|
The facts are simple. Service banks are generally the same anywhere.
It just depends on the jurisdiction.
Propaganda by government and the biased media has made it look
like offshore banking is somehow evil and even "criminal".
Without the proper information to balance out such distortions,
as most people are on matters offshore, many often tend to believe
such distortions and lies.
Many countries want to keep people ignorant on the subject because
they cannot control what is not in their own jurisdiction. Thus
they keep the public dumbed down and they deliberately smear and
malign offshore banking institutions or the act of associating with
them.
The best example is the annual tax season in the U.S. of A. when
the media and public pundits go on their perennial fear mongering
campaign to scare the living **** out of the locals from even considering
doing business offshore. Such mental manipulation which is
based upon false pretenses is not only irresponsible, but also egregious
and outright despicable.
An offshore bank is simply a bank outside the country in which
you reside. To even imply that it would be illegal or even
unpatriotic to do business with such entities is tantamount to the
outright denial of ;
-
the freedom of association,
-
the critical importance of international commerce
-
the liberty to conduct free trade
-
property rights
-
and much more...
Of course, this would be ludicrous, and so are the blatant attacks
on 'offshore' or international business in a world which has shrunk
due to multi-lateral trade agreements, U.N. conventions, regional
free trade zones and an economically interlocked 'global village'.
The reasons you would want to open an account outside the country
you live in are many; privacy, better rates of return, safety and
reputation, no government snooping, asset protection etc. etc.
Probably the most important reason is one of liquidity. In America,
for example, banks are required to keep only 10% of their public
deposits liquid, while banks in other jurisdictions keep 100% liquid,
i.e. for every dollar on deposit the bank has an equal value in
cash. Where would you rather have your funds?
Another important aspect of banking is the idea of convenience.
For your small banking needs any neighborhood bank or even cash
will do.
For larger transactions you can go worldwide with the same ease
and it takes no longer than a few hours to transfer funds anywhere
in the world.
Particularly in oppressive and invasive governmental jurisdictions
one is well advised to go offshore and bank in a different jurisdiction.
The well known privacy author and guru, W.G. Hill, who has coined
the phrase 'PT' for perpetual traveler, permanent tourist or previous
taxpayer has outlined one effective strategy for always appearing
as though you are from somewhere else and to spread your activities
among several jurisdictions. For example, your passport and citizenship
is from one country, you reside in a second, your corporation registered
in a third, conducting business activity in a fourth and the business
banking in a fifth jurisdiction. This is the 'Five Flag'
theory for PTs.
The idea is that wherever you are, you appear to be from somewhere
else which provides a certain level of 'favored treatment', privacy
and firewalls for snoops and predators.
These techniques and more are taught in the PCI program and related
materials available in the WWS web page.
Explore the possibilities !
|
