What You Can Do Before America’s Wealth Confiscation Tax

I was in Panama City all last week reporting on the Total Wealth Symposium, giving you the play-by-play on what some of the world’s leading asset protection experts had to say about preparing for America’s wealth confiscation tax.

The conference was overflowing with steps to take that can enable you to guard your wealth and your freedom. Some of the questions posed include:

• Have you begun looking into quiet wealth with collectibles?
• Have you considered investing in foreign real estate?
• Have you started making a list of places you’d consider for a second residence?

Here’s a recap of what Saturday’s speakers had to say.

The Offshore Option

With the implementation of FATCA and the general fear campaign the U.S. government has launched, it might seem too good to be true, but it is still LEGAL to keep your assets offshore. That’s why Total Wealth Symposium attendees were eager to hear from Puai Wichman LLB, managing director of Ora Fiduciary (Cook Islands) Limited.

Mr. Wichman walked everyone through the three key steps to deciding to place your assets offshore:

1. Choose the jurisdiction right for your needs
   • The country’s legislation should complement the asset protection provisions you need
   • Overseas courts must be competent and outside of your home jurisdiction
   • History — has legislation been tested? How did the courts interpret important provisions of legislation?
2. Choose the right service providers by looking for:
   • Competence — they should have specific experience with asset protection
   • Track record — have they withstood challenges? Did they stand and deliver when it counted?
   • No presence of the U.S. whatsoever with the service provider company
   • If possible visit the trustee and ensure compatibility
3. Choose the right vehicle for you whether you are considering an APT, LLC, or other asset protection vehicle.

As a native and financial planner from the Cook Islands, Mr. Wichman also offered up more information on the widely overlooked Cook Islands. The tiny island nation offers a stable democracy with modern infrastructure. Its legal system is based on British common law, while both its business and official language is English.

The Cook Islands enjoys highly developed business infrastructure, with modern telecommunications and direct flights to New Zealand, the United States, Australia and Tahiti. It also boasts the highest GDP per capita amongst the South Pacific small island nations.

Many people like the Cook Islands because of its strong confidentiality provisions that apply to the offshore regime. The Cook Islands offer high protection of privacy so long as you are compliant in your filings with the U.S. government.

Profiting From Bad Weather

Our in-house weather guru Chris Orr couldn’t make it to Panama due to some unforeseen medical issues, but he was able to make a great video for attendees. He had two big warnings in his presentation.

First: The polar vortex is coming back!

Yes, the ultra-cold winter we suffered last year with mounds of snow and ice is going to sweep back through the Eastern half of the United States, with colder-than-normal weather starting as early as this month.

Besides more snow and ice, a new polar vortex means that there are going to be some great trading opportunities as the nasty winter weather impacts businesses.

The other warning from Chris was that El Niño isn’t done yet. El Niño appeared to go quiet during the summer — unless you happened to be living in any of the regions hit by drought — but Chris pointed out that the ice shelf along the northern part of Antarctica has grown significantly more than usual. When this ice begins to melt during the southern hemisphere’s summer, the colder water will push the warmer water north, helping to add strength to El Niño during our winter.

A big push from El Niño will also create some unique trading opportunities for investors.

Chris will continue to monitor changes in weather and will be sending updates to his Weather Trader subscribers. He has several stocks that he’s got primed and ready to trade as soon as he knows his full forecast for this winter.

Wealth Confiscation is Coming

The Total Wealth Symposium concluded with a panel of experts, including Jeff Opdyke, Eric Roseman of ENR Asset Management, Rob Vrijhof of WHVP and Josh Bennett of Josh N. Bennett Esq., PA. These gentlemen answered questions regarding their expectations for wealth confiscation and how a person could best protect their wealth.

Jeff commented that: “I don’t think we’ll necessarily see capital controls to the extremes we’ve seen in other places. It would create too much instability in the world. But I think we are more likely to see wealth confiscation. That’s going to be a one-time tax confiscation tax.”

While none of the experts could give an exact time table of when the confiscation will take place, they all agreed that there was a very high likelihood that one was coming and that attendees should immediately being planning to guard themselves. Josh Bennett pointed out that he believes that a person’s best protection remains the Asset Protection Trust in a foreign jurisdiction. Legally via case law, this is the most protected asset protection vehicle.

In a confiscation, the first to go will be the liquid assets. As a result, real estate, stocks, insurance and hard assets such as gold offer a much-needed layer of protection.

And what will come of the dollar when the U.S. government resorts to a wealth confiscation?

Rob Vrijhof stated: “I think the dollar will remain as the world reserve currency.”

Meanwhile Jeff commented that he believes: “China will release a currency that is backed by gold and other real assets.”

Don’t Miss Any of This Critical Information!

The conference was a great success with everyone walking away with new ideas to investigate and pursue. In fact, many attendees took the opportunity to reserve their spot for our Uruguay conference in March. At this conference, not only will they hear from more experts, but they will also tour local real estate and farmland opportunities.

If you missed any of the Total Wealth Symposium or just wanted more in-depth details on the great information that was shared, you can still order our Confiscation Survival Kit. It contains videos of all the speaker’s ideas as well as the PowerPoint presentations so you can go through all the information at your own pace.

From your conference insider,

Jocelynn Smith
Managing Editor, Sovereign Investor Daily

The post What You Can Do Before America’s Wealth Confiscation Tax appeared first on The Sovereign Investor.