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The Choice is Switzerland
Alettermock2
Wednesday, September 27, 2006
Vol. 8 No. 193
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In Today's Letter:
Comment:
The Choice is Switzerland
Offshore:
Australian Tax Nazis
Currencies:
Greenback Holding its Own?
Privacy:
Asset Protection: Do it Now!
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The Choice is Switzerland
Dear A-Letter Reader:
ZURICH, Switzerland. This commentary is being written on my laptop
on the bank of the River Limmat, which flows into nearby Lake Zurich.
We're still on The Sovereign Society's 10-day European Banking Tour,
which has included stops in Copenhagen, Vienna, Zurich, and
Liechtenstein.
You have to be here to enjoy the breathtakingly beautiful of Swiss
Alps. In the past, I have dined at a cafe in a small village nestled so
high up in the Alps that snow lay on the ground in the summer. My host
and guide in Zurich is Rob Vrijhof, a leading Zurich independent
investment advisor, and valued member of The Sovereign Society Council
of Experts.
It may have been chilly on the mountaintop, but Switzerland provides
a warm and genuine welcome to foreigners -- and their money and
investments. The contrast between the treatment we received in Swiss
banks, such as Julius Baer, and the mass production mentality of
American banks is stark. There are good reasons the Swiss manage over
three trillion dollars of offshore assets for investors from every
nation on earth -- and a principal one is their open and frank approach
to investments and making money. They invented private banking.
At The Sovereign Society we have chosen Switzerland as our number
one offshore haven nation. While it is not a tax haven per se, it is
the leader in world banking, asset protection, insurance and
investments. And all this is available within a shield of financial
privacy (and, yes, banking secrecy) guaranteed by law. The Swiss think
your business is nobody else's -- a refreshing difference from nosey
U.S. officials.
If you haven't yet gotten the message -- Switzerland offers a lot
more than cuckoo clocks, chocolate, and cheese. It's a possible second
home for your cash and assets. And, after enjoying the cleanliness and
friendliness of Zurich, you might even consider making Switzerland your
home too.
That's the way that it looks from here.
BOB BAUMAN, Editor
EDITOR'S NOTE: For decades, the wealthiest families
have been trusting Switzerland's banks with their greatest fortunes.
But you don't have to be a millionaire to bank there. You just need to
understand how it's done. Join us at The Offshore Advantage Seminar
this November to learn these banking secrets, plus investment
opportunities and much more. But hurry! This Sunday, October 1st
is your LAST CHANCE to save on your attendance fee with our early bird
discount. Plus, Sovereign Society members receive additional savings
off the attendence fee. Click here to learn more.
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Confessions of One of America's Leading Currency Experts
"The same strategy that made one world-class investor $1.8 billion in a
year...and made another big-time player $1 billion in just one day…is
available now to the average investor. If only they knew how to use it
to their greatest advantage."
Legendary billionaire investment gurus have used the currency market to
line their pockets with unprecedented gains. But most average investors
have been kept on the sidelines...until now.
On October 3rd, 2006 at 4pm, I'd like to personally introduce you to
the man who can show you how to apply the gain-making strategies of the
currency market to grow your portfolio up to 60%! His name is Jack
Crooks, and he's the new Currency Director for The Sovereign Society.
In this limited access opportunity available to just a handful of our
members and A-Letter readers, Jack will reveal the many ways you can
profit in the currency markets, from currency futures to ETFs and
everything in between. Plus, he'll reveal his number one currency pick
for the coming months.
Click here
to find out more about how you can grab one of the few remaining
spots...and even how to get your questions answered in real time during
the call.
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Australian Tax Nazis
In
recent years the Australian Tax Office has acted the role of tax
Gestapo, barging into private homes and offices and rooting through
attorneys' and accountants' files searching for alleged offshore tax
evasion. Playing to sensationalist media, the Tax Office has fingered
alleged "rich people" likely to be guilty of offshore tax evasion. Now
the Tax police are demanding that every bank tell them about any
Australians using offshore bank accounts. They apparently presume such
folks are automatically guilty of overseas tax evasion. Australians
operating through Vanuatu are especially suspected because that island
nation is targeted as the most popular tax-evading destination. In an
atmosphere such as this, small wonder Aussies and their cash are
leaving.
Bob Bauman, Editor
LINK: http://www.smh.com.au/news/
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Greenback Holding its Own?
The housing market is still falling. The Fed is still on hold, while expectations
grow about a possible interest cut in early 2007. These drawbacks are up against
the supposed vigilant European Central Bank, which is eager to support the euro’s
strength. And yet, the greenback remains firm against its European counterparts.
Does this mean a positive consumer surprise (the basic "deflationary boom" scenario)
is on the horizon for the U.S.? (A "deflationary boom" happens when
commodities going south, while bonds, equities and the dollar heading north.)
Meanwhile, the U.S. stock market is doing quite well. And let us not forget the
stock market is a key repository of consumer wealth. It’s a counter to the U.S.
housing. The bond market is on fire, which probably is supportive of the buck on
money flow (the recent hedge fund debacle may be driving some safe haven cash
for others behind the headlines). And we know U.S. corporations are flush with
cash. And commodities prices are sagging, which tends to help corporate
margins—at least for the users of the stuff. If corporations are doing fine
(which is what the stock market may be telling us), it would indicate the U.S.
job market will remain resilient...and if the U.S. job market is resilient Mr.
U.S. Consumer probably does okay. And that’s good news for the dollar...for now.
Jack Crooks, Currency Director
EDITOR'S NOTE: Want to learn more about currencies and currency trading?
Dial in for our special teleconference to meet our new Currency Director,
Jack Crooks, next Tuesday, October 3rd. He’ll tell you how currency trading can
help you not only diversify your assets, but protect your capital, and build your
portfolio. Plus, Jack will reveal his number one currency play for this fall.
Click here to find out how you can listen in.
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Asset Protection: Do it Now!
In
my practice, I encounter plenty of tragic stories where people might
have better protected themselves, if only they had foreseen the
unforeseeable.
Take John and Dianne. They'd met in college, became engaged and planned to get married in their home state of California.
But tragedy struck before they could marry. Coming home from work
one evening, John's car was struck by a car careening down the road,
out-of-control. He was killed instantly.
Being relatively young, with no children, and just at the eve of
starting their life together, it didn't occur to John and Dianne to
worry about estate planning or asset protection yet. And the
consequences to Dianne of this oversight compounded her loss and
heartbreak. Though she felt sure John would have wanted her to inherit
his property, she didn't get a single penny of it. Since he died
without a will, under the California laws, the money went to John's
parents. And because they didn't approve of John and Dianne's
relationship, they didn't pass any of his estate along to her.
Circumstances like this are never planned for - they just happen.
And when they do, we need to pay attention to the lesson: everyone, no
matter how young or old, needs to construct a succession and asset
protection plan. This should include:
- A testamentary document (will or trust).
- A medical power of attorney. This is a document which gives someone
you trust the authority to make medical decisions, just in case you
can't make those decisions yourself.
- A living will. This is a document that conveys your wishes to be
kept alive (or not kept alive) by artificial means if you are
terminally ill and cannot make decisions for yourself.
- A durable power of attorney. This is a document that designates a
trusted family member or friend to make personal and financial
decisions for you if you are incapacitated and no longer able to do so.
- An asset protection plan. Everyone has assets they simply "can't
afford to lose." Protect them using the techniques you've learned about
from The Sovereign Society-using retirement plans, domestic and
offshore annuities, domestic and offshore trusts, etc. Keep
what's yours-don't give it to a sue-happy plaintiff who hired the
lawyer only too pleased to try to take away everything you've worked
for.
MARK NESTMANN, Privacy Expert & President of The Nestmann Group
www.nestmann.com
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You Don't Need a Time Machine...
- Tax-free capital gains
- A personal income tax rate of 15.5%
- and a wide array of investment opportunities geared for growth and financial security.
...All without leaving the 21st century.
America once offered her citizens limitless opportunity for growth.
Sadly, the stifling forces of bureaucracy have ear-marked your
earnings for subsidies, entitlement programs, the bottomless budget deficit
and the largest military build-up in history.
Hope remains alive for those willing to invest elsewhere.
To find out how you can gain admission to "the world's freest economy," click below.
LINK: http://www.isecureonline.com/reports/190SHGKG/E190G953/
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