russian ruble rebound

Russian Ruble Rebound

April 13, 2015 By: Kelly Diamond, Publisher The US has marginalized quite a few countries over the years through sanctions and embargoes… never mind the wars it starts, funds, or carries out on these foreign lands. And the US in many ways is an economic whale still. Allow me to provide an example of what I see the US doing. Foreign policy isn’t much different than individual policy, it’s just on a much larger scale with much larger implications. The guiding force, nonetheless, has human nature at the helm. So let’s say I’m a wealthy … [Read More...]

walmart

In Defense of Walmart

April 6, 2015 (April 10, 2015: Correction to financial claims about Walmart.  See below, after end of original article.) By: Kelly Diamond, Publisher I’m sure many of you are aware of the “fairness” economists. Everything is measures by perceived “fairness”. For example, people who defend the Labor Theory of Value where the worth of something is based on how much effort and time the producer had to put in to provide that good or service. Never mind supply and demand, if someone had to toil over it, it’s worth more. Well, the fairness … [Read More...]

digital nomad

Go Paperless as a Digital Nomad

April 3, 2015 By: Bobby Casey, Managing Director GWP I remember as a kid watching my dad pull out these huge green notepads with horizontal and vertical lines running the length of the paper. These pads were enormous – probably 3 feet by 2 feet rectangles.   He would open up this pad on his huge drafting table and write words along the top and the side. And in the small boxes created by the grid of lines, he would write in numbers. For a small boy of 6-7 years old, it appeared there were millions of these lines. If you are a business pe … [Read More...]

bank scrutiny

Greater Scrutiny of American Bank Transactions

March 30, 2015 By: Kelly Diamond, Publisher It would appear we are commemorating Woodrow Wilson’s tattle policies by reinstituting them… with a British twist. What happens when Wilson-era policies (A) and British banking policies (B) give each other a “special hug”? Well, that’s an experiment I hoped would never come to pass given the unethical implications of such a practice… yet sadly, it has come to pass. Wilson created an entire department called the American Protective League for the sole purpose of intimidating and bullying dissen … [Read More...]

playing to win or not lose

Playing By The Rules

March 23, 2015 By: Kelly Diamond, Publisher I cannot be the only person in the United States who has asked themselves – with regards to many government activities – “Is this really legal?!” Not that legality has anything to do with morality or what’s right and wrong, but it does have something to do with what’s allowable by the state. While I have asked that question more than I care to and often rhetorically, I’m beginning to wonder if the answer to it is really and quite simply: “NO!” Two of the biggest government rackets in Americ … [Read More...]

iceland withdraw eu

Iceland Rescinds Its Bid for EU Membership

March 16, 2015 By: Kelly Diamond, Publisher Iceland recently made public its intention to withdraw its bid for European Union membership. It placed its bid for membership back in 2009, when the financial crisis was at a head. The fall of Lehman Brothers in the United States toppled three of Iceland’s largest banks, so at that time, the EU looked to be a stable option compared to what was happening. Six years of evaluations, talks, and negotiations later, Iceland has noticeably cleaned up its act and is seeing record high GDPs. No doubt … [Read More...]

endangered liberty

Václav Klaus: Our Freedom Is Endangered

March 12, 2015 With Claudio Grass & Vaclav Klaus (The interview is also available below this article.  We encourage you to read it if you this article caught your interest!) “The best environment for man is the environment of liberty.” - Václav Klaus Liberty is a fundamental human right and the cornerstone of our existence. But in our current world, liberty is being attacked from all directions, whether through higher state control or individuals themselves. Liberty is in search for its protector. Those that value and actively pr … [Read More...]

indentured servant

Modern Indentured Servitude?

March 9, 2015 By: Kelly Diamond, Publisher I remember back in grade school I was told that Abraham Lincoln freed the slaves and made us all equal. I also remember when I grew up and read more about American history since the Emancipation Proclamation, figuring out that the grade-school claim was only half right. Abraham Lincoln didn’t free the slaves, he redrew the plantation lines and they are identical to that of the U.S. border. Indeed, we are equal now. Equal indentured servants to one central master. I guess it makes sense. C … [Read More...]

rideshare

Ridesharing: A Lesson In Deregulation?

March 2, 2015 By: Kelly Diamond, Publisher Back in October of last year, I wrote about the challenges ride-share businesses such as Uber, Lyft and Sidecar, are facing (“Constipated Economy”). These challenges continue in the more densely populated markets such as San Francisco, Los Angeles, and New York. There are small victories that ride-share entrepreneurs are celebrating, but the road is still quite long. For example, the cities cap the number of cabbies allowed to operate with medallions. Supposedly, it is so that there is enough bus … [Read More...]

hacker libertarian

How Will Hackers Help Build A Libertarian 21st Century?

February 27, 2015 By: Marco Ricca The debate is raging: what will we make of the information age? Are we moving towards a technological dystopia, whereby Big Brother monitors and regulates our every action and thought? Or, conversely, does the digital revolution contain the promise of a renewed era of liberty? The former view definitely presents valid arguments; systemic eavesdropping by intelligence agencies, human beings being implanted with RFID chips, or the proliferation of biometry are popular examples to support it. The … [Read More...]

e-estonia

The New Best Offshore Banking Jurisdiction?

by Bobby Casey About three weeks ago a buddy of mine came for a visit in Riga, Latvia.  He was looking for a getaway for a couple of weeks and wanted to explore the region I have called home for several years now. A few weeks ago he read one of our articles, “E-Stonia: Wired and Well Ahead of the Curve” - and decided to pursue Estonian E-Residency so that he could get his id card, open a bank account in the EU and do business. You may remember for our article about Estonian E-Residency that it is a relatively new program offering many b … [Read More...]

international bank heist

$1 Billion International Bank Heist

February 23, 2015 By: Kelly Diamond, Publisher I found it a little hard to believe when I first heard of it, but indeed there was a global bank heist of approximately $1 BILLION that was recently uncovered. By “global” we’re talking 30 countries and about 100 banks.  And yes, it was "uncovered" because unlike regular hold-ups and robberies, this was happening covertly through malware. This was discovered when Kaspersky Labs was hired on to investigate a malfunction with an ATM at a Ukraine bank. What they concluded was that there was a … [Read More...]

panamanian baseball

Going to a Baseball Game in Panama

February 19, 2015 Originally published on 2/17/15 at DailySpeculations.com By: Gordon Haave, Managing Director at Agora Trust, LTD. While Dr. Lillienfeld and other baseball fans get ready for spring training, I had the opportunity to go to a baseball game in Panama last Friday. It was the best game I have ever been to. There are, it seems, 3 leagues in Panama. Fedebeis runs a "juvenile" league and a Major league. There is also a pro league. The pro league ended in January. The major league is rumored to start up at the end … [Read More...]

walls going up closing in

Walls Going Up… and Closing in

February 16, 2015 By: Kelly Diamond, Publisher The tax code is like a growing zit. It’s painful and I want so desperately to pop it. There are nearly 74,000 pages in that code. And code it is, because you need attorneys, CPAs, and computer algorithms to decipher it. Ever hear the old adage, “Ignorance of the law is no excuse for breaking it”? Well, if you need a special degree or certification to know it, then perhaps it is a rather viable excuse! That’s just the federal tax code. We aren’t talking about the state and local levels ye … [Read More...]

offshore accounts

Attack on Offshore Assets?

February 9, 2015 By: Kelly Diamond, Publisher So as the class warriors continue to hone in on their intended target of “the 1%” and “offshore tax dodgers” while chanting to a drum “your fair share”, more pages are being considered for our already 74,000 page tax code. It’s off-putting to say the least, but indeed there is a new measure under consideration for people who move their money offshore: “President Obama is grabbing headlines for his new corporate-tax plan that would raise $238 billion over 10 years by assessing a 14-percent … [Read More...]