Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stock Market Rip the Face Off the Bears Rally! - 22nd Dec 24
STOP LOSSES - 22nd Dec 24
Fed Tests Gold Price Upleg - 22nd Dec 24
Stock Market Sentiment Speaks: Why Do We Rely On News - 22nd Dec 24
Never Buy an IPO - 22nd Dec 24
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

America's War on Children

Politics / US Politics Nov 21, 2012 - 04:51 AM GMT

By: Jeff_Berwick

Politics

This holiday season, give the gift of freedom. Include a passport among the gifts you give your children this Christmas. Not an American passport, but one from the several countries that make it easy to acquire residency status even if you do not live there. For example, Paraguay requires only a two day visit to apply for a passport, and the residency status so acquired is permanent even for those who never return. While taking a family vacation, you can protect your children from an unpredictable and alarming world.


Why do your children need dual status? Because they should not have to pay the price for a run-away government that is burdening their futures with debt and displaying an increasing contempt for their civil rights. If America is rocked by the imminent social and economic upheaval that so many forecast, then your children's freedom and safety may depend upon their ability to leave and be immediately welcomed elsewhere. Protect them from statism just as you vaccinate them against disease.

America's War on Children

One front of the war is economic. As of November 16 at 12:38:023 a.m. GMT, the United States debt was $16,248,670,479,820.44 or $51,767.45 per person, including for each child. The debt has increased by billions of dollars a day for the last several years. As your children grow, they become more indebted.

Only one of three outcomes is possible: the debt can be paid through massive inflation and taxation; the interest can continue to be paid through massive inflation and taxation; or, a repudiation can occur. Even if the payment of principal were possible, what's left of the US economy would be destroyed for many years to come. Politicians prefer to pay the interest by placing a ruinous lien upon your children's future earnings. The least palatable option to politicians is repudiation. Nevertheless, a de facto repudiation of debt may occur on a large scale simply because the money is running out. Indeed, repudiation happens in microcosm each time a city declares bankruptcy. But the process will be slow; government will grab every cent it can to keep its crumbling edifice erect.

Consider just one way the death throes of debt are harming your children. The IRS is implementing policies that would allow it to double-tax or confiscate American assets and investments anywhere in the world. Rather than meet expensive reporting requirements, many financial institutions now refuse to deal with Americans even in mundane matters like opening a savings account. A foreign passport, however, means that a college account, a trust fund, or other financial hedges can be opened in your children's names, now or in coming years.

Part of the war on children and parents involves violating civil liberties. The government's view of children's rights revolves around a paranoid crusade to protect them from abuse or neglect, which are broadly defined and are identified through symptoms that include difficulty in sleeping. A simple injury treated by a doctor can prompt an interview with Child Protective Services; such professionals are legally obliged to report the injury to authorities. Parents have become criminal suspects with the state assuming loco parentis and making decisions for the child even over the parents' protest.

The state is a wretched guardian – ask any child who has been institutionalized or gone through the foster system. Now the state is stripping rights away even from well-cared for children. For example, Texas has started to microchip grade-school children with RFIDs to track them from class to class, from the cafeteria to the bathroom. The reason? TV station KENS5 explained: “The district loses $175,000 a day in state funding because of tardy or absent kids…The district bean-counters expect to gain more than $250,000 in attendance revenue from the state, and $1.2 million from Medicaid, because the district will be tracking special-needs kids, too.” Apparently school officials view George Orwell’s Nineteen Eighty-Four as an instruction manual, not a cautionary tale.

America has a particularly brutal record on children. The Equal Justice Initiative reported that “nearly 3000 nationwide have been sentenced to life imprisonment without the possibility of parole. Children as young as 13 years old have been tried as adults and sentenced to die in prison, typically without any consideration of their age or circumstances of the offense.” This is consistent with America being the world's 'leader' in imprisonments with approximately 2.2 million people being currently incarcerated – an increase of over 500% in the past thirty years.

An alternate passport gives options to children and parents.

An American Passport...or not?

Whether to get an American passport as well is a judgment call. The process is intrusive, but there are considerable advantages. Indeed, an American passport is a legal requirement for re-entry into the States. But there is no necessary conflict in holding two passports.

In fact, conferring dual status upon your child while he or she is a child eliminates conflict. According to the State Department, applying for foreign “citizenship” may cause a person to lose American status if the application is voluntary and with the intention of relinquishing American citizenship. Such intention is not likely to be ascribed to a child. Of course, merely maintaining a residency status along with a passport is probably sufficient to offer financial and personal safety.

It may never be easier than right now to procure foreign passports for your family. Certainly, it has never been more necessary.

Wendy McElroy is a renowned individualist anarchist and individualist feminist. She was a co-founder along with Carl Watner and George H. Smith of The Voluntaryist in 1982, and is the author/editor of twelve books, the latest of which is "The Art of Being Free". Follow her work at http://www.wendymcelroy.com.

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2012 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in