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Guest Post: Step 1: How Do I Get Started?

Tyler Durden's picture





 

From Simon Black of Sovereign Man

Step 1: How Do I Get Started?

Greetings from sunny Zell am See, easily one of the most tranquil places on the planet. Before I launch into this week’s questions, I first want to give kudos to our Asia partner and Chief Investment Strategist Tim Staermose.

As you may know, Tim runs our 4th Pillar investment service, a low-risk proprietary trading system that he developed over years of experience… and he just scored yet another big win for his subscribers.

Tim got his readers into Australia’s QMastor Limited, a small software development company that is now being acquired for a huge premium. 4th Pillar subscribers will now rake in a 41% return in just 90-days, all without any downside volatility.

Congratulations to Tim and his subscribers– another great call for the 4th Pillar.

On to this week’s questions. First, Jennifer asks, “Simon, each day you are writing from some exotic location; what are you doing in these places? I mean, I know you’re working on something, but what exactly are you doing? Why do you travel so much?”

It’s true, I keep a hectic travel schedule. In fact, looking back over the conversations we’ve had just from the last two months, I’ve been through the UK, Spain, Andorra, France, Hungary, Bulgaria, Serbia, Kosovo, Greece, Albania, Bosnia, Montenegro, Croatia, Lithuania, and now Austria.

Simply put, it’s our business to put boots on the ground around the world–  checking and rechecking what are the best opportunities that each country has to offer, building solid contacts, and taking the pulse of what’s really happening in the world.

To give you an idea, this part of Austria is an excellent, cost effective safe haven location that has ample real estate income opportunities.

I’ve been investigating a few boutique hotels in the area that can be acquired for a small down payment and cheap financing (as low as 3%), even for foreigners. The properties are so cash flow rich that you’d have to try very, very hard to not make money.

Earlier this summer I was in the UK investigating two exciting business ventures that I wrote to you about several weeks ago, as well as meeting with some fund managers.

From Andorra, I told premium subscribers about the country’s strong, stable banking system, as well as cost effective residency options.

In the Balkans, I’ve been working hard to bring members a second passport opportunity that could be even faster and cheaper than the St. Kitts economic citizenship program.

From Kosovo, I found three different business ideas that could be extremely profitable in the country and offered to co-finance any of them for qualified managers.

Tomorrow I’m leaving for Malta where I have some meetings set up about the country’s citizenship possibilities, fund management infrastructure, and unique gold storage options. If I have time I’ll head over to Tunisia to update you about what’s going on there.

You get the idea. My network of global correspondents and I believe that this kind of first-hand intelligence is critical to taking action and staying abreast of what’s really happening in the world.

Furthermore, due to the rapid pace of change, information can become stale very quickly.  You can’t stay on top of things by sitting in North America and parroting what you read online… or by taking a rare field trip overseas.

Simply put, we keep moving because the world keeps moving, and we’re dedicated to providing the highest quality first-hand intelligence we can… hence the hectic travel schedule.

Next, in case you have been reading the mainstream media’s pitiful and overblown coverage of the protests in Chile, our correspondent Dr. John Cobin just wrote me with this:

“Simon- I just got back from downtown Santiago; it was like nothing had happened over the last two days. The streets are bustling with people conducting business as usual, and it’s clear that the protestors accomplished absolutely nothing… and probably ended up with a black eye for their foolishness.”

We’ll have more to report on this early next week.

Last, Johnson T. asks, “Simon, I can see what’s happening to the country and want to do something to protect what I have while I still can. What advice do you have for someone who is just getting started?”

Every day, more people are waking up to the reality that this big, bloated, bankrupt government is the greatest threat to their livelihood. Earlier this week, in fact, I referenced an article in the Wall Street Journal entitled “Federal Asset Seizures Rise, Netting Innocent With Guilty”.

The article title says it all– in the land of the free and home of the brave, you don’t even have to do anything wrong for the government to relieve you of your livelihood.

They can take away your entire life, leaving you without any means to prove to them that you’ve done nothing wrong in the first place.  This is why I think the most important defensive measure is to open a foreign bank account.*

(* US taxpayers must file form TDF 90-22.1 and schedule B 1040 if they have a foreign bank account)

The idea here is to have some money in a place where you can’t be locked out of it instantly by some bureaucrat.  Again, this is not something that is just for the rich and jet set, there are a number of places that have low (or no) minimum balance requirements.

Many banks will open an account without you having to leave town. Caye Bank in Belize is one example. Bendigo and Adelaide Bank in Australia is another. Capital Security in the Cooks is another. There are a lot of options if you have the will to act.

 


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Fri, 08/26/2011 - 13:06 | Link to Comment roymunnson
roymunnson's picture

It could Happen tomorrow

 

http://www.youtube.com/watch?v=4hON3t-eGwg

Fri, 08/26/2011 - 14:41 | Link to Comment Ruffcut
Ruffcut's picture

I saw the missing "corrupted" adjective prior to government.

I actually talked to a board of director of a credit union. He says the banks are "too regulated".

As I bubbled my blood pressure, and held back from going ballistic about fraud and a few other minor points, I almost sharted in my pants.

I had a client who ran for US congress. He still doesn't have a clue, either.

"pity the fool"- Mr. T

Sat, 08/27/2011 - 14:01 | Link to Comment sgt_doom
sgt_doom's picture

Well said, Ruffcut, well said, sir!

Awhile back, I heard (on an NPR show) some laid-off bank president from North Carolina bitching as to he couldn't fathom why he couldn't find any employment?????

Un-frigging-believable just how incredibly ignorant and stupid these clueless clownsters are.

This blog post has the sentence:

"Every day, more people are waking up to the reality that this big, bloated, bankrupt government is the greatest threat to their livelihood."

I mean, hasn't this clown Simon ever heard of PRIVATIZATION, for chrissakes??????

Hasn't he yet figured out that the majority of the frigging US government and its agencies, including the intelligence community and military, have been privatized?

Stooges....everywhere you look.....stooges!

Sat, 08/27/2011 - 14:17 | Link to Comment chumbawamba
Fri, 08/26/2011 - 13:06 | Link to Comment TradingJoe
TradingJoe's picture

Oh just bag it SB!

Fri, 08/26/2011 - 13:32 | Link to Comment Pool Shark
Pool Shark's picture

Oh great...

Another post from Simon "Anywhere In The World is Better Than Where You Are Now" Black....

Fri, 08/26/2011 - 13:54 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

We used to have a saying in the military.

There is no place better than the place you are being transferred to, and no place worse than the one you are at now.

Fri, 08/26/2011 - 15:38 | Link to Comment mkkby
mkkby's picture

LOL, so Simon spends an average 2 days in each country.  That makes him an expert on the opportunities there?  What it really proves, is all he does is contact a real estate agent.  Not too surprising to hear they have a ton of great opportunities awaiting foreigners and their soon departed money.

2 days isn't enough time to learn about a small town.

Fri, 08/26/2011 - 17:46 | Link to Comment steve from virginia
Fri, 08/26/2011 - 15:06 | Link to Comment That Peak Oil Guy
That Peak Oil Guy's picture

Simon "The Grass is Always Greener..." Black

TPOG

Fri, 08/26/2011 - 15:11 | Link to Comment Keri at Bankste...
Keri at Bankster Report's picture

Why should I trust a bank in Switzerland, Belize, or the Cayman Islands any more than I (don't) trust the banks in the US?  Banks are banks---pushing a bank over a border doesn't endow it with magical pro-account-holder qualities, and it doesn't make is immune to bankster-controlled international law.  How, exactly, is having a bank account elsewhere going to protect me?  If I can access it, anyone else can as well.  And I think the Swiss banks (who are supposed to be the ultimate "independent" bankers) have proven this week with the UK tax deal that they look just the same in the shower and the US banks!

The continued inclusion of banks in our lives, in the first place, is a central part of the revolution that is being challenged right now.  Look at gold---banks HATE gold, but what is happening?  People are trading their "real money" dollars for REAL real stuff, gold.  Look at freakin' silver!  Look at copper!  Look at anything that is REAL!  Everyone on this board should be prepared to lose everything with a "$" in front it, or any other currency-denomination symbol for that matter, no matter which bank "holds" it for us.  The idea that one can aquire "wealth" by collecting debt-based units (that is, ANY currency, bond, equity-cert on the planet) is finally buckling under the weight of common sense---the common sense that debt does NOT make you "wealthy."

We have to realize that we are literally trading our time, effort, and bodies (through our work) for DEBT.  Our earnings are DEBT, and they remain debt until we can convince the next guy to trade us some of his real STUFF for our DEBT.  One day the next guys is not going to take our debt in trade for his stuff, even if that debt is coming out of a nice exotic Belizean account!

How do you get started?  You get some freakin' STUFF!

Fri, 08/26/2011 - 22:56 | Link to Comment stacking12321
stacking12321's picture

the idea is diversification.

if you put 100% of your $ in a US bank and things get crazy enough in the US that your money is either siezed or the bank gets shut down, well, you have no $.

 

if you have 33% in the US, 33% in canada, and 33% in switzerland when that happens, well you still have 66% of your $.

 

and yes, your rant about banks are the problem, $ are bad, and all that, yeah, yeah, preaching to the choir.

 

but if you choose to keep some $ for liquidity, it's better that it be diversified, just good sense.

Fri, 08/26/2011 - 13:07 | Link to Comment reader2010
reader2010's picture

Storing your gold and silver in Switzerland, for instance, will be prosecuted soon.

Fri, 08/26/2011 - 13:38 | Link to Comment Kayman
Kayman's picture

Storing your gold and silver in Switzerland, for instance, will be prosecuted soon.

Unless you are a Wall Street criminal or a political whore. Where do you think the billion dollar bonuses went ?

Fri, 08/26/2011 - 13:50 | Link to Comment reader2010
reader2010's picture

The ruling elite are always ABOVE law. It has been like that since day one. There's nothing NEW under the sun.

Fri, 08/26/2011 - 14:00 | Link to Comment Ag Tex
Ag Tex's picture

"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild

Fri, 08/26/2011 - 14:48 | Link to Comment lordchimp253
lordchimp253's picture

That is a bullshit quote. People refer to it all the time, but never provide a primary source document from which it was supposedly found. For that matter, he never controlled any nation's money supply either. IIRC, his son or grandson was on BoE's board of directors. That's it. 

Fri, 08/26/2011 - 15:09 | Link to Comment lunaticfringe
lunaticfringe's picture

I love that quote. Saw it on zeitgeist. I never let the truth get in the way of a good quote. Can you prove he didn't say it?

Fri, 08/26/2011 - 15:33 | Link to Comment destiny
destiny's picture

Get a grip, read again....pretty clear ! and english is not even my mother tongue.   Rote shield IS everywhere, 400 trillion dollars worth !   Remember WATERLOO  ?

Fri, 08/26/2011 - 15:12 | Link to Comment AldousHuxley
AldousHuxley's picture

"Give me control of nation's military and I care not who runs the banks"  -- North Korean Dictator who had his central banker killed

 

"Give me control of nation's oil and I care not who makes fiat money" -- Family of Saud to Americans

Fri, 08/26/2011 - 19:26 | Link to Comment FeralSerf
FeralSerf's picture

<<"Give me control of nation's military and I care not who runs the banks" -- North Korean Dictator who had his central banker killed>>

That's enough to get you on the administration's "Axis of Evil" list.  Oh, wait. . .

Fri, 08/26/2011 - 23:00 | Link to Comment stacking12321
stacking12321's picture

i doubt that quote.

 

a rothschild would have better sense than to use IT'S when he means ITS.

 

you don't get to be the ruling elite with bad grammar.

 

Fri, 08/26/2011 - 14:46 | Link to Comment JW n FL
Fri, 08/26/2011 - 19:36 | Link to Comment FeralSerf
FeralSerf's picture

<<Where do you think the billion dollar bonuses went ?>>?

Same place Madoff's stolen billions went: Tel Aviv. Banking secrecy and nobody fucks with them -- it would be "anti-Semitic" to do so.

Fri, 08/26/2011 - 13:48 | Link to Comment Dr. Acula
Dr. Acula's picture

I am pretty sure residents of many of the USA states (about half of them) are already forbidden from holding gold outside the country.

I wasn't able to find the laws through googling though. Maybe I'm wrong.

 

Fri, 08/26/2011 - 14:29 | Link to Comment Sgt.Sausage
Sgt.Sausage's picture

I'm pretty sure Dr. Acula has just hit the crack pipe and is spewing bullshit out his arse.

Let me take this opportunity to whump you upside the head with a Clue-By-Four™: The reason you couldn't find them (the laws) is because they don't exist.

Fri, 08/26/2011 - 16:00 | Link to Comment AnAnonymous
AnAnonymous's picture

Nice one. Must be true.

But unproper.

Here's some cheap propaganda: he could not find them, that's because law codexes are bloated.

US world order.

Fri, 08/26/2011 - 13:52 | Link to Comment DosZap
DosZap's picture

IF your American, you LIKELY cannot even open a Swiss account.........they are sick of the IRS, and having to comply, or get slapped around.( Even ExPats are having LONG time accts CLOSED.

Expats are having issues getting just CHECKING accts all over Europe opened up,or getting to keep long term ones they have had.

The Swiss were the LAST bastion of really protected storage of assets.

YOU put your funds into a 3rd world craphole, and take your chances.(at least here, I have immediate access to them,not( 3-7k miles away.)

I will hold mine, and When & IF the time comes, it and my families will depart.

If I die first, they will have instructions on what to do.........their problem then.

Fri, 08/26/2011 - 14:07 | Link to Comment reader2010
reader2010's picture

You can't depart with your bullions if you will be able to depart at all. Rather,  the REAL worth is portable (marketable) knowledge. If you really desire to hold your worth, it's far better to accumulate high investment-grade diamonds. Because diamonds are much more portable with much less bulk. 100 1-oz Gold Eagles are about 7 lb with about $180,000 USD Value today, while 1000 carats high-grade diamond, also at about 7 pounds, can be worth more than hundreds of millions of today's dollars. 

Fri, 08/26/2011 - 14:08 | Link to Comment DosZap
DosZap's picture

reader2010 @14:03,

Sure you can,ever heard of ships,small aircraft,just make sure you have an up to date Passport,to get into wherever your going.

Paying someone to fly you to offshore, is not an issue,nor by ship, or water vessels.

IF we have 20 million illegals here,( and we do, if not not MORE) tell me HOW you cannot leave,LOL.

Hide n watch.

Fri, 08/26/2011 - 14:14 | Link to Comment reader2010
reader2010's picture

You probably severely underestimated the fucking power of DHS/TSA when the day comes.  If you really want to opt out of our grreat Frog-Boiling-Pot, you need to do it now more than ever. 

Fri, 08/26/2011 - 14:44 | Link to Comment DosZap
DosZap's picture

reader2010 @ 14:14,

No,I do not under estimate them at all.

I just know a country w/300+million, cannot be covered by our entire armed forces(if here,Natl Gd,PoPo's,any and all agencies we have), it's physically impossible to keep track of someone that wants to get lost or leave.

There are just too many,too much land, and not enough of them.

Not that they are not La Fabulosa..................

Fri, 08/26/2011 - 16:54 | Link to Comment falardea
falardea's picture

They don't have to cover us all with guns.  There are enough laws on the books to make us all criminals, so all the establishment needs to do is random enforcement efforts.  Random means it could be you they raid with swat style tactics, because you didn't keep the paperwork about who harvested the wood in your guitar.  They raided Gibson guitar today.  What will the random target next?

Fri, 08/26/2011 - 18:25 | Link to Comment reader2010
reader2010's picture

Welcome to Hotel California.

 

You can checkout any time you like,
But you can never leave! 

Fri, 08/26/2011 - 19:17 | Link to Comment FeralSerf
FeralSerf's picture

All you need to worry about is cheap, prefect, synthetic diamonds bringing the price down.

Fri, 08/26/2011 - 16:22 | Link to Comment legal eagle
legal eagle's picture

I help US clients open Swiss accounts all the time, the Swiss are just now insisting they get a Form W-7 for the IRS, and they are declaring the account.  No problem.

Sat, 08/27/2011 - 12:51 | Link to Comment DosZap
DosZap's picture

legal eagle, @16:22,

Great to know.........................

I have read stories out of the Telegraph, about Expats, and foreigners(US) ,being told to GO AWAY.

IOW, your just too much trouble, and we do not need the additional paperwork, for your paltry funds.

Several stories of Expats, losing (accts closed) simple checking accts.............held and used for years.

I do not doubt it at all............

I am VERY pissed at the Swiss for giving in to the demands of the US.( plus, when they got caught we found out they never were very trustworthy, after having to pay huge fines, and retributions to the Jews, that demanded their ancestors stolen gold, and valuables,stole from them by Hitler in WWII, and closeted away in the Swiss banks

They denied it all, UNTIL they could no longer deny it.

 Stilll the Swiss system was always the bell whether for financial independence to those who chose to use it.

Now, they are simply another  Banking whore.

Sat, 08/27/2011 - 14:22 | Link to Comment Thunderlips
Thunderlips's picture

Good point, Dos Zap.

I find recommendations to put money in a bank in Panama, Belize, Costa Rica, etc. by these Overseas Internet Investment types not very well thought out at all.  When the US says Jump these nations will ask "How High?" since their economies are overwhelmingly dependent on the US, along with their governments.  Look at the past 60 years and see how often the US has intervened there, be it military or 'special intelligence operations' or intense economic pressure to conform..

What you could do maybe, to get around the fact that most overseas banks won't open accounts for Americans because the reporting requirements are a pain in the ass for them, is start up a Corporation domiciled in that country, and then open an account for the Company. 

And pick a country that does as much or more business with China or Europe than the US.  Think the Southern Cone, Malta, parts of the Middle East, etc.  The Francophonie might be safe (just a guess on my part), since even if the French do give in to US demands, they'll drag their heels for so long, you'll have plenty of time and warning to react.  A country that recently gave a big middle finger to the IMF might be really good, like Argentina (not a recommendation, just putting the idea out there for criticism).  Or one that everybody forgets about, and has a sense of nationalism and victimhood, like Paraguay (which lost much of it's territory from a three pronged invasion by her neighbors many years ago and has developed a political culture deeply suspicious of foreign influence).

Your money would no longer be low hanging fruit because then the US Gov't would have to try to pull some kind of "pierce the corporate veil" trick, and many non-Anglo-Saxon Common Law countries have very different corporate law structures.  At the least it would buy you time.

In many countries, you can open up bank accounts in any denomination, too.

Fri, 08/26/2011 - 15:38 | Link to Comment Yohimbo
Yohimbo's picture

Oh the hell with switzerland, nice folks nice country, but its alot easier to bury the precious in the ground, and draw your kids a map.  The Feds are way too lazy to use their hands or a shovel to go dig it up...that is if they could ever find it, which they wont. Fortunately mine was lost in a boating accident, near a certain non-descript bouy, in a non descript kind of place.

Fri, 08/26/2011 - 18:04 | Link to Comment Libertarian777
Libertarian777's picture

not to mention, if you NEED your gold/silver in an instant, you can't exactly fly to switzerland and wait for the bank to open only to rush back so you can spend it.

 

It's like those people spending small fortunes on a bomb shelter in Nevada. What's the point. If you live in California and the SHTF how do you get to your bomb shelter?

Fri, 08/26/2011 - 13:09 | Link to Comment GetZeeGold
GetZeeGold's picture

 

Put it in gold. Put it in your pocket. Don't tell anyone.

 

 

Fri, 08/26/2011 - 14:47 | Link to Comment tarsubil
tarsubil's picture

Good luck selling that as a book. I mean, it doesn't even begin to fill a single page. You really need to think about how you're going to market it. Oh wait, you aren't a w**** like SB. Nevermind.

http://www.youtube.com/watch?v=Kiiuc0M4L40

Fri, 08/26/2011 - 13:11 | Link to Comment pods
pods's picture

Man this guy is a pompous, book selling ass.

And this is coming from a fellow doomer.

pods

Fri, 08/26/2011 - 13:17 | Link to Comment rocker
rocker's picture

Don't buy the book, I won't.  But the principal of leaving the USA is not a Bad Idea.  We are "Worse than Japan Now".

Fri, 08/26/2011 - 13:27 | Link to Comment TIMMAYYY
TIMMAYYY's picture

...good luck going anywhere..

wtf...i dont get this idea of leaving...it wont make a difference unless you have enough money to live off for quite a while....unless you get a job in this new utopia of a place

yeah...try and get by on local rates abroad ass holes...

take what you can get from the place then fuck off when you feel a little bit fleeced. no different to a looter living off benefits 

 

Fri, 08/26/2011 - 13:36 | Link to Comment pods
pods's picture

It won't take long in a collapse for the locals (in any of the places he speaks of) to figure out that the guy "who ain't from around here" trading in Krugs and living it up might just be the next target.

pods

Fri, 08/26/2011 - 13:28 | Link to Comment NotApplicable
NotApplicable's picture

You can run, but you can't hide. If the evildoers leave you alone, it's only because a) you've gotten lucky and are invisible for the moment, or b) You're aiding and abetting them (like Simon does with his services).

Fri, 08/26/2011 - 13:43 | Link to Comment thesapein
thesapein's picture

Gotten lucky? Really, just don't be as stupid as the incompetent "evildoers". It's not hard to outsmart the US government once you stop playing by their rules.

Fri, 08/26/2011 - 13:30 | Link to Comment pods
pods's picture

I used to play golf in a league with my investment guy years ago.  He was always talking about where he played, vacations, cars,  equipment, etc.  Then he talked about going to Leadbetters school for a week (golf instructor).  Decent chunk of change to go there.  One day I was thinking about where he got all this time and free money to go play big shot all the time.

When it hit me I ceased to have an investment guy.

pods

Fri, 08/26/2011 - 13:25 | Link to Comment theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

I call BS on this Simon Black "oh yesterday I was in Moscow and drinking vodka with the movers and shakers while all the hot chicks wowed at my presence, then I negotiated a piece treaty in somalia and fought off an invading army with my bare hands all the women wanted to thank me - the hottest one asked me if I was james bond, yet in spite of this amazing life I have the time to write some shitty anecdotes every day so that loosers who have to go to a normal job every day can give me their money so I can tell them to open a foreign bank account and store gold in switerland via goldmoney.com (who also pay me to tell them to do this) BS I'd fight him any day

Fri, 08/26/2011 - 13:31 | Link to Comment Calculated_Risk
Calculated_Risk's picture

stay thirsty my friends.

Fri, 08/26/2011 - 14:54 | Link to Comment Rylie
Rylie's picture

I bet his mom has a tatoo that just says "Son"

 

Sat, 08/27/2011 - 14:17 | Link to Comment Thunderlips
Thunderlips's picture

LOL @ most interesting man in the world quote.

Fri, 08/26/2011 - 14:29 | Link to Comment DosZap
DosZap's picture

the MAXILOPEZ @13:25,

Check out his website their is a pic( I would say of Simon), face partially blocked.If that is Simon, he is YOUNG,like mid 30's,maybe 40.

If he has done all the things he say's, he is one smart SOB for one that young.(Of course it might just be for diversion).

Fri, 08/26/2011 - 14:53 | Link to Comment Farmer Brown
Farmer Brown's picture

I totally agree.  Total BULLSHIT!!  I was just in Serbia, for real.  I can't imagine what the point of investing there could possibly be unless you want to get ramrodded by the communists that run/own that place.  They may not be communist officially anymore, but rest assured, they own the country. 

Fri, 08/26/2011 - 15:01 | Link to Comment fiddler_on_the_roof
fiddler_on_the_roof's picture

I laughed my stomach's full.

Fri, 08/26/2011 - 13:17 | Link to Comment Shell Game
Shell Game's picture

Does anyone else get the feeling this was a patting-self-on-back moment for S.B.?

 

FWI, from yesterday, Simon. It's a GIRL in every port, not Gold in every port..

Fri, 08/26/2011 - 13:41 | Link to Comment Kayman
Kayman's picture

Or its corollary "any port in a storm"

Fri, 08/26/2011 - 13:58 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

My dad always said, "Any old port in a storm."

Fri, 08/26/2011 - 13:17 | Link to Comment Herman Strandsc...
Herman Strandschnecke's picture

He sounds like a wise guy.

Fri, 08/26/2011 - 14:00 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

As in a mob "wise guy?"

Seriously, they can't track something until you move it.

Fri, 08/26/2011 - 13:17 | Link to Comment Lester
Lester's picture

Pretty good advice, if author's aim is to get you started on LOSING your money...

 

Fri, 08/26/2011 - 13:45 | Link to Comment Real Estate Geek
Real Estate Geek's picture

Agreed.  I believe that buying a boutique hotel on the other side of the world qualifies as trying very, very hard to lose money.

Serious question about the benefit of a foreign bank account, considering the financial cooperation pacts the US has other countries sign.  If you're filing the appropriate IRS paperwork, doesn't that mean that your foreign accounts would be frozen simultaneously with your domestic ones?

Fri, 08/26/2011 - 14:19 | Link to Comment pazmaker
pazmaker's picture

I know right!!!   If the damn boutique hotel is making so much money then why in the hell are they selling it for a song?

Fri, 08/26/2011 - 13:17 | Link to Comment TIMMAYYY
TIMMAYYY's picture

okay...so what your saying is look after yourself and hopefully you wont get fucked along the road.

please, how is this advice for the everyday man on the street who is like you say waking up and trying to do something.

I get the sneaking suspicion that we are being used as cannon fodder by those clever enough to know how the system works...but not clever enough to really succeed at it...basically those who dream of better things but have a chip on their shoulder

 

which tbh is absolutely fine with me...everyman for himself and what not...but i cant laugh at how futile a future that seems to be with this everyman is an island concept.

 

 

Fri, 08/26/2011 - 14:07 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

What are you talking about.  I am packing my bags now and opening up a B&B in some eastern block country.  I will surely fit in fine as a ginger speaking english with a pocket full of gold and silver.  I am sure they will be real nice to me.

Fri, 08/26/2011 - 14:11 | Link to Comment TIMMAYYY
TIMMAYYY's picture

what im getting at is that everyone keeps harping on about things...whilst all the time just making sure that they have a life vest for when the water breaches...

 

no action on the part of the group...

Fri, 08/26/2011 - 14:27 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

I understand what you are saying.  It makes sense.  Problem is that I stopped trying to place a life vest over the people in my community (work, extended family, and local neighbors).  Everytime I offered them one they mocked and ridiculed me.  Let'em drown at this point.  Four years of harping and all I got was this lousy assortment of cases with ammunition, water, food, PM's, and some pretty neat assault riffles.

Trying to save all of New Orleans from Katrina will do two things; 1. waste one's time and resources, 2. put you in the superdome with the same cock gobblers that didn't want to listen.  Tis better to protect those under your own roof at this point.

Fri, 08/26/2011 - 14:53 | Link to Comment Civil Shepard
Civil Shepard's picture

What is the alternative?  You can't survive as an island.  What do you do if you fall and break your hip, or rupture your L5/S1 vertebra, or just get the flu and need anti-biotics?  I've seen some amazing ideas from the group but none harvested and organized.  I agree though its not easy or likely to succeed, but you never know.

Fri, 08/26/2011 - 15:10 | Link to Comment pods
pods's picture

If things collapse medicine will return to be slightly better than equestrian medicine.

C'est la vie.

BTW, have bulging discs/ruptured disc from L3-S1 and docs couldn't do shit for me but put me on NSAIDS, dope, and muscle relaxers.  Wasn't until I treated myself that things got better.  Even taught the pain doc some supplemental treatments for his patients.  

The less you need modern medicine the better off you will be.

pods 

Fri, 08/26/2011 - 16:28 | Link to Comment srelf
srelf's picture

The flu is a viral disease - antibiotics are for bacterial diseases. If your doctor prescribes anitbiotics for the flu he/she is part of the drug-resistant pathogen problem. Sorry, just a pet peeve with me!

Fri, 08/26/2011 - 14:39 | Link to Comment Civil Shepard
Civil Shepard's picture

Agreed.  If support exists, we could forge some constructive solutions.  Group based solutions submitted, voted on and refinined addressing various catergories (foreclosures, wall street, taxes, jobs, politics, etc).  I see 4closurefraud.com evolving, where they've begun some regional meetings, radio shows, and action-based campaigns.   

Fri, 08/26/2011 - 13:17 | Link to Comment Robot Traders Mom
Robot Traders Mom's picture

Here is the rub: you open up an account on Belize and you are going to be hasseled by the IRS, put on about 10 more watch lists, and monitored like a hawk on email, phone records, etc.

Your best bet is still physical metals. If you were smart enough to buy metals and prepare for the downfall, you are smart enough to get it out of the country if you need to leave.

Godspeed.

Fri, 08/26/2011 - 13:27 | Link to Comment Nothing To See Here
Nothing To See Here's picture

DUDE, just realized how funny your alias was along with that pic. But damn, that pic is as old as the internets, I think I dowloaded it back when I had a 14,4k phone modem! I still have it, great work of art.

 

Fri, 08/26/2011 - 13:32 | Link to Comment dropdeadfed
dropdeadfed's picture

Agreed.  I don't like increasing the odds for giving more corrupt gov' officials/bankers my trust (in a country where I have no/or very specific limited rights).

 

Water.  Food.  Ammo.  Precious....and no you can't have any of mine.  :)

Fri, 08/26/2011 - 14:00 | Link to Comment passwordis
passwordis's picture

 But WHY in the world would you update the IRS with your plans? Please don't say because "it's the law".   The law says you have to pay capital gains on your silver and gold too but I don't see many people contacting the IRS when they sell their physical.

Fri, 08/26/2011 - 15:16 | Link to Comment lunaticfringe
lunaticfringe's picture

Well up until that new reporting law, buried in Obamacare, takes effect on Jan. 1, 2012. On that date, all transactions above 600 bucks must be reported. At that point, virtually all of us will become criminals. Gawd, I love this penal colony!

Fri, 08/26/2011 - 15:44 | Link to Comment DosZap
DosZap's picture

lunaticfringe @ 15:16,

Unless I am mistaken, that 1099 LAW is no more.

<http://www.lavante.com/the-hub/tax-identification-numbers/president-obam... >

Fri, 08/26/2011 - 22:10 | Link to Comment passwordis
passwordis's picture

"Well up until that new reporting law, buried in Obamacare, takes effect on Jan. 1, 2012. On that date, all transactions above 600 bucks must be reported. At that point, virtually all of us will become criminals. Gawd, I love this penal colony!"

 

As of April 14, 2011 the reporting requirement you are talking about was repealed by the  "The Small Business Paperwork Elimination Act"   Thank God for small miracles.

Fri, 08/26/2011 - 13:18 | Link to Comment tony bonn
tony bonn's picture

this is excellent advice.....the usa is a criminal kleptocratic state whose enshrinement and expansion of eminent domain provides additional despotic tools for stealing from people to sustain the rapacious police state.

as the house of cards accelerates its implosion, the criminals that be will look more desperately for sources of money to finance their fraud.

Fri, 08/26/2011 - 13:35 | Link to Comment thunderchief
thunderchief's picture

Americas Super Max prison system is a real power tool that will ultimately keep people from revolting.  It's capitalisms Gulag, and it's far worse. 

I think at the end of the day, the Super Max is waiting for every American for something.  Even for owning a foriegn Bank account. 

But the name sounds really cool.  Super Max.  Like Grand theft auto.  Maybe put  a year in their before Marine Corps. Boot camp.  Or just plain ass retire there.

Fri, 08/26/2011 - 14:02 | Link to Comment Dr. Acula
Dr. Acula's picture

 >It's capitalisms Gulag

Capitalism is a term in economics that means private ownership of the means of production. It has nothing to do with sticking people in cages.

>Super Max prison system is a real power tool that will ultimately keep people from revolting.

A democratic society has never been overthrown by revolution. Why would people revolt when they can just pick a newer set of bozos to screw things up worse?

Fri, 08/26/2011 - 13:54 | Link to Comment gwar5
gwar5's picture

The greater the size of the debt and deficits, the more desperate the government will be.

 

Fri, 08/26/2011 - 14:26 | Link to Comment pazmaker
pazmaker's picture

Yep simon...uh I mean Tony  and all the other governments around the world that Simon suggest are so upstanding ethical and  straight as an arrow and would NEVER think about confiscating the riches you bring to their country

Fri, 08/26/2011 - 17:00 | Link to Comment gmj
gmj's picture

Homo sapiens is a criminal kleptocratic species.  There is no escape. 

Fri, 08/26/2011 - 13:18 | Link to Comment tempo
tempo's picture

In 1913, individuals were ordered to surrender all their gold under penalty of 10,000/oz fine and/or 10 years imprisonment. If and when the President issues a similiar order it will make no difference in which country or whether the asset is in gold, cash, silver, etc. You might be able to hide if you surrender you USA citizenship. Otherwise, just relax and enjoy it.

Fri, 08/26/2011 - 13:50 | Link to Comment gwar5
gwar5's picture

I think it was 1933. And, while they threatened everybody with harsh laws, they never did go door to door or anything like that. Just fear and intimidation. I did hear from my great uncle that lived through it that the Gov had the bankers seal the safe deposit boxes until an IRS agent could be there to witness it being opened -- and tax people according, and/or take the gold. 

 

But I am not aware of anyone having been put in jail for 10 years for having gold. Perhaps it happened, but those were compliant people then and the government not interested in mass arrests of the Ma and Pa Kettles. This time around most of the gold has already been confiscated. It might cost them more to round up the scraps out there in circulation than the value of the gold they could get.

 

Fri, 08/26/2011 - 17:47 | Link to Comment Pool Shark
Pool Shark's picture

Forget it, he's rolling...

http://www.youtube.com/watch?v=V8lT1o0sDwI

Fri, 08/26/2011 - 13:59 | Link to Comment Cleve Meater
Cleve Meater's picture

It will make a hell of a difference actually... If (when) the President orders US citizens to surender all of their gold, they will go after the low hanging fruit first.  They aren't going to mess with offshore vault storage facilities initially.  That gives you time.  Secondly, when that day comes would you rather be a US citizen who's gold is in a safe deposit box in a bank, or a US citizen whose gold is offshore?  Who has an easier time surrendering their citizenship in that scenario?  The guy whose assets are offshore of course.  Folks can bitch about SB, and yes he does have flashes of arrogance that are obnoxious, but the advice is sound.  Diversifying your assets internationally is not a bad idea.

Fri, 08/26/2011 - 14:16 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Why have a bank here or offshore hold it for you?  I can hold it just fine by myself thank you.

Plus, companies are already trading in gold, silver, and barter right now - www.opencurrency.com.  Best bet is to just ignore the Feds as long as possible.  The more of us that ignore them, the more problems THEY will have.

Fri, 08/26/2011 - 15:13 | Link to Comment pods
pods's picture

I just cannot come to grips with people willing to store bullion halfway around the world thinking that when TSHTF that they will hop on an airplane and chill around the world. 

I have yet to be able to get on an airplane carrying a PTR-91 and 1000 rds of ammo.

Sorry, I will stay where the guns are.

pods

Fri, 08/26/2011 - 22:29 | Link to Comment passwordis
passwordis's picture

 There is some debate about how effective Executive Order 6102 was.  One argument is that people with the most Gold (wealthy people) did'nt hand thier gold in but shipped it out of the country for safe keeping and thus only about 22% of gold in circulation was collected.

 The other side of the argument says that the 14 million ounces of gold that was still in circulation in 1934 was legally held due to the 5-ounce exemption clause which allowed people to keep 5 ounces.


 One thing that both sides agree on is  the fact that not a single person was ever prosecuted for not handing in their gold.   Something to keep in mind.

Sat, 08/27/2011 - 12:56 | Link to Comment DosZap
DosZap's picture

passwordis,

You are correct on the part of the wealthy sending overseas.

75-90% of the old St's, and Libs, came back into the US after the ban was lifted.(thank you, if it were not for overseas holders, no telling how few $20 gold pieces would have been left).

Tons of it was sent there, and repatriated after the order was rescinded.

Fri, 08/26/2011 - 13:18 | Link to Comment thunderchief
thunderchief's picture

I keep my all my cash in Zenith Bank.

Lagos Nigeria.

The money is really dirty their.  No it really is.  Soiled from changing hands so many times.  I think they should go to coins.  Silver coins

Fri, 08/26/2011 - 13:24 | Link to Comment legal eagle
legal eagle's picture

Not illegal to have foreign accounts or foreign assets, just need to declare them.

If you have some financial wherewithal, might I suggest a Nevada, Alaska, Wyoming LLC to own the account.  In those jurisdictions a creditor can only get a "charging order" against distributions from the company - and cannot seize the company assets (unless the company itself did some wrongful act).

The best asset protection in the world (for a US person) is a Nevada asset protection trust, owning a 99% interest in a limited liability company, with that LLC owning a foreign account.

http://www.assetprotectioncorp.com/forums/ubbthreads.php/ubb/showflat/Forum/1/topic/000720/Number/0/site_id/1#import

 

Fri, 08/26/2011 - 13:58 | Link to Comment gwar5
gwar5's picture

Thanks, good tip.

Fri, 08/26/2011 - 14:22 | Link to Comment flattrader
flattrader's picture

leagle eagle,

You wrote:

>>>In those jurisdictions a creditor can only get a "charging order" against distributions from the company - and cannot seize the company assets (unless the company itself did some wrongful act).<<<

This sounds like it would work well for real estate.  But if I place monetary paper assests into my asset protection trust owned by the LLC, under a charging order any distribution the LLC makes to me could be taken, correct?

>>>with that LLC owning a foreign account.<<<

If the account is foreign, does that protect me from the charging order?

Thanks in advance.

 

Fri, 08/26/2011 - 15:40 | Link to Comment legal eagle
legal eagle's picture

The answer to your question regarding distrutions is yes..... BUT, if the Asset Protection Trust owns your bank accounts, why do you need a distribution?  The APT can buy stock, can buy a house, can buy a car, can own a company, can pay bills related to its assets - without ever making a distribution, which is the point.  I usually joke with my clients that they only need distributions for: (1) prostitutes, (2) gambling, and (3) travel cash. 

The APT owns the LLC, not the other way around.  The LLC can own your home, you can rent it from the LLC for the amount of the mortgage payments and other expenses.  Your assets are placed beyond your creditors reach.  The cash sitting in the APT can be invested and used for other purposes.   The IRS is a creditor and cannot pierce the trusts unless the liability arose inside the trust.

Having the account in a foreign jurisdiction assists with negotiating with your creditors, since oft times it is very expensive to seek to enforce a US judgment overseas.  The APT can also own a safe deposit box with shinny yellow stuff in it.

Cheers,  

Fri, 08/26/2011 - 15:52 | Link to Comment flattrader
flattrader's picture

Much clearer thanks.

>>>I usually joke with my clients that they only need distributions for: (1) prostitutes, (2) gambling, and (3) travel cash.<<<

Exactly.

So, you simply have to find another vehicle for cash distributions.

Fri, 08/26/2011 - 13:22 | Link to Comment Pool Shark
Fri, 08/26/2011 - 13:39 | Link to Comment There is No Spoon
There is No Spoon's picture

thanks that's pretty funny

Fri, 08/26/2011 - 13:26 | Link to Comment anynonmous
anynonmous's picture

Großes Haus mit Privatzimmervermietung für bis zu 25 Personen!

Big house with renting out private rooms for 25 persons!

Kaufpreis: € 499.000

http://www.remax.at/index.php5?id=showobject&objektnummer=944&kanzlei=16...

Fri, 08/26/2011 - 13:30 | Link to Comment Gustave
Gustave's picture

Is this paid advertising? If yes, please label it accordingly. If no, please stop this narcisstic bs.

Fri, 08/26/2011 - 15:17 | Link to Comment dugorama
dugorama's picture

no no, please.  he's responding to the tripe about hotels in austria that are cash flow positive.  it's an ad for a 25 room b&b or hotel for 500k euro (about $750k).  I have no idea how that would pencil out or what price per occupied room night you could charge or anything, but it does seem pretty cheap.  then of course, there's the whole issue of austrian labor costs, taxes, upkeep, etc, all of which have to be way higher than in the US

Fri, 08/26/2011 - 13:32 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

Send me your cash and gold. I will keep it safe in exotic Canada.

Fri, 08/26/2011 - 14:20 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Will do.  What's your home address again? 

Fri, 08/26/2011 - 15:00 | Link to Comment DosZap
DosZap's picture

Dr.Porkchop @13:32,

Funny dude, your ass will be annexed.

Bank it. Mexico included, we will be 3 part harmony here before it's said and done.(face it, your country has far too much to offer, for the Gulag to leave alone).

Fri, 08/26/2011 - 15:13 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

Never! We have signed pact with mother Russia!

 

Soon you will all be driving Lada.

Fri, 08/26/2011 - 13:35 | Link to Comment gwar5
gwar5's picture

Simon, I'm beginning to think you travel and blog just for the tax deductions and to make us all jealous. If you can't stay in one place for two weeks, does that mean nobody can stand you?

 

 

Fri, 08/26/2011 - 13:35 | Link to Comment Pchelar
Pchelar's picture

Simon's attitude seems to be the same as that of GE and other multi-national corporations, only writ small.  Let's even leave aside the troublesome and conflicted nature of loyalty to a nation (or at least loyalty to the government that represents it, which is sadly one and the same these days), the person who has no loyalty to any place, people, or community; but instead is just looking for whereever on earth he can make the most money is pitiful at best.

This modern sickness of placelessness in pursuit of profit is one of the prime symptoms of the decline of our civilization.

Fri, 08/26/2011 - 14:22 | Link to Comment Mongrel
Mongrel's picture

You are correct--deracinated man is global man.

Fri, 08/26/2011 - 13:36 | Link to Comment gwar5
gwar5's picture

Simon, I'm beginning to think you travel and blog just for the tax deductions and to make us all jealous. If you can't stay in one place for two weeks, does that mean nobody can stand you?

 

 

Fri, 08/26/2011 - 13:40 | Link to Comment Which is worse ...
Which is worse - bankers or terrorists's picture

Beyond just foreign banking....consider moving out of the US and getting out of the system entirely.

Fri, 08/26/2011 - 13:44 | Link to Comment YesWeKahn
YesWeKahn's picture

I really love Bernanke dump and pump. It's getting really predictable.

Fri, 08/26/2011 - 14:21 | Link to Comment kito
kito's picture

4th Pillar subscribers will now rake in a 41% return in just 90-days, all without any downside volatility

 

wow, no downside volatility!!!!!!! sounds just like chile, the best place on earth according to simon!!!!!!

if i read one more article from this blowhole, im going to puke

Fri, 08/26/2011 - 13:53 | Link to Comment A Lunatic
A Lunatic's picture

I guess there are still those who do not understand what Globalism entails. You are only as safe as your personal ability and desire to defend your life and liberty.

Fri, 08/26/2011 - 13:59 | Link to Comment moondog
moondog's picture

This might be astute advice for folks with 7 figure salaries and bank accounts, but not for the rest of us. Having the 3 F's (Friends, Family, Farmland), PM's, guns, heirloom seeds, and colonial skills are the best advice for the serfs who don't own a private jet.

Fri, 08/26/2011 - 14:26 | Link to Comment zot23
zot23's picture

Because when facists take over a govt, they always leave the independent farmers alone (for the duration).  Hehe...

Fri, 08/26/2011 - 14:47 | Link to Comment moondog
moondog's picture

Farming can also consist of partially concealed greenhouses and indoor growing with hydroponics and led grow lights. It is pretty sad when you have to hide 'legal' crops. :-(

Fri, 08/26/2011 - 18:57 | Link to Comment FeralSerf
FeralSerf's picture

The FDA is working on eliminating farmers markets and people selling raw milk.  It's for your own good, of course (and the protection of Monsanto's IP).

Fri, 08/26/2011 - 13:58 | Link to Comment catch edge ghost
catch edge ghost's picture

So absurdly beyond naive.

Fri, 08/26/2011 - 14:05 | Link to Comment PulauHantu29
PulauHantu29's picture

Oh yes, and about Chile being a "nice place":

 

http://www.guardian.co.uk/world/2011/aug/10/chile-riot-student-protest-v...

Fri, 08/26/2011 - 14:22 | Link to Comment kito
kito's picture

no!!! pulau, its not true!!!! thats the cia planting stories!!! really, simon says chile is utopia. i believe him. hes the greatest!!!!

Fri, 08/26/2011 - 14:08 | Link to Comment Landotfree
Landotfree's picture

The Treasury Department was setup to regulate "public rights", opening a bank account in your own name is not a "public right", it's a "private right".   No form is necessary for one using their private Rights to live their life.  

Fri, 08/26/2011 - 14:16 | Link to Comment sudzee
sudzee's picture

Does the bank holiday start at 4:00 sharp.

Fri, 08/26/2011 - 14:19 | Link to Comment NoTTD
NoTTD's picture

I opened two accounts last year at Westpac Bank in AUD - entirely by phone and e-mail.  Great bunch to work with, and the "term deposit" (what we would call a CD) is earning a guaranteed 7% for six years.  Additionally, I'm ahead 5% on the exchange rate.  Only drawback I can see is that you must report all overseas accounts ot the IRS on an annual basis.  Penalty for non-reporting is up to 50% of the account's highest balance for the previous year.  AUS has an FDIC equivalent and no depositor in one of their banks has ever lost  money due to failure.   Branch out, baby.

Fri, 08/26/2011 - 14:45 | Link to Comment AGuy
AGuy's picture

My biggest concern the what if's:

What if when the US goes caput, causing a massive global liquidity problem causing all nations including AUS to put in capital controls to prevent capital from leaving the country. When the US goes or perhaps even the end of the EURO, it will cause a global depression. Employment will soar and liquidity will disappear. I recall the the EU as a cause which will block capital from leaving the Euro-zone in an crisis. You can spend your money, but you have to spend in the Euro-zone.

Australia is close to a Big brother state. No Guns, Regulations on everything, and even information censorship. I wouldn't trust AUS with my money. I don't see moving money oversea as security. I see it as big risk since in a crisis, the rules that apply today, will cease to exist.

  Best of luck.

"Keep your friends close, your enemies closer and your money closest." -Sun-tzu IF he lived in our era.

Money equals freedom. Those that have money have more options and more freedom to make choices.

 

 

Fri, 08/26/2011 - 18:28 | Link to Comment NoTTD
NoTTD's picture

My ususal answer to someone questioning an unusual investment made in attempt to protect assets in some unkowable future is one of two things is going to happen:  (1) Major financial upset from which the wrolds recovers, eventually, or (2) Lort of the Flies.   If it's the Flies, what does it matter where your money is?  It's all garbage. We have the shotguns, food, water, metals, etc. to help with that.  On the other hand, if something works out somewhere,  might be good to be spread out jurisdication-wise.   

Fri, 08/26/2011 - 14:19 | Link to Comment NoTTD
NoTTD's picture

That's "AUS", not AUD.

Fri, 08/26/2011 - 14:30 | Link to Comment DosZap
DosZap's picture

NoTTD,

Yeah, we know that's the currency abrev.

Thanks though, good luck!.

Fri, 08/26/2011 - 14:25 | Link to Comment Construct
Construct's picture

 


Well niggers I don't know about you but personally I store all my trillions in Zimbabwe with 'Mugabe Central Bank Inc'. Then when I have some free time I party hard in fucking kosovo with some urine soaked third worlders in a house that is half bombed.
Fri, 08/26/2011 - 14:35 | Link to Comment DosZap
DosZap's picture

Construct @14:25,

YOU owe me a KEYBOARD damn you!............blew coke all over my workstation.Too damn funny.

Fri, 08/26/2011 - 14:38 | Link to Comment Construct
Construct's picture

Well thank you dear Sir. You are too kind. Unfortunately that is as far as I will go. You will have to pay for a new workstation you're 'damn self'. ;)

Fri, 08/26/2011 - 14:50 | Link to Comment arizona11912
arizona11912's picture

Actually Kosovo is not a bad place now. Last time I was there in 2006 it was a huge construction project. The people there were really cool. Simon is the same guy who thought the Euro was going to collapse. Once the Euro bond is formed it will be even stronger (in relative terms of course lol) What a douche... He's a salesmen thats all.

Fri, 08/26/2011 - 14:50 | Link to Comment arizona11912
arizona11912's picture

Actually Kosovo is not a bad place now. Last time I was there in 2006 it was a huge construction project. The people there were really cool. Simon is the same guy who thought the Euro was going to collapse. Once the Euro bond is formed it will be even stronger (in relative terms of course lol) What a douche... He's a salesmen thats all.

Fri, 08/26/2011 - 15:02 | Link to Comment caerus
caerus's picture

lol

Fri, 08/26/2011 - 14:27 | Link to Comment i love cholas
i love cholas's picture

What the hell do we have all these guns in this country for if we are going to ship our gold off to some foreign dump instead of protecting the gold ourselves.

Fri, 08/26/2011 - 14:38 | Link to Comment honestann
honestann's picture

Beware of Simon Black.  This ex-CIA and/or "military intelligence" is almost certainly a fraud and a bozo.  Besides, with almost all governments and banksters either happily following the predatory patterns of the neo-nazi USSA, or being pressured into it by the USSA, why would anyone let anyone else hold their assets?  Even if Black wasn't a fraud, his advice is decades out of date.  NO government on earth can be trusted today, and most certainly NO bank or financial institution can be trusted.  Take care of your own business, hold and secure your own assets, and stop expecting others to take care of you, because they won't.

Fri, 08/26/2011 - 15:27 | Link to Comment YHC-FTSE
YHC-FTSE's picture

Sound advice as usual. I used to go skiing in Zell-am-See almost every winter when I was a school kid, so his article brought back fond memories, and I thought perhaps I should consider investing in a chalet there. Even 20yrs ago, it was a very busy ski resort so goodness knows what it's like now. But your post made me change my mind. 

 

He does make his lifestyle sound very attractive, and one or two of his ideas (If they were not borderline illegal or too much trouble) have merit. But I suspect that if I were to start gathering multiple passports and bank accounts in as many different countries as he recommends, I'll have my file flagged as suspicious in a heartbeat and disappear at a random airport. The whole James Bond thing is too conspicuous to succeed, imo. 

Fri, 08/26/2011 - 14:37 | Link to Comment DosZap
DosZap's picture

A tad O T ,but WHEN is the next 40% margin HIKE?,I cannot buy Gold at $1826.00,,,,,,,,,,,,,,,,,,,,,,,,,agin my religion.

Well, as we thought lasted what?, 72hrs?.

Shiut.

Fri, 08/26/2011 - 14:44 | Link to Comment shazbotz
shazbotz's picture

If you can't remember when 9/11 happened then how can you fix a whole country?

this is why America is doomed to fail...

Americans can't remember what year 9/11 happened

http://www.youtube.com/watch?v=uNi087bVVMY

 

sad

Fri, 08/26/2011 - 15:03 | Link to Comment JW n FL
JW n FL's picture

 

 

++++++++++++++++++++++++++++++++++++++++++

This is why America sits and does NOTHING!

while the S.E.C. destroys files for the last 20+++ Years!

http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817

while Ben-O-Cide dumps $1.2 trillion in secret into Wall Street / Job Creators pockets! 

http://www.bloomberg.com/news/2011-08-21/wall-street-aristocracy-got-1-2-trillion-in-fed-s-secret-loans.html

http://www.youtube.com/watch?v=TRCh8p42vSU&feature=related <-- enjoy the tunes while America Sinks!

Maybe we will get lucky and some more Buildings in New York will fall down, with no planes and / or other thing making them... magic Hurricane winds??

Fri, 08/26/2011 - 14:55 | Link to Comment kevinearick
kevinearick's picture

They may confiscate your assets anytime, anywhere. Stay ahead of the algebraic reduction curve.

Fri, 08/26/2011 - 15:16 | Link to Comment DosZap
DosZap's picture

kevinearick, @ 14:55

Dudeski, you are right on.

Everyone American alive right now(except underage children),that has come into adulthood, and has participated in the system, is ALREADY guilty of a crime.

ALL of us have/are guilty of breaking/broken some inane law, that IF they wanted to use as an excuse to prosecute you, and seize your assets, and you they can.

(Just look at the laws we know about that have been put into place for one specific reason, and are now being used for any and everything.)

RICO Act comes to mind first.

Racketeering Influence and Corruption Act, meant for the Mob, and Drug dealers.

Recently used against Anti Abortion Protestors..........no joke.

Then you have the Patriot Act(the one Obumma was going to do away with?), who knows all the details entailed in that.

GOD alone,and whatever they want it to cover.

Then we get to do they need (really) ANY reason?,no, if they wanted they can simply charge you with bogus crap, and it's up to you to prove otherwise.

So,lots of posts, and lots of do's,dont's. Bottom line doesn't mean a damn thing, it is, whatever it is.

All we can do is live our lives the best we can, obey the laws (as we know them,as all here know ignorance of the law is not a defense), and pray smarter, cooler heads prevail.

And, hope against hope, someone with a brain, stops the insanity.

Fri, 08/26/2011 - 21:06 | Link to Comment ZeroAffect
ZeroAffect's picture

Both of you are on target - just remember all the crap in the Heath Care bill, the Financial Reform bill, the Food Safety bill and on and on it goes.

Bottom-line - much of the language in the legislation passed by the criminal class is vague for a purpose, which is to allow bureaucrats and lawyers to INTERPRET the meaning and intent in any way THEY see fit.

For anyone who does not have their eyes & ears open then you need to LISTEN UP !!! The state is in control and YOU WILL OBEY, OR ELSE......

Fri, 08/26/2011 - 15:25 | Link to Comment PeterSchump
Fri, 08/26/2011 - 16:12 | Link to Comment kevinearick
kevinearick's picture

The Anxious Consumer

When the superstitious/religious folks lose all their psychological moorings and wake up to what appears to be fulfilled prophesy, the Nostradamus/biblical self-fulfilling prophesy bullsh**, how do you expect them to behave?  Building a self-sustaining community in their path may not be the wisest move. Planetary variability is going to correct this problem, but is not simply going to immediately cease once human behaviors are modified.

If you remain addicted to the consumption economy, subject to anxiety attacks, here is what you may want to do:

When you are emotionally balanced, make a plan, subject to change, with a list of priorities. When you find yourself outside the lines on the road, too elated or too sad, start completing the list, in the order the opportunities become readily available to do so. As soon as you are stable again, re-think the plan. Repeat, until you can stay on the road without crashing. Once you can reliably drive again/wean yourself off the system, decide where you really want to go, to build your identity. You will automatically become increasingly mobile in the process. Don’t get too elated, and you will not get too sad/mad/whatever. The consumption economy is like any other drug. There is no point in pretending you want to quit the habit when you have no intention of doing so. Just move along to the slaughter house.

Of course the “instincts”/programs installed by the nexus to ensure the immediate gratification algorithm will tell you that you are not being successful and must return to the safety of the fold. If it took 40 years to become a slave, or you were born a master, success is improvement each day, not solving the entire problem in 5 minutes. Fix the process, control your mind instead of allowing it to control you, and all of the symptoms of the “illness” will go away. Do not bother attempting to fix the symptoms/past. The more intelligence applied, the better the performance.

You can’t sell your freedom, to avoid responsibility, and expect not to be controlled. Consumption creates the illusion of self-control, with decreasing efficacy, hence the Ponzi nature of the system. You are attempting to control others with your anxiety, false crises, they respond “unexpectedly” after a few iterations, and you become more anxious, so you migrate from person to person, giving them immediate gratification in return for competing against each other to satisfy your needs, always expecting a different/better result. You are a disposable receptacle. Solving a problem requires an honest appraisal.

Make your gates by learning to surf the wave that is there, instead of trying to force your will on the environment. Learn to adapt; adapt to learn.

Fri, 08/26/2011 - 16:40 | Link to Comment exodus11
exodus11's picture

Just figuring out travel and hotel plans to the places SB talks about would take hours a day. The rest of the day is spent in, umm, meetings? Add time for traveling; I guess this guy is a robot because he doesn't need to eat or sleep or relax.

He's a lean, mean marketing machine.

Anyone know his real name?   I bet there is a record on him :) Why else do you think he travels all over the place.

Fri, 08/26/2011 - 17:24 | Link to Comment boattrash
boattrash's picture

Upon reading, I concluded that Aprox. 80% of the comments come from people that have not come to terms with their own mortality. I also believe they overestimate the power and efficiency of DHS and many other clusterf--- agencies. As to civilian/active duty ratios, I think I roughly crunched those numbers in my head (from the Almanac) at Aprox. 300:1...Add in all other G-Men and maybe it's 100:1...I'll play those odds any day. Book your flights, charter your boats, they say Mexico is friendly and has little corruption these days.

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