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THE SOVEREIGN SOCIETY OFFSHORE A-LETTER
Your Link to Freedom, Privacy & Prosperity in the Offshore World Wednesday, December 31, 2002 - Vol. 4 No. 155
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In This Issue:
* COMMENT: What It Means to be a "Sovereign Individual"
* OFFSHORE: Swiss Year of Change. Caymans Black Eye. Panama Trade.Bermuda Hedge Funds. Gibraltar Voice; Spain Furious Over Royal Visit.
* WEALTH: Dollar Crisis? IRS Issues New Rules. Chinese Reds Endorse Private Property; Execute Too Rich Businessman. FATF & Philippines.
* PRIVACY & RIGHTS: FBI Says Almanac Indicates Terrorists.
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Our Guest Commentator is John Pugsley, chairman of the Sovereign Society and a leading author of books on economics and investment.
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COMMENT: What It Means to be a "Sovereign Individual"
Dear A-Letter Reader:
Since I became Chairman of The Sovereign Society six years ago, I've received many messages asking me what the Society stands for and in particular, how a person can become a "sovereign individual." I think,as we reflect on the past year and look forward to 2004, this question is well worth addressing.
Over the past few decades there has been a steady growth of government as the masses of voters have learned that they can manipulate governmentto their advantage. The majority has discovered that it can enrich itself at the expense of the successful and thrifty minority.
This attack on the most productive individuals in countries like the US,Canada, Germany, and the UK has had the same effect as the repressive policies of King George had in the 18th century. It has led to a rising exodus of society's most productive people as they migrate to political environments that offer greater asset protection, privacy and lower taxation.
Many are moving only their assets offshore to countries that offer more financial privacy and low or no taxation. A smaller but rising number are electing to move themselves and their families offshore as well.
While a few officially disconnect from their nation of birth by renouncing their citizenship, others merely reside offshore while retaining their original citizenship. And many more conduct their businesses and diversify their assets offshore.
Those who do these things are choosing individual sovereignty over allegiance to any government. In essence, they have decided to become"sovereign individuals."
Over the years my own study and writings on the subjects of political coercion, freedom and free markets has led to correspondence,affiliations and friendships with like-minded individuals from many disciplines and from many countries.
In 1998, some of us formed The Sovereign Society, a group of the world's most creative thinkers on the subjects of personal and financialfreedom, along with individuals who are motivated to achieve personalindependence for themselves. The aim of the Society is to create a network for developing strategies that individuals can use to wrest control of their lives and assets away from the menace of Big Brother.
I think of the Society not as a club or organization but as a virtualsociety; an extra-national community existing all over the world in the hearts and minds of its citizen members. Essentially, it offers members a new concept of "citizenship" in a cyber-country that takes its shape not on the basis of geography, but on the basis of shared ideals.
Through borderless cyberspace and with the security of encryption, we teach our members how to carry on intellectual and financial commerce world-wide, 24 hours a day. Most importantly, citizen-members work with one another in their quest to find sanctuary from fiat paper currencies, manipulated investments, private and state snoops, property seizures and other incursions on civil and economic liberties.
Our objective is to find free market alternatives to the services that governments today promise but fail to provide -- safe and private investments; security from crime and violence; and old age security,just to name a few.
From a nucleus of fewer than 1,000 members in 1998, we're now more than 7,000 strong. And over 70,000 people regularly read this free Sovereign Society Offshore A-Letter.
If you'd like to learn more about The Sovereign Society, log on to our Web site at (HOME) or send an e-mail to
info@sovereignsociety.com.
From all of us at the Sovereign Society, Happy New Year!
John Pugsley, San Diego, California
E-mail: johnpugsley@adelphia.net
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COMMENT LINKS:
* Find out more about Sovereign Society Membership at:
LINK: http://www.agora-inc.com/reports/SVS/WSVSD634/
* As editor of The Bio-Rational Institute's FREE weekly e-letter,
John Pugsley invites you to sign up at:
LINK: http://www.biorationalinstitute.com/email.html
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* OFFSHORE *
POLITICAL CHANGE MARKS SWISS YEAR 2003
ZURICH: The old year saw Switzerland move to the Right. LINK:
http://www.swissinfo.org/sen/swissinfo.html?siteSect=111&sid=4575240
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CAYMANS TARRED BY PARMALAT BILLIONS FRAUD
It happened in ITALY but the Cayman Islands get a black eye. LINK:
http://www.economist.com/agenda/displayStory.cfm?story_id=2312586
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PANAMA-TAIWAN FREE TRADE AGREEMENT
PANAMA: First Taiwan-Panama FTA takes effect this week. LINK:
http://www.chinapost.com.tw/detail.asp?onNews=1&GRP=A&id=22118
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BERMUDA AIMS TO BOOST HEDGE FUNDS
HAMILTON: Major conference planned in 2004.
LINK: http://www.tax-news.com/asp/story/story.asp?storyname=14587
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GIBRALTAR WANTS FULL VOICE IN ITS FUTURE
Any Anglo-Spanish talks must include The Rock's leaders.
LINK: http://www.tax-news.com/asp/story/story.asp?storyname=14588
* Spanish outraged over royal visit to Gibraltar. LINK:
http://www.portal.telegraph.co.uk/news/main.jhtml?xml=/news/2003/12/17/wgibr17.xml&sSheet=/news/2003/12/17/ixworld.html
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* WEALTH *
HOW BAD IS THE DOLLAR CRISIS?
TOKYO: Massive Japanese intervention to help dollar worries experts.
LINK: http://www.dailyreckoning.com/body_headline.cfm?id=3651&tp=c
* Economists warn rise of euro could stifle recovery. LINK:
http://servihoo.com/channels/kinews/v3news_details.php?id=27974&CategoryID=47
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I.R.S. ISSUES ABUSIVE TAX SHELTER RULES
Some aimed at alleged offshore tax shelter losses. LINKS:
http://www.latimes.com/business/la-fi-shelters30dec30,1,7436659.story?coll=la-headlines-business
http://story.news.yahoo.com/news?tmpl=story&cid=679&ncid=742&e=14&u=/usatoday/20031230/cm_usatoday/newaimagainsttaxshelters
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CHINESE COMMUNISTS ENDORSE PRIVATE PROPERTY
At least that's what they say they are doing. LINK:
http://www.independent.org/tii/lighthouse/archive/0552Lighthouse.html#1
* BUT Chinese Communist execute man who got too rich.
LINK: http://news.bbc.co.uk/2/hi/asia-pacific/3356619.stm
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PHILIPPINES STILL ON F.A.T.F. DIRTY CASH LIST
MANILA: RP to stay on dirty money blacklist until mid-2005. LINK:
http://www.manilatimes.net/national/2003/dec/29/yehey/business/20031229bus1.html
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* PRIVACY & RIGHTS *
F.B.I. - READ AN ALMANAC, BE A TERRORIST
FBI warns police to be alert for people carrying almanacs; popular
annual reference book could be used for terrorist planning. LINK:
http://www.newsday.com/news/nationworld/ny-usfbi303605537dec30,0,5114149.story?coll=ny-nationworld-headlines
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THE SOVEREIGN SOCIETY OFFSHORE A-LETTER. *
Bob Bauman, Editor * Daniel Aponte, Jr. Research Asst.
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