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THE SOVEREIGN SOCIETY OFFSHORE A-LETTER
Your Link to Freedom, Privacy & Prosperity in the Offshore World
Friday Sep 03, 2004 - Vol. 6 No. 168
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In This Issue:
* COMMENT: The Ownership Society.
* OFFSHORE: Panama's New Leader: Big Canal Vote Planned.
Spain Wants Gibraltar. U.S.-Swiss Trade Down Last Year.
* WEALTH: Ireland Bank Fine. EU Failure. Offshore Home Finance.
The Lord's Piggy Bank; Alleged Dodged of Canadian Taxes.
* PRIVACY & RIGHTS: U.K. Investigates 'Lifestyles.'
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COMMENT: The Ownership Society.
Dear A-Letter Reader:
One of the most influential American Founding Fathers, James Madison
of Virginia, wrote: "That alone is a just government which impartially
secures to every man whatever he owns."
In those early days of US history owning and enjoyment of private
property were cherished rights, especially since the British colonial
governments had seen fit to tax and confiscate at will.
Alexis de Tocqueville in "Democracy in America" (published in 1835
and 1840) said of property rights: "Why is it that in America, the land
par excellence of democracy, no one makes that outcry against property
in general that echoes through Europe?" His answer: "It is because there
are no proletarians in America. Everyone, having some possession to
defend, recognizes the right to property in principle."
Over two centuries American leftists and liberals have tried to make
private property an object of scorn, even contending that owning
property does not rise to the level of a civil right.
In truth, private property serves as the basis for all liberty, since
without some degree of personal economic power, a job, a home, some
wealth, the individual cannot support himself or his or her family,
and is far more susceptible to government control -- just as liberals
would love to have it.
The Wall Street Journal noted that America has become a wealthy nation
where wealth is widely distributed "without invasive governmental
redistribution schemes. HUD Secretary Alphonso Jackson announced in
July that 69.2% of US households now live in their own homes, a record
percentage that figures out to 73.4 million homeowners. Americans own
roughly 136 million cars. More surprisingly, nearly 52% of households
own stocks in corporations, up from 20% in 1980. And most interesting
of all, a recent survey indicates that more than half of a sampling of
college seniors see starting a business as their highest ambition."
The US is "the most entrepreneurial generation in American history,"
asserts Forbes magazine.
So it makes sense for President Bush to have adopted the 2004 election
year slogan of the "Ownership Society." In the past presidential
candidates have tried to sell the New Deal, the Square Deal and the
Fair Deal. The trouble has been that most have turned out to be raw
deals for citizens and taxpayers.
That's the way that it looks from here.
BOB BAUMAN, Editor
PS: To find out how you can gain maximum protection for your property,
check out my new book on "Where to Stash Your Cash Legally."
LINK: http://www.youreletters.com/t/54350/3790594/645304/0/
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* OFFSHORE *
PANAMA'S NEW LEADER PROMISES CANAL VOTE
Torrijos promises a referendum on building a new Panama Canal. LINKS:
http://www.youreletters.com/t/54350/3790594/645971/0/
http://www.youreletters.com/t/54350/3790594/645972/0/
* He also seeks renewed ties with CUBA after pardon flap.
LINK: http://www.youreletters.com/t/54350/3790594/645973/0/
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* Derek Sambrook, Sovereign Society Council of Experts member reports
from Panama on 'Feats, Calamities, High Winds.' LINK (scroll down):
http://www.youreletters.com/t/54350/3790594/645974/0/
* Join us at the October Panama offshore conference; click here: LINK:
http://www.youreletters.com/t/54350/3790594/617/0/
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SPAIN DEMANDS JOINT SOVEREIGNTY ON GIBRALTAR
People on The Rock want only UK control. LINK:
http://www.youreletters.com/t/54350/3790594/645975/0/
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U.S. TO SWISS IMPORTS TRADE FELL 17% in 2003
Decline may be due in part to protest over Bush policies. LINK:
http://www.youreletters.com/t/54350/3790594/645976/0/
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To find out more read on:
LINK: http://www.youreletters.com/t/54350/3790594/641802/0/
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* WEALTH *
BANK OF IRELAND FINED $3.6 MILLION
DUBLIN: Breach of money laundering rules draws big fine. LINK:
http://www.youreletters.com/t/54350/3790594/645977/0/
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EU COMPETITIVE COUNCIL SCOLDED FOR FAILURE
Economic performance 'Mickey Mouse' says chairman. LINK:
http://www.youreletters.com/t/54350/3790594/645978/0/
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HOW TO FINANCE AN OFFSHORE DREAM HOME
Complicated questions answered for non-resident buyers. LINK:
http://www.youreletters.com/t/54350/3790594/645979/0/
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LORD BLACK'S CORPORATE PIGGY BANK
Millions in Canadian taxes allegedly avoided in tax havens. LINKS:
http://www.youreletters.com/t/54350/3790594/645980/0/
http://www.youreletters.com/t/54350/3790594/645981/0/
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* PRIVACY & RIGHTS *
U.K. GOVERNMENT INVESTIGATES 'LIFESTYLES'
Self-employed and accounting community are concerned.
LINK: http://www.youreletters.com/t/54350/3790594/645982/0/
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THE SOVEREIGN SOCIETY OFFSHORE A-LETTER.
Bob Bauman, Editor * Daniel Aponte, Jr. Editorial Asst.
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* The A-Letter provides accurate information on the subject matter
covered and advertisements displayed, so far as we can ascertain. We
cannot certify the absolute accuracy of referenced articles nor do we
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* Nothing herein should be considered personalized investment advice.
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