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Mar 21, 2013

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Americans and Offshore Banking

Americans and Offshore Banking - Many banks will no longer accept Americans. Many banks like Swiss banks have been closing accounts of Americans for years now. European banks do not want Americans opening accounts any longer. The Caribbean Island banks, all of the islands, have stopped taking accounts from Americans. Singapore will no longer accept Americans in their banks. Some countries will accept Americans if they are residents of their country. They will ask the American to sign a waiver of bank secrecy and fill out Treasury Dept. account reportage forms and IRS forms as Youll for the interest. One country You know, Costa Rica, asks Americans to get clearance regarding source of funds from the US embassy on any transaction over $10,000, incoming. Panama banks will no longer open accounts for Americans. Panama banks drive all account holders, American or not, crazy with due diligence requests for source of funds, invoices, contracts etc. More trouble than they are worth. The number of options for Americans has diminished. There are still some options left for Americans but not many. The idea is to find a bank in a country without a tax treaty with the USA to stay private. Then you need to be able to bank with an anonymous bearer share corporation so your name does not appear in any public registry. When wires are sent and received only the name of the corporation appears in the wire, not your name, so no government, central bank, correspondent bank or other bank knows who owns the corporation that has the bank account. When one has a personal account the name of the account is your name which appears on all wires incoming or outgoing, out there for the whole world to see. No privacy is possible with a personal account. You will list some countries that You do use for Americans. You do not get involved with way out there third world banks in crazy places where you might lose all your money due to corruption, fraud, bank failure, failed governments, wars, revolutions, etc. http://panamalaw.u s/americans_and_th e_offshore_banking .html  (Mar 24, 2013 | post #1)

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The American Dream Vs. the European Dream

Americans hold a negative definition of what it means to be free and, thus, secure. For us, freedom has long been associated with autonomy. The new European Dream is powerful because it dares to suggest a new history — with an attention to quality of life, sustainability, peace and harmony. If one is autonomous, he or she is not dependent on others or vulnerable to circumstances outside of his or her control. To be autonomous, one needs to be propertied. The more wealth one amasses, the more independent one is in the world. One is free by becoming self-reliant and an island unto oneself. With wealth comes exclusivity — and with exclusivity comes security. European dream The new European Dream, however, is based on a different set of assumptions about what constitutes freedom and security. For Europeans, freedom is not found in autonomy, but in embeddedness. To be free is to have access to a myriad of interdependent relationships with others. Success is interdependence The more communities one has access to, the more options and choices one has for living a full and meaningful life. With relationships comes inclusivity and with inclusivity comes security. The European Dream is focused not on amassing wealth, but rather on elevating the human spirit. It seeks to expand human empathy — not territory. The American Dream puts an emphasis on economic growth, personal wealth and independence. The new European Dream focuses more on sustainable development, quality of life and interdependence. The American Dream pays homage to the work ethic. The European Dream is more attuned to leisure and deep play. The American Dream is inseparable from the country’s religious heritage and deep spiritual faith. The European Dream is secular to the core. The American Dream is wedded to love of country and patriotism. The European Dream is more cosmopolitan and less territorial. Wider implications Americans are more willing to employ military force in the world, if necessary, to protect what we perceive to be our vital self-interests. Europeans are more reluctant to use military force and instead favor diplomacy, economic assistance and aid to avert conflict and prefer peacekeeping operations to maintain order. Americans tend to think locally, while Europeans' loyalties are more divided — and stretch from the local to the global. The American Dream is deeply personal and little concerned with the rest of humanity. The European Dream is more expansive and systemic in nature and therefore, more bound to the welfare of the planet. Rather, what’s important is that Europe has articulated a new vision for the future that’s different in many of its most fundamental aspects from America’s. Dreams of the future The new European Dream is powerful because it dares to suggest a new history, with an attention to quality of life, sustainability, peace and harmony. In a sustainable civilization, based on quality of life rather than unlimited individual accumulation of wealth, the very material basis of modern progress would be a thing of the past. Read more: http://www.immigra  (Mar 21, 2013 | post #1)