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Glimmer Of Hope In Florida

Posted on 11/06/2012 7:23:54 PM PST by zeestephen

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To: cuban leaf

“I don’t care who wins. The problem is that it is this close.”

Agreed. I was appalled the election might only be a 55-45 split for Romney. But even if Romney wins, it will be by such an incredibly tiny margin after 4 years of insanity that there is no excuse whatsoever!

A country can only flip off God for so long before judgment falls.


21 posted on 11/06/2012 7:57:58 PM PST by Mr Rogers
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To: zeestephen

Santa Rosa results:

Romney

53,835
Obama

16,237

Not nearly enough....sad, really sad for America.


22 posted on 11/06/2012 8:00:44 PM PST by jch10 (BO went to bed and let Americans die.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks zeestephen.


23 posted on 11/06/2012 8:05:48 PM PST by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: EnquiringMind; Scotswife; cuban leaf

I’ve not seen an “Offshoring Assets for Dummies” book, mostly because there isn’t a formula for doing it if you are of relatively modest wealth. If you are wealthy, then most financial advisers that cater to high net worth clients would be able to help you.

Why do this? For myself, it comes down to the fact that I no longer trust the US banking system. This is not due to a fixation with fiat money, but rather with Fed policy and the collapse in economic liberty in the US. I think it’s more likely than not that the US government will impose capital controls in the future. At that point, there will be no practical route of escape from Obama-style rule, no matter how much you hate it.

Many banks in other countries do not want to do business with Americans, due to the regs they must follow as a result of international “money-laundering” treaties. So it helps if one can secure a second passport. Some countries (e.g. Ireland) offer them to the children and grandchildren of emigrants. If you can present yourself as a non-US citizen, it will be much easier to open and maintain an offshore account.

If this is not an option (my case), then you need to find a bank that will still accept assets from Americans. Obviously, you must select a sound bank in a country with little political and economic risk (Chile, Belize, and Singapore come to mind). You will want to follow all US tax laws to the letter. Note that some jurisdictions have very strict secrecy laws, and routinely deny the US access to financial records. These are the best ones! Although it will be entirely up to you to comply with tax laws, you will want to follow them to the letter as long as you are a US taxpayer.

I’ll see if I can find some of my research on these options.

I also agree with cuban leaf that hard assets/commodities, and even stocks, will perform well in nominal terms before the ultimate collapse.

When the collapse comes, it will be swift, like in Argentina: there will be an overnight devaluation of the US dollar, then a rush to exit US dollar-based securities. The result will be a long-term lowering of the US standard of living to the level of Spain or Portugal.


24 posted on 11/06/2012 8:09:44 PM PST by oblomov
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To: oblomov

Thank you so much, oblomov, for taking the time to inform us and to research our options. I am scared to the bone.


25 posted on 11/06/2012 8:36:57 PM PST by EnquiringMind
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