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We The People……..We The People – The significance of these words are losing their meaning………Admin/CapeCoral

In Business, Business/Political Trends Worldwide, Constitution of The United States, currency, Government, History, Jobs, Opportunity, Personal, Political, Political parties, Taxes, Travel on June 30, 2011 at 10:07 pm

WE  THE PEOPLE,  the words at the start of one of our most cherished documents are quickly beginning to mean nothing!!!!

  How does that make you feel???? Me, for one, feel really bad…We the people of this great land are being diminished far faster than one can imagine.

We the people, we pay the bills, we fight the wars, we manage to take care of our own as best we can, yet, each passing day dawns with more liberties being torn away by the very people we had confidence in and elected to do our heavy lifting…

The presser that was presented  yesterday at 11:30 AM, was not something that  generated a warm fuzzy feeling internally.  It seemed to be worded as  if to be presented to a nation of “Stepford Wives” who needed to be put back in their place or face the consequences of the “Beltway” crowd.

We the people have let many things slide because of our personal needs, forgetting the country’s needs. The country’s needs have been left to folks, many of whom we trusted to propel our wants into the corridors of our government. However, with the words of yesterday, it seems the corridors have been turned into a maze of twisted turns which not many seem to be able to find their way out of.  This administration seems to always want to diminish the “go getter, go better ” idea and replace it with “go slow and better yet, STOP”.  The picture is ” Nero Fiddles while Rome Burns” only this time it’s more golf and, please don’t forget the Campaign, Oh, here’s the contribution jar too.

We the People, it’s time to get smart before we do not have any time left to get SMART….

God Bless America

One Nation Under GOD, Indivisible, with Liberty and Justice for All

Sovereign Man Notes from the Field Date: June 30, 2011 Reporting From: Andorra la Vella, Andorra

In Continental Travel, Food and Staples, Government, History, Interesting places, Opportunity, Personal, Political, Political parties, Taxes, Travel on June 30, 2011 at 6:34 pm

Sovereign Man

Notes from the Field

Date: June 30, 2011
Reporting From: Andorra la Vella, Andorra

In addition to being one of the most picturesque places on the planet, Andorra is a textbook example of what happens to an economy when a limited government sets up a liberal tax regime.

Like conjuring money out of thin air, taxation is just another form of inflation that either directly or indirectly sticks the end-user consumer with a higher price.

Think about it– when businesses get taxed on their payrolls and profits, it’s consumers who end up paying for it at the cash register. When governments decide to pass sales taxes or increase VAT rates, it’s consumers who end up paying more.

This is theft, plain and simple… a robbery from everyday, hardworking people perpetrated by unproductive bureaucrats. Governments around the world collect trillions of dollars each year by sticking consumers with higher prices, only to go waste it all trying to centrally plan their economies.

In his recent book Daemon, author Daniel Suarez summed this up when he wrote, “Anyone who has ever tried to share pizza with roommates knows that [central planning] cannot ever work. If Lenin and Marx had just shared an apartment, perhaps a hundred million lives might have been spared…”

The major fallacy in politicians’ logic is that if governments can collect enough tax revenue, they will be able to dump it all back into the economy, creating jobs and stimulating growth.

It sounds great in theory, but in practice, government spending is prone to massive misallocations and value distortions… let alone corruption and bribery. This is how we end up with bridges to nowhere, empty cities, expensive wars, and millions of dollars of stimulus money spent on giant signs bragging about how much stimulus money has been spent.

Spain is a great example of how this doesn’t work. For years, the government has been collecting painfully high taxes on earnings, savings, consumption, and death, then plowing this stolen booty back into the economy, effectively becoming the country’s dominant economic force.

Years of misallocations have created dismal economic conditions, as well as a horrible debt crisis.

At this point, the government has nearly run out of cash, the official unemployment rate is north of 20%, and retail prices on the street are rising by the month. So how has the government dealt with such overwhelming economic adversity? By raising taxes, of course… calling the exact same play, even though it never works.

After raising the VAT last year to 18%, personal income rates have been raised to nearly 50% on Spain’s top earners. Even middle-income earners are being taxed now at 37% to 43%. Capital gains rates have also been hiked. Guess what’s going to happen to prices?

You’d think that Spanish politicians would look at their track record and realize that government spending does not buy a one-way ticket on the economic gravy train… especially when low-tax Andorra is just up the road.

Andorra has no direct taxation on individual income, no tax on business profits, no tax on gifts, no tax on inheritances, and limited taxation on consumption (like sales tax or VAT). The net result looks a lot like Switzerland– a bright, clean, beautiful, prosperous country that consistently has some of the world’s lowest unemployment.

It’s not like Andorra is sitting on a huge oil reserve. This place is high up in the Pyrenees Mountains. There’s barely any place to grow a turnip around here, let alone drill for oil. No, Andorra has prospered because the country has set the right conditions that attract productive people and their capital, similar to what Hong Kong has done.

Prices here are reasonable. In fact, it’s much cheaper than Spain with quality as nice as Switzerland. Crime in Andorra is… well… it isn’t, basically. Standard of living is among the best in the world, and Andorrans even have the fourth highest life expectancy in the world at 82.43 years (compared to 81, 80, and 78 in Canada, UK, and United States).

With such a fantastic model right on its borders, its absolutely mind boggling that politicians in Spain, and the rest of Europe for that matter, refuse to take a page from Andorra’s playbook and set conditions for success.

For SMC subscribers, I’ll be telling you in the upcoming July edition how you can set up residency here, as well as establish a bank account. Also, don’t forget about our monthly subscriber teleconference this afternoon at 4pm eastern.

Until tomorrow,

Simon Black
Senior Editor, SovereignMan.com

This article appears courtesy of SovereignMan.com: Notes From The
Field
, a free newsletter dedicated to individual freedom,
internationalization, asset protection and global finance. For a
complimentary subscription, visit http://www.SovereignMan.com

Sovereign Man Notes from the Field Date: June 29, 2011 Reporting From: Cercs, Northern Spain

In Business, Continental Travel, Government, History, Money and Finances, Political parties, Taxes, Travel on June 29, 2011 at 4:44 pm

Sovereign Man

Notes from the Field

Date: June 29, 2011
Reporting From: Cercs, Northern Spain

I’ve stopped briefly for a quick lunch en route to Andorra, which is a scenic three hour drive due north from Barcelona. The spot that I picked to stop and write to you is absolutely stunning.

When I first started traveling years ago, I fell in love with Barcelona and the Catalan region of Spain. Part of it is the beauty, and part of it is the area’s staunch independence.

In a way, Catalonia is much like Quebec in relation to Canada– these people have their own language, their own culture, and they don’t take kindly to those bureaucrats in Madrid telling them what to do.

I tend to pass a fair amount of time in Spain and usually find myself here for odds and ends business matters. The last time was almost precisely a year ago when Matt and I were attending the most fantastically bizarre function at a remote, mountainous monastery in Catalonia.

The rest of the group consisted of Russian gangsters, sycophantic European businessmen, jet set playboy types, African royalty, and senior leaders of splinter Christian and Muslim sects.

Supposedly it had something to do with diplomatic positions for a government in exile, though to this day I have no idea how the costumes, chanting, and rituals fit in. Think ‘Eyes Wide Shut’ without the sex.

Anyhow, since I arrived to Spain a few days ago from London, I’ve been sniffing around to get a sense of how Spain’s crisis is unfolding. We see the news clips and YouTube videos of protests, of governments collapsing, of soaring unemployment, but I wanted to see for myself how feels on the ground, and how things have changed over the last year.

The most startling change that I’ve noticed, without doubt, is the inflation. Literally everything I’ve looked at– food prices at the local market, restaurant tabs, local electronics, highway tolls, raw material construction costs, mobile phone tariffs, taxi fare, etc. are much more expensive, to the tune of 10% to 25%.

So much for the theory that an economic slowdown would decrease prices.

John Maynard Keynes, who is consistently held up as the father of modern macroeconomics, suggested in his General Theory that keeping interest rates low and government spending high in order to sustain a boom (or get an economy moving again) would likely NOT result in inflation.

This has been the underpinning economic theory behind worldwide government efforts since the Lehman collapse… it’s the old “spend your way out of recession” play. Politicians and central bankers alike seem to believe, as Keynes did, that inflation is a low risk consequence.

Spain is one of many examples that proves this theory to be utter nonsense. Everyone on the ground knows that inflation is high; local newspapers are even running stories about how to best deal with inflation and preserve your savings.

As an aside, I should mention that I read one such article in a popular newspaper called Money Market in which the reporter interviewed several top fund managers and asked each of them how individuals should preserve their savings.

Most of them responded with the same dangerous herd mentality– buy stocks. How many recommended gold or silver? Zero. This is a bullish sign for precious metals.

Among other things I have noticed is the decline in service. Part of the reason Spain’s unemployment rate is so high is because it is so costly and bureaucratic to keep employees. Payroll taxes are quite high, so businesses have laid off their workers en masse.

You notice it instantly when you try to buy something at a retail shop or restaurant; there may be one person working for dozens of customers, and it takes forever to get anything done.

The other thing that has me quite concerned about Spain is the police presence. I don’t think I ever went 5 blocks in Barcelona without seeing a cop on the street. What’s more, they don’t just stand there waiting for something to happen, they’re actively going around harassing people.

My assessment is that the government is intentionally having the police turn up the heat on their intimidation tactics in hopes of squashing any future rebellion before it happens. They want to instill a sense of fear in the society to keep everyone quiet.

On that note, the most interesting part of this trip so far has been passing through small towns outside of Barcelona that are starting to circulate pesetas again– Spain’s pre-euro currency.

Apparently quite a few people have woken up to the euro’s fundamental weakness and begun circulating an alternative within their local, internal economies. The post-euro future is already here in Spain, it’s only a matter of time before the rest of the continent catches up.

Overall, the situation in Spain is not as dire as in Greece, which is literally burning at the moment. But Spain is running out of cash quickly, and its Keynesian bubble deflating rapidly. There will be a time, probably this year, when the country will need to secure emergency funding just to keep the lights on, and that’s when things will really start to fall apart.

Until tomorrow,

Simon Black
Senior Editor, SovereignMan.com

This article appears courtesy of SovereignMan.com: Notes From The
Field
, a free newsletter dedicated to individual freedom,
internationalization, asset protection and global finance. For a
complimentary subscription, visit http://www.SovereignMan.com

A WORD or 2, maybe 3, actually many , many more……via e-mail this AM, from a good friend …Admin/CapeCoral

In Constitution of The United States, Continental Travel, Political, Political parties, Travel on June 29, 2011 at 11:32 am

YOU WORRY ME!

By Captain John Maniscalco, American Airlines Pilot

I’ve been trying to say this since 911, but you worry me. I wish you didn’t. I wish when I walked down the streets of this country that I love, that your color and culture still blended with the beautiful human landscape we enjoy in this country. But you don’t blend in anymore. I notice you, and it worries me.

I notice you because I can’t help it anymore. People from your homelands, professing to be Muslims, have been attacking and killing my fellow citizens and our friends for more than 20 years now. I don’t fully understand their grievances and hate, but I know that nothing can justify the inhumanity of their attacks.

On September 11, ARAB-MUSLIMS hijacked four jetliners in my country. They cut the throats of women in front of children and brutally stabbed to death others. They took control of those planes and crashed them into buildings, killing thousands of proud fathers, loving sons, wise grandparents, elegant daughters, best friends, favorite coaches, fearless public servants, and children’s mothers.

The Palestinians celebrated, the Iraqis were overjoyed as was most of the Arab world. So, I notice you now. I don’t want to be worried. I don’t want to be consumed by the same rage, hate and prejudice that has destroyed the soul of these terrorists But I need your help. As a rational American, trying to protect my country and family in an irrational and unsafe world, I must know how to tell the difference between you, and the Arab/Muslim terrorist.

How do I differentiate between the true Arab/Muslim Americans and the Arab/Muslim terrorists in our communities who are attending our schools, enjoying our parks, and living in OUR communities under the protection of OUR constitution, while they plot the next attack that will slaughter these same good neighbors and children?

The events of September 11th changed the answer. It is not my responsibility to determine which of you embraces our great country, with ALL of its religions, with ALL of its different citizens, with all of its faults. It is time for every Arab/Muslim in this country to determine it for me.

I want to know, I demand to know and I have a right to know, whether or not you love America . Do you pledge allegiance to its flag? Do you proudly display it in front of your house, or on your car? Do you pray in your many daily prayers that Allah will bless this nation; that He will protect it and let it prosper? Or do you pray that Allah with destroy it in one of your Jihads? Are you thankful for the freedom that this nation affords? A freedom that was paid for by the blood of hundreds of thousands of patriots who gave their lives for this country? Are you willing to preserve this freedom by also paying the ultimate sacrifice? Do you love America ? If this is your commitment, then I need YOU to start letting ME know about it.

Your Muslim leaders in this nation should be flooding the media at this time with hard facts on your faith, and what hard actions you are taking as a community and as a religion to protect the United States of America .. Please, no more benign overtures of regret for the death of the innocent, because I worry about who you regard as innocent. No more benign overtures of condemnation for the unprovoked attacks, because I worry about what is unprovoked to you. I am not interested in any more sympathy; I am interested only in action. What will you do for America – our great country – at this time of crisis, at this time of war?

I want to see Arab-Muslims waving the AMERICAN flag in the streets. I want to hear you chanting ‘Allah Bless America ‘. I want to see young Arab/Muslim men enlisting in the military. I want to see a commitment of money, time and emotion to the victims of this butchering and to this nation as a whole.

The FBI has a list of over 400 people they want to talk to regarding the WTC attack. Many of these people live and socialize right now in Muslim communities. You know them.

You know where they are. Hand them over to us, now! But I have seen little even approaching this sort of action. Instead I have seen an already closed and secretive community close even tighter. You have disappeared from the streets. You have posted armed security guards at your facilities. You have threatened lawsuits. You have screamed for protection from reprisals.

The very few Arab/Muslim representatives that HAVE appeared in the media were defensive and equivocating. They seemed more concerned with making sure that the United States proves who was responsible before taking action. They seemed more concerned with protecting their fellow Muslims from violence directed towards them in the United States and abroad than they did with supporting our country and denouncing ‘leaders’ like Khadafi, Hussein, Farrakhan, and Arafat.

If the true teachings of Islam proclaim tolerance and peace and love for all people, then I want chapter and verse from the Koran and statements from popular Muslim leaders to back it up. What good is it if the teachings in the Koran are good, pure, and true, when your ‘leaders’ are teaching fanatical interpretations, terrorism, and intolerance? It matters little how good Islam SHOULD BE if huge numbers of the world’s Muslims interpret the teachings of Mohammed incorrectly and adhere to a degenerative form of the religion. A form that has been demonstrated to us over and over again. A form whose structure is built upon a foundation of violence, death, and suicide. A form whose members are recruited from the prisons around the world. A form whose members (some as young as five years old) are seen day after day, week in and week out, year after year, marching in the streets around the world, burning effigies of our presidents, burning the American flag, shooting weapons into the air. A form whose members convert from a peaceful religion, only to take up arms against the great United States of America, the country of their birth. A form whose rules are so twisted, that their traveling members refuse to show their faces at airport security checkpoints, in the name of Islam.

We will NEVER allow the attacks of September 11, or any others for that matter, to take away that which is so precious to us -our rights under the greatest constitution in the world. I want to know where every Arab Muslim in this country stands and I think it is my right and the right of every true citizen of this country to demand it. A right paid for by the blood of thousands of my brothers and sisters who died protecting the very constitution that is protecting you and your family.

I am pleading with you to let me know. I want you here as my brother, my neighbor, my friend, as a fellow American. But there can be no gray areas or ambivalence regarding your allegiance, and it is up to YOU, to show ME, where YOU stand. Until then, “YOU WORRY ME!”

CANADIAN COMMENTS:

I totally agree with this sentiment. I hope you will forget all about the ‘political correctness’ mandate we’ve had rammed down our throats, and see if this doesn’t ring true in your heart and mind. For Canada , with all the multiculturalism we’ve been told is so important….why should we not, as Canadians, expect that the millions of new people immigrating to our country will show their love for our country, their allegiance to our country, their willingness to obey the laws of our country, and acceptance that we are a Christian country? Just because they are able to enjoy exercising their own religion, they should not expect us to be ashamed of ours. They knew Canada was a Christian country when they came here. Why are we erasing Christianity because immigrants who are unwilling to adopt our way of life expect us to? There is just too much insanity in the world, and we have to start taking a stand.

I hope you will forward this, so that others will feel they are not alone if they are starting to feel the same.

BRITAIN’S COMMENTS:

At last a clear non racist example of the concerns that the vast majority of our Nation’s population probably share. The pilot’s letter encapsulates all that is fair and just about national pride and protection of one’s national culture. I fear it may be too late here in UK but we too want our country back in the form that attracted all these different cultures to come here in the first place!! In all our conversations with a wide range of friends and acquaintances we have not met one that disagrees with our own views. If only we all had the courage of our convictions to pass this on – it is a statement that should be accepted as the heart-felt feelings of someone with honest commendable national pride.

THIS IS TOO GOOD TO JUST READ AND DELETE — LET’S SATURATE NEW ZEALAND , AUSTRALIA , UK , EUROPE, USA , CANADA AND THE REST OF THE “FREE” WORLD WITH THIS ONE!

Sovereign Man Notes from the Field Date: June 28, 2011 Reporting From: Hong Kong

In Business, Business/Political Trends Worldwide, Continental Travel, currency, Government, Interesting places, Political, Travel on June 29, 2011 at 10:11 am

Sovereign Man

Notes from the Field

Date: June 28, 2011
Reporting From: Hong Kong

[Editor’s note: Tim Staermose, Sovereign Man’s Chief Investment Strategist, is filling in for Simon today who is en route to Andorra.]

For at least a decade now, the world has marveled at China’s amazing economic transformation.

Hundreds of millions of people have been lifted out of medieval peasantry and brought into the modern world. Living standards have improved dramatically. China has become the manufacturing hub of the world.

And, today, China boasts world-class infrastructure on a truly impressive scale. Beijing, Shenzhen, and especially Shanghai, have all become modern metropolises with facilities on par with any in the world.

Every taxi driver from Melbourne to Manitoba, and every money manager from London to L.A., recite the same mantra: insatiable demand from China (and India) will guarantee decades of prosperity for countries such as Australia and Canada which are blessed with the raw materials that billions of Chinese and Indian consumers require to emulate western lifestyles.

So the story goes…

Thing is, once anything has become mainstream knowledge in financial markets, it’s usually a sign we’re nearing the END of the boom. Or, at the very least, that all the positive news is already baked in the price. That’s where we are today with China.

The Australian press is constantly running economic puff pieces, declaring endless rosy times for the country due to its commodity exports to China. This sort of thing borders on propaganda.

They claim that “this time it’s different,” suggesting that the resource boom in Australia which got underway in the 1990s is not going to bust this time around (as has happened so often in the past).

It’s been said that, “this time it’s different” are the four most expensive words in the English language. They have an uncanny knack of showing up at the top of EVERY boom, just before the bubble bursts.

I’ve been around in the financial markets long enough, and lived through enough spectacular booms and busts, to know the telltale signs of a bursting bubble when I see them.

China today fits the bill… and that’s most likely going to be very bad news for industrial commodity prices and the economies of the countries that supply them. China accounts for less than 10% of global economic activity. Yet, the country is consuming nearly half of all the steel, cement, and copper used in the world.

You’ve seen the videos — vast, empty ghost cities in China with thick forests of empty apartment towers, 8-lane highways with no cars on them, and brand new government buildings and public infrastructure all sitting idle.

I’ve read estimates from well-respected, independent (i.e. not invested in seeing a continuance of the Chinese gravy train) analysts who suggest that there are up to 64 million empty apartment buildings in China. This is a misallocation of capital on an unimaginable scale.

To be sure, any time you have a government-directed boom that lasts for 3-decades and is fueled by cheap credit, you are going to get massive economic distortions. Construction and fixed capital formation in China has accounted for more than 60% of GDP for more than 10 years in a row now. This is simply not sustainable.

These empty cities, bridges to nowhere, airports with only three or four flights per week, brand new bullet trains with hardly any passengers (because they can’t afford the fares), and millions of empty apartments are NOT indicators of a healthy economy at all.

True, China’s economy is quite a bit of cloak and dagger… they don’t let you see what’s going on behind the curtain. But there is enough objective and empirical at hand to suggest major problems in the country, and we should take measures to protect ourselves from the consequences.

I’m in Hong Kong right now and will be heading over to the mainland in a few days to put some boots on the ground myself (concurrent to Simon’s PIIGS tour in Europe). Naturally, you’ll be the first to hear about our findings, right here, in Notes from the Field. Stay tuned.

Until next time,

Tim Staermose
Chief Investment Strategist, Sovereign Man

Not yet a Sovereign Man: Confidential subscriber? Here’s what you’re missing in the current edition:

* Boots on the ground in Panama: If you’ve ever considered Panama as a place to retire, gain residency or park your money, read this piece. Simon has spent years in Panama. Here are his highly informed, educated opinons on each category.

* Simon leverages personal contacts in Australia to present you with a top-tier bank that will let our subscribers open an account…without having to go to Australia! You simply won’t find this anywhere else . Especially good for Americans, who are finding it harder and harder to open accounts abroad.

* Simon grills the world’s foremost renunciation expert on the how-tos of giving up US citizenship. If you’ve ever wondered whether renunciation is right for you, this interview should go a long way towards settling the question.

* Simon includes a detailed account of what kind of medical insurance is best to obtain abroad…in a South American country known for its excellent health care system. The best part? You can use that insurance even when you’re not in that country!

* Simon answers your premium questions with details he can’t include in his free daily letter or on his public site.

To learn more about SMC and maximizing your sovereign opportunities, click here for more information .

This article appears courtesy of SovereignMan.com: Notes From The
Field
, a free newsletter dedicated to individual freedom,
internationalization, asset protection and global finance. For a
complimentary subscription, visit http://www.SovereignMan.com

Sovereign Man Notes from the Field Date: June 27, 2011 Reporting From: London, England

In Business, Business/Political Trends Worldwide, Constitution of The United States, Continental Travel, Food and Staples, Jobs, Medicine, Opportunity, Political, Sovereign Man, Taxes, Travel on June 28, 2011 at 9:45 am

Sovereign Man

Notes from the Field

Date: June 27, 2011
Reporting From: London, England

Are you a US taxpayer? Do you have at least $10,000 in overseas accounts? It’s time to put those annual disclosure statements in the mail… and quickly. Let me explain.

Each year by June 30th, US taxpayers are obliged to report all foreign financial accounts in which they have either a beneficial interest or signature authority, so long as the aggregate value of all the accounts exceeds $10,000 at any time during the calendar year. The form is known as the FBAR.

You must accurately disclose the highest value of each account during the previous calendar year on your FBAR… so make sure you go back through your bank and brokerage statements to check.

Let me give you a few examples:

Iggy Noramus is a US citizen who keeps all of his money in the United States. He happily watches the value of his dollars depreciate and completely ignores important warning signs like the Treasury Department confiscating pension funds to make up for their budget shortfalls. Iggy does not need to file the FBAR.

Guy Sharpe is also a US citizen who took action in 2010 to set up a foreign bank account in Hong Kong after reading an issue of Sovereign Man: Confidential. He only funded the account with $1,000, figuring that he just wanted to have an overseas account ready in an emergency. Guy doesn’t need to file the FBAR either.

Dee Pockets is a US citizen with four overseas accounts. One personal account in Switzerland has just over $1 million, one business account in Singapore has $5 million, one small account in Belize has just $50, and a Cayman brokerage has $250,000. Dee must file the FBAR and declare each of the four accounts.

Goldie Bugg is another US taxpayer who established an account in 2010 with GoldMoney; she opened the account with only $8,000 at the beginning of the year, but the market value of her gold peaked at $11,500 during 2010. Goldie must file an FBAR as well.

The gold ruling is new this year, and we first reported this back in March. The Financial Crimes Enforcement Division (FinCEN) made it quite clear that any gold held in the custody of another firm or individual constituted a foreign financial account and needs to be reported on the FBAR.

Frankly I’m starting to believe that this was part of a larger movement to recast gold as a ‘financial instrument,’ subjecting precious metals to regulation, control, and potential confiscation.

Given what we’re seeing now with so many brokerages cutting off their OTC gold contracts, this hypothesis is becoming more credible. I’ll have more on this working theory in another letter.

For now, make sure that you get your FBAR’s filed in time. The Treasury Department changed its language in the instructions this year, spelling out that they expect to receive the report by June 30th, which is this coming Thursday.

The form only takes a few minutes to fill out (assuming you have the information), and the instructions are self-explanatory. Consult your tax advisor with any questions.

If you don’t have a foreign bank account yet, you really ought to consider it for four key reasons:

1) A foreign bank account often makes it much easier to diversify out of the dollar. If you believe that, excluding some short-term rallies, the dollar’s long-term trend is lower, you can easily hold foreign currencies in a foreign account.

2) Foreign banks are often much stronger, not these quasi-zombie banks propped up with deceptive accounting rules and public funds we see in the west. Singapore, for example, has never had a banking failure, ever. I’ve even recommended one bank in SMC that keeps 100% of deposits in cash equivalents.

3) Banks overseas are typically much more innovative. In the west, banks think they’re being innovative when they get a Twitter account. In Asia, you can sign up for the next big IPO from an ATM. You can send a worldwide wire transfer from your mobile. You can denominate accounts in different currencies and precious metals.

4) Foreign banks are not controlled by your government. Get sideways with a bureaucrat in your home country and see what happens to your assets; there are dozens of agencies and courts out there, whether at the state, local, or federal level, that can freeze you out of your own money with a single phone call.

They can’t do that if your money is offshore. Capital controls, fear and intimidation tactics, frivolous lawsuits, etc. have limited impact on offshore accounts. It’s often possible to apply through the mail, and I’ve seen some banks with account minimums as low as $0.

If you have any savings at all, I strongly urge you to consider moving at least a portion of it overseas for the reasons I outlined above.

Until tomorrow,

Simon Black
Senior Editor, SovereignMan.com
This article appears courtesy of SovereignMan.com: Notes From The
Field
, a free newsletter dedicated to individual freedom,
internationalization, asset protection and global finance. For a
complimentary subscription, visit http://www.SovereignMan.com

Sovereign Man Notes from the Field Date: June 24, 2011 Reporting From: London, England

In Business, Business/Political Trends Worldwide, Expatriation, Government, History, Interesting places, Money and Finances, Offshore accounts, Personal, Political, Political parties, Taxes, Travel on June 27, 2011 at 12:18 pm

Sovereign Man

Notes from the Field

Date: June 24, 2011
Reporting From: London, England

A few days ago, I met with a brilliant young geneticist who has been able to devise a unique, cost efficient way to test for the presence of particular genes.

He wants to offer a service to test for CCR5-delta 32, a particular mutation of a gene found in Northern Europeans (and those of Northern European descent) that has shown resistance to Smallpox, HIV, and West Nile virus.

Among people in high risk groups for such infections, demand for getting test is strong, and his method has been able to reduce the cost of testing by up to 90% with no increase in error rate.

Rather let the idea fester in academia for the next several years, he’s decided to go into business… and I’m considering making an investment in the venture.

Another entrepreneur I met with has a website that sells electronic cigarettes in the UK. If you haven’t heard of this, it’s a device that looks, feels, and tastes like a cigarette, but produces water vapor instead of smoke.

It also gives the user complete control over the amount of nicotine s/he wants to ingest, making it a great tool for people who want to gradually wean themselves off the chemical.

This particular entrepreneur noted that a large number of Brits who currently smoke are trying to quit. The British economy is weak, and faced with declining income, Brits are cutting spending wherever they can, especially expensive habits like smoking.

Even in this weak economy, he is doing brisk business and sales are growing.

I’m telling you these short stories because I want to address an important point: even in dismal economic conditions, opportunities abound as long as you can still find a way to create value. These are just two examples.

On to this week’s questions. First, KC asks, “Simon, at a recent conference I asked a famous expat personality about buying and storing gold in the southern cone of South America (Chile, Argentina, or Uruguay). He and his associates could not provide specifics and suggested that I ask you. Any thoughts?”

Of the countries you mention, Chile is the best option for buying gold. In downtown Santiago, some of the money exchange houses (casas de cambio) display placards with “moneda de oro” (gold coins). Because they sell informally, they are not required to collect any VAT, and premiums can be as little as 1% over spot price.

There is no set figure, so it’s best to shop around from place to place and negotiate your own deal.

Private storage options in Chile are limited, though, and it’s difficult to open a safety deposit box at a bank without residency.

Of the other countries, Fort Box in Punta del Este, Uruguay is a good storage option but if you travel to Uruguay you have to declare any gold that you bring in. As for buying in Uruguay, I saw several Indumex locations that had inventory to sell when I was in the country recently, though prices are much higher than Chile.

I wouldn’t trust Argentina for either buying or storing; the government is just too crazy, and asset seizure is a distinct possibility there.

Next, Rob asks, “As far as Chile and all the positives you have brought to light, how would you address the recent volcanic eruption?”

I’ve addressed natural disasters in Chile a few times, and it’s not something that I want to be cavalier about… but the truth is that the safest place to be when a Chilean volcano erupts is in Chile. Argentina is screwed, but Chile moves along without a wince.

This is because the prevailing Pacific winds generally blow from west to east, towards Argentina. In fact, most of the post-eruption ashfall photos that were circulated in the press a few weeks ago were actually from Argentina.

There are a handful of tiny villages in Chile that are settled at the foot of some volcanoes, and a few of these were evacuated in case of lava flow.

Last, L.T. writes “I am a subscriber to Tim Staermose’s 4th Pillar service. My US-based broker will not allow me to buy one of his recent recommendations because it’s an online gaming company. Do you have any suggestions?”

Yes. Take your money and your business elsewhere. What an absolute farce.

Will your broker let you buy Philip Morris? A weapons manufacturer? Casino stock? Booze purveyor? Things must be loopier than I thought in the financial system if brokers have to approve your orders.

If I were in your shoes, I’d look offshore to a broker that works for YOU, not the other way around.

I’ve made a number of recommendations in Sovereign Man: Confidential, and Tim has done the same in his 4th Pillar service… which, if I may brag, delivered yet another winner to its subscribers this morning, closing out a low-risk, 13.6% gain in just 30-days with the successful takeover of Territory Resources (ASX:TTY).

Until tomorrow,

Simon Black
Senior Editor, SovereignMan.com
This article appears courtesy of SovereignMan.com: Notes From The
Field
, a free newsletter dedicated to individual freedom,
internationalization, asset protection and global finance. For a
complimentary subscription, visit http://www.SovereignMan.com

Right or Wrong??? It’s Part of our Capitalistic Freedom – the Trick is to find the Right Folks!!!…via E-mail this AM to CapeCoralBlogger.

In Constitution of The United States, Government, History, Opportunity, Political, Political parties on June 26, 2011 at 9:54 am

Dear Boss:
I have enjoyed working here these past several years. You have paid me very well, given me benefits beyond belief. I have 3-4 months off per year and a pension plan that will pay my salary till the day I die and a health plan that most people can only dream about.

I plan to take the next 12-18months to find a new position.

During this time I will show up for work when it is convenient. In addition, I fully expect to draw my full salary and all the other perks associated with my current job.

Oh yeah, if my search for this new job proves fruitless, I will be back with no loss in pay or status. Before you say anything, remember that you have no choice in the matter.

I can and will do this.

Sincerely,

Every Senator or Congressman running for President.

CZARS……Some for you, Some for me….Maybe just one [1]……..Admin/Cape Coral

In Business, Business/Political Trends Worldwide, Constitution of The United States, Opportunity, Personal, personal and business, Political, Taxes on June 24, 2011 at 7:38 pm

??????????Did I hear correctly????????
A Possibility of DEFUNDING the CZARS……God, I hope so…

Recalling a statement by the esteemed Dr. Charles Krauthammer, “Maybe from now on, just one Czar per Administration”, How do you feel about this, did you even know that so many Czars existed in the White House and environs?
Talk about needless spending, WOW, don’t you wonder just how much of your money is being used to make laws that will take even more money away from you, us and the families over time.
This country of our is based on 2 congressional houses making the laws and keeping us on the straight and narrow. Inviting others in the back door to do bidding on subjects that we have no knowledge is in my view, unjust and nefarious.

The order of business is to stop the spending, not make the government larger thereby contributing to more tax and spend incentives. We must stop the movement in its tracks and reduce taxes so as to initialize the incentives needed to bring our money back home.

All of us need to contact our government reps and send this message. The teeter-tottering has begun, we have to teeter in the right direction otherwise our descendants will have nothing to totter against or with.

God Bless America

One Nation Under God,Indivisible, with Liberty and Justice for All….

THE BELTWAY, a new makeup???…admin/CapeCoral

In Political on June 22, 2011 at 1:35 pm

The Beltway, it’s wrongly named now….

There should be two (2) rings around Washington. D.C.

The first one called the “Choker” and the real inner one
called “The Strangler”

The choker, encompasses all the folks outside of “The Strangler” who make the laws that are unfortunately choking off the life of our country by passing laws and directives that render our job producing initiatives almost useless. Ideas that stop our companies from building profitable business and forcing jobs and productivity to leave our shores. So many things come to mind.

The most inner ring (circle), the Strangler is composed of the White House and its environs. There the most hurtful of ideas seem to spring forth and if the peoples will is not of its liking, the ideas are cast aside and issues are put in place behind closed doors. They will not appear until the “bills” are passed as voiced by Ms Nancy Pelocy.

Everyday that passes places us further and further into jeopardy.

Thinking men of reason are needed more and more, help us and the country find them before it is too late.

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