Offshore account holders wait for the knife to fall, says Raife Neuman, tax planner for Bonner & Partners Family Office. The question is: How sharp it will be?

O.K., so the headline isn’t exactly accurate, but it did catch your eye. And if one David Cay Johnston has his perverse way, it would be a statement of fact. Indeed, Johnston seriously calls for a U.S. declaration of war not only on the Cayman Islands, but also Bermuda and other offshore tax havens. His lengthy radical views are set out in an article (”Fiscal Therapy”) in the Jan-Feb 2009 issue of the left-leaning magazine Mother Jones, known for investigative reporting with a decidedly radical slant.

Austria is justifiably famous for its banking system—particularly for its bank secrecy law, which has the same legal status as the Austrian Constitution. But while Austrians take their financial privacy very seriously, there’s another aspect of Austria that doesn’t get as much attention: residence.

Emergency powers buried deep in the Paulson bailout bill could be hazardous for your retirement plan, according to Larry Grossman. He says investors are running out of time to set up an offshore account to protect their pensions from the desperate government measures of the future.