Two More Reasons to Say 'Thanks' Before Waving Good-Bye to the US

By: Jeff Berwick | Tue, Dec 13, 2011
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This joyous holiday season, those still living in the US should give thanks for one thing: that it's not 2012 yet. If you haven't begun the countdown, now's the time. And there's not a whole lot left of it before it's too late.

You see, the overlords in DC have a host of new disciplinary and capital-control legislation ready to be unleashed upon the populace starting in less than a month.

So, in celebration of the coming new year, here are two more reasons to move your assets out of the good ol' "land of opportunity" immediately before 2012:


NEW LAWS, SAME OLD TOTALITARIANISM: CAPITAL CONTROLS

The Nazis used them. The Soviets used them. It's not as if capital controls are a new idea. Atlas is shrugging. And the kleptocrats in Congress have been frothing at the mouth hoping that the public indoctrination system worked its magic and has blinded you to the obvious closing net around you so you can't escape before it is too late. Before the capital controls soon to be unleashed by Obamacare, there was the aforementioned Dodd-Frank Act, and before that there was the HIRE Act, both of which "incentivize" Americans to keep their assets within the US.

A brief review: The Dodd-Frank Act, which has been in effect since July of 2010, prohibits U.S gold dealers from contracting with specified gold-supplying countries. Such prohibitions have probably already affected the price of gold. The fewer gold suppliers there are, of course, as demand continues to sky rocket, means the price continues to rise as well. There will be fewer (legal) gold dealers as our masters hope that Americans would tame themselves in light of such regulatory harnesses by investing in worthless domestic treasury bonds rather than looking for opportunities abroad. But wait, there's more...

The HIRE Act, in effect since March of 2010, bestows upon every foreign (and domestic) financial organization that receives income from all US tax-payers the duty to report the names, address, taxpayer identification number, balance, gross receipts and gross account withdrawls to the IRS annually. Just one more reason to say good-bye to your right to privacy if you don't say good-bye to the USA instead. Failure to comply with the US government "subjects the foreign entity to a 30% withholding tax on any payment of U.S.-sources investment income, including interest and dividends." The penalty "begins at $10,000, with an additional 40% tax underpayment penalty on underreported foreign assets." And last but not least...


THE FUTURE: "UNIVERSAL, GUARANTEED RETIREMENT ACCOUNTS"

Still have a 401K? Enjoy it while it lasts. Of course, soon those will belong to the state! While the government hasn't succeeded - yet - in mandating that your financial savings accounts be turned over to them, they are sharpening their knives. Since 2009 the socialists in power have been pushing hard for a "universal retirement system." As if the corrupt ponzi scheme, Socialist Security weren't an obvious enough failure in American central planning, the government is now pushing to confiscate your 401Ks by mandating a 5% payroll tax to be redistributed to the general population... well, in the end, the "general population" will get the scraps after government bureaucracy steals and destroys most of it.


ARE YOU GOING TO WAIT ANY LONGER?

Can you literally afford to wait until 2012? After all, as Gary Kinghorn reported yesterday, the US Government is already setting up detention centers and training the National Guard on how best to arrest, detain and re-train anyone in the population who doesn't want to go along. Just remember the 'mantra' being echoed in the National Guard video yesterday, "Of the troops and for the troops"! So much for supporting and defending the Constitution against all enemies foreign and domestic, eh?

This photo from a New Jersey army base in 1969, sent in from friend and TDV Subscriber Doug H., shows what many in the military consider freedom to be to begin with:

Obedience To The Law Is Freedom

We at TDV strongly advise that you invest your time in acquiring citizenship in another country, beginning the process by finding a new passport (check out our Dominican Republic passport program), other than the one forced upon you by the thieving hands of Uncle Sam. We highly recommend reading Mark Nestman's The Lifeboat Strategy and Terry Coxon's Unleash Your IRA for beginning the process of expatriation from the Empire. Or mull over a move to Doug's Gulch in Northern Argentina or Jeff's Gulch in Acapulco. The brutes of the American Empire and many of the western governments will only bear their teeth even more in 2012.

This holiday season, be thankful there's still time to find financial and personal opportunities outside the US. How much time, however, is another question.

 


Subscribe to The Dollar Vigilante to keep abreast of info, analysis and actionable info on how best to get your assets and your ass outside of the US, Europe and most western countries as they all lurch towards bankruptcy and will be looking to take their own citizens down with it.

 


 

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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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/