358 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS

http://americankabuki.blogspot.pt/p/131-resignations-from-world-banks.html#endoflist

FINAL UPDATE 3/15/12, This is the last update on banker resignations for a while. I’ve made my point. I’m in danger of giving myself carpal-tunnel syndrome with all the clicking and pasting. I may make another post at the end of the 2nd quarter and I will pull that data from the Edgar database at the SEC. It won’t have much of the UK data – but its a far more efficeint way to get this data. I didn’t know it existed when I started. I learned all kinds of things about banking I never knew before! Perhaps there is an online database for the UK somewhere too. I may post some statistical analysis and graphs on this existing data. If you want to copy this data and use to continue this research, feel free to do so as long as you say a portion of it came from American Kabuki and promise to share the results with this blog so we can share it with the world.

Love and Peace,
American Kabuki

Continue here: http://americankabuki.blogspot.pt/p/131-resignations-from-world-banks.html#endoflist

———-

thanks to rev 17 for the link..

the rats are jumping ship in a big way..amazing collection of figures..

401

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~ by seeker401 on March 24, 2012.

14 Responses to “358 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS”

  1. Whatever is coming has had an impact on a man whose advice I have learned to trust for four years …

    March 22, 2012, at 10:43 am
    by Jim Sinclair in the category In The News | Print This Post | Email This Post
    Dear CIGAs,

    According to Dean Harry Schultz, the way to live your life involves the following:

    – Money in one country
    – Citizenship in a different country
    – Body in another country where neither your citizenship nor money resides.

    I have resisted this sage advice from Harry for many years knowing that the day might come when his genius proves true.

    That day has come.

    Seriously consider this advice.

    Respectfully,
    Jim

    • What’s the reasoning behind that?

      • Perpetual traveler
        From Wikipedia, the free encyclopedia
        The term perpetual traveller (PT, permanent tourist or prior taxpayer) refers to both a lifestyle and a philosophy.
        Contents
        • 1 Background
        • 2 Rationale
        o 2.1 Five Flag Theory
        o 2.2 Three Flag Theory
        • 3 Philosophy
        • 4 See also
        • 5 References
        • 6 External links

        Background
        In practical terms, perpetual travellers (PTs) are people who live in such a way that they are not considered a legal resident of any of the countries in which they spend time.
        By lacking a legal permanent residence status, they seek to avoid the legal obligations which may accompany residency, such as income and asset taxes, social security contributions, jury duty and military service.
        For example, while PTs may hold citizenship in one or more countries that impose taxes based solely on residency, their legal residence will most likely be in a tax haven. PTs may spend the majority of their time in other countries, never staying long enough to be considered a resident.
        Rationale
        Some PTs are wealthy individuals whose primary motivation is tax avoidance. It is possible for a non-national to live for several months, and in some cases even own property, in many countries without becoming a legal tax resident and therefore eliminating paying income tax.
        For example, most European countries allow tourists to spend up to three months (and in some cases six months) in the country without being considered a resident or being required to file a local tax return.
        Similarly, it is possible to spend up to 122 days each year in the United States without being considered a resident—or being required to file a US tax return. This workaround is applicable only for non-US citizens who are not permanent residents and earn no income in the United States.
        In general PTs can, by moving between countries on a regular basis, be able to legally reduce or eliminate their tax burden. Other PTs may adopt this lifestyle for self-ownership reasons, seeking to be free from government authority, interference and “The System”.
        Besides the aforementioned economic reasons, some people become PTs from philosophical or existential reasons, feeling unable and/or unwilling to commit to residency.
        Five Flag Theory
        Perpetual travellers may attempt to organize their affairs around the “Five Flags” theory,[1][2][3] arranging for different facets of their lives to fall under the jurisdiction of separate countries or flags. This is W.G. Hill’s[1][4] own “2 flag” extension of investment advisor Harry Schultz’s[1] original “Three Flags” approach.
        Whether to minimize governmental interference (via taxes or otherwise), or to maximize privacy, the theory proposes that you arrange for each of the following to be in a separate country:
        1. Passport and Citizenship – in a country that does not tax money earned outside the country or control actions.
        2. Legal Residence – in a tax haven.
        3. Business Base – where you earn your money, ideally somewhere with low Corporate tax rates.
        4. Asset Haven – where you keep your money, ideally somewhere with low taxation of savings interest and capital gains.
        5. Playgrounds – where you spend your money, ideally somewhere with low consumption tax and VAT.
        Three Flag Theory
        The general basis of the Three Flag Theory is:
        1. Have your citizenship somewhere that does not tax income earned outside the country.
        2. Have your businesses and speculations in stable, low or no tax countries.
        3. Live as a tourist in countries where what you do for a living is valued, not outlawed.
        Philosophy
        On the surface, perpetual travelers have some things in common with world citizens, in that they see themselves as untethered to any one nation. Many PTs align themselves closely with the libertarian or anarchist schools of thought, which advocate individual sovereignty – sovereignty vested in the individual rather than in nation states
        http://en.wikipedia.org/wiki/Perpetual_traveler

        PERMANENT TOURIST:
        A critique of the ‘PT’ Theory of Harry Schultz, Dr W.G. Hill and Bye Bye Big Brother
        http://www.qwealthreport.com/permanent_tourist.php

      • ahh the perpetual traveller..thanks for the explanation

        In practical terms, perpetual travellers (PTs) are people who live in such a way that they are not considered a legal resident of any of the countries in which they spend time.
        By lacking a legal permanent residence status, they seek to avoid the legal obligations which may accompany residency, such as income and asset taxes, social security contributions, jury duty and military service.
        For example, while PTs may hold citizenship in one or more countries that impose taxes based solely on residency, their legal residence will most likely be in a tax haven. PTs may spend the majority of their time in other countries, never staying long enough to be considered a resident.

      • It seems we have two types of perpetual travelers, those with money seeking to avoid the tax man and those without jobs … perpetually searching.

  2. [...] 358 Resignations From World Banks, Investment Houses, Money Funds (seeker401.wordpress.com) [...]

  3. theres probably 350 investment houses in sydney….

  4. This may be why … “ That day has come”

    The Supremacy Of The US Dollar Is Behind Us
    March 25, 2012, at 11:23 pm
    by Jim Sinclair in the category General Editorial | Print This Post | Email This Post
    Dear CIGAs,
    Brazil, Russia, India China and South Africa are meeting next week because of the use of SWIFT as a weapon of war. Expect the formation of a competitive SWIFT system in three blocks. The dollar will test .7200 USDX and fail on the third tap.
    There will be an audio interview on this development with Erik King of King World News tomorrow morning.
    I have been doubted on many things, much of which has come to fruition. There was a time when $1650 in gold was considered the ludicrous dream of a madman.
    2012 is the year that the US dollar will suffer from a significant drop in utilization as the international settlement currency. The utilization of the SWIFT system as a means of making war is the singular greatest mistake dollar managers have ever made.
    Phil, that might have seemed logical to you, but you fail to focus on the consequences now in motion soon to isolate the dollar in a three currency block (Yuan/Euro/Dollar) losing at least 1/2 of its previous strength from the international settlement mechanism provided. It is too late now to rethink the use of the SWIFT system as a weapon of war. The cat is out of the bag and the damage is done.
    As a product of acceleration of this process, the US dollar will test .7200 on the outdated USDX. The test will fail on the third tap.
    Brics’ move to unseat US dollar as trade currency
    2012-03-25 10:00
    Thandeka Gqubule and Andile Ntingi
    South Africa will this week take some initial steps to unseat the US dollar as the preferred worldwide currency for trade and investment in emerging economies.
    Thus, the nation is expected to become party to endorsing the Chinese currency, the renminbi, as the currency of trade in emerging markets.
    This means getting a renminbi-denominated bank account, in addition to a dollar account, could be an advantage for African businesses that seek to do business in the emerging markets.
    The move is set to challenge the supremacy of the US dollar. This, experts say, is the latest salvo in the greatest worldwide currency war since the 1930s.
    In the 30s, several nations competitively devalued their currencies to give their domestic economies an advantage over others.
    And this led to a worldwide decline in overall trade volumes at the time.
    The north will be pitted against the entire south in a historic competitive currency battle – whose terrain has moved to the Indian capital New Dehli – where the Brics (Brazil, Russia, India China and South Africa) nations will assemble next week.
    China seeks to find new markets for its currency and to lobby to internationalise it throughout the Brics states.
    More…
    http://www.jsmineset.com/

  5. Dear Jim,

    What would you advise to protect assets and liberty for your “30-something” readership with $250-500K in physical metals and $100-200K in other assets? Folks not in a position to buy a hobby farm nor of sufficient assets to expatriate comfortably?

    Is it advisable to seek a 2nd passport?

    Is it advisable to transfer [50%] of assets abroad and hold a strong physical metal position in a country like Singapore?

    Is it advisable to hold a standing travel visa with an English speaking Asian country or a country such as Australia?

    Is it still your opinion that East Africa will be the safest place on earth?

    My living situation is a large urban area with income ($200K/yr) dependent on salaried employment. We have acted to upgrade our home security to 3% of value. We have 6 months of operating cash and preferred foods.

    Beyond this, my wife is from Asia with affluent, tight-nit family and close friends in professional occupations residing there (ie bank managers, business owners). We have our first child due this year.

    CIGA Anonymous

    Dear CIGA Anonymous,

    My recommendations to you are as follows:

    If possible, by a cheap hobby farm on credit.

    Regarding a 2nd passport, that is a personal decision I cannot opine on.

    If you transfer your strong metal position to a place like Singapore, do you really think the Chinese will not take it?

    It is advisable to hold a standing travel visa with an English speaking Asian country, or Australia.

    For me and mine, plus my extended family, East Africa is still the safest place on Earth.

    Regards,
    Jim

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