Last week, we published an article by Mark Nestmann about the extraordinary powers the US president has at his disposal if he declares a national economic emergency. Mark has now put together a six-point strategy to help you legally protect your assets in this crisis scenario.
The Treasury and Federal Reserve are throwing everything but the kitchen sink to get Wall Street back on track.
But measures so far may pale in comparison to what’s to come.
Mark Nestmann says President Bush just has to declare a “state of national economic emergency” to open up a whole new range of drastic measures.
Past presidents have shut down stock markets, frozen bank accounts, taxed foreign investments and even confiscated gold.
The global millionaire club has ten million members. One in three of them reside in the US. If this includes you, it’s worth knowing your estate will be taxed at 55% from 2011. That’s when President Bush’s tax breaks will expire, barring new legislation.
With an average tax burden consuming more than 40% of GDP, the 27-member European Union already has some of the world’s highest taxes. At the same time, the EU faces a fiscal crisis. Most EU countries have huge unfunded liabilities, especially for pensions. Unless EU economies grow at a much higher rate than they have over the last 20 years, taxes will skyrocket as Europe’s baby boomers retire.
The Sovereign Society specializes in discovering safe tax havens and secure devices in which to protect your assets. Here, The Sovereing Society’s Mark Nesterman explains how best to shield your assets from zealous American judges…
Small online businesses are in for a serious wake-up call in 2011, says Mark Nestmann in The Sovereign Society. This is because it will then become mandatory for all electronic payment systems to report sales data to the IRS. The agency will then be able to check these records against filed tax returns from business owners.
Recently, a reader contacted me about a recommendation I made in Austrian Money Secrets. In my book, I recommended purchasing U.S. gold eagles, rather than other gold bullion coins.