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There’s small choice in rotten apples
These include the 0 Green Book of May 2009 which made it clear the deficit and debt-riddled US government is on the hunt for more tax revenues by bending laws so much as to challenge all Anglo-Saxon-style structures, whether Austrian, Dubai, Hong Kong, London, Luxembourg or Singapore. The USA aims to abolish cross-border business.
One might call this aggressive world domination by the evil US Empire.
O wad some Power the giftie gie us, to see ourselves as other see us.
We do know the power to tax is the power to destroy.
So much for our freedom, peace and prosperity.
Compromise of Swiss Banking Secrecy is perhaps the operative word, as sources indicate politicians continue to receive their unconstitutional foreign emolument payoffs for special interest legislation in private numbered bank accounts with impunity.
However, the consequence of these government power grabs in the USA is serious:
The enormously expansive view of what constitutes a US person, and the potential, imperialist, expansion of inheritance tax liability to cover the whole world(,) substantially increase the risk of investing in America, and thus on the US capital market.
It is becoming clear that it will be simply too dangerous to own US securities, to hold them as a custodian for third parties, or to trade them as a bank.
This with careful measures and rationale, is Swiss banker-speak for:
Farewell America.
We are leaving you and your capital market taxes behind.
With typical Swiss thoroughness, the banker describes the USA’s Achilles’ Heel:
A glance at the USA’s debt situation suffices to show that, apart from oil, there is really only one element of strategic importance the USA will need in coming years: capital.
