Wondering how to keep your liquid assets under the radar in a world where governments, corporations, and nearly everyone whom you do business with thinks they have a right to your personal and confidential money matters? How can banking secrecy be achieved? Is financial privacy a thing of the past? Perhaps it is time to give up, let the fascists, snoops, and identity thieves win, and accept what an estimated nine out of ten people already believe: letting certain businesses and government agencies have the capability of tracking and tracing one’s money is unavoidable. What a crock! Do not believe it. You can have as much financial privacy as you desire when you learn what you’re doing.
Primary financial privacy and banking secreecy considerations:
If you want to avoid the pitfalls of the masses, you’ll have to stop behaving as they do.
Here are some ideas that will ensure you won’t have your cash grabbed when someone or a company says you owe them money:
1. Avoid checks as a payment method for routine bills. Instead, withdraw the cash, purchase money orders and pay your bills anonymously. This is an automatic safeguard for seasoned privacy advocates.
2. Use a trust to hold a non interest bearing checking account for non investment funds. Use the trust’s EIN, not your SSN on the account as explained in Privacy Crisis. You as trustee can deposit checks made payable to the trust or to you individually.
3. Cash is the most private way to make purchases. Buy gas, groceries, supplies with currency. Large purchases can also be made with cash.
As for the ultimate in banking secrecy, the Ultimate Bank Secrecy Account provides an opportunity to avoid the most costly of privacy invasions: identity theft, garnishments, liens, and bank fraud. Look for more on this advanced privacy principle later.