Global Escape Hatch

I want to begin this newsletter by wishing all of my friends, family and readers around the world a happy holidays.  There are a myriad of winter traditions celebrated around the world on a variety of days ranging from Saint Nicholas Day on December 6th, Hanukkah from December 20-28th, Catholic or Protestant Christmas on December […]

What is Asset Protection?

This week I felt it would be important to address the topic, “What is Asset Protection?”  While you clearly have some idea what is involved in asset protection planning, I frequently get this question or some derivation thereof. The quick and simple answer is that asset protection is a means of protecting your assets from […]

Pecan Pie, Gold, and Tryptophan Comas

Time for a Golden Turkey – Asset Protection Planning First of all, I want to wish a Happy Thanksgiving to all of my American readers.  I hope you all have a very enjoyable holiday filled with friends, family and tryptophan induced comas. I will keep this newsletter short and sweet.  Quite frankly there are probably […]

More Incestuous than a West Virginia Coal Town

A couple of days ago, a very good friend of mine, Greg, emailed me about the recent emails I have been sending out to my readers.  Essentially, he said I was screwing up.  His complaint was the recent emails promoting the products of other companies and how it was diluting my message. Greg is a […]

The Dead Hedge Fund Manager Bounce

If you read my letter last week, you know I have now escaped from America.  Last week we moved to Riga, Latvia.  It was a hellish plane ride riddled with delays, running through the airport baggage bouncing behind, barely making connections, and lost luggage.  You name it, it went wrong. Now that we are settled […]

I’m Not Chicken Little

Last night I was working a bit on the computer on a couple of new projects. I found years ago that running multiple monitors dramatically increases my productivity. I keep various tasks on the monitors eliminating the need to switch back and forth. It really is a time saver. On one of the monitors I […]

Can I Buy You a Drink?

Sometimes I feel like we are living in George Orwell’s “1984”. Over the past few weeks we have now heard Obama and Geitner call for a major overhaul of the US tax code with an emphasis on LOWERING the corporate tax rate. Wait a minute. Didn’t we just spend the last few months listening to […]

Russia to Diversify out of US Dollars

According to a recent Bloomberg article, Russia is adding Australian and Canadian dollars to its international reserves.  The Russian central bank deputy chairman, Alexei Ulyukayev along with Dmitry Medvedev have recently suggested that the world needs a new reserve currency and the US dollar no longer should be used. Central banks around the world have […]

Obama’s Offshore Vendetta

A few weeks ago I attended the Fonds Fair in Zurich.  I was there primarily to listen to a few key presentations including Jim Rogers speaking on the future of the commodities markets. While at the conference, I also attended a presentation given by the CIO of Blackrock discussing the energy market. It was quite enlightening and […]

Swiss Private Banks Refusing US Clients

This week I am attending an investment conference in Zurich called Fonds 2010.  I spent the day walking through the exhibitor area speaking to Swiss private banks, investment firm managers, hedge fund managers, and most any other type of investment professional you can think of. I approached one unnamed banker and asked if his company […]