money 101 and why you have no banking privacy part 2

Imagine your money being printed as any paper printing operation. Remember from article 1 in this series that paper money only serves as receipts for a store of value-in a real monetary system that is properly backed by commodity assets. See the first article here: http://www.privacycrisis.com/blog/?p=941

The Federal Reserve System is for the most part, a non-asset backed monetary system. How much gold backs the money? No one knows. With the speed and intensity of the money printing operation since the 2008 Wall Street and corporation bail out fiasco, it is irrelevant anyhow as there has been so much money printed or created in digital form that dollars are naturally worth less.

About Bank Secrecy and why you need it for personal privacy and business privacy:

Recognize the nonsense of not having the banking privacy you may want. Who earned the money-and paid a hefty tax bill after these earnings? You did. Why, then are you not given the freedom to store it as you wish-anonymously, if you please to do so? Because, as explained in the first part of this series, the pseudo government agents, the banks provide an accounting of your money and you to your government when they ask for it. These kinds of “audits” occur when any agency with clout provides a second agency or a court with your bank account holdings If they choose to freeze your funds or confiscate your assets. Read about the NORFED Corporation company seizure here:

http://www.lewrockwell.com/orig10/hall-g2.1.1.html

After reading this documented company closure and asset seizure by force, certain business managers, high net worth individuals, and all who earn a living and store money in traditional bank accounts, may recognize that their assets and bank accounts-corporate and personal, could be at risk of being attacked and seized. With the possibility of an asset  seizure looming  managers and individuals may choose to implement a bank secrecy program and include the added costs of this business privacy principle as a necessary cost of doing business.

Is offshore banking the best financial privacy idea for you?

Businesses may need a bank account in their homeland to effectively manage their business finances. Certain companies may require a U.S. bank in order to process ACH payments received and offshore banks may hold checks in excess of thirty days. These reasons alone make banking offshore for business  and personal accounts impractical and unreasonable.

In lieu of an offshore bank secrecy program-which are no longer secret based on my extensive research and in my experienced opinion, businesses and individuals who require banking secrecy will be better served to use the services of a U.S. bank account that is properly set up as a personal and confidential bank account. Can a bank secrecy plan be implemented in the U.S.? Yes.

Check cashing stores

Certain check cashing stores are taking market share from U.S. commercial banks by taking any and all “banking” customers-without restrictions. These retail operations provide services that are similar to banks.

Business privacy and personal privacy can be best accomplished through the use of check cashing stores, not commercial bank accounts. A business manger or an individual can accomplish asset protection with the starting point being the immediate control of his or her cash. Simply open an “account” with a check cashing store, present your business check, personal check, bank draft, or other negotiable instrument, and receive cash in your hands-minus the 1.9 % to 2.9% (average fees) charged for this service, of course. Now, your “bank account” with its $0.00 balance cannot be liened, frozen, attacked, or confiscated.

Bank Secrecy in the U.S.A. can be accomplished when the account is properly opened and maintained.

Back to the check cashing stores.

These operations sell a prepaid debit card with the MasterCard or Visa logo that is a handy jewel to have. These cards are sold by the check cashing store, sent to you by a financial services company, in most cases, and sponsored by a U.S. bank that is usually based far away from where the customer purchased the card.

Several check cashing stores sell these prepaid debit cards with their online bank account that has a routing number and an account number-just like a commercial bank account. And these accounts can sometimes be opened without Social Security numbers or Employer Identification numbers. It gets better: In addition to not providing a tax payer identification number to the institution, there have been business customers who have opened these accounts in their business name while using variations of their company and personal documents to open these accounts instead of the banks’ cherished, tracking and tracing information and numbers; the Social Security numbers, Employer Identification numbers, and mothers’ maiden names.

Negotiations for personal privacy and business privacy

Personal privacy and business banking privacy is best accomplished through negotiations with reasonable managers at check cashing stores. Through your excellent communication skills, you can get what you want to prevent bank identity theft and keep your bank account private. Remember these accounts are for holding funds temporarily, much like a current account, a non-interest bearing account. And they can be kept totally private when you handle the account correctly.

Investments will be the subject of a future article and may be held in U.S. entities protected by private registration and/or Offshore Asset Protection Trusts.

You may be interested in my upcoming book tentatively titled: Privacy Crisis Banking

The new book will be offered as an e-book and as a hardcover book and will be available for purchase from the website and from bookstores everywhere.

My current e-book, Privacy Crisis: Identity Theft Prevention Plan and Guide to Anonymous Living provides information on business identity theft prevention, personal privacy living tactics, and may be purchased and downloaded within five minutes from now.

Thanks for reading.

Grant Hall