Posts Tagged ‘ CAPITAL FLIGHT ’

It’s not the Capital Flight to worry about, It’s the People Flight

PORTUGAL_YOUTH_FLIGHT

  by John Galt June 10, 2012 22:20 ET   Throughout my years of reporting on this economic disaster, the one compelling data point has not been housing, inflation, gold purchases by central banks, deflation, capital flight, nor unemployment. The truly telling figure has been the departure of the irreplaceable element from any economic structure, that being the loss of human capital, the one element which can save a nation or destroy it. For a historical example, simply look at the defeat of tyrannies of…

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Bank of Ireland Executives drain €29 Million from their own Bank

A sign hangs on the railings of the Bank Of Ireland in central Dublin

by John Galt March 18, 2012 18:30 ET Well I guess it would be nice If I could touch your body I know not everybody Has got a body like you But I’ve got to think twice Before I give my heart away And I know all the games you play Because I play them too Oh but I Need some time off from that emotion Time to pick my heart up off the floor And when that love comes down Without devotion Well it…

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De facto U.S. Capital Controls now Impacting American Investors

banned_us_flag

By John Galt December 15, 2011 – 22:30 ET On March 29, 2010, I published the following  commentary on the old version of this website: If you can leave the United States, I would suggest you GET OUT NOW This was tied Title V, section 1471 of the H.I.R.E. Act of 2010,Foreign Account Tax Compliance Act (FATCA), a vile piece of legislation laden with pork and a clause which many commentators like myself who trumpeted the warning that this was the initialization of capital controls…

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If you can leave the United States, I would suggest you GET OUT NOW

AIRLINE TAKING OFF

by John Galt March 29, 2010 While I was out playing happy camper in the Everglades and checking on my ‘local’ BOL, some news snuck through the system but thankfully good old Tyler Durden at ZeroHedge.com has the scoop: It’s Official – America Now Enforces Capital Controls This is not something I say lightly after reviewing this information and reinforcing the commentary from the Rangel rule which restricted and penalized voluntary emigration and/or renunciation of one’s citizenship from the United States. If you can, even…

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