3. "Ironically, it was the abuse of the gold standard, the Fed’s credit-creating habits of the 1920s, and its subsequent mischief in the 1930s, that not only gave us the Great Depression, but also prolonged it. Yet sound money was blamed for all the suffering. That’s why people hardly objected when Roosevelt and his statist friends confiscated gold and radically debased the currency, ushering in the age of worldwide fiat currencies with which the international economy struggles today."

4. "If you want to restrain government, you restrain the power to create money. And that’s what gold does. A lot of people think, “Well, that means you’re going to have to carry all that gold around in your pocket.” No. There’s nothing wrong with gold certificates. And it can be electronic gold. It’s just that it restrains the power of individuals, especially secret individuals that have no oversight from Congress to create this money. You would certainly not need a Federal Reserve if you have a gold standard."

5. "We are frequently criticized both on economic policy and foreign policy and we're going back to the old days of isolationism and the old days of the gold standard. But let me tell you, big government is very, very old, and big government and inflation and destruction of currency - that is ancient and based on ideas that are wrong. Those who criticize us who wants a lot less government - they are the past, and we are the future."

6. "This view of the evils of paper money was shared by almost all the delegates to the convention, and was the reason the Constitution limited congressional authority to deal with the issue and mandated that only gold and silver could be legal tender. Paper money was prohibited and no central bank was authorized."

7. “[The Fed] took a dollar and eliminated 98% of its purchasing power and they’re doing that more rapidly than ever but it just hasn’t been fully discounted. When it is, gold is going to be much, much higher.”

8. “A supply of gold and silver that is limited in supply by nature cannot be inflated, and thus serves as a check on the growth of government.”

9. “I think what’s going to happen to gold, it’s going to explode when they realize that the economy is going down, that we’re really in a recession.”

10. "The question is would you rather put $10,000 in a box for 20 years or a few gold coins...The Fed Reserve has destroyed 98% of the purchasing power of the dollar since 1913 an in the meantime they have financed every war they couldn't have financed if they were on the gold standard."

BONUS QUOTE!

11. "But markets aren’t always smooth, and the gold market isn’t smooth, so it goes up, it might go up too much, and at times too fast and then it makes a correction because the traders are in there and they have all kinds of motivation. If people look at it long-term, you know, from when the Fed started when it was $20 an ounce up to the time it went up $1,900 an ounce, you know, that’s more of the trend."

Originally appeared on GoldSilverBitcoin

Insights or comments? Let us know!

Justin O’Connell is the Chief Executive Officer of GoldSilverBitcoin.  He is also the author of the bitcoin book, Bitcoinomics, and administrator of the Bitcoinomics website. Justin is also a co-host at Our Very Own Special Show, a lifestyle podcast about music, news, life and other topics, and head researcher at The Dollar Vigilante.  He lives in San Diego, California.

 

 

If you’re interested in receiving articles beyond what you read here everyday, consider our weekly subscriber-only publications, like our Issue, Dispatches, and Homegrown. You may subscribe here.

On to the review…

Monday September 22

WE ARE LIVING IN A STATE OF KEYNESIAN BLISS

Mark E Jeftovic on mainstream modern economic thought.

"John Maynard Keynes is the grandfather of all modern mainstream economic thought.  Richard Nixon was famously attributed as saying, “We are all Keynesians now” whilst slamming shut the gold window and launching the era of global fiat money. (Nixon didn’t really say this, it was actually Milton Friedman)"

continue reading…

Tuesday September 24

REDEEMING GALT - GALT'S GULCH CHILE INVESTORS AND BUYERS BAND TOGETHER TO REDEEM PROJECT

An update on Galt's Gulch Chile.

"It has been nearly a month since Wendy McElroy (The Fate of Galt's Gulch Chile) and I (The Good, The Bad and The Ugly on GGC) were the first ones to go public about problems at Galt's Gulch Chile (GGC).  In that time nearly everything that can be said about it has been said.

Numerous media and websites, particularly left-leaning or statist ones, took the opportunity to jump all over it and to point fingers and say, "See, this is what happens when libertarians try to do something!"'

 

 

continue reading…

Thursday September 25

HUNGER GAMES DC, USA 2014

Jeff Berwick compares the Hunger Games Universe with reality.

"You might think the "Hunger Games" universe is pure fiction, but, as they say, art imitates life and the parallels between the story of The Hunger Games and the US today are not only becoming very noticable but backed up by fact... not least of which is the amount of people in the US on food stamps... in other words, there are about 50 million hungry people out there in the Districts."

 

continue reading…

Friday September 26

CENTRAL BANKING IS FINANCIAL TERRORISM

Jeff Berwick with a TDV take on central banking woes.

'"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." - John Maynard Keynes

Yes, that quote is by John Maynard Keynes the hero and savior of the likes of Ben Bernanke, Janet Yellen and Paul Krugman… all of whom are proud Keynesians."

continue reading...

TDV VIDEO

This week, Jeff interviews Ian Freeman on the Anarchast. Plus, Jeff is interviewed by Luis Durian Aparicio for Emancipated Human.

Have a look at our wide array of informative videos featuring interviews, opinions, and analysis on TDV’s media page.

TDV SERVICES

Don't forget, TDV is much more than a newsletter.  We also offer many of the solutions to the problems we identify in the letter to help people internationalize their self and wealth to protect themselves from The End Of The Monetary System As We Know It (TEOTMSAWKI). Check out all our services designed to help you gain more freedom in your life here:

Remember, if you have any questions, concerns, or issues with what you've read on TDV, write us at: tdv@dollarvigilante.com.

Thanks as always for reading or subscribing!

Managing Editor

 

10 Ron Paul Quotes About Gold, Silver & The Market - TDV Week In Review, September 28, 2014

Sun, 09/28/2014 - 05:40

Originally appeared on GoldSilverBitcoin

It's always good to revisit fundamentals, and Ron Paul is good when it comes to the fundamentals of freedom and liberty. That's why we decided at GoldSilverBitcoin to create a list of some poignant Ron Paul quotes. So, without further ado, here they are:

1. "The Founders were well aware of the biblical admonitions against dishonest weights and measures, debased silver, and watered-down wine. The issue of sound money throughout history has been as much a moral issue as an economic or political issue."

2. "The gold standard would keep you from printing money and destroying the middle class. Every country where you have runaway inflation, there's no middle class. Mexico, there's no middle class, you have a huge poor class, and a lot of wealthy people. Today we have a growing poor class, and we have more billionaires than ever before. So we're moving into third world status.."

3. "Ironically, it was the abuse of the gold standard, the Fed’s credit-creating habits of the 1920s, and its subsequent mischief in the 1930s, that not only gave us the Great Depression, but also prolonged it. Yet sound money was blamed for all the suffering. That’s why people hardly objected when Roosevelt and his statist friends confiscated gold and radically debased the currency, ushering in the age of worldwide fiat currencies with which the international economy struggles today."

4. "If you want to restrain government, you restrain the power to create money. And that’s what gold does. A lot of people think, “Well, that means you’re going to have to carry all that gold around in your pocket.” No. There’s nothing wrong with gold certificates. And it can be electronic gold. It’s just that it restrains the power of individuals, especially secret individuals that have no oversight from Congress to create this money. You would certainly not need a Federal Reserve if you have a gold standard."

5. "We are frequently criticized both on economic policy and foreign policy and we're going back to the old days of isolationism and the old days of the gold standard. But let me tell you, big government is very, very old, and big government and inflation and destruction of currency - that is ancient and based on ideas that are wrong. Those who criticize us who wants a lot less government - they are the past, and we are the future."

6. "This view of the evils of paper money was shared by almost all the delegates to the convention, and was the reason the Constitution limited congressional authority to deal with the issue and mandated that only gold and silver could be legal tender. Paper money was prohibited and no central bank was authorized."

7. “[The Fed] took a dollar and eliminated 98% of its purchasing power and they’re doing that more rapidly than ever but it just hasn’t been fully discounted. When it is, gold is going to be much, much higher.”

8. “A supply of gold and silver that is limited in supply by nature cannot be inflated, and thus serves as a check on the growth of government.”

9. “I think what’s going to happen to gold, it’s going to explode when they realize that the economy is going down, that we’re really in a recession.”

10. "The question is would you rather put $10,000 in a box for 20 years or a few gold coins...The Fed Reserve has destroyed 98% of the purchasing power of the dollar since 1913 an in the meantime they have financed every war they couldn't have financed if they were on the gold standard."

BONUS QUOTE!

11. "But markets aren’t always smooth, and the gold market isn’t smooth, so it goes up, it might go up too much, and at times too fast and then it makes a correction because the traders are in there and they have all kinds of motivation. If people look at it long-term, you know, from when the Fed started when it was $20 an ounce up to the time it went up $1,900 an ounce, you know, that’s more of the trend."

Originally appeared on GoldSilverBitcoin

Insights or comments? Let us know!

Justin O’Connell is the Chief Executive Officer of GoldSilverBitcoin.  He is also the author of the bitcoin book, Bitcoinomics, and administrator of the Bitcoinomics website. Justin is also a co-host at Our Very Own Special Show, a lifestyle podcast about music, news, life and other topics, and head researcher at The Dollar Vigilante.  He lives in San Diego, California.

 

 

If you’re interested in receiving articles beyond what you read here everyday, consider our weekly subscriber-only publications, like our Issue, Dispatches, and Homegrown. You may subscribe here.

On to the review…

Monday September 22

WE ARE LIVING IN A STATE OF KEYNESIAN BLISS

Mark E Jeftovic on mainstream modern economic thought.

"John Maynard Keynes is the grandfather of all modern mainstream economic thought.  Richard Nixon was famously attributed as saying, “We are all Keynesians now” whilst slamming shut the gold window and launching the era of global fiat money. (Nixon didn’t really say this, it was actually Milton Friedman)"

continue reading…

Tuesday September 24

REDEEMING GALT - GALT'S GULCH CHILE INVESTORS AND BUYERS BAND TOGETHER TO REDEEM PROJECT

An update on Galt's Gulch Chile.

"It has been nearly a month since Wendy McElroy (The Fate of Galt's Gulch Chile) and I (The Good, The Bad and The Ugly on GGC) were the first ones to go public about problems at Galt's Gulch Chile (GGC).  In that time nearly everything that can be said about it has been said.

Numerous media and websites, particularly left-leaning or statist ones, took the opportunity to jump all over it and to point fingers and say, "See, this is what happens when libertarians try to do something!"'

 

 

continue reading…

Thursday September 25

HUNGER GAMES DC, USA 2014

Jeff Berwick compares the Hunger Games Universe with reality.

"You might think the "Hunger Games" universe is pure fiction, but, as they say, art imitates life and the parallels between the story of The Hunger Games and the US today are not only becoming very noticable but backed up by fact... not least of which is the amount of people in the US on food stamps... in other words, there are about 50 million hungry people out there in the Districts."

 

continue reading…

Friday September 26

CENTRAL BANKING IS FINANCIAL TERRORISM

Jeff Berwick with a TDV take on central banking woes.

'"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." - John Maynard Keynes

Yes, that quote is by John Maynard Keynes the hero and savior of the likes of Ben Bernanke, Janet Yellen and Paul Krugman… all of whom are proud Keynesians."

continue reading...

TDV VIDEO

This week, Jeff interviews Ian Freeman on the Anarchast. Plus, Jeff is interviewed by Luis Durian Aparicio for Emancipated Human.

Have a look at our wide array of informative videos featuring interviews, opinions, and analysis on TDV’s media page.

TDV SERVICES

Don't forget, TDV is much more than a newsletter.  We also offer many of the solutions to the problems we identify in the letter to help people internationalize their self and wealth to protect themselves from The End Of The Monetary System As We Know It (TEOTMSAWKI). Check out all our services designed to help you gain more freedom in your life here:

Remember, if you have any questions, concerns, or issues with what you've read on TDV, write us at: tdv@dollarvigilante.com.

Thanks as always for reading or subscribing!

Managing Editor

 

TDV Interview: Luis Duran Aparicio

Sun, 09/28/2014 - 02:09

Jeff is interviewed by TDV crew member Luis Duran Aparicio for Emancipated Human, topics include: the Anarchapulco event, freedom in US vs rest of the world, homeschooling, unschooling, disciplining, peaceful parenting, the learning process, the spritual journey, Jeff the Person, the Galts Gulch Chile project.

Click here or on thumbnail

 

TDV Interview: Luis Duran Aparicio

Sun, 09/28/2014 - 02:09

Jeff is interviewed by TDV crew member Luis Duran Aparicio for Emancipated Human, topics include: the Anarchapulco event, freedom in US vs rest of the world, homeschooling, unschooling, disciplining, peaceful parenting, the learning process, the spritual journey, Jeff the Person, the Galts Gulch Chile project.

Click here or on thumbnail

 

TDV Interview: Luis Duran Aparicio

Sun, 09/28/2014 - 02:09

Jeff is interviewed by TDV crew member Luis Duran Aparicio for Emancipated Human, topics include: the Anarchapulco event, freedom in US vs rest of the world, homeschooling, unschooling, disciplining, peaceful parenting, the learning process, the spritual journey, Jeff the Person, the Galts Gulch Chile project.

Click here or on thumbnail

 

Central Banking Is Financial Terrorism

Fri, 09/26/2014 - 18:29

[The following post is by TDV Chief Editor, Jeff Berwick]

"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." - John Maynard Keynes

Yes, that quote is by John Maynard Keynes the hero and savior of the likes of Ben Bernanke, Janet Yellen and Paul Krugman… all of whom are proud Keynesians.

And while there is some awakening to the evils of the Federal Reserve and central banking as a whole, notably with the “End the Fed” protests and rallies, for the most part the “not one man in a million is able to diagnose” part is true. It may be closer to one man in a hundred now, though, so there is some hope.

Let’s look at the two most evil facets of communist-style, centrally planned, central banking.

IT DESTROYS LIVING STANDARDS

It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford

The people in the US are starting to wake up to the fact that there are massive problems… resulting in things like Occupy Wall Street and fast-food workers going on strike for a higher minimum wage. What most of them don’t get is what the real problem is… the Federal Reserve and money printing… AKA. Quantitative Easing.

The real problem is that the standard of living of your average household in the US has been massively decreased since 1971 when the last vestige of gold backing was taken away from the US dollar.

The US Census Bureau releases stats on the “Median Household Income” and it adjusts it to “inflation”. But, by inflation, they mean the Consumer Price Index (CPI) which is a government statistic that all but takes most of the real inflation out of the CPI as we’ll show below.

Here is a chart of the Median Household Income in the US since 1971.

In 1971, the median household income, in CPI-adjusted dollars, was $45,641. In 2013 it was $52,100.

Even when adjusted to the CPI this sticks out as being a 42 year period of stagnation. Why? Because of productivity increases. Remember, in 1971, your average office worker had access to a rotary telephone and a calculator. To do so much as book a flight, or calculate some accounting numbers would have taken all day. In today’s world, with the internet and all manner of other technological advances, what could have been done in a day forty years ago can now be done in about five minutes or less.

Aside from the internet, nearly every sector of the economy has seen massive technological improvements. Even in terms of agriculture, according to the USDA, total output has nearly doubled since 1971. Nearly every industry is similar. There have been massive productivity increases… but where is the increase in household income?

The fact is, it is far worse than it looks. Since 1971, the average annual CPI increase, has been 2.69% per annum. In other words, according to the government’s calculations, there has been price inflation, each year of 2.69%.

However, the true money supply, as calculated by TDV Senior Analyst, Ed Bugos, has increased by approximately 7% per annum since 1971.

Which number seems most correct? Well, let’s look at a few main indicators in terms of price.

In 1971, the Median Sales Price for new homes sold in the US was $24,500. As of August of this year, the Median Sales Price was $275,600. That is an annualized increase of 5.93% per year since 1971.

Much closer to the true money supply gauge of monetary inflation of 7% than to the government’s gauge of price inflation, the CPI, of 2.69%.

How about the stock market? The Dow Jones Industrial Average was at 830.57 on the first trading day of 1971. Today, it is at roughly 17,000… for an annual average increase of 7.45%. Again, nearly the same as the increase in the true money supply and far removed from the government’s inflation index of 2.69%.

How about “education”? Forget for the moment that most college educations are a complete waste of time and money, particularly in today’s digital information where all information is freely accessible. According to Bloomberg, from 1978 to 2012, the cost of attaining a college degree rose 1,120%.

That is an annualized increase of… you guessed it, 7.5% per annum.

Adjusting Median Household Income to True Inflation

Assuming that 7% annual inflation is much more of a better gauge of inflation over the last four decades let’s re-adjust the Median Household Income to 7% instead of the government’s 2.69%.

In 1971, the Median Household Income in the US was $7,805. If the median income kept up with the true money supply, housing or the stock market, at roughly 7% per annum then the Median Household Income today would be $125,000.

It currently stands at $52,100 as of June, 2013.

That is how central banking and its money printing rob the average person.

Of course, for society’s most wealthy who have most of their wealth in hard assets like real estate and the stock market, they are the main benefactors of inflation as most of the new money flows to these assets.

This graph from Doug Short of dshort.com from this article at Advisor Perspectives, shows the glaring difference between Mean Household Income between the top 5% and the lower quartiles.

[The rest of this article is available to TDV subscribers in the September issue of TDV along with Austrian economics based analysis on the markets by TDV Senior Analyst, Ed Bugos, discussion of Apple by Justin O'Connell, our regular expat article/interview from around the world, TEOTMSAWKI News & Redmond Weissenberger.  Subscribe here for as little as $15/month]

To comment on this article, join us at TDV 

Jeff Berwick

Central Banking Is Financial Terrorism

Fri, 09/26/2014 - 18:29

[The following post is by TDV Chief Editor, Jeff Berwick]

"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." - John Maynard Keynes

Yes, that quote is by John Maynard Keynes the hero and savior of the likes of Ben Bernanke, Janet Yellen and Paul Krugman… all of whom are proud Keynesians.

And while there is some awakening to the evils of the Federal Reserve and central banking as a whole, notably with the “End the Fed” protests and rallies, for the most part the “not one man in a million is able to diagnose” part is true. It may be closer to one man in a hundred now, though, so there is some hope.

Let’s look at the two most evil facets of communist-style, centrally planned, central banking.

IT DESTROYS LIVING STANDARDS

It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford

The people in the US are starting to wake up to the fact that there are massive problems… resulting in things like Occupy Wall Street and fast-food workers going on strike for a higher minimum wage. What most of them don’t get is what the real problem is… the Federal Reserve and money printing… AKA. Quantitative Easing.

The real problem is that the standard of living of your average household in the US has been massively decreased since 1971 when the last vestige of gold backing was taken away from the US dollar.

The US Census Bureau releases stats on the “Median Household Income” and it adjusts it to “inflation”. But, by inflation, they mean the Consumer Price Index (CPI) which is a government statistic that all but takes most of the real inflation out of the CPI as we’ll show below.

Here is a chart of the Median Household Income in the US since 1971.

In 1971, the median household income, in CPI-adjusted dollars, was $45,641. In 2013 it was $52,100.

Even when adjusted to the CPI this sticks out as being a 42 year period of stagnation. Why? Because of productivity increases. Remember, in 1971, your average office worker had access to a rotary telephone and a calculator. To do so much as book a flight, or calculate some accounting numbers would have taken all day. In today’s world, with the internet and all manner of other technological advances, what could have been done in a day forty years ago can now be done in about five minutes or less.

Aside from the internet, nearly every sector of the economy has seen massive technological improvements. Even in terms of agriculture, according to the USDA, total output has nearly doubled since 1971. Nearly every industry is similar. There have been massive productivity increases… but where is the increase in household income?

The fact is, it is far worse than it looks. Since 1971, the average annual CPI increase, has been 2.69% per annum. In other words, according to the government’s calculations, there has been price inflation, each year of 2.69%.

However, the true money supply, as calculated by TDV Senior Analyst, Ed Bugos, has increased by approximately 7% per annum since 1971.

Which number seems most correct? Well, let’s look at a few main indicators in terms of price.

In 1971, the Median Sales Price for new homes sold in the US was $24,500. As of August of this year, the Median Sales Price was $275,600. That is an annualized increase of 5.93% per year since 1971.

Much closer to the true money supply gauge of monetary inflation of 7% than to the government’s gauge of price inflation, the CPI, of 2.69%.

How about the stock market? The Dow Jones Industrial Average was at 830.57 on the first trading day of 1971. Today, it is at roughly 17,000… for an annual average increase of 7.45%. Again, nearly the same as the increase in the true money supply and far removed from the government’s inflation index of 2.69%.

How about “education”? Forget for the moment that most college educations are a complete waste of time and money, particularly in today’s digital information where all information is freely accessible. According to Bloomberg, from 1978 to 2012, the cost of attaining a college degree rose 1,120%.

That is an annualized increase of… you guessed it, 7.5% per annum.

Adjusting Median Household Income to True Inflation

Assuming that 7% annual inflation is much more of a better gauge of inflation over the last four decades let’s re-adjust the Median Household Income to 7% instead of the government’s 2.69%.

In 1971, the Median Household Income in the US was $7,805. If the median income kept up with the true money supply, housing or the stock market, at roughly 7% per annum then the Median Household Income today would be $125,000.

It currently stands at $52,100 as of June, 2013.

That is how central banking and its money printing rob the average person.

Of course, for society’s most wealthy who have most of their wealth in hard assets like real estate and the stock market, they are the main benefactors of inflation as most of the new money flows to these assets.

This graph from Doug Short of dshort.com from this article at Advisor Perspectives, shows the glaring difference between Mean Household Income between the top 5% and the lower quartiles.

[The rest of this article is available to TDV subscribers in the September issue of TDV along with Austrian economics based analysis on the markets by TDV Senior Analyst, Ed Bugos, discussion of Apple by Justin O'Connell, our regular expat article/interview from around the world, TEOTMSAWKI News & Redmond Weissenberger.  Subscribe here for as little as $15/month]

To comment on this article, join us at TDV 

Jeff Berwick

Central Banking Is Financial Terrorism

Fri, 09/26/2014 - 18:29

[The following post is by TDV Chief Editor, Jeff Berwick]

"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." - John Maynard Keynes

Yes, that quote is by John Maynard Keynes the hero and savior of the likes of Ben Bernanke, Janet Yellen and Paul Krugman… all of whom are proud Keynesians.

And while there is some awakening to the evils of the Federal Reserve and central banking as a whole, notably with the “End the Fed” protests and rallies, for the most part the “not one man in a million is able to diagnose” part is true. It may be closer to one man in a hundred now, though, so there is some hope.

Let’s look at the two most evil facets of communist-style, centrally planned, central banking.

IT DESTROYS LIVING STANDARDS

It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford

The people in the US are starting to wake up to the fact that there are massive problems… resulting in things like Occupy Wall Street and fast-food workers going on strike for a higher minimum wage. What most of them don’t get is what the real problem is… the Federal Reserve and money printing… AKA. Quantitative Easing.

The real problem is that the standard of living of your average household in the US has been massively decreased since 1971 when the last vestige of gold backing was taken away from the US dollar.

The US Census Bureau releases stats on the “Median Household Income” and it adjusts it to “inflation”. But, by inflation, they mean the Consumer Price Index (CPI) which is a government statistic that all but takes most of the real inflation out of the CPI as we’ll show below.

Here is a chart of the Median Household Income in the US since 1971.

In 1971, the median household income, in CPI-adjusted dollars, was $45,641. In 2013 it was $52,100.

Even when adjusted to the CPI this sticks out as being a 42 year period of stagnation. Why? Because of productivity increases. Remember, in 1971, your average office worker had access to a rotary telephone and a calculator. To do so much as book a flight, or calculate some accounting numbers would have taken all day. In today’s world, with the internet and all manner of other technological advances, what could have been done in a day forty years ago can now be done in about five minutes or less.

Aside from the internet, nearly every sector of the economy has seen massive technological improvements. Even in terms of agriculture, according to the USDA, total output has nearly doubled since 1971. Nearly every industry is similar. There have been massive productivity increases… but where is the increase in household income?

The fact is, it is far worse than it looks. Since 1971, the average annual CPI increase, has been 2.69% per annum. In other words, according to the government’s calculations, there has been price inflation, each year of 2.69%.

However, the true money supply, as calculated by TDV Senior Analyst, Ed Bugos, has increased by approximately 7% per annum since 1971.

Which number seems most correct? Well, let’s look at a few main indicators in terms of price.

In 1971, the Median Sales Price for new homes sold in the US was $24,500. As of August of this year, the Median Sales Price was $275,600. That is an annualized increase of 5.93% per year since 1971.

Much closer to the true money supply gauge of monetary inflation of 7% than to the government’s gauge of price inflation, the CPI, of 2.69%.

How about the stock market? The Dow Jones Industrial Average was at 830.57 on the first trading day of 1971. Today, it is at roughly 17,000… for an annual average increase of 7.45%. Again, nearly the same as the increase in the true money supply and far removed from the government’s inflation index of 2.69%.

How about “education”? Forget for the moment that most college educations are a complete waste of time and money, particularly in today’s digital information where all information is freely accessible. According to Bloomberg, from 1978 to 2012, the cost of attaining a college degree rose 1,120%.

That is an annualized increase of… you guessed it, 7.5% per annum.

Adjusting Median Household Income to True Inflation

Assuming that 7% annual inflation is much more of a better gauge of inflation over the last four decades let’s re-adjust the Median Household Income to 7% instead of the government’s 2.69%.

In 1971, the Median Household Income in the US was $7,805. If the median income kept up with the true money supply, housing or the stock market, at roughly 7% per annum then the Median Household Income today would be $125,000.

It currently stands at $52,100 as of June, 2013.

That is how central banking and its money printing rob the average person.

Of course, for society’s most wealthy who have most of their wealth in hard assets like real estate and the stock market, they are the main benefactors of inflation as most of the new money flows to these assets.

This graph from Doug Short of dshort.com from this article at Advisor Perspectives, shows the glaring difference between Mean Household Income between the top 5% and the lower quartiles.

[The rest of this article is available to TDV subscribers in the September issue of TDV along with Austrian economics based analysis on the markets by TDV Senior Analyst, Ed Bugos, discussion of Apple by Justin O'Connell, our regular expat article/interview from around the world, TEOTMSAWKI News & Redmond Weissenberger.  Subscribe here for as little as $15/month]

To comment on this article, join us at TDV 

Jeff Berwick

Anarchast: New Hampshire the Free State

Fri, 09/26/2014 - 18:05

Jeff Interviews Ian Freeman from Free Talk Live Talk Radio, tpics include: the Libertarian Party, Harry Brown, New Hampshire, activism, Porcfest, Liberty Forum, KeeneVention, Free State Project, copblock, Derrick J's Victimless Crime Spree, the importance of broadcast radio.

Click here or on thumbnail

 

Anarchast: New Hampshire the Free State

Fri, 09/26/2014 - 18:05

Jeff Interviews Ian Freeman from Free Talk Live Talk Radio, tpics include: the Libertarian Party, Harry Brown, New Hampshire, activism, Porcfest, Liberty Forum, KeeneVention, Free State Project, copblock, Derrick J's Victimless Crime Spree, the importance of broadcast radio.

Click here or on thumbnail

 

Anarchast: New Hampshire the Free State

Fri, 09/26/2014 - 18:05

Jeff Interviews Ian Freeman from Free Talk Live Talk Radio, tpics include: the Libertarian Party, Harry Brown, New Hampshire, activism, Porcfest, Liberty Forum, KeeneVention, Free State Project, copblock, Derrick J's Victimless Crime Spree, the importance of broadcast radio.

Click here or on thumbnail

 

Hunger Games DC, USA 2014

Thu, 09/25/2014 - 04:01

[The following post is by TDV Chief Editor, Jeff Berwick]

You might think the "Hunger Games" universe is pure fiction, but, as they say, art imitates life and the parallels between the story of The Hunger Games and the US today are not only becoming very noticable but backed up by fact... not least of which is the amount of people in the US on food stamps... in other words, there are about 50 million hungry people out there in the Districts.

But it goes much further than that.

If you're familiar with that universe, thought up by Suzanne Collins for her The Hunger Games book series, you might remember "The Capitol" or "Panem" as it is called. 

The Capitol is the seat of a brutal, totalitarian government. In the movie the seat of the government is in the western Rocky Mountains of what was once the United States and Canada (perhaps an eery preview to the countless bizarre real-life stories surrounding the Denver International Airport and its massive excavation project said to be an underground bunker for the elites and the bizarre satanic/illuminati artwork in the airport such as below).

In the film, The Capitol is surrounded by twelve districts - its kingdom, so to speak. The Capitol is home to the dictator and several of the film's main characters. It is generally regarded as where the rich and elite live. Far removed from the suffering and oppression of the twelve Districts, The Capitol is awash in fashion, parties, depravity and entertainment, including the Hunger Games themselves.

The Capitol's citizens are depicted as clueless of the suffering in the Districts or unconcerned by it. The Capitol, very different than the Districts in its style, culture and even accent. Many of the people have been given names of ancient Greo-Roman derivation, and the city is decorated by a modernized version of Roman architecture.

The Hunger Games themselves are a cause for celebration among those in the Capitol, since they cannot be chosen for the Games and serves as a sort of NFL of today, but with less rape and wife beating. The Hunger Games are a punishment for the Districts attempted rebellion. Citizens gamble on the tributes and sponsor their favorites in the arena, providing water, food, weapons, and other provisions, despite that in all likelihood they will die terrible, brutal deaths. 

I wish I could say this is not anything at all like our current reality. But, unfortunately, this is not the case. When I think about Washington DC, increasingly, I see The Capitol depicted in the Hunger Games. As the chart below illustrates, DC leads the way in the US for federal public corruption convictions. 

The inhabitants of DC are getting richer than those in the 50 Districts (formerly known as "states"). In recent years this has increased to a dramatic degree... becoming painfully obvious especially when you consider that DC, unlike San Francisco (and its Silicon Valley) has almost no natural, wealth building industry.

It should be noted that Washington, in the District of Criminals, rarely exceeded other areas of the country in terms of Median Household Income until just after the epoch moment that occurred in 2001, centralizing more power to Washington.  And then the gains were much more dramatic since the financial crisis of 2008 which gifted the banks even more freshly printed Federal Reserve Notes (they call them dollars in most of the districts) and centralized even more power to DC.

IT HAPPENS IN EVERY EMPIRE AND EVERY COUNTRY

Truthfully, however, The Hunger Games could be a metaphor for the "capital city" of any country or empire.  In nearly every country on Earth the most wealthy people usually gravitate around the center, or seat, of power.  

Government is pure satanism and, like in the Lord of the Rings, the ring of power allures all and destroys all that is good.  Those that lust for its power always gravitate to its core... usually making the capital city of nearly every country one of the worst places in the country... at least in terms of the vibe.

No one goes to amazing places in Mexico like Acapulco (or as I call it and will be hosting an event here called Anarchapulco), or Playa del Carmen, and says they'd much prefer living in Mexico City (located in Districto Federal, of course).  The same goes for almost every capital city in the world.

But, because they are the seats of power and are constantly producing nothing and taking the wealth of the rest of the nation by force, businesses also gravitate there... and then people, looking to get some of the scraps from the power structure.  It tends to become a seedy, soulless place over time and Washington DC exemplifies this in many ways.

It is all a function of having a thieving, criminal, corrupt and dangerous center for the most illicit and criminal of trades... taxes, regulation and, of course, central banks.

ALWAYS HOPE

There is always hope, however, for goodness and decency to pervade.  Just like in The Hunger Games, all it took was for one girl who was particularly good with a long bow to stand up and fight it to, potentially, bring it all down.

You too, can make a difference, and begin to extract yourself from this heinous system of government and central banks.  Follow us here at TDV as we discuss many different ways to do so, including buying and internationalizing precious metals (of which there hasn't been a better time in years), bitcoin, internationalizing your assets, becoming a citizen of a less oppressive regime with lower extortion (tax) rates and more.

The heroes of today's real life Hunger Games, are those who want to break away from the system... the plebes from the Districts outside of The Capitol, who don't want to continue to be oppressed.

Those in The Capitol hate us and despise us, as do even the plebes in the poverty stricken districts, for they are told that those of us removing ourself from the system are hurting not only The Capitol, but those barely surviving in the system itself.

It's an age-old plight, from those defecting from the Soviet Union, to the fictional accounts of Galt's Gulch in Ayn Rand's Atlas Shrugged to today, where the amount of businesses and people trying to defect from the US are reaching epic proportions.

And its only going to get worse, much worse, from here as the world has nearly totally shunned its power source now, the US dollar.  In that sense, the games have just begun.  Happy Hunger Games!  And may the odds be ever in your favor. 

Comments on "The Capitol"? Join us at The Dollar Vigilante!

Jeff Berwick

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