9 votes

Doug Casey explains how to protect your money from the US government 11/6/13


“You’ve got to diversify your political risk. If you have your bank account in a US bank, it’s eligible to being seized by any number of government agencies, to being seized by a frivolous lawsuit. So, for your own benefit…if you have your liquid assets in a different political jurisdiction, you’re insulating yourself from a lot of other risks. So I think it’s critical that every American that can should have a foreign bank account, not to evade taxes or evade creditors, but simply for self protection.”

Mr. Casey went on to explain that capital controls are almost a foregone conclusion in the near future for America. “Governments rarely ever control themselves but they do like to control their subjects.”

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Casey is another good source

Casey is another good source that should get a lot more "ink" here on the Daily PAUL.