Many people are not aware of the incredibly dire, impending risks of
holding your assets in the Western world in the immediate future.
Mainstream media will not tell you about much of this. Politicians and
government definitely won’t.
But, this is all factual information, all from government sources, in
fact, with references that paints a very clear, dire picture. The
picture couldn’t really be any clearer once you see this information.
Here is just the top five of literally dozens of reasons why you should be looking to secure your assets now.
1. The International Monetary Fund (IMF) has just recently announced (as outlined here)
that due to government debt levels in developed (read: Western)
countries being at 200 year highs that there will be severe “financial
repression” necessary. What do they define as severe “financial
repression”? They give a number of possibilities including outright
debt default (which will cause a financial system collapse) or an
“inflationary surprise” (hyperinflation, destroying the Western
currencies). In either case, having your assets in a bank or brokerage
account in the West will likely lead to near destruction of your
money/capital.
2. FATCA (Foreign Account Tax Compliance Act). Not
many Americans know anything about this but if you do have money or
assets outside of the US, you already are supposed to file a FBAR (which
essentially means, ‘tell us where your money is’) and a Form 8389
(which essentially means, ‘tell us where your assets are’). Failure to
file is punishable by extreme fines. To make matters worse, if you
don’t have any assets or money outside of the US, FATCA is coming into
effect in July, 2014 and will all but make it nearly impossible to
expatriate your assets (all of this is explained here).
READ MORE
Please share this article
No comments:
Post a Comment