Interview 1040 – Financial Survival: The Global Tax Grid Cometh

by | May 14, 2015 | Interviews | 2 comments

Glass globe with stacks on US paper currency underneathEvery week James appears on Financial Survival with Alfred Adask to discuss news, economics and current events. This week they discuss the Eurozone meltdown and the unlikelihood of a Grexit, why more Americans are renouncing their citizenship than ever, and how a global tax grid is being constructed behind the scenes as a cornerstone of world government.

SHOW NOTES:
China Changes Its Strategy Towards Japan

The ECB’s asset purchases programme helps to end the eurozone’s four-month spell of deflation

China Looks to Boost Bank Lending with New QE Policy

Double digit unemployment predicted even if eurozone recovers

Greece taps reserves to pay IMF loan

NATO Will Not Allow Greece Leave EU: Faber

Record number of Americans abroad giving up citizenship

Swiss Bank Secrecy Succumbs To U.S. Tax Enforcers

OECD strikes global deal on automatic tax information sharing

Roger Ver Denied US Entry to Attend Bitcoin Conference

2 Comments

  1. Thanks for letting me know. There was an issue with the permissions on the file, but it has been resolved and if you refresh your browser the link should be working now.

  2. Alfred and James,

    The reason Americans who live outside the US are giving up their citizenship is mostly likely NOT because they have to pay double taxes. The foreign income tax exclusion excludes the first $100k-ish of income from being taxes. I think you’ll find that this wave of expatriation has to do with the increasing inability of Americans to bank and do business in other countries due to FATCA. Also, the tax forms that one have to fills out whether one “owes” tax or not are a royal pain in the butt. There are lots of articles online about all of this.

    The income tax’s purpose is not to raise revenue. It’s purpose is control. FATCA is the stepping stone to world taxation. It is also part of financial repression acting as a currency control.

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