Find content
Male
Posts I've Made
In Topic: Americans Abandoning Citizenship In Record Numbers Due To Government Tax/Fine...
2012-05-22 18:27:15
Naam, on 2012-05-22 05:59:35, said:
BEENTHEREDONETHAT, on 2012-05-21 20:11:07, said:
If you are thinking of getting out of Dodge you best hurry.
US Senators Charles Schumer and Bob Casey to restrict the right of Americans to renounce citizenship – a populist reaction to Facebook co-founder Eduardo Savarin renouncing his US citizenship, saving him millions of dollatrs in US taxes.
The two Senators call Saverin’s renunciation “an outrage” and describe a plan to tax expatriates even after they renounce citizenship, that would also bar such individuals from re-entering the USA.
The bill is to be called the “Ex-PATRIOT” Act, which stands for the “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” Act – whatever that is supposed to mean.
Q BYTES – 19 May 2012 – HOW WILL YOUR OFFSHORE BANK WEATHER THE STORM?
US Senators Charles Schumer and Bob Casey to restrict the right of Americans to renounce citizenship – a populist reaction to Facebook co-founder Eduardo Savarin renouncing his US citizenship, saving him millions of dollatrs in US taxes.
The two Senators call Saverin’s renunciation “an outrage” and describe a plan to tax expatriates even after they renounce citizenship, that would also bar such individuals from re-entering the USA.
The bill is to be called the “Ex-PATRIOT” Act, which stands for the “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” Act – whatever that is supposed to mean.
Q BYTES – 19 May 2012 – HOW WILL YOUR OFFSHORE BANK WEATHER THE STORM?
Went into the credit union we bank with and tried to deposit a Australian check into our account. Sorry we are not allowed to accept foreign checks anymore they are to much work. The check was from a bank so there should not have been any question about it. And Costco will not accept foreign visa cards. If you deposit a large amount of cash in your bank account they ask where you got it and are required to report it to the IRS if it looks suspicious. Land of the free.
In Topic: Where Is Gold Going In This Market
2012-05-21 07:54:37
Jayman, on 2012-05-21 05:19:55, said:
Naam, on 2012-05-21 04:46:28, said:
Quote
When I started buying gold it was $300 an oz. That wasn't all that long ago in my lifetime.
exists. those who invested long ago the lion share or all of their liquid capital in gold either
starved to death or are thoroughly pissed off and ashamed to post in Thaivisa's gold thread.
Is that what you are so upset about Lt? You bought gold back in the 70's and feel burned when it urged and then fell? I have talked with many older folks that have bad memories of gold that I was too young to remember. They all seem to have a similar opinion that gold is not a good store of wealth.
I'm still very confused with why anyone that bought gold lower than today's prices would be upset to still own it. I guess I don't understand how your paper money is multiplying on it's own to keep up with the increase in gold prices throughout history. No one here has yet to explain that. They keep quoting inflation relative stats that afaik don't make your $100 bill turn into a $200 does it?
Maybe all the old-timers have it right. Maybe I am the blind sheep walking around living with a false sense of security in that I own gold. I can tell you that personally I feel very relieved that I own some physical gold/silver and that is much more so than holding paper money.
To each his own.....
Failing to prepare is preparing to fail.
John Robert Wooden
I bought krugerands and Pandas in 1980 for around $800 sold most of them a few years later at $400 and put the money into Aussie bonds for ten years at 15%. So last time I calculated gold would have to be at $2600 now for me to break even. The $ I put into aussie bonds did very well. We do have a few Krugerans and Pandas we held onto but for a 30 year investment they haven't fared to well.
In Topic: Obama Says Debt Crisis Needs Balance Of Cuts With Growth
2012-05-20 10:23:20
12DrinkMore, on 2012-05-20 10:16:29, said:
cdmtdm, on 2012-05-19 20:37:02, said:
perhaps another war to stimulate the economy ? wars have been started for a lot less than the greek debt ....
But where do you see the money coming from? Wars have to be funded from somewhere and afterwards leave huge debts around.
Nope, this is not a realistic solution.
