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268
Puerto Rican Bank operated by Peter Schiff has been shut down by authorities amid a global money-laundering & tax evasion scheme investigation by IRS. (mobile.twitter.com)
posted 4 years ago by WeekoWolf 4 years ago by WeekoWolf +268 / -0
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Comments (30)
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▲ 30 ▼
– Tewdryg 30 points 4 years ago +30 / -0

Don't believe the narrative. This smells high to heaven and is most likely a FBI/IRS fabricated crime.

Peter D. Schiff credits his father for introducing him to the Austrian School of economic thought. In this context, he echoes Ron Paul's economic philosophy. The Rothschild fractional banking system is no friend to Austrian School of Economics.

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– cryofreeze 24 points 4 years ago +24 / -0

Man...this isn't the Schiff we want investigated...

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– WillWorkFor556 12 points 4 years ago +12 / -0

Yeah, I actually really like Peter Schiff. I'd bet he was singled out because of his views, but I guess on the surface this doesn't surprise me because he's pretty based and doesn't believe in over taxation. God speed to ya, Peter.

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– cryofreeze 6 points 4 years ago +6 / -0

His dad Irwin Schiff is interesting. I like both Peter and Irwin.

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– WeAreThePlan 3 points 4 years ago +3 / -0

Yeah, it needs to be the one with the skinny neck.

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– BigFreedomBoner 21 points 4 years ago +21 / -0

His dad, Irwin, was a tax protesting hero. Real deal.

BS charges.

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– DarQ2light 12 points 4 years ago +12 / -0

He's probably doing something right. FUK THE IRS. 🙂

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– Lugnut307 9 points 4 years ago +9 / -0

DS is trying to shut him down would be my guess. He is a big "End the Fed" guy

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– CasuallyObservant 8 points 4 years ago +8 / -0

Is he related to Adam?

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– Tewdryg 22 points 4 years ago +22 / -0

No, Peter D. Schiff credits his father for introducing him to the Austrian School of economic thought. In this context, he echoes Ron Paul's economic philosophy. The Rothschild fractional banking system is no friend to Austrian School of Economics. His father was Irwin Schiff who died in prison on a trumped up and false crime of tax evasion. Irwin Schiff used the IRS Code and federal law as it is plainly written for tax write offs. By use of an IRS star chamber court, Irwin was convicted to 13 years in prison for promoting his book -- "The Great Income Tax Hoax: Why You Can Immediately Stop Paying This Illegally Enforced Tax". It was a book that revealed the underbelly of the IRS fraud on the American people. Peter Schiff referred to his father's incarceration as a "political prisoner". Four days after the death of his father, Schiff accused the Federal Bureau of Prisons of inhumanely treating his father and not allowing the usual humanitarian release.

It looks like they want to do the same to the son.

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– deleted 5 points 4 years ago +5 / -0
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– deleted 3 points 4 years ago +3 / -0
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– NitroxNova 8 points 4 years ago +8 / -0

when schiff hits the fan

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– motrhed3 3 points 4 years ago +3 / -0

as long as its the right schiff.

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– ersatz 7 points 4 years ago +7 / -0

The man is a patriot. I know immediately this is deep state BS. He's probably just the wrong person exploiting legal tax laws for his clients.

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– WeekoWolf [S] 6 points 4 years ago +6 / -0

Digging to find more...

https://www.accountingtoday.com/news/irs-involved-in-shutdown-of-bank-for-tax-evasion-and-money-laundering

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– TrvthS33k3r 5 points 4 years ago +5 / -0

For those whom might not be aware of the tax evasion structure that exist in Puerto Rico. Essentially its a Tax Haven within US jurisdiction since Puerto Rico is a common-wealth.

Link: Tax incentives for external investors in PR

Link: Nine Tax Facts about Puerto Rico Act 60 Requirements

This allows for the local government to benefit from pay to play kickback system that favors non-residents. While Puerto Ricans residents are taxed their life savings stiffening their buying power & having to work multiple minimum wage jobs to be able to put food on their table. The corruption on the island is astonishing. The people of PR are great people . Its just unfortunate they have such a horrible government structure. Corruption at all levels.

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– KickingPugilist 4 points 4 years ago +4 / -0

I'm heading there next month. Loved it the first time around.

Puerto Ricans > Newyoricans

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– TrvthS33k3r 2 points 3 years ago +2 / -0

Definitely! Two different breeds. Islanders are the real deal.

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– TaQo 5 points 4 years ago +5 / -0

Isn't the irs a private company based out of Puerto Rico?

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– Lugnut307 1 point 4 years ago +1 / -0

mhmm :)

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– WeekoWolf [S] 4 points 4 years ago +4 / -0

https://en.cryptonomist.ch/2022/07/04/authorities-bank-owned-peter-schiff/

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– deleted 4 points 4 years ago +4 / -0
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– WeAreThePlan 4 points 4 years ago +4 / -0

What's weird about this is how 'bout all the globalists who money launder and tax evade all the damn time? They have turned it into an art form. Why would it be one dude?

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– pec9019 4 points 4 years ago +4 / -0

Stopped paying attention to Peter a couple years ago. He’s good at speaking in a way to hold attention with all his urgent messages. But over time I realized it’s just sales pitch. Then I started getting a weird vibe. Just a gold peddler.

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– Gesirisi 4 points 4 years ago +4 / -0

I dont think he's a peddler, I think he's absolutely correct and fully believes in what he does, not just out to make money. What bothered me is that he doesn't see the conspiracy side of things. "Why would the Fed do this, they are so stupid!" They ain't stupid. But his financial analysis is spot on.

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– pec9019 1 point 4 years ago +1 / -0

Once you realize they aren’t stupid, it’s all planned, you have no need to be on the edge of your seat waiting for people like Schiff to tell you what will happen next. You just defined a peddler.

A peddler can believe the root of their message. They dramatize it to keep you watching and listening in hopes eventually you buy their product.

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– Gesirisi 2 points 4 years ago +2 / -0

I think he legitimately believes that when the economy crashes, gold will skyrocket. I think its his life's mission to spread his message. Schiff was my biggest Redpill dispenser. I listened to his podcast for years every single day. The things I learned about minimum wage, small government, America, economics, taxation, it was a free college education I got all while sweeping floors at work. So we can agree to disagree on calling him a peddler. I have such a love for the guy, he really taught me so much. I can't recommend his work enough to people who have never heard of him. But he does repeat his message a LOT after a while. Thats why I stopped listening.

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– KickingPugilist 2 points 4 years ago +2 / -0

What's wrong with investing in gold, the same bullion that the banks hold a ton of because Fiat is bullshit.

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– bubble_bursts 2 points 4 years ago +2 / -0

Apparently this guy has always been shitting on the decentralised currencies, and now finding the pointy end of the centralisation pointed at him!

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