Do you believe the child support collection agencies and other government agencies in the U.S.A. should have a clear trail provided for them from their desktop to your money and property? Is your financial privacy and consumer privacy being stolen by those with access to privacy-invasive data bases that house bank account information and property ownership information?
What about that troublesome investigator who works for her attorney? Should Mr. Investigator be able to tap into private data bases that provide him with a clear picture of your finances? He can for the payment of a subscription fee of a few hundred dollars.
Do you believe you have financial privacy freedom in the U.S.A.? Do you believe you have freedom in the U.S.A.?
Note: Retail bank account holders in Communist China provide identification to banks prior to opening a bank account. No Social Security number or similar identifier is provided to the financial institution.
Sources: The author has had face to face conversations with two Chinese nationals on the subject matter of bank secrecy and financial privacy from 2008 to 2010.
IF you have such a wonderful level of freedom in the U.S.A., why do your banks require a government identification, a Social Security number, a credit bureau check and/or a ChexSystems check, and more just to open a checking account?
It is easier and far less of a personal privacy invasion with less consumer privacy being sacrificed for a citizen of China to bank in their home country than it is for an American citizen to bank in the U.S.A. With these facts in mind, the author of this article will attempt to outline some reasonable expectations for one target group, divorced dads (and mothers) who want financial privacy and bank secrecy.
Divorce statistics indicate that approximately 50% of marriages result in divorce.
The excerpt below concerning divorce statistics comes from the link below and is a direct quote from that website.
“About 50% of first marriages for men under age 45 may end in divorce, and between 44 and 52% of women’s first marriages may end in divorce for these age groups.”
Source: Rose M. Kreider and Jason M. Fields, “Number, Timing, and Duration of Marriages and Divorces: 1996″, U.S. Census Bureau Current Population Reports, February 2002, p. 18.
So, in the event you are one or expect to be one of every two people who divorce during their first fifteen years of marriage, you may choose to take some preventive measures to preserve your financial privacy.
With those citations and references, I have made my case for the necessity of financial privacy and bank secrecy for half of the population IF they want the chance to preserve their right to privacy when disaster strikes. I do advocate banking secrecy and believe all parents should support their children. Divorced dads and divorced mothers who are ordered to support their children by family court should pay the obligation, of course, and be given the dignity to pay support payments from their source of funds, not have it garnished or forcibly taken in my opinion.
CHECK CASHING STORES
Check cashing stores enable one to cash their personal or business checks on the spot. These financial institutions deposit their customers’ checks into their business account for clearance of the check.
Once an “account” is opened, the individual or business manager may receive his or her cash for the check presented minus the fees of approximately 2 percent of the principal amount. There are no hold times on checks nor is there any money on deposit with the check cashing service, a distinct privacy advantage and a hedge against a bank account garnishment or bank account seizure.
IF the fees charged by a check cashing store seems high to you, consider how expensive it is to try and recuperate lost money once a business or personal disaster does occur.
I’ll be NORFED managers wish they had engaged in a bank secrecy program instead of leaving their money and property out in the open and able to be seized. Their assets and money was seized by the FBI during 2007. Would it not have been a better business decision to keep their finances private and have their money and property intact when they were charged instead of being without their resources, necessarily needed to fight the legal battle they had to face following the charges and seizure?
What about the divorced dads worldwide who have their money grabbed by child collection support agencies when they owe no money? This happened to one such dad. Watch his video story by going to this link:
VodPod, Man wrongly accused of being a ‘deadbeat dad,’ video, collected from YouTube.com, February 21, 2010, http://vodpod.com/watch/3095884-man-wrongly-accused-of-being-a-deadbeat-dad
Also, dads in the U.K. are having their homes seized for payment of child support as reported in one such article. See the story at this link:
Gurardian.co.uk, Child maintenance agency moves to seize 340 non-payers’ homes, February 7, 2010, http://www.guardian.co.uk/society/2010/feb/07/child-maintenance-houses-seized
It would appear that the odds of making child support payments would be greatly reduced for a dad who is homeless. Might it be a more sensible idea to arrange a payment schedule instead of snatching one’s home?
ANONYMOUS HOME OWNERSHIP
It is possible to live anonymously through the use of front entities owning property, including one’s home. The advantage is that one can control the property while managing to keep his/her name out of privacy-invasive data bases that store the residence information of most home owners. Home privacy is a doable goal and can be accomplished when one plans ahead and has implemented the necessary privacy principles and concepts to live anonymously.
Should free people be able to store their money and own property anonymously if they choose to do so? It is degrading and fundamentally against the principles of freedom to have government agencies’ prying eyes on citizens’ property and money in the opinion of this author.
Through the use of privacy principles, divorced dads, divorced moms, and others can live anonymously and have bank secrecy. Specialty privacy resources may be required and privacy information will be necessary to accomplish high-level financial privacy in the U.S.A and worldwide. However, it can be done. I guarantee it.