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Guest Post: US Government Asset Seizures On The Rise
From Simon Black of Sovereign Man
US Government Asset Seizures On The Rise
The Wall Street Journal published a disturbing article earlier this week entitled “Federal Asset Seizures Rise, Netting Innocent With Guilty.”
You can already imagine the crux of the article.
In the United States, there are hundreds of regulations which authorize dozens federal agencies to confiscate private property– homes, cars, bank accounts, gold, company shares, and even personal effects.
Ironically, most Americans still think that they live in a country where you’re innocent until proven guilty. Nothing could be further from the truth, and it’s just another clear example of how the US Constitution has become a worthless piece of toilet paper for the federal government.
The Fifth Amendment states that “No person shall be… deprived of life, liberty, or property, without due process of law.” Tell that James Lieto, a New York businessman who was relieved of $392,000 when the armored car company used by his check-cashing firm was taken down by the FBI.
Lieto was innocent and not implicated in any wrongdoing, but the FBI took his money regardless as it just happened to be in the wrong place at the wrong time.
Last October, another businessman named Raul Stio was suspected of wrongdoing by the Treasury Department. The government seized over $150,000 from his account, yet in the 10-months that followed, Stio has still not been charged with a crime.
According to Justice Department statistics, the total value of confiscated property exceeded $2.5 billion in 2010, more than double from five years ago. The average take per case? $166,000… and the vast majority of cases were non-criminal.
It’s truly staggering to think about how much can be taken away from you in the blink of an eye, all without any judicial oversight or right to a hearing.
The reason could be anything. Maybe you violated some arcane, meaningless regulation among the hundreds of thousands of pages of US Code (ignorance of the law is NOT an excuse!). Maybe you were at the wrong place at the wrong time. Or maybe they had no real reason at all other than mere suspicion.
One minute you have money, the next you’re completely locked out of your wealth and livelihood. They force YOU to prove to them that you aren’t guilty, but they take away any means you had to defend yourself.
Look, this is the new reality in America. The entire country has become a nation of criminals– there isn’t a single man, woman, or child alive who is not in violation of some obscure regulation or cannot be ‘suspected’ of wrongdoing.
This is really just a form of cannibalism– a government feeding on its own citizens in order to keep the party going just a little bit longer. They’ll raise taxes, seize assets, take over pension funds, erode freedoms, start wars and send people to die– whatever it takes to maintain the status quo.
I’ve long advocated for an internationalization strategy: diversifying various assets and interests overseas so that no one single government has total control over your livelihood.
Store your gold in Switzerland. Open a bank account in Hong Kong. Register your company in the BVI. Establish a ‘backup’ residency in Chile. Expand your business in Brazil. Get a better job in Singapore. Obtain a second passport in Malta. Open a brokerage account in the Cayman Islands.
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Robbery, bitchez
Feudalism at its best, everyone is property of the homeland and everyone must pay up to the liege lord.
global fascist rule. profits for corporations/banks... losses borne by the public. all under the control of the banker elites.
Before Russo died, he made a film called America: Freedom to Fascism - Director's Authorized Version located here (http://video.google.com/videoplay?docid=-1656880303867390173) on Google.
Russo did a few other interviews. In one of them he said that there is no law that says you have to pay taxes. He also says that the IRS are a government armed gang who will throw you in jail, and take away whatever they feel like taking. So you now have a choice, fight them and go broke, or let them slowly rob you and maybe you won't go broke.
Apt analogy. Capitalism has always been of feudal design - with chance to become a lord. Once those chances end, so does capitalism.
Feudalism is corrupted by the thing that corrupts, and eventually destroys any system: Cronyism. Not to mention that feudalism is a form of government, not necessariliy an economic model.
Capitalism is what broke feudalism. That is why the feudal lords of the welfare state don't like it much.
Yes, capitalism spoiled the party for all the monarchs and aristocrats, and they have been busy for past 100 years at destroying it, seems they are nearly there
Shoot first, hide the bodies later.
If you don't shoot 'em first, you have to listen to all that whining and sniveling while you bury them.
gotta be solid hitz
Wow, we all know now you read at least half of chapter one of Das Kapital.
well, its a lot more democracy oriented than traditional feudalism. More like the former soviet union, where those in positions of authority are pretty much like the mob. They demand their retribution, and send you on your way. Or in Greece, where everyone is looking for an angle to skim a little extra off this or that. You know everyone's out to screw you, so you gotta screw them too, or you'll end up in a "been screwed more than done the screwing" deficit. End of game.
The U.S. is no better. We just disguise it better and lie to ourselves a lot more so we can look at ourselves in the mirror much easier and convince ourselves we're not really stealing from our neighbor because "the regulations made me do it"... And everyone voted for those, so what's a crime if I do it myself or with a few of my buddies is suddenly laundered and legal thanks to democracy.
Yea... In the U.S. nearly everyone has they're hand in the till. Tax lawyers, CPAs, financial planners who all make a living off of the completely inane and arbitrary complexity of the tax code and financial rules and regulations. Hell, the whole concept of a CFP is a joke. NPV of a future obligation ain't that hard to calculate... but it sure is when the law creates an arbitrary minefield of stupidity that you get to charge all of your clients to navigate day in and day out.
So many careers in the U.S. would simply go hungry if not for the government forcing them into existence either directly or indirectly. Government workers, contractors for govt, bankers who get to play with printed money / fractional reserve leverage to earn a living... INsurance agents who do estate planning... College planners... etc. etc. etc.
And people wonder why this country is collapsing under its own weight. What a waste of resources. Non productive, totally parasitic. Yes, you with the college degree or MBA or JD who looks down on the welfare recipient: So many of you are really just welfare with a degree.
You think that innovatio only applies to technology ? LOL the so called 'political/social sciences' are not sleeping they have been transmutating Marxism/Leninism/Stalinism all the way
they learned their lessons, don't expect them to come out and say 'look people we're gonna have lenninist communism now', no they are gonna make you have it without you even being able to perceive it properly, it will be kinda like Neo in Matrix
Morpheus: 'you know there is something wrong with the world'
'something is amis'
'but you can't quite pinpoint what is it?'
Neo: 'Yes'
I think you're describing Fabian Socialism. They frowned on the clumsy soviet communist revolution. They believe in the Noble Lie.
Keynes was a Fabian socialist... The first 1/3 of the Creature from Jekyll Island does a quick job of describing the much more sophisticated bunch of Fabians who co-opted the central banking model as a form of subtle redistributionism. The rest of the book l'm not such a big fan of, and Griffin himself has admitted mistakes on some of his wilder assertions made in the second half of the book. But the stuff on the Fabians, the origins of the Fed and its relationship to Euro Banking interests is reliable enough.
I think redistribution of wealth to themselves from everybody else was what they where after 100 years ago I think they are now deep into social and possibly genetical(through chemistry/environment) engineering and are trying to assume control not just over your money (they got that a long time ago) but are going directly after your 'soul' they want to control you and your children inside out, they want to make the
human race into mindless drones that will churn out 'products and services' for them, think China or North Korean on a Global scale
krugman has all the answers to this problem! guns, bombs and global conflagration, bitchez
/sarc
http://azizonomics.com/2011/08/24/the-problem-with-military-keynesianism/
True enough. The Fabians figured they could seize control of the apparatus, or at least make a deal to enable a handful of the elites to keep their wealth, while they would, in turn, grease the wheels of Fabian Socialism.
The education system of the U.S. specifically was designed by those looking for order-taking drones who would learn to cope with indifference, learn to obey bells and signals, and be groomed to accept / bide their time despite being miserable at what they do. I mean, cha-chaing! Total success.
Leopold B Scotch, I agree with everything you say. Its the absolute truth! I sit here with my recent MA in Econometrics (using statistics to falsfiy reality) now trying to devise a plan to "create" a job NOT "get" a job. I'm really good at macroeconomic and financial (monetary policy) forcasting so I'm going to do consulting and help people and small business steer clear of the bs. Anyone here talented at making websites like ozcap.com? Thanks
I feel for you, Zona. On a scale of massive proportions the PhDers (and others) have managed to confuse creating stuff (=real wealth) with creating activity.
GDP measures activity. Pay everyone $billions to piss in the wind and GDP will give you an A+++ for effort.
We just learned we all can't sell mortgages to each other. We are now learning the hard way that finance for the sake of finance is a real hootnanny.
I've been leaning toward Argentina, but the consensus on here seems to be Chile... What are the advantages of Chile over Arg.?
In Argentina they engineer their own collapses
In Chile an 8pt. earthquake leaves no scars after a month
ya the earthquakes scare me. Another currency crisis in Argentina doesn't scare me as much, would just keep everything in Ag/Au.
Looking at a small vineyard for under 6 figures.
http://www.viviun.com/AD-168354/
You people think that Au/Ag is a means to all ends, and who exactly will you trade with when all things go to hell ?
At least in Chile you have a better chance of civilization surviving, when in Argentina people will be eating each other alive
That is why I am staying (for now) in Germany cuz of all the countries in Europe Germany is the most likely to survive a global economic/social collapse
I could get 4x more for my money in Eastern Europe but I would be afraid of 'getting eaten alive there' when society breaks down
..
Let's say something like the recent riots in London, happens in your neighborhood, are you gonna trade with those marauding youths your silver ?
I think not, so the 1st thing is to pick a place where riots like that are unlikely, 2nd thing is to be prepared when they happen anyway
Au/Ag will not help you survive when SHTF trully, you better have weapons, food, shelter and skills to back yourself up
Don't worry about my firearms "skills" I was plinking squirrels with a .22 since I was able to walk. I shoot competitively in GSSF, IPSC and IDPA. That happens to be 1 of the reasons I prefer Argentina, more liberal gun laws. Marauding youths aren't a concern of mine. The problem in London was the shopkeepers had no way to defend themselves. You think those clowns would hang around smashing windows if they saw one of their buddies take a load of buckshot to the gut?
I would feel comfortable on a vineyard at the base of the Andes, sitting on my porch with a glass of cabernet and a .308.
Bad news my friend. Once the Germans realize they just lost WW II for the second time the shit will hit the fan there too.
But at least it well be well designed and well engineered shit
What makes you think everything has to go to hell for gold and silver to have value? Zimbabwe, Argentina, and Weimar Germany are all examples of where precious metals stored wealth while fiat went to hell. Out of chaos comes order. If the STHF, things will be bad for weeks, months or years. After that, you'll wish that you have gold and silver instead of fiat currency and government promises.
Bad propaganda never dies in this US world order.
"No person shall... be deprived of life, liberty or property without due process of law..." leading to conclude that the US constitution is nothing but a piece of paper.
What an intellect to conclude that after 200 years running. Or a selective definition of what a person is, in a US citizen manner.
Potentially the last one of course.
Well, David Rockefeller vacations every year in Chile, possibly because that's where he set up Josef Mengele and his clinic.
Wonder what that clinic was/is for? But Davy Rockefeller looks mighty young, even in a wheelchair?
"The entire country has become a nation of criminals– there isn’t a single man, woman, or child alive who is not in violation of some obscure regulation or cannot be ‘suspected’ of wrongdoing."
Can't but agree with the blog quote above --- the end result of predatory jurisprudence (see Thomas Linzey's work, one of America's greatest public service attorneys).
Truly, America has become nothing more than a fraud-based society, with the workers at their mercy.
Twas ever thus. Local police forces are the Mafia when it grows up.
Pay the local mafioso of have your shop burned down. Pay the local cops or have your shop confiscated while you are put in jail. With confiscation laws, you don't even have to bother with that pesky court system.
Either way, you get no choice, particularly if you have a family. The local mafioso probably leads a less ostentatious life than the local police chief or his minions. Certainly the police whack more people.
The lord of the manor, the local police chief, the POTUS. Is there a difference any more?
And who are the greater criminals?
Silver is getting flushed hard right now.
All the better to buy even more my little pretty.
My man in Hong Kong, Banzai7, has agreed to hold all my Gold and Silver for when I need it. Right Banzai7? Right?
Ummm......Bill? Are you there Bill?
Anyone seen Bill lately? :)
just saw him over at Lamma on a brand new yacht
good looking chicks an board, was wondering if he won at the races
Don't ask me.... I'm just the guy who takes care of your wife.
PS: She says hello and might stay for another few weeks. Maybe she'll send you a textmessage this weekend, but don't count on it.
Keep her. And good luck with that.
I will be a buyer, today or tomorrow. Been waiting for this.
I'm waiting til Friday's speech.
If expectations for more QE are not met, then the dollar rallies, and gold/silver could pull back much more.
If so, I'll be backing up the truck on Friday afternoon.
I bought today...apparently i'm missing the bottom by a little bit, but oh well. I don't have the stomach for timing these things.
don't matter, its a long ride.
Isn't it funny this happens right after the 'rebels' won in Libia (they got some physical to short with!)
this is a scary stretch to be short. the media and events seem manufactured towards a common goal: promote market stability, get cash out of safe havens and into risk, and hurt the shorts
even if that means the west funding rebels in lybia
This rebel wants to win in "labia".
Good deal! I can buy more.
When silver is riding high, ZSL is in the tank...so I buy ZSL. When silver takes a whipping, ZSL zooms, I sell and buy more physical silver with the gains.
Shhhhh! Don't tell everyone my secret.
There is but two ways to fight back. One involves violence and gives the fascist nazi's an excuse to unleash violence in return. The other involves starving the system and can enlist the services of Joe Sixpack just as easily as Patriot Paul. Some argue that defaulting on bank debt and removing cash from banks while converting fiat into real assets is immoral or unethical and causes others to pay that bill. What these people fail to realize or acknowledge is that the "system" itself is in self-destruct mode with absolutely no chance of recovery or longevity. Bottom line, anybody can fight back with a little courage coupled with conviction that they are doing something for the good of our nation and humanity.
Default TODAY on any and all unsecured, uncollaterized bank debt. Credit cards, default. Consumer loans, default.
Pull everything short of 1 month's cash out of the banks. Save what you feel you need to, convert the rest into something real... food, protection, precious metals, means of production.
This is a great start... for those who have bigger balls..
Stop paying your mortgage. Get an attorney if you want and live without mortgage payments, property insurance payments or property tax payments for 24 mos or longer. Fight the bank to prove they are the owner of the note. Many will win this, some will not, but the objective is not self enrichment, it is self preservation.
Organize locally with like-minded patriots.. start a community garden and trade network.. etc. etc.
We have no other options left, frankly. Starve the beast, or be fed to it.. it is literally that simple.
I don't have a problem with a lot of what you say.
But I don't agree with not paying your debts. Maybe if you're horribly under water because you got suckered in before you realized what you were doing... but before you stop paying your mortgage, you should step up and protest like a real man and start voting for libertarians, since they seem to be the only ones you can rely on to actually do what they say / will actually cut the head off the real problem.
Most mortgage dodgers voted for Obama because Bush screwed them with the bubble. Simple minds beget simple results.
I disagree.
Voting has gotten not a thing accomplished in-----well, maybe never---I don't know but I do know that it has never worked during my lifetime. L.B. Scotch, I know not who you are but I am tired of explaining to people why voting doesn't work; no onre who would be a pol gives a FUK about the voters. This is a corrupt and mean system held together by well-meaning people like yourself-----telling me that I have a voice and can bring about change----------
I can't even finish this----not yours, but I want to vomit. om
+1, Its even easier then that. Just cut your consumption in half.. In every thing you do..
First it will reset China, then it will reset the US..
Been arguing something similar for a year and a half. Split up into four groups. Everyone take a week and tries not to buy anything if possible. Add to it the bartering, local food production etc. Starve the beast!.
I would have to agree with you Shucks. All that is remaining is the upper middle class and beyond to throw in the towel in disgust over this system. Many still feel they are safe and unaffected by the policies of the elitists run governments. But, they are next on the list.
Some people think there is something to salvage...that perhaps a politician or two will be instrumental in saving the system...that perhaps by happenstance things will get better. The criminality of the system is blatant and obnoxious. The puppets are arrogant and strongly sense they are untouchable. And the elite are already preparing for a reset but doing their best to pimp the politicians for all they're worth.
Close accounts. All of them except for a local bank or CU so that you may unwillingly participate in the monopolistic monetary system as needed.
Refrain from shopping at the big name companies. Shop local or regional as long as the owners are based regionally.
Stop participating in the political system. Voting is useless. It doesn't matter who you elect, change will never occur under the current system of bribes, threats and cronyism.
Civil disobediance is a must, and it should be directed at mega-corporations, especially the primary dealers.
As far as debt, avoid it if you can. If you are in debt, there are choices. But if your goal is to stop feeding the monster, then be prepared with knowledge on how to manuever your way through the legal system. Its a barbaric system based on commercial trafficking and that includes you and your loved ones. You are a number just like livestock EXCEPT you can think and reason how best to survive and defeat the monsters that rule us.
When I read this board and others, people continue to act as if it is a joking matter. Many think they are secure in their PM. Many could care less for those around them. Many feel immune because of some (mis) belief they have adopted. Indoctrination takes on many forms. And many have been indoctrinated to the myth that gold and silver will be their life saving asset. What may have been acquired through much work and effort can vaporize in mere seconds. Nothing is for sure and timing with regards to predictions is a fools game.
Its true what they say. you are what you eat. You are what you think. And you are only as good as your heart.
Everyone has a different approach to surviving. That's a good thing. It assures a wide range of efforts that will end in success. The folks who prepare in any way will be able to mix and mingle with those who survive in other ways to create a diverse population of those who will rebuild. Nothing wrong with taking different tacks as long as it's not the current one.
AW Shucks,
Great advice----an example of doing-nothing to give our lords reason to worry. They just think that you are another victim---more collateral damage in current terms.
WE HAVE NO OPTIONS LEFT!!!!!
Yeah, I like it a lot, thanks om
Control Bitchez!!
You are now guilty until proven innocent...End the tyranny, vote Ron Paul 2012
I wish it would work, but it wont....this is far greater than 1 man in the now-puppet position of POTUS, which is now nothing but a figurehead who is told what to say. If Ron Paul is an actual threat to the banksters system, and gets anywhere near bocoming an actual nuisance, assasination time. Sorry to say it, but thats a fact.
Yep, RP will not take down the UCC and our corporate way of life. There are many who are fighting though.
My newest must- read is on the way:
" They own it all, (including you):By means of a toxic currency."
http://www.amazon.com/They-Own-All-Including-You/dp/1439233616/ref=wl_it_dp_o?ie=UTF8&coliid=I2ZMIJOZGXRCUV&colid=3C8XFC9CLP7IO
Seems there is much more truth to the 14th amendment trust than I was able to accept.
pods
another link to purchase said book :
http://www.alibris.com/booksearch?browse=1&isbn=9781439233610
hate to sound like a broken record, but Amazon is not your friend. if we want to pull ourselves away from the Grip, we have to stop taking the easy way out, step by baby step.
Thanks Tip E. Will order from there.
Amazon is less of an enemy than Google though.
(as typed into a Chrome browser)
pods
true dat. (note to selves : turn your gmail off while searching unless you want them to track the meme)
btw, have you noticed that lately searches are less relevant to a complex set of search words and more generally relevant to the sites they want you to see (which seem to pop up every frikkin time)?
if Anon. really wanted to make a difference, they would collectively design a open-source search engine to rival the Goog. i'd use it in a milliflop.
edit: courtesy of a guardian angel,
http://duckduckgo.com/
note their privacy policy.
guess it's not a privilege after all, but rather a choice.
There is nothing wrong with the UCC (Uniform Commercial Code). It's just a way to simplify contract law when it comes to commercial actors.
Of course not. But that does not mean I want to live my life under it. I would rather NOT give up my God given rights for the privileges afforded by being a part of the money trust that I was unknowlingly entered into when my birth certificate was signed. Or again when my license was signed, etc.
I prefer my rights than their privileges.
pods
I think SD1, who got junked for it, has a good point. The system was slowly changed so that no one person can change it. Add in the fact that we are so far past the point of fixing this bankrupt nation, that I can't believe he was junked.
dashing angry people's one great hope will not make one popular. telling the truth will not make one popular. He is right. Ron Paul is a hoax at worst. at best a temporary distration to keep angry people engaged in the system. just another level of control.
I am concerned ZH will/is becoming the same sort of nuisance and will suffer the consequence. Keep it up Zh. Stay hard bro.
The man is willing to take the chance of assassination, obviously. Sorry, but "it won't work" is sheer pathetic defeatism. You won't know whether it will work until you get off your knees and RESIST, will you? Gotta hold myself back from sheep-related jibes now!
I'd get on my knees fer yer avatar! Need a good tongue-lashing?
Though you have a valid point, Sheep Dog, it doesn't change the fact that you're partly wrong. First of all, I acknowledge that RP will not be able to change the system, and in all likelihood blame would be placed on him when the system goes down. Indeed, he would not be able to change the crony corporatism and the corupt Congress and Reps. This is how you are right.
But you are very wrong in your dissing of a RP vote. A vote for RP is more a vote for what's right, or a vote against the status quo and corrupt system. It is not an act of blind belief that all will be better if he's POTUS. He would, however, have more power over policy and be able to veto some the crap that came his way. In the end, I think he would be ignorantly blamed for collapse by the FU MSM and partisan sheep.
Vote for what's right, even if that means no vote at all. Fuck the nay sayers and noise makers.
word.
The man is willing to take the chance of assassination, obviously. Sorry, but "it won't work" is sheer pathetic defeatism. You won't know whether it will work until you get off your knees and RESIST, will you?
My new girlfriend doesn't think you have any cojones :)
Jackson took a bullet so to save the 1800s U.S. from a central bank and the bankster frauds. Some argue JFK did, too....
He took more than a bullet. That guy was a tough sonofabitch. The banksters must have been pulling their hair out. Did you ever read his speech against a private central bank? This guy knew the game inside and out, and laid it all out for all to see.
war teeth are grinding.. I can hear them.. it's the only way.
IRAN?
Venezuela.. We need something closer to home to shock the sheeple into acceptance/obedience.
If Ron Paul is an actual threat to the banksters system, and gets anywhere near bocoming an actual nuisance, assasination time. Sorry to say it, but thats a fact.
Curious as to when will it be Bankster assination time? How much more BS will the peeps tolerate?
Electing Ron Paul would be a symbolic gesture representative of spreading a cultural change and of educating an ignorant populace. Pretty much like what's going on at Zero Hedge.
Which is to say - yes, perhaps the effort will be futile, but does that make it unworthy of even trying?
Couldn't agree more, Sheepdog-One. One grows infinitely tired of explaining that the voting records of Obama, Clinton and Edwards differed little from true Republican voting records (as in McCain, etc.) -- so there has never been any real choice since they whacked the last authentic democrat in the Oval Office, President John F. Kennedy!
And it was Kennedy who stood up to US Steel and GE, while it is Obama who has appointed the CEO of ZERO-tax paying, massive jobs-offshoring, GE to be the "jobs czar."
What's wrong with this picture????
Treasury seizes everyones 401K's and pensions and trading accounts soon! Wow, we sure didnt see that one comin!
'Store your gold in Switzerland, open a Hong Kong bank account'...nah screw that Ive got PM's in a time capsule and the rest in firearms ammo and food, etc.
Lead. The other PM.
Serious question SheepDog, do you ever discuss this approach with family or friends? I'll probably get a whole tinfoil hat wardrobe this year, but I get the RCA dog look with people I try to tell to get prepared.
Sure I do, and my youtube channel is davids11131113, I talk about it all the time.
I discussed this with a long time friend at a familt BBQ last weekend. He looked at me like I was crazy and said "Gold is just bubble and nothing will ever get that bad. People wont let it."
sigh.
It's funny, but the plan now is for America to be balkanized by 2017-2020.
It seemed like the logical outcome, but they are in actuality planning for it to be.
Nothing will get that bad? It already has.
that's great. "People won't let it" I was trying to get a 45 year old business man who had made some money to buy Silver in 2001, when it was $4.35/0z; he listened for awhile, and then he said, that can't be true, if it was it would be on TV. I like your avatar, external tooth star washers are one of my favorite things.
Best approach is to not discuss, just get prepared. The freinds and family either get it, or they don't.
Amen to that brother.
In God we trust, but when he ain't around, 4" schedule 40 PVC pipe will do nicely.
DOJ renamed to DOI (Department of Injustice) Sounds like Obama is grabbing revenue anywhere he can.
And ya know, there are still plenty of people around who are ignorant to the fact that FBI Director Robert Mueller's great-uncle was Richard Bissell, one of the three CIA directors who Kennedy fired.
Now who do you suppose Timothy Geithner is related to? (HINT: on the Moore-Mellon side of his family.)
You personally might have some remaining "rights". But property does not, according to SCOTUS. Open invitation for confiscation.
Something I learned from history: land belongs to those that can defend it.
Ron Paul will save us!
People actually think the rigged election system designed by the overlords will deliver them salvation from this tyranny? Dream on, it will never happen.
I prefer my dreams to reality. Last night I was a knight.
I'm a big fan of RP, but if by some miracle he gets elected, he'll be the fall guy. If you believe TANSTAAFL, then the piper must be paid for our massive excesses. That means things are going to get worse before they get better. A very apt analogy is a drug addict. The right course of action is to go through detox, but detox is hell. The country has no appetite for hell. So, if you were the guy that pushed detox, you are going to get the blame. The top story on the nightly news will be the "RP Mistake", and they'll lay the groundwork for pulling a 180 into fascism. Bottom line: it's too late to save the system.
Ya know, if folks saw and believed that EVERYONE was taking haircuts and doing austerity, maybe, just maybe, we could consciously make the choice to endure some collective pain, for our country, for our future. Pulling together is a really positive emotional state to live in.I have done it with my husband to get out of debt. It was fun, we are happy with ourselves.
Because we KNOW some of these bastards are getting bonuses for losing money, and worse, most will think "How'm I gonna get mines?"
I can be austere all I want; with them stealing the difference, NOTHING I DO MATTERS.
So I will game it the best I can with the whits I've got, and help those around me. Fuck them.
Well said, Ms.
yes fucking "them" is the best way to loving "us"
Of course, they'd attack him, but even four years of Ron Paul at the helm would do wonders. Forget Congress, he could start rescinding unconstitutional Executive Orders one after another. He could also staff the Justice Department and regulators with people who may actually be able to catch some of the criminals.
At worst, Ron Paul would be a Truman- attacked and villified during his presidency, with history judging him quite differently.
Just maybe he is a patriot and will take the short term hit. History has a way of correcting things in hindsight.
U.S. = Fascism central #1. The citizenry will get what they deserve for their acquiescence... i'll save my tears for the innocent of the world.
+$1,000,000,000
Nobody wants to know. So they will get what they deserve.
How nice. Made me laugh.
But actually, US citizens are used to pushing people unrelated to their situation under the train in an attempt to avoid facing the consequences of their actions.
The innocent is going to fall first in this story, used to protect US citizens.
Here is a preview of what the citizens will be getting. Consider the False Flag implications of the following.........
http://apnews.myway.com/article/20110824/D9PA9TU80.html
http://www.reuters.com/article/2011/08/24/us-libya-nuclear-heinonen-idUS...
we are definitely doing tricks to export our inflation. It won't last. Our greatest tragedy is thinking we're smarter than everyone else, that we can keep the ponzi scheme going.
Only Terrorists don't want their assets seized.
and people that float or don't die after a headshot.
Young children float when you throw them into water - because their bones aren't fully developed.
Make sure you weigh them down with rocks.
Enjoy it while you can G men. The rodeo is near.
Right, because in all those places like Chile, Brazil, etc. 'property rights' are much more protected???
Simon, do you pull your recommendations out of your ass, or are you really a 23 year old with a Wordpress account? I could write pages about the severe *lack* of property rights in Chile. Or nightmares of doing business in Brazil. Or the absolute transparency to the US government of bank accounts in the Caymans.
The WSJ article is indeed a concern. But to suggest running for the hills (especially when said 'hills' are profoundly more risky by many measures) is alarmism combined with ignorance. Then again -- it probably gets you lots of pageviews. And for a 23 year old AdSense douche, that's probably really cool.
Popo... maybe it would be good idea to counter with "I could write pages about the severe *lack* of property rights in Chile. Or nightmares of doing business in Brazil. Or the absolute transparency to the US government of bank accounts in the Caymans."
Go ahead I am sure we all would love to learn about what you know!
Ooohh.. Good one Yin Yang. You've egged me on, and now I'm going to spend the next 17 hours typing into this box on a web page. I see we have another very young poster here.
I apologize for shitting all over your blog-idol -- Who by the way lives about 2 hours from me here in Thailand -- but he's an ignorant douche: Your standard noob expat who thinks he discovered Earth.
But apparently you're stepping up to defend him over what everyone in the world knows, except apparently you and Mr. Sovereign Man: That property rights in most emerging market countries are negligible. If you want a debate, the onus is on you to argue the extreme claim: That property rights in the US are less protected. In fact -- I challenge you to name a European nation with laws even close to America's regarding protection of personal property. (Including Switzerland).
And as for transparency in the Caymans. Try reading the Journal or the FT.
Btw -- the above "article" is an advertisement for his newsletter.
I think you may have missed the point. Simon is encouraging people diversify sovereign risk. The more diverse your assets, the 'safer' they are against any one country taking you for everything you've got. You'll understand his point much better when you see your 401k replaced by some 'government guarantee scheme'. Or if they pull another gold confiscation, you'll see it then too. The point is, don't keep all your eggs in one (national) basket. This is the essence of why 'safe havens' exist.
His point is to sell subscriptions to his services and seminars.
I can't argue with you that he intends to sell subscriptions. But then again, show me someone who posts these kind of newsletters that doesn't? The fact that he wants subscriptions does not make his point false. It doesn't make Faber, Schiff, Reggie, or even Phoenix wrong. While I also dislike shameless self promotion, it happens, and we have to live with it, or we should ignore those who do it. But it doesn't make the self promoter wrong.
Seems I might have to double down on my efforts of freeing myself from this UCC nightmare.
You have no rights under the UCC, only granted privileges.
Looking better each day to become sovereign again.
pods
you been digging in the chests at Cornell pods?
Nothing else to do on slow nights!
Man this is crazy deep. Was watching some youtube vids of Raymond St. Clair last night. He took over a magistrates court (Britain) by refusing to contract to use commercial law. It was magnificent.
Lots of people are realizing we are in fact living in a corporate system as subejcts with granted privileges, not rights.
http://worldfreemansociety.org/Welcome+Page
Found a couple more books to read too (see link above). And my copy of Black's Law Dictionary, 5th edition is on its way.
Seems the rabbit hole goes deep.
I think it was Kayman who has done this, but he had taken control of his commercial affairs.
Crazy world.
pods
So I have a question for you Americans... how do you like your Afghanistan and Iraq adventures so far? Guess you forgot someone actually has to foot the bill for your stupidity eh? Now carry on with your imploding paper empire...
Where do you hail from? I'm going to guess Canada, because I sense a little bit of overconfidence that is easily distinguishable from strength.
well if it pleases you, we Canadians also surrendered "the good of the intellect" and followed you down. Remember to support the troops and anyone else who passively obeys orders.
"For we have reached the place of which I spoke,
where you will see the miserable people,
those who have lost the good of intellect."
-Dante
You have upset the trolls and bots which have taken over this site.
Ahhhhh fonestar.... we did not have much choice. Our representatives gave us no say so about Afghanistan and Irag. So yes it is taxation without representation. Our imploding paper empire will effect the country you live in as well. So I guess we all are stupid?
We hypothetically voted in a guy who was going to scale down wars and bring troops home. When you are lied to, you are lied to.
Damn rights! We have all been lied to and I am pissed! And I am not here to kowtow to some white collar astrologist-economist schmuck either as vijay may have misunderstood. Get angry and get even!
Yeah sucks but...considering that "his" party has been just as hawk and terrorist boogeybooed as the "other" party and considering that it's all about oil and an unsuccessful if not dishonest murderous strategy to obtain the last sweet easy crude, I'd say we shouldn't be too surprised. What I am surprised about is those silly polls that say most of us hate this war, most of hate these banks, and most us now hate the bastards that serve them and yet....
Taxation without representation. It is pretty clear, isn't it?
Our ponzi is bigger than yours
Wait til Obama rolls out his new NATIONAL LIFE INSURANCE plan. Cuz every merican has a right to ca$h when they momma ( o baby mama ) die.
your juvenile comments are certainly not appropriate for the audience here at ZH, so get over yourself and realize where you are and who are here.
Right.... we just deal with effects and not causation hey? I guess that is the "mature" thing to do. Not to question authority like a rational animal or how you got yourself into this fucking mess hey? Why not go and volunteer yourself as cannon fodder now then?
and PS who the f*ck do you think you are to deem what is "appropriate" for the audience of ZH? Some appointed spokesperson? Maybe I should self-censor now that we are getting spotlight from the schmucks at CNBC? Ooooh, a fund manager might be reading this... I feel so important! This is the internet dude, deal with it or go choke on one...
you missed the point, again. most of us here at ZH do not support the gov't, TPTB, the TBTF, etc.. and their actions. you are targeting the wrong audience with your statments towards those Americans that are aware of these things.
fonestar = tool with stupid empty message.
YUP FONE, thats rights, and it sure the f isnt going to be americans that are going to 'pay' for it. Why do you think we BORROWED all the money? BECAUSE WE ARE NEVER GOING TO PAY IT BACK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Why do you think we have Obama in office???? What black man do you know who racks up 4+ TRILLION in debt and DOESN'T default??????? Name 1, I dare you! One misplaced CHINESE fired bullet and its ON, with the fruckers and *poof* 2+ tril in debt, GONE. We can borrow some more from someone else who we are not going to pay to fund that war.
well the nonstop assault on gold and silver is ongoing. wonder how much of this is selling to meet demand else where? margin calls on stock and bonds, etc.
seven minutes later another take down on gold and silver. something big going on behind the scenes?
TPTB want your gold at cheap prices. They have limited resources to manipulate gold prices, at least in the form of margin hikes. However, if they faced no other limitations would gold be more likely to price at $2000 or $300? Clearly they have limitations.
Why now? I can only think of two things. Either Jackson Hole is likely to result in panicked buying of gold, or the market just got too frothy and they had to use up some of their ammo. Either way, this is likely to end up like it did in May. Give it a month or so and we will be right back at $2000. (Unless they announce a gold standard, then all the traders they drove out of the market will miss the move.)
Markets move for a reason, and it sure wasn't parabolic pricing that caused the drop in prices. The drop in prices is clearly orchestrated and wilful. The drift up in prices is all over the place, clearly telling us the sell off is a manipulation of price (which you already knew).
How about a european nation dumping their reserves to raise capital? Next train leaving Lisbon..the AU express....
"Pay no attention to the man behind the curtain"----The Wizard of Oz.
Youz only be here to serve zee Fatherland - oops! - zee Homeland
If youz haff problem wiz dat, maybee vee come visit, to explain - at 3 o'clock in zee morning - yah ?
They can't seize what they can't find bitchez.
V no Jew av it. FEMA 4 jew
If you have assets to protect, stop bitching and see a good tax lawyer/accountant specializing in asset protection. For every rule there is an escape. If you have no assets to protect, what's there to bitch about?
Sure, just ask anyone who has fallen victim to these "civil forfeiture" torts.
You cannot hide from that, sorry.
pods
Don't deal drugs or get involved with them mafia or terrorists and you'll be ok on that front, right ;-)
Jokes aside, make sure no asset you own is free and clear and you should be in decent shape. If you have to take your paper out to Bermuda, do so, but you don't have to divest the assets.
They call it "civil forfeiture" because there is NO crime. (Think I am seeing your sarcasm now)
Search down in the Texas and Louisiana area, people would make $$ gambling and the locals would seize whatever they wanted. Revenuers indeed!
I would agree that never owning anything is one defense, of course, they can seize it and you merely have to pay off the mortgage holder, so basically you would have to defend your property twice and still get screwed.
pods
You are missing my point. Control your own paper and you got a senior claim. Furthermore, just the presence of such claim is a mighty incentive against following through with seizure.
Control your own paper? What do you mean by that?
Oh, you think the cops are going to give a damn that your house isn't yours free and clear, that it's encumbered with a lien so they won't seize it?
Bull. They could care less. It's the physical asset they'll take, leaving you to sort the rest of the details out later.
Your question is case-in-point why those who wish to protect their assets should get professional advice, hopefully with attorney/client confidentiality involved.
Nope, own a house and two people walking down the sidewalk step on your yard and conduct a drug trade, your house can be seized.
Own a rental, and you can't discriminate against who you rent to, but if they do drugs in your rental house (unbeknownst to you) you can lose your rental.
But of course this is only if you're not well connected. The DA who's son was busted dealing drugs out of her house kept her house... but you and I would have lost it.
You're looking for a logical way to defend against this, and there isn't really one. The simple fact that once your stuff is seized *you most likely will not get it back* whether or not you are ever charged with, nevermind convicted of, a crime, should show you that you're property is their property, if they want it to be.
*Wrong* -- quick, check to make sure your still have yur $20 left on your SNAP card!!