Move Your Money Out of the Country... and Soon - the elitez bolshevikz rob the people with BO'z 666gov evilz - USA destroyed into a new 666bolshevikz elitez ussr :-( -
By the editors of Without Borders from Casey Research Mar 30, 2009
Things are getting uncomfortable for individuals and corporations looking to deposit their money in tax havens around the world. Just recently, Congress introduced the so-called "Stop Tax Haven Abuse Act," which is designed to do away with the privacy afforded by doing business or investing outside the U.S. and to eliminate or reduce tax benefits available offshore. Simon Black and Fitzroy McLean, ex-CIA operatives, investment pros, and globe-trotting editors of Casey Research's Without Borders, weigh in with their no-holds-barred opinion on the topic...
We are patriots. We have proudly served in our country's military, have extended a helping hand to its public sector, and have plowed our entrepreneurial enterprise into its once fertile soil. We love America, but these days, America does not love us back. It takes without giving and squelches free enterprise. These days, America is no longer the land of the free, especially when it comes to the market.
Just look at the headlines, seemingly ripped from the pages of Atlas Shrugged: Unconscionably large bank bailouts. Punishing regulations and tax requirements. An arctic business climate. Government money bombs. Riots and protests. Slowing trade. Protectionist rhetoric. Demonized corporate executives. Even pirates hijacking cargo ships. One can guess what will happen next.
We predict the next several years will usher in larger, more obtrusive governments, resulting in a decline of personal liberty and financial privacy. The world will become increasingly polarized between two groups: those who consider government intervention a great idea, and the rest of us who happen to be sane.
As such, you can bet your last falling dollar on some absolute certainties: bank nationalization is a given, at least de facto if not de jure; taxes are going up on those of us with any money left; the Fed's money blitzkriegs will spark a blaze of inflation; and financial privacy will be a thing of the past in the United States.
The obvious and necessary solution is to position one's finances outside of the United States, and to do so now, while the narrow and finite window of opportunity is still open.
To be clear, evading (or even avoiding) taxes at this point is not a wise move, given the size and scope of the ever-growing IRS. But there are significant advantages to expatriating your capital now:
For starters, you will actually have control of your own money. Yes, in certain instances you'll be obliged to tell the IRS exactly where it is and what you're doing with it, but no government agency will have the authority to reach into your overseas pocket and freeze or expropriate (read: steal) on a whim just so Team Obama can give it away to pay for someone else's McMansion. Plus, when exchange controls are implemented and Americans are forbidden from wiring money overseas, your capital will already be secured in another jurisdiction, where you will be free to do what you want with it.
Secondly, you will no longer have to assume the risk of insolvent banks or go through the hassle of petitioning the government to get your FDIC insurance bailout. Many overseas banks are far better capitalized than those in the United States, and some of them are in jurisdictions with constitutionally protected banking privacy.
Lastly, and probably most importantly, moving money overseas gives you a last chance at diversifying out of the dollar, which, in a very short period of time, will barely be worth the paper on which it's printed.
Bank and Brokerage Accounts
Opening a foreign bank or brokerage account is easier said than done; the United States government severely restricts where and under what terms you can open a bank account, invest in a fund, or engage in other economic activities that facilitate the protection of and access to your assets. As the signatory on an overseas account, you are required by law to inform the federal government on Treasury form TDF 90.22 by the end of June each year. Ostensibly, this has been done in the name of fighting money laundering, but it has the effect of severely restricting your freedom of financial movement.
Many foreign banks simply won't work with you... don't worry, it's nothing personal. Uncle Sam has been beating them down since the Reagan years, and between Qualified Intermediary rules, tax treaties, and the USA PATRIOT Act, Sammy gives himself a lot of regulation to bury the opposition with.
There are some jurisdictions that are still excellent banking centers; Switzerland may have rolled over, but Panama, Uruguay, Singapore, and the United Arab Emirates have thus far ignored the call for "greater transparency" (read: government access to private finance).
Some individual banks, like Credicorp and Global Bank in Panama, or Banco Itau in Uruguay will not work with U.S. citizens anymore, but there is still opportunity with the hundreds of remaining banks in these jurisdictions.
Similarly, opening a foreign brokerage account is a shrewd move, not only to move your money overseas but also to have greater access to financial markets. Remember when world markets tanked on Martin Luther King Day 2008? If you were a U.S.-based investor and wanted to sell, sell, sell, you had to wait a full 24 hours until the markets opened after the holiday on Tuesday morning. If you had been invested with global depository shares through a foreign brokerage, you could have saved yourself several points and gotten out in time.
We would suggest looking at Verdmont Capital in Panama, and Saxo Bank in Denmark.
Bullion Storage
If you have gold, it would be highly beneficial to get it out of the U.S. - stat. If you do keep it in the U.S., your only truly reliable and private option is to store it yourself in a safe that you bury in your backyard. Otherwise, move it out of the U.S. now before Team Obama pulls an FDR and takes your gold from you.
At the moment, gold is not considered a monetary instrument by the U.S. Customs and Border Patrol, so there is no legal requirement to declare your bullion upon leaving the United States. Some countries, like Taiwan and Uruguay, require you to declare gold in excess of a certain value to customs officials upon entry.
We recommend Panama, Austria, Switzerland, and the United Arab Emirates as locations to store bullion; one particular favorite is a location called Das Safe (www.dassafe.com) in Vienna where anonymous safes start at 400 euro/year.
Real Estate
It might sound counterintuitive after the subprime debacle, but real estate is a sound option for moving money outside of the United States; there are zero reporting requirements. It's your business where you own property, and (so far) no one else's. You can purchase property in a private way by setting up a corporate structure to hold the assets so that they're not in your name (Panama is an excellent jurisdiction to set this up), and although there are many places with depressed real estate markets, there are also many with good growth potential: in Latin America, we would recommend Panama, Colombia, Uruguay, and Chile. In Europe: Slovakia, Albania, and Poland. In the rest of the world: Lebanon, Hainan Island (China), the Philippines, Cambodia, and New Zealand.
Time is of the essence - start looking for your safe haven now.
Without Borders is Casey Research's monthly newsletter dedicated to finding the best global investment opportunities and the most beautiful places to live and do business.
If you are interested in specific strategies for moving money overseas and diversifying out of the dollar - whether it's overseas bank accounts, real estate purchases, commodity currencies, or offshore brokerages - Fitzroy McLean and Simon Black tell you the safest and most robust places to park your dollars while they're still strong and widely accepted... places that will keep your personal economy strong even as the dollar and the U.S. economy suffer. They investigate outstanding investment opportunities, companies, and stocks you won't hear about on CNBC as well as lucrative overseas deals that they themselves scope out and test.
If you want to think, invest, and live outside the box, test Without Borders now risk-free - via our 3-month trial subscription with 100% money-back guarantee. Click here to learn more.
###
Casey Archives
321gold Ltd
BanditO'z Gun-Grabbing 666Crime Bosses Inc. 1 of 5 -
The Soft Panic of 2009 Has Just Begun Posted April 3rd, 2009 by Bonhomme Richard
A Bigger Shoe to Drop
[Snipped]
Billionaire hedge fund investor George Soros sees it coming. He says, “CRE has not yet fallen in value. It is inevitable, it is written, everybody knows it, there are already some transactions which reflect and anticipate it, so we know, they will drop at least 30 percent.”
A CRE crash would require an additional $250 billion (or more) bailout from the government. That’s another big number that Congress is going to have to muster up the political will to pass. Or the Fed will just cover it. Either way, it’s an ugly scenario shaping up. And one industry (insurance companies) will likely pay a big price.
that's over and above the 500 Tons of the peoples Gold robbed from the central banks -
666 to give the people bigger massive tax burdens -
Stunning new evidence of manipulation in silver and gold has just been published by the Office of the Comptroller of the Currency (OCC), a bureau of the U.S. Treasury Department.
Alex Jones Show - Emanuel & Obama - Gun-Grabbing Crime Bosses Inc. 1 of 5 -
Christians don't ever participate in the 666elitez bolshevikz - evilz of banksterz satanz recessionz or depressionz - the 666 force down on us - let thydemonz be in their own 666firez - don't go in it -
Europe’s Answer to the Financial Crisis?: Bigger (bolshevikz 666)Government - (only bolshevikz are asked and only their opinonz in the mediaz) :-(
Ex.. By Examiner Editorial - 4/16/09 Unwarranted secrecy regarding the largest disbursement of public funds in U.S. history continues in the executive branch.
So Congress should finally exercise its oversight authority and find out where every last bailout dollar has been spent. Three major news organizations – Bloomberg News, Fox Business News, and The New York Times - had to file lawsuits against the Treasury Department and the Federal Reserve Board after they were refused bailout documents requested under the Freedom of Information Act (FOIA).
All three were stiffed by an administration that failed to deliver on a promise of more government transparency and accountability.
In response to its lawsuit seeking compensation agreements between the government and two of the largest bailout recipients, Fox finally received 10,096 pages of heavily redacted documents from Treasury showing that “virtually all the details of the bailout were worked out among a handful of lawyers.” Good. Congress just needs a handful of subpoenas to get to the bottom of it. --
Ex.. So-called bolsheviks “communist” Cuba is no longer a threat to the United States - ? -
- so what about all the American properties in Cuba used to be owned by Americans and robbed from American people and American companies by the bolshevikz Fidel Castro communists -
No compensations have never been made to Americans for their properties -
No compensations made by the by the gypsy bolksheviks communists robberies made of Fidel Castro bolsheviks communistic 666gov.?
Is the same going to happen over the USA or is it happening - by the bolsheviks banksters who got the American peoples money - given to the banksters by the BanditO's bolsheviks gypsy new ussr 666circuz? -
The elitez BO robbing the US people of their homes to push so many to live in tent and campers in the new US gypsy circuz townz?
Bank bailout may hurt taxpayers, be open to fraud - (elitez BanditO's bolshevikz plundered the people, we don't need any of the elitez banksterz?) - Ex..Credit Unions devide the profit to members - its a 100% better solution ! imo. --
Please Join National and Local End the Fed! Organizing Groups To add yourself as a Local Organizer contact or to add your group to the Local Organizing Groups Directory, please Email Us -
Who is running America? Have you ever asked that question?
Under the doctrine of Parens Patriae, "Government As Parent", as a result of the manipulated bankruptcy of the United States of America in 1930, ALL the assets of the American people, their person, and of our country itself are held by the Depository Trust Corporation at 55 Water Street, NY, NY, secured by UCC Commercial Liens, which are then monetized as "debt money" by the Federal Reserve. It may interest you to know that under the umbrella of the Depository Trust Corporation lies the CEDE Corporation, the Federal Reserve Corporation and the American Bar Association, the legal arm of the banking interests.
Now you know who is running America!
You might want to take exception to the name on the marquee at the entrance to 55 Water Street. . . . "Tower of Power" . . . ???
Did you ever hear of the Independent Treasury Act of 1921? No, you say.... Hmmmmmmm....?
The Independent Treasury Act of 1921 suspended the de jure (meaning "by right of legal establishment") Treasury Department of the United States government. Our Congress turned the treasury department over to a private corporation, the Federal Reserve and their agents. The bulk of the ownership of the Federal Reserve System, a very well kept secret from the American Citizen, is held by these banking interests:
Rothschild Bank of London
Rothschild Bank of Berlin
Warburg Bank of Hamburg
Warburg Bank of Amsterdam
Lazard Brothers of Paris
Israel Moses Seif Banks of Italy
Chase Manhattan Bank of New York
Goldman, Sachs of New York
Lehman Brothers of New York
Kuhn Loeb Bank of New York
The Federal Reserve is at the root of most of our present laws. Basically, the Federal Reserve is the "STATE" of the United States.
See "Our Enemy, The STATE" by Albert J. Nock - 1935, his Classic Critique Distinguishing "Government" from the "STATE."
See Also Charts in Text Format of Interlocking Directorships and Family Linkages taken from "Federal Reserve Directors: A Study of Corporate and Banking Influence. Staff Report, Committee on Banking, Currency and Housing, House of Representatives, 94th Congress, 2nd Session, August 1976."
It is truly amazing how much news the American news media chooses to ignore. If one wants to discover what is actually going on in the world, he or she often has to go to the foreign press. This has again been the case with a story that every American should be extremely interested in, but which has been totally ignored by the American news media. I found this story in Russia Today.
According to RussiaToday.com, "The personal computer may soon be not-so-private, with the U.S. and some European nations working on laws allowing them access to search the content held on a person's hard drive.
"President Obama's administration is keeping unusually tight-lipped on the details, which is raising concerns among computer users and liberty activists."
The report also states, "In extreme secrecy from the public, the United States is hammering out an international copyright treaty with several other countries and the European Union. Under the Anti-Counterfeiting Trade Agreement (or ACTA), governments will get sweeping new powers to search and seize material thought to be in breach of copyright. But why all the secrecy?"
Russia Today quotes Richard Stallman, prominent American software freedom activist, as saying, "Democracy gets bypassed and they can do to us whatever they want. I can only guess that it's going to be nasty, because if it weren't going to be nasty, they wouldn't need to keep it a secret."
The report also said, "Up until now, the breach of copyright has been a civil matter. The Obama administration seems to now want to criminalize it."
The report continued saying, "Some say modern America is being overtaken by a culture of surveillance."
A culture of surveillance indeed. What began in earnest under former President George W. Bush is now sharply escalating under President Barack Obama.
According to Ecommerce Journal, President Obama and his Big Brother fellow travelers in Congress are seeking power to "cut the whole world off the Internet." The report says, "Senators John Rockefeller and Olympia Snowe proposed the Cybersecurity Act that would create the Office of the National Cybersecurity Advisor. Its powers are detailed in the The Cybersecurity Act of 2009.
"If the President so chooses, he can call a 'cybersecurity emergency' and shut down or limit any 'net traffic or a 'critical' network 'in the name of national security,' though the bill fails to provide concrete definitions on what is 'critical' or what constitutes an 'emergency.'"
The report goes on to say, "This new legislation seeks to give even more power to the government to regulate the Internet and, in future, the possibility to regulate content and usage. What begins as a method of defeating terrorism and protecting telecommunications, can quickly become a method to regulate 'hate speech' to assign 'motive' or 'intent' to harm and even to regulate and legislate the flow of information that is deemed by the 'thought police' to be inflammatory or counter-productive to their cause."
The report says that the new cybersecurity legislation can be a "framework for future, more invasive legislation. It is a first step to the loss of internet privacy, free speech and the free flow of information."
So, once again, the passing of a Republican Presidential administration and the advent of a Democratic Presidential administration have resulted in zero change in the overall direction of the ship of state. In the name of "national security," the federal government of this country continues to deepen its commitment to what can only be described as a police-state mentality. And, once again, the national news media in America chooses to ignore the story, and by so doing, shows willful compliance with this disturbing phenomenon.
I wonder how many Obama supporters are paying attention?
During the Bush years, my "conservative" brethren (especially the ones calling themselves Christians) repeatedly turned a blind eye and deaf ear to the myriad foibles and falsehoods, and frequent fraudulence of President Bush because he was a Republican. Now we will see how many Obama supporters will look the other way in order to protect President Obama because he is a Democrat. I suspect most of them will show themselves of no better character than the Bush supporters.
Consider: Obama promised to end the war in Iraq. But what has he done since being elected? He merely moved the major combat theater to Afghanistan. He is even in the process of escalating the war in Afghanistan to possibly include Pakistan. So, where are the "peacenik" liberals who supported Obama? Why do they not loudly proclaim their opposition, as they did when Bush was in office?
Furthermore, Obama criticized Bush's undisciplined deficit spending, but what has he done since becoming President? He has deeply expanded Bush's failed financial policy of excessive deficit spending. Again, where are all the loud voices of protest?
George Bush wanted amnesty for illegal aliens. Barack Obama wants amnesty for illegal aliens. George Bush supported the assault weapons ban. Barack Obama supports the assault weapons ban. George Bush wanted to limit the legal rights of certain people charged with crimes. Well, friends, Barack Obama also wants to limit the rights of people charged with crimes.
Just last week, an Associated Press report stated, "The Obama administration is asking the Supreme Court to overrule long-standing law that stops police from initiating questions unless a defendant's lawyer is present, another stark example of the White House seeking to limit rather than expand rights.
"The administration's action--and several others--have disappointed civil rights and civil liberties groups that expected President Barack Obama to reverse the policies of his Republican predecessor, George W. Bush, after the Democrat's call for change during the 2008 campaign."
So, where are Obama's supporters who thought they were voting for change? Will they do nothing, as did Bush's supporters, and accept this abridgment of personal liberty, simply because "their man" is in the White House? Probably.
In addition, George Bush created a Big-Government monster known as the Department of Homeland Security (DHS). Can there be any doubt that DHS is in the process of manufacturing a ubiquitous surveillance society that eavesdrops, snoops, and monitors virtually our entire lives? And what does Barack Obama do immediately after assuming office? He multiplies and expands the surveillance society to even greater degrees. So again I ask, where are all the Bush critics to denounce Barack Obama's draconian anti-privacy, anti-freedom policies?
The Internet is the last best source of free and independent information left. Think where the liberty movement would be without the Internet. But even as we speak, President Obama and his allies in Congress are attempting to obtain the authority to censor information on--and curtail access to--the Internet. Plus, in the name of "cybersecurity," they are plotting to obtain the authority to monitor and seize anyone's personal computer at will.
The Russia Today report is right: we do have a culture of surveillance. We also have a culture of cowardice by people from both sides of the political aisle who, in the name of partisan politics, are willfully accommodating and facilitating the demise of this constitutional republic.
*If you appreciate this column and want to help me distribute these editorial opinions to an ever-growing audience, donations may now be made by credit card, check, or Money Order. Use this link:
Market Data 
Markets 
AI
