Its subject line was "Who poisoned Europe's produce?" My instant, visceral reaction was "Oh no, and thank God, they've found the European governments were 'planting' E. coli around the 'back to nature'-style farm where the bad cucumbers came from. That would certainly be how the authorities trigger useful crises here in the Untied States! But genetic engineering is indeed the main focus (at least of the first 20 minutes or so that I saw) and it's a timely subject too.
There is a current hysteria in Europe over the
contamination of fresh produce by a particularly
virulent - and never before seen - variety of
e coli.
There's reason to believe this organism is from
a man-made source.
Here's the science in preparation for a more
detailed report to come tomorrow.
Video:
http://www.brasschecktv.com/page/1129.html
- Brasscheck
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...........As I said, it's been a lively month so far in the de facto e-group centered on John Cobin's Chile missives. Today a message came in from an expat advisory service, Q Bytes, that I sent the gang in an attempt to lighten things up -- repeated below.
The serious side behind any humor about it is the changing dynamics of world economic and political power. Let me know what you think.
Obviously we're not endorsing any aspect of this organization's advice, but thought we'd throw it in.
/\/.\/\/.
OFFSHORE BANKING IN A GOLD PRODUCING NATION
In this newsletter:
... CONSIDER THIS GOLD PRODUCER AS AN OFFSHORE BANKING HAVEN
... IMPORTANT CORRECTION FOR 'WATCHERS' BY ESSI TOLLING
CONSIDER THIS GOLD PRODUCER AS AN OFFSHORE BANKING HAVEN
One of the questions we often receive from readers is “What country does not have a tax treaty with Country X?”
In other words, many people have been rather freaked out by recent developments such as Swiss and Panamanian information exchange agreements with the US and the UK. They are naturally looking to more low-profile banking centres that have still not signed any information exchange treaties with major countries.
My standard response is that, while there are some of these countries (Andorra, for example, has not signed up to any information exchange with the US or the UK and doesn't show any sign of doing so in the short term), jumping from bank to bank, jurisdiction to jurisdiction as rules change is becoming an ever more hopeless task. Yes, you can move once or twice - but the trend is definitely away from secrecy. Each time you change bank, you also put your privacy at risk. It's much better to adapt your strategy and live within the system, while choosing a bank that has its wits about it and values its international clientele.
The news is not all bad. There are still lots of ways to keep your affairs under the radar within the system. Most people I talk to these days, while they are committed to the idea of privacy as a fundamental principle, are much more concerned about asset protection and diversifying their investments. These are the themes we cover in The Q Wealth Report members' area. Tax evasion, as I've often stated, is not a good reason to go offshore today.
There's one country I know of, however, that is really off the radar when it comes to offshore banking. You can open multi-currency accounts here, and get full internet banking. US citizens are very welcome. And everything can be set up by mail, with no need to travel.
This country, I should warn you, is in Africa. Some people lose interest right there, but I think that is a mistake. This is actually an important gold producing nation, so not surprisingly, it's doing well at the moment. If you think gold will keep going up in dollar terms (I do) then this country will continue to prosper. The bank I recommend there, to consulting clients, is actually based in Europe and owns a gold refinery.
The country I'm talking about is Tanzania. Here are some of the reasons I like it as a private banking haven:
- The Chinese and Indians certainly have no hesitations about Africa and have been pouring billions in here. It's a matter of following the smart money.
- Since 2000, production of gold on an industrial scale has increased, especially from the Geita (AngloGold/Ashanti) and Bulyanhulu (Barrick) mines. The future of Tanzania looks bright.
- The Tanzanian government recently abolished a number of taxes, including Capital Gains Tax. And passed a new mining act. There is absolutely no tax on bank accounts held by non-resident individuals or companies.
- Double taxation treaties have been signed with Canada, Denmark, Finland, India, Italy, United Kingdom, Norway, Sweden, and Zambia. Tanzania is also in the process of negotiating treaties with other countries including Belgium, Burundi, Iran, Lebanon, Malaysia, Mauritius, Pakistan, Rwanda.
- The Tanzanian Central Bank was heavily criticized for excessively restrictive precautionary banking regulations during the last decade. The result is that the Tanzanian banking sector is strong and healthy today.
A typical structure I might recommend to consulting clients, depending on their circumstances of course, would be a Nevis LLC with a bank account in Tanzania. As I said, that can easily be set up within a few weeks, with no need to leave home. The bank account can also be used as a platform for buying and selling stocks and investments internationally, though it should not be compared to an online brokerage account. Members who would like to find out more are welcome to contact the Q Wealth office for a referral to my firm.
CORRECTION ON LINK
We accidentally omitted a link that should have appeared in last week's Q Bytes when we talked about Watchers, the new PT-oriented blockbuster by Essi Tolling. It can be ordered from Amazon in both the US and the UK, so go on the Amazon site that is closest to you in order to place your order.
For UK Amazon orders: Watchers by Essi Tolling
For US Amazon orders: Secrets of the Ancient Keys
Apologies for any confusion. If you're one of our community, you'll enjoy this book. If you haven't already read it, I recommend you order a copy immediately!
Peter Macfarlane
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