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Hear That? It's the Sound of the Door Closing for Americans
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We hate being right.
After all, we have been predicting that people in the US and most of the western world will soon find themselves living in a Terminator-esque world where they will be tracked every moment of the day (US Government Builds World's Biggest Domestic Spy Complex), the US Government
can jail indefinitely and even kill its own citizens (NDAA Bill Can Send Americans to Prison Indefinitely Without Trial), that the assets of westerners will be taken and consumed by their vampire overlords (France mulls 100% tax rate), they will be restricted in their ability to travel outside the country (Congress about to pass a bill that restricts travel and revokes passports with no trial) and it will be impossible to get your money outside of the country to protect it from confiscation (capital controls).
On the topic of capital controls we had predicted what is now happening. We've been writing about it for some time (see "The Door Is About To Shut For Americans" in May of last year). The only thing that has surprised us is the speed in which it is all happening. We are rarely shocked but we have been surprised at the speed with which the world's banks have stopped accepting US citizens as clients. It was only a few weeks ago that we penned, "International Banking Options for Americans Closing Down Fast" and stated that our sources had notified us of at least one bank (in Latvia) which has stopped accepting US clients because of the rules put in place by the IRS in the Foreign Account Tax Compliance Act.
That was then, this is now. Here is just one man's recent statement:
"I don't open U.S. accounts, period," said Su Shan Tan, head of private banking at Singapore-based DBS, Southeast Asia's largest lender, who described regulatory attitudes toward U.S. clients as "Draconian."
The phone has been ringing off the hook at TDV Media and Service's headquarters. Nearly hourly word has come in of another bank that has stopped accepting US clients. Some have even started closing accounts for US clients... a trend we definitely expect to continue.
Don't believe us? Check out this article from the San Francisco Chronicle. They only got one thing wrong. The title of the article is "U.S. Millionaires Shunned by Banks as Tax-Evasion Law Looms". But, it's not just millionaires. It's all US citizens with a foreign bank account.
BLOODBATH
It's a bloodbath. People who make their living off of helping US citizens set-up foreign bank accounts to diversify some of their assets outside of the country are closing shop... all in the last few weeks. They are walking away from their honest, often decades-old business like victims of a bomb blast... in shock.
We feel very bad for them but we knew this was coming and have been hiring people almost daily to help out with the demand. If you are a US citizen and have money in a foreign bank account that you would like to keep there, expect a call any moment. It'll be the bank and they'll tell you that you have 72 hours to close your account and to tell them where to send the funds. If you don't want to send it back to the US where Barack O'Bomber already has grand plans for how to spend it then your options are seriously limited.
But, here's the good news, there is still options. Here are just a few options that are still on the table:
- There is at least one bank in the Caribbean that is still willing to accept US clients. If you get a call from your bank that you must move funds immediately and do not want to repatriate them then you can open an account with them. We have already identified the bank and have set-up relationships to get your account opened and processed all via the internet within 24-48 hours . Contact info@tdvoffshore.com for more information
- You may still have a few months before your bank contacts you. In that time, we have found a number of ways to get a second, foreign passport inside of 30-60 days. Once you have a passport other than a US passport you can then convert your foreign bank accounts to your new citizenship and avoid having your accounts closed or reported to the IRS. Contact info@tdvpassports.com for a consultation on the best solution for you.
- You can also convert a significant portion of your cash into precious metals... which is a very smart move to begin with... you can easily buy and/or transport these assets to a number of international destinations where property rights are respected and the governments are not in massive debt and in need of confiscating your assets. This includes Singapore, Switzerland, Hong Kong, Uruguay and many more. See "Getting Your Gold Out Of Dodge" for specific, detailed actionable info on doing this.
Even if you don't need any of these types of services at this time, but it is finally dawning on you that the fiscal cliff is approaching very quickly and want to be prepared for what is to come, all of this type of information is the main focus of The Dollar Vigilante newsletter. Subscribers are regularly updated with news, analysis and info for how to survive the coming western financial system collapse.
SELF INTERESTED SCARE MONGERING?
You may be thinking, "this guy just seems to be trying to scare us and promote his own products". If you've followed my writing for any length of time you will know that I've been writing about these events for years. And, up until recently we didn't even offer products. We began writing The Dollar Vigilante two years ago because the writing on the wall had become clear and we wanted to help as many as possible to survive the coming western nation-state and financial system collapse... but we were inundated with emails asking us, "Ok, we agree with your prognosis but what can we do to protect ourselves?"
It was then that we began scouring the world looking for second passport and offshore bank account services and found them lacking. We looked for other information such as is included in Getting Your Gold Out Of Dodge and came up empty. That's when, as good entrepreneurs and capitalists, we decided to offer the products ourselves. That's what good capitalism is about... finding ways to help people in need.
The monetary system that the world has lived under for the last 41 years, since the US went off the pseudo-gold standard in 1971, is entering the end game. And we are sorry if we need to be so abrupt in trying to wake you up to it. But, to show you the kind of brainwashing and pyschological issues we are regularly up against, here is a conversation we recently had from a women who had called us to see if she really needed to make her move to protect herself ASAP:
Jane: I just don't believe it is that urgent. There is nothing on the nightly news about this... and my financial advisor says there are green shoots and we are in recovery.
TDV: What would it take you to realize that it was time to get out of the US?
Jane: I'm not leaving until they shut down the border.
We sat there speechless for about a minute after that one. She has normalcy bias. And, normalcy bias is very dangerous in times like these when everything is about to change.
We suggest you don't wait until the borders close to get out. And, this is not just a US phenomenon. The entire west will follow in its footsteps... and other nationals as well, such as the Chinese, also should see the need to internationalize themselves (and they do, "China's Millionaires Looking For Way Out"). There is already a wall around China, don't wait until there is one around you before you start taking the steps necessary to protect yourself from leviathan.














Comments (9)
Right on, mava
Beautiful definition I see here.
Holy cow. I always expect this kind of answer, Menno, but I never get it before, until today.You hit the nail on the head. It is, in fact the government that exploits the people, in each and every case of actual exploitation at work, by preventing the person from being able to take care of himself in other ways.Exploitation, by definition, is something undesirable. So, if I work voluntarily, I can not be exploited, because as soon as I am, the work becomes less than satisfactory and I leave. Unless, I am forced by the government. The business can not possibly exploit any one, it is always and everywhere the government that does the forcing. It does not matter on who's behalf, just like it would not matter that the gun wants to kill you, but only that someone squeezes the trigger.Communists, took this word "exploitation", and as is customary to them, changed it's definition and made it their cause. According to them, exploitation is something a person willfully chooses to get better pay.For instance, a person could choose to work at different place, and earn less, so that some sacrifices in quality of life would be needed, but this is never acceptable. Each person, according to commies, has an innate right to GET the best pay without the downside that it may entail.For instance, according to commies, I was exploited when I was working at 16 in USSR, at a position that was expressly prohibited for underage workers due to the danger. I doesn't matter that I chose it voluntarily. I doesn't matter that I didn't think it was that bad.So, my leaving the USSR, never happened according to commies. I simply have no such choice. It is too inconvenient, it involves me moving overseas, and all without getting everything set up for me (as in the school of idiocy, - the us unemployment office). Someone must work and transform the USSR into a worker's paradise, but it should never be me to solve my own problems.Another thing about this matter is that Commies reject objectivity. They simply are too stupid to understand that each person has it's own views and standards. Consider this example:Here in us, the worker is afforded one lunch per 8 hours of toil, by law. Why one? I, for instance, do not believe I would be exploited if I had none. You, on the other hand, may feel that there are two lunches that should ideally be taken during that same toil time. So, by setting the limit to one lunch, the government knowingly exploits some workers who are subjectively outside of the imposed rule. How can we define what is exploitation and what is not objectively? Only by allowing each to chose his own, but this would be exactly the capitalist system!I can, and in fact I did negotiate with my employer numerous times and set the rules that I likes for myself, different from anyone else. Sure I paid for this with my productivity. Communists insist that no exchange should be made. That any working condition should be achieved just like they counterfeit money, - by a decree, out of thin air!More specifically on China. Of course this is the case of the government forcing people to commit suicide. But you can never explain this point to a commie. Why? Because, to recognize the true cause would in this case be logically be followed that by a thought that the state that can possibly demand obedience, is exactly the state that oppresses and exploits. This would unravel the whole secret about communism, so, of course, they can never agree with this. The usual excuse is that if the government forces worker into a suicide, this is only because either the "big business" did not offer them free lunch, or that the government itself does this on orders from the business.It never occurs to them that a government capable of oppressing will always be used to oppress, and so they create the oppression that they so hate, by first creating the government with these kind of powers.Example. These workers are probably very limited by the government as to:-what information they can read-what legal help they can obtain-where they can relocate-what kind of job they can do-what land they can use-what can they do with the landNow, lets counter-impose this with a capitalist example:A true capitalist government has no such power as to limit anyone with regards to absolutely any activity that isn't directly harming anyone else. Further, no one, no matter how much of a majority, can force any individual to do anything at all, or take anything from that individual.So, in capitalism, such exploited worker is always free to leave, educate himself, start a business, change job, etc.Another good point that brought up is the reverse matter, such as the exploitation of the employer. Communists generally are incapable of understanding this, just like they are incapable of understanding that wages are prices. They are locked into thinking about any matter only from their own point of view, which, by the way, always brings them to murder, since the murdered side point of view need not be considered.I am sure I am preaching to a quire. But really, without accepting the objectivism, it could easily be shown that everyone, in any position, is exploited.
mava - Just curious, are you originally from the former USSR? It sounds like you have had an interesting and varied life.From a Western perspective, I completely agree with your take on so-called exploitation of workers. The idea that sub-optimal working conditions and/or low pay equals exploitation is nonsense. No one has a duty to provide another with an income source; any agreement to that end which is voluntary by all parties is naturally void of exploitation. As a matter of fact, to advocate forcing a business owner to involuntarily risk more capital for any reason, is to advocate exploitation of the business owner. This is wrong.But it makes me curious when I hear of workers in China committing suicide, in large numbers even, due to (ostensibly) being subjected to the demoralizing non-choice of severely inhumane working conditions/near-zero pay vs. imminent starvation. We are not talking OWS-style crybaby protesting: Apparently there are workers in China who are desperate enough to resort to the ultimate solution to get out of misery.I don't know what the facts on the ground really are, and I take MSM reports with a grain of salt; but assuming the reports are basically true, it makes me wonder what kind of economic conditions, or system, leads to that outcome? It certainly does not sound like even a caricature of a free market if those workers have nearly no choice at all. Even in a "semi" free market, before one gets that desperate, one would find some alternate way of sustaining oneself. This leads me to believe that alternate options are somehow ultimately blocked by force, most likely by the guns-and-fists regulations of the Chinese government. If so, that does equal exploitation.
@mavaOk, I have to confess that my comment was a bit out of line since it was more of a provocation than a real addition to the discussion. Anyway, thanks for explaining the reasons that made you leave the USSR.But when you said: All these "exploited" can start their own enterprise, where they work in a wonderfully humane environment.I actually am forced to ask you... how is that really possible, without having access to knowledge nor capital? Like you said, you didn't even knew what a PC was... so how could they start their own business without capital or knowledge about how to do it? I'm not a fan of the USSR politics, in fact, I'm against those communist policies but even then, my opinion is simple, if you do not have access to capital, knowledge and "know how", how can you start a business? You could sell fast food in a street but even that would be taken over easily by fast food chains like McDonalds and similar producers of fatting pig's food...I remember to study a bit of the American depression and one thing that fascinated me was the appearance of the hotdogs. It was a small business that some guy started in order to deliver a simple but highly protein to factory workers. Anyway, many of these workers end up dying to miserable working conditions and diseases... They worked their because if they did not work, there would be no food at the end of the day in their bellies.Btw, when you worked in the USSR, did they pay you at the end of the day or the month?One way of enslaving someone is to pay them by the day just enough, so that the workers could only feed themselves daily. This insures that the worker will comeback at the next day.Despite I support these arguments, I also have to admit that they are not always applicable. The history of my country during the dictatorial ruling of Ant
Nope. None of that nonsense. But, I dislike lies. So, that was my attempt to (again) see if there is such a thing as exploitation of a worker. And, apparently, since you now seem to be claiming that my life, as I lived it, was not (enough) enjoyable, there is no such thing. Again, I am left with no example of exploitation.What you have mention is a complete bull. If you are not leaving your work because you have to eat, then you are not exploited. No one has to get up in the morning and risk their capital just to conveniently provide you with something to eat. All these "exploited" can start their own enterprise, where they work in a wonderfully humane environment. They can literally create the "work" that is joy to have, and yet, get paid for it.However, if I am to offer you work, this will be on my conditions. You do not have to take it. And as far as I saw, overwhelmingly, people pay you for something they do not want to do themselves.As for my work, I think that I have the easiest life by far. To you this may seem hard, but for me it was easy.I partied fair bit, and had all kinds of fun. All on my own dime though. My description was to only illustrate that if that was easy, then who can complain? And I did left the factory, because I thought that international trading would be more fun. I did that for a while. Had my own (underground) business. This was shut down by the ever hungry state.I left USSR because a) I got tired of feeding the lazy. and b) because I incorrectly perceived US as a free country (very aged data that turned out all to be false). I was actually told that US uses gold for money, and that I could turn my dollars to gold coin at any bank (LOL, this was 1996!, poor sob). I thought that the country that does that surely is a free country. I was wrong. Now I know where I could have looked. But back then, I didn't even know there was internet. I actually saw my first PC the night I was waiting for my flight. I did not sleep nor eat, I was mesmerized by the computer. Sure, I had illegal printouts for the basic codes and ram operation of ZX80 that my friend had, and successfully converted his tape data access to high speed / low error VHS feed (my idea), but the PC was just out of my class! As far as I know, true knowledge (austrian economics) is not even available in Russia to this day, except for the internet. I am so thankful to Al Gore for inventing it.
Yes mava, of course you could have... but since you need to work in that factory so that you could eat, you never did lol...Now I get why you write the way you write.... You just want other people to work has hard has you have and to feel the difficulties that you felt... It must pisses you off to see someone being helped in order to obtain a better life, doesn't it?So it seems that all those news about chinese workers at Apple's Factory wanting to commit suicide, that's probably just socialistic news and stuff right? They could always leave there jobs and go find other jobs that pay better right? Lol... do you have kids mava? do you have family? Or did you work all your life to become someone that hates people that are happy and always worked less than you? How does it feel, to have worked all your life and not stopping a single moment to enjoy the sun, the air or the water on your feet at the beach?Anyway, why did you left USSR if you liked so much to work there? Because changing USSR Government for the US Government, didn't seem to be a good change... lol Maybe you should have chosen Brazil instead :) They are the happiest ppl in the world :) LinkI hope you can continue to have a good life, working as hard as you can! You might one day to remember to live a bit... or two.
It's funny how the "China's Millionaires Looking For Way Out" that exploited and still exploit all those poor chinese citizens in those factories working 12 hour shifts, are the same that are protected by the Chinese Goverment.... I say, let them burn slowly...
All the talk about "exploitation" is a lie. I found it to be a lie since I cared to look.I worked on a factory since I was 16. I worked a lot of 12 hour shifts, and a lot of 16 hour shifts. I worked at the band saw table in USSR where split second bad reflex will cost you an arm if not a neck (16-17yo). I worked in the curing ovens of a wood furniture factory where men don't want to work, but there is a very high pay. I worked here, in US, similarly hard. I don't feel exploited. Never did. In fact, the only thing that always pissed me off about work is that in US, the government mandated me to take lunches and breaks, while I never wanted to have any. It's fascist "care" is what drives me up the wall. I can walk away from a job any time I want, and that included the USSR factory work, so I don't need some fascist swine to "care" about me. I am perfectly capable of negotiating my own way. Yet, I "must", "by law" take lunches. What if ( as in fact is the case) I neither want nor need any? That is what is wrong with jobs!I asked many people. In fact, I think I even asked you, what does it mean to be "exploited"? I have never yet heard an explanation. I don't believe I will ever hear any. Because, there is no explanation to a lie."Exploitation" of worker is a lie.
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