Posted on 02/27/2009 7:14:30 PM PST by quesney
Recent posting by Candor7 is worth its own discussion.
What are you doing to protect you and your loved ones from Obanomics?
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From: Candor7 (Freeper)
To: True Republican Patriot
Well, I have moved ALL of my family savings and prtfolio to Montreal. We are liquidating everything and sending it to the country that has the most stable banking system in the world. Anyone can do the same inside the USA by opening an account at a Canadian branch bank, and putting money into an account, and then investing in bearer bonds or preferred shares in the bank, redeemable here in the USA, or in Canada.
My FA in Canada said that the US banking system is essentially kaput.
Obama's goal is to destroy the wealth of the so called "ruling class" of America, and then drive them out of the country if he can.
Dow at 5000 by the end of March is a big fall, I expect 6000 to 6500, but if it goes to 5000 by the end of mArch, we will be at ZERO by August.
Right where Obama wants us, so he can begiin to use fascist tecniques on contolling the populus. Oh yes. I wish I was paranoid, but its all too real folks. And we are running out of time.
53 posted on 02/27/2009 4:45:42 PM PST by Candor7 (Fascism? All it takes is for good men to say nothing, member NRA)
[ Post Reply | Private Reply | To 47 | View Replies | Report Abuse ]
Ah, ah, ah... aaaah
We come from the land of the ice and snow,
from the midnight sun where the hot springs blow.
RBC is not all that stable now...
Just saying...
ESOP retirement accounts seem pretty safe as long as your company does well and the CFO isn’t a knucklehead.
Canada is [considered] a winner because its banks are less leveraged, bank regulation here has been tighter, because its housing market hasn't been in a bubble quite the same way. It's tempting to conclude from that ... that Canada will be less hard hit in the crisis than the United States. But that is unfortunately wrong. Because this is a very unfair crisis. The epicentre is the United States, but the rest of the world, and particularly America's trading partners, will get hit harder than the U.S.”
Why is it always - "run away, run away!"?
I'm not giving away the US and that includes the coasts. How much blood it takes is up to the left.
You want the locus of the investment to be in the head office of the bank. That way whatever regulatory measures taken by the US government do not effect your investment. So bearer bonds or preferred shares in the bank are the way to go.
That way you have a US door to retrieve your money,and a short trip to Canada to retrieve it if things go bust here.( you declare your earnings on the way back if your negotiable instrument is 10,000 dollars or more)Thats a lot better than an account in a US bank which is insured by FDIC, which is now almost broke compared to potential liability on the FDIC. They will run out of money
to pay claims.
Other folks are doing the same with the Philippines National Bank, which is stable.( Branches on the West Coast)
You continue to file US taxes on interest earned.
And you sleep at night. There is nothing illegal about it.
Resources, Good Luck:
You have to have a Canadian Social Insurance number to open a resident canadian Bank Account.
However there are ways to securely invest your money through a Canadian branch Bank here in the USA,and it will remain a lot safer than in ANY US Bank. THey are rock solid, having already paid off all of their derivative bad paper.
Scotia Bank , Royal Bank of Canada, all have on line presence, but its better to attend a branch in person, open an account and get your money into a safe position.
http://scotiabank.com/cda/content/0,1608,CID5964_LIDen,00.html
Scotia Bank
Liberty Plz @Liberty St
New York, NY 10001
212-962-4123
***************************************
Royal Bank of Canada
http://www.rbcwminternational.com/locations.html?new-york
Tower 49
12 East 49th Street, 35th Floor
New York, New York 10017
USA
*******************************
Advice: Ask for Stephane
Make sure you tell him you are a US resident.
1-866-697-7174 EST Toll Free
Gold, ammo, and hierloom seeds.
I bought a house in palmdale cal
3/1 1100 sq ft build in 1955 nice quiet street two blocks from a 4000 student high school and a junior high.
It sold for 200k in 05, i got it for 52 cash
it is rented out at 800/month
I am trying to buy 3 or 4 more
when inflation hits, i am good to go.
Plenty of arms, no doubt
Well I can tell you that Canadian Banks have been doing business next to the USA for a very long time. The giant farts, they get sh!t on, and I assure you they know what they are doing.
How many banks in Canada failed in the 1929 crash?
Zero. Nada.
Tell that to Niall Ferguson.
Oh Canada had it rough, but no one lost any money they had in a bank.
Ammo, and lots of it.
I was just going to say that.
Ping to my post #47
He is a fool. He thinks that there is no cause and effect to taxing. If the 'Rats are allowed to pass the zero's budgets or anything that even resembles them, the country is screwed. He will cause a rebellion among the producers who will simply stop producing.
Well, that's what the navy would suggest. When unsure, when in doubt...
I started by getting laid off.
Thanks.
I’m not sure we’d be stopping to ask permission...
As are you. Birds somewhat of a feather.
I have tried to help everyone on this thread you created , as much as possible.
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