Privacy Crisis Banking: Bank Secrecy Plan & Resource Guide to Protect Identity, Money, and Property is a New book written by Grant Hall and published by James Clark King, LLC. The book will be available for purchase as an e-book from this website and as a hardcover in bookstores everywhere. Look for the book in the fall of 2011. You can have financial privacy and banking secrecy in the U.S.A. and in other parts of the world.
Here are excerpts from Chapter 8: Offshore and Domestic Banking Considerations and Preparation
“BANKING PASSPORTS” AND WHY NEVER TO USE ONE
I grew up reading a number of privacy books whose authors wrote about escaping greedy ex-wives and their money-grubbing attorneys, or other undesirable people or circumstances many of us have to deal with during crisis periods in our lives. These authors touted the virtues of living under the radar on sandy beaches in faraway places, to escape the shafting penalties handed down by courts to “innocent” plaintiffs. And mentioned within these fairy tale paragraphs were stories of how “so and so” had purchased the ultimate remedy to stave off the enemy—a “banking passport” from an offshore “broker” who sold bogus passports issued by defunct countries. Please don’t fall for this out-dated, worn-out scam. Provide true and correct information to financial institutions which meet your business needs and privacy requirements.
Upon reflection, the stories of luring the gullible escapers of reality to their new promised land with unidentifiable money—disguised through a fake passport issued by a country that had its name changed—seem more outrageous today than when I first read of these tales some thirty-odd years ago. I imagine there are far more failures than successes concerning the use of phony passports sold for banking purposes. Don’t participate in these frauds. Such tactics may provide Big Bureaucrat, in any number of jurisdictions, with all the ammunition he needs to seize your assets and throw your ass in jail pronto.
Treat offshore banking as you would any new business venture. Do your research, prepare your application(s), gather your references, make contact with prospective institutions, and be honest and truthful about yourself, your business, and your requirements—and you will do fine.
BANKING NOMINEES; NONSENSE FROM NON-EXPERTS
Not much has changed since my writing and speaking campaigns against the use of banking nominees, first exposed in late 2006. That’s when Privacy Crisis, first edition, was published, and I’ve followed up with my comments on the subject during interviews on talk shows since that time. Always, I have advised against the use of having someone else be in control of your assets, the one and only exception being when one is disabled and cannot make his or her own decisions. But to use another to control money for privacy purposes is a bad idea—an idea formed without the full benefits associated with study, time, and experience with experts and the practical application of using bank secrecy in real time while under fire, as I had to do once in my life. And I used the same entities, with the same structures, outlined in this book and Privacy Crisis. Doing so, I managed to escape unscathed and without spending one thin dime on legal costs for a matter that could have resulted in substantial costs, had the structure to prevent the damages not been in place and had I not had the knowledge base of privacy living to make myself “invisible.”
Thanks for reading.
James Clark King, LLC, Publisher
Grant Hall, Author