Four Overseas Options to Protect Your Money

Four Overseas Options to Protect Your Money

The debt-ridden U.S. government is desperate to keep your money inside the country. That’s why the government will always be spreading misinformation…such as the lie that offshore asset protection is dead. The truth is that, for U.S. citizens and permanent residents, the offshore option is alive and kicking. It’s never been a more necessary part of your personal wealth preservation plan than right now. It’s also never been easier.

A Second Passport: Your Ticket to an Easier Life

A Second Passport: Your Ticket to an Easier Life

When it comes to taking your life and assets offshore, few tools are more valuable than a second passport. I have one, and it makes my life easier in many ways. For example, I am able to enter Brazil and several other countries on my second passport (South African) visa-free, since Brazil requires visas for U.S. passport holders. And when I go to certain countries—ones that aren’t big fans of the U.S.—using my second passport helps me avoid attention.

Protect Your Privacy From the Snoops

Protect Your Privacy From the Snoops

The United States was founded on the principles of personal freedom and individual liberty. Unfortunately, we seem to have wandered far from these standards. In 2013, U.S. National Security Agency (NSA) whistleblower Edward Snowden told us just how far: The government can look into our personal lives via phone records, emails, and our internet histories. The NSA has the capacity to reach nearly 75% of all U.S. internet traffic. It can read the written content of emails and access the information of phone calls made via the internet.

The Best Way to Legally Preserve Your Wealth Overseas

The Best Way to Legally Preserve Your Wealth Overseas

Back in November 2013, the International Monetary Fund (IMF) floated the idea of a “one-off wealth tax” to help pay off the debts of heavily-indebted developed countries, like the U.S., Japan, and much of Europe. Such a tax had been used earlier that year in Cyprus. It wasn’t just the IMF, either: The European Union, the German Bundesbank, and the Bank of England had all been dropping hints that a wealth tax could be coming soon. Ideally (for government, anyway), a “wealth tax” would be imposed on households’ net worth —including their shareholdings and fixed assets such as real estate—but this would pose difficult logistical and enforcement problems. So the most likely scenario is a levy on bank balances, as in Cyprus. Banks would simply be instructed to deduct a certain percentage of the balance—say, 10%—of each savings, checking, or deposit account and transfer it to the government or central bank.