Archive for May, 2008
« Previous EntriesCredit Bureaux and Global Data Leaks
Thursday, May 22nd, 2008Six million Chileans are just the latest victims of a massive data leak, just weeks after all Italian tax returns were posted on the internet. And even the Swiss are not immune to data leaks. This got me thinking about a few other recent events, and those long time foes of mine, the credit bureaux [...]
The Mexican Plan to use Silver as Real Money
Thursday, May 22nd, 2008Some of my clients are already familiar with Hugo Salinas Price, founder of the Pro Plata organization in Mexico. Many of my clients follow Uncle Harry Schultz who has written in the past about Mr Salinas Price.
I recently attended the Q Wealth – Recipes for Success event in Cancun, Mexico, and in casual conversation with [...]
How would Europe, Australia and New Zealand cope with a Big Bank Collapse?
Wednesday, May 14th, 2008How would Europe cope if a big bank collapsed in its midst? How effective is deposit insurance in Europe? Those are questions asked in a recent Economist article, entitled When the Safety Net Fails.
The article raises some interesting points, comparing the fragmented European system to America’s FDIC and to the uninsured systems in Australia and [...]
Tax Freedom Day 2008 coming up!
Tuesday, May 13th, 2008June 2nd is a special date for those UK readers who are in the unfortunate position of being onshore, resident taxpayers. June 2nd is the day you stop working for the government. For 155 days of the year, every penny earned by the average UK resident was taken to support government expenditures.
Tax Freedom Day shows [...]
Panama Bank Secrecy: Legal Theory and Practice
Monday, May 12th, 2008Panama is one of the most popular places for offshore incorporation. Panama has what are known as bearer share corporations and those corporations own a bank account.
What do we mean by bearer shares? The person in actual possession of the shares is considered the actual owner of the corporation and the bank account, creating an [...]