============================================
THE SOVEREIGN SOCIETY OFFSHORE A-LETTER
Your Link to Freedom, Privacy & Prosperity in the Offshore World
Tuesday, October 11, 2005 - Vol. 7 No. 205
============================================
In This Issue:
* COMMENT: You Can Trust Offshore.
* OFFSHORE: Tax Haven Bahamas Causes Poverty?
* WEALTH: Clipping Hedge Funds.
* PRIVACY & RIGHTS: The Fearless F.B.I. at Work.
============================================
ADVERTISEMENT: Start to Turn $200 Into $6.6 Million
You won’t see these kinds of gains following your broker’s advice.
I’ve identified 7 stocks set to rise 32 times or more. These are highest
yielding, fastest-growing, most ignored stocks on Wall Street. And you
can get started with as little as $200. Sound too good to be true? Then
check out the first six months of my service absolutely free!
LINK: http://www.agora-inc.com/reports/PNY/WPNYFA56
============================================
COMMENT: You Can Trust Offshore.
Dear A-Letter Reader:
Frivolous litigation, expensive legal defense costs, outrageous jury
awards and government privacy invasions (allegedly to combat terrorism
and money laundering) have combined to create an urgent need to protect
your family and business wealth and your privacy.
To grasp the severity of the problem, consider that over 50,000 lawsuits
are filed each week in the US. More than $163 billion is paid each year
in damages and lawyers' fees related to tort lawsuits.
Although wealth protection objectives can be achieved using domestic
entities such as family limited liability companies, protection can be
enhanced greatly with international planning. Offshore techniques
provide significant benefits, including: US civil judgments are
generally not recognized overseas; shorter statute of limitations;
greater privacy; diversification of financial risk; better investment
flexibility.
The foreign asset protection trust is one of the most powerful wealth
preservation structures. It can protect your wealth, notwithstanding
efforts by the US or other governments, to deter legal offshore
financial transactions and investments.
A foreign trust will protect your wealth only if it is established
before a financial crisis is encountered such as a lawsuit, bankruptcy.
With rare exceptions, a foreign trust cannot save US income taxes, in
spite of contrary claims of numerous Internet sham trust promoters.
The key to successful and strategically sound foreign trust planning
is proper structure, implementation, and full reporting as required by
US laws. Legal compliance enables the foreign trust to be a most
effective and highly desirable solution to a very serious problem.
Many offshore tax havens specialize in the creation and administration
of offshore asset protection trusts (APTs).
What the corporation-friendly State of Delaware is to US companies,
these nations are to asset protection trusts. Many are well developed,
globally recognized financial centers. They boast modern, efficient
banking, legal and other professional providers who understand and
thrive servicing APTs and offshore finance in general.
Among established APT haven nations are Panama and Bermuda;
in the Caribbean area, Nevis (half of the Federation of St. Kitts and
Nevis); and the British overseas territories of the Cayman Islands, the
British Virgin Islands and the Turks and Caicos Islands. In Europe
there is Liechtenstein and Gibraltar and in the south Pacific,
the Cook Islands. Also noted for favorable trust laws are the UK
Crown dependencies in the Channel Islands, Guernsey, Jersey and,
in the Irish Sea, the Isle of Man.
Some of these are better than others for trust creation. Some guarantee
much more financial privacy than others. And you should know that while
trusts are very private and usually don't have to reveal publicly their
creators or beneficiaries, there are pressures to end this privacy. High
tax nations are pushing to force beneficial owners of all trusts to be
revealed, on the dubious theory that many trusts are used by terrorists
or money launderers. Such pressures are especially acute in all British
controlled areas due to Tony Blair's Labour Party policies.
Before you choose a place for your trust, make certain of the latest
developments in the jurisdiction you're considering. You can keep
abreast of the latest trust news in The A-Letter and other Sovereign
Society publications. The Sovereign Society also has a special trust
report available to members. We also can recommend attorneys and
professional trust services in tax and asset haven nations. Just ask us.
We'll be pleased to assist you.
That's the way it looks from here.
BOB BAUMAN, Editor
PS: I've written a special offshore trust report that explains in detail
how to use an APT, where to base it and gives you professional
offshore trust contacts. For more information, click here: LINK:
http://www.agora-inc.com/reports/190STRUD/W190FA12/
============================================
* FROM THE EDITOR'S DESK, BOB BAUMAN SAYS:
OFFSHORE:
* TAX HAVEN BAHAMAS CAUSES POVERTY?
NASSAU: 27,000 people or 9.3% of The Bahamas' population live in
poverty says a government report. "Inequality is probably a direct
consequence of one of the country's key development strategies:
providing a tax haven for wealthy expatriates," the survey said.
But how many jobs and how much in investment does tax haven
Bahamas earn?
* 27,000 People Living Below Poverty Line, Report Says. link:
http://www.jonesbahamas.com/?c=45&a=5499&sid=4b8dda07a2a9cdcaa6138d7e07a86991
-----
* And the Bahamas government is hiring Pricewaterhouse to find out
ways to promote the offshore financial sector. LINK:
http://www.jonesbahamas.com/?c=47&a=5485&sid=25fb0f041c2ec98d2c3cefa8f8ed786d
============================================
WEALTH:
* CLIPPING HEDGE FUNDS
Hedge funds always have been far more speculative than most
investments, in hopes of even higher dollar returns. But they're
no better than the people who manage them and lately too many
have turned out to be crooks; tn steps government.
* Hedge funds: Time for a trim says the Economist. LINK:
http://www.economist.com/agenda/displaystory.cfm?story_id=4482438
* Hedge Fund Faces Questions About Money of Investors.
LINK: http://www.nytimes.com/2005/10/10/business/10hedge.html
============================================
PRIVACY & RIGHTS:
* THE FEARLESS F.B.I. AT WORK
The Beach Boys. Frank Sinatra. Liberace. Sonically, the trio shared
little from the California group's soaring harmonies to Sinatra's
saloon singing to Liberace's marshmallow soft vocals. But their offstage
antics were music to the ears of the FBI, where all three became the
subject of muckraking files in the Washington headquarters. The files
contain innuendo and allegations, with an occasional revelation.
* FBI files throw spotlight on the most famous.
LINK: http://www.chron.com/cs/CDA/ssistory.mpl/nation/3387496
============================================
ADVERTISEMENT: Secrets of the "Untourist" Revealed
Untourists pay the price of an ordinary hotel room but stay in a
luxurious spa.
They never carry travelers checks. Never stay in typical tourist
resorts.
They avoid tourist traps. And never suffer mediocre, pricey food with
tourists. Some even carry second passports.
The secrets to traveling well remain hidden to tourists.
But you can use the "Untourist's" Secrets to enjoy a lot more while
paying far less...every time you travel.
Discover how here.
LINK: http://www.agora-inc.com/reports/IL/WILVFA32/
============================================
THE SOVEREIGN SOCIETY OFFSHORE A-LETTER.
* Bob Bauman, Editor * Daniel Aponte, Jr. Editorial Asst.
SUBSCRIBE to The A-Letter FREE or send to a friend at
LINK: http://www.sovereignsociety.com/
Please DO NOT respond directly to THE A-LETTER.
Send E-mail to: INFO@THESOVEREIGNSOCIETY.COM
============================================
* The A-Letter provides accurate information on the subject matter
covered and advertisements displayed, so far as we can ascertain. We
cannot certify the absolute accuracy of referenced articles nor do we
necessarily endorse products advertised herein. The Sovereign Society
advocates full compliance with all applicable tax and financial
reporting laws. All LINKS are operative at time of publication.
* Nothing herein should be considered personalized investment advice.
Although our employees may answer general customer service questions,
they are not licensed under securities laws to address your particular
investment situation.
* LEGAL NOTICE: This document is based on SEC filings, current
events, interviews, press releases and knowledge gained as financial
journalists and may contain errors. Investment decisions should not be
based solely on this document. The Sovereign Society expressly forbids
its writers from having financial interests in securities they
recommend to readers. Sovereign Society, its affiliated entities,
employees and agents must wait 24 hours after an initial trade
recommendation published on the Internet, or 72 hours after a direct
mail publication is sent, before acting on that recommendation.
============================================
THE SOVEREIGN SOCIETY Ltd., 5 Catherine St., Waterford, Ireland
TEL: 353-51 844 068 FAX: 353-51 304 561
All contents COPYRIGHT (C) 2005 by Sovereign Society Ltd. All rights
reserved. Reproduction of all or part of this document in any form is
prohibited without express written consent of Sovereign Society.
Protected by US copyright laws 17 USC 101 et seq., 18 USC 2319;
violations punishable by 5 years imprisonment and/or $250,000 in fines.
============================================