Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on Expatriation. (See the Economy & Finance section.)
Precious Metals:
Last Week’s Gold Breakout Wasn’t “Real” – Bloomberg Intelligence
o o o
IMF Issues Dire Warning – ‘Great Depression’ Ahead?
Economy & Finance (Expatriation):
The OECD has clearly had its feelings hurt by people lawfully avoiding taxes, through expatriation. Here is the OECD’s report: Residence/Citizenship by investment schemes. Some ground truth: If you obtain new citizenship, you then come under a new sovereignty. Your old sovereign’s taxing minions can no longer lay claim to your substance. Of course you might just be trading one task master for another, so don’t expatriate without carefully weighing all of the costs and benefits.
It is noteworthy that several of the countries mentioned in the OECD’s Bad Boy list will sound familiar to SurvivalBlog readers, as potential offshore retreat locales.
o o o
Moving on to this at Wolf Street: Who Bought the $1.6 Trillion of New US National Debt Over the Past 12 Months?
o o o
Over at Bloomberg: Luxury-Jet Market Is So Hot That Even Used Planes Are Selling
o o o
Venezuela Ditches US Dollar, Will Use Euros For International Trade