Interview 1040 – Financial Survival: The Global Tax Grid Cometh
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Every week James appears on Financial Survival with Alfred Adask to discuss news, economics and current events. This week they discuss the Eurozone meltdown and the unlikelihood of a Grexit, why more Americans are renouncing their citizenship than ever, and how a global tax grid is being constructed behind the scenes as a cornerstone of world government.
SHOW NOTES:
China Changes Its Strategy Towards Japan
The ECB’s asset purchases programme helps to end the eurozone’s four-month spell of deflation
China Looks to Boost Bank Lending with New QE Policy
Double digit unemployment predicted even if eurozone recovers
Greece taps reserves to pay IMF loan
NATO Will Not Allow Greece Leave EU: Faber
Record number of Americans abroad giving up citizenship
Swiss Bank Secrecy Succumbs To U.S. Tax Enforcers
OECD strikes global deal on automatic tax information sharing
Roger Ver Denied US Entry to Attend Bitcoin Conference
Filed in: Interviews
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Alfred and James,
The reason Americans who live outside the US are giving up their citizenship is mostly likely NOT because they have to pay double taxes. The foreign income tax exclusion excludes the first $100k-ish of income from being taxes. I think you’ll find that this wave of expatriation has to do with the increasing inability of Americans to bank and do business in other countries due to FATCA. Also, the tax forms that one have to fills out whether one “owes” tax or not are a royal pain in the butt. There are lots of articles online about all of this.
The income tax’s purpose is not to raise revenue. It’s purpose is control. FATCA is the stepping stone to world taxation. It is also part of financial repression acting as a currency control.
On the 2D chessboard from a PR point of view the United States as symbolic of a freedom-loving, free enterprise, free speech, free media, free technology hollywoodien utopia ensuring liberty and justice for everyone around the globe is being deliberately demolished in favor of an ostensibly safer, pacifistic, intelligent, scrupulous and more socialistic world as embodied by the brawny brainy benevolent Putin working out with BRICS.
The U.S. is being portrayed as a flailing blood-thirsty mendacious beast in need of euthanasia for the collective good of the entire world population.
This along with the fact that in some cases from a fiscal point of view its just too expensive to be “American” is what I perceive to be the reason for the reported increase in renounced U.S. citizenship.
The formerly perceived if not real benefits of being “American” seem to have evaporated and replaced by a shadowy fema camp vampire seeking to suck the lifeblood out of its citizens wherever they be.
And, I mean, who wants to identify with a has-been?
And I’m wondering, besides the fact that BRICS are environmentally sustainable, to what extent their self-appointed missions ressemble Agenda 21?