This article provides foundational information on bank secrecy and financial privacy. Banking privacy can be accomplished in the U.S.A. and a link is provided to an article that outlines bank seizure preventive methods and asset protection resources. Readers are advised to consult experts for advice. This column is concerned with financial privacy, not legal, accounting, tax or financial planning advice.
Who has a right to know your money and banking business?
Do you want government agencies to have access to your bank accounts? How about tax agencies? Should they be able to find your cash with no more trouble than entering a password for database access followed by placing your name and Social Security number into their box? If you believe it is okay for the self-appointed rulers now occupying the white house and surrounding agencies of power mongers to be able to find citizens’ money, property, and assets, your turn for asset confiscation may be coming, as you surely have not taken the time or made the effort to conceal your “stored labor” from the vultures who may want to seize what is lawfully yours.
How much does a money or property privacy invasion and account seizure cost?
Such a seizure that may prove to be an outright theft can break a business person or put an individual into the street.
An asset or business seizure can cost plenty. And you will not have the opportunity to ask questions or get property back once the deed is done until a trial verdict in your favor is rendered.
Such cases as the one mentioned below occur and make headlines and are seemingly never resolved.
Liberty Dollar maker, NORFED Corporation was shut down by the F.B.I. in 2007 after operating for a decade or so. The case made headlines for a while. The following quote is from my article published on www.LewRockwell.com.
“Recently, a notable property seizure occurred, as FBI agents raided offices and seized property, equipment, and cash of Liberty Dollar maker, NORFED corporation. The seizure warrant – case 1:07-mj-100119-DLH – was issued and signed by U.S. Magistrate Judge Dennis L. Howell in Asheville, North Carolina, on November 9, 2007.”
Read the entire essay at this URL:
Check Cashing services
Once you learn how to use check cashing stores, you can avoid a money or property seizure through the cash and carry method-you cash your checks, pay the check cashing service fees, and carry away your cash.
Safes and safe deposit boxes
Think it is too dangerous to take possession of all that money?
Actually, Americans have been conditioned to believe that big banker should house their money. If you’re in that camp, this article will not solve your anxiety problems, but safe storage with only you in control might give you the confidence necessary to avoid a future asset or bank account seizure.
My book, Privacy Crisis provides information that will help those living week to week or a business with billions in sales avoid a privacy invasion such as the NORFED Corporation disaster.
Business and personal financial privacy is doable in the U.S.A and throughout the world. Learn how so that you or you company will not become another financial seizure or bank account garnishment disaster.
The Nevada Limited Partnership
An ongoing business held by a Limited Liability Company may be owned by a Nevada limited partnership. Also, liquid assets can be held by a limited partnership.
Contrary to popular belief, it is not necessary or desirable to hold assets offshore-if you are an American, unless you spend considerable time in another country. Instead, a properly structured limited partnership can do the job. And, for added protection, an offshore asset protection trust can be utilized as well.
Seek proper asset protection, legal counsel, and tax advice for your particular case.
This column is about financial privacy and a Free information series on banking privacy is offered by email.