This is a quotation of an article from those who knew and warned about this unfolding crisis. Do not underestimate the warning.





We are patriots. We have proudly served in our country's military, have extended a helping hand to its public sector, and have plowed our entrepreneurial enterprise into its once fertile soil. We love America, but these days, America does not love us back. It takes without giving and squelches free enterprise. These days, America is no longer the land of the free, especially when it comes to the market.



Just look at the headlines, seemingly ripped from the pages of Atlas Shrugged: Unconscionably large bank bailouts. Punishing regulations and tax requirements. An arctic business climate. Government money bombs. Riots and protests. Slowing trade. Protectionist rhetoric. Demonized corporate executives. Even pirates hijacking cargo ships. One can guess what will happen next.

We predict the next several years will usher in larger, more obtrusive governments, resulting in a decline of personal liberty and financial privacy. The world will become increasingly polarized between two groups: those who consider government intervention a great idea, and the rest of us who happen to be sane.

As such, you can bet your last falling dollar on some absolute certainties: bank nationalization is a given, at least de facto if not de jure; taxes are going up on those of us with any money left; the Fed’s money blitzkriegs will spark a blaze of inflation; and financial privacy will be a thing of the past in the United States.

The obvious and necessary solution is to position one’s finances outside of the United States, and to do so now, while the narrow and finite window of opportunity is still open.

To be clear, evading (or even avoiding) taxes at this point is not a wise move, given the size and scope of the ever-growing IRS. But there are significant advantages to expatriating your capital now:

For starters, you will actually have control of your own money. Yes, in certain instances you’ll be obliged to tell the IRS exactly where it is and what you’re doing with it, but no government agency will have the authority to reach into your overseas pocket and freeze or expropriate (read: steal) on a whim just so Team Obama can give it away to pay for someone else’s McMansion. Plus, when exchange controls are implemented and Americans are forbidden from wiring money overseas, your capital will already be secured in another jurisdiction, where you will be free to do what you want with it.

Secondly, you will no longer have to assume the risk of insolvent banks or go through the hassle of petitioning the government to get your FDIC insurance bailout. Many overseas banks are far better capitalized than those in the United States, and some of them are in jurisdictions with constitutionally protected banking privacy.

Lastly, and probably most importantly, moving money overseas gives you a last chance at diversifying out of the dollar, which, in a very short period of time, will barely be worth the paper on which it's printed.



Bank and Brokerage Accounts



Opening a foreign bank or brokerage account is easier said than done; the United States government severely restricts where and under what terms you can open a bank account, invest in a fund, or engage in other economic activities that facilitate the protection of and access to your assets. As the signatory on an overseas account, you are required by law to inform the federal government on Treasury form TDF 90.22 by the end of June each year. Ostensibly, this has been done in the name of fighting money laundering, but it has the effect of severely restricting your freedom of financial movement.



Many foreign banks simply won’t work with you… don’t worry, it’s nothing personal. Uncle Sam has been beating them down since the Reagan years, and between Qualified Intermediary rules, tax treaties, and the USA PATRIOT Act, Sammy gives himself a lot of regulation to bury the opposition with.

There are some jurisdictions that are still excellent banking centers; Switzerland may have rolled over, but Panama, Uruguay, Singapore, and the United Arab Emirates have thus far ignored the call for “greater transparency” (read: government access to private finance).

Some individual banks, like Credicorp and Global Bank in Panama, or Banco Itau in Uruguay will not work with U.S. citizens anymore, but there is still opportunity with the hundreds of remaining banks in these jurisdictions.

Similarly, opening a foreign brokerage account is a shrewd move, not only to move your money overseas but also to have greater access to financial markets. Remember when world markets tanked on Martin Luther King Day 2008? If you were a U.S.-based investor and wanted to sell, sell, sell, you had to wait a full 24 hours until the markets opened after the holiday on Tuesday morning. If you had been invested with global depository shares through a foreign brokerage, you could have saved yourself several points and gotten out in time.

We would suggest looking at Verdmont Capital and PanaAmerican Capital in Panama, and Saxo Bank in Denmark.

Bullion Storage



If you have gold, it would be highly beneficial to get it out of the U.S. – stat. If you do keep it in the U.S., your only truly reliable and private option is to store it yourself in a safe that you bury in your backyard. Otherwise, move it out of the U.S. now before Team Obama pulls an FDR and takes your gold from you.



At the moment, gold is not considered a monetary instrument by the U.S. Customs and Border Patrol, so there is no legal requirement to declare your bullion upon leaving the United States. Some countries, like Taiwan and Uruguay, require you to declare gold in excess of a certain value to customs officials upon entry.



We recommend Panama, Austria, Switzerland, and the United Arab Emirates as locations to store bullion; one particular favorite is a location called Das Safe (www.dassafe.com) in Vienna where anonymous safes start at 400 euro/year.



Real Estate



It might sound counterintuitive after the subprime debacle, but real estate is a sound option for moving money outside of the United States; there are zero reporting requirements. It's your business where you own property, and (so far) no one else's. You can purchase property in a private way by setting up a corporate structure to hold the assets so that they're not in your name (Panama is an excellent jurisdiction to set this up), and although there are many places with depressed real estate markets, there are also many with good growth potential: in Latin America, we would recommend Panama, Colombia, Uruguay, and Chile. In Europe: Slovakia, Albania, and Poland. In the rest of the world: Lebanon, Hainan Island (China), the Philippines, Cambodia, and New Zealand.



Time is of the essence – start looking for your safe haven now.

If you want a foreign bank account move!!!! Then you can open one. And as the saying goes's if you don't like it leave it..boat's and or airplane's leave all the time..do america a favor be on one!!!

NoGames39, you best take that red pill and accept socialism, cuz obviously capitalism ain't workin'... or you can take your money and bail out...

As for me, I ain't got no money to put in a foreign bank account. I live paycheck to paycheck..!

So I'm gonna stick it out, you bail out if you want...

I'm about to make breakfast... would you like some eggs benedict, Arnold?

I wonder if people look @ what they have..not picking on you. But NoGames39 I do beleive is talking while walking on his hand's. Have to be careful here not to call people names like dirt, trader's..dang I did it!!! I'll get a message from a monitor. But I happen to love this country. And SOME PEOPLE want to blame the current president.. THINK ABOUT IT?? how long has he been in office? Give the man a chance. His plan may not work. But either did the previous president's plan. Was there a plan?? So keep talking trash about america. This is the problem... I do beleive the republican's are upset. Let's see what happen's.

The problem is not who the president is or what he does. You could have all, JFK, Washington, T.Roosevelt,Lincoln,Reagan and all the fathers of Constitution sitting together as presidents at once, they couldn't fix the problem, if you ask me.

It's simply....too late.

People still haven't realized, this is not "An American" problem , it's global. But keep drinking the kool-aid, it's ok, I'm enjoying the point-the-finger and blaming on parties and left or right, while the roof is on fire and there isn't enough firemen to take it out until it fully burns down.

One thing I believe we can all agree on is that change is a coming...

I see change. The houses are selling in my neighborhood. I just picked up a flier from a house for sale. It's an older,
2 bedroom frame house selling for $142,500. Yep, change is slowing coming.

Yep... The sky is not falling the sky is not falling the sky is not falling.

House prices are still not at the actual place where the house is worth what you pay for it.

Anyone that is claiming this is a turn around is looking at the tree and missing the forest.

Prices have been delibrately leveraged over the last 40 years so that bigger and bigger profits could be made...

Make a profit based on air and eventually you fall to the earth.
air is there to breath not stand on or build markets on.

I am quite confident that the house that is selling for $142,500 in my neighborhood is making a small profit if he sells it at that price.

now is the perfect time to buy a house. if you can get the credit

now is the absolute worst time to try and sell a house. If you can it would be best to sit on it another year or so

Quiet,

It's doing alright in my area. People are buying and selling like normal.

Where did this article come from Nogames?

Never mind Nogames, I found the article, it's just a sales pitch I wouldn't trust right now anyway.

I don't know why all the arguments. If you happen to like "the change", you have no problem. It would be actually great for you, if all the hated capitalists and big business leaves you alone with those who want the change same as you.

So, chill out and take it easy.

I posted this only as a warning to those who might care. Capital controls are coming. Mind the time.




Yes, and no. Yes, because the price fell. No, because it will continue to fall for a lot longer. Anybody who buys now, will be in the same situation as those who bought on the top, because when prices fall in half, this price level will look like a mountain-top.

i live check to check as well. as soon as I earn it...it's spent.

Then you have nothing to worry about. In other words, you barely give back to the society what you require for your own survival. There is nothing wrong with it. A majority of people would fall in this category. There is no presumed right or wrong about it.

The message is for those who have earned the credit for their contributions, that they haven't spent yet. This credit is going to be taken by force, unless it is out of reach of communist Obama, but the time window is closing as Obama is closing the borders.

The article is Craziness as usual. I guess the great fearmongerers cannot get the masses to buy into the fear anymore, we saw where it got us the last 8 years, they are feeding it to each other in hopes that it might be contagious.

These aritcles and blogs are abundant now. Spurred usually by people who have issues with Obama outside of his performance or qualifications.

You go hitler!!! what is wrong with you...,and you are the one to say people point finger's...no that was not you that was your twin brother....leave with your 10.00 dollars in hand..that's probably all your worried about.. CHANGE IS COMING..I truley hope you can afford internet in a year.. we shall chat.