If the past couple of weeks have not convinced you that we are living in the age of the “Great Reset”, then nothing is going to open your eyes.
Public unions all around the Mid West US are now in full tilt protest. Treasury bond auctions are coming up short.
Oil is now at $102 per barrel. Gold is holding above $1400 per ounce. Silver is at 31 year highs.
The entire Middle East seems in complete turmoil with Qaddafi firing on civilians and protesters in Iran getting cagier.
Who can watch the whipsaws in the world stock markets and not come to the conclusion we are in a state of worldwide turmoil? I watched one of my Chinese holdings today go from -13% at open to close at +6%.
There have also been several news stories over the past few weeks indicating a strong crackdown on Americans banking offshore. Over the past 2 years I have seen an increase in banks that no longer want to do business with US clients.
Just recently I spoke to a bank in Singapore on behalf of a client, and was informed that they no longer take clients without a face-to-face meeting.
Now we are watching the political showdown about this year’s federal budget and the threat of a shutdown. (Personally, I would love to see the government shut down for a few days).
Over the past week I attended a conference in Phoenix, Arizona with a very unique concept; each attendee must present on a subject of their expertise.
I have attended many conferences, but due to the unique format, this was like no other. Each attendee must commit to present as part of the condition for attendance. This requires that each member provide value to fellow conference goers.
It was a very eclectic mix of entrepreneurs from all around the US. Represented were;
• Ecommerce retailers
• Real estate investors
• Karate school
• Personal development coach
• Affiliate marketing
• Oil and gas investors
• Hotel owner
• Poker guru
• Tax consultant
• Travel consultant
• And a few others
The range of ages was wide as was the level of business experience level. But each and every one of the attendees had some value to offer to the group. I can honestly say that I learned something of
value from every presentation.
And each one of them are not sitting around waiting on the world to beat a path to their doorstep.
I hope you are also aggressively pursuing opportunities to both expand your wealth but also to protect it.
I gave a presentation to this group that went over the general concepts of asset protection planning for the entrepreneur. I have written about this many times in the past and I think some people think that this type of planning is reserved for the uber-rich.
Certainly if you are very wealthy, you need to properly structure your assets to minimize your risk. However, if you are a business owner or investor and have something to lose, you need to seriously consider some minimal planning.
Some basic asset protection planning tools you should be considering if you are new to the concepts are domestic or offshore LLC’s and offshore banking.
By implementing just a couple of these basic tools, you can dramatically decrease your exposure to risk and begin the process of creating that veil of privacy that makes your assets undetectable.