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BEING A SOVEREIGN, are you a sovereign?
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BEING A SOVEREIGN, are you a sovereign?

  #81 (permalink)
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https://futures.io/news-current-events/17537-believe-return-gold-standard-you-now-officially-extremist.html

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  #82 (permalink)
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Little off topic but thought it would fit in here


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  #83 (permalink)
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another off topic ....but interesting


I don't know if this was posted already or not....

The Obama Deception



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  #84 (permalink)
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  #85 (permalink)
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eudamonia View Post
I fail to see the point in a rhetoric article such as the one you posted. What is the specific action item(s) I should take away from this?

Every empire or state has eventually fallen due to a corrupt leadership. Even Rome only lasted so long. So statements about the sanctity of the consistution don't really mean anything. All governments are inherently corrupt - its just a matter of degree. As Winston Churchill stated, "it has been said that democracy is the worst form of government except for all the others that have been tried".

Regarding police power and the power of the state, it is a time proven fact that the populace will put up with a lot because the good outweighs the bad or because there isn't enough collective outrage to reduce personal risk to near zero. A good example of this are the recent riots in England. Rioting grew exponentially as the personal risk/cost approached a significantly low threshold. It helped that most of the rioters had little to lose or felt they had little to lose. If they actually had a compelling reason to riot (like we've seen in some of the Arab spring countries) there is a good chance that the government would have fallen.

Regarding the lemonade stand outrage I'll just say this. There are smarter ways to teach your child to be an entrepreneur these days. Selling lemonade on the street corner is dumb. Is it as dumb as the politics that created these licensing rules? No. But it is still dumb. Smart entrepreneurs look for weakly/non explored opportunities. They don't attempt to participate in an oversaturated market where they can produce no edge. 99% of the time mommy and daddy fund these pointless lemonade stands to live vicariously through their children. This doesn't teach the child to actually embrace the spirit of entrepreneurship.

As far as actually achieving personal sovereignty there are plenty of resources out there on the 5 flags concept (which is what I assume you are inferring). The problem with the 5 flags approach for traders is that the markets are inherently connected. Some novice traders think that if they have an edge that they are immune from the fluctuations in the markets and that no government can touch them. Nothing could be further from the truth. The markets make us all interconnected. Western governments could impose a lethal transaction tax across all of the major marketspaces. If a major superpower like the U.S. were to fall into chaos the markets would never be the same and many small traders would never recover (or perhaps never regain access to adequately liquid markets). Even if a trader were to acquire a vast sum of personal wealth, follow 5 flags religiously, and live out of a suitcase, they are not immune to the rest of the world and its problems.

Since we cannot hide from the world and its problems my suggested action item would be to educate the general public about the benefits of highly liquid markets (which us traders both admire and derive our livelihood from). There is a tremendous amount of bad PR about daytraders, wallstreet, and the markets themselves that is both incomplete and often not true. Small daytraders in particular seem to have no voice and are often derided and demonized in the media. Part of the reason for this is that it is almost impossible to imagine a world without liquid markets. However, the reality is that the current world economy is highly reliant upon these markets and without them we would go back to the economies of a pre-industrial era.


yeah,

didn't most of those "soveriegn(s)" collapse, when the notion of King, royalty and "state" met up with Socialism, Communism and the raw butt of the gun, from all those masses huddling to be free?

wasn't that what happened in 1917 with Russia becoming the USSR?, and other countries throwing off the weight and domination of those empirical powers?

weren't those empires and their royals, soverigns? or princes?, or whatever?

so, how does this matter effect or affect the price of tea in China?, as they used to ask, so often?

why does this extreme discussion matter?

and most importantly, how is it relevant to trading, right now?

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  #86 (permalink)
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Man Tries To Relinquish US Citizenship. Application Denied

Man Tries To Relinquish US Citizenship. Application Denied

I was approached recently by a member of our Sovereign Man community who filed the paperwork to relinquish US citizenship some time ago. Long story short, after an incomprehensibly long wait, the US government finally sent him a reply: Application DENIED.

Absolutely shocking. That you even have to ‘apply’ to relinquish what you never signed up for is intellectually insulting. That you cannot do so freely, and immediately, is nothing short of totalitarian.

It’s still an embryonic movement, though more and more US citizens are being driven to divorce their country. Last year nearly 1,600 people gave up US citizenship, up from 1,485 in 2010, 731 in 2009, and 226 in 2008.

While some renunciants have philosophical misgivings about being American, most do it for tax reasons. There’s a growing number of expats who, despite living abroad for years, are still paying huge portions of their income to Uncle Sam.

What’s more, the filing requirements are getting more and more onerous. US citizens living overseas have to keep up with all sorts of changes to the tax code that they may not be privy to, and the penalties for noncompliance are severe.

I can’t tell you how many friends I have who are US citizens living abroad that had no idea they were supposed to file the Report of Foreign Bank Account (FBAR) form every year; or the new FATCA form 8938; or those with businesses that must file form 8858 or 5471.

Usually these things come with pretty nasty penalties, possibly up to $10,000 per instance of failure to file.
Then there’s the latest, greatest tax target: accidental US citizens. This group consists of foreigners who happen to be dual nationals because they were born in the US or have an American parent.

These foreigners have spent their entire lives outside the US. They know absolutely nothing about US tax code. Now they’re getting Dear John letters from the US government saying-

“I see you are a US citizen but have never filed your taxes. Please enclose a check for the following absurd amount of money, which includes interest and penalties for the last 20-years…”

Such tactics smack of desperation… typical of the same sorts of cannibalistic moves that failing, bankrupt governments throughout history have exacted upon their people.

Citizenship is nothing more than accident of birth. Yet in the modern nation-state paradigm, governments lay claim to citizens from the time they’re born as if we’re property.

Children are saddled with obligations that they never signed up for– taxes, compulsory military service, a debilitating national debt, etc.

Most countries at least have procedures to voluntarily surrender citizenship for those who choose to opt out of the system; in the United States, it is contained in section 349 of the Immigration and Nationality Act.

The process usually takes place overseas at a US consulate– you have to fill out a series of forms, swear an oath in front of a government official, and eventually file a final tax return. Some people even have to pay a steep ‘exit tax’ on the value of their assets.

I know dozens who have done this, and from what my friends tell me, many of the consular officials attempt to impugn, insult, or otherwise intimidate people looking to surrender their citizenship. It’s their last-ditch effort to keep the milk cows from escaping the dairy farm.

For example, one official tried terrorizing a friend of mine last year in South Africa, saying, “This smells like TAX EVASION to me!”

Despite all the forms, the bureaucracy, and the intimidation tactics, I had never heard of a case where someone’s properly submitted ’application’ to surrender citizenship has been denied (bar Ken O’Keefe). Until now.
But in what may be the most distinguishing mark of a totalitarian state, the US government has now officially prevented someone from freely leaving the system. The Soviet Union comes to mind.

It certainly does make one wonder to what desperate lows they will sink to next.


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  #87 (permalink)
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Reuters - Floating cities proposed as haven for future happiness - YouTube

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  #88 (permalink)
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Expatriation is not that difficult for those who know about it, and therefore not that expensive to get some competent professional assistance to ensure that it is done correctly.

Mark Nestmann has been in this sort of business for many years and knows what he is doing. I understand that he will never ever do anything that is not totally legal. He is really big on going offshore, but he does not advocate hiding offshore investment from the IRS. Stay legal and stay out of jail is his motto. See ---;
When the USA Rejects Your Expatriation | The Nestmann Group, Ltd. - Second Passports, Citizenship & Residence, Wealth Preservation & International Tax Planning

I believe that expatriation is unnecessary and a waste of one's time, money and energy. I am aware of two different methods of ensuring that one is not subject to any of the USC that is not listed within the Federal Register, such as Title 26, without expatriation. These methods require that one acts as a sovereign at all times, and one could liken it to walking the high wire without a net. One had better know exactly what one is doing in the commercial world at all times.

I am aware of even a third method which requires the sovereign to have dual citizenship and limits the injury if one should fall off of that high wire.

All cases I am aware of require that one ALWAYS act as a sovereign, and most people do not even know what it means to act like a sovereign, much less how to act like a sovereign. And when most people discover the basic requirements of acting like a sovereign, they decide it is far too difficult and they are much too fearful of the high wire aspect of it.

In any case, it is my opinion that the act of expatriation is unnecessarily running away from the clutches of the U.S. gov, and still not living the life of a sovereign.

Edd
Live, Love and Laugh a Lot

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  #89 (permalink)
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did you know that in the USA, there was no income tax pre 1913 ??


Steven Sontag View Post
The post sounds good. Then you get to specifics. The part about not getting dinged by the system. No parking tickets no taxes etc. The truth is that you live in the world of agreement in you live in the USA. A lot of folks agree to the same thing and abide by it. That's how things work. If you go outside of it, with your actions there are those that are paid to stop you.

If you want to move to a place where you are not bound by the world of agreement, try Somalia or Antarctica.

The post leads one to believe that there is a path to avoid paying taxes. And there is. Did you know that you can have the IRS help you file your tax return and pay zero? But how do you make a lot of money that is tax free? Check out the tax laws regarding Real Estate. There you will find out how to do it, and have the world of agreement agreeing with you.

....and why we have the income tax post 1913,......well, what else was created in 1913 ???

The Income Tax - 1913

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