This blog is focused primarily on the liabilities of U.S. citizenship. U.S. citizenship is a liability because of the enormous number of unfair regulations imposed on U.S. citizens abroad. The U.S. government has burdened U.S. citizens abroad with such a regulatory stranglehold that few can afford to maintain U.S. citizenship. Renunciations of U.S. citizenship are soaring and widely seen as necessary as a form of protection from the U.S. government – a government that seems to be “hell bent” on destroying its citizens abroad. The U.S. government seems incapable of making the connection between its trade deficit and having U.S. citizens “on the ground” in other countries selling U.S. products. But who cares about U.S. citizens abroad? As a good American, I certainly don’t. How could anybody have the temerity to leave the homeland? After all, the best place for Americans is in America. (Only kidding)
That said, it is also clear that the government is imposing excessive burdens on Homelanders. The U.S. economy is in the dumps. This was largely caused by bad mortgages. By “bad mortgages” I mean mortgages that were the offered by banks who had reason to believe that the borrowers could not pay the money back. But, why would the banks care? After all many of the mortgages were guaranteed by the U.S. government.
Here is an interesting video that explains how mortgages led to the 2008 Global financial crisis. Continue reading