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
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Beware Friday the 13th, It's Wealth-looting Day

Politics / Taxes Aug 13, 2010 - 05:50 AM GMT

By: Ron_Holland

Politics

Welcome to Friday the 13th. You may not know why Friday the 13th is considered such an unlucky day, but it's worth learning about for anyone who's concerned about protecting his assets, especially from high taxes and confiscation.


While Obama might be defeated in 2012 and a GOP win would certainly be a slight improvement over the socialist democrats, I see little difference in Democrat or Republican administrations. Only in their election-time rhetoric and the speed at which they travel down the road toward bigger government, higher taxes and national debt do they differ, and only to a slight degree. Between Bush and Obama, for example, there has been little difference in foreign policy, deficit and national debt creation or bailouts except for the identities of the favored recipients of government money. Expect no real changes even if the GOP returns to power with one of its usual champions.

Friday the 13th is like most bad dates; they all have something negative to do with politicians – usually war, street battles or theft. For example, as Americans we all know the evil meaning of April 15th each year or the December 7th attack by Japan. Before the invention of the income tax, politicians and governments stole most of their wealth from groups rather than from their entire population. Small wars and plain old outright confiscation of property on trumped-up crimes and charges were the norm.

Friday 13th gained its association with trouble from such a government enterprise in the year 1307. As today, there was an empire swamped by debt and with a desperate political leadership looking for wealth to steal. The hero in charge was King Phillip the 4th of France, who had earlier stolen most of the wealth of his Jewish subjects. After running through that money, he decided to go after the very wealthy Knights Templar, who had accumulated much wealth and, in their folly (remember this, China), had lent Phillip and the French government far more than they could ever repay.

Phillip developed a secret plan to imprison the entire order in France on Friday 13th, using trumped up charges, then steal their assets and destroy his largest creditor in the same stroke. It worked, at least to the extent that plundering can ever work. He escaped his debts to the Templars and got all of their vast real estate holdings in France – but not their portable property. They were able to secretly move their treasure out of the country, and even today people still search for the lost Templar gold.

So what does the unlucky Friday 13th and King Phillip have to do with your wealth and our modern-day and political system? Quite a bit, actually, as there are several theories about where the lost Templar wealth was hidden and how it was used. The most plausible drop-off location is Scotland. Many historians believe Scotland's King Robert the Bruce won the Battle of Bannockburn, in the first War of Scottish Independence, largely with mounted Knights Templar.

There also is scholarly speculation that some Templars escaped to Switzerland and that remnants fought in the 1315 Battle of Morgarten with the Swiss peasants from the newly independent Swiss forest cantons. Switzerland does have a long history in the wealth protection business.

So part of the Templar gold may well be sitting in a bank vault under the Zurich Bahnhofstrasse, but suffice it to say on this Friday 13th, remember that your wealth is an easy target inside your home country whenever desperate politicians decide they need what is yours.

Ron Holland [send him mail], a retirement consultant, works in Zurich and is a co-editor of the Swiss Mountain Vision Newsletter. He is the author of the special report, "Get Ready To Escape the Obama Retirement Trap" and you can email him for the complete report.

    http://www.lewrockwell.com

    © 2010 Copyright LewRockwell.com - 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