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Facebook Founder Flees America For Singapore Renouncing His U.S. Citizenship In An Emerging Pattern
May 12. 2012
According to mainstream press reports, multi-billionaire, Eduardo Saverin, the man whose mathematical code was used to build social networking website, Facebook, has renounced his U.S. citizenship acquired in 1998 and moved to Singapore. The Academy Award winning film "The Social Network" exposed the fact that Brazilian born Saverin, who moved to America as a teenager, used money from his dad to start Facebook, but was later robbed.
Saverin met Facebook co-founder, Mark Zuckerberg, the face of the company, at Harvard University, where the two were roommates. Saverin later sued Zuckerberg for trying to push him out of Facebook to steal all the profits and credit, which would not have been possible without Saverin's money or mathematical prowess, via a detailed algorithm he authored.
Zuckerberg also stole the idea for the Facebook website from fellow Harvard students, the millionaire Winklevoss twins, who sued him in court. They were given a settlement, nowhere near what they deserved, but this was due to the fact Zuckerberg lied about the value of the company. The case was reopened but corruptly closed by the court.
The brilliant Saverin left America on April 30, 2012, to start a new life in Singapore, opting to invest in Asian markets and live there "indefinitely." Saverin currently has two companies. There is an emerging trend of brilliant businesspeople leaving the United States, to start lives and businesses in other nations, as the financial climate has become very difficult to maneuver, with no support from the court system or federal law enforcement in the event there is a problem.
The Obama Administration has done very little to stem this new "brain drain" from the nation, as he is preoccupied with his "green" religion of solar power and promoting gay marriage. At the end of the day, if the financial sector is not booming, there will be no money for "green" initiatives or anything else. Please understand that and let it sink in. Realize what it means and the risks facing you as a government. No money, no nothing.
These massive deficits cannot continue. This mass unemployment cannot continue. The nation will collapse under this massive debt and unemployment. You are focusing on the wrong things. As a government, you need to get your priorities in order, if America is to enjoy the unprecedented financial prosperity it had in the past. The past 12 years have been nothing but a lamentable downward spiral.
People give the government advice and they do not listen, running head on into calamity. The Judiciary Report is on the side of truth and it has been sorely absent in the past two administrations. Over the past decade it has eroded the U.S. economy to astonishing degrees.
The Judiciary Report suggested cutting the deficit, the Obama Administration did not do it, which turned out very badly (Obama Calls For Job Summit and GDP Data Shows The Recovery Failed). The Judiciary Report suggested making stimulus tax dollars stretch in creating jobs, the Obama Administration did not do it, which turned out very badly (Obama Calls For Job Summit). The Judiciary Report suggested the Obama Administration avoid solar and nonessential initiatives, the government did not do it, which turned out very badly (
The Judiciary Report suggest the Obama Administration allow U.S. corporate giants to repatriate nearly a trillion dollars to American shores, with tax forgiveness, the president didn't do it, which turned out very badly, as all that money is working for foreign economies, not America. The type of interest accruing on that money, giving foreign banks capital to work with and move around, could have benefited America, but as usual, the Obama Administration did not listen.
It would have been better for the U.S. economy had the money been in American banks in the States, because the aforementioned corporate giants lose nothing in keeping the money abroad where it is working for other nations. When they choose banks that do not do business in America, they are not subject to American law and do not have to report anything to the Obama Administration. Thus, there is no fear of legal penalty.
The Social Network" movie
The Obama Administration has made it very difficult to do business in America, but unwisely believes it's okay, not processing the fact businesspeople can leave and take billions in assets, projects and ideas with them. Then America loses out, all because of a stubborn, unthinking administration that refuses to make things right in the corporate and legal sectors. It is going to add up.
Life is too short. People don't want to go through all that hassle and harassment, as the Obama Administration has been vindictive. People would rather work peacefully and spend their free time enjoying quality time with their family - not worrying about an administration's unorthodox and sometimes unlawful maneuvers, plotting and interfering in their businesses. The American people are going to hold Obama accountable for said "brain drain." So will history.
It is being reported that fellow Democrat and former President Bill Clinton, referred to Obama as "an amateur" for his political and economic failings. Obama is not being smart about a number of issues that are going to come back to haunt him and the government for generations to come. You can lead a horse to water...
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