The Top 5 Reasons Why You Should Get Out Of The Western Financial System Now

Many people are not aware of the incredibly dire, impending risks of holding your assets in the Western world in the immediate future.  Mainstream media will not tell you about much of this.  Politicians and government definitely won’t.

But, this is all factual information, all from government sources, in fact, with references that paints a very clear, dire picture.  The picture couldn’t really be any clearer once you see this information.

Here is just the top five of literally dozens of reasons why you should be looking to secure your assets now.

1. The International Monetary Fund (IMF) has just recently announced (as outlined here) that due to government debt levels in developed (read: Western) countries being at 200 year highs that there will be severe “financial repression” necessary.  What do they define as severe “financial repression”?  They give a number of possibilities including outright debt default (which will cause a financial system collapse) or an “inflationary surprise” (hyperinflation, destroying the Western currencies).  In either case, having your assets in a bank or brokerage account in the West will likely lead to near destruction of your money/capital.

2. FATCA (Foreign Account Tax Compliance Act).  Not many Americans know anything about this but if you do have money or assets outside of the US, you already are supposed to file a FBAR (which essentially means, ‘tell us where your money is’) and a Form 8389 (which essentially means, ‘tell us where your assets are’).  Failure to file is punishable by extreme fines.  To make matters worse, if you don’t have any assets or money outside of the US, FATCA is coming into effect in July, 2014 and will all but make it nearly impossible to expatriate your assets (all of this is explained here).

3. Worldwide Income Tax.  Until just a few years ago it was only the US and Eritrea that actually demanded that you pay a worldwide income tax in your “home” country no matter where you lived or resided and no matter where you made your money.  That is all changing fast.  In just the last few years numerous countries including Australia, Mexico, Chile and others have all started to claim that even if you are a non-resident citizen making money outside of the country you still owe tax to the country of your citizenship.  In fact, as we will likely write about tomorrow, Panama just tried to enact a worldwide income tax over Christmas of this year.  What this means is that if you don’t structure your financial affairs properly it is quite likely that no matter where you live and what you do that you will owe a very significant percentage of your income to the countries in which you hold citizenship.

4. Bank Bail-Ins.  You likely remember in the spring of 2013 the country of Cyprus just took nearly 50% of everyone’s money in their bank account if they had more than $100,000 in their account.  In effect, the opposite of something like the Federal Deposit Insurance Corporation (FDIC) where instead of protecting your funds they just take it.  It may come as news to you but countless countries have since instituted “bank bail-in” clauses which state that if banks have problems and need funds (which they will, see point #1 above) that they are legally allowed to take their depositor’s money.  These places include every country in Europe, Canada, Australia and even the US.  Jim Sinclair, chairman and chief executive officer of Tanzania Royalty Exploration Corp., and whose family started Goldman Sachs, Salomon Brothers, Lehman Brothers, and others, has been warning of this for a while. “Bail-ins are coming to North America without any doubt, and will be remembered as the ‘Great Leveling,’ or the ‘great Flushing’. Not only can it happen here, but it will happen here…It stands on legal grounds by legal precedent both in the US, Canada and the UK,” said Sinclair.

5. Pension Fund Seizure.  Think it can’t happen?  It has already happened in numerous countries and the US Treasury (see here) has discussed nationalizing all private pensions in the US.  In 2009, Ireland seized €4 billion from its Pension Reserve fund. In 2010 Hungary told its citizens to remit their private pension funds to the government. Later in 2010 the French parliament took €33 billion from their national reserve pension fund and in 2011 $80 million in private retirement funds were transferred to the state’s pension scheme in Bulgaria.  And, in September of 2013 the Polish government confiscated the bulk of the assets of the country’s private pension funds.  The writing on the wall is clear, they will also come for your pensions… and that is beyond the Social Security funds that have already long been taken and spent.

…if those five reasons alone don’t have you incredibly concerned about salvaging your wealth then there is probably nothing more I can do to help you.

If you are incredibly concerned, and you should be, then read on…

THE CRISIS CONFERENCE

Neither I nor anyone in the entire TDV family of organizations have ever held a conference but I consider this to be so vital and urgent that we have rushed to put together a conference under the TDV Wealth Management banner in Panama in early February called the Crisis Conference.

This is not your typical conference.  There won’t be an assortment of colorful speakers all giving vague ideas on what they see happening.  I consider this so dire that I have assembled our top internationalization experts to all be in one place at one time so we can not only give you the information to avoid this collapse but also, on location, begin the process.

We are only accepting a small group of people, less than 30 (including spouses and family should you want to get them involved in the process) and each morning is set aside for extensive private consultations.

This is not easy stuff.  You can’t re-arrange your entire financial and personal life in a 30 minute chat.  Everyone has different wants, needs and desires and to effectively re-arrange all your affairs to side-step the coming collapse will take a number of hours, at minimum, to begin the process.

But, once the process has begun, in person, much of the rest can be done remotely.  Especially once you have that one-on-one trust factor established.

We have assembled our top offshore, charitable remainder trust and passport experts all in one place at one time to help an exclusive group of individuals to understand exactly what their risks are and what their options are.  Luckily, there is still options but after July of 2014, when FATCA is enacted, things will get much, much harder.  For those who have re-arranged their affairs, much like many regular people and countless well known people including Warren Buffet, Bill Gates and Mitt Romney already have, prior to July 2014 you should get through this collapse relatively unscathed.

At TDV we have been warning of this for more than three years and most of our predictions have, unfortunately, come true.  And, we really consider the next few months to be the last option for many to really sidestep this impending collapse.

Click here to protect your assets for yourself, family and generations to come in Panama this February.  Or call +1-646-568-5518 Ext. 509 to see if it right for your personal situation.

None of the above five reasons for the need to do so are conjecture.  They all come direct from the IMF and the US government who have announced their intentions.  It can’t get any clearer than that.

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media including CNBC, CNN and Fox Business.