The US Federal Reserve skates on thin ice. The capital ratio that it owns is a meager 1.24%. Think about it. Lehman Brothers were at 3% when it filed for bankruptcy. In a recent review, there was $ 50.7 trillion debt owed by US households, corporations, and governments. This represents an astounding 3.5 times the total annual gross domestic product of the entire United States. So, opening the Swiss Bank Accounts happens to be the best there.
The banking system in trouble
It is therefore clear that the US has a heavily undercapitalized banking system that is supported by a thinly funded insurance organization, supported by a cruel government bureaucracy with debts, supported by debt-ridden taxpayers. So we should not ask ourselves: “Is offshore banking safe?” Instead, we must ask, “Is American banking safe?”
We can clearly see that this is not just an exaggeration. It is solid truth based on fact after fact. Indeed, it is a shockingly uncomfortable realization that is like a rock in the pit of the stomach.
Are we cheated?
We saw our parents go to the bank to deposit their hard-earned money at banks, believing that banks were safe. Of course, it is safe, we might think. After all, it is a bank.
When faced with these blaring facts, it limits us to a new resolution. When all major financial institutions are marginally poor when actual affirmations shed light on this truth. Do you not think it would be useful to keep at least a percentage of your money abroad in a safer climate?
You would certainly think so. You need to take urgent action to set up an international account as soon as possible. Use the telephone number or complete the form on this page. We have helped thousands with their offshore banking needs. Moreover, we have been helping people protect their assets since 1906.
How to choose a jurisdiction
It would be wise to consider jurisdictions in good financial condition, with peaceful governments and long-standing financial service providers. What people and legislators do is more important than what they say. So if they have a reputation for financial stability that goes a long way in choosing your financial port.
What is this all about?
Keep in mind that securing your money off the coast is not about evading tax liabilities in tax havens such as the Cayman Islands or Hong Kong. It’s about asset diversification. The US government, for example, does not really care if you have offshore money as long as you report your income. Offsetting money is generally a tax-neutral event. It therefore generally does not increase or decrease your taxes. Millions of citizens have offshore accounts and it does not give a red flag to tax authorities if you have one.
With the advent of online banking, online wiring options, telephone banking and bank cards, offshore banking is not really that much different than street banking. Moreover, it is very common to find banks that offer higher, often much higher interest rates than what local banks pay.
Think of it. Wages in the US are very high compared to other countries. R the prices of estates are high. Taxes are high. Health insurance for employees runs through the roof. These expenditures account for a large proportion of the profits of a bank in the US, UK, Canada and other more expensive countries. If the costs of an offshore banks are lower, there is much more left to pay to you, their depositor.