26 FFSHORE PRIVACY

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Simply put, unless you go offshore, you have no privacy—at least

not in America. By taking your money and investments offshore,

you immediately gain considerable privacy. And, you are then

outside your own country’s jurisdiction, making it very difficult for

the government to get information or your assets. The next action that

you may choose to take is to physically leave, avoiding the potential of

future forced travel restrictions or a court’s ability to conveniently

serve you. Any assets within the United States, regardless of ownership

claim, are potentially subject to attachment or forfeiture.

As for asset protection, the same applies. In most foreign countries,

frivolous lawsuits are not going to fly, especially on a contingency

basis. If some folks want to pursue you internationally, either

personally or in business matters, they will have to put up their

money, retain local legal counsel, and go through the machinations of

due process in a foreign country. And then, they are likely to discover

that they cannot succeed. They would have to have a real financial motive

to continue their pursuit, and when their new foreign lawyer gives

them his opinion, they may quit immediately. The offshore structure

being attacked will be a deterrent. Litigation-happy hunters may discover

the hard way what chances they don’t have of winning a lawsuit,

thanks to the hunted thinking ahead and realizing that a good offshore

structure would be smart and arranging it long before being

pursued. This gave the hunted, and the hunted’s assets, a great deal of

privacy.

Most discussion regarding offshore includes the topic of privacy.

This has everything to do with personal sovereignty—your right to

keep your affairs to yourself, and others out of them, especially your

own government. This is why there has been so much pressure to destroy

it. Privacy contributes to giving individuals sovereign power

over their lives. The more power each individual possesses, the less

power their government has to wield over them. Privacy has been the

cornerstone of Switzerland’s banking success since the nineteenth

century. Why? Because it has afforded their banking customers the financial

privacy they seek from outside intrusion, specifically, the

Swiss government and nosey neighbors. Only truly free people have

true personal privacy.