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re: Setting up a bank account in the Cayman Islands?
Posted on 3/18/19 at 11:27 pm to TLOTT
Posted on 3/18/19 at 11:27 pm to TLOTT
All I know is this. My father owns his own business and does extremely well for himself. He has an account in the Cayman Islands. It has a little north of 3 million in it the last time I saw it about a year ago. Why he has one I have no idea. Is he doing something sketchy, I have no idea. Is he tax evading? No clue.
But, I do know his CPA knows about it and they don’t report anything and he’s never been audited or anything like that. Take that for what it’s worth
But, I do know his CPA knows about it and they don’t report anything and he’s never been audited or anything like that. Take that for what it’s worth
2
Posted on 3/18/19 at 11:28 pm to TLOTT
quote:I recommend you take a deep breath and relax. And stop reading ZeroHedge and watching Alex Jones.
With that said, what do you recommend then?
quote:Our side owns 300 million guns and 3.5 trillion bullets. The other side can’t figure out which restroom to use.
There's very little to prevent the U.S. from freezing access to all bank accounts, seizing 401k's and IRA's, instituting a wealth tax and other punitive measures.
This, too, shall pass.....
Posted on 3/18/19 at 11:31 pm to LSURussian
quote:
Our side owns 300 million guns and 3.5 trillion bullets. The other side can’t figure out which restroom to use.
This, too, shall pass.....
And none of those guns and none of those bullets will prevent anything that I just said. You (and all other Americans) will just wake up one day, check your 401k and sit in agony as you see your balance with a bunch of 0's. And the sad thing is there will be nothing you, me or anyone else will be able to do about it.
What are you going to do? March on Washington? The U.S. military will have more guns, more bullets and better equipment and technology than you. At that point it will be too late.
Posted on 3/18/19 at 11:32 pm to Skippy_
quote:
But, I do know his CPA knows about it and they don’t report anything and he’s never been audited or anything like that. Take that for what it’s worth
Are there specific steps that your dad and/or your CPA take to hide the assets from the government and avoid an audit? I don't necessarily want to hide an offshore account from the government but I'm also not against it at this point either.
Posted on 3/18/19 at 11:34 pm to Skippy_
quote:Does your father know the Caymen Island banks fail on a regular basis? In just the last 10 years 1 out of 3 banks there went bankrupt.
He has an account in the Cayman Islands. It has a little north of 3 million in it the last time I saw it about a year ago.
And they don’t have FDIC.
Posted on 3/18/19 at 11:36 pm to TLOTT
I have no idea man. He’s told me very briefly about it. Couldn’t tell you much more of details because I really don’t know.
Posted on 3/18/19 at 11:37 pm to LSURussian
Not my money man. Call him an idiot if you’d like, I was just sharing what I know
Posted on 3/18/19 at 11:38 pm to TLOTT
quote:True, and that same military won’t meet much resistance if it decides to invade the Caymen Islands to get your money out of a bank there.
The U.S. military will have more guns, more bullets and better equipment and technology than you.
Sorry, I thought you were rational and just wanted some preliminary guidance on having a bank account in a foreign country. I’m out....
This post was edited on 3/18/19 at 11:43 pm
Posted on 3/18/19 at 11:43 pm to LSURussian
I apologize, I didn't mean to get off topic. I mean is there another country that you think would be more secure in terms of having an offshore bank account?
Again, look at it from my perspective, I truly do believe the U.S. will fall apart. Maybe not in the next few years but it will long term. I am 35 and truly believe that by the time I'm in my 70s or 80s there probably will not be a United State of America, at least in any way that we recognize today. It's a reason why I have decided not to have children. To make the exit plan a lot easier.
With that said I'm not ready to leave yet, not until my parents pass away. So in my situation, assuming what I believe will happen, what would you do? Where would you put your money and other assets? How would you ensure that you at least have some wealth when leaving the U.S. and not just leaving with the shirt on your back?
Again, look at it from my perspective, I truly do believe the U.S. will fall apart. Maybe not in the next few years but it will long term. I am 35 and truly believe that by the time I'm in my 70s or 80s there probably will not be a United State of America, at least in any way that we recognize today. It's a reason why I have decided not to have children. To make the exit plan a lot easier.
With that said I'm not ready to leave yet, not until my parents pass away. So in my situation, assuming what I believe will happen, what would you do? Where would you put your money and other assets? How would you ensure that you at least have some wealth when leaving the U.S. and not just leaving with the shirt on your back?
This post was edited on 3/18/19 at 11:44 pm
Posted on 3/18/19 at 11:46 pm to poochie
quote:
No comment on the caymans but it must suck living life with your attitude.
If you’re concerned with all this collapse stuff, why not just move cash to polann or wherever and store it in a safe place.
I agree with others in asking if you think the US collapses, where on earth would you go
That’s not collapsing?
But will Polish banks allow U.S. citizens to open an account? I've not heard anything about Polish banks and offshore accounts so I have to imagine it's not a great possibility.
Plus if I'm still living here in the U.S. and need to get access to the bank it's a lot easier for me to get to the Caymans than it would be to get to Poland.
Posted on 3/19/19 at 4:40 am to TLOTT
Best way to get off the thumb of the USA govt is to renounce you citizenship. Then go live in Singapore or Philippines.
Posted on 3/19/19 at 5:15 am to C
quote:
Best way to get off the thumb of the USA govt is to renounce you citizenship. Then go live in Singapore or Philippines.
Sounds like a good idea, with my parents still alive though it's not a real option for me at this point.
Posted on 3/19/19 at 5:59 am to TLOTT
Do you speak any languages other than English?
Have you actually visited any Eastern European countries on your own, for an extended period of time?
Do you have any marketable skills to earn a living if the existing order collapses? Seems like your exit strategy is still based on currency. If you’re gonna be obsessed with doom and gloom, at least prepare like Sarah Conner in Terminator and get some practical skills and languages into your brain.
Meanwhile, obsession with this stuff is deeply unhealthy. You are assuming you will live long enough to see a collapse. Buddy, you could croak tomorrow....what are you doing to help those around you, to enjoy your life, to live today?
Therapy is probably available in your community today, on a sliding scale thanks to the socialists among us.
Have you actually visited any Eastern European countries on your own, for an extended period of time?
Do you have any marketable skills to earn a living if the existing order collapses? Seems like your exit strategy is still based on currency. If you’re gonna be obsessed with doom and gloom, at least prepare like Sarah Conner in Terminator and get some practical skills and languages into your brain.
Meanwhile, obsession with this stuff is deeply unhealthy. You are assuming you will live long enough to see a collapse. Buddy, you could croak tomorrow....what are you doing to help those around you, to enjoy your life, to live today?
Therapy is probably available in your community today, on a sliding scale thanks to the socialists among us.
Posted on 3/19/19 at 6:02 am to TLOTT
Wow. Just wow.
Posted on 3/19/19 at 6:31 am to TLOTT
LINK
You should listen to this podcast on NPR planet money called “hunting for the hundreds.” I think it might help you answer your question as to “where” will be safe in the case of a US collapse.
Considering 75% of US currency is overseas already simply bc the whole world is invested in the US (outside of their country) for the same reasons you’re wanting to move money out of here, kinda ironic.
You should listen to this podcast on NPR planet money called “hunting for the hundreds.” I think it might help you answer your question as to “where” will be safe in the case of a US collapse.
Considering 75% of US currency is overseas already simply bc the whole world is invested in the US (outside of their country) for the same reasons you’re wanting to move money out of here, kinda ironic.
Posted on 3/19/19 at 6:48 am to Shepherd88
What’s with all these people stressing all the time.I lived in the Ozarks in the 80’s,had bunch of Survivalists.Late 90’s it was the Y2Kers.That passed,then the Doomsday Preppers came to be. I’d say see a psychiatrist and get on meds for anxiety.
Posted on 3/19/19 at 6:49 am to TLOTT
quote:
You (and all other Americans) will just wake up one day, check your 401k and sit in agony as you see your balance with a bunch of 0's. And the sad thing is there will be nothing you, me or anyone else will be able to do about it. What are you going to do? March on Washington? The U.S. military will have more guns, more bullets and better equipment and technology than you. At that point it will be too late.
Holy.shite.
This post was edited on 3/19/19 at 6:53 am
Posted on 3/19/19 at 7:59 am to TLOTT
You don't have near enough money to worry about dumb shite like that
Posted on 3/19/19 at 8:11 am to TLOTT
quote:
But will Polish banks allow U.S. citizens to open an account? I've not heard anything about Polish banks and offshore accounts so I have to imagine it's not a great possibility.
No, mean cash in a jar burried next to a tree 10 paces from a rock. That’s seems like the level you’re on.
Posted on 3/19/19 at 8:17 am to TLOTT
quote:
Right now I am seriously considering a move to Eastern Europe (specifically looking at Poland and Czech Republic) if the U.S. starts to collapse. I am hoping that doesn't happen and I can stay in the U.S. but I want to be prepared just in case. I plan to stay here in the U.S. as long as my parents are alive (so probably another 10 to 20 years assuming the U.S. stays stable), but after they are gone there will honestly be very little to keep me here.
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