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 […]
Currency controls – Part 2
In the future, we may be restricted from wire transfers, cash transactions, owned foreign businesses, or many other controls policymakers can conjure up. There is already discussion about any transfer of funds over $1,000,000 requiring approval from the US Treasury Department. What if they decide to block your transfer of funds? A more serious threat […]
US citizens need to prepare for currency controls – Part 1
There has been some talk lately about future currency controls in the US. What we don’t realize is that we already have currency controls. Have you ever flown outside of the US and had to fill out that form asking you to declare any currency over $10,000? Do you know why they want to know […]
