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 […]
Tax on equity trades could destroy financial markets
After reading this recent piece on Bloomberg, I was utterly disgusted. I just don’t understand how our policy makers can continue to pursue such terrible decisions. Certainly the country is still in financial turmoil and there is a need to raise funds to support the budgets, but this tax on equity trades may very well […]
State of the Union – protect your assets now
I am currently living outside of the US, 7 hours ahead of the east coast so I watched Obama’s State of the Union speech this morning on youtube. I considered staying up until 4am last night just to watch it because his speeches, whether you agree with them or not, have significant impact on the […]
How to defer income taxes indefinetely…
I know that headline is a bold statement, but I have been researching this for quite a while and there is a way for US citizens to defer income taxes on business income. While this program is certainly not for everyone, for those of you that meet all the requirements, this can be huge. Let […]
The Perverse Tax System in the US
In the US, you have the highest corporate tax rate in the world, one of the highest progressive personal tax rates, tax on your savings, tax on your dividends (after they have already been taxed!!!), and tax on every other productive activity I can think of. Here in Estonia, there is no corporate tax, 21% […]
2 ways to move assets offshore without reporting – pt 2
As I mentioned in my previous post, there are two ways. The other is holding precious metals in an offshore vault. Gold has historically been a consistent use of money and will continue to be used that way long after we are gone. Paper money no longer has any value and is only guaranteed by […]
2 ways to move assets offshore without reporting – pt 1
There are only two ways to move assets offshore for US citizens without having to report them to the IRS; real estate and precious metals. Now keep in mind that all US citizens and residents are required to report any worldwide income regardless of where you live. So if you were thinking about buying that […]
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 […]
We need 250 politicians like this
This is a must watch video. While I rarely come across a politician I can support, this is the type of congressional canidates we need more of. Lieutenant Colonel Allen West from Atlanta speaks from the heart and not from a teleprompter.
