You are browsing the archive for 2013 February 17.

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France Ratchets Up the War on Cash

February 17, 2013 in Uncategorized

By Joseph Salerno

France’s state auditing bureau, Cour des Comptes, informed the French government that it was “dreaming” in forecasting that the French economy would grow this year by 0.8 percent, which would enable it to meet its budget deficit target of 3 percent of GDP. The bureau told French Prime Minister Jean-Marc Ayrault that a growth rate of 0.3 percent was more like it, which would not be sufficient to meet the deficit reduction target. This was the case despite–or more likely because of–the fact that a broad based tax increase had just been imposed that would extract another €32 billion euros from overburdened French businesses and households this year. So would a desperate Ayrault finally open his eyes to economic reality and slash the budget of the bureaucratic and bloated French State, a budget that is liberally larded with fascistic corporate welfare subsidies and bailouts? No way, no how. Instead Ayrault convened a meeting of the National Anti-Fraud Committee to crack down on tax cheats and presided over it himself–”A first for a head of government,” he crowed.

Tax fraud in France has been estimated to be in the range of €60 to €80 billion annually. Buried in Ayrault’s proposal to crack down on tax cheats and further squeeze more revenue from its “fiscal residents”–those citizens and foreigners who have not been driven into part-time exile to escape French taxes–is a draconian provision that would lower the maximum cash payment per transaction from €3,000 to €1,000. Under the new limit a French citizen would not even be able to buy a used car for cash. The provision would not apply, however, to citizens and foreigners wealthy and savvy enough to have placed their income beyond the clutches of the rapacious French State by becoming fiscal residents of other countries. They would be subject to a limit of €10,000 per purchase in cash, down from the current limit of €15,000 per purchase. This may come to be called the Depardieu exception because French actor Gerard Depardieu recently caused a public stir by obtaining a Russian passport in order to take advantage of Russia’s flat-rate income tax of 13 percent.

One commentator perceptively summed up the inextricable link between the war on cash and the war on personal liberties:

With this law, the French government will be able to tighten the vise on its people one more turn, …read more
Source: MISES INSTITUTE

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Taxing And Regulating Marijuana In Maine

February 17, 2013 in Uncategorized

By Johnny Green Will Maine become the third state in America to legalize, regulate, and tax marijuana?

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Source: THE WEED BLOG

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Why I Am Attending The 2013 ASA National Unity Conference

February 17, 2013 in Uncategorized

By Johnny Green By Major Neill Franklin Americans for Safe Access (ASA) opened the eyes of this thirty-three year law enforcement veteran. Caught in the whirlpool of drug prohibition policy, prohibitionist law enforcement folks as I once was, forget the importance of maintaining an open mind. Unfortunately, “group-think” is where most of us tend to feel comfortable. Until [Continue Reading]

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Source: THE WEED BLOG

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Strain Showcase Cannatonic New Age Canna Garden Grove

February 17, 2013 in Uncategorized

By Johnny Green Gil is at it again. Is he working hard or hardly working? It’s hard to tell when his job is showcasing awesome marijuana strains and dispensaries!

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Source: THE WEED BLOG

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The POT Conspiracy – The Real Reason Cannabis Has Been Outlawed

February 17, 2013 in Uncategorized

By Johnny Green Below is a video that was recommended to my by YouTube. There are some really great interviews in the video, including one of my heroes Mason Tvert.

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Source: THE WEED BLOG

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There Is A Currency War Going On

February 17, 2013 in Uncategorized

“There is a currency war going on. The irony of a currency war which makes it different from other wars is the object is to kill itself. Unfortunately, I think the U.S. is going to win the currency war.” – in a Index Universe conference earlier this week

Related: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), PowerShares DB US Dollar Index Bearish (UDN)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse. …read more
Source: PETER SCHIFF

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The Predators Who Serve Are Devouring Us

February 17, 2013 in Uncategorized

By Monty Pelerin The condition of our country continues to deteriorate with no push-back from the seemingly unconcerned citizenry. Have we all been bought off with the gifts from Caesar? Apparently those who haven’t are working too hard to notice. They should be the first to notice because they are the body upon which the parasites feed. Brandon …read more
Source: Monte_Pelerin