Sports figures are changing venues and refusing to accept payments for services all because of taxes. Politicians do not get it. Raise taxes and people change their behavior. Why is it raising taxes including payroll is OK, but cutting government waste would be bad for the economy? http://sports.yahoo.com/news/boxing–pacquiao-prefers-to-fight-marquez-in-china-because-of-high-u-s–taxes-003802872.html http://www.newrepublic.com/blog/jonathan-cohn/79469/maybe-ohio-should-have-offered-lebron-james-tax-cut# David Beckham is donating all earnings […]

I cannot stress how serious things are in Asia all because the USA is now seen as impotent thanks to the debt. China and Japan, along with North and South Korean troops at the DMZ, are clearly on high alert. They are just one small incident away from letting the bullets fly. Armed combat and tensions […]

Most people in the West have never heard of the Unequal Treaty scandal of Asia. Not merely did this result in the resignation of the Prime Minister in Japan during 1889 for being too easy with the West, but it was the justification for the rise of Communism in China in 1949 – the historical […]

Quite a few readers have asked: “You must be advising Japan again. China is too obvious. You say don’t buy bonds from NY and 2 weeks later they stop. Looks like Japan is following you again.” We just cannot comment on who is a client or not. As for the trend, yes. The dollar bottomed […]

Lawyers outside the USA handling Americans who live outside the country, amounting to 33% of the population of Canada, are reporting massive lines to resign their citizenship. One Swiss married to an American woman for 20 years, took their son to the local bank at age 14 to open his first account. They rejected him […]

Traveling around the world and meeting with governments revealed a very interesting development. Because of my confrontation with New York, everyone felt at ease to speak frankly. They all confirmed that the view of NYC is on par with some third world dictatorship. Speaking with fund managers produced similar results. After MF Global, they concur, […]

List of modern Sovereign Debt Defaults or Debt Restructuring The following list includes actual sovereign defaults and debt restructuring of independent countries from 1800 till 2012 Africa Algeria (1991) Angola (1976, 1985, 1992-2002) Cameroon (2004) Central African Republic (1981, 1983) Congo (Kinshasa) (1979) Côte d’Ivoire (1983, 2000) Gabon (1999–2005) Ghana (1979, 1982) Liberia (1989–2006) Madagascar […]

Tim Geithner has resigned as US Treasury secretary. He was the man who protected the bankers no matter what they did. The “Geithner Doctrine” applied this theory of “Too Big To Fail” to corrupt bankers that manipulate everything they can for quick profits. They constantly blow up for they view it as they have done […]

The United States has fallen from the #1 place to live to #16 with Switzerland now grabbing the laurels. Here is a list of nations with 5 years GDP on a per capita growth basis. The USA has fallen to 107 on this list of 135 nations.  1 Myanmar 213.36%  2 China 151.17%  3 Uruguay […]

If you ever wondered why the Dow Jones has rallied when all these domestic forecasters predict the collapse of the dollar and the Dow, the simple truth is they are so biased and married to this scenario of 1929 that they cannot see the nose in front of their face. They fail to grasp that […]