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Offshore Shakedown: FATCA, The Panama Papers and Why You Need a Self-Directed IRA

Politics / Taxes Jun 21, 2016 - 12:26 PM GMT

By: Jeff_Berwick

Politics

I recently sat down for an interview with TDV Offshore‘s Managing Director Paul Seymour to discuss the worsening worldwide situation for financial privacy and economic survival. Topics included the Panama Papers, precious metals, self-directed IRAs, 401Ks, The Foreign Account Tax Compliance Act (FATCA) , offshore bank accounts, offshore corporations and Paul’s belief that a financial catastrophe may loom as soon as October 2016.


You can see the video below.

The main thrust of our discussion involved ways people can protect themselves from laws and regulations being passed throughout the West that are stripping savers and investors of their financial privacy. Once financial privacy is removed, it is easy for government to confiscate funds on a massive scale. It’s happened over and over throughout history. Paul believes, as I do, that it’s going to happen again in the West, and relatively soon.

Paul used to work for mainstream financial shops but became increasingly upset with the lies and corruption. Eventually, he decided to quit and recently renounced his American citizenship entirely. He is urging clients to get themselves and their funds offshore while they still can. That’s a great idea.

With the advent of the Panama Papers hack supposedly showing that important individuals were placing their funds offshore to avoid taxes, new regulations have been passed to compel the public presentation of corporate structures. Around the world, financial privacy is basically… finito.

Additional laws and regulations are often aimed at banks, and with the same intentions. The idea is to compel banks around the world to strip away customer privacy by demanding an enormous amount of information before an account can be opened or a transaction can take place.

The most notable example of this is FATCA, which compels banks to closely track their American customers financial dealings and extract taxes from American accounts to send to the IRS. Many banks around the world won’t do business with Americans as a result. US citizens are having more and more trouble setting up private and corporate accounts and keeping them active.

Toward the latter half of the interview, Paul and I discuss solutions that Americans can take advantage of to help secure their wealth and retirement incomes. These include, most importantly, opening up offshore IRAS and corporate accounts that are difficult for the US to confiscate.  Paul believes that anyone who can get their IRA or 401K out of the US ought to do so as soon as possible.

He is sure that once a financial crisis hits the US, the federal government will likely react by freezing and then reinvesting people’s retirement assets. Instead of stocks and bonds and other asset classes, Paul believes public assets will be dumped into Treasuries yielding little or no interest… or even worse, negative interest where you pay the US government to loan them money for their War of Terror. This is a no-brainer. I’m sure it will happen.

Also, Paul adds, at the same time, the Federal Reserve will begin to inflate aggressively. Whatever assets people have left will be enormously depreciated. None of this is by accident. The idea is to make people so poor they can’t afford to leave the US even if they want to.

“They want to trap you,” Paul says. “Make it so you can’t afford to leave anymore.” He finds it hard to believe that with everything going on, more people aren’t being aggressive about moving their money offshore. He has the tools to be incredibly helpful to TDV-ers. He points out, for instance, that he can create offshore, tax-deferred accounts. Once created, funds can be reinvested in tax-deferred investment vehicles.

“Or you can simply sit in the United States with your money and take a 30 or 40 percent hit on your tax-deferred savings when you finally decide to cash out,” he warns.

When financial disaster strikes. It will be too late.

Paul finishes our interview by giving out his email address which is pseymour@tdvoffshore.com. That’s a handy email to keep around. I urge you to use it ASAP.

In addition to contacting Paul, if you are not a subscriber to the TDV Newsletter, you should be. It provides up-to-the-minute information about critical events, regulations and even cash confiscations taking place. It also suggests gold and bitcoin investments that have been enormously profitable for subscribers in 2016. Our financial guru Ed Bugos is in charge of the TDV portfolio, and he’s been on fire this year. The portfolio is up more than 50 percent. You can subscribe HERE.

And take a look at the video, here it is:

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2016 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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