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What Are Our Governments Up To Now?
It’s similar to how FATCA works with money. FATCA doesn’t make it illegal to move capital to offshore banking accounts. But it achieves the same effect by imposing onerous regulations that can make it impractical. One way around this can be achieved by setting up an asset protection trust.
As these jurisdictions decline, a corresponding flight of capital has been taking place. Wise investors have been moving their wealth offshore, and as, increasingly, offshore banking accounts have been targeted by these governments, investors have been moving their cash into the harder-to-confiscate forms of asset protection like real estate and precious metals. These two solutions have proven in the past to be the most secure and continue to be.
But … it’s getting crowded, and expat life there can be insular. And the government is considering taxing offshore financial income, a move clearly designed to generate some revenue from all the Yankees who live there.
Vietnam just introduced a whole suite of new incentives for foreign offshore investments, making it much easier to travel and invest in that beautiful country. Offshore company formations and offshore banking accounts are next up in this new jurisdiction.
Faced with a government determined to infringe upon our rights while trying to keep a firm hand in our wealth, we must be willing to find new ways to protect ourselves, whether that’s through offshore investments, a second residence in a foreign country or even just taking more aggressive steps to protect our privacy online.
If you think the dollar is ‘strong’, you really need to understand this.
More importantly, we’ll talk solutions. Because the solutions today are the same as they were three centuries ago: get your money out of a bankrupt system. Start today with an offshore company, an asset protection trust in one jurisdiction with an offshore banking account in another.
Those countries whose governments stay out of your offshore bank account, stay out of your retirement fund and stay out of your other offshore investments to the greatest degree are invariably the safest places for your wealth. Although there are no guarantees, these jurisdictions are less likely to go after your wealth and will be the last to do so, even if other jurisdictions have taken all you have.
History shows that debasing a nation’s currency is one of the easiest and most effective ways for bankrupt governments to plunder their citizens’ wealth, little by little over time. You may want to learn how to hide your money from the government. An asset protection trust utilizing an offshore company formation and offshore banking accounts is highly recommended at this point.
Carl Icahn, a super successful investor who’s the 31st richest person in the world, said this investment is in a bubble. He said that it’s “extremely overheated”… and that “there’s going to be a great run to the exits.”
And this investment isn’t some complex derivative that only Wall Street and hedge funds can buy. Millions of investors hold it in their brokerage accounts. Its time to begin an asset protection plan.
The plain truth is that the American government is bankrupt. Yet very few of our would-be “leaders” seem willing to admit that fact. You might want to start thinking about how to hide your money from the government.