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Guest Post: Coming To Terms With A Borderless World Economy
Submitted by The Needle Blog
Coming To Terms With A Borderless World Economy
Everything was all so much easier when our conception of the world resembled the familiar image, above. The patchwork of brightly coloured areas indicated the spheres of political influence that are nation states. Borders could be patrolled and national laws enforced, it was a comforting delusion which primitive communications made feel real.
We all knew it looked more like this, but there was a physical reality and a political reality and there appeared to be no contradiction between the two. There was a clear demarcation between different legal jurisdictions, this was the political reality. But improved communications have blurred those state borders over time, and now, at least as far as financial regulation and intellectual property law are concerned, they have been all but erased.
This article is about the erosion of those state borders and its consequences and at the end of it the reader will be faced with a stark choice. I’m not going to come down on one side or the other, I’ll satisfy myself with just fairly presenting that choice but it is not one for which a compromise can easily found, there is no middle way, you will not be able to have your cake and eat it.
Wealth has become stateless, and as a consequence it is becoming increasingly less accountable to any state’s laws or tax codes. Over the last quarter century it has become increasing easier to transfer large sums of money, what is more, large financial institutions find it far easier today to relocate to a different legal and tax jurisdiction than at any previous time, because it is easier to re-establish the necessary business infrastructure, the cost of relocation has lessened.
Recognising this trend over the last quarter century, and being desirous of any slice of revenue they can get their hands on, governments around the world have competed with each other, to provide the ‘best business environment’ for those financial institutions. Let’s not delude ourselves about this, the ‘best business environment’ is the least regulation and the most advantageous tax breaks. And by competing with each other in this way, governments around the world created the regulatory environment which was, in part, responsible for the current financial crisis.
And then there are the ‘Tax Havens’. Tax Havens only exist because the regulatory conditions in other states allow them to. The diagram below is from ActionAid, of the FTSE 100 companies in the UK, all but two have subsidiaries in Tax Havens [ The term in this case is used loosely and is explained below]
“For its survey, ActionAid took a list used by the US Congress and added two further jurisdictions – the US state of Delaware and the Netherlands. Some consider countries to be tax havens if – like the Republic of Ireland and the Netherlands – the way they tax cross-border income allows companies to shift profits to genuine tax havens, Bermuda or the Cayman Islands, for example, where they avoid tax altogether.
Delaware doesn’t make company accounts public, and allows owners of companies to hide their identities.” BBC
Now, let’s not be coy about this, there is only one reason why these companies have subsidiaries in those countries and that is the avoidance of tax.
And lets also be clear that if nothing is done then this trend towards stateless money will continue. The situation will continue to deteriorate and big money will increasingly dictate to state its laws. Some might argue that this is already happening and that the reason government is so dislocated from the electorate is because they are more interested in serving those big monied interests than they are the people who put them there.
But states are not entirely powerless, they have the right to deny any company access to their domestic market but with so many other states willing to welcome those businesses with open arms, there is little danger of that happening. Game theory should dictate that states should come to some accomodation on financial regulation and tax. A well known example is that of the ban on cigarette advertising, instead of cigarette manufacturers spending millions on advertising campaigns simply to retain their market share, the cessation of competition meant that market share was retained and a great deal of money saved by all.
But for any accomodation between states to have any power it must have a framework of agreed financial regulation and an international financial regulator with the teeth to punish, not only businesses which break the tighter regulation but also states which fail to stick to the agreed line.
Such an arrangement could only work if the USA and the EU were the primary signortaries and any other country which failed to sign up to this new financial regulation would be excluded from trading with the group of countries which had accepted it. Tax Havens would then face a choice of either conforming or being isolated. Intellectual property rights could also be part of this trading agreement, as too could flat business tax rates.
All this looks very ominous but that is the stark choice I said at the beginning I was going to present you with and I believe it is one that governments around the world will eventually be confronted with, though not before further financial turmoil forces their hand, and certainly not before the US Presidential elections in November.
Either you do nothing and a small group of people will run the borderless world by virtue of their wealth or you empower a different small group of people to police them.
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Delaware also gave us Biden.
I am rooting for the Canary Island collapse.
http://www.youtube.com/watch?v=y-yynx_CXBM
This is a fantastic article. I have long been advocating the need to clamp down on 'tax havens' that do not require people to pay their FAIR SHARE to the government. The government DESERVES peoples' money because they provide roads, bridges and schools. Government officials do not have to provide us with these necessities, but they choose to do so anyway out of the kindness of their own hearts. It is absolutely unacceptable to not contribute to society, when well-meaning state leaders are doing their best to help people, but are simply starved for funds. It makes my blood boil when I see people selfishly spending 100% of their income, without even once considering that the government might want to spend it on something more worthwhile and virtuous.
You're my hero.
/claps
Makes you wish for the good old days when people like Al Capone were in charge.
Just got back from a foreign country a few days ago, the people were living and working in chicken coop conditions, making products for american consumption. Sad
Yeap and is there an APP that can be shared with the sheeples in the USSA ?
'But for any accomodation between states to have any power it must have a framework of agreed financial regulation and an international financial regulator with the teeth to punish, not only businesses which break the tighter regulation but also states which fail to stick to the agreed line.'
And if that isn't an advocate of central planning then I don't know what is.
Tax havens exist because other countries tax too highly. Bottom line. if tax policy was fair or even reasonable, who would want their assets in another country?
This is one blog I won't be wasting my time visiting...
Straight NWO propaganda ... brought to us daily now by the "Guest Posters"!
Is Tyler being held in a 'Clockwork Orange' re-education harness? Or.......
'Merika!
Fuck yeah!
So here's a whole article about calmping down on liberty! Why does ZH publish this? I have better things to do than sign a petition to make borderless concentration camps.
While I agree with the sentiment, what do you see as the more natural/proper state?
"People living in chicken coop conditions, making products for Their Own consumption. Sad."??
"Just got back from a foreign country a few days ago, the people were living and working in chicken coop conditions, making products for american consumption. Sad"
Perhaps you should consider what would heappen to those people if we kept the "jobs back home." The working conditions are a result of the high standard of living we have vs. the rest of the world. If you've traveled to India or other truly poor countries (make that countries with poor people) around the world, you'd know we don't have poor people in the U.S. In a world witha truly Free Enterprise System (I am so F'ing tired of hearing the term Capitalism being defended, when the term was Marx's creation!), there would be more equality of wages. And yes, we would still have the rich who would be paid according to their value and capability, not according to their needs! Paying my FAIR SHARE to power-hungry politicians (the real source of societal evil) will NEVER be the answer, because, they refuse to accept limits and it is only with the limits our founding fathers put in the Constitution (NOT the law of the land today, unfortunately) that we would be paying anything resembling FAIR.
Ending debt based, exponential debt growth, societal asset stripping Ponzi money is the best first step:
http://www.keepandshare.com/doc/3325954/debt-dollar-tyranny-2-54k?tr=77
The next step is to throw the lying, criminal bubble bust debt based money Ponzi operators into jail for the rest of their lives:
http://www.keepandshare.com/doc/3324744/wmdebt-graph-3-79k?tr=77
Generalities are worthless, people, we need specifics.
They are.
What's the difference between a government and a band of thieves anyway?
Thieves don,t give receipts.
At least the mob has competition. Gubmin? Not so much.
Tongue must be so deeply implanted in cheek to cause brain farts
MDB...you're a made up troll. Fuck off. No one of sound mind can come up with the total crap you post - without being insane.
This post confirms it. Either you're a total douchebag-asshole, or someone at ZH makes this shit up and posts it.
Either way, the post was one fucked up diatribe of shit.
BeetleB-MDB produces the finest in sarcasm! get w/ the program. alas-RobotTrader is serious
Amen. LMFAO..."the kindness of their own hearts."
Max Fischer is the finest vintage of douche-bag, worse than MDB
Why can Americans never understand sarcasm unless suffixed with "(Not)"?
Some of us have Asperger's or HFA.
- NOT
At first, I thought MDB was joking.
BB, thumbs up.
You're good. but no match for religion.
Hey Fuckhead MillionDollarBonus.
I find it hghly unlikely that 14 ZH readers gave you a thumbs up for your comment "the goverment DESERVES peoples money"
I am guessing without it you would not get your paycheck.
I believe you are a PAID goverment troll and when you log on to ZH YOU BRING YOUR TROLL CREW.
YOU SIR ARE A FUCKING PIECE OF SHIT.....
Fuck Off.
Oh, COME ON!
That's pure comic gold.
Get off your high horse.
...and for Christ's sake, put a shirt on.
And you Sir are smart as a twobyfour.
... yep - who else is going to fund a project to find out why pig $hit stinks?
It's time you finally figured out that when a few people get wealthy enough, there is no dividing line between them and government. So by endorsing their accumulation of wealthy, you are simply endorsing a different set of people to rule you.
All we need is legislation and culture to permit human migration to exceed job outsourcing rates.
Immigration restrictions and the nation-state central-controller are a key problem to all wars and frauds.
I heard that it's about to erupt and collapse. If that happens a tsunami 300 to 700 feet high will inundate the east coast.
Lets be clear here - Ireland is not the Netherlands.
Ireland is a major tax haven but it has no gravitas.
What I mean by this - it does what it is told.
Our country has been destroyed by a Neo - liberal experiment which really took off in 1987 with the help of a local cabal of evil men
There is really nothing remaining - the place is a void.
What can I say - my country is a wreck with no honour remaining.
There is a great evil in this world.......................
It will rebuild before the US does. When Ireland eventually exits the EU, they will be forced to reform their society.
@Bobbyrib
You don't get it - its a non place - it does not exist.
Its a geographical juristiction where capital and labour move around and through.
It started when we gave up our fishing rights in the 70s and moved up the food chain.
Ireland is now a large North Atlantic Island with virtually no fishing industry...........
Even in the early 80s I can rememeber busy fishing ports...... now its a dead zone.... like the rest of the country.
I really can't describe how bad it is over here - everything is dead inside.
You seem to feel the same way about Ireland that I feel about the US. Our country is a gutted shell of its former self as well. The US will never return to what it was. Too much wealth was sent overseas. I still think Ireland has more a chance than the US. Our entitlements, lack of jobs, and massive debt will sink the country for good.
They hollow out countries like gutting a rabbit in five seconds... http://www.youtube.com/watch?v=mQZ8vPvLfTo
"some people should die, that's just unconscious knowledge."
If only there was a Bilderberg conference at Fukushima, I'd take up religion....
I understand what you mean Dork. Your nation bought into the great neo-liberal economic scam. Ireland's great claim to fame and why it is held up by corporate interests as a model for the world is for one simple reason. Ireland adopted a low corporate tax rate, well below the standard in the rest of Europe. This made Ireland a corporate entrance point to the Euro market.
Well you are right, Ireland's real economy, like fishing, was trashed and replaced with corporate headquarters and some high tech. But we all know the real kicker was the giant easy money Irish housing bubble.
I can only imagine what is left after the collapse and the enslavement of Irish people to their insolvent banks.
One question Dork, where is the outrage, where is the fury over the theft of Ireland from it's people. The bankers should be swinging from lamp posts, politicians should be beated and flogged in public. Why so passive in the face of this grand theft by neo-liberal bloodsucking bankers.
@JACK
The credit hyperinflation changed society itself - much like a opium addiction - also there was a deep cultural propoganda at the same time - Think of Bono and the lads.........
www.youtube.com/watch?v=OLkKnTvAaVU
Now there was deep flaws withen this society before that time but this darkness is of a much greater scale.
The entire country has become a conduit for capital.
You read the book of cairns. you were not supposed to do that, you know, the Old Ones will get quite angry....
I can sympathize with you.
My country, the US, has been destroyed by a neo - Randian experiment, starting in the Reagan years by Alan Greenspan and culminating a few years after Greenspan retired with the total implosion of our financial system. Later, when asked if he (Greenspan) had any regrets or second thoughts about his ideologies, he admitted that his entire model of human and economic behavior was "flawed."
This neo - Randian ideology saught to deliberately and methodically deconstruct many financial regulations that had been in place since the Great Depression in an effort to "free" the market from the supposed constraints of regulation. It was erroneously believed that capitalism, in its purest form, would allow the rich to get richer and wealth would "trickle down" to everyone else. In fact, Reagan even called his policy "trickle down economics."
As time went on, it was quickly realized that the biggest money was on Wall Street. In the past, being a banker was very boring, mundane and produced very average salaries. Now, with many regulations stripped away, extracting a vig from the labor of others became insanely lucrative; many of the best and brightest minds suddenly flooded Wall Street rather than real science, engineering and manufacturing. Everyone wanted to be on the front of Time Magazine, under the heading "Master of the Universe." Innovation took root in finance, and the financialization of our economy took off. A single debt was sliced and diced, packaged and repackaged into a pyramiding tower of layered securities, and at every manufactured layer of debt, phony equity was miraculously created, booked and paid commissions.
But for the system to be fluid, an endless supply of debt was needed. The securitization conveyor belt needed ever more debt to keep the charade of equity moving. Our President even told us to "go shopping" when the nation's most biggest terrorist tragedy occurred. Our Fed Chairman, Greenspan, lowered interest rates to historic lows and told home buyers that these new exotic mortgages were a good thing. Anything and everything was done to keep America shopping, so that the securitization conveyor belt straight into the jaws of Wall Street could be fed. America shopped until she literally dropped.
Well, we all know what happened next. Our country was destroyed, too.
Making the rich, richer is the sole function of government and it's regulatory cluster fucks. Who do you think regulates in the first place? Regulation is a means of eliminating competition.
Laws only keep the honest people honest. Walls only keep the honest people out.
If that was true, and regulation benefited the wealthy, then why have rich people worked so hard to gut regulation?
Don't forget Biggie's people taking out Tupac. That shit was uncalled for, and a lot of beefs still going down over it, so don't leave that outta why shit been flying since Bernie Kosar threw a clean spiral.
funny how you start with Reagan and not the clown president Carter.
Max Fischer
There may be hope for you yet. Perhaps reading Zerohedge is bringing you around.
One correction though, Reagan and what started in earnest in his administration wasn't modeled after the thinking of Ayn Rand. That 'free market, supply side' stuff from those years was just a cover for crony capitalism. Reagan was the first of the telepresence presidents and was affected by Alzheimer's perhaps even in his first 4 years, certainly in the 2nd term. He was easily swayed by his advisers.
Looking back, the 80's was when the decent of America really took a turn for the worst. That period marked the ascendency of the military industrial complex to whole other level and it marked the beginning of the outsourcing of American industry and the rise of the FIRE sector. It was during that period that debt began to climb precipitously. The apparent high of the 90's was just the sugar rush of debt & leverage.
And now the atonement comes for the past 30 years.
Paybacks a bitch.
Max, I gave you a green and it also registered a red at the same time . Just let ya know. Milestone
Israland!
The borderless world economy will break down. Once the party ends, every country, but the US will support their citizens (EU, BRICs, Canada, Australia).
saudia arabia, iran, dubai, new zealand, argentina, boliva, russia, many many countries will adopt protection policies in the near term - the chinese have been the most active
Oh, come on...! A borderless world would be a wonderful thing. Smaller, less intrusive and manipulative government. Less regulation, fewer silly laws, less surveillance, fewer rules, low taxes for all...the only ones who hate the idea of a borderless world are overpaid G-7 labor and entitlement junkies who scream loudly for government protection...
It's the highwayman's life for me then! You've convinced me!
A silly argument - misses the entire point. Why is this any different from businesses and individuals moving from high tax venues such as Boston, New York, San Francisco and Los Angeles to "tax havens" in Arizona, Nevada, Texas and Florida?
The root of the problem is government living beyond its means.
The root problem is evil people fucking over good people
fixed it
What, the Netherlands doesn't like banks?
I actually thought The Bernank had a lot of patience with those assholes questioning him today. It's hard to believe these members of the senate banking committee are that out of touch with the real world. Schumer tops the list today telling Bernanke to "Get to Work"! No Idiot....You get to work!! These jerks made all kinds of promises to get elected and re-elected and now are incapable of doing anything to fix the mess. Pisses me off!!! It's all Bullshit!!!
This is a fantasy both unrealistic and disturbing.
One World Government Policy means One World Censorship to benefit the globalist criminal mafia.
Funny the mention of the 'intellectual property' amid this, as that is really as big of a mess, and as much of an ethically controversial mess, as anything ... IP can be another tool of globalist mafia tyranny
We need more Pirate Party and safe havens from gangsters, not
« One Ring to rule them all, One Ring to find them,
One Ring to bring them all and in the darkness bind them »
do a goole search for "jew"
scroll down and click on the pink message, you get a full page admonishment from google about how terrible it is to say "jew"
now, do a search for any other bad word you like, and you will notice that there is no little pink message and linked admonishment
is there any doubt that israel owns the united states?
joogle
is there any doubt that you are a clueless puppet
there, fixed it.
I dunno... The dude might be right... (I verified his premise)...
Then I typed in "honkey", "cracker", & "whitey" & got nothing along those lines... just saying...
Cortez
were you too lazy too even check the evidence for the hypothesis? ("Making a counter argument - 101")
you've made yourself look an idiot even if your opposition to his implied stance had any other value
thereby weakening your overall position
F - is a FAIL
But, but, but.....cue the JIDF in 3,2,1....
or The Judean People's Popular Front.
AHHHHHH FUCK!!
Now I'm on the list AGAIN! Thanks BRO!! Is that a windowless van following me... damn it all to hell!
Wow! I wouldn't have believed it unless I seen it myself..
Google hates niggers, honkeys, trailer trash, Mexicans, spics..
The western world might be boarderlass but not the far east, China in particular. If you think China is going to open its boarders and welcome every body, as we do think again. Not everyone is as stupid as we are. We better learn chines ....
Let's give three cheers for this trend!
Because you can't have one tax law for the rich and one for the rest of us...because government will eventually decide that YOU are "rich" too...
...because government will eventually decide that YOU are "rich" too...
If you are above the poverty line, the government considers you as, "rich" and needing of being taxed.
Wealth has become stateless, and as a consequence it is becoming increasingly less accountable to any state’s laws or tax codes. Over the last quarter century it has become increasing easier to transfer large sums of money, what is more, large financial institutions find it far easier today to relocate to a different legal and tax jurisdiction than at any previous time, because it is easier to re-establish the necessary business infrastructure, the cost of relocation has lessened.
The problem with that is that governments like the US enjoy in the same power as well.
Move assets to a tax haven? The US Government can always repatriate.
Move yourself as well? The US Government can always take over the country or enter into an agreement to have their country enforce the US tax rate.
Of all the tax havens, all of them (if not nearly all of them) are pushovers for the US military. Some of them are near extraordinary rendition routes as well. Going to the middle of nowhere would be a benefit for the government, not yourself.
Wealth cannot become stateless as wealth fundamentally consists of physical real world things which exist somewhere
“This is a characteristic of financial markets, they lend right up to the brink,” he said.
It's always nice to have a greased exit.
Impeach the author.
The first thing to do in coming to terms with a borderless world economy is to start drawing some boundaries.
Why? Israel still does not have borders which is one of the standards of deciding what constitutes a nation-state. They are holding out til they get the Old Testament area as outlined. Technically, Israel does not exist now. Milestones
if history teaches us anything(which it usually doesn't) it's that this kind of Pax Romana/Treaty of Vienna pendulum has a way of swinging violently and quickly the other way-even if it takes awhile to build to a tipping point
There is one and only one entity that controls the printing of the entire worlds currencies and buys the entire worlds politicians...
the US Military
all the other "news" that you hear that points to any other possibibility is nothing but diversion tactics
or are you going to tell me that China or Russia don't have to do what they're told?
yeah, right...
Tax = theft
Tax haven = Theft haven
Avoidance of tax = avoidance of theft
>a small group of people will run the borderless world by virtue of their wealth
This sounds great: "In Democracy: The God That Failed, Hoppe compares monarchies with democratic states. Hoppe claims that the structural perverse incentives inherent in democracy make it more prone to destroy wealth than comparable monarchical regimes. A monarch, being a long term ruler and able to further bequeath his position, has interest in the long term well being of the economy, would often be hesitant to excessively accumulate debt, or otherwise engage in large-scale short-term capital consumption compared to a similar democratically elected ruler, who is more akin to a renter, or temporary custodian of the state due to the shorter time he has to use his power for his benefit. " - http://en.wikipedia.org/wiki/Hans-Hermann_Hoppe
Tax is not theft. Tax is sharing and living in society.
No tax = no civilization
The problem Balz, with such a star-struck view of the world (tax is sharing) is that the thieves have co-opted this fine sentiment for their own purposes. Your money is being showered on the destoyed societies of places like Afganistan and Iraq and rewarded to special interest groups that return their thanks with votes. The result? Society, and civility, is crumbling.
Hey balz....
I see you chose balz over brains.
Fuck Off......troll
You and MDB should go suck each other off.
Sharing is me offering you some food or to play with my pecker. Sharing is not you paying some moron to come to door with a gun arresting me at the point of a gun for not paying for your welfare.
I really wish you people would look up the definition of the words you use. Taxation is the direct opposite of what it means to be Civilized.
taxation = compulsion
sharing = voluntary
civilization = voluntary exchange
This sounds great: "In Democracy: The God That Failed, Hoppe compares monarchies with democratic states. Hoppe claims that the structural perverse incentives inherent in democracy make it more prone to destroy wealth than comparable monarchical regimes. A monarch, being a long term ruler and able to further bequeath his position, has interest in the long term well being of the economy, would often be hesitant to excessively accumulate debt, or otherwise engage in large-scale short-term capital consumption compared to a similar democratically elected ruler, who is more akin to a renter, or temporary custodian of the state due to the shorter time he has to use his power for his benefit. " - http://en.wikipedia.org/wiki/Hans-Hermann_Hoppe
______________________________________________
US citizens have this good: they are so pampered by their State, they wont let reality hit them in the face.
When this US citizen Hoppe is doing is usual US citizen business: crafting a false dichotomy.
US citizenism includes institutional power. Therefore US citizen power elite has the same incentive to further the power of the institution, since it is what will grant them power.
And as US citizen institutions are long term...
But here, once again, the same US citizen impulse: the earth resources are less and less not enough to support US citizens in their entitlements, and therefore, some US citizens will have to be pushed under the train, to save the rest of US citizens...
Fatties, voters, etc... groups that are to be pushed under the train are to be determined.
Isn't this what Obama wants? A boarderless world. We already are on our way to a boarderless country if Obama remains in power.
Shippers have been flying "Flags Of Convenience" for years. They register their leaky single-hull tankers in Panama or Liberia, hire a crew of "sailors" from Botswana, and avoid all the taxes & regulations & labor costs. Nothing new about the idea.
And what's wrong with that? Don't you want governments out of YOUR business too?
I lived in Liberia for about a year not long back. While most of our time was spent in the bush, we would frequently get into Monrovia.
The building housing the ship registry offices in Monrovia at 80 Broad Street is a fricken dump.
Their offices in Virginia are much nicer.
Why Virginia?
The Liberian Registry is administered by U.S. owned and operated Liberian International Ship & Corporate Registry (LISCR, LLC).
>the least regulation and the most advantageous tax breaks... governments around the world created the regulatory environment which was, in part, responsible for the current financial crisis.
Are you kidding? So Congress backstopping Fraudie Mac and Phonie Mae and FDIC and creating TARP and creating $15 trillion in bonds is "the least regulation"?
The least regulation is the best regulation: let the nonsense be subjected to market forces and let the engines of wealth destruction wither away. Crisis solved.
Least regulation is what created the havoc.
That's only when the Glass-Steagall Act was repealed that the real problems started.
We need stronger laws to keep those bankers honest and we need them now.
Rubbish - no law is needed outside of contracts themselves. The problem is not with regulation being required - it is to do with the free market being contrtolled by political means. The creation of fiat money through fractional reserve and monitization of debt.
If money was purely a commodity and not centrally controlled, and those who failed simply disappeared, and those who defrauded (broke contracts, or contrived decietful contracts) went to jail - then there would be no problems.
If the govt totally got out of the way, the problems would vaniosh -it is legal tender laws, fractional reserve banking (that is fraud made legal) and introduction of moral hazard by bail outs that causes the problems. Aditionally there is a problem with law where corporations are considered legal entities - how can you punish a folder of papers, which is in reality what a corporation is?
Only people can fear punishment, and it is only people who should ever face justice - corporations are just pieces of paper - and fining them does nothing to deter criminal activity.
So you're saying the recession of the 70's and the 80's didn't happen then? The crash in the late 80's? The recession of the early 90's? The Great Depression went away immediately with Glass-Steagall now? Where the fuck do you people learn this Bullshit from?
Your not ed balz from the UK by any chance?
If so the British would like you to jump in the thames with your mate gordo and a large concrete block please
Somebody with authority please inform the IRS that wealth is stateless.
They seemed to have missed the memo.
Tax haven islands and such generally are British-owned (outside of Swissies). That fact combined with the rampant and incessant fraud that streams like diahrrea from the City of London prove that our founding fathers were right about the Brits. I wonder how they became so endearing to us since then. And we bailed them out in two world wars to save their financial skin. Larouche (unbelievably) appears to be correct about them. It took me a long time to come to terms with this. Mercantilism leads to fuedalism along with massive wealth disparity, which is what you have today. It's pretty clear that a rising financial tide does not lift all boats....at least in the longer term.
The unwashed ALWAYS get left holding the bag. But alas.....the vote for it over and over again. And will no doubt continue to do so.
Maybe the origin of trusts will help you. Wiki?
The Needle Blog is leaving out the third alternative, and that is to reestablish borders in order to ensure a better guarantee of justice. The secret is to protect the society that can have human rights and freedoms and at the same time have financial protection. Nor is it that hard. America has a Constitution that provides for it. If America would just follow the Constitution and secure her borders, then we as Americans can engage this third alternative.
It is a myth that the world is becoming borderless because technology can send things around the world digitally and electronically. That’s just mechanics; it is not hard for a country to have borders and regulate business. It is not difficult to write the regulations that would secure the interests of a nation’s people within her borders. Transactions of currency, resources, shipments, etc., are mechanical, they are not political. Languages can be interpreted, contracts can be agreed upon and borders can be respected. To say that electronic transmissions crossing a border threaten a border and that border can no longer exist only means that some interest is trying to break down that border for its own personal advantage.
Sovereign nations and states do not have to accept Needle Blog’s choices. They have a third and rightful choice because of the ethnic and cultural differences among peoples and because those people’s interests vary, just as those of the Greek people differ from those of the Germans.
All that needs to be done to secure that third choice is to move the third-party money changers out of the picture. They are the ones who are saying we need to erase borders and cultures and meld all peoples together while they, the money changers, hold the money and the power. It’s theft. It’s not their countries and it’s not their resources, it’s not their labor. They need to bow out of the picture and leave the people of the world to run their own countries. It was George Washington who said there should be no foreign entanglements that have little to do with the interests of America and to avoid permanent alliances with all foreign nations. Those who say it’s just too tough now simply are mistaken. International trade can be nailed down because,frankly, it's merely mechanical.
As Sandmann on ZH said: “We must accept the financial system is finished and with it globalization. It has made some people VERY RICH but not enough to ensure its survival.”
I'm with the future "Tax Avoider in Chief" on this one. Any accountants want to work remotely for $7.95 an hour? Please PM me. Thanks
This is EXACTLY why Romney is perfectly entitled to set up offshore accounts in the Caymen Islands ect. He fully recognizes the craziness of US tax rates on the wealthy job creators in this country. There is nothing wrong with him wanting to preserve his capital for productive investment and not have it end up being taxed to hell and end up paying for food stamp programs for deadbeat loosers.
All those folks complaining about Romney's offshore accounts are just jealous socialists who think THEY are entitled to a cut of his hard earned money.
Think about it: if you had worked as hard as him to accumulate as much money as him, would you want to be handing 50 % of it to the IRS - or would you also set up LEGAL offshore accounts in jurisdications that actively encourage capitalism and entrepeneurship?
You forgot the 'Sarc' tag.
You cannot come to terms with a "A Borderless World Economy."
It exists because the 1% want it this way. It is the yellow brick road, not made of gold but paper and silicon. It functions as a conduit for paper wealth to find the best short term investment strategy for almost infinite amount of capital, administered by multi-national financial institutions, including hedge funds, banks, dark pools, etc.
This system is protected in its entirety by the US and Western militaries. In its present form and function, it is the unencumbered movement of capital. Without this movement and protection, the entire system collapses like a giant black star.
Excellent description, NWO. You understand globalism and its purpose.
What a bunch of statist rubbish.
Delaware? So when does it get turned over as a "territory"?
Fcg hypocrits, hypocretins. You know why not ...as its under
control...not so the intangible offshore. Fuckers. ( Rant done )
From the Yahoo CDE Board, in a thread about Bernanke's performance today:
Why do we care about this nonsense? Seriously.
The Script that includes the Fed is the Dogs' Script, not OUR Script.
No matter which side of the Script you're on, the simple fact that you accept it makes one a DOG - i.e. a Believer in Classical Dow Theory.
The Gold sector and commodities complex in general - as well as world currency trading - needs to move PAST the DOGs' Script boldly into a post-Classical Dow Theory world, in which Emperor Dollah is dead! dead! dead! and a fairer, more balanced, more just World Currency Regime has taken hold.
In this new World Currency Regime, which already is HERE, the Monetary Metals represent Growth and Progress, in addition to representing Preservation of Wealth.
In his presentation of a possible "Pessimistic Scenario" of the future, G. Edward Griffin in The Creature From Jekyl island (the Fed) wrote in 1994 of the issuance of a new world-wide monetary unit called the Bancor, the name proposed by John Maynard Keynes at the Bretton Woods Conference in 1944.
In this scenario Griffin gives a portrayal of the future if the then present trends continued; one of those was “New Money”:
“This new money will restore our commerce and put a stop to inflation. At last, said the Treasury Secretary, man will have total control over his economic destiny. Money will now become his servant instead of his master….
"In the same announcement, the Secretary advised that the IMF/World Bank was backing this new money with something far more precious than gold. Instead, it will be backed by the assets of the world… The Federal Reserve System will operate as a subdivision of the IMF which is now the central bank of the world….
“The UN treaty also obligated the government to put restrictions on the use of cash. Every citizen is to be issued an international ID card….to provide positive identification of all citizens at transportation depots and military checkpoints. They also can be used by the banks and stores to access checking accounts, which are now called debit accounts… Cash transactions larger than five Bancors will be illegal in three months.
“That is the only way by which the UN Monetary Transaction Tracking Agency (MTTA) can combat counterfeiting and organized crime and prevent money laundering by organized crime. That, of course, is camouflage. The government complex issuing the new money is the greatest perpetrator of counterfeiting and organized crime the world has ever seen. The real targets are political dissidents and those escaping taxes in the underground economy.
“No one will be allowed to earn or buy or sell without this ID card, nor will they be allowed to leave the country or even to migrate to another city. If any government agency has reason to red-flag an individual, his card will not clear, and he will be blocked from virtually all economic transaction and geographical movements. It is the ultimate control.”
That was published just 18 years ago; how far we have come to implementing this hypothetical banking crisis cum issuance of a one-world currency easily can be seen in the above article - A Borderless World Economy - as we merge into Henry Kissinger’s “New World Order” and a form of high-tech feudalism.
I'm Canadian - I don't want to be the "same" as everyone else I want to be Canadian. Americans want to be American - French want to be French etc.... the Euro is showing that the people of each nation want to be individual nations with there culture intact - not part of a stew that is spoiled. What a completely boring world we would/will live in if all of us are eventually the same.
Per the 1% you can be anything you want to be - as long as you use the currency controlled by the money changers. Hint - its not gold or the precious metals.
I'm American and want to know that any McDonalds in Tibet or on Mt. Everest or nature preserve will serve the food I'm used to.
Governments and states will give way to "Corporatism", which will behave similar to medieval times. Large corps. will act as kings, who develop their own cities, roads, and infrastructure to accomodate their needs. Employees (serfs) will live in the corporate-owned complex which includes housing, recreation, shopping, etc. These corp. zones will resemble modern military bases and also employ private police/armies (knights) to defend their property.
Corporations will negotiate between each other to promote and assist. Agressive tactics such as warfare will continue to be employed. Super Corporations will emerge ala Holy Roman Empire.
Non-corporate employees will live outside of the protected zones, in a wilderness of decayed towns, and survive through means of barter or contract deals with corps.
Any thoughts?
0.O
First the permise is flawed. Capitalism does not exist to make the rich richer. However, accepting that permise I have to ask on what basis is the trickle down theory erroneous?
http://youtu.be/vDhcqua3_W8 says the poor got richer at a faster rate then the rich got richer.
Is there some other set of numbers that show otherwise?
Gee, maybe we need a world government to handle this all. That way we can have government without representation. Agenda21, ICLEI, loss of private property, etc. In fact, we can make a great first step be giving up our sovereignty and became part of NAFTA. The US should sign more treaties with the UN like the Treaty of Rome. Then we can give up our Bill of Rights and Constitution more readily. Then we can all be on one world currency where usury can be without threat. And if we dissent we can have our allowance turned off. sarc/
I propose self reliance and local government. Our federal government has clearly failed us and they could care less. Plant well, Monsanto is watching.
The nation-state is doomed and I say good riddance. The sooner people accept this and begin to form voluntary means of living together the better off we will be. Unfortunately it will probably take a massive collapse of the fiat-money, nation-state system and some type of war before it is all cleared up. In the long run the human race has a choice between a private-law society and extinction from nuclear war brought on by nation-states desperate to survive their economic irrelevance.
If you are against centralized lawmaking, i.e., coercive legislation that the international socialists use to attempt to direct all economic activity, and are a proponent of Professor Hans Hoppe’s private law society, i.e., “a society where the same laws apply to every individual and every institution, not just separate groups of individuals—government officials on the one hand and private citizens on the other—to whom different laws apply,” why then are you apparently for a world government with centralized economic control? Would not this one-world centralized living end up like Orwell’s Animal Farm where “all animals are equal but some are more equal than others”?
It was President Woodrow Wilson’s close confidant, Edward Mandell House, who founded the CFR that stated in his 1912 book, Philip Dru, Administrator, that the goal he was seeking was “Socialism as designed by Karl Marx”? That, of course, is the stated goal of the Council on Foreign Relations - to lead the United States down the path of Marxist socialism and into world government, eliminating the existence of the “fifty or sixty independent states” along the way.
By saying “good riddance” to the nation-state,” then, you appear in agreement with CFR member Richard N. Gardner’s “end run around national sovereignty,” on The Hard Road to World Order, “eroding it piece by piece.”
If so, then you are in agreement with Cecil J. Rhodes’ goal, which was according to Georgetown University professor Carroll Quigley “nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.”
This, then, would put you in sympathy with Bilderberg founder Prince Bernhard who told his biographer, Alden Hatch, of the difficulty of leading “people who have been brought up on the idea of nationalism to the idea of relinquishing part of their sovereignty to a supranational body.”
Personally, I opt for a nation-state free of central banking such as the America designed by her Foudners. For it is the Murderous Fed through legalized counterfeiting that makes it possible for governments to finance militarism and continuous war and the extinction of humanity that you abhor.
Otherwise known to Mitt Romney as his "summer home".
Awesome that ZH notices this trend. More tax breaks for corporations, less for you and me.
But, I thought those who pay taxes, have a "voice"?
Oh wait, "taxes" really mean "bribes" in political language.
Delaware ... it's under your noses bitchez
It will all be nice - right up until some power hungry fella decides to nationalize your wealth. It's hard to get the plebes worked up about fighting for the personal wealth of some douche bag. What was the name of that Spanish Mining Company again?
Rich people need the nation state - and so do corporations. They just do not want to pay for it. Taxes are for the little people...
Ah, indeed, this is what happens when the power of your ganglord is decreasing: the extortion and farming scheme he favours grows less compelling.
Remember, US citizens have robbed their way up.
From the start, they have been massive robbers. And cant claim the peace that honest people can claim.
The only thing I like about a borderless world is that I can head over to the White House Rose Garden and take a whizz wherever I like.
Mr. Obummer, tear down down that fence bordering the White House.
Next up, squeezing out a gargantuan steamin' pile right in Moochella's window sill vegetable garden. Big enough for the family vacation. Instead of visiting Disney World's Space Mountain, the Obummer family can visit Mt. Big Steamy Pile of Shit.
An added plus to the borderless world, now your neighbor can't complain when your dog soils his front lawn. A borderless world is a friendly world.
Get used to it, folks. They have been saying it's a "little blue dot" for years. In the end, there are only two classes in the world, the rich and the poor. As far as I know, there are less than 2,000 families in the entire world benefiting enormously from the setup as we speak.
NL number 2 tax haven? That is why many companies like to put their headquarters there. From there they can move their money to the Cayman island.
It is also is why a liter of gasoline costs € 1.80 in NL. Hey, government money needs to come from somewhere.
As Craig Newmark killed the local newspaper, so might Satoshi Nakamoto someday be credited with killing the welfare state. In 2009 he invented Bitcoin, an anonymous Internet-based global currency.
There's only one way to raise enough money to fund a welfare state: income taxes plus "quantitative easing", and Bitcoin defeats both. As long as you don't lose your "wallet file" or let someone copy it, your Bitcoins cannot be frozen, stolen, taxed, or linked to your name. And unlike central banks, Bitcoin's monetary policy is transparent and unchangeable.
If you have to travel, especially across national borders, police and customs officers can easily seize your cash and gold. But they'll find no Bitcoin files on your laptop, because you encrypted your wallet and stashed it on various anonymous upload servers.
Naturally, you mustn't live like Donald Trump while reporting an income of $10,000/year. But if the IRS can only guess your income based on your lifestyle, it's not an income tax anymore, it's a consumption tax.
Game over, the welfare state is abolished, even if everyone votes to keep it.
Funny how US citizens would like to sell a false image of themselves.
How they would like to forget about themselves.
Wealth is borderless in US citizen economics? Since when?
US citizens are running an extortion of the weak, farming of the poor business scheme.
Anyone making business in such environment and growing richer is dependent on the extorter and the farmer, who is the one providing force enough to enforce the extortion and farming scheme.
The ganglord is the boss. Richer and richer people depend on him. They are to be within the ganglord boundaries reach, first, to benefit from the ganglord's protection and more than anything, not be a target to the ganglord grabbing efforts.
US citizens, if they have forgotten, are going to rediscover that point: they are heavily dependent on their ganglord.
Which will certainly seriously limit the way wealth can go round the Earth. US citizens are going to beg more and more for protection by and from their ganglord.
When you are posting your babbling nonsense here, does your head spin at 45 or 78 rpm?
ZH presents from time to time a true subject for debate with its excellent financial reporting.
Alas, for every good article there are now five which are total red herrings pandering to populist knee jerk.
And I don't like howling with the wolves. This one merits our respect as it informs us.
That is the first mission of a good internet blog site that prides itself for its independence of mind and relevant financial analysis.
Keep up the good work and cut out the deadwood.