If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.
—Joseph Goebbels

The US political leaders, both red and blue, have defied FDR’s dictum, “The only thing we have to fear is fear itself”, and in the wake of 9/11 have created a nation living in fear.  Fear is good for getting reelected, hanging onto power, and trampling freedoms.  If people are afraid enough they will sit back and, like the frog in the pot of heating water, eventually discover it is too late.  So what the terrorists failed to do, the politicians have done, and that is to chip away rights that Americans had enjoyed for over 200 years.  Whether realizing it or not, the politicians ripped out a page of Goebbels and figured if we call it the “Patriot Act” people eventually will believe that it IS the Patriot Act, even if it is used to destroy all kinds of freedoms.

So now the US not only needs to take half of what you earn, they also need to know everything about your money and restrict and control what you can do with it.  In the name of protecting the nation from “terrorists”, the US is going after money launderers.

I have laundered what for me is a lot of money.  Along with my cell phones, I have often forgotten to take change and my wallets out of my pants before dumping them in the washing machine … and ended up with change banging around the dryer, a worthless cell phones, and “laundered” money.  I always figured there must be more to this than I understand to get the US all upset.  Turns out there is, and this illustration helped me understand …

Ok, now I get it.  And it turns out the US Treasury Department is convinced …

Panama is A Money Laundering Center

or at least that’s what we always hear … and it’s not just the big banks that are laundering billions of dirty dollars from drugs, unrecorded income, and shady big well-known companies that are rich enough to get around the law, but it’s a lot of retired folk living off pensions and Social Security who are coming to Panama to launder all the wealth they saved instead of squandering through their life times of hard work.  So I found this interesting … and not that any of my readers are interested in hiding cash, but if you are … be sure to read the last part of this article.

How does Panama stack up in the money laundering stakes? According to a speaker at the recent STEP (Society of Trust and Estate Planners) Conference, in the Bahama’s, the UK leads the field by a nose with the United States, Canada, and Australia,the front runners, jockeying for position. Iran, N. Korea and Syria are among the also rans.

Panama, The Bahamas The Cayman Islands, were left at the starting gate, but remain popular targets of a new form of Colonization via the OECD, with threats of sanctions from big players in the Group of Seven. The Financial Action Task Force on Money Laundering) (FATF), also known by its French name, Groupe d’action financière(GAFI), is an intergovernmental organization founded in 1989 on the initiative of the G7 which lays down the law to independent counties, who become financial colonies held down not by guns and warships, but the threat of sanctions Meanwhile, smaller players like Panama, discover that by the time they implement the new rules, the bureaucracy at the Paris headquarters of FATF, has changed them.

The U.S. plays its own colonization role by targeting its citizens through FATCA (Foreign Account Tax Compliance Act) a United States statute that requires United States persons, including individuals who live outside the United States, to report their financial accounts held outside of the United States, and forcing foreign financial institutions to report to the Internal Revenue Service (IRS) about their American clients. Congress enacted FATCA to make it more difficult for U.S. taxpayers to conceal assets held in offshore accounts and shell corporations and to recoup federal tax revenues. But, if you want to set up a shell company with virtually no questions asked, go to Delaware.

Maybe instead of Panama you should look at Delaware.