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<blockquote data-quote="Deepdiver" data-source="post: 1273444" data-attributes="member: 4603"><p>Clearly, when you are in an SHTF scenario (Very recently Hurricane Maria in Puerto Rico the entire island is without electricity for weeks), Credit and Debit cards do not work and ATMs are as useless as an Air Conditioner when your home has no roof, no running water, and no electricity... Some Cash hidden in multiple non-magnetic waterproof containers with desiccant is always king in a survival situation - you need enough cash to cover your Food, Shelter, Water, Clothing, Ammunition necessities for you and your loved ones for at least 6 months in this scenario.</p><p></p><p>Then double that to buy others stuff they are selling off for 5 cents on the dollar - guns/ammo/tools - trucks etc - stuff that will have real value when the electricity comes back on but they had to barter cheaply just to survive because they had no hidden cash on hand. </p><p></p><p>Read up on IBCs and LLCs - read the Nomad Capitalist web site... the wealthiest guy I know has over $25M in liquid reserves in Offshore British Island IBCs (International Business Corporations) - to sue his IBCs that any phockwad lawyers with their nuisance suits like they do in the USA - the Munts filling suit in these offshore jurisdictions must pay all court and lawyers fees if they lose or the case is thrown out - and they would have to know the IBCs even existed in the first place - he will not even tell me which Banks he uses so I had to buy the Nomad Capitalist's offshore banking guide. </p><p></p><p>This disincentivizes most nuisance suits (Pissed off former banglers or slips and falls on your property or worse Govt Phishing Expeditions) because these expenses can be significant even for the government and unlike the USA where your bloody accounts can be frozen with a flimsy court order in the IBC countries you have to be notified that such an order was issued so you can transfer funds from one IBC to an unknown Entity in another jurisdiction. There is an actual hearing BEFORE funds can be frozen unless the Gov can prove you are ISIS/Al Qaeda or El Chapo etc. </p><p></p><p>My acquaintance has three IBCs two attached to active trading accounts and and a reserve IBC he made over $1.6M USD last year in the side accounts and swept the cash in and out of the IBCs to the third stealth IBC - the IBCs are offshore entities that are not subject to US Corporate Taxes (There are annual IBC fees of about 6% but this is far less than US Corporate Federal Taxes which is why the Offshore Jurisdictions are so protective of their IBC owners - 6% on Trillions GBP goes a long way on Island Time Mahn!). </p><p></p><p>A reason why you rarely see mentally ill homeless drugs addicts in the Islands unlike NYC/LA/SF/Balt/DC etc - they actually have money to keep them in treatment centers or Mental Health hospitals in a civilized manner and any hardcore criminals are transferred to UK Max security institutions off the islands. Which is why the Nomad Capitalist - Andrew Henderson talks up offshore LLCs and IBCs so much in jurisdictions that treat you and your money the best - instead of the USA and EU via OECD <a href="https://en.wikipedia.org/wiki/OECD" target="_blank">https://en.wikipedia.org/wiki/OECD</a> a.k.a. the Confiscatory Taxation Countries that lately love to transfer your wealth via high taxes to illiterate gimmegrants</p><p></p><p>He does have a couple US Based accounts that he trades and pays the US Taxes on to placate his CPA and to have substantial profits to live off of in the USA on after-tax paid cash. The profits he earns annually far exceed inflation and his taxes. So now you know the rest of the story... well almost the rest is secret. Success is Secrecy and Secrecy is Success regarding stealth wealth.</p><p></p><p></p><p>###</p></blockquote><p></p>
[QUOTE="Deepdiver, post: 1273444, member: 4603"] Clearly, when you are in an SHTF scenario (Very recently Hurricane Maria in Puerto Rico the entire island is without electricity for weeks), Credit and Debit cards do not work and ATMs are as useless as an Air Conditioner when your home has no roof, no running water, and no electricity... Some Cash hidden in multiple non-magnetic waterproof containers with desiccant is always king in a survival situation - you need enough cash to cover your Food, Shelter, Water, Clothing, Ammunition necessities for you and your loved ones for at least 6 months in this scenario. Then double that to buy others stuff they are selling off for 5 cents on the dollar - guns/ammo/tools - trucks etc - stuff that will have real value when the electricity comes back on but they had to barter cheaply just to survive because they had no hidden cash on hand. Read up on IBCs and LLCs - read the Nomad Capitalist web site... the wealthiest guy I know has over $25M in liquid reserves in Offshore British Island IBCs (International Business Corporations) - to sue his IBCs that any phockwad lawyers with their nuisance suits like they do in the USA - the Munts filling suit in these offshore jurisdictions must pay all court and lawyers fees if they lose or the case is thrown out - and they would have to know the IBCs even existed in the first place - he will not even tell me which Banks he uses so I had to buy the Nomad Capitalist's offshore banking guide. This disincentivizes most nuisance suits (Pissed off former banglers or slips and falls on your property or worse Govt Phishing Expeditions) because these expenses can be significant even for the government and unlike the USA where your bloody accounts can be frozen with a flimsy court order in the IBC countries you have to be notified that such an order was issued so you can transfer funds from one IBC to an unknown Entity in another jurisdiction. There is an actual hearing BEFORE funds can be frozen unless the Gov can prove you are ISIS/Al Qaeda or El Chapo etc. My acquaintance has three IBCs two attached to active trading accounts and and a reserve IBC he made over $1.6M USD last year in the side accounts and swept the cash in and out of the IBCs to the third stealth IBC - the IBCs are offshore entities that are not subject to US Corporate Taxes (There are annual IBC fees of about 6% but this is far less than US Corporate Federal Taxes which is why the Offshore Jurisdictions are so protective of their IBC owners - 6% on Trillions GBP goes a long way on Island Time Mahn!). A reason why you rarely see mentally ill homeless drugs addicts in the Islands unlike NYC/LA/SF/Balt/DC etc - they actually have money to keep them in treatment centers or Mental Health hospitals in a civilized manner and any hardcore criminals are transferred to UK Max security institutions off the islands. Which is why the Nomad Capitalist - Andrew Henderson talks up offshore LLCs and IBCs so much in jurisdictions that treat you and your money the best - instead of the USA and EU via OECD [URL]https://en.wikipedia.org/wiki/OECD[/URL] a.k.a. the Confiscatory Taxation Countries that lately love to transfer your wealth via high taxes to illiterate gimmegrants He does have a couple US Based accounts that he trades and pays the US Taxes on to placate his CPA and to have substantial profits to live off of in the USA on after-tax paid cash. The profits he earns annually far exceed inflation and his taxes. So now you know the rest of the story... well almost the rest is secret. Success is Secrecy and Secrecy is Success regarding stealth wealth. ### [/QUOTE]
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