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Did you know about the 12 USC 531 exemption? It's in the US code on house.gov. Effective October 1st, 2023, Federal Reserve Banks, their capital stock, surplus, and income are exempt from federal, state, and local taxes.

Most of the time, when we send money as donations to developing countries, they spend it by employing Chinese, Turkish, or Russian companies, rarely French ones. However, some claim that 50% of the calls for tenders are won by French companies and that 50% of the money given for development aid is used by French companies. But there is a cosmetic effect in the way development aid is accounted for. For a French company to be counted in a project, for example, a water supply project, it is enough for a French company to have been involved in the project. For example, in a project worth two or three million euros, if a French company has invoiced, say, ten thousand euros of the total, the French Development Agency considers that the market has been filled by a French company. As you can see, it's a huge sleight of hand.

Healthcare companies will likely maintain similar profits despite global changes because it's a redistribution of wealth, not a reduction. Europe and the rest of the world will pay slightly more, while America will pay significantly less. This is due to America's smaller population relative to the global population. The top line revenue for healthcare companies will remain consistent, but the distribution of payments will shift globally.

GE reported a $7 billion profit in 2023 but received a $423 million tax refund, showing how the tax system benefits the wealthy.

Tariffs were once a significant source of revenue for the U.S., but in the early 1900s, the country shifted to an income tax due to pressure from other nations. A commission was formed in 1887 to address the surplus wealth generated from tariffs on foreign goods. The U.S. thrived by taxing imports, which protected American jobs. China, for example, allows foreign companies to build factories there, leading to a different economic dynamic. Elon Musk is mentioned as a notable figure who has successfully navigated these challenges, particularly with his ventures in the automotive and space industries.

Our government funnels tax dollars overseas to countries and weapons manufacturers like Lockheed Martin, who then lobby back with gifts for elected officials. Last year, the US spent $47.7 billion on Lockheed, 93% of their revenue. Nearly 80% of this money was borrowed. In total, $861 billion was spent on defense, with 80% going to other countries, surpassing spending on all other US programs combined. This is all publicly disclosed, showing where our money goes.

At the end of World War II Asia and Europe were devastated, and the United States emerged as the last man standing, profiting hugely from the war. They ended up, due to isolation, the strongest economy in the world with more than half the world’s gold and half the world’s GDP, with standing industries that could shift from making tanks to making cars and trucks. They did extraordinarily well for a few decades, but then, as described, they began to financialize, and it became more profitable to speculate in investments than to actually invest. In recent years, companies with money often pursue share buybacks rather than expanding research and development or industrial capacity. We are in a stage where the underlying basis for markets is questionable: what are markets for, are they accurate at price discovery, and do they predict productive investment and returns on capital? We are in a transition phase where we’re not sure anymore. There is a huge bubble, and corporations creating these bubbles, with banks that loan money relying on the state because they are too big to fail. Bailouts have totaled trillions since 2008, as the US Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan pumped trillions of dollars, with help from Gulf Cooperation Council countries to bail out banks in Britain, the United States, and Europe. It’s fascinating because China, since the financial crisis, has also created about 17 to 18 trillion dollars. China has actually been leading in creation of money, while investing that money in building 50,000 kilometers of high-speed rail, a space program, massive industries, and the Belt and Road initiative—real investment and so on. The enormous difference between the two is notable, but how far can states—the United States, Britain, the EU, and Japan—borrow and pump money into the market to keep this bubble going? We don’t know. Bubbles are hard to gauge in terms of expansion and when they break, which is why they can be sustained so long; the bursting of a bubble is painful, and no policymaker wants responsibility. China is interesting and is the only case in history of a property bubble being deflated without collapsing the real economy, deflating its property bubble over five or six years while the economy continued to grow—not at 8% but at 5%—and continued to expand. That is worth studying because other countries let property bubbles run until they burst, causing wider harm and deflation. Japan, for example, has had thirty years of zero growth since it began quantitative easing three decades ago, a growth killer because it protected existing companies, banks, and properties and never really recovered. Europe has had zero growth for about fifteen years since 2007. The United States sustains growth largely by buying it from the rest of the world—acquiring profitable companies or getting them to list on NASDAQ and then earning rents from profitable companies wherever they are—while the US economy has been largely hollowed out. It’s an interesting time to watch monetary dynamics, because this doesn’t go on forever.

This transcript argues that new tax policies across the EU, beginning with The Netherlands, signal a shift toward taxing wealth and unrealized gains, with broader implications for the entire Union. It presents a chain of facts and projections about fiscal policy, population aging, debt, and revenue pressures that purportedly push Europe toward coordinated wealth extraction. Key points: - The Netherlands will start taxing unrealized capital gains at 36% beginning January 2028 under the actual return in box three act. Box three funds savings and investments, where previously a fictional return was taxed; the law now taxes actual returns including unrealized gains. If a portfolio rises by €10,000 in a year, the tax authority treats that paper gain as taxable income, and you owe €3,600, regardless of whether you sold assets. Real estate and startup shares are exempt; other assets use this capital gains approach. The bill includes a €1,800 tax-free annual return; losses above €500 can be carried forward indefinitely. Losses can drive liquidity problems, as taxes are due in cash even if assets aren’t sold. - The law is described as a response to the Dutch Supreme Court ruling in 2021 that taxing income that doesn’t exist violated property rights under the European Convention on Human Rights. After attempts to fix the system failed and treasury losses persisted (€2.3 billion annually by 2024), the government moved to tax actual returns, including unrealized gains, as a revenue measure. The Netherlands’ mechanism is presented as a test case for other EU nations. Context and comparisons: - The transcript situates this as part of a broader EU trend: Spain’s 2022 temporary solidarity wealth tax on net worth above €3,000,000 became permanent by 2024, with thresholds lowered in some regions; high earners moved to Andorra, Dubai, and Portugal to mitigate taxes. - France is described as using a 30% capital gains tax, with social charges pushing the effective rate to 47.2% for high earners; real estate above €1,300,000 faces a 0.5% annual wealth tax. Germany tightened inheritance tax enforcement and heightened scrutiny of cross-border asset transfers. - The narrative asserts that when one state successfully reorganizes revenue without triggering capital flight, others follow, and that Brussels, Paris, and Berlin are watching The Netherlands’ model. The EU is portrayed as expanding revenue extraction beyond national borders. Structural pressures: - The EU’s revenue strategy is framed as a response to demographic shifts: working-age Europeans will fall 35,000,000 from 2020 to 2050 while those 65+ rise by 21,000,000, lowering the tax base. The debt burden is immense (collectively over €12 trillion). Inflation and the euro’s loss of purchasing power reduce real incomes while nominal tax brackets rise, creating a “silent tax.” - With limited options to cut spending, print money, or raise traditional income taxes without economic pain, the transcript argues that governments will increasingly tax accumulated wealth, creating a cycle of rising taxes, slower growth, and capital flight. - It also points to energy and transport taxes as major revenue sources, now comprising the majority of environmental tax revenue, and argues that household burdens are high even as the wealthy optimize around these levies. Policy directions include moving toward EU-level taxation via proposed own resources, including emissions trading revenue, carbon border adjustments, and levies on corporate profits, digital services, and financial transactions. Conclusion: - The endgame is described as transnational wealth extraction, with taxation coordinated at the EU level rather than limited to national governments. The Dutch unrealized gains tax is framed as a stepping stone toward a broader, continental model where people are taxed on assets they still hold, not just on income. The central warning is that the tax you can’t escape is on assets you’re waiting to sell, not on your paycheck.

During a visit to Ukraine, Soros was treated like a visiting head of state and met with the president, prime minister, and central bank. He was allowed to examine the books and give advice. Soros's hedge funds operate offshore in the Netherlands Antilles to avoid regulation by the Securities and Exchange Commission. Despite advocating for hedge fund regulation, Soros avoids it himself. The quantum fund, in which Americans can invest, is not registered with the SEC. Soros admits that operating without SEC registration is more convenient and allows them to escape regulation. However, he claims to comply with regulations once they are imposed. The beneficiaries of Soros's billions may not understand the details, but they appreciate what he has done for them.

Bill Gates gained power through patents on software and tax concessions from the WTO. He outsourced software to India, saving billions annually. By promoting digital payments, he profits from the digital economy. Despite his philanthropy, his donations often benefit his own interests.

Here's the ultimate tax loophole the rich exploit to live tax free. It's called Buy Borrow Die. Step one, buy appreciating assets—"Typically, they look at the stock market." Step two, borrow—"You use your portfolio as collateral and you take a loan out against it." They avoid selling because "there's no tax implication" on loans, while selling would incur capital gains tax. If the portfolio appreciates faster than the loan's interest, they could "take out another loan to pay back the old one and rinse and repeat." Step three: after death, they can "take their entire portfolio that's been appreciating for decades, pass it off to the heirs at a stepped up basis, and then the cycle can start anew." "Be sure to keep following for more money saving tax hacks."

"Cool thing about how The US tax code works is that loans are never treated as income, but they are spendable money that you can consume and use." "And I can use those loans to live my life." "These are the strategies of the people who are ultra wealthy." "Either way, those loans are not a taxable event, and you can use them to further expand your business." "So this is an amazing strategy you can use to avoid the tax man and grow your business at the same time." "And when I die, they can they can rectify my account."

The Bank of England, acting as a financial regulator, attracted banks to London in the past. One such bank was BCCI, which grew rapidly but eventually went bankrupt due to financial fraud and terrorist financing. Whistleblowers had contacted the Bank of England, but no action was taken. The Bank of England's governor at the time defended the lack of intervention, stating that closing banks for fraud would leave fewer banks. The lenient regulation and secrecy in London attracted more banks than any other financial center. British offshore centers, including trusts, were established to attract global capital with strong secrecy laws. Trusts allow assets to be separated from their owners, making them difficult to tax or trace. These offshore arrangements hold trillions of dollars of assets.

During my brief work involving budget review, a high-ranking official at the Ministry of Foreign Affairs revealed a shocking detail. I questioned why the state holds a minority stake in the board overseeing Mr. Rioux and the French Development Agency (AFD). The official explained that if the state became the majority shareholder, the AFD's debt, totaling €50 billion loaned to countries unlikely to repay, would have to be included in France's national debt. So, beyond the uncontrolled spending with little benefit for France or the aided populations, a significant portion of France's debt is concealed within the AFD's balance sheet.

Technology companies have committed over $2.5 trillion to build in America due to tariffs, with sovereign wealth funds from the Middle East also investing, totaling over $3 trillion committed. The pharma industry, auto, and industrial sectors are also returning to America. The speaker mentioned the Trump Gold Card's popularity and a plan to replace the Internal Revenue Service with an external revenue service, funded by tariffs, so outside countries trading with the U.S. pay their fair share. Ending de minimis will rebuild mom and pop and small businesses in America by stopping foreign countries from sending small packages for free.

The Bank of England, a central bank and financial regulator, attracted global banks to London but failed to properly supervise the Bank of Credit and Commerce International (BCCI), which engaged in financial fraud, money laundering, and terrorist financing. Whistleblowers alerted the Bank of England, but no action was taken. The governor of the Bank of England defended the lack of intervention, stating that closing banks for fraud would leave few remaining. London's light-touch regulation and secrecy laws also attracted banks, with offshore branches and trusts allowing for tax evasion and hiding assets worth trillions of dollars. The UK's protected species of bankers rarely face jail time, making it an attractive destination for illicit financial activities.

The shocking part of investigating government-funded NGOs is that small decisions lead to massive, multi-billion dollar outcomes. I saw one instance of $1.9 billion being sent to an NGO that was formed a year prior and had no prior activity. Government-funded NGOs are essentially a loophole, allowing actions that would be illegal for the government directly but become permissible through nonprofits. These nonprofits are then used for personal enrichment, with individuals cashing out and paying themselves exorbitant sums. It's a giant scam where people can establish an NGO for a relatively small investment and then lobby politicians to funnel vast sums of money into it. There might be some good that comes from them, maybe 5 or 10%, but the rest is not.

High-income individuals avoid high taxes by sending money overseas, impacting job creation and small businesses. Increasing taxes will drive more businesses overseas, leading to job loss and economic challenges for those unable to relocate.

Technology companies have committed over $2.5 trillion to build in America due to tariffs, with sovereign wealth funds committing over $3 trillion. The pharma industry is returning home because America pays for global drug costs, and the auto and industrial sectors are also reshoring. The speaker mentioned efforts to train the workforce to rebuild America. There is significant attention on the "Trump Gold Card." The tariffs are generating hundreds of billions of dollars to build the "external revenue service," intended to replace the internal revenue service, with the goal of having foreign countries pay their fair share to America. Eliminating de minimis will help rebuild mom and pop and small businesses in America. De minimis was described as a big scam against the country and small businesses.

Between 2005 and 2007, Thierry Breton was the head of Bercy while Lazare and Rothschild, two investment banks, negotiated tax arrangements for their managing partners with the finance administration. In May 2007, at the end of this period, Breton left the government and was recruited by the American branch of Rothschild and Co. This raises concerns about potential conflicts of interest, considering Breton's role in negotiating tax arrangements for the banks' partners and his subsequent recruitment by the same bank. These issues of "pantouflage" (revolving door) are troubling, and it is worth questioning whether Breton is in a conflict of interest.

The speaker landed in the Netherlands and conducted further research into the Albanian wetland destruction they had been covering. They say the company behind it—linked to seven consecutive days of protests and a criminal investigation—is registered in Amsterdam. The company is named Svernet South Adriatic Development, which they identify as the company behind the Cushner Resort that is bulldozing one of the last wild coastlines in Europe. The speaker claims Svernet South Adriatic Development is owned through a chain of Dutch shell companies managed by a trust office on Stravinsky Lane in Amsterdam. They state that Dutch corporate law allows owners to remain hidden as long as no single person holds more than 25% of the shares, so the real owners stay anonymous. According to the speaker, Balkan Insights has found a network connected to the anonymous ownership, including someone linked to the Italian mafia, a disgraced judge, the family of a convicted forger, and one of Albania’s most powerful oligarchs. The speaker concludes that this is not just an Albanian problem, asserting that Dutch corporate structures are being used to obscure ownership of a project that is under active criminal investigation. The speaker says they are Dutch and live in Albania, and they state the Netherlands needs to know about what they found. They say they will share a link to the Balkan Insights article in their bio.

Bill Gates donated $5 billion to his own foundation and received a tax write-off for it. This raises questions about the corruption within the government.

Healthcare companies will likely make the same amount of money because it's a redistribution of wealth across the world, not just the European Union. Europe and the rest of the world will pay a little more, while America will pay a lot less. This is due to America having a smaller population compared to the entire world. The top line for healthcare companies could remain the same, but it will be distributed differently.

Le trafic de drogue est lié au blanchiment d'argent. Les gains illégaux sont transférés par des experts financiers vers des paradis fiscaux. La BCCI, une banque internationale, a été créée sans apport de capitaux. Elle avait des sièges au Luxembourg et aux îles Caïmans, connus pour le trafic de cocaïne. Les autorités locales ne contrôlaient pas les échanges d'argent. La BCCI a été financée de manière complexe entre ses entités au Luxembourg et aux îles Caïmans, permettant ainsi son lancement. Translation: Drug trafficking is linked to money laundering. Illegal gains are transferred to tax havens by financial experts. The BCCI, an international bank, was created without capital contribution. It had offices in Luxembourg and the Cayman Islands, known for cocaine trafficking. Local authorities did not control money exchanges. The BCCI was funded in a complex way between its entities in Luxembourg and the Cayman Islands, enabling its launch.

The cost of corruption in France has been estimated by the European Parliament to be 120 billion euros per year, which is more than tax evasion. This corruption is not only limited to France, but also exists throughout the European Union, with a total cost of 980 billion euros. The citizens are often unaware that they are victims of corruption, as it leads to fewer public services, higher taxes, and injustices in accessing jobs and assistance. It is important to inform citizens about the impact of corruption and hope that they will vote differently in the future.