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Pete Lincoln's avatar

Great book. What you will discover is the US is one of the worlds top tax havens and that the global banks Eurodollar Market (USD that are overseas) creates USD with loans (Fed does not have a monopoly on USD). Estimates are as high as $15 trillion in Eurodollars as opposed to our M2’s $21 trillion, although the exact amount overseas is unknown. Much of our physical currency is also overseas although I forget the numbers. Bitcoin might have been created to compete with Eurodollars which are also used in illicit trade.

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Poisoned Kiwi's avatar

Reminds me of this book (pub. 2011); NZ specific.

https://www.goodreads.com/book/show/459979.The_Paradise_Conspiracy

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Isaiah Antares's avatar

This is why I believe in taxing land rather than labor or capital. It's fixed in supply, required for life, and not the product of any person's labor. It can't hide or flee the jurisdiction. The US could raise 4 trillion in revenue every year with zero taxes on work, investment, or commerce.

gameofrent.com

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David Merrifield's avatar

Take ALL of their money away.

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Christina Pihl's avatar

Dear Catherine, I just borrowed the book. Thanks! I remembered a guy in 2007-08 who came out with info that Swiss Banks helped people hide their money from tax. He offered the information to tax authorities in Europe.

I was shocked to find that this information about him is so difficult to find on the internet. It was a huge story back then. Grok said his name was Hervé Falciani.

Funny…’Treasure Islands’ links to Pinocchio and ‘Pleasure Islands’.

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Stephen Burton's avatar

Treasure Islands is a must read book if you want to understand the world

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