The question is where the funds would be safe...hard to find a safe location (I mean safe from economic/currency risks and which would be insured).
You would still be required to report such accounts if they held over $10k, but they could not force you to get rid of them. If you had one that let you use an ATM card in the US, that could come in handy. Absent proof of some crime and a court judgment it would be unusual for a foreign country to freeze the account just because your political views are unpopular. But choose carefully - consider both the country and the currency you have in that bank.
www.breitbart.com
There's real war on off-shores right now. Hard to open a bank account anywhere if you're not a legal resident, and even harder for American as foreign banks often don't want to deal with Americans anymore s (even as local residents) after FATCA imposed burdens.
www.rooshvforum.com
As an American it's not really an option. You can open some offshore accounts, but The IRS will likely know about them immediately. You will find The US is on most offshore banks instant reject list, along with North Korea and Iran. Offshore is coming to an end via globalist controls, see this:
Offshore Incorporation & Banking Datasheet
Good thread. Ironically, I've been thinking about setting up an LLC in Florida - works great for non-US citizens
And that thread in general.
For US citizens offshoring will require elaborate setup and constant attention from a professional. I would stay away.
As a US citizen your choice would be getting into crypto.
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On another note, my business audience is 50%+ from The US and mostly Western. I have wanted to change this for some time as I don't see it as particularly wise. So I have slowly been working towards having a global audience. The global audience is generally worth less, but it is a redundancy.
I have repackaged my offering for Russia and within a month am making enough to live on the outskirts of Moscow. I will be prioritising upscaling to other countries.
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On the general theme of the thread, after having some time to process recent events, I believe we need to hold in, dig deep and prepare for decades of onslaught. The mainstream system doesn't work. The model is stuff young people into cities and have them forego family, property ownership, a pension, savings etc. for a grubby, soy-based existence. We need to stay out of this system and their other systems, have children and wait until this system has destroyed itself.
You'd need a local address as a minimum, and be able to prove it, such as show utility bills or a statement with this address. Right now no one is opening accounts without local physical presence/address, and especially to Americans.
Americans are legally required to report all their accounts outside the US on an annual basis and failure to do so can result in draconian penalties.
Right, as soon as the total/sum of all accounts exceeds 10K.
Nope. You don´t need a physical adress. Everything can be done online. Your adress in US is enough. Proof of income might be required. But it will depend on who recommended you to the bank. Since you can say you live off assets. What you might need is a local tax number. Depending on the bank. Banks are groceries stores that sell money. Don´t give them more credit than they are worth. They´re whores.
All people I know who moved to Europe could not open an account (recent years, it used to be very different years ago) without physical visit and showing a proof of address, and often it was hard even being there with an address, until they got residency permit or long term visa. And these are not even Americans, for Americans it's FATCA that makes banks not want to deal with them.
