Turning Milk Cows into Beef Cows

By: Jeff Berwick | Mon, Sep 19, 2011
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We are now entering the final stages of the collapse of the western financial system and the democracies and nation-states themselves. Faced with soaring deficits the western governments have been thrashing around looking at any possible way to stay alive a little longer as their tax milk cows become tapped out.


Future Hitler Wanna-Be,
Danny Alexander

In the UK, Chief Secretary to the Treasury, Danny Alexander, recently walked up to the microphone and announced that it was up to those who still had wealth left after decades of wealth destruction by the government to pay their "share of the burden".

How it is anyone's burden other than the government officials themselves is hard to see. But, Danny Alexander, who probably gravitated to government work after having been beat up in the government school system relentlessly for being such a doughboy found that all he has to do is get his greasy self into the system and from there he can be the one who throws people into cages if they do not give him their lunch money.

With fists clenched, he announced the hiring of 2,000 new tax collectors to ensure they get their pound of flesh from UK citizens and even formed a 100 member "affluence team" to make sure that those who still have some affluence are quickly sorted out.

Meanwhile, on the other side of the pond, another man with Hitler-esque intentions, Barack Obama, conveyed the thoughts of the Presidential teleprompter and stated it was time that the rich in the US pay their "fair share".

His perception of fairness is difficult to fathom, considering that the top 1% of the US population pay 40% of the extortion fees (taxes) already.

To show he has support from, well, one rich person, Warren Buffet, he named the tax after the government-sellout, former best investor of the world, calling it the "Buffet Tax". What a proud moment that must be to have a tax named after you, hey Warren?

While Warren made his money on his own decades ago, he has since gone the route of the typical older, wealthy individual and sold out to the system now in order to try to keep his wealth and prestige. He trades off socialistic soundbites now in exchange for tipoffs and deals on stocks like Bank of America.

So, in both the UK and the US they are going after "rich" folks. But, the fact of the matter is, the incredibly wealthy, if they are smart, are already in bed with all the right governmental officials to make sure they have every loophole out of paying more. And the rich, if they have any capability, will be taking off for foreign lands in droves. Many already have. Just ask Jim Rogers, Doug Casey and Robert Friedland to name a few.

Seeing this, Austria, not liking that Europeans may be trying to protect themselves from the collapsing euro, announced that gold will now be a "restricted commodity" and won't allow purchase transactions of over 15,000 euros.

In the meanwhile, Mayor Bloomberg of New York warns to prepare for riots and Ron Paul has stated something in which we have long said, that the wall on the Mexican border could be used to keep Americans in, in the future.

All of this points to the fact that those who have long been thought of by their own government as tax milk cows may find their government looking at some of them with a knife and fork.

Given all the evidence it is becoming crazy not to begin to look to protect yourself. If you haven't begun to move your retirement savings outside of your home country, as can be done - for Americans - through the Unleash Your IRA program (https://passportira.infusionsoft.com/go/unleash/dv) or looked to get a second passport via services such as our Dominican Republican residency and passport services (http://www.dollarvigilante.com/dominican-passport/) then what are you waiting for?

There will be no official announcement ahead of the collapse of these states. In fact, they will inundate their tax milk cows with propaganda saying the exact opposite right up until the day of collapse. Just ask anyone who used to live in the USSR. Other than those with government or KGB ties, only those who managed to defect/expatriate or get their assets out of the ruble and outside of the country managed to survive the collapse in comfort and could then return with their assets afterwards to help rebuild (and make even larger fortunes).

For those who were least prepared and who found themselves on the wrong side of the Communist government, they quickly found out that the transition from milk cow to beef cow could come with just a knock at the door.

 


 

Jeff Berwick

Author: Jeff Berwick

Jeff Berwick
Chief Editor
The Dollar Vigilante

Jeff Berwick

Anarcho-Capitalist. Libertarian. Freedom fighter against mankind's two biggest enemies, the State and the Central Banks. Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast. Jeff is a prominent speaker at many of the world's freedom, investment and gold conferences as well as regularly in the media including CNBC, CNN and Fox Business.

Jeff's background in the financial markets dates back to his founding of Canada's largest financial website, Stockhouse.com, in 1994. In the late '90s the company expanded worldwide into 8 different countries and had 250 employees and a market capitalization of $240 million USD at the peak of the "tech bubble". To this day more than a million investors use Stockhouse.com for investment information every month.

Jeff was the CEO from 1994 until 2002 when he sold the company and still continued on as a director afterwards until 2007. Afterwards, Berwick went forth to live on and travel the world by sailboat but after one year of sailing his boat sank in a storm off the coast of El Salvador. After being saved clinging to his surfboard with nothing but a pair of surfing shorts left of all his material possessions he decided to "live nowhere" and travel the world as spontaneously as possible with one overarching goal: See and understand the world with his own eyes, not through the lens of the media.

He went on to visit nearly 100 countries over four years and did and saw things that no education could ever teach. He met and spoke with a plethora of amazing people, from self-made billionaires to some of the brightest minds in finance - as well as entrepreneurs from a broad range of backgrounds and locations from tech companies in southern China to resource developers in Mongolia, Thailand, Russia and Chile. He also read everything he could find on how the world really works... politically and financially. A pursuit he continues to this day.

He expatriated, long ago from his country of birth, Canada, and considers himself a citizen of the world. He has lived in numerous locales since including Los Angeles, Hong Kong, Bangkok and currently lives in Acapulco, Mexico and is building a home in Cafayate, Argentina. In essence, everything he writes about here for TDV he has done or is doing.

As well, during his travels, both real and virtual (through the internet), he met some amazing people who have a similar shared vision of what is currently going on in the world and enticed them to come aboard TDV and provide their own brand of analysis.

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