Confidential Offshore Financial Services
Since December of last year, my email inbox has been full of inquiries from increasingly worried citizens of the neo-fascist oligarchies to the north. Based on what I’m hearing every day, it’s getting intolerable up there. At the same time, I continually hear the same inaccuracies repeated regarding offshore asset protection, and expatriation.
Big Brother is alive and well at US border crossings. The latest example comes from published accounts describing the recent ordeal of the mayor of Stockton, California, at the San Francisco International Airport.
And so, what we see is a U.S. colony that has offered tax breaks to U.S. citizens if they move there. This will, of course, cause a revenue loss for the U.S. government, which is already on the economic ropes and has created programs to track down U.S. citizens internationally for better collection.
From a personal standpoint, you should preserve capital by owning significant assets outside your native country, because as severe as market risks are, your political risks are much greater.
Keep funds outside of your home country. Having funds held in offshore banking accounts and, even better, in some sort of legal asset protection trust can protect you from a global wealth tax as well as the ever-searching hands of your home tax department.
A big part of this strategy is to place some of your savings outside the immediate reach of the thieving bureaucrats in your home country. Obtaining an offshore bank account is a convenient way to do just that.
Instead of violence and intimidation, why not just work to streamline the tax code and make America more competitive so Americans don’t feel the need to hide money from the IRS?
As always, CNN and the mainstream media will never tell you about it until after it happens. And by then it will be too late for many to protect assets.
This might be a good time to get the lawn furniture in and to close up the shutters. This might be a great time for asset protection.
More important than our financial advice and gains for subscribers, however, is our other advice on getting the majority of your assets outside of the financial system. Asset protection is the name of the game with offshore company formations and offshore banking accounts as the new rules.