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Archive for the ‘Offshore accounts’ Category

The Carpenter Comeith!!!Little by Little the “coffin” is being exposed……via e-mail to admin/capecoral

In Banking, Business, Business/Political Trends Worldwide, currency, Money and Finances, Offshore accounts, personal and business, Political parties, Taxes on July 22, 2011 at 4:56 pm
This is CRAP!!!! 
It is just like everything in this administration.
Too bad we didn’t kick out enough of Obama’s idiots from the Senate as well.Watch for this AFTER November elections; remember
this BEFORE you VOTE in case you think Obama’s
looking out for your best interest.1% tax on all bank transactions HR 4646This government just cannot think of enough ways
to hurt the American people!This Bill must die
FORWARD THIS TO EVERYONE YOU KNOW!

1% tax on all bank transactions
HR 4646 ANOTHER NEW OBAMA TAX SLIPPED IN WHILE WE WERE ASLEEP.
Checked this on snopes , it’s true! Check out HR 4646.  (see below copied from Snopes)

President Obama’s finance team is recommending a
one percent (1%) transaction fee (TAX). Obama’s
plan is to sneak it in after the November
elections to keep it under the radar.

This is a 1% tax on all transactions at any
financial institution – banks , credit unions ,
savings and loans , etc. Any deposit you make , or
even a transfer within your account , will have a
1% tax charged.

If your paycheck or your social security or
whatever is direct deposit , it will get a 1% tax
charged for the transaction.

If your paycheck is $1000 , then you will pay
Obama $10 just for the privilege of depositing
your paycheck in your bank. Even if you hand carry
your paycheck or any check into your bank for a
deposit , 1% tax will be charged.

You receive a $5 , 000 stock dividend from your
broker , Obama takes $50 just to allow you to
deposit that check in the bank..

If you take $1 , 000 cash to deposit at your bank ,
1% tax will be charged.

Mind you , this is from the man who promised that ,
if you make under $250 , 000 per year , you will not
see one penny of new tax. Keep your eyes and ears
open , you will be amazed at what you learn about
this guy’s under-the-table moves to increase the
number of ways you are taxed.

Oh , and by the way , you receive a refund from
the IRS next year and you have it direct
deposited or you walk in to deposit that check ,
you guessed it. You will pay a 1% charge of that
money just for putting it in your bank. Remember ,
any money , cash , check or whatever , no matter
where it came from , you will pay a 1% fee if you
put it in the bank.

Some will say , oh well , it’s just 1%. Are you
kidding me? It’s a 1% tax increase across the
board. Remember , once the tax is there , they can
also raise it at will.. And if anyone protests , they will just say ,
“oh , that’s not really a tax , it’s a user fee”! Think this is no
big deal? Go back and look at the transactions you
made from last year’s banking statements. Then add
the total of all those transactions and deduct 1%..
Still think it’s no big deal???     Vicki

In which square hole does your round Peg fit?????

1. snopes.com: Debt Free America Act ⤢⤢⤢
Is the U.S. government proposing a 1% tax on debit card
usage and/or
banking transactions?
…It is true. The bill is HR-4646 introduced by US Rep Peter
deFazio D-Oregon and US Senator Tom Harkin D-Iowa. Their plan is
to sneak it in after the…
…moved beyond proposing studies and submitted the Debt Free
America Act (H.R. 4646) , a bill calling for the implementation of
a scheme to pay down the…
…[2010] by Rep. Chaka Fattah (D-Pa.). His “Debt Free America
Act” (H.R. 4646) would impose a 1 percent “transaction tax” on
every financial transaction…
Tue , 12 Oct 2010 11:26:37 GMT
http://www.snopes.com/politics/taxes/debtfree.asp

Sovereign Man Notes from the Field Date: July 21, 2011 Reporting From: Split, Croatia

In Business, Business/Political Trends Worldwide, Continental Travel, currency, Expatriation, Food and Staples, Government, History, Money and Finances, Offshore accounts, Opportunity, Personal, Sovereign Man, Taxes, Travel on July 21, 2011 at 7:42 pm

Sovereign Man

Notes from the Field

Date: July 21, 2011
Reporting From: Split, Croatia

Print. Lie. Borrow. Deceive. Deny. These are a the principal tenants of the Greek restructuring plan that were released today from Brussels… it’s as if EU policymakers put it together after shaking a Magic 8-ball.

The whole world knows that Greece is bankrupt and has been living bailout to bailout for over a year. Deep in debt and devoid of cash, the country has completely forsaken its sovereignty in exchange for becoming a ward of the European Union; Prime Minister George Papandreou is now a hapless stooge awaiting instructions from Germany.

It’s ironic that the Greek proposal released today calls for a ‘Marshall Plan’ of investment across Europe… given that the last time Greece was being controlled by Germany was during the country’s occupation by Nazi forces after being vanquished by Hitler’s 12th Army in April 1941.

And so, with limited debate and even less fanfare, Europe has just officially signed on to destroy its own currency. Utterly worthless, quasi-defaulted Greek debt will become perfectly acceptable collateral, much in the same way that the US Federal Reserve took every scrap of toxic paper it could find off banks in 2008 and 2009.

Given the favorable market reaction, European politicians must be feeling pretty proud of themselves. The euro is up. The stock market is up. Oil is up. Well, never mind about oil, they’ll blame that on evil speculators… just like food prices.

And the proposal is so deliberately vague, they can go back home and tell constituents whatever they want. Angela Merkel can tell German voters that the French are paying for it, and Sarkozy and tell French voters that the Germans are paying for it. Win, win!

The European sovereign default SOP has just been set. When Spain, Italy, Portugal, and Ireland’s time of insolvency arrives, it will be handled just like this: Print. Lie. Borrow. Deceive. Deny.

Every day it becomes more and more obvious that the financial system as we know it is breaking down. The United States and European monetary union, whose currencies comprise nearly the entirety of the world’s fiat reserves, have both signed up to debase their currencies as rapidly as possible.

This is going to kick inflation up another notch as anyone holding on to Greek debt is going to trade out of it as quickly as possible. All that money has to go somewhere… and it’s a sure bet that a lot of it will feed rising commodities price (which translates into more inflation).

If you haven’t found a safe haven for your savings yet, it’s time to start. Now. No more excuses. A few you could consider:

Swiss franc, Norwegian krone, Singapore dollar, Chilean peso: These four currencies are generally regarded as safer, stronger, and managed by less obtuse central banks. In a world of fiat, these are among the least worst of the bunch.

Unidad de Fomento (UF): This is a special unit of account used in Chile that was set up during the hyperinflation days of the 1960s. The UF is designed to keep pace with inflation and it’s possible to establish a bank account denominated in UF in Chile. I’ll be telling SMC members how to do that in an upcoming issue.

Agricultural Property: Nothing hedges your risk against rising food prices like being able to produce your own food. This idea underpins the concept for the resilient community we’re planning in South America.

Precious Metals: Portable, divisible, durable, and scarce, precious metals are the classic hedge against rising prices. Gold and silver aren’t going to go up in a straight line, and gold in particular is due for a correction, but in a world ruled by an economic magic 8-ball, it’s a much safer store of value than a government IOU.

High quality equities: If my only two options are Apple stock and a bank account earning 0% interest, I’m going with Steve Jobs. The chief problem with equities is that the more money that central banks print, the more money flows into equities… pushing valuations up to dizzying (and unsustainable) levels.

Firearms and ammunition: Weapons and ammo serve a dual purpose of providing better home security, as well as a reasonable store of value. Unfortunately, they can also serve a third purpose– putting you on some government agency’s radar.

This list is by no means exhaustive… but if you have the majority of your savings just sitting there wasting away, it’s time to act.

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: July 20, 2011 Reporting From: Split, Croatia…..”Take Heed America” added by Admin/floridabusinessportals.com

In Business, Business/Political Trends Worldwide, Continental Travel, Expatriation, Government, History, Interesting places, Money and Finances, Offshore accounts, Opportunity, Personal, Sovereign Man, Taxes, Travel on July 20, 2011 at 8:06 pm

Sovereign Man Notes from the Field

Date: July 20, 2011

Reporting From: Split, Croatia

Bruce Lee, a long-time hero of mine, died 38-years ago today, and in tribute to his intellect and philosophy, I wanted to blow the dust off an old quote of his that seems quite prescient:

“Those who are unaware they are walking in darkness will never seek the light.”

Each day it becomes increasingly obvious that there are essentially two kinds of people in this world– those who are unaware that they walk in the darkness, completely oblivious to the real dangers in the world, versus those who understand reality and seek the truth. The former group comprises the vast majority of society.

This is your voting electorate and mainstream media audience, and they’ll buy every bit of propaganda that’s sent their way… whether it’s support for the war(s), ruinous economic programs, child molesting TSA policies, or just plain old fear and hate. In its latest effort to spread fear and hate, the Ministry of Love, also known as the Department of Homeland Security, has produced an Orwellian new video intended to encourage Americans to rat each other out.

If you’re not in a place to watch the video right now, I’ll summarize briefly. First of all, it’s one of the most pathetic attempts at filmmaking in the history of motion picture; the average shampoo commercial has better acting and production quality… and is much more subtle in its message.

In the world of Homeland Security, terrorists all drive unmarked full-size vans, wear hooded sweatshirts, and deposit backpacks in conspicuous public places. They might as well have had a cackling James Bond villain twirling his moustache in the corner.

At its core, the video is filled with scenes of ordinary citizens spying on each other and alerting the authorities to their compatriots’ suspicious deeds. In my favorite scene, a woman calls the police after snooping over the shoulder of a young man typing away on his smartphone. Naturally, it’s all for the common good… for everyone’s safety and security. In fact, everyone shares in this responsibility according to DHS, so we should all be on our toes to rat each other out at the first sign of suspicious activity.

Apparently this is yet another obligation that comes with citizenship. For the majority of people who watch this video, their chests will swell with pride in the knowledge that they now have a role to play in their country’s security. These are the folks walking around in the darkness, unaware. You can’t talk to them about things like personal liberty as they’ll just regurgitate the propaganda they’ve been spoon fed since birth. These are the same folks who take their shoes off at the airport and proclaim, “Whatever it takes to keep us safe,” or “I have nothing to hide!”

Truthfully, real criminals aren’t back alley types, but rather the policymakers who spread fear and paranoia in the name of justice. They cloak their crimes in good deeds while building a brainwashed class of future Thought Police. If Orwell had written a prequel to 1984, this would all be part of it. It seems the boiling frog is getting just a bit warmer..

. Until tomorrow, Simon Black Senior Editor, SovereignMan.com

SIMON FINDS NUMBERED ACCOUNTS FOR DEPOSITS AS SMALL AS $8,000 Not yet a Sovereign Man: Confidential subscriber? This edition could have been a double issue. Here’s what you’re missing in what may be the best month yet: * This country may be a small country wedged in between two European powerhouses, but it checks just about every box for Simon. Hint…it’s NOT Switzerland. From safety, lightning-fast Internet, low taxes and minimal government intervention, this country should be on the top of your list for places to visit. Simon shares where to stay and how to fly in and out. For a land-locked location, it may be one of his favorites! * Simon proves this country isn’t just a tourist spot. He’ll show you how to get residency for an relatively small investment . Find his contact to get it done quickly. He also highlights the most difficult documentation requirement and how to be sure you have it covered. * Privacy in offshore banking? YES, this stable, European country still has private, numbered accounts AND will do business with US Citizens. Simon will share the different banks and even has negotiated a discount for Sovereign Man: Confidential members. You won’t want to miss this. * Ever-opportunistic, Simon will give some easy entrepreneurship opportunities in an emerging frontier, Kosovo. These options are the equivalent of “selling shovels to gold miners”. * Mark Nestmann also returns to go further in depth for those interested in expatriation with an honest assessment of the worst-case scenario. * Tim Staermose also offers his actionable insight from his most recent China trip. You need to have an understanding of the social and financial implications of the coming bust. To learn more about SMC and get access to the archive, 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: July 8, 2011 Reporting From: Sofia, Bulgaria

In Banking, Business, Business/Political Trends Worldwide, Constitution of The United States, currency, Jobs in Cape Coral, Local news and Opinion, Medicine, Offshore accounts, Personal on July 8, 2011 at 1:25 pm

Sovereign Man

Notes from the Field

Date: July 8, 2011
Reporting From: Sofia, Bulgaria
Folks… you just can’t make this stuff up.On July 6th, just two days ago, at least a dozen busybody Congressmen sponsored the introduction ofHR 2411, the “Reduce America’s Debt Now Act of 2011.” They always come up with fantastic names for these pieces of legislation… and rest assured, the better/more patriotic the name, the more ominous the bill. This one follows the pattern.

HR 2411 states that every worker in America should be able to voluntarily have a portion of his/her wages automatically withheld and sent directly to the Treasury Department for the purposes of paying down the federal debt.

“Every employer making payment of wages shall deduct and withhold upon such wages any amounts so elected, and shall pay such amounts over to the Secretary of the Treasury…”

That’s right. Uncle Sam is so broke that he wants to give all the good little Americans out there the opportunity to contribute an even greater portion of their paychecks to finance government largess.

Desperate? Hmmm…. Don’t worry, it gets better.

Obviously, if an employee feels so compelled and should elect to have a portion of his/her paycheck withheld, the onus of responsibility is now on the employer to make it happen. The employer has to do all the paperwork, withhold the money, send the payment to the Treasury, maintain the account records, and probably submit to all kinds of new filing requirements.

You can imagine that, if passed, the bill will result in a host of new IRS regulations, complete with a battery of penalties for employers who don’t fill out the paperwork properly, submit filings on time, or make some administrative mistake.

Think about it: if a small business owner has one single employee who is dumb enough to think that it’s his patriotic duty to pay down the debt and decides to contribute $1/month, that owner will have the responsibility for all kinds of new forms and filings, plus submit to new ‘debt reduction audits.’

But don’t worry, it gets even better.

So let’s say there are millions of sheep out there who elect to donate a portion of their toil and sweat so that the Chinese and big financial institutions don’t have to worry about an American default. How does Congress plan on rewarding its most patriotic citizens? By sticking it to them on their taxes, of course.

HR 2411 stipulates that any contribution made to the Treasury in order to pay down the federal debt IS NOT TAX DEDUCTIBLE.

“The [Treasury] Secretary shall include. . . a reasonably conspicuous statement that any amounts deducted and withheld from wages. . .  are not deductible as charitable contributions for Federal income tax purposes.”

Imagine this scenario: You make $100,000/year. In a fit of complete insanity, you decide that you want to withhold your entire annual salary to pay down the debt. Hey, you can always move in with mom for the next year, right?

Well guess what– Uncle Sam will gladly take your money… and then STILL expect you to pay taxes on the $100,000 that you earned, so you’d have to come out of pocket with an additional $40,000 or so.

Don’t worry, though. The Social Security and Medicare wages are reduced by the amount that you withhold, making you only liable for state and federal taxes. Seems like a good deal, eh comrades?

There are so many things utterly wrong with his piece of legislation, it’s hard to know where to begin other than by saying that such intellectual and philosophical perversion is only capable of springing from unprincipled sociopaths whose sole capability is the destruction of value.

There’s a great quote from Atlas Shrugged that comes to mind which sums this all up:

“[W]hen you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you. . . you may know that your society is doomed.”

We’ve discussed the story of the boiling frog so many times before– a frog, when put into a pot of water and slowly brought to a boil, doesn’t realize that he’s in danger until its too late. I think the boiling frog just got a little hotter. Have you hit your breaking point yet?


Until tomorrow,

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


Sovereign Man Notes from the Field Date: July 6, 2011 Reporting From: Wuhan, China

In Business, Business/Political Trends Worldwide, Constitution of The United States, Continental Travel, Government, History, Interesting places, Offshore accounts, Opportunity, Political, Taxes, Travel on July 6, 2011 at 3:45 pm

Sovereign Man

Notes from the Field

Date: July 6, 2011
Reporting From: Wuhan, China
[Editor’s note: This missive was sent in from our partner Tim Staermose in China]Maybe the Chinese politburo has been watching too much deep cable, and, inspired by Kevin Costner’sField of Dreams movie, decided to churn out a bunch of empty cities. As it turns out, though, if you build it, they won’t come… and if you’ll forgive the movie analogies, these empty developments acrossChina are turning into fields of nightmares.I’ve been quite bearish on China lately. There are so many reports about how the Chinese economy is going to lift the world out of recession, and insatiable Chinese demand for commodities will deliver permanent good times in resource-rich countries like Australia.

I suppose that if you’re sitting on a few trillion dollars in reserves and decide to dump a lot of it into your domestic economy, it’s good for growth… at least for a while. But China is doing the 21st century equivalent of digging ditches during the day and filling them up at night.

We’ve all seen the videos of Chinese ghost cities and bridges to nowhere, but I wanted to put some boots on the ground and check it out for myself.

I started my trip In Guangzhou, and it didn’t take me long to find the first example of what I call China’s “build it and they will come” philosophy of economic growth.

Guangzhou has this new district of glitzy office towers and apartment buildings in the Tian He district called “Pearl River New City.”

It is SEVENTY percent vacant!  Prices are DOUBLE what they are in the older section of town which most people prefer living in, because there’s actually nice established neighborhoods with stores, businesses, restaurants and so on which remain affordable to average people.

They’re still building stuff in this “New City.”  Here’s a sign that showed half a dozen of the buildings with their respective heights proudly displayed.  The whole thing only sprang up in the past few years ahead of the 2010 Asian Games which were held here in Guangzhou.  In fact, they built a brand new stadium just for the opening ceremony!

Among all the impressive new skyscrapers in the Pearl River New City, I saw at least two 5-star international hotel brands– Hyatt and Westin.  I think you’ll find that if you call them and pose as a conference organizer, they have PLENTY of rooms available.

Beneath the surface (literally) this whole new district may not be so impressive.  During heavy rains, the area floods.  Apparently the developers were not as careful about what they built underground, and the drainage and sewerage systems leave something to be desired.

Traffic was light while I drove around the area with prominent local friend; he pointed out that IF the buildings were all occupied, the sheer number of people who’d be coming and going would probably cause a traffic snarl of epic proportions.

So who’s buying all of these units? Developers keep building because people keep buying, right?  They’re all mostly investment properties. Chinese real estate “investors” don’t actually care about rental yield at all.  Indeed, most of them deliberately let their properties sit vacant.

They buy apartments as an inflation hedge and are prepared to hold them as long as it takes to sell at a profit. As the theory goes, there’s always a greater fool out there willing to make an even dumber financial mistake.

I get the feeling some of the recent buyers in Guangzhou may be waiting a very long time.
The supply of rental property in Guangzhou is so vast that rental prices are roughly half as much as it would cost you to service a mortgage on the same property.

These observations– rental yields that don’t come close to covering the mortgage, empty buildings, bold advertisements heralding the grandeur of these projects, rising construction costs, cutting corners on infrastructure, etc. are all classic bubble indicators.

And as I’m going to explain in the coming days with even more boots on the ground reports, this is a bubble that’s bound to pop soon. Stay tuned.

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


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

Sovereign Man Notes from the Field Date: May 16, 2011 Reporting From: Santiago, Chile

In Banking, Business, Business/Political Trends Worldwide, Interesting places, Jobs in Cape Coral, Marine Info., Medical treatment, Offshore accounts, Political, Taxes on May 16, 2011 at 2:01 pm

Sovereign Man

Notes from the Field

Date: May 16, 2011
Reporting From: Santiago, Chile

On June 10, 1215 AD, after prolonged rebellion and frustrating negotiation, a group of England’s most influential barons entered London to force the disastrous King John Softsword into accepting a revolutionary charter of individual freedoms.

Five days later in the Runnymede meadow of Surrey County, John affixed his royal seal onto what became known as the Magna Carta. It still exists on the books today in England and Wales.

This document was one of the more important antecedents to the US Constitution; its proclamations ended the absolutism of England’s monarchy and spelled out very clear rights and freedoms, including, among others, the right of a man to enjoy his private property without trespass from government officials.

Over 550 years later, the framers of the Constitution codified this right in the 4th Amendment to be secure in one’s private property. Last week, the Indiana Supreme Court effectively rejected both documents in two separate cases.

In the first case of Lacey v. State of Indiana, the Court ruled that police officers serving a warrant on a private home may simply walk right in without knocking.

The second case of Barnes v. State of Indiana is far more startling. The case deals with one Richard Barnes, a regular Joe citizen of Indiana, who was in the midst of marital problems with his wife one evening in 2007. The couple was arguing when police arrived to the scene and attempted to enter the home.

Barnes made it very clear to the officers that they were not to enter his home. The officers did not have a warrant, and they did not have probably cause to believe that anything illegal was happening. But they entered regardless.

Barnes tried to block the door, and as the police officers muscled their way past him, he shoved one of them against the wall in defense of his property. Barnes was choked and tasered in his own home, subsequently hospitalized, then charged with misdemeanor battery on a police officer.

The case went to court, and the Barnes defense team cited a private citizen’s right to resist unlawful entry into one’s home. They lost. The case was appealed, all the way up to the Indiana Supreme Court. Here’s where it gets interesting.

The Court agreed that the police officers entered the Barnes home illegally. The Court further agreed that one’s right to resist illegal entry has existed since the Magna Carta. The Court further agreed that the US Supreme Court has reaffirmed this right to resist unlawful entry in numerous court cases.

Seems pretty cut and dry, no?

Yet, in summarizing the court’s opinion, Justice Steven David writes, “We hold that there is -no right- to reasonably resist unlawful entry by police officers.”

Wait. Full stop. A citizen has no right to resist unlawful entry by police officers on his private property? Apparently we’re all supposed to lay down like two-toed tree sloths while these jackbooted monkeys turn private property into yet another ‘rights free’ zone.

Americans already have to put up with dispensation of the Constitution at airports, border checkpoints, political events, many train station, and soon to be bus terminals and shopping malls. We’d better add ‘private residence’ to that list as well.

The right to protect oneself and one’s property against unlawful entry is the hallmark of any free civilization. Conversely, it is the hallmark of a totalitarian police state when government goons have the authority to go stomping around on private property without oversight of a judicious, impartial court.

There is no middle ground here… and a government that is on the way to denying this right is not far down the road from denying other basic, seemingly no-brainer rights– like assembly, criticizing the government, and possession of firearms.

One of the reasons I travel so much is so I don’t have to deal with this kind of nonsense. I enjoy spending time in countries where I have no fear of some government agent forcing his way into my home.

There are a number of such places in the world– Chile is definitely one of them.

Until tomorrow,

Simon Black
Senior Editor, SovereignMan.com

This article appears courtesy of SovereignMan.com: Notes From The
Field
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PS for SMC Members: Your monthly premium edition will be sent out momentarily. I’m particularly excited about this edition because we have managed to negotiate a way for you to establish a bank account in Singapore at one of its strongest banks without having to visit the country! Stay tuned for details.

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: April 22, 2011 Reporting From: Santa Cruz de la Sierra, Bolivia

In Business, Business/Political Trends Worldwide, Expatriation, Government, Money and Finances, Offshore accounts, Opportunity, Taxes, Travel on April 22, 2011 at 4:40 pm

Sovereign Man
Notes from the Field
Date: April 22, 2011
Reporting From: Santa Cruz de la Sierra, Bolivia

Fortune smiles upon Santa Cruz. With abundant natural gas reserves that generate immense wealth for the local economy, some of the best weather in South America, and more beauty queens per square block than anywhere else on the planet, Santa Cruz should indeed a fantastic place to be.

Enter Evo Morales, Bolivia’s socialist president.

After his election in 2006, Morales helped pushed a new constitution through national referendum, that, among other things, restricted private land ownership and declared all natural resources to be the exclusive dominion of the Bolivian people (managed by the state, of course).

Morales took off on a nationalization binge, taking over assets owned by France’s GDF Suez, UK’s Rurelec, Italy’s Telecom Italia, Spain’s Repsol YPF, Brazil’s Petrobras, France’s Total, Switzerland’s Glencore, and a host of other international resource companies.

Each time this happens, Morales declares a major victory for the Bolivian people, promising to redistribute the wealth and improve everyone’s quality of life.

There’s just one problem with this model: Politicians make terrible CEOs.

They excel at destroying productive capacity, not creating value. They have absolutely no idea how to run companies or manage assets, so even if the goal is to redistribute profits among the people, they don’t know how to generate profits to begin with!

If they’re lucky enough to make any money at all, they first line their pockets with cash and then sprinkle the remaining crumbs among their constituents.

Over time, the assets get neglected. No money is allocated for development, maintenance, and exploration… until one day, all they’re left with are dry holes in the ground.

This is already happening in Bolivia, which ironically just sent a major delegation to the recent PDAC mining mega-conference in Toronto to lobby for new foreign investment.

These people must crazy– first they steal all the foreigners’ assets, then come back to the table and ask them for more money?

It’s easy to chuckle about the goings-on in Bolivia and think ‘that could never happen here.’ But fact is, it can happen everywhere, even in your home country. Politicians only know how to confiscate wealth, not create it… and the more desperate they become, the more they’ll take.

On that note, let’s start this week’s questions with MEH, who asks, “Simon, where can I find information about moving an IRA or other retirement savings overseas, if possible?”

If you’re a US taxpayer with an IRA, one of the best decisions you could ever make is to move it overseas. The country is going further and further into debt, and they’re running out of options fast.

The $5+ trillion sitting in managed retirement accounts is too irresistible for politicians. Just like Evo Morales, they want to take over private assets and manage them ‘for the benefit of the people.’

What a bunch of baloney.

The best vehicle to move retirement accounts offshore, away from the politicians’ control, is called an Open Opportunity IRA. You can also do a lot of really interesting things– buy gold, buy foreign property, and really boost your investment returns. You can read more about this here.

Next, Dr. Adel asks, “Simon- I am a surgeon practicing in LA. I’m tired of Los Angles and the deteriorating medical system in the States. I’m looking for a place to relocate and Paraguay sounds like it may be a good place. Is there is a need for a foreign doctors in Paraguay?”

Definitely. The nice thing about the healthcare industry is that it’s in high demand everywhere in the world. Paraguay does have a need for more qualified physicians, and the certification hurdles are much, much lower than in other countries that I’ve seen.

The other advantage is that there is a loophole in Paraguay’s residency procedure that streamlines the process for foreign professionals who commit to working in Paraguay. You could be on your way to second citizenship in no time.

Last, Norman asks, “Simon, regarding the recent article about learning new skills, what do you think are the most critical languages to learn in the 21st century? I imagine Mandarin is one, Spanish is probably another (especially in the USA), are there any others?”

True, conventional wisdom will say Mandarin, Russian, Portuguese, and Spanish. Any of these would make a fine choice. Remember, though, the idea is to be able to add value internationally. It’s one thing to recognize that there is a lot of wealth in Russia, Brazil, and China… but think about where the action will be.

In resource-rich southeastern African nations like Tanzania, Rwanda, Mozambique, and Kenya, they speak Swahili (which is a really beautiful language, by the way). In Sudan, they speak Arabic. In Kazakhstan, they speak Kazakh (and Russian). In Mongolia, they speak Mongolian.

These may all prove to be exceptionally useful as well, particularly if you’re aiming to be a go-to facilitator on the ground.

Have a great weekend.

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: April 20, 2011 Reporting From: Asuncion, Paraguay

In Business, Expatriation, Money and Finances, Offshore accounts, Opportunity, Travel on April 20, 2011 at 2:58 pm

Sovereign Man
Notes from the Field
Date: April 20, 2011
Reporting From: Asuncion, Paraguay

My friend Arthur Tyde in the Philippines once quipped over dinner, “Manila is what Hong Kong would look like if it were turned over to the Mexicans…” I’ve always chuckle when I think about that.

If I may impose on the analogy, I would describe Paraguay as what Arkansas would look like if it were turned over to the Philippines: part tax haven, part agricultural powerhouse, in a better fiscal position than its peers, slightly underdeveloped, cheap, and lots of potential.

Nobody really knows anything about Paraguay. Ask your neighbors, they’ll probably think it’s in Africa.

The first thing you should know about Paraguay is that the country is the size of California. It looks tiny on a map– probably because it’s surrounded by Bolivia (the size of Alaska), Argentina (the size of Mexico and Central America), and Brazil (the size of the United States)– but there is a LOT of land here.

That is exactly what’s attracting companies like Monsanto, Philip Morris, Cargill, etc… cheap farmland. Staple exports from Paraguay include cotton, soy, tobacco, coffee, sugarcane, corn, beans, peanuts… you name it.

In northwestern Paraguay is the ‘Chaco’ region. It’s no man’s land. You might get water, you might not. You might get roads, you might not. You might get title, you might not. But boy is it cheap… You can pick up hundreds of acres for just a few thousand dollars, and they’re happy to take US dollars.

(as an aside, I find this incredible because Paraguay’s currency, the guarani, has appreciated 25% against the dollar over the course of the year… and it’s data points like this that make me believe that the financial system as we know it absolutely has to reset…)

Chaco property is typically used for cattle operations, though there are now several fuel crop candidates like Jatropha (used in producing biodiesel) that are showing tremendous resilience.

The other interesting thing about the Chaco is that Paraguay actually fought a war with Bolivia over the region. Early in the 20th century, locals were convinced that there was oil underneath the brush land. There wasn’t. 100,000 people died fighting for grazing land.

The valuable agricultural land in Paraguay is in the east of the country. Why? Because that’s where the water is.

The Guarani Aquifer is among the largest underground water resources in the world with roughly 10 QUADRILLION gallons (10 million billion) under the earth. The aquifer supplies Paraguay, Brazil, Argentina, and Uruguay with the most vital of all natural resources.

By comparison, however, land in Eastern Paraguay is much cheaper than its regional neighbors. It’s expensive by local standards, but I have yet to see anything for more than $1 per square meter (roughly $4,000 per acre), and most of what I’ve looked at is in the neighborhood of $0.15 to $.40 per square meter ($600 to $1600 per acre).

This is an opportunity. Farmland is an inflation hedge that is often described as ‘gold (or silver) with yield’; its prices tend to mirror agricultural commodities, and it generates income from the crops that it produces.

Relative to its peers, though, Paraguayan farmland is substantially cheaper. In one extreme example, a piece of land in Brazil right on the border with Paraguay was selling for roughly $2.50 per square meter. Just over the Parana River in Paraguay, the same type of land was selling for just $0.80 per square meter.

Those unfamiliar with the region may cite political differences, currency fluctuations, or cultural norms. They might even start quoting efficient market hypothesis, claiming that something must surely be wrong with the Paraguayan property.

Tell that to the Brazilians and Argentines who are buying property in Paraguay. Or to the multinationals.

Paraguay is where the value is. As an inflation hedge, this is like buying silver for $15 instead of $45.

Sure, Paraguayan farmland might be more like the lesser-known 3-ruble Saint George the Victorious silver coin from Russia, instead of the more famous American $1 Silver Eagle, but the bullion value is just the same.

I’ll have a lot more information
in an upcoming Sovereign Man: Confidential about how to make lucrative agriculture investments in Paraguay– effectively, how you can buy silver for $15/ounce.

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: March 24, 2011 Reporting From: Denver, Colorado, USA

In Business, Expatriation, Government, History, Money and Finances, Offshore accounts, Opportunity, Travel on March 24, 2011 at 7:29 pm

Sovereign Man
Notes from the Field
Date: March 24, 2011
Reporting From: Denver, Colorado, USA

Monty Python and the Holy Grail (1975) is easy one of the most brilliantly comical movies of all time. One of my favorite scenes is the fight between Arthur and the Black Knight, the one in which Arthur handily dismembers his adversary in combat.

It’s become the source of household jokes around the world– the Black Knight refuses to acknowledge having lost both of his arms and legs to Arthur’s sword, insisting instead, “Tis but a scratch…”

Apparently the Black Knight has been giving lessons to political leaders and central bankers in this art of self-deception and ignoring reality… because that’s exactly what’s happening around the world.

Today, in the wake of last night’s political collapse in Portugal, European leaders played down the impact of Portugal’s imminent ballooning economic crisis, dismissing any possibility of spreading contagion or similar consequences in other weak eurozone nations like Spain, Ireland, and Italy.

Nevermind that yield spreads and bond insurance premiums are near all-time highs. Tis but a scratch…

Today in Japan, two nuclear plant workers were hospitalized with radiation-related injuries. Japan’s government continues to deny risks to these workers, and to the population at large, instead raising the decontamination threshold (the danger level of radiation) from 6,000 counts per minute (CPM) to 100,000 CPM. ‘Tis but a scratch.

Two days ago in El Salvador, Barack Obama dismissed the cost of military action in Libya, saying “because it is limited in time, scope, with a well-defined mission, we’re confident that this is something that we can budget as part of our overall operations.”

Nevermind that the Pentagon is completely cash-strapped and is going to Congress with hat in hand for more money having already blown through its budget and unable to afford the $1 billion+ Libya operations. Tis but a scratch…

Earlier this month, William Dudley, the brainiac who replaced Tim Geithner as President of the New York Fed, recently told business leaders in Queens that, “while rising commodity prices may be giving some of you a bad headache, they are not likely to lead to a sustained rise in inflation.”

Nevermind that prices of just about everything ex-iPad around the world are increasing, and inflation rates from Vietnam to the UK are painfully high. Tis but a scratch…

Reality is very simple for the rest of us. We know what we pay for things, and we know that amount is increasing. We know nuclear meltdowns are dangerous. We know that fake economic growth created by printing money is nonsense. We know that massive deficits are destructive. We know that war is counterproductive to peace and stability.

The elite few at the controls, however, are overindulgent in self-deception… or outright lies. In either case, they’re only fooling themselves.

Relying 100% on the system that they control for the essentials in your life– your food, your water, your energy, your safety, your livelihood, your savings– is a recipe for disaster. It’s like letting a known sicko pedophile babysit your kids, or giving a serial burglar the keys to drop in on your house while you’re on vacation.

Becoming a bit more self-reliant requires nothing radical– just a few baby steps to start.

Now, as a person who spends the vast majority of my life internationally, I’m clearly a strong advocate for building a new life overseas– I think you’ll find more freedom, more control, more options, and more opportunities.

If you’re looking for a job, you’ll likely find something more lucrative and interesting overseas. If you’re looking for better healthcare or lower cost of living, you’ll find it overseas. If you’re looking for a government that doesn’t have its face in your business, you’ll find that overseas.

If you’re not able to head overseas for now, though, there are still plenty of things you can do to increase your self-reliance. I recommend taking a portion of your savings and move it to a foreign bank or offshore precious metals depository like GoldMoney or Global Gold.

Also, seek alternative sources of income, especially online.

Buy a small generator and some non-perishable food.

Plant a small vegetable patch if possible. Get to know your neighbors. Exercise.

These steps needs not be difficult, they just take a little bit of effort; anyone who closely examines his/her life can find a myriad of ways to increase self-sufficiency away from the system that the merry band of clueless, self-deceptive world leaders controls.

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

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