both
You buy stuff on the foreign card that gets paid automatically by the instruction you gave the bank to auto pay the total every month.
The monthly statement is delivered to your foreign mail box and the initial instruction to the bank are the only trails
Thanks much.... gonna file that under useful information. Where I live we have lots of hack politicians with roots in “The Islands” The Caribbean. One that was indicted put his bribes from sleazy developer into a Jamaican or Bahamas bank. Plus the hack had a nice vacation home there
I like to theorize that Timothy Guitner has had lots of money and gold deposited abroad for him. He grew up in Thailand anyways. This would have been Goldman Sachs paying him off for the free $10 billion they got from AIG. A few others. Timmy is leaving Gov’t service so it seems. How long until he moves abroad to be where his money is
One problem illegal alien Mexicans have is sending off the books cash home to Mexico. I read that some sign up with a bank (say CITI) that operates here and in Mexico. They deposit money in the ATM here then the mamacita in Mexico also has an ATM card and can withdraw it in Mexico