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New International Gang Of Thieves Make Somali Pirates Look Like Amateurs
Submitted by Simon Black via Sovereign Man blog,
When the two young petty thieves, Rinconete and Cortadillo, came to Seville they were quickly censured for stealing.
To their surprise, it wasn’t for the theft itself, but instead because they were not registered with the local thieves’ guild.
In this upside-down world imagined by Miguel Cervantes, theft was not a crime, but a craft—performed in the name of God and justice.
And like any other craftsmen of the day, the thieves had formed a guild. There they provided training and support to their members, while maintaining an exclusive right to engage in the trade.
This past month, a real-life guild of thieves was formed. With 51 governments pledging their support to each other for the protection of their ignoble craft of theft. And another 30 pledging to join by 2018.
From day one, governments have been pilfering their citizens’ assets through taxation, claiming a monopoly on thievery.
From the largest institution to the pettiest pickpocket, anyone else who tries to engage in theft is severely punished, as governments work to protect their exclusive right to steal.
Frighteningly, they do this all out in the open, believing that they actually have a moral right to commit theft.
You can see this delusion in the US government’s claims that last year they “lost out” on $337 billion from people avoiding taxes. As if they have some moral claim to the money they’d failed to pilfer.
Nonetheless, they use this claim to justify actively hunting down and penalizing anyone who takes action to avoid being stolen from.
The ones that are doing this are the bankrupt countries, and the deeper they slide into debt, the more desperate they become.
Which is why these broke governments are now joining forces, pledging to to collect and share information amongst themselves about citizens’ bank accounts, taxes, assets and income outside local tax jurisdictions.
Basically—I’ll help you steal from your citizens if you help me steal from mine.
Both the punishment and the likelihood of getting caught for tax evasion are growing. Don’t even bother trying.
However that doesn’t mean that you have no choice but to sit there and let your self be stolen from.
While there are still ways of legally reducing your tax burden from within a country, your best option is to move and diversify.
Diversification is key, because if you have all your eggs in one bankrupt basket, you are really taking on extraordinary risk.
Moving some assets abroad can legitimately reduce some of this risk. And an even greater strategy is considering moving yourself.
Citizens of most countries have the benefit of divorcing themselves from the tax system simply by moving abroad.
It’s a bit more onerous for US citizens. But for Americans living abroad, it’s still possible to earn roughly $100,000 without paying income tax.
In fact, between the Foreign Earned Income Exclusion, Foreign Housing Exclusion, SEP IRA contributions, and more, an American couple can sock away roughly $300,000 per year while paying almost zero income tax.
And if you become a resident of Puerto Rico (which any American can do), it’s possibly to completely eliminate US federal income tax on any amount of money.
By doing so, not only are you taking yourself out of the reach of this gang of thieves, but you are also casting a vote with your feet.
More important than the ballot box, this is a vote that actually counts. And one you have complete control over.
(Don’t worry– if you can’t move, there are still plenty of options to reduce your tax burden and take back your freedom. More on this in upcoming letters.)
* * *
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This historical pattern has formed and is already underway in many parts of the world, including the United States.
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I'm already on the Alpaca farm Simon, we're good!
pods
well Central banks i thought were in the lead for stealing... http://hedgeaccordingly.com/2014/11/abenomics-architect-koichi-hamada-ca...
CR has its own set of challenges. Labor there is expensive and demanding. Maybe great to retire but in terms of entrepreneurship, I wouldn't waste my time there.
PR is bankrupt as well the govt has been conducting back door bailouts for years. As the economy continues to decline, less people will be able to afford expensive vacations, and their revenues will decline further. Don't think for one minute the govt in PR isn't going to come after your shit too.
somebody tell me how I can continue to make money in california - and live here most of the year - and legally not pay taxes. You'll have my full attention.
Incorporate.
What the hell, try the 'incorporation' angle.
It worked for the 'Federal' Government...
Simple answer: You can't
The best solution is to take as much of your income as possible as pension benefits, deferred comp, and (if you're self-employed or a partner in a business/practice) put 1/4 of your annual income away in a SEP-IRA.
That way, at least when you leave the state, California will have no further (legal) claim on any of those assets.
But, be forwarned, California is desperate for revenue, and if you are foolish enough to leave any of your assets behind in an institution that has any presence in the state, it will be frozen by Governor MoonBeam.
Good Luck!
Oh, that's too easy.
Change your name to Hernando Vasquez Ortega, go down to Tijuana, and pay a guy down there to ship you back in the undercarriage of an 18-wheeler. THEN, you can not only work 'under the table', but you can get free medical, dental, vision care, welfare, free schooling for the kids, EBT cards, free section 8 housing, AND people will feel sorry for your 'status' as an ILLEGAL ALIEN as well! If you're an entrepenuer, you could start a side business in importation and sales of all things 'not quite legal' as well. Mexican pot is ditchweed, though (the best is local NorCal, or hydroponic SoCal).
CALIFORNIA was a lost cause back in 1990.
Puerto Rico.....I need to ponder this and do a little research.
One tiny problem with PR; crime is off the charts. Not as bad as Mexico, but pretty bad. I used to go there 4-5 times a year. I have had two buddies knifed there for their wallets in the last few years. Now, way too dangerous for me. “Poverty, inequality and drugs,” they say are the leading causes [like in most places]. It’s a shame b/c it’s a beautiful country and 99% of the people are wonderful and also serve excellent food. When and if they clean up the crime [and it's causes] I'll certianly return there.
what does PR crime (assuming that's the case) have anything to do with telling the gov that you live there in order to reduce your taxes?
my legal address is a UPS store
I don't think you understood the article. It has more to do with where you earn money than where you live. Citizenship is also a factor. Simon's real pupose is to make money for his own wallet. Most foriegners are not welcome when they take jobs from locals and if you're retired then you have no money that is exempt because it isn't earned income. Going somehwere to live in a crime ridden hell hole will not help anyone.
So then, why couldn't your corporate address be a UPS store?
Listen River.
Puerto Rico is the largest welfare state in the USSA, per capita. It's absurd how those PR fuckers use the USSA. They get you Americans real good, monthly!
If you pay taxes in the USA by the governments own laws it's illegal because you are supporting an organization that violates the RICO act no?
I know, right?
I had to read for a minute or two, to figure out which 3rd world shithole Simon would be hawking this week.
Paying taxes or moving to Puerto Rico... can i think awhile on this?
Listen Burn.
Either way you look at it the "RENT" is too damn high! The thieves are the land owners!
LEGALIZED MAFIA
the real thievery is by the rich ... with effective tax rates of say 15% ... versus double that for j6p
Move to Puerto Rico? nah...
speaking of thieves, came across this on the fly:
Rumors of a "NY think tank" report on Japan
Rumors of a "NY think tank" report on Japan are doing the rounds and have crystalized around the idea that PM Abe (and his Abenomics) could lose some 20-30 seats in December general elections, though could still maintain a majority barring a sharp decline in the stock market. Should Abe retain power as expected, focus will resume on eliminating deflation and spurring growth, though delaying the sales tax hike will provide only temporary dividends in that regard. USD-JPY has taken a fresh stab at 117.78 7-year highs, though equities are heading lower again
The earlier article about the BOJ is an omen for Abe. If other powers in Japan send the same signal, Abe is done. Abe's Finance Minister Aso has already dissed Abe's plan to delay the next consumption tax. I would say the odds are Abe doesn't survive.
suteibu - maybe im old-school italian (my father always taught me "u can't afford it, u don't buy it. you do, i break ur fuggin legs". i don't get how they (or any) economy can operate at 230-240% debt-to-gdp and "not get" that the reason there's 0 confidence is because it is nothing more than a ticking time bomb that can (and will eventually) blow at any time (only variable nobody can nail-down is duration). its not a question of "if" but "when" so how does ANY "regulatory" body be-it the IMF, EU, the fed, etc. with ANY ounce of credibility/intelligence/moralcompass NOT say at some point, your debt is strangling any & every thing? maybe im just blabbering out-loud & i guess this is what its going to take for people to "get it". issue is, when does IT happen? conventional wisdom in my book would have been at 100% debt-to-gdp; at that point, you realize your broke. just seems as tho they are 2x past that. not sure when this ends but IMO its impossible for it to end anything BUT badly. we saw what happened when QE (3) was pulled away from our markets and bullard crapped himself giving the market possibly 1 last push. at some point, u gotta rip the damn band-aid off and take the pain. reagan and paul volcker engineered a recession that bill clinton took the credit for reaping the fruits of the seeds the men before him laid. at some point, we need real people in office who will tell the people its the only way. IDK we very well may be past that point.
Japan is somewhat of an anomaly given the high rate of personal savings ($15 trillion in 2009) accumulated during its economic boom. That equals 3x Japan's annual GDP. So, in the minds of the Japanese elite, until the debt exceeds 300%, they are okay. Their only concern is how to dislodge that money from the boomer savers. Steep inheritance taxes, higher consumption taxes, and various other tax and fee hikes have been the plan so far. People have responded by actually pulling money out of the banks and stuffing it in their mattresses (literally in some cases. Recall the large amount of cash discovered in the tsunami debris).
You will know Japan has failed when the government stops playing nice and starts seizing those savings...for the good of the nation, of course.
suteibu - u just made the case for the next abe/kuroda arrow to be a bow & arrow aimed directly at the teller of their banks to drain their people. u just made the case for them to go the way of the cyprus on steriods but i guess that was always the stop-out plan. im not joking/laughing because it seems to the track we are on here in the states.
There's almost no point in looking for (non-existent) jobs anyways...or of working and having tax deducted first...
Really? The gang of thieves started with the Federal Reserve, and that was followed up quickly by liberals promsing the moon for 'entitlements' that could not be paid for, followed by various Wars on Drugs, Poverty, Terrorism, Climate, etc.
Then, since revenues could not keep pace with spending, came the various income and consumption taxes, followed by fees on evrything from houses to property to permits.
Taking money out of bank accounts and retirement accounts is totally expected -- and any ZH reader should either be prepared for that possibility, or deserves what is coming.
clavar puelto riico
"In fact, between the Foreign Earned Income Exclusion, Foreign Housing Exclusion, SEP IRA contributions, and more, an American couple can sock away roughly $300,000 per year while paying almost zero income tax."
That is either sheer bullshit--or someone bragging about a series of maneuvers that will soon get him in hot water with some government of Big Thieves.
Nope. $97K per person in FEIE. Another $30k in FHE, and $50k for a SEP.
Google is your friend.
Edit: assuming you live in a no income tax country. They will still get you in country, but US can be $0.
I hate to seem cynical, but I'm cynical:
Those who think there is a place to hide from the global monstrosity reaching into your pockets, your families, your freedoms, and your souls, those folks are deluded by the temporary delay of their forced obedience, incarceration, or termination.
Meanwhile, please move to the back of the ship - it's still dry there. And, enjoy the music.
The worst part for me, is all the innocent people who take aprt because "its the winning team", and "if you can't beat em, join 'em". Not to mention, "everyone else is doing it".
Ha, just had a kid tell me yesterday his misbehavior was OK because "I wasn't the only one talking."
No single snowflake feels responsible for the avalanche...
They have gangs you know.
I know what you mean, 'cept they're really not innocent.
I disagree
There are a lot of places where you can buy a plot of land and live almost entirely off-the-grid. While their will be some interaction with the government of your chosen destination, they pale in comparison to the intrusiveness of the US gov.
If you have your own well, renewable power/solar panels, land for growing fruits/vegetables and raising animals... then you are off to a great start to keeping the long dick of the US government out of your ass...
Don't treat the symptom. Treat the disease.
Between Simon's hideout in the Chilean countryside and Doug Casey's villas in the poorest county in the middle of a desert in Argentina I'm all set!! Why ZH continues to post these bobbleheads lame articles is beyond me.
It's not a "hideout" if you post a blog about it that thousands read. That's what I don't get about this "prepper" ideology.
They showboat all of their "preps" which is basically telling TPTB "hey I am over here, and this is what I am doing" Makes it so easy for them to catch you, and confiscate your "preps".
It's foolish IMHO.
The powerful criminals are too big to prosecute. Eric Holder said so.
They can do larger criminal activities without fear of jail. Just pay the fines and penalties as part of the cost of doing business.
Let's just give Ron Paul a six-shooter and universal-immunity and give him a posse and let him go to town on DC?
Subscribe to my newsletter, send me the cash and I'll fill you in on the next hottest investment opportunity in the severely undervalued Donetsk region in Ukraine! No water and marginal shelling going on but you WILL be safe from .gov there!
I regret that I have but one upvote to give for my country.
The only sure way is to own gold and get out of the system.
A few points to consider regarding future developments.
First, second citizenship. Only a matter of time before Dominica St.Kitts and other jurisdictions are force to hand over the names of those who joined second citizenship programs. Also white guy with a Caribbean passport, will get the compliance department of most banks have second thoughts.
Second, this does not apply to US citizens(already screwed) but mainly the EU(about to get screwed). The EU will be moving to a US style tax residence model for EU citizens.
Third, in the EU there is increasing talk on a one off capital asset tax, especially in the EU south. Their only problem so far is how to convince people that it will truly be a one off tax(Yeah right) and no stifle all economic activity or lead to downright rebellion.
In conclusion if the government can see it it is not yours. So plan accordingly and trust nothing they or any other government says on the matter. Become as independent as possible.
Let's not forget other important stuff like
-demonstrating to people that huge Compliance phallus constantly ramming their asses,
-using humor to shame them into discontinuing willing obedience,
-exemplifying lessons on outward obedience while undermining that system at every creatively available opportunity,...
Force feed the Red Pill.
Just think about this for a couple of minutes. What if the Simon wasn't who he says he is? Ponder that... what if...
The U.S. Congress and the Federal Reserve created the monster...
The Fed won't live to tell the story...
http://www.globaldeflationnews.com/the-creature-from-jekyll-island-the-e...
of the bubble it helped create...
http://www.globaldeflationnews.com/anatomy-of-a-bubble-how-the-federal-r...
Bank accounts? We don't need no stinkin bank accounts...
The government wants to confiscate all property under Agenda 21.
You have no rights to anything except a screenshot of your pension account.
Look at it and keep working.
The government will seize anything of value not held by a financial institution.
You know that coming soon, I hope.
You better have an ATM receipt for that $100 in your pocket.
Redistribution of wealth is just coveting and stealing on a societal scale! I know that inspiration source, and it isn't a divine one!
This is why you should consider moving to South America:
http://yourescapetoecuador.com/retirement/why-should-you-retire-in-ecuador/
privately owned central banks, issuing the public fiat currency as a loan at interest, rapaid via productive labor, are the biggest thiefs, by orders of magnitude, on earth.
The question becomes 'who' owns the world's large private central banks, i.e. issuers of currency?
NEW sign of the times.
"Will work for or accepted payment options"
"Beans, bullets, gold, silver, lead, diamonds or rubies"
"NO CASH, CHECKS, OR CREDIT"