Bob E. Bauman is a former member of the U.S. House of Representatives from Maryland and the author of several books on offshore financial topics. Mr. Bauman serves as legal counsel to The Sovereign Society, an international group of citizens concerned with government encroachment on financial freedom.
If you are looking to retire, relocate abroad, or move some assets offshore, Panama the place to go says Bob Bauman. The country uses the US dollar and its banks are well positioned to survive the global credit crisis. Better still, there is no Federal Reserve or central bank to interfere in the markets…
Even the Swiss are joining in the bank bailout game. The two biggest banks, UBS (NYSE:UBS) and Credit Suisse (NYSE:CS), have taken dramatic steps to offload toxic debt and raise working capital. But Bob Bauman says investors shouldn’t worry about the country’s banking system. It is still the place to safeguard your assets from the financial meltdown.
The name of the US Department of Homeland Security has always rankled former Congressman Bob Bauman. He says it sounds like something Josef Goebbels would have dreamed up. More worrisome, however, is the provision that came into law two years ago that gives the president the power to deploy US armed forces for domestic duty within the US…
I came into the world in the middle of the Great Depression. My late father was an accomplished musician, so he was lucky enough to work three part-time jobs to keep his family together through the worst of it.
Bob Bauman, a former congressman and current legal counsel to The Sovereign Society, says investors should look to protect their assets with offshore banking. Bob reckons a major financial storm is brewing in the US. Public deficits and debt are growing rapidly, and more banks are likely to go under before the year is up. Offshore banking offers more privacy, fewer taxes and regulations, and the chance to diversify risk.
Two months ago, a U.S. District Court judge in Miami, Florida, authorized the U.S. Internal Revenue Service to go after information from Switzerland’s largest bank, UBS (NYSE:UBS). The Sovereign Society’s Bob Bauman says that, alhtough UBS may have hung its clients out to dry, the Swiss government is still prepared to stand up to U.S. lawmakers to protect private banks’ clients…
The Sovereign Society’s legal expert Bob Bauman says claims that U.S. corporations do not pay any tax are overblown and misleading. Many are not paying taxes in a certain year because they had no taxable profits in that year. And with one of the higest corporate tax rates in the industrialised world, it should be expected that companies are moving their business operations offshore. More from Bob…
The tiny Principality of Liechtenstein may not have Switzerland’s prestige, but its strict bank secrecy laws have made it one of the best places to conduct offshore financial activity. Bob Bauman in The Sovereign Society says Liechtenstien’s proposals to clamp down on tax evasion will not dramatically affect the appeal of this tax haven. Limited co-operation with foreign governments may increase, but an upcoming election will preclude any broad opening of the banking system.
Sovereign Society members and readers often ask me if there’s any U.S. law that forces them to report their gold, silver or other precious metals to the U.S. government - especially if they hold those precious metals in foreign accounts or safety deposit boxes.