Tag Archive: Treasury Department

The Great Risk of So Many Dinosaurs

The Treasury Borrowing Advisory Committee (TBAC) was established a long time ago in the maelstrom of World War II budgetary as well as wartime conflagration. That made sense. To fight all over the world, the government required creative help in figuring out how to sell an amount of bonds it hadn’t needed (in proportional terms) since the Civil War. A twenty-person committee made up of money dealer bank professionals and leaders was one of the few...

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Trump Is Set To Label China A “Currency Manipulator”: What Happens Then?

While China has been banging the nationalist drums in its government-owned tabloids, warning daily of the adverse consequences to the US from either a trade war, or from Trump's violating the "One China" policy, a more tangible concern for deteriorating relations between China and the US is that Trump could, and most likely will, brand China a currency manipulator shortly after taking over the the Oval Office.

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Un-Becoming American – One Man’s Painful Journey To Renouncing Citizenship

In April 2012, I returned to Switzerland – my country of birth – to commence a new phase of my adult life. Naturally, one of the first steps to undertake when establishing oneself in a new country is to open a bank account. I went down to the local Raiffeisen bank branch in the village of Aesch, Luzern, where my relatives and ancestors had lived and worked as farmers for over 10 generations.

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65-Year-Old Swiss Native Lost His Life’s Savings For Failing To File A Form to the US

Submitted by Simon Black via SovereignMan.com, By all accounts Bernhard Gubser was living the American Dream. Born in Switzerland he moved to the Land of the Free in the early 1980s to work at an international shipping company based in Laredo, Texas....

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