“The Criminalization of Cash – Orwellian Reality”

Last week’s article titled, “The Criminalization of Cash – Orwellian Reality”, generated some interesting feedback. Most of it was supportive, which was to be expected since the majority of my readers subscribe because they agree with the viewpoints represented.

However, one subscriber had a very different perspective. Actually he went so far as to threaten me and then insinuate my promotion of illegal and immoral acts. Below you can read his initial response to the above mentioned article:

“What you seem to be proposing is illegal and is likely to generate an irs audit. Does the irs know what you are up to?”

Maybe you think I took his response the wrong way, but when I did a little homework on the reader (pretty easy to do since his reply included his website), I realized ‘Stan’ is a Federal Tax Attorney. He works with clients that hold offshore assets helping them reach and/or maintain full compliance with the draconian US laws regarding offshore investments, financial accounts, etc.

My response to ‘Stan’ was;

“I’m not really sure how to take this email. I don’t propose anything illegal. Actually I work with a couple of firms like yours where I recommend them to my clients for tax planning for their offshore businesses and assets. However I don’t appreciate your subtle IRS threats – it’s really quite unprofessional. I wonder if your clients are aware of your business practices.”

‘Stan’s’ abbreviated response was;

“…I must say when you talk about two passports, offshore banking, asset protection and data privacy the uneducated reads, “here’s how you can hide your money from the IRS.” …“Two passports”? What purpose would that serve but to hide the fact that someone is an American? Also, criminalizing cash is a ridiculous statement. It is not illegal to use cash, it is only illegal to use cash when it is part of a money laundering scheme, attempt to circumvent the FBAR rules, avoid CTR’s etc…”

My initial thoughts when I read this were, “There are Idiots Among Us”. Upon further reflection and research into ‘Stan’, I realized the reality; he is just a money-grubbing bureaucrat. When trolling around on his website, I found the following statement;

“He began his career in 1970 as a tax law specialist with the IRS Office of the Chief Counsel in Washington, D.C. He was an IRS trial attorney and then a special assistant to the IRS deputy chief counsel, where he helped administer an office with 5,000 counsel and appeals staff.

After 15 years as chief legal counsel for the IRS Sacramento District, ‘Stan’ entered private practice. He is not licensed to practice law in California; his practice focuses exclusively on federal tax law.

Helping offshore investors voluntarily comply with IRS rules is central to the practice — and it’s lucrative. “With clients like this, there’s not an issue of getting paid,” ‘Stan’ said. The IRS is not going after people without money.”

I have several issues with this parasite.

Issue number 1 – He threatened me. Like any other red-blooded testosterone filled male, I don’t take too kindly to being threatened. I’m really not sure why he would even subscribe to my asset protection newsletter unless he is just a spook looking for someone to go after so he can justify his miserable existence.

It goes a bit deeper though. He threatened me because he knows putting knowledge about asset protection, 2nd passports, offshore banking, and offshore companies into the hands of intelligent, productive people like you is dangerous – at least dangerous to him. He is like the engineer who designs with intentional flaws to ensure his job security. This type of person is dangerous to your liberty.

Issue number 2 – Narrowly-focused statist mindset. His comment that having a 2nd passport is either stupid, or just ignorant. Either way, the lack of intelligent thought is dangerous. There are numerous reasons an American would want to have an 2nd passport.

For example;
The wife of one of my best friend’s holds both an American and an Irish passport. Her parents were born there and wanted her to retain their heritage.
A Russian client of mine has a St. Kitts passport. Russians have difficulty getting travel visas and with his business he frequently needs to take short notice trips. This is very difficult with only a Russian passport.
A friend of mine was born in Denmark, but has lived most of his life in the US. He holds both passports. The Danish passport allows him freedom to travel to many South American countries visa-free as well as work, own property, and bank in the EU uninhibited.
An American client of mine is a commercial real estate investor in South America and Europe. His Italian passport allows him much more freedom of travel as well as ability to transact business in the EU.
Honestly the list can go on and on. The list of reasons for wanting a 2nd passport are innumerable. But this parasite of the people believes the only reason you would want one is to defraud the US government and deprive people like him of his wealth.

Issue number 3 – He is stupid and lazy. I have no tolerance for either of those traits. Maybe I’m just not a nice person, but life is short and I prefer to spend time with intelligent and productive people. ‘Stan’ is neither.

He makes the comment, “criminalizing cash is a ridiculous statement.” In this case he is exhibiting stupidity or laziness, or maybe both. The article in question discusses 3 countries that have recently criminalized cash transactions over a certain threshold. It doesn’t take a genius to do a quick Google search and confirm the facts in my article are true.

Italy, Argentina and Spain have all recently made cash transactions over a certain amount illegal. Maybe the US is next. Maybe not. Who knows, but the reality is this guy claims to be an expert on offshore compliance matters and he couldn’t be bothered with the facts. He only wants to refute them.

Lastly, the statement found from his website shows me he is just the money-grubbing bureaucrat I perceived him to be. He clearly states his mission is to go after wealthy offshore investors and charge them fees to get compliant with big brother’s statist agenda. Keep in mind this guy was on big brother’s payroll; now he is one of the anointed ones tasked with bringing your hard-earned dollars back into the coffers of the ruling class.

Just to be clear, I highly recommend that each one of you that have offshore investments, offshore companies, andoffshore trusts comply with all reporting requirements. The penalties for non-compliance are too high and can make your life quite hellish. But ‘Stan’ has devoted his entire life to ensuring the longevity of the empire, and frankly – he disgusts me.

For those of you interested in learning from the world’s top experts in asset protection, 2nd passports, offshore banking, offshore investments, data privacy and more; visit our website, “Global Escape Hatch” to get on the early notification list. This is the official site for our offshore conference in Panama coming this fall – September 19-23.

This event will be like nothing else you have ever experienced. You will have the ability to listen to the world’s top experts on these topics as well as meet them and ask your questions face-to-face in a unique, tropical island setting. Hopefully parasites like ‘Stan’ will be too busy leeching off his wealthy American clients to attend.

I look forward to meeting many of you there.

Contact us today to schedule your free 30 minute asset protection consultation. Until next week, live well.
Bobby Casey
Managing Director


A Little Known US Law Packing a Huge Punch: The US Hire Act and How It Affects US Expat Taxes

By Kimberly Wied

Meant to stimulate growth in the floundering US economy, the HIRE Act will have an important un-advertised effect for US expats living abroad: they will have significant obstacles to opening bank accounts outside of the USA.

Signed into law by President Obama on March 18, 2010, the Hiring Incentives to Restore Employment (HIRE) Act’s stated purpose is to provide incentives and payroll tax breaks for employers to hire and retain unemployed workers, as well as placing reporting burdens to the IRS on foreign banks.

How does the US HIRE Act affect Expats?

Basically, under the HIRE Act, which is due to take effect on January 1,2013, Americans living abroad will face more financial scrutiny than ever before in US history. Although the Act was originally intended to crack down on wealthy Americans evading US taxes through the use of offshore bank accounts, the unintended victims of the Act are the working class US expats merely trying to manage their modest incomes.

A subsection of the HIRE Act includes provisions that will require foreign financial institutions, investment funds, trusts, family offices and other types of investment structures to report information about its US account holders each year. If the financial institution fails to do so, a 30% withholding tax will be applied to all US investments, including any payments they receive from a US payor. This 30% should then be remitted to the IRS as tax. This will apply to any institution that does not sign an international tax agreement with the United States’ IRS to conform to specified reporting standards for their US account holders.

The provisions will also require any individuals with more than $50,000 in foreign assets to report this information on their US tax returns. Failure to comply with this procedure could entail a fine of up to $50,000. The practical effect of the HIRE Act is that foreign banks are increasingly choosing not to do business with US citizens.

What this could mean for expats is:

Some banks may reach the conclusion that dealing with US citizens has become overly cumbersome, and close your account or refuse to allow you to open an account. This could well be true for a financial institution that you may have used for years and built loyalty with; if the price is too high, the bank could kick your account to the curb.
The IRS will soon have a very real system in place to enable it to track down Americans living overseas. If you use a bank in a foreign country, this law will require that bank to report your status to the IRS in America. If your bank (in a foreign country) fails to do so and fails to comply with the HIRE Act, the US will serve up its 30% penalty fee.
If you are an American expat living abroad, now might be the time to get your taxes in order.

Financial experts seem to be in agreement that despite the main intention of this law to open more employment opportunities to US citizens, it will lead to substantial capital flight from the United States within the next year.

Another unintended, negative consequence of the HIRE Act will be to encourage foreign financial institutions and foreign private-sector interests to cease using the US dollar to conduct their business transactions. If some countries do not wish to enter into information-sharing agreements with the United States, then they will likely try to evade this steep fee by looking for business elsewhere.

NY Times: The 45 Places to Go in 2012

35. Samaná Peninsula, Dominican Republic
Unspoiled beaches, but not for long.

For years, the Samaná Peninsula on the northeast coast of the Dominican Republic was one of the Caribbean’s remaining natural holdouts, largely untouched because of its remote location. But an international airport, El Catey, built near the peninsula’s base a few years ago and, more recently, a highway that shortened the drive from Santo Domingo to two hours from five, are bringing new development.

Balcones del Atláantico, a RockResort that opened last May in the village of Las Terrenas, is the newest luxury resort on the peninsula. Its 86 two- and three-bedroom villas start at $500 a night, supplying a cushy base from which to explore ecotourism. The Peninsula House, a plantation-style estate with just six suites from $580 a night, was named a 2011 Grand Award winner by Andrew Harper’s Hideaway Report. And Auberge Resort’s’ Casa Tropicalia , with 44 beachfront suites and an open-air spa on Samaná Bay, is to open in 2014.

There are plenty of off-resort attractions, too. Just last month, Bavaro Runners, an adventure tour operator, opened a new zip-line tour consisting of 20 platforms and 10 zip-lines.

Go now, before the crowds arrive. MICHELLE HIGGINS

*Breaking News* you will NOT hear in the mainstream Media!

Check out this web-page; a free-energy device coming to market this spring. It will be interesting to watch how the global energy cartel tries to squelch it!

*Breaking News* you will NOT hear in the mainstream Media!

*Free Energy is here and it’s real*. Sterling Allen has visited and confirmed a 5 Kw system that will be available March 2012. NO FUEL to continuosly generate 5 Kw! Estimated retail $6000. (click


We have a winter storm here today; a pile of snow was predicted but so far it has been only rain in the city—typical for this year.


we now have a new American school for young children and they want to get bigger and include all ages soon

Mariposa Azul American School
Educando para la Creatividad / Educating for Creativity
Calle Salomé Ureña #8, Las Terrenas, Provincia Samaná
snyder_annette@hotmail.com, 809-496-0245

Welcome/Bievenidos a
Mariposa Azul American School

Dear parents,
Thank you for the opportunity to work with your child. The preschool years are an exciting time of growth and development, and I am honored to share it with you and your child. Our goal here at Mariposa Azul American School is to encourage your child’s creativity, imagination and instill what will hopefully be a life long love of learning, at the same time that they are learning English or Spanish.
Children naturally learn through play, and here at Mariposa Azul we encourage learning through purposeful play. This is facilitated through the use of interest areas, as well as our circle times and group activities. Interest areas include:
• imaginative play and dressing up
• artistic endeavours of many kinds
• experimenting with games and puzzles
• exploring nature
• building with blocks
We’ll also learn through literature, music, movement and games. Children gain a sense of responsibility through carrying for our class pets and plants, as well as helping out with classroom clean-up.
All of these areas engage children in activities that address their socio-emotional, cognitive and physical development; important steps towards maximizing future academic and life success.
Let’s learn together and have fun!

Annette Snyder, MA
Director and Teacher


The Caribbean offers much to retirees, a warmer and sunnier climate, healthy produce and swimming at the beach every day. Some islands have great healthcare and you could even acquire a daily housekeeper for lower cost. Your children would have a holiday home in the sun that you can leave for them as an investment. There are plenty of reasons why you should retire to the Caribbean…..

1. More For Your Money
The economy in the Caribbean is generally going to give you more for your pension. You will have a lower food bill and utility bills are cheaper then in the UK. You won’t have high electricity or gas bills for heating, but the electricity bill may rise slightly in the summer, depending on whether you choose to use the fan more to keep cool.

2. Health Benefits
On some islands, there is an abundance of healthy produce for healthy eating, the air is cleaner as there is less traffic and you won’t be tempted to buy lots of donuts, because they aren’t easy to come by.

3. The Weather
It’s warmer, no more feeling cold to your bones in the winter. The sun shines more and anybody who has suffered from Seasonal Affective Disorder will feel a lot better. If it looks like rain, it usually does rain, unlike Europe, where it can look like rain for days on end, but nothing happens to clear the skies to blue again.

4. Less Pressure
The pressure created by the media can be more easily escaped so that you can live more in your own world if you choose to and concentrate on how many grapefruits or pineapples you have growing in your garden instead of hearing horror stories on the news.

5. Enjoy Yourself
You can spend every weekend on a Caribbean beach if you like, and after 40 years of hard labor, surely that is what you deserve! Enjoy your retirement.

6. Social Life
You can still have your social life with the number of ex-pats in the Caribbean you can find people from your own country if that is your preference, or you can meet a whole host of new people from other places to make for more interesting conversations.

7. Internet Communications
With the help of the internet, you can easily stay in touch with your home country for family, friends and any business or money related activities that you need to attend to. You can also stay on top of the news and even watch your preferred television programes and listen to your favorite radio station. Programs like Skype allow you to SEE your loved ones and them to see you!

8. Family Holidays
If you see your children twice a year, then you could spend 2 weeks with them at their house and then they come to you for two weeks, that can add up to more time than many parents see their children, but it’s all in one go! They’ll have a place to stay in the Caribbean, and then you can always leave it for them for the future as an investment and/or holiday home.

Big Dan’s Polar Bar – Donde Siempre es Invierno!!!
Serving Breakfast, Lunch, Dinner, and as always
Las Terrenas, Samana, Dominican Republic

1. Las Terrenas, Samana gets new aqueduct

1. Samana gets new aqueduct
President Leonel Fernandez was in Samana yesterday to formally inaugurate the Samana aqueduct. The areas of Las Terrenas, Carolina, Abra Grande, Atravesado, El Buen Pan, El Coson, La Bonita, La Ceiba and La Barbacoa in the northeastern province of Samana are benefitting from the new water supply. During the ceremony, President Leonel Fernandez opened the valves of the newly constructed aqueduct serving the Samana peninsula. The director of the National Institute for Potable Water (INAPA) Mariano German said that the Coson River is the main source of the water for the aqueduct. He said the new intake system, pumping station, water treatment plant and laboratories cost RD$858 million and provide 260 liters a second to the communities served. The aqueduct has its own electricity generator to insure continued water supplies.