Posted: Mon Aug 22, 2005 8:16 pm Post subject: knowing where you are.Good morning.
Many of the problems we have faced in the past and continue to face right now seem to be anchored in misundersandings more than anything else.
Sometime back I started to study off shore investing and methods that are used by a small group of successful people who do nothing more than take advantage of existing international laws in other jurisdictions where many benefits can be had simply by abiding by those laws.
It amazed me that such countries which are known as tax free jurisdictions are actually more law biding than the larger, so called, democtratic countries such as those represented by the members of the OECD group.
Money laundering and drug trafficking is unheard of in tax free jurisdictions because any hint of such, attracts a huge spotlight shed from the media of the larger countries who go out of their way to constantly try and undermine the credibility of these smaller nations. The smaller nations make a good living from attracting international business and simply cannot afford to have their laws broken. Thus anyone caught operating illegally is usually thrown into gaol immediately.
Tax free jurisdictions are being attacked for the simple reason that governments do not want the people to be educated. They do not want people to know that it is not illegal to take their money to another country where interest rates on savings and investments are not only higher but are not taxed.
The reason people should go off-shore is not so much to do with tax however. It is more to do with freedom , privacy and anonymity.
Those are your rights which governments are now removing from you at a huge pace.
As far as tax goes, you are required to pay income tax on overseas earnings - it's in your country's constitution and is therefore a constitutional tax.
On a foot note, income tax on your earnings from within your country is not taxable according to the constitution and is known as an unconstitutional tax.
But DON'T try and tell the government that because unlike you, the government didn't go to school.
I'm getting carried away now . . . .
95% of people are fed misinformation and limited education in order to keep the masses within the boundaries of their country. There they can be manipulated and controlled. Once they start going off shore they become free and the government loses out since it depends highly on income tax to prop up the fact that they don't actually have any money.
America is in debt one trillion dollars. Therfore, it is bankrupt.
So where does it find the money to fund a war, or social support or anthing else?
It can find endless supplies of money by just increasing interest rates on loans or increasing tax on earnings. The government lives much like the people it entraps in the system. Hand to mouth. Day to day. Week to week. Pay packet to pay packet.
Back on the subject -
All you have to realise is that when you took your funds off shore, those funds are now under the control of the laws of another jurisdiction.
You see folks, most of the problems we are experiencing here at I.T. are brought on because many members think that by clicking onto our website and investing into I.T. they have gone down the road to their local broker or bank.
SORRY ! Not correct !
When you invested your funds into I.T. you went off shore.
We are not bound by the laws of any country since we operate from cyberspace and the currency we use is an international currency or e-currency.
When you invest off shore you say good-bye to your country's jurisdiction, soveriegnty and laws and hello to the laws of the country into which you have travelled.
However, we do not exist in any country. Now you know why it is a risky business investing in internet companies who use e-currencies.
We are pretty much like your local shares broker in that we cannot guarantee a specific return even though we may list specify percentage returns.
Since what we offer is dependant on world markets there are no guarantees in essence.
Then, like any other such investment ( using shares as a typical example ), you may make a profit or a loss at your own risk.
So when we hear people cry out for their money, you now understand the position we are in.
THE GOOD NEWS is that I.T. is the first internet company to show determination to remain and do everything it can to pay the members not only their invested amount but to honour the listed percentage return even though that has not been realistic in view of losses and expenses the company has suffered.
Those who do not understand, think that we actually owe such funds. I ask, does the poker machine owe you anything after you've put your $20 in there and got nothing back?
That new business you bought, should it fail, who do you go to for a refund?
Those shares you bought, those managed investment funds, or indeed that house you bought riddled with white ants. Your investment is a risk in almost every case. So stop thinking we owe you money.
THINK INSTEAD, we are a very very lucky bunch indeed to have invested into a company with a Mission Statement to which the BOD have attached themselves to the point that they are determined to carry it out to the benefit of the people and are sensitive to their needs and are not going to close the doors and run away.
If we closed our doors it would be to regroup and rebuild and come back even stronger.
So please understand folks. You are all off shore investors and its time you did some due diligence and studied up on what that means.
There is a world of great opportunity waiting. We can educate you and help you to reach great heights but not before we have dug ourselves out of this hole we are in.
The good news is that we are growing and moving forward.
I hope this helps many of you one way or another.
All we ask is for your support. Great things are planned and we want you to be there and share in the future of I.T.
regards,
Paul
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Remember to dot the " i 's " and cross the " t's ".... it4us is 4 all of us.
Yet another post from T.I.M.
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