Executive Summary – We now have two nations that we know of that have failed to execute OECD tax treaties according to their model agreement. Panama and Austria. We are of the opinion that if this number can get up to four or five tax havens a full rebellion may take place and these OECD tax treaties will fail. We are not there yet but are watching optimistically.

Background – The OECD (Organization for Economic Cooperation and Development) is driven by high tax countries in need of greater revenue to feed their unprecedented spending programs. Having already bled their populations dry they are trying to find new ways of getting revenue. Eventually anyone with a sub normal IQ will realize that these high tax systems will fail and breakdown. You simply can’t keep increasing spending and taxes. The USA did an admirable job of hoodwinking the world by convincing the world to use its worthless currency as a reserve currency. Those days are rapidly drawing to an end as nations begin to create new asset backed currencies to get away from the USD. The Euro is not really better.

Throughout history without fail ALL fiat monetary systems fall apart and the currency becomes worthless. There has never been a single exception to this rule the only variable is the time it takes. Fiat money enables the shortsighted greedy politicians to continue their reign of spending to get votes. They would rather destroy their country economically than do the right thing and pay the price to fix the economy of their nation. They would rather hold office another few years while destroying their respective nations, than risk not being elected in favor of another politician willing to continue the destructive reign of spending for votes. Survival of the unfittest politicians.

So here we are with nothing but fiat currencies in the world and economies failing. Corrupt politicians trying to fix the depressions by more spending which is like trying to put out a fire by pouring gasoline on it. Guess they have to come up with some sort of a story to make it look like they are trying. In any event the OECD has been compelling nations to agree to their tax treaties thus enabling the high tax countries to wipe out any remaining assets their constituents have been secreting away in offshore tax havens. This would expose these assets to past due taxes, penalties, interest and of course inheritance taxation. It also serves to set aside privacy, which is an important component of any police state.

Austria – Austria, a known tax haven, started to sign the OECD Agreement for sharing of tax information and their parliament failed to ratify it. This sort of constitutional modification required a 2/3 vote, which it failed to get. It is expected that there will be another vote but that does not mean 100% that there will be another vote and it does not mean that it will pass. Austria will now (pre-treaty) share tax information if it is requested inside of a criminal case, think criminal tax fraud, criminal tax evasion, money laundering, fraud, conspiracy to commit fraud and the other usual shopping list of offenses commonly used or fabricated when a high tax country is after someone and smells money. We prefer to use Guatemala for banking and corporations, which will not share tax information even if it is a criminal tax case. We are watching closely to see how this progresses.

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