Banking And Moving Money Offshore

Nov. 15, 2011

"KP, I always enjoy your newsletters, and, as an attendee of one of your seminars a few years back, I appreciate your material very much.

"This current newsletter brought back memories of my trips to Borneo (Malaysian and Brunei) back in the early '80s. Then it was quite primitive, in many ways, but beautiful and with potential.

"Thanks for bringing Borneo back to mind. I should return! (Though it's hot and humid like Panama!)

"Cheers."

--Paul Y., United States

***

"Kathleen, I have been receiving your e-mails for some time. I hear the same story time after time. With the euro dying, the U.S. dollar dying, you people are saying just how bad the United States is. I have found lots of places to hide or live just as cheap in this country as you can in these overseas countries you talk about. The economy of France and Spain is getting worse. Northern Italy is supporting southern Italy. Panama City real estate has gone through the roof over the last two to four years.

"The Panama banks have opened their doors to the IRS and the Federal Reserve. The IRS and the all banks are tied together. The back door between offshore banks and U.S. banks has become a freeway leading to the IRS. Don't try to hide money. They will catch you sooner or later. With the money systems in trouble all over the world, there is no place to hide it. You are telling people to go to the same locations that are being watched. Why don't you come up with some place new? You keep talking about great investments offshore. My summer house was bought for US$6 million and has increased in value 20% in the last six months. All my paper trail is above board with nothing to hide.

"So, in closing, why don't you spend your energy improving this country? It has its share of problems. But it is still the best country to live in. If you have any doubts ask an immigrant why they come to this country to either live or work so they can send money home. If you look, you can find lots of good things about this country."

--Dan A., United States

Right. Don't try to hide money. Doesn't work.

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