I read a new article today by Doug Casey, the International Speculator (as he's known), in which he talks about Swiss Bank accounts and how they used to be very popular for Americans, he goes on to lay down the truth about where the reality is now, with regard to offshore banking, asset protection, and the current state of affairs with Big Brother - USA.
This is the best article I've read on the topic in a long time, I'm envious of this man's knowledge and ability. Please read the paragraph I've excerpted and then follow the link to his article...
Perversely, though, the more inconvenient and potentially dangerous it becomes to have a financial presence offshore, the more important it is. As outlandish as it may sound now, after the world has been financially and economically liberalizing in most regards over the last 20-some years, I expect the U.S. to come up with a regime of foreign exchange controls at some point in the fairly near future. The smartest diversification is to buy real estate; they can't possibly make you repatriate it. And, as I've pointed out numerous times over the years, some has been (and remains) an outstanding investment.
Read the entire story by clicking here.
