Author: Petros

Singapore fund manager recommends pulling investments out of the United States

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FATCA is causing foreign investors to pull their money out of the United States.  Don’t take my word for it alone.  Today in Singapore reports:

The penalties for not following FATCA requirements correctly can be huge. FFIs that do not report or withhold taxes can be liable for all that withholding, plus interest and penalties. It may just be easier not to invest in the US at all and, indeed, asset management firm BlackRock says the FATCA “discourages foreign investment in US capital markets”. …
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If Obama is a global citizen doesn’t that make him the President of the world?

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The new FATCA legislation, signed by President Obama as part of the Hire Act, requires that every person in the world who owns a bank account declare whether he is a US person.  Imagine if the Chinese required that every bank account holder in American banks fill out a form declaring whether they are a Chinese person for tax purposes!  What would you say?  None of their damn business.

Obama must think he is the president of the world.

 

Isn’t this the way it starts?  With great speeches accompanied by ignoble acts of coercion?

United States Citizenship: The Hotel California

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[The version of the song that I had up is all gone now, but this new link is pretty good too]

This is the best version of the Eagles song that I’ve ever heard.  United States citizenship is the Hotel California:  “You can check out any time you like, but you can never leave.”

[I found the unplugged version at Daily Motion]

x5eij7_eagles-hotel-california-live-unplug_music

 

Open Letter to the Executive Director of the Society of Biblical Literature

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A letter to the Executive Director of the Society of Biblical Literature, an association with over 8000 members, informing him why the author will not be renewing his membership:  The US Federal Government is persecuting American citizens abroad of whom the author is one.

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