the dollar vigilante blog

blog articles: 1235

US Citizen? No Foreign Bank Account For You!

March 25, 2014
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[Editor's Note: The following post is by TDV Editor-in-Chief, Jeff Berwick]

Many people laughingly remember the image of the Soup Nazi in Seinfeld.  If you did anything out of order or that he didn’t like, “No soup for you!”

Sadly, thanks to the upcoming Foreign Account Tax Compliance Act (FATCA) in the US, banks around the world are turning away US passport holders, “No bank account for you!” But you don't even have to do anything wrong other than having been born a US citizen.

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Governments Worldwide Adopting FATCA Style Legislation

March 24, 2014
comments: 0

[The following post is by TDV editor-in-chief, Jeff Berwick]

It seems the US has created a new model for the world of draconian taxes and penalties. New powers at HM Revenue and Customs (HMRC) in Britain allow the body to "raid the bank accounts" of anyone who owes more than £1,000 in tax or tax credits. Under the new system, HMRC would have the power to seize money from bank accounts after they contacted the debtor several times.

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TDV Week in Review: March 23rd, 2014

March 23, 2014
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When Mark Dice's YouTube channel suddenly disappeared over the weekend, including all 55 million of its views and 265,000 subscribers, attention on the internet was quickly drawn to the fact that around 200 people and organizations, one of which is a British police unit, have been given the authority by Google to "flag" up to 20 YouTube videos at a time. They are the "super flaggers."

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The Weekend Vigilante March 22, 2014

March 21, 2014
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Hello from Anarchapulco,

For the first time in a long time I have been here more than a week and am loving it.  Not necessarily because I am in Acapulco... although I do love it here... but just being in one place for more than a few days with all eight of my favorite things:  my strong, anarchist wife, my 7 year old anarkid Acapulquena, my 9 year old anarkid from Germany, my 1st chihuahua, Bruce Lee, my 2nd chihuahua, Luci, Rango the loyal cocker spaniel, Lara the year old boxer and our newest addition, Jerry, the third chihuahua we found abandoned in a box on the street a few months ago.

All eight of them sleep in my room but only my wife and the chihuahuas are allowed in bed.

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Feedback Friday - March 21, 2014

March 21, 2014
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Well, still over here filling the bomb shelter in case of World War III. I hear it's so inevitable Steven Spielberg already has a WWIII film in development.

We kid, but we worry... Time to leave for safer places, no?

Want to join in the discourse? Send your questions, comments, queries, and concerns to tdv@dollarvigilante.com, comment on a post, or get on the forums.

On to the feedback…

UKRAINE AND TAXES?

Dear TDV,

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The Paradigm Shift In Financial Planning The Government Won't Tell You About

March 20, 2014
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[The following post is by TDV editor-in-chief, Jeff Berwick.]

The financial markets have always been somewhat of a rigged game.  Having started Canada's largest financial website, Stockhouse.com, even I never have seemed to make anywhere near as much as the numerous brokers I have had over the last two decades, many of whom have long retired to their offshore mansions... giving creedence to that old quip about a broker inviting one of his clients out on his yacht and the client asking, "So, where are all your client's yachts?"

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FATCA Cometh... And Therefore So Does Crisis Conference II

March 19, 2014
comments: 0

[The following post is by TDV editor-in-chief, Jeff Berwick.]

Are you aware of the Foreign Account Tax Compliance Act (FATCA)?  If you aren't and you are an American with assets outside of the country or have future plans to do so you should be very aware of it!

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Barack Obama's USA is Starting to Look Like Early Days of Mao's Communist China

March 18, 2014
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[The following post is by TDV editor-in-chief, Jeff Berwick.]

Many like to watch movies or read fiction novels as a way to relax and get away from work and other stresses of day-to-day life.  I, on the other hand, find non-fiction to be much more interesting than almost anything dreamed up by a fiction writer.  So, when I want to relax and get away from things I like to read and watch non-fiction books and documentaries.

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Recovery? What Recovery? Sbarro and Quiznos Latest to Fall

March 17, 2014
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[The following post is by TDV editor-in-chief, Jeff Berwick.]

It has now been five years since the financial collapse of 2008 and 2009. Since then, we've heard it all from the mainstream media.  They said it was a "goldilocks recovery"... which is apt since it was a total fairy tale.  Then Ben Bernanke said he was seeing "green shoots"... which would be great if he was a gardener rather than pulling the levers printing greenbacks.

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TDV Week in Review: March 16th, 2014

March 16, 2014
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The year 2014 feels more American than many recent years: threat of war with Russia, a classic foe and enemy to our way of life, graces the headlines daily and, in this anthropoids' opinion, the end is by no means nigh. The economy has recently been taken down a notch (or ten) as it has been like clockwork over the centuries. That's why I am so excited that it's baseball season again! Come April 1, this ageless sport, which has taught us so much about American society (it's the US's old past-time, after all), will be shown on big screen televisions from sea-to-shining-sea, in bars.

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