Legislating from 31,000 Feet…
Common Myths and Misconceptions About
What Global Banking and Investment can Do for YOU
What Global Banking and Investment can Do for YOU
By Patrick Bove
“This must be what it feels like to be a Congressman.”
So said my seatmate on the flight from Dallas Fort Worth to Los Cabos, Mexico, home of the 2009 Offshore Advantage Academy.
“From 31,000 feet, everything looks so simple… Entire states blend into each other. Towering mountains are flecks on the horizon. And Americans’ most pressing concerns are inaudible. (Except for the guy three rows up who wants extra peanuts.)”
He had a point. From this vantage point, you can see everything – and nothing.
And here’s the scary part…
If your perspective was “fixed” at this giddy height – you might start to act like a Congressman too.
From this perch, there’s no problem that can’t be solved. No “micro” that should go unmanaged.
It Makes Sense When You Think About It…
No wonder Washington’s bureaucrats, Senators and Congressmen are so intent to tell us where to invest, how to live… and (who knows what’s next) when to breathe?
They’re thinking and acting at 31,000 feet… while causing massive uncertainty on the ground.
And as a result… we are threatened by one grand delusion after another. Which has led us to massive national debt, a devalued currency… and the “genius” idea that more spending will actually save us money.
Meanwhile, medical costs are exploding, Social Security is about to dip into the red and unfunded pensions are forcing millions of Americans to re-think retirement.
I know it’s not just me. Odds are you’ve cracked open the newspaper this week and said to yourself, “They did WHAT?”
And you’re not alone…
According to our research, 11.1 million Americans have asked that question one-too many times. They’re fed up and they’ve decided to leave the country.
Some are picking up everything and going offshore. Others are simply investing in a safe-house-slash-vacation-home or moving their assets to safety…
There are a couple myths about the offshore world that get circulated each year, and they’re way off base! So let’s go ahead and dismiss them with a 1-2 punch:
Myth #1: You should make your first million… or three… before thinking about going “offshore.”
Wrong! Most people believe the “offshore world” is reserved for millionaires and billionaires – but nothing could be further from the truth! There are benefits to going offshore that can benefit practically anyone – from the average investor to the tycoon.
Case in point, a man I know of – I’ll call him Carl – has relocated his family offshore, for the simple fact that his elderly mother requires live-in assistance. Today, she enjoys this high level of personal care and it only costs Carl $160 a month. (A similar setup in the U.S. would set him back nearly $5,500!)
Myth #2: You need to quit your job, hire six lawyers, thirteen accountants and a magic eight-ball to set-up an offshore investment or bank account.
Wrong! That’s what the keepers of the “status quo” would have you believe! In reality, it’s a breeze to check the financial stability of an offshore bank… transfer money overseas… and invest in a bevy of legal opportunities that can smash the S&P 500. You just need to know the right questions to ask… who to trust and which offshore entity is right for you. And that’s exactly what you’ll learn in lessons one through three.
Until next time, I wish you all the best!
Patrick Bove