American capitalism gone with a whimper

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bredin
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Postby bredin » Thu Apr 01, 2010 9:59 pm

es/pip wrote:
bredin wrote:guys, ive looked over that legislation, and It seems to me that a valid exception exists for those accounts of less than 50k. Also it only applies to accounts held by US nationals..... It looks like My idea of circumvention is still a valid one.....

G


i haven't had time to look it over fully yet

just skimmed it


so it only applies to US Nationals?


The legislation states "United States Person" which would obviously include companies, trusts and other legal bodies.

however the reporting only applies to "Financial Institutions" that hold accounts for a "United States Person"

looks to me like trading accounts may not subject since they are "regularly traded", although it goes on to say "established securities market", which might just mean spot forex is excluded (another means of forcing forex traders back into futures, and away from spot).

??(5) FINANCIAL INSTITUTION.?Except as otherwise provided
by the Secretary, the term ?financial institution? means any
entity that?
??(A) accepts deposits in the ordinary course of a
banking or similar business,
??(B) as a substantial portion of its business, holds
financial assets for the account of others, or
??(C) is engaged (or holding itself out as being engaged)
primarily in the business of investing, reinvesting, or
trading in securities (as defined in section 475(c)(2) without
regard to the last sentence thereof), partnership interests,
commodities (as defined in section 475(e)(2)), or any interest
(including a futures or forward contract or option) in such
securities, partnership interests, or commodities.

part A means bank, building society, et al
part B means holding company, et al
part C would seem to thwart my idea since it appears to include any entity who trades on behalf of a US entity, except for the 50k exception, which gives me a second (and subsequent) ideas.

easy done. A bit of legal framework on my part and your money and leverage is safe :)

G.
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bredin
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Postby bredin » Thu Apr 01, 2010 10:00 pm

edit : double post after a debug mode alert
Last edited by bredin on Thu Apr 01, 2010 10:05 pm, edited 1 time in total.
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bredin
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Postby bredin » Thu Apr 01, 2010 10:01 pm

edit : triple post after a debug mode alert
Last edited by bredin on Thu Apr 01, 2010 10:06 pm, edited 1 time in total.
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Postby bredin » Thu Apr 01, 2010 10:03 pm

es/pip wrote:http://www.cnn.com.usnewsstories.com/2010/US/03/26/ohio.gps.law/index.html?hpt=C1


they will know where everyone goes and when


"police to monitor speeding remotely and issue tickets in the mail"


the last new car i ever purchase will be a 2013 one if this passes


BIG BROTHER

edit---------------

"new and existing cars after 2014"

so i guess it doesn't matter---- have to get it disabled somehow--

this country is headed to hell
More freedom lost in the name of safety

edit: this has been coming for a while, Alex Jones was warning of this 2 or 3 years ago


G.
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Postby PTG » Thu Apr 01, 2010 10:39 pm

bredin wrote:
es/pip wrote:http://www.cnn.com.usnewsstories.com/2010/US/03/26/ohio.gps.law/index.html?hpt=C1


they will know where everyone goes and when


"police to monitor speeding remotely and issue tickets in the mail"


the last new car i ever purchase will be a 2013 one if this passes


BIG BROTHER

edit---------------

"new and existing cars after 2014"

so i guess it doesn't matter---- have to get it disabled somehow--

this country is headed to hell
More freedom lost in the name of safety

edit: this has been coming for a while, Alex Jones was warning of this 2 or 3 years ago


G.


Not only Alex Jones, but also many more like Ron Paul, Peter Schiff, Judge Andrew Napolitano, Walter Block, Tom Woods, Justin Raimundo, Thomas DiLorenzo, Lew Rockwell and the list goes on, and on, and on.

It is frightening to see how fast the US goes down the drain, especially since 11 Sept 2001. With the US, many other places go down the drain too. Personal liberties, already limited by the Powers that Be, as if they have a say over the lives of others, are being flushed down the drain. We are being scanned, monitored, scrutinized, checked, evaluated, plundered, tasered, etc. There is not much you can hide, and you are being found guilty until proven innocent basically.

Meanwhile, the masses are watching establishment touts like Oprah on the liberal side and Gangreenich on the neocon side and are led to believe that they actually have a choice for change. Well, what a joke that is. There is nothing to choose, it is in fact a one party system.

Difficult times are heading our way, and I would work my butt off to put myself into a position to help yourself and your family out of the sinkhole we're heading into if I were you, whilst supporting those who oppose the idiots in control of our lives. It is time for change, real change.

Peace.

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www.antiwar.com
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PTG
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Postby PTG » Thu Apr 01, 2010 11:18 pm

es/pip wrote:http://www.zerohedge.com/article/its-official-america-now-enforces-capital-controls?page=1


looks like i will have to charter a plane and

put a bunch of cash in duffel bags in order to open an account overseas


unreal


Hold your horses.

http://www.itulip.com/forums/showthread.php?p=154952
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Patch
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Postby Patch » Fri Apr 02, 2010 2:20 pm

This country is sliding down hill. When I first woke up this morning I thought I was in Moscow amidst a dictatorship.

Tyranny and treachery is a foot. What a difference 15 months make.

Our freedom and liberty is at great risk. We must be vigilant and stand firm.
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

robbieboggie
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Funnymental prediction from the 1867

Postby robbieboggie » Mon May 17, 2010 3:11 pm

"Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalised, and the State will have to take the road which will eventually lead to communism."

Karl Marx, Das Kapital, 1867

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bredin
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Postby bredin » Mon May 17, 2010 8:51 pm

robbieboggie wrote:"Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalised, and the State will have to take the road which will eventually lead to communism."

Karl Marx, Das Kapital, 1867
... and then the red revolution was funded by central banks, enslaving the communist nation and leading to its downfall some 70 years later by the simple refusal to lend (create for) it more money.

G.
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frang0nve
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Re: Funnymental prediction from the 1867

Postby frang0nve » Mon May 17, 2010 9:07 pm

robbieboggie wrote:"Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalised, and the State will have to take the road which will eventually lead to communism."

Karl Marx, Das Kapital, 1867


I think this is a hoax never said/written by Karl Marx...

Please, can anybody disprove me?

Cheers

Francisco

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