Current Shamrock Missive

From the Publisher's Desk
September 2010

"The Subprime Crisis will not affect the economy overall."
- US Federal Reserve Chairman Ben Bernanke, June 20th, 2007


Are you being left behind?

Happy Days are here again...

In spite of the hundreds of billions in bail out money, new legislation, including the latest banking bill to save us from
ourselves [see - "Law Remakes U.S. Financial Landscape",] plus all the government hyperbole and brouhaha about the economy coming back, things ain' t what the used to be.

US residents continue to suffer huge unemployment levels, never before seen home foreclosures and face a likely double dip recession/depression.

The dollar has taken a nose dive as I write these words. In my opinion, the long term outlook for the dollar, and the
pound sterling, is still down, down, down. One way government is going to deal with their bloated deficits and over spending for decades, is to print more money, which means - inflation and your money to continue to be devalued.

Remember the US dollar has lost 40 percent of it's value during the last decade alone. Since the start of the US income tax, it has lost 98% of its value!

However those who have been astute about their financial matters and moved a good portion of the capital offshore in a multi-currency offshore bank account have availed themselves to opportunities that 99% of the American public are by law, NOT allowed to partake within the US banking system.

Hope springs eternal! It's never too late to get started, but time is of the essence. Most Americans have been brainwashed into thinking that it's against the law to have an offshore bank account, and or offshore banking is for millionaires only.

Not true on both accounts. As of this writing there is no law that forbids Americans from having money and a bank account outside the USA. There is, however, a law that requires Americans and US residents to report such offshore bank accounts if you have more than ten thousands US dollars or the equivalent in your offshore accounts
in aggregate.

Further, and perhaps more important, for as little as US$750 as your opening bank deposit, [plus setup fees,] you can have an offshore company and a multi-currency company bank with an ATM card and excellent Internet banking. In addition to your multi currency accounts, this bank allows one to buy and sell stocks, bonds, gold,
silver and also offers one the opportunity to invest in special IPO offerings this world renown bank offers from time to time.

Since we moved our former company bank account from Switzerland to Hong Kong last year, we can't recommend the bank we're using more. This world renown bank is the best bank we've used in forty four years in business bar none, and we've bank with all the so-called best we might add!

Whatever you do or don't do, you really need to take a good hard look at how things are brewing in your neck of the woods, then get off your duff and do something positive to protect yourself and your loved ones. Having this setup in Hong Kong might not solve all your financial problems, but it can protect you and your assets for the future.

[Editor's note: Full details can be obtained simply by emailing us and placing "HK" as your subject heading."]

See you next issue

Shamrock

"The people never give up their liberties but under some delusion."
- Edmund Burke, 1784

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