Archive - May 5, 2010

The chances of the Euro contagion being contained are quite slim, and the Spanish government is saying it is "madness" that they will be needing a bailout. While they may not be needing a bailout now, it is far from "madness" to speculate on such matters. After all, it is the Spanish government itself that set itself up for such speculation by using pie in the sky numbers to justify their claims of having things under control. Once their projections are seen for what they really are, we shall see what "madness" truly entails...

A reader and former US citizen provides this extensive guide for American expatriation. As noted, "For Americans, reliable information about how to exercise the right of expatriation is very difficult to find without incurring substantial costs. Many high net worth individuals never consider it simply because the subject seems so mysterious and intimidating. Yet freeing yourself from the global U.S. tax net provides the highest guaranteed return on capital that any American will ever know. The purpose of this guide is to demystify expatriation, highlight its many benefits, and provide a roadmap to follow should Americans choose to exercise the right. I hope it will be an invaluable resource to your readers. I am the sole author of the guide, and it is my desire to remain anonymous. As I note in the document, I give unrestricted, royalty- free permission to any and all parties to reproduce, publish and distribute this guide, in whole or in part, on any form of media in all territories throughout the world."

Why audit the Fed? Let me count the ways ...