Lawyers, Laws & Taxes

How’s That Recovery Working Out For You?

The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,334, or a 36 percent decline…Those are the figures for a household at the median point in wealth distribution — the point at which there are an equal number of households whose worth is higher and lower.

Panama: Problems Ahead

I’m in Panama City, Panama, conducting some boots-on-the-ground research and due diligence on this remarkable country’s legal and financial infrastructure.

They’re Coming for Your Accounts

Nearly all of us grew up thinking that we registered ourselves to prove that we were safe and responsible. We advertised our services as “registered” or “licensed,” and we never thought about it beyond that point. After all, that was the way things were done, and we knew that it would help our customers trust us.

FATCA: America Hasn’t Ended Yet

The idea behind FATCA is simple: Demand that other countries enforce America’s imperialistic tax laws. And do so by the confiscation of foreign assets, if necessary.

Why Congress Wants to Revoke Your Passport

For the third time in as many years, legislation has been introduced in Congress that would revoke the passports of US citizens with  “seriously delinquent tax debts.”

France, Brazil, India & South Korea Join Russia & China In Post-Dollar World Order

The empire has no clothes. Debt weighs down the crony-capitalist system and flowers of alternative realities are cropping up. The middle class has been brought to the brink, practically eviscerated over the past ten years in the western world. Stock markets – high on intraveneous debt cocktails – post record nominal highs daily.

A Ceasefire in the IRS’ War on US Citizens

Around 10 years ago, the US declared war on a select group of Americans — the nearly 8 million US persons (citizens and green card holders) living abroad.

Another Passport Scam Bites the Dust

Last July, I spent four days in Las Vegas at FreedomFest. This annual event is huge, with as many as seven presentations occurring at the same time.
Naturally, I focused on the offshore-related presentations. And one was a real doozy.

The Bitter End Of The Savings Account

Governments, by definition, are violent institutions.  And taxation, by definition, is theft.  These are blatant facts to all but the most indoctrinated and brainwashed.  However, governments worldwide are ramping up all manner of other thefts by almost any means necessary.

Why You Shouldn’t Gamble With Uncle Sam

If you think June 30, 2014, is just another lazy, hazy summer day, think again. If you’re a US citizen or permanent resident, this may be a date to remember.

Another Casualty in the War Against Offshore

Last week, a federal jury found that Zwerner had “willfully” failed to disclose the existence of a Swiss bank account in 2004, 2005, and 2006.

The US Government Has Nearly As Much Debt As The World Has Wealth

Compare this to estimates putting the US federal government’s total debts and liabilities alone at anywhere from $78 trillion to $200 trillion and you can see just how untenable the US government’s debt is.

US Foreign Wealth Confiscation Begins Under the Code Names FinCen, FATCA and FBAR

We have been reporting on how the US government is using very nefarious and egregious methods on tracking its own citizen’s financial information, fining them and even instituting the Foreign Account Tax Compliance Act (FATCA) as a form of subterfuge capital controls which is closing off international banking to Americans

Breaking News: US Expats in Mexico Left Stranded In Latest FATCA Escalation

As the first set of Foreign Account Tax Compliance Act (FATCA) compliance issues for banks worldwide is set to come into effect on July 1 we have seen a flurry of banks around the world advising US citizens that they will be immediately closing their accounts.

The Truman Show US Economy: Real GDP Numbers Show -9% Annualized Drop

Watching all aspects of the US economy from outside of the propaganda zone sometimes feels like you are watching the Truman Show.