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Special EU & EURO Warning – December 14, 2011Offshore Jurisdiction Comparison 
Guatemala CorporationGuatemala Bank AccountAnonymous Master Card and VisaHigh Limit Anonymous Offshore Visa & MasterCardAndorra Private Banking Swiss Forex and CFD Trading AccountFOREX and FUTURES Bank Account for BrokersForex Professional Broker Trading Accounts Offshore High Risk Merchant Accounts
Second Passports and Citizenships – Read this First PleaseWhy You Should Use USPensionado/Poor Man's Second PassportPoor Man's Second PassportSecond Passport and Second Citizenship ProgramsGuide to Economic Citizenship Passport ProgramsGetting Out of Dodge – May 18, 2012Getting Out of Dodge – May 14, 2012Getting Out of Dodge – May 11, 2012Getting Out of Dodge – May 9, 2012Getting Out of Dodge – May 7, 2012Getting Out of Dodge – May 2, 2012Getting Out of Dodge – Apr 26, 2012Getting Out of Dodge – Apr 25, 2012Getting Out of Dodge – Apr 23, 2012Getting Out of Dodge – Apr 12, 2012Fall of the American Empire – Update October 22, 2011Fall of the American Empire – Update October 15, 2011Fall of the American Empire – Update October 13, 2011Fall of the American Empire – Update October 12, 2011Fall of the American Empire – Update October 4, 2011Fall of the American Empire – Update September 26, 2011Update on the Panama USA Tax Treaty – Dec. 1, 2010Panama and USA to Sign Tax Treaty for Exchange of Tax InformationRead This Before Considering Panama as a Offshore JurisdictionPanama Ending Anonymous Bearer SharesPrivate Offshore Panama Bank AccountHow to Get a Non– Freezable Bank AccountPanama Virtual Office for Panama Bank DepositsPanama Real Estate Purchaser Legal RepresentationMolotov Cocktail Riots in GreeceIraq Dinar Revaluation – Exercise CautionReduce Legal Bills – Outsource Legal Work to IndiaDon't Travel With Your Gold CoinsSingapore Caves in to OECD Tax TreatiesGoing Off the US DollarOECD Tax Treaty Compliance FailingImportant Banking News Alert – Bank Reference LettersWhat Do You Want To Protect?Private Offshore Panama Bank AccountPanama Virtual Office for Panama Bank DepositsImportant Banking News Alert – Bank Reference LettersReal Estate Asset ProtectionPanama Real Estate Purchaser Legal RepresentationAnonymous No-Name Debit ATM CardThe OECD and the Tax HavensAnonymous Visa Cards (New May 2009)Asset Protection – Gold, Silver, USD, Euro, Yen, Swiss FrancNevis OverviewNevis Economy, Currency Exchange Controls, and Economic LegislationNevis Government and Legal SystemObama Muslims and Women's RightsAmazing Obama Birther Case Hits Supreme Court – 10/5/10Retired Three Star General Pushes Against Birth Certificate Free ObamaObama Wants Your Pension/Retirement MoneyObama and His AgendaElena KaganRetired US General Calls for Resignation of Obama - NowObama Kenya Birth Certificate Pops UpEU Times Online Publishes an Expose on Obama IneligibilityArizona Stands Against ObamaKenyan Government Official Cites Obama as Being KenyanLatest Obama Rumors – Columbia UniversityIs Obama a Muslim?The Farce of the G–20Obama Muslim StampObama and CommunismObama Scary TruthsObama Kenya Birth Certificate ObtainedObama Hidden Tax IncreaseThe Obama Not Qualified CaseObama Birth Certificate FraudObama Playing Golf with UBS America President Robert WolfAsset Protection in the USAWhat Will You Do if the FDIC Fails?Municipal Bonds – The House Built on Sand CollapsingDead Birds and Fish – Is this Bible Prophecy?Student Loan BubbleObama and this Once Great NationAlex Jones Calls the FBI Walmart Hotline to Report Terrorists (Government Officials)Mexico Trying to Cut Back on US Dollar UsageLet's Talk Broke States and Welfare FraudStory of A Police Department Falling ApartPolice Layoffs Ripping Through the USASen Michael Bennet Forget to Close Mic, calls Senate Vote RiggedTake Money Out of Banks to Collapse their SystemReal IRA Threatens to Blow Up London Bankers and BanksFrench Taking Money out of the Banks on December 7, 2010Anti-Austerity Protest Demonstration Spread Throughout EuropeEU Gives Americans Rights to Access All EU Bank AccountsBritish Expats Returning To UKUK Cracks Down on Six Million Tax ExilesFrance Obtains Stolen Bank Data From SwitzerlandEvery 30 Seconds Thugs Attack Someone in UKBritish Police Raid 6,717 Safe Deposit BoxesItalian Police Raid 76 Branches of Swiss BanksNetherlands Closing Prisons due to a Lack of PrisonersUK Parliament Member Verbally Attacks UK Prime Minister Brown (Brutal)EU Civil Unrest Starting!UBS Swiss Bank Closing Accounts of AmericansTranslate this page into...
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On August 26, 2008 Sheila C. Blair, the Chair of the FDIC aid her agency may need to borrow money from the US Treasury to meet the financial crisis that the bank failures have caused. It gets worse.
The FDIC now states that the losses from the IndyMac failure are about $8.9 billion. Previous estimates were as low as $4 billion.
The FDIC endangered banks list has grown to 117 institutions, up from a previous figure of 90. More doom and gloom.
The bailout of Fannie Mae and Freddie Mac is expected to hit over $1 trillion dollars. Steve Forbes estimated the damages to be at $400 Billion but other noteworthy experts estimate the damage to be as high as $1.6 trillion dollars. The US taxpayers will be footing the bill on this. What a great banking system. If you own a bank that makes money you get to keep the profit. If the bank fails the taxpayer gets to pay the damages. Ever see a bank bailout a taxpayer who needs help? It gets even worse.
Third quarter net income for FDIC insured institutions totaled $5 Billion down from $36.8 Billion in the second quarter of 2008. That is a decrease of 86.5 percent.
It seems like the USA will be in bad shape for years and years to come if it ever turns around. Jobs have moved overseas. Housing prices are plummeting and the bottom is far from here now. Banks are falling apart in large quantities. The ripple effect from this will be vast. Loans for consumers will be very hard to get. Retail sales will drop as a result. This will cause more job losses and more job losses causes more job losses. That is how it works.
The workers out of work stop spending money and thus more jobs get lost. What it will take to get things on track is jobs. The economic policies of the USA are detrimental to opening or operating businesses. There are high taxes of all sorts, all sorts of insurances, all sorts of lawsuits and so it goes. This is the price they are paying for running businesses off. Now according to campaign promises it seems they are concentrating on bleeding whoever is still living there with higher taxes. They started an exit tax for people leaving and renouncing their citizenships with more than $600,000 in assets. Is this the only country that charges one to leave? Does their constitution allow for this or did they eliminate the constitution?
They have a tremendous amount of people working for local, State and Federal government agencies. These people get their paycheck, inflation adjustments, health benefits and look forward to their retirement pension with an attitude similar to an ostrich with its head in the ground. They have more people in jail that any other nation and most of them for victimless crimes. A new phenomenon in the USA is some smaller governments like cities and counties have been going bankrupt and defaulting on their pension payments thus destroying the retirement the workers looked forward to their whole career. The government workers and legislators in their zeal to overly regulate businesses and individuals have driven them out of business and encouraged them to leave the USA. When it is too late and the government workers lose their jobs and pensions they will realize the key to an economy is having jobs and productivity. Government workers produce nothing. They are supposed to service those in the private sector, not the other way around and this shattered economy is a classical symptom of what happens when things get reversed. Don’t be expecting any fast turn around.
If you are able to leave and want to setup a new life in a much stronger economy with freedoms unknown to you give us a call, we can help. You should plan on living off of savings, investments or being self-employed. The cost of living is much lower. The quality of life is much higher. The crime is lower. The medical is better; most drugs do not require a prescription. The food that is locally grown does not have all the harmful additives. Give us a call if you want to start a new and better life.
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*Offshore Legal Associates Law Firm.We have no legal ties or associations with any other law firm or corporation with similar or like sounding names anywhere and should not be so confused with any other entity having a similar or like sounding name.
