How to find a safe haven for your money

Shocking news about the Cyprus money grab by the Eurocracy and assorted unelected bureaucrats demonstrates the need to have unbiased expert advice when looking for a safe haven for your hard-earned savings. All-too-often 'advisers' in established financial institutions have a vested interest in the status quo and try to lull clients in a false sense of security. Thus they avoid that funds that are under their management are moved to a safer and/or cheaper location or institution.

Sauve qui peut!

Financial Fascism is on the march

Is Switzerland a safe place for your Money?

Recent reports about Swiss financial institutions refusing cash disbursements when clients demand them cast a very long shadow on Switzerland as a safe location for investors that traditionally have seen it as a bulwark against authorities in their native countries. We leave it to our readers to work their way through the various agreements between Switzerland and other countries (see for example the agreement with Germany) but the fact is that these are rubber paragraphs where the interests of the investors are right at the bottom of priorities and the interest of an overbearing state is right at the top. We would add that a perusal of the 'interpretation' by the Swiss Banker's Association or a 'position paper' issued by the Financial Regulator does not inspire more confidence either.

Germany: last vestiges of individual freedom supressed

One should have thought that the political and bureaucratic establishment that holds Germany in an iron grip should at least have learned the lessons of history after decades under national-socialist or communist totalitarian regimes. But quite the contrary is happening. The tendency to control everything that the citizen does is so ingrained in the national psyche that the state has no problem extending its reach into ever-more absurd niches of the citizen's lives. Now a new law is proposed that would have banks automatically document the content of safe-keeping boxes that are rented out. In addition these reports would have to be passed on to the 'authorities'. This ludicrous encroachment into individual freedom is just in addition to supervision of all bank accounts, courier services (!), telecommunication and postal services as well as transportation companies. In addition the state's functionaries would not need prior agreement from any court to obtain their information. Citizen-Investors need to be more vigilant than ever to protect their assets from an all-devouring state that exists only to divert their assets to pet projects favoured by politicians and those well-connected to them.

Capital Controls coming to the US?

We are not yet in the camp of the panic mongers who frighten Americans but we are continuously advising investors to make sure that they don't put all their investment apples into the same basket. Keep a fair share of your wealth beyond the reach of local politicians and tax authorities. Then you will be prepared to most eventualities.