 |
 |
 |
|
|
|
|
Panama Analysis as an Offshore Tax Haven – February 2010
Private Offshore Panama Bank AccountHow to Get a Non– Freezable Bank AccountPanama Virtual Office for Panama Bank DepositsPanama Real Estate Purchaser Legal RepresentationSecond Passport and Second Citizenship ProgramsWhy Invest In GuatemalaWhy Choose Guatemala?Breakdown of the Swiss Banks Losing ClientsSingapore Caves in to OECD Tax TreatiesGoing Off the US DollarSwiss Banks Release Information on 3000 Clients to FranceOECD 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 CardBad News Regarding Swift System released by the Swiss Banking AuthorityThe OECD and the Tax HavensAnonymous Visa Cards (New May 2009)Asset Protection – Gold, Silver, USD, Euro, Yen, Swiss FrancIs Obama a Muslim?The Farce of the G–20If Obama Really Cared What Would He Be Doing?Obama Not Qualified – New FindingsObama Muslim StampObama and CommunismWill Obama Go For A Wealth TaxObama Scary TruthsObama Kenya Birth Certificate ObtainedObama Hidden Tax IncreaseThe Obama Not Qualified CaseObama Birth Certificate FraudObama Playing Golf with UBS America President Robert WolfUS Federal Workers Pay and Benefits – Caution Will Raise Blood PressureAsset Protection in the USAWhat Will You Do if the FDIC Fails?How Many People Expatriate from the USAFBI Wants ISP’s to Keep Log Files of Web Sites VisitedUN Gun Control TreatyMontana Gun Law Fight ContinuesReasons Why the US Economy is Not Going to RecoverNancy Pelosi gets a 200 Seat JetMichelle Obama Staff – NauseatingSwiss Court Rules UBS Data Turnover IllegalSt. Louis Manufacturing Plant Shooting, 3 Dead, 5 WoundedObama – Patron Saint of the Investment BankerAirport Body ScannersLas Vegas Court ShootoutComing Soon Airline Body Cavity SearchesTaser – New Court Ruling in USAWill the USA Break Up in 2010?Over 275,000 Federal Workers Are Tax DeadbeatsFederal Employees Earning Over $150,000 per YearUSA Bankruptcy Filings up 100% from 2007Brussels Agreement Gives USA Access to All EU Bank Accounts17 Million Americans Have No Bank AccountLawsuit Charges Seychelles Government With Financial PiracyUS Debt Level Hopeless10 States Ready to Go Bankrupt – Bad Implications for USARevolution Threats in USA Getting Serious, Obama a Big FactorUSA Financial Task Force for Mortgage FraudUS Housing Prices Will Continue to Decline Further44,000 USA People Die Each Year Due To No Health InsuranceUSA Census Workers Taking GPS ReadingsColorado Information Analysis Center – Anti-Terrorism Film (Scary)IRS to Open Offices in Panama, China and AustraliaRetail Stores ClosingLeaving America35 Million on Food Stamps According to FDASwiss Bank UBS Sued by 500 Americans45% of US Doctors Consider Quitting If Congress Passes Health Care OverhaulSkype Purchased for $2 BillionThe Historical Value of the Dollar Before and after Federal ReserveAustria Passes Law to Share Tax InfoHomeland Security New Guidelines on Computer SearchesTaxpayers versus Tax Consumers & the FutureThe USA One Year from Now: September 2010FDIC Reserve Fund Shrinking Again, Emergency Fees ImposedSwiss Account Holders Face Numerous Problems Not Just TaxesSwiss Bank UBS Sells Out Clients to USAHalf of US Homes with Mortgages Will Have Negative Equity by 2011Why Civil Unrest and Revolutions are Two Very Different ThingsMontana Shooting Sports Association Rebuttal to ATF LettersRFID Chips in Tires & Roadside MonitorsFed Negates New Gun Rights Laws Passed by Tennessee and MontanaFrance 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 AmericansPrevent Bank Account Hacking - Dec. 2009Translate this page into...
Spanish
French
Italian
German
Portuguese
Dutch
Russian
Japanese
Korean
Chinese
Executive Summary – Friday (12/05/08) the leaders of the Central American nations met for the 33rd Summit of the Central American Integration System. They issued statements in response to the world financial crisis. One of the measures they intend to implement is the start of a new currency. We assume this is to be called the Central American Dollar and will be tied to a basket of other currencies to avoid fluctuations that a single currency is subject to.
The Central American nations are also going to standardize their passport. It is expected that the new passport will have the name of the country and above or below it say “Central America Passport” similar to the way the Mercosur nations do it now. The nations participating were: Belize, El Salvador, Nicaragua, Guatemala, Honduras, Costa Rica, Panama and Dominican Republic participating as an associate member.
Discussion – With a new currency you can expect to see a new money wiring system similar to the SWIFT system. The big difference is that the USA and EU will not be able to view any and all confidential banking transactions going through this new system. Bank secrecy is still a way of life in these nations and if anything the new system will allow for more secrecy and confidentiality. This will also lessen the demand for US dollars.
It appears to this writer that these are not the only countries to be moving in this direction. Russia has dropped some subtle but clear comments about relying on the US dollar. China is also not happy. Venezuela is in the process of starting a new central bank and has the support of several South American nations. So while the USA can go and push Lichtenstein around other nations are moving to get away from the USD and go back to sensible international banking. In the USA one just goes into a bank and shows a drivers license and leaves in 30 minutes with a bank account. In the offshore world this process can take days or weeks.
I expect the process to soon go back to being a 30-minute process as soon as there is no longer a monopolistic grip on the nations to use the wire systems passing wires through the USA or EU. Without having to rely on the USA and EU wire systems there is no penalty to be imposed on nations practicing banking the way they like to. Will the good old numbered bank accounts with no ID return? We will have to wait and see but this author is optimistic.
So while everyone is saying doom and gloom regarding Lichtenstein and Obama shouting anti-tax haven slogans you now know what is in store shortly down the road. And yes you did read correctly Panama was at the conference. Did anyone notice the Russian battleship being allowed to cross the Panama Canal a few days ago? First time a Russian warship crossed the Panama Canal since WWII. The world financial crisis brought on by the USA changed things. Be patient and watch for these changes to emerge.
 |
||||||
|
Call Us Free with Skype:
