April 4, 2013
Sovereign Valley Farm, Chile

Secret. Dirty. Sham. Shadowy. Illicit. Fake. Covert. Questionable. These are typically the words used to describe the world of offshore asset protection in mainstream media.

The classic presumption is that if you go offshore-- foreign bank account, overseas safety deposit box, foreign trust, foreign corporation, etc.-- then you MUST be doing something wrong.

This is an absurd conclusion and only highlights how brainwashed most people have become.

The world has become a gigantic financial nudist colony, full of government agents who pry ever more deeper into our nether regions looking for loose change betwixt the sofa cushions. Yet people are all too willing to comply. And anyone who shows up with a bath towel is branded a criminal or financial terrorist.

Clearly there are people who use offshore jurisdictions to hide graft or fraudulent activities. But this is not unique to the offshore world.

The #1 tax haven in the world, in fact, is none other than the United States of America. More ill-gotten wealth is hidden in Wall Street banks through Delaware corporations than any other place on the planet.

Yet the attention is always focused on places like the British Virgin Islands, Channel Islands, Liechtenstein, Switzerland, Cook Islands, Panama, Seychelles, Hong Kong, etc.

Just yesterday, the farcically named Center for Public Integrity released a fifteen month study based on 'leaked' documents from various international financial centers. The data shined a spotlight on the financial dealings of nearly 130,000 individuals in jurisdictions around the world.

The group's assessment is anything but flattering: "This investigation lifts the curtain on the offshore system and provides a transparent look into the secret world of tax havens and the individuals and companies that use and benefit from them."

Just think about the implications. They're essentially saying that nobody has the right to financial privacy... and that deriving 'benefit' is somehow evil and wrong.

Fact is, moving money and assets offshore is not illegal. It's perfectly legal, as long as you pay tax on the income and make the appropriate disclosures.

And despite the media hype, this is not something that's just for the criminal terrorist class. As a matter of fact, going offshore is one of the best tactics to protect yourself against the criminal terrorist class... and by that, I mean central bankers and politicians.

Insolvent governments throughout history have ALWAYS resorted to a very limited playbook. Capital controls, wage and price controls, direct confiscation of assets... these tactics are nearly foregone conclusions in heavily indebted countries.

Just look at what happened in Cyprus. Look at what's happening in Argentina. The evidence is overwhelmingly obvious. Pretending that 'it can't happen here' is dangerous thinking.

There is going to come a time, likely soon, that retirement savings will be targeted. Capital controls are already in the works, cheered along by economic 'luminaries' like Paul Krugman. Central bankers will continue to steal the purchasing power of our hard-earned savings. It's happening.

Moving a portion of your assets abroad isn't criminal. It's not crazy. If properly disclosed, it's one of the sanest things you can do to protect yourself against the real criminals.


Until tomorrow,
Signature
Simon Black
Senior Editor, SovereignMan.com





Open a Chilean-peso account-- from your living room

Last month's edition of Sovereign Man: Confidential featured an extensive boots on the ground coverage from Ecuador, examining everything from the country's incredibly cheap real estate market, its agricultural opportunities and residency requirements. The issue also included, among others, a thorough overview of buying & selling gold and silver in Hong Kong. Nothing was left out, including storage.
This month's issue includes:

Another exclusive and compelling opportunity for SMC members-- an incredible chance to open a Chilean account denominated in pesos (one of the best performing currencies in the world) or a unique inflation-adjusted currency unit, available only in Chile. And you can do it straight from home!

This is the kind of exclusive deal that Sovereign Man: Confidential is all about-- creating unique and compelling solutions for its members via the contacts Simon Black has made over the years of travel and exploring global ventures.

A thorough breakdown to guide you through the maze of a yet another IRS reporting requirement, Form 8938. The tangled paperwork, definitions and uncertainties are staggering. This will shed some light on how to proceed.

An overview of some of the residency and/or citizenship by investment programs around the world. As more and more governments around the world are scrapping by, there are some interesting opportunities available out there.

An in-depth look at Australia's residency-for-investment program, as well as its very recent fast-track offshoot that grants investors immediate permanent residency as well as eligibility for naturalization after five years.

The SMC citizenship chart, updated with current information to help you make you best diversification decisions. This is a very sought-after item in our publication, and is back this month by popular demand.

To get immediate access to the knowledge contained within this month's issue, and all the back issues, click here to get the full details on your invitation to join Sovereign Man: Confidential today.