Thread: Iran Nuclear Expert Killed Amid 'Covert War'

Originally Posted by LAM

your forgetting about the petro-dollar, it's not just about oil.

Indeed.

The Petrol Dollar is key to the survival of the American Empire. In 1972 The US convinced/made a deal with the Saud family in Saudi Arabia to convince OPEC nations to do all oil transactions in US dollars.

This has allowed the US gov to run massive deficits to fund wars and empire expansion.

the axis of evil = Iraq/Iran/North Korea = the 3 country's that have abandoned the dollar as primary reserve currency. the current Iraq govt is back to using the USD but Saddam had abandoned it and with that move he pretty much signed his own death warrant.

Yup.

Washington will never say it publicly but they get extremely unhappy when nation dump the USD.

And some day in the future the Petrol dollar will fade away.

Originally Posted by Big Smoothy

Indeed.

The Petrol Dollar is key to the survival of the American Empire. In 1972 The US convinced/made a deal with the Saud family in Saudi Arabia to convince OPEC nations to do all oil transactions in US dollars.

This has allowed the US gov to run massive deficits to fund wars and empire expansion.



Yup.

Washington will never say it publicly but they get extremely unhappy when nation dump the USD.

And some day in the future the Petrol dollar will fade away.

many don't understand the relationship between the USD being the primary reserve currency and the economic power that it gives the US. they also don't understand how taking the USD completely fiat was needed as there is no way you could supply the markets with so much currency and still have it tied to gold.

things will get mighty costly once the US has to start paying exchange rates and US capital account holders stop getting all that free capital when USD are purchased from the treasury.

and the day of the dollar hedge-money is nearing most did not even catch the changes in '09 in H.R 2847 and the recent actions in identifying US holders of foreign accounts for IRS tax collection at the rate of 30% for those that are non-exempt. while not exactly capital control it prevents those with the means to leave the US with their money as they will be taxed at the rate of 30%, which is substantial.


H.R.2847: HIRE Act - U.S. Congress - OpenCongress

Originally Posted by LAM

while not exactly capital control it prevents those with the means to leave the US with their money as they will be taxed at the rate of 30%, which is substantial.

God bless America, eh?

Originally Posted by LAM

and the day of the dollar hedge-money is nearing most did not even catch the changes in '09 in H.R 2847 and the recent actions in identifying US holders of foreign accounts for IRS tax collection at the rate of 30% for those that are non-exempt. while not exactly capital control it prevents those with the means to leave the US with their money as they will be taxed at the rate of 30%, which is substantial.

Holy Sh*t, LAM.

I missed that. (I don't have enough money to worry), but this is very disturbing.

Taxing it at all is bad. And this is for individuals, correct? The corporations still get the loopholes?

And, 30%?

Originally Posted by Big Smoothy

Holy Sh*t, LAM.

I missed that. (I don't have enough money to worry), but this is very disturbing.

Taxing it at all is bad. And this is for individuals, correct? The corporations still get the loopholes?

And, 30%?

page. 24

PART I—INCREASED DISCLOSURE OF
BENEFICIAL OWNERS
SEC. 501. REPORTING ON CERTAIN FOREIGN ACCOUNTS.
(a) IN GENERAL.—The Internal Revenue Code of 1986 is
amended by inserting after chapter 3 the following new chapter:
‘‘CHAPTER 4—TAXES TO ENFORCE REPORTING ON
CERTAIN FOREIGN ACCOUNTS
‘‘Sec. 1471. Withholdable payments to foreign financial institutions.
‘‘Sec. 1472. Withholdable payments to other foreign entities.
‘‘Sec. 1473. Definitions.
‘‘Sec. 1474. Special rules.
‘‘SEC. 1471. WITHHOLDABLE PAYMENTS TO FOREIGN FINANCIAL
INSTITUTIONS.
‘‘(a) IN GENERAL.—In the case of any withholdable payment
to a foreign financial institution which does not meet the requirements
of subsection (b), the withholding agent with respect to
such payment shall deduct and withhold from such payment a
tax equal to 30 percent of the amount of such payment.
‘‘(b) REPORTING REQUIREMENTS, ETC.—
‘‘(1) IN GENERAL.—The requirements of this subsection are
met with respect to any foreign financial institution if an agreement
is in effect between such institution and the Secretary
under which such institution agrees—
‘‘(A) to obtain such information regarding each holder
of each account maintained by such institution as is necessary
to determine which (if any) of such accounts are
United States accounts,
‘‘(B) to comply with such verification and due diligence
procedures as the Secretary may require with respect to
the identification of United States accounts,
‘‘(C) in the case of any United States account maintained
by such institution, to report on an annual basis
the information described in subsection (c) with respect
to such account,
‘‘(D) to deduct and withhold a tax equal to 30 percent
of—
‘‘(i) any passthru payment which is made by such
institution to a recalcitrant account holder or another
foreign financial institution which does not meet the
requirements of this subsection, and
‘‘(ii) in the case of any passthru payment which
is made by such institution to a foreign financial
institution which has in effect an election under paragraph
(3) with respect to such payment, so much of
such payment as is allocable to accounts held by recalcitrant
account holders or foreign financial institutions
which do not meet the requirements of this subsection,
‘‘(E) to comply with requests by the Secretary for additional
information with respect to any United States
account maintained by such institution, and
‘‘(F) in any case in which any foreign law would (but
for a waiver described in clause (i)) prevent the reporting
of any information referred to in this subsection or subsection
(c) with respect to any United States account maintained
by such institution—
‘‘(i) to attempt to obtain a valid and effective
waiver of such law from each holder of such account,
and
‘‘(ii) if a waiver described in clause (i) is not
obtained from each such holder within a reasonable
period of time, to close such account.
Any agreement entered into under this subsection may be
terminated by the Secretary upon a determination by the Secretary
that the foreign financial institution is out of compliance
with such agreement.
‘‘(2) FINANCIAL INSTITUTIONS DEEMED TO MEET REQUIREMENTS
IN CERTAIN CASES.—A foreign financial institution may
be treated by the Secretary as meeting the requirements of
this subsection if—
‘‘(A) such institution—
‘‘(i) complies with such procedures as the Secretary
may prescribe to ensure that such institution does
not maintain United States accounts, and
‘‘(ii) meets such other requirements as the Secretary
may prescribe with respect to accounts of other
foreign financial institutions maintained by such
institution, or
‘‘(B) such institution is a member of a class of institutions
with respect to which the Secretary has determined
that the application of this section is not necessary to
carry out the purposes of this section.
‘‘(3) ELECTION TO BE WITHHELD UPON RATHER THAN WITHHOLD
ON PAYMENTS TO RECALCITRANT ACCOUNT HOLDERS AND
NONPARTICIPATING FOREIGN FINANCIAL INSTITUTIONS.—In the
case of a foreign financial institution which meets the requirements
of this subsection and such other requirements as the
Secretary may provide and which elects the application of this
paragraph—

Originally Posted by Big Smoothy

Yeah CIA and/or Mossad, or perhaps both.

IMO, the War against Iran has basically begun.

I believe you're right on both counts. Iran has simply become too dangerous and since a full scale war probably wouldn't be a good idea right about now, the next best thing is to pick off their scientists!