The Global Financial System Is Cracking

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The economic picture definitely looked bleak this past week. We saw some negative reports from both the Empire State and the Philly Fed. We saw a weak Producer Price Index. And then on Friday, the Labor Department reported that job openings dropped in August to 5.37 million, while the quit rate remains below pre-recession levels at 1.9%.

In short, the American jobs market is weakening. We are seeing more and more data points adding up to a softening that will have negative repercussions for not only the U.S., but for countries around the globe.

And that’s just the tip of the iceberg.

That’s why it’s key for you to make plans now to protect yourself. The next round of speakers focuses on the threats we are facing that are just on the horizon and actions you can take now to prepare…

Sun Tzu Understood Asset Protection Planning

“Every battle is won before it is fought.” — Sun Tzu

Mario Heider of Bank Winter in Vienna, Austria, pointed out that the global financial system is facing rising risk with rampant debt growth around the globe. In fact, over the past decade we’ve seen problems plaguing countries postponed and shoved to the side rather than fixed. The best example is the nonstop printing of money by central banks. What has that fixed? Nothing.

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Eventually, all those problems that are saturating the global financial system will no longer be able to be put off. We will have no choice but to deal with them, or face dire consequences. And even then, we might not be able to avoid the consequences.

But proper planning ahead of the potential crisis can leave your assets and even your privacy well-protected, rather than leaving you forced to protect yourself when it’s too late.

Mario gave some interesting background on Bank Winter, one of the largest privately owned merchant banks that focuses on structured finance and investment banking. Bank Winter is fully compliant with U.S. regulations and works with U.S. asset protection lawyers. What’s more, by being in Austria, Bank Winter is not on the radar as much as Switzerland, as the country battles through transparency. Bank Winter offers:

  • Private, company and trust accounts
  • IRA and life insurance accounts
  • Access to global security and currency markets
  • Trading and storage of physical metals
  • Strict banking secrecy provisions
  • Direct personal contract via phone/email
  • Access to a network of asset managers and legal advisers
  • E-banking

Mario concluded with another great Sun Tzu quote:

“The greatest victory is that which requires no battle.”

Protect your assets now with proper planning so you don’t have to fight that fight in a panic.

To see all of Mario’s presentation on the importance of planning ahead now, click here to order your copy of the Total Wealth Symposium Defense Kit.

The Danger of Changing Demographics

Dan Mitchell, Senior Fellow at the Cato Institute, took a look at the health of the global financial system and noted two distinct problems that are causing the looming crisis. We are seeing a significant shift in demographics around the world. Countries almost everywhere are suffering from an aging population, while at the same time experiencing a drop in the birth rate. As a result, we are seeing a shrinking workforce that can’t support the number of older citizens on social programs.

At the same time, we are facing a constantly growing government that demands more and more capital to survive.

We are currently facing a world in which tax avoidance is being viewed as tax evasion. In addition, rich people are being demonized, as are multinational firms. The fact is that higher taxes are not going to end this problem. At the end of the day, the private sector needs to grow faster than the government.

To see the great data that Dan provided during his talk, check out our Total Wealth Symposium Defense Kit.

Retirement Savings Offshore

Did you know that you don’t have to keep your IRA locked in the United States?
Mark Nestmann, President of the Nestmann Group, talked about some of the great opportunities that are available for IRA investing when it is changed to a self-directed IRA and moved offshore. While in the U.S., IRAs are stuck holding only stocks, mutual funds and ETFs, but there is so much more that’s available to you when the IRA is moved offshore.

Offshore IRAs can invest in almost anything, such as:

  • Foreign currencies
  • Foreign securities
  • Oil and gas investments
  • Private stock offerings and private placements
  • Certain metal investments
  • Private lending
  • Real estate

But there are some critical tax traps and limitations to these IRAs that you need to know. Mark provided some key strategies for avoiding these traps, but there were far too many details for me to capture all of it effectively. But you don’t have to miss it! We have Mark’s entire presentation as well as his PowerPoint slides as part of the Total Wealth Symposium Defense Kit.

Do You Have Your Plan?

The one theme that has come up again and again during the Total Wealth Symposium is that the financial health of the world does not look good. Whether it’s the dangerously shifting demographics, the government that continues to grow or the threats to your privacy, the key to surviving the chaos and sleeping at night is to have a plan to protect yourself now.

That’s why we have been recording the presentations of the experts who have taken the stage in The Bahamas. This way you can watch these presentations, see the PowerPoint presentations at your leisure and make effective plans to protect yourself. For a limited time, we will be taking orders for the Total Wealth Symposium Defense Kit so you can have all that information at your fingertips. To order your copy, click here.

I’ve got just a couple more dispatches and then I’m jumping back on a plane for Florida. I will try to cram as much information as I can in those last articles!

Regards from your on-the-ground reporter,
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Jocelynn Smith
Sr. Managing Editor, Sovereign Investor Daily