076bd5a6   
   XPost: can.politics, ott.general   
   From: Canuck57@nospam.com   
      
   On 22/07/2011 11:15 AM, Alan Baggett wrote:   
   > On Jul 22, 11:20 am, Canuck57  wrote:   
   >> On 21/07/2011 11:01 AM, Sum Guy wrote:   
   >>   
   >>   
   >>   
   >>   
   >>   
   >>> Canuck57 wrote:   
   >>   
   >>>> Ask the RCMP, $1000 bills are only used for criminal activities.   
   >>>> No honest activities occur with his volume of cash, the idea   
   >>>> was to keep it from showing on the income account.   
   >>   
   >>> Speak for yourself.   
   >>   
   >>> I've had a few dozen of those $1000 bills in the past.   
   >>   
   >>> And frankly, I'd rather just as well keep my money in cash at home in   
   >>> the form of $1000 bills vs having to split my money up across 3   
   >>> different banks, keeping just under their $100k per account limit.   
   >>   
   >>> The reason why we don't have them any more is not because of organized   
   >>> crime (they much prefer $100 and $50 bills anyways).   
   >>   
   >>> The reason is because too many people with high net worth would hord too   
   >>> much of the money supply and keep their money in that form at home, out   
   >>> of circulation, vs having that money sitting in bank accounts where   
   >>> (theoretically) the banks can loan that money out and keep the wheels of   
   >>> the economy turning (not that that policy is working here in Canada or   
   >>> the USA).   
   >>   
   >> Funny, I would rather keep it in gold in my safety deposit box as not to   
   >> worry about home invasion or theft.   
   >>   
   >> As for hoarding, you can do that electronically and internationally.  In   
   >> fact, offshore outside of Canadian fraud banking you can get 4.5% and up   
   >> interest with AAA asset backed loans.  Panama Canal for example.   
   >   
   >   
   > And that's part 4 and the final part of the BM story - tax havens.   
      
   I must admit, I like the TFSA tax haven the best.  Just wish they would   
   let me put more in.   
      
   In fact, since CRA is probably watching this, and we know Ottawa greed   
   wants more money, they could let us do a RRSP to TFSA rollover like the   
   USA.  Give us a favorable rate of say 10%, dump the whole RRSP/LIRA mess   
   into one big TFSA for one big tax hit.  USA has this and a lot of people   
   used it, rolling the IRA into a ROTH.   
      
   Looking forward to part 4.  I definitely see going offshore as in move   
   out as a possibility.   
      
   --   
   Obama, enslaving Americans with debt-tax slavery for a spending binge.   
   Doesn't even borrow real money, Bernanke just creates it like a   
   counterfeiter. .   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)