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Is The US Killing The Global Economy?
Originally posted at Armstrong Economics,
The United States is the ONLY country that taxes American citizens even if they have never lived in the United States at any time. Once born American, you owe taxes as an economic slave even when you receive nothing and have never lived in the USA. This law passed last December that authorizes the confiscation of any firm’s assets if they do not report what an American citizen does overseas has been devastating. Americans have been thrown out of banks everywhere. In Switzerland, you have to fill out papers to open and account swearing you are not an American citizen even if you are Swiss. Americans are being thrown out of public funds and just about everything anywhere right down to safety deposit boxes. The balance of trade will continue to collapse as foreign goods can be sold to Americans but Americans cannot open businesses overseas unless you are part of the big multinational corporations. This alone has sent the velocity of money spiraling downward. However, what is going on now is just off the wall.
The US government is now hunting down people who may have had one parent as an American yet they have lived outside the USA all their lives. The IRS has been hunting lineage of Canadians who had one American parent and are sending them letters informing them that by US law they should have been paying taxes their whole life to America in addition to Canada. This is sending countless Canadians running for lawyers all because the USA is broke.
How Americans are being treated by their own country is not as a free individual, but as economic property to pay revenue to the government regardless of where they live. NO OTHER NATION DOES THIS BUT THE USA. We are in such serious trouble with this Sovereign Debt Crisis that all liberty is being lost. Virtually every other major nation does not tax worldwide income if earned outside the country under the simple theory you pay taxes to use state services. If you are not there, you do not pay. American are owned by the government no different than the days of slavery. If your parents were slaves, you were the moment you were born. We perhaps ended private ownership of people, but we did not end state ownership of people. You must work and pay taxes and it has nothing to do with paying your “fair share” since there is nothing owed to a citizen by the state.
The desperate need for revenue to pay the bond holders has destroyed everything the constitution was intended to secure.
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Well Mitt, clarified that "I am not a business" once the fix was in that he was going to lose. You can basically have it any way you want it as long as you got proper representations (lobbyists, judges, congress critters, tax pro's) in your pocket.
Mitt did this reformation of "corporations and people may or may not be corporations or people" about the same time he stopped campaigning on the premise "Obama has never done anything outside of government his entire life". His VP running mate Paul Ryan has written tax code every single day since the day he was shat out of undergrad. Not done a single other thing with his life either.
no one/ Just watch Q-4 earnings starting next week/ Look at guidance.revenue vs earnings.( or lack of)
then watch the assclowns over@ CNBS talk about multiples & and P/E numbers/ I can smell Cramer shitting his ipad already.
Understanding Globalisation
The IMF is clueless..Global Financial Stability Report - Restoring Confidence and Progressing on Reforms -October 2012
http://www.imf.org/External/Pubs/FT/GFSR/2012/02/index.htm
The Nature of Globalization Fachhochschule Coburg, 2005 <----- Money Shot!
Government indoctrinated education beliefs spoken in 2008| Have a look at the rat ass humans that cannot think for themselves.
Globalization: What Does It Really Mean?
NO SHIRT NO SHOES NO JUSTICE NO PROBLEM
NO FRAUD TOO SMALL
NO FAILURE TOO LARGE
To remotely view oneself NOT as a possession is foolhardy.
Study the Black Law book and see where your rights are stolen with capital letters.
BWAAhh haaa HAA haaaaaaa.
Until how many generations down the lineage will they hunt down 'American blood'? Is American blood handed down through mother to daughter? Kind of reminds me of something.
america will be hated like the nazi, and its citizens broke and defenceless
American tourists have already started telling others that they are from Canada.
I don't know the details of this new law - but the US has been taxing its citizens living in other parts of the world for years now
THe problem with the improved law is that children of Americans who have never lived in the Untied Snakes are now subject to its tax laws.
That has nothing to do with the 2010 law. Children of Americans who have never lived in the Untied Snakes have always been subject to its tax laws, now the State is exercising that "right".
The decision to pursue these "Americans" is a function of the desperation of the US State to increase control over its serfs under the guise of its desperation for revenue- even though the Federal Reserve is basically underwriting a trillion a year in Ponzi perpetuation.
I've not seen anyone make mention of the author of this piece...to my knowledge this is the first time Martin Armstrong has been featured here.
Armstrong himself is the premier example of political prisoner victim of the USSA....jailed for refusing to hand over his intellectual property to the state and it's cartel capitalist cronies...
I stopped reading him sometime earlier this year though as it seemed that his independence of thought may have been compromised in the deal to let him out...he needs to actually get out of FEMAVILLE and seek asylum in a non-ZOG controlled country...hmm...very limited choice there...Iran, N Korea...Vietnam???
Then maybe he will finally feel free to speak the truth about what he knows is really going on...Merikans are not tax slaves to the government of Merika...they are tax slaves to a foreign power...whose dual citiizend czars and sultans lord it over their goy serfs in imperial splendor.
http://www.youtube.com/watch?v=d-bf3USVWQE \ Morris breaks it down for the listening audience!
though i'm happy he's "free", i do miss all those xeroxed collages, handmade drawings & typewriter typos in his joints from the joint. something about the DIY ethos of it all made it feel like he was actually teaching you something, instead of talkin his book like all the other pundits. personally fond of this classic:
http://www.martinarmstrong.org/files/The-Paradox-of-Solution-4-18-10.pdf
HE WHO CONTROLS THE MONEY CONTROLS THE RULES
Good stuff...those were indeed the days...did you check the address on the copy your link supplies? Ft Dix Camp, Ft Dix NJ...
seems to me a lot of Merikans are going to have similar type addresses soon...
Mervin J Goofus...Fema Camp #23,[your state here]FEMA Region C, USSA.
just sayin!
thanks for the expat on the back reminder amigo
I followed Martin Armstrong's writings very closely when he was being held as an enemy of the forces of darkness.
But after being back on the street for awhile, something in his soul seems to have snapped. And in September, I just stopped reading because he wasn't teaching me anything anymore.
Maybe he's stuck between the proverbial rock and hard place in his attempt to rebuild his life back out here in the 'free world.'
...But after being back on the street for awhile, something in his soul seems to have snapped. And in September, I just stopped reading because he wasn't teaching me anything anymore...
Affirmative...they pretty much destroyed him inside...refusal of medical treatment, solitary, probably more 'dark' stuff than we even wanna imagine...I'll never diss Martin, for what he went through at the hands of the state it's a miracle he's even alive...but he's still a political prisoner.
The Euromerkian gulag is real...nobody wants to see the walls closing in so it's eyes wide shut!
tell that to Lord Vader... the Empire must be fed
If the world economy isn't growing any more or may even be shrinking, then the most likely cause is that as a whole species (and not just the USA) that we used up most of the input resources that has been the structural foundation for our industrial economies. If the garnering of inputs can't grow any more or are forced to shrink because they are harder to find then the world economy doesn't grow either or ends up shrinking.
http://www.zerohedge.com/news/observations-engineer
And if that's the case then taxes or austerity or budget issues won't change the big picture at all.
excerpt from your observations i thought was particularly poignant:
As a race, we unknowingly got to this point because growth is the nature of all living things. It is natural for all living things to exploit their resources, and to go forth and multiply and have some fun. Reaching the predicament of resource constraints would have occurred irregardless of which political party is in control, or which economic model was used by governments, or which religion is practiced by the people. The people currently sitting at the top are mostly not to blame for this predicament, as it was going to happen anyway. However, this does not excuse abuse of one's position for anybody that has done that. Fairness is expected by everybody. In support of this point of view, I would like to quote the wisdom of Steve Jobs who recently told the powers that be:
"The axis today is not liberal and conservative, the axis is constructive-destructive" -- Steve Jobs
Indeed, and the axis is not capitalism, socialism, communism, black, white, red, or yellow, Christian, Hindu, Buddhist, Islam, etc, etc, either. It is simply in being constructive, and building for the best future we possibly can, with the best information and best analysis possible, and in being reasonable and working in cooperation with each other.
thanks for reminding us of the Big Picture.
I am a taxunit..my sweat is turned into food and shelter for others, not for me. it is for wars I do not want. it is for expanding my prison and for sadists who enforce draconian rules..and so many want more of the private wealth poured into the maw of a beast ruled by .1% who are above all rules.
some here still talk of higher confiscation to keep it going and expanding..madness
America, the world's biggest empire and banana republic. But....we shouldn't forget...."They" hate us for our freedom.
Killing the global economy? Why with the capital flight out of the US and the other broke-ass western nations, we are building out the rest of the global economy creating brand new competition. Seems nothing short of hubris and stupidity to me, but my opinion and $4 bucks will buy a coffee at Starbucks.