Antigua – Passports, Residency, Blockchain Incorporation

The following article is a guest post from Edmund John of which talks about his visit to NTL immigration conference in Antigua.


St. John’s (Antigua and Barbuda) – Mega-yachts, VC Bird, passports, offshore banking, peace of mind, anonymity, 365 beaches for 365 days in the year – welcome to Antigua.




VC Bird is an impressive airport – ultra-modern and constructed just a few years ago directly next to the old airport, you get the immediate sense that the island wants to cater to wealth. Driving around Antigua, which has a population of about 90,000, you’ll notice the topography is impressive, and anything but boring. Open fields, hilly and rocky peaks, and the pristine blue ocean will capture your senses, and the place feels much bigger than it is.




The people are what make the island truly great. Showing up in the afternoon without a place to spend the night and finding several hotels booked out, I decided to stop for some lunch. Exhausted from a 7am flight from New York City, and still jet-lagged from my travel from Asia, I asked my waitress if she could suggest a hotel, and she took me around for nearly an hour before we found a nice apartment rented by a local man.


What brought me here was the NTL immigration conference – where the team put together an amazing program where we toured property, met with local lawyers and relevant government officials and where I delivered a presentation entitled Governments as Entrepreneurs.


Most of Antigua and Barbuda’s economy is reliant on tourism, and the country is a major yachting destination in the Caribbean. In recent years, however, the country has pioneered a new citizenship-by-investment program that is now being heavily marketed to people from countries around the world. This program, which was introduced in 2013, is aimed at attracting investors to make a significant economic contribution to the country, which will be channeled into national development. In return, investors will be given citizenship and a passport, which grants them visa-free travel to over 130 countries, with a minimal residency requirement.


While in Antigua, I toured Nonsuch Bay, an investment property that was superb. The quality of the land, the project and the construction was far superior to many developments I’ve toured internationally.When looking at a development, the first thing to do is to look at the developer’s track record, which can often clue you in on whether it is working on the project for the long haul, or just trying to make a quick buck (as is the case sometimes).


Specifically within the citizenship-by-immigration business, you should check the developer’s finance record, which can indicate whether the project it is undertaking is something that it can capitalize itself and not cut corners, or whether it is looking to pre-sell units to pay for the operation. Other positive signs include: multiple projects under its belt; and an actual hotel business in operation, one that’s not just a development for the purpose of selling timeshare and relying on hefty management fees.


What to look out for when buying citizenship-by-investment property:

    • Self-financing by the developer
    • Timeshare vs. freehold property
    • Potential for ROI
    • Reasonable expectation of rent
    • Management fees

Nonsuch Bay really focused on attention to detail. It is a resort that also sells individual units that qualify for the citizenship-by-investment program.


Projects such as Nonsuch Bay are primarily capital preservation projects, and the investor will receive a passport and yearly dividends, and will be able to resell the property after five years. They are also allowed to stay in the unit for several weeks. (They can, of course, can live in the unit all year, but they won’t receive a dividend from the hotel rental.)


Antigua and Barbuda’s citizenship-by-investment program has a few eligibility restrictions, but these seem to be slipping away, and the scheme now is open even to citizens of Iran and Iraq, as well as most other countries in the world.


Citizenship is offered for a preliminary period of five years, after which if you have proven that you have committed no criminal offense, you will become a full citizen, with all benefits granted to you. During the initial five years, you are allowed to add other dependents or a spouse to your application. After the preliminary period, you will have to add them through a normal legal process. The difference between the two is that if you add your children during the preliminary period through the Citizenship by Investment Unit (CIU), you’ll need to pay the fees again.


Benefits of Antigua and Barbuda Citizenship

    • Citizenship is in a British Commonwealth country
    • Dual citizenship is recognized, so new citizens will not have to give up their current citizenship
    • Visa-free access to 131 countries, including the United Kingdom, Canada and Hong Kong
    • Antigua and Barbuda has a generous tax regime, with no taxation on wealth, inheritance, foreign income or capital gains
    • Offshore bank accounts, investments and companies give unique opportunities for business and tax planning

Options For Investment


Investors must choose one of the following three investment options:

    1. A) An investment of at least US$400,000 in an approved real estate project, to be held for a minimum of five years; OR
    1. B) An investment of at least US$1,500,000 directly into an eligible business, or an investment of US$5,000,000 split between multiple investors, with a minimum investment of US$400,000 per person; OR
    1. C) A non-refundable contribution of at least US$200,000 to the country’s National Development Fund.

There are talks that the government might remove the third option.


Real Estate Options


The following real estate development projects have been approved by the Antigua and Barbuda government, and will qualify investors for citizenship:

    1. South Point, Falmouth Harbour, St. Paul’s, Antigua
    1. Nonsuch Bay Resort and Residences, Hughes Point, St. Phillip’s, Antigua
    1. Tamarind Hills, Fryes Beach, St. Mary’s, Antigua
    1. Pearns Point Marina Residences, Jolly Harbour, St. Mary’s, Antigua

Key Questions


Q: Is there global taxation in Antigua and Barbuda?


A: Antigua and Barbuda does not tax its citizens on a global basis. You will not be taxed on global income or on money derived from active business, employment or investment outside the country.


Q: How many days do I need to spend in Antigua and Barbuda to be considered a tax resident?


A: You will need to spend 183 days in a calendar year to be a tax resident of Antigua and Barbuda. However, you should look into whether Antigua has a tax treaty with your country of origin when determining if this tax residency would be valuable. You can check out Antigua’s tax treaties here.


Q: Which countries can I travel to visa-free with an Antiguan passport?


A: An Antiguan passport grants its holders visa-free access to a total of 131 countries, including the UK, Canada, Hong Kong and countries in the European Union. Visas to the United States may be easily obtained upon application.


Q: Can I renounce my Antiguan citizenship if I choose to later?


A: Yes, you can renounce.


Q: Are there other options to becoming an Antiguan citizen?


A: If you are married to an Antiguan national, you can get citizenship after three years of residency.


Q: Is there an official website for this citizenship-by-investment program?




Qualifying Criteria


To qualify for the citizenship-by-investment program, applicants must meet the following criteria:

    • The principal applicant must be at least 18 years old.
    • Dependent children must be (1) under age 18 and unmarried; or (2) full-time students aged between 18 and 25 who are dependent on their parents; or (3) over age 18, and living with and fully supported by the applicant, due to physical or mental disability
    • Dependent parents or grandparents must be over age 65, living with and financially dependent on the principal applicant

There is no minimum net worth required, no education requirement, no maximum age restriction, no business experience needed, and no interview will be conducted for your application.




Program exemptions are currently under review by the government. Until further notice, it is recommended that citizens of the following countries do not apply for the citizenship-by-investment program:

    • Afghanistan
    • North Korea

Application Process


The application process can be completed in as little as five to six months. Flag Theory works directly with the best lawyer in Antigua who also charges the lowest fees to help our clients with their application.

    1. The immigration consultant submits the complete citizenship application including medical reports, supporting documents, and signed forms.
    1. Flag Theory reviews the application for accuracy and completeness to ensure fast government processing.
    1. The applicant transfers the complete investment amount and fees to the designated escrow account (see included banking instructions).
    1. After reviewing the application, Flag Theory submits it to the government of Antigua and Barbuda.
    1. The government reviews each application and conducts a due diligence check.
    1. Each approved applicant is issued a Certificate of Registration/Naturalization, which completes the citizenship process.
    1. A passport application is submitted to the Immigration Department, and passports are issued and couriered to the applicant.
    1. To complete his residency requirement, client takes an Oath of Affirmation/Allegiance when he arrives in Antigua and Barbuda, or at an Antiguan Embassy, High Commission, or Consular Office abroad.



All new citizens must spend at least five days in Antigua and Barbuda in the five years after getting their citizenship.


General Documentation Requirements

    • All documents must be less than six months old, unless otherwise stated. This includes translation and notarial stamp dates, dates government forms are signed, dates on reference letters, etc.
    • All Government Citizenship forms (AB1, AB2, AB3, AB4, and AB5) must be printed in color (these color print-outs are considered originals).
    • Forms may be completed either (1) by hand, using capital letters, with blue or black ink; OR (2) typed in a legible font, using Flag Theory’s fillable pdfs.
    • Each family member must submit his/her own forms.
    • Both parents, or the legal guardian, must sign forms for children under 18 years of age.
    • All photocopied documents must be certified as a true copy by a notary public. Certification must be authenticated by an apostille, and the certifier may not be closely related to the applicant (see page 1 of form AB1 for specific requirements).
    • All documents and forms must be submitted in English. Documents issued in another language must be accompanied by an authenticated English translation (see page 1 of form AB1 for specific requirements).
    • All forms and necessary supporting documents should be submitted at the same time. The only exceptions are police certificates, which may be submitted separately.



Important: Please note that fraudulent or forged documents, false information, or false declarations will result in the application being rejected or citizenship being revoked.




Applicants over 18 years old must provide a confirmation from a national law enforcement authority (usually the police) that they do not have a criminal record. The applicant is required to get this document from each country that he has lived in for six consecutive months or more since reaching the age of 18.




This document may be known as a “police certificate,” a “police clearance” or a “record of no information” in different countries. It is easily available upon request from a central police/government office.




In some countries, the police authority will only issue this certificate to the foreign government that is requesting for the document. In such a case, the certificate should be sent to this address: The Citizenship by Investment Unit, 3rd Floor, ABI Financial Centre, Redcliffe Street, St John’s, Antigua.


If possible, applicants should include in their application a copy of the receipt for the police certificate, to assist the CIU in tracking the certificate.


In the event that you are unable to get a certificate from a country where you had lived in, you should submit a written explanation and an original letter from the police authority stating that it will not issue a certificate.




In addition to the funding of the selected investment option, additional fees are also payable by each family member of the principal applicant. These comprise of the following:

    1. Government Fee

The fees applicable are stated in the table below. Ten percent of the government fee is payable (and non-refundable) upon submission of your application, with the balance due following receipt of an approval letter sent to the authorised agent who submitted the application. A government fee is charged for each family member.

    1. Due Diligence Fee

All applications are subject to rigorous due diligence to ensure that only meritorious applicants are granted citizenship. The due diligence fee is charged for each family member above the age of 11 as prescribed in the table below. The due diligence fee is payable upon submission of the application by the appointed agent, and it is non-refundable.


Note: If the applicant is a politically exposed person (i.e. a senior government or military official, a senior executive in a state-owned corporation, a senior politician, etc.), an additional due diligence fee of $5,000 will apply, as extra background checks are required.

    1. Passport Fee

Each family member is required to pay the sum outlined for issuance of their passport.


Schedule of Fees

Government fee – Principal Applicant  ** $50,000
Government fee – Spouse $50,000
Government fee – Dependent child aged 0-11 $25,000
Government fee – Dependent child aged 12-17 $25,000
Government fee – Dependent child aged 18-25 $50,000
Government fee – Dependent parent aged over 65 $50,000
Due diligence fee – Principal Applicant $7,500
Due diligence fee – Spouse $7,500
Due diligence fee – Dependent child aged 0-11 $0
Due diligence fee – Dependent child aged 12-17 $2,000
Due diligence fee – Dependent child aged 18-25 $4,000
Due diligence fee – Dependent parent aged over 65 $4,000
Passport fee – each person $300

**Principal Applicant $50,000, Spouse $50,000 and two dependents free until 1st May, 2016 (applies to the NDF investment option only).




Final Words


Antigua represents an amazing opportunity for those looking for an alternative citizenship opportunity in the Caribbean. The country has sound proper governance which means your and amazing visa free travel opportunities will stay in place for many years to come.


If you are interested in this program or want to compare others side by side, check out Passports.IO, which has a full list of global citizenship and residency-by-investment programs.


The post Antigua – Passports, Residency, Blockchain Incorporation appeared first on Q Wealth.


Why Pay for VPN Services When There Are So Many Free Options?

Free = Good. Right?

Free = Good. Right?


Free = Good, right? While the word ‘free’ is my favorite four-letter word, there are times where something that is ‘free’ has strings attached to it. Remember the invitation to the ‘free lunch’ that your long lost Uncle Joe wants to give you? Did it really turn out to be ‘free’ or was something attached to that lunch? We all have experiences we can relate about that one.


It is a good question: Why pay for VPN services when there are so many free options available? Free = Good, right?


Just as with the ‘free lunch’ a ‘free VPN’ will likely have strings attached to it. Those strings could seriously affect your privacy and your personal information.


To illustrate this, here is an excerpt from the article Why You Should Avoid Free VPNs.


The kinds of things that a free VPN service might take note of in their little history books are:


• Your IP address with time stamps


• How long you’re using the service


• The types of websites and services you’re using


Sounds a little scary, right? That’s all the information you wish was secured from third parties, but often times isn’t, even with a free VPN to hide behind.


The article goes on to have a section “Other downsides of free VPNs” and lists things I had not yet thought of as potential risks. Check that out for yourself and see what you think.


What really caught my eye is the section “Not all paid VPNs are perfect either” because an interesting point is made. Here is a quotation:


The fact of the matter is, even paid VPN services might over-indulge in user tracking, and the only way to be sure is to check the terms and conditions of the software before proceeding with using it. [Italics and bold ours]


That got me to thinking, “What are the terms and conditions of the Cryptohippie Road Warrior VPN package that we recommend?” You can find the complete terms of service here, but here is the privacy policy:

    1. Cryptohippie USA will generally protect user data and user details.
    1. Cryptohippie USA will NOT sell, rent or make available any customer data to a third party.
    1. Cryptohippie USA will NOT monitor traffic or write log files that contain any personal data (including but not limited to Internet Protocol addresses).
    1.  Cryptohippie USA will NOT monitor traffic usage unless required for accounting purposes. Traffic usage data does not include identifiable data such as IP addresses.
    1. Cryptohippie USA will NOT store any user data or details on computers that could be accessed through any kind of public network.
    1. Cryptohippie USA will NOT pass any user data on to any party unless legally compelled to do so. User data will be delivered to a third party only if a court order is in effect.
    1. Cryptohippie USA will defend user data by appropriate legal means.
    1. Cryptohippie USA shall not share user data with Cryptohippie, Inc. (Panama).

Looks pretty good doesn’t it. No legal-ese mumbo jumbo. Pretty clear.


Isn’t that what you want? Clarity. Security. Capabilities.


I encourage you to visit the FAQ section of the Cryptohippie web site. Investigate the product thoroughly. Learn for yourself that not all VPN products are created equally. The Road Warrior VPN product and network has been built from the ground up to offer excellence in security and ease of use. The multi-jurisdictional hops is a unique feature to Cryptohippie that dramatically increases your privacy and security while on the Internet.


Employ a robust and world-class VPN service. This topic, and a recommendation for a VPN, is covered in the section “Secure Your Internet Use” of our report The Complete Guide to Computer Security… for Mere Mortals. The security and privacy of your personal information is within your control. Read the report and start to protect yourself now.


Here is a video from Frederick D. our Computer Security Expert… See what he has to say here about Computer Security Solutions.


All thanks and credit for the above article must go to Anthony Bouchard at




The post Why Pay for VPN Services When There Are So Many Free Options? appeared first on Q Wealth.


Peter Macfarlane: How to Survive the Panama Papers

by Peter Macfarlane


It’s been a long time since I’ve been able to write for Q Wealth Report, due mainly to pressure of work on the private client side of my business and the fast changing environment. The scandal that is The Panama Papers, however, is definitely worthy of comment.


I am afraid that The Panama Papers and the ICIJ in general represent a sad reflection of our modern society and media. When respectable news organisations like the BBC see fit to publish stolen information about individuals, without any allegations that those individuals did anything illegal (note there is lots of innuendo, but nothing specific) and without so much as debating the moral and ethical aspects of their own actions… then there is every reason to be depressed about the way our world is headed. But there’s positive news too… as I will report at the end of this article.


When the news first broke, I was hoping to get some sense of the affair by watching the BBC’s primetime Panorama progamme. Panorama has been around for years and started life as a serious and cutting edge investigative journalism show. However this time, I just saw the chasing people who happened to be listed in the Panama Papers down the street with cameras asking for comments. One poor guy they chased had already apparently offered to prove the legality of his tax affairs to the BBC in a private meeting, but instead of taking him up on the opportunity, they simply lambasted in public. This struck me as reaching new lows of gutter journalism… not interested in the real story, but just in sensation… I mean, they really expect this guy to discuss his private financial affairs on international television just for the sake of it?


However, we won’t go down that route. In this article I will try first to correct some of the errors, then as always to provide practical advice for those who many be affected by the Panama Papers, and for those who may be looking to protect themselves against future leaks.




First of all, the Panama Papers are not really about Panama


Even the BBC admits this, in a slight return to lucidity and balanced journalism that is this article: Why the Top Ten Tax Havens Don’t Include Panama.


“The criticism Panama is getting is unfair. It is media sensationalism,” Gian Castillero, an adviser to Panama’s foreign ministry, is quoted as saying. Meanwhile the President of the Panamanian Bar Association, José Alberto Álvarez, says that he sees the attack on Mossack Fonseca more like an attack on the country. “It could have happened to another firm, the damage is terrible for them, for lawyers, for the country.”


(On the other hand, in the referenced BBC article you’ll see a very misleading picture of a beach hut with the impression given that it is Ugland House where 18,000 companies are registered in the Cayman Islands. An image of the real Ugland House can be seen here).


Look at the BBC’s own infographic here, and you can see that according to the stolen papers refer to more than twice as many companies incorporated in the British Virgin Islands as opposed to Panama. So why not call the affair instead “the BVI Papers”?


The reason is simple: Mr Álvarez is right. The Panama Papers were designed as an attack on the country of Panama. I am sure it is not coincidental that the subject of the attack is the only major international financial centre that recently exercised its sovereignty and refused to sign up to automatic exchange of information. If you need further evidence, together with salient comments on the aforementioned Panorama programe, read this article: Disgraceful BBC Panorama Propaganda Hides Grim Truth About Britain.


Panama is under great pressure at the moment, but it does of course have one trump card up its sleeve: the Panama Canal. It will be interesting to see how the story develops.




Who is talking?


Who or what is the ICIJ? This is an open question, to which I have yet to see a convincing answer.


The ICIJ is, according to its website “was launched as a project of the Center for Public Integrity” and is now “backed by the Center and its computer-assisted reporting specialists…” whatever that means (reporters with PCs?). It’s not clear if it involves financial support from the CPI.


The ICIJ site lists a number of Foundations as its financial backers. A special mention is made for Australian businessman Graeme Wood, who founded an online travel business recently sold to Expedia. Curiously, according to this release, Wood was elected to the CPI’s board of directors in June 2013, although he is not on the current list of directors on CPI’s site.


The CPI is also, quite ironically, bankrolled by a long list of foundations, trusts and the like.


So who are these foundations? To name a few:

    • Ford Foundation
    • Carnegie Endowment
    • Rockefeller Family Fund
    • W K Kellogg Foundation
    • Open Society Foundation (George Soros)

This list, for those who know anything about history, certainly suggests a very specific agenda.


As for the people behind CPI, there is no shortage of biographical information…. indeed, there are so many people on their board of directors, a cynic might start bringing up the similarities between the terms nominee directors and non-executive directors, it order to ask who is really behind it?


I am pretty sure most of the names on the website think they are being do-gooders by lending their names to this organization, and there is no doubt a huge team of idealistic but rather naive young journalists around the world who have been sucked into the excitement of being involved in a big ‘global’ project. These are probably fundamentally good people who really believe that offshore financial centres are a bad thing, but they don’t realize that the only way to eliminate tax competition is to eliminate sovereignty at all levels… from municipal through to national. And what a horrible world that would be.


They are also people who have, unfortunately, not stopped to question the ethics of using stolen information.  I presume their sole justification for doing so is that the end justifies the means.CPI’s mission statement begins “To serve democracy…”  However, the ‘end justifies the means’ train of thought, taken to it logical conclusion, would transport us about as far away as one can get from the concept of a democratic society. I wonder if they would take the same attitude to the use of stolen information if it was, say, Boeing’s proprietary information that had been hacked by the Chinese?


Regular readers know I am not one for big conspiracy theories, but the bottom line is abundantly clear: this is a big organization based in Washington D.C. that is pushing US interests and bullying others into compliance with their world vision. Enough said.




Why are there so few American names in the Panama Papers?


This is a question that many people have now raised. Is it that the US is so completely free of corruption that very few Americans used the services of Mossack Fonseca? Perhaps a more credible explanation is given here  by British journalist and former diplomat, Craig Murray. To quote Mr Murray:


The Suddeutsche Zeitung, which received the leak, gives a detailed explanation of the methodology the corporate media used to search the files. The main search they have done is for names associated with breaking UN sanctions regimes. The Guardian reports this too and helpfully lists those countries as Zimbabwe, North Korea, Russia and Syria. The filtering of this Mossack Fonseca information by the corporate media follows a direct western governmental agenda. There is no mention at all of use of Mossack Fonseca by massive western corporations or western billionaires – the main customers. And the Guardian is quick to reassure that “much of the leaked material will remain private.”


The Guardian, Mr Murray remind us, “smashed its copies of the Snowden files on the instruction of MI6.”


In fact, it is widely acknowledged these days that the USA wants to become the world’s biggest tax haven – for non-Americans, at least. The US is the only major country that has not signed up to exchange information automatically with other countries under the Common Reporting Standard. US banks today are actively soliciting undeclared investments that are leaving places like Switzerland, with promises that clients can avoid automatic reporting. There are still numerous states of the USA where you can form a corporation that is tax free and without so much as providing an ID document. Many offshore investment advisers who are braver than I are recommending their clients open accounts in the USA, but I don’t think this is a wise long term strategy.




Are you affected by The Panama Papers?


Dozens of clients have called me and asked how this affects them. Here is my answer.


First of all, I have never personally had any dealings with Mossack Fonseca, and I have never sent any business of my clients to them. I’ve run into them from time to time and they seem like decent guys. I have simply never had a need for their services, and I tend to like working with smaller, more boutique operations even if it costs me a bit more.


That said, Mossack Fonseca’s main business was running back office services – what they actually called a factory – for other providers who dealt with the end-user clients. So if you have set up an offshore company, trust or foundation at any time, with a firm other than mine, there is a fair chance that Mossack Fonseca were involved. You should be able to figure that out fairly easily by looking at your corporate documents and finding the name of your registered agent. You will soon see if Mossack Fonseca or Mossfon are listed anywhere.


If you were a client of Mossack Fonseca, directly or indirectly, you should certainly be on the defensive right now, but you might take comfort in two important facts:

    1. In many cases, intermediaries never revealed to Mossfon the names of final clients or ultimate beneficial owners. This is another thing Mossfon has been criticized for recently, but it is completely legal and is normal practice. I for one never keep beneficial ownership information in the same jurisdiction as that of incorporation – it is standard practice that I pass information through a law firm in a third country where it is legally privileged information. If you bought a Mossfon company through an intermediary, and that intermediary did his job properly, your name should not have ended up in Mossfon files. Unfortunately, however, many intermediaries in this business are either sloppy or unregulated or both. If they were unregulated, possibly Mossfon would have been obliged to insist on receiving the beneficial ownership information.
    1. Refer to the point above: the Guardian is quick to reassure that “much of the leaked material will remain private.” Remember, they are looking for sensational news stories about high profile people. If you are a low profile Joe Bloggs and they cannot find any information about you online, then with some luck they will pass over you and move on to juicier targets.

Nonetheless, you should think about damage control strategies and probably take professional advice from someone who understands offshore business. Finding the right lawyer may not be easy, but we can make recommendations to Q Wealth members.




How can I keep a low profile and protect myself from leaks or similar situations that may occur in the future?


There is a simple answer to this. Your personal privacy and security begins with you. Too many people publish too much information about themselves online. I would highly recommend you stay off social media like Facebook and Linkedin altogether – if you must participate, make sure your profiles are not publicly visible, and remember that you are not under oath when posting on social media… you do not need to post completely true information about things like where you live, or even your real name. Keep your phone numbers unlisted. And do not post your profile on the “about us” page of your corporate website. These simple steps will give you about 99% protection from snooping journalists. They might lose you some business as well, but long term, what value do you place on your personal privacy?


Make sure your children follow the same rules, too!


By far and away the best method of protecting your privacy, however, is to acquire a second residence and citizenship. Yes, that’s right, these days going offshore definitely involves planes, not just paper trips. There is no limit to the number of residences one individual may have, and in most cases there is no restriction on holding multiple citizenships either.


For US persons, holding another residence does not help you to legally avoid tax obligations, but for citizens of every other country in the world, it can. For Americans, a Plan B must involve a second citizenship, and the only way to opt out of US tax obligations completely legally is to renounce US citizenship. This is something many Americans are not quite ready to do, but it’s nonetheless a smart idea to have a second passport up your sleeve  to keep options open. You can read a lot more about second residences and citizenship here on the Q Wealth site and we will be updating this information over the coming weeks and months.




Is this the end of the Offshore World?


The propaganda machine is working so well these days that I am often asked this question. My response is absolutely not. Use of offshore structures, tax competition and international asset protection strategies increases every year and I believe this increase will continue exponentially. Those who do not like it might as well learn to live with it. Think about these points:

    • Use of offshore structures used to require expensive lawyers and know-how so it was restricted to big global firms, of the type who are demonized for tax mitigation like Google, Apple, Starbucks etc. But these days, the internet, combined with other factors like increased willingness to travel and low cost flights, have made the offshore world open to the small guy. These days the smallest e-commerce start up can use the same techniques as the big guys.
    • The whole reason we hear all this propaganda about offshore these days is that governments are worried, because more and more people are voting with their feet and their money, and going offshore. In all likelihood we will see more under-the-belt attacks like the Panama Papers, and the fight might even get dirtier. But these are not heavy-handed tactics of all powerful governments – rather, they are signs of desperation by governments trying to stop the unstoppable. It is ultimately big, unwieldly, meddling and unresponsive governments that are having to change their business model, not the small and nimble offshore finance centres.
    • Globalisation is completely normal in many modern business families. A lot of kids these days are born with 2, 3, 4 or more citizenships at birth. This is much more common now, even than a decade ago, let alone a generation ago. For this generation, an international outlook is completely normal. They will look to live, work and do business in the most beneficial places and commuting either physically or virtually across national borders will be the norm.

Some people seem to think that doing business offshore can be outlawed. However, any lawyer can see there is no way you can draft and implement laws to prevent international business taking place. Well, there is…. North Korea is an example. But I do not see the world taking that route.


What we certainly are seeing, however, is a change in two directions: substance and quality.


Substance and Quality means that international business must be really offshore, not just on paper. For example:


Out this season: Letterbox companies with nominee directors, issuing powers of attorney to the beneficial owners, and no proper accounting are on the way out. They will still be useful for some purposes, like simply holding dormant assets, but then they at least need to hire a proper auditor and move out of British territories like BVI and Anguilla that no longer welcome this kind of business. The best destinations for those still preferring classic offshore companies might be Belize, Nevis or Vanuatu.


In fashion are: Offshore companies with real physical presence, a real director offshore who knows something about the business, routinely holds genuine board meetings, makes decisions and signs documents offshore, on behalf of the beneficial owner who might be a Foundation or a Trust, are the new norm. These companies will have at least a hotdesking presence and a local bank account in their jurisdiction of incorporation, where the principals will typically visit from time to time…. and they will also keep proper accounting records – even if they don’t have to be filed anywhere publicly, business partners and bankers will insist on seeing audited accounts.


These changes are, to my mind, desirable and will improve the reputation of the offshore sector, making it easier for well-run offshore companies to do business internationally than it is today. Yes, there will be an increase in costs… but we are not talking a return to the old days. Annual maintenance costs might become $5,000 or $10,000 instead of $500 or $10,000, but this is still within the range of every serious entrepreneur and will in many if not most cases remain much more attractive than the onshore alternative.


“Midshore” jurisdictions like Panama, Hong Kong and UAE are best positioned to take advantage of this trend, having many advantages for entrepreneurs seeking substance offshore, compared to islands like the BVI. From this list, Panama stands out as a business friendly nation, with a territorial tax system, an established financial services infrastructure with hundreds of banks and accountancy firms, and a local workforce that is relatively well qualified in terms of cost. Grated this is not Swiss quality, but it is not Swiss prices either. Probably the biggest thing Panama has going for it, when compared to its midshore peers, is its welcoming immigration policy – it is very easy for business executives to obtain residence in Panama for themselves, their families and their staff.


At the end of the day, I think this scandal will blow over. Just as Switzerland survived its various leaks, as did BVI, so will Panama. In fact, for Panama and for the offshore sector in general, the future looks bright.












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MaidSafe: When Technology Mimics Nature

When Technology Mimics NatureBy Peter Le


With so much attention focused on Bitcoin, there are new emerging technologies based on the digital currency movement. If you have not heard of these, take note: Ethereum, Ripple, and MaidSafe. For all these new innovations, one stands out for me in particular that is actually older than Bitcoin.


MaidSafe is a technology that began more than 9 years ago in 2006. The development was based on academics and all-truistic goals of providing security and privacy to the individual. It was not created in response to any particular negative events that occurred.


What is so fascinating is that their team and founders emulate the power of nature as it is the firm belief that anything created by man can never trump over what nature can make. Nature knows better how to create the order and balance of things than any person.


In particular, the team looked at and studied the behaviour and system of ant colonies. MaidSafe’s motto is “The Ants Are Coming.” What this means in terms of this technology is it models the decentralized order of ants and how ants work together, repair or take over others when one is damaged, and adapt to changing conditions.


MaidSafe is like a giant ant colony of technology, small pieces of intelligent programs that determine at the individual level what role it should take, how to survive and thrive in the dynamic environment of information passing through it, and take decisive action without human intervention.


It is not only mind-blowing, but a great metaphor for life coming full circle in a way where we finally have nature and technology becoming intertwined and interconnected in a positive way. This is a blend of two worlds where at times they work against each other, but now there is this example of two forces co-existing and complementing each other, while maintaining a balance throughout.


Currently MaidSafe is in testing mode which its network is scheduled to be released to the public this year. For people, the benefits of using this technology are new ways to store information and create applications such as email that remove third parties from being the middleman, which at times that role is exposed to potential abuse and breach of privacy.


That is just the beginning, payment systems can be created in which it is purely peer-to-peer or where there is no need for financial institutions in between to parties who need to make a transaction.


The power of the Ants will power this new Internet, where the more information that is consumed, produced, then quicker the speed. It is the total opposite of our current Internet, in that this system encourages more participation and more usage, which then increases performance exponentially. The more you download, the faster it will be. In other words, a decentralized Internet is being created by MaidSafe where technology is sovereign.


Keep in an eye on those Ants!


About the author:


Pete is an international consultant specializing in digital currency technology.


Passionate about simplifying complex ideas and streamlining communication, he helps clients navigate through the business and technology landscape by cutting through the clutter of information, and providing clear and concise insight, thus enabling and inspiring them to apply their strategies to the appropriate tools with attainable goals and sharpened expectations.


He has published ebooks and articles for international investors covering a range of topics from digital currencies, marketing methodologies, technological paradigm shifts, to health and healing, as he believes that the personal and professional life is fully integrated into the well-being of clients.






Pete offers consulting on Bitcoin, Ripple, MaidSafe, and other digital currencies. The services includes expertise and recommendations on getting involved and investing in this new industry.


He also offers a concierge or “arm-chair” service for purchasing digital currencies. A 5% fee is charged on the total amount bought with a minimum amount required of $10,000 USD.


To procure his services, first contact him for initial 30-minute consultation at


He recommends potential clients to initially have the consultation to understand the advantages and challenges of exposure to digital currencies.




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Citizenship Renunciation: Record number of Americans give up citizenship as tax laws bite

passport_usaCitizenship Renunciation. This is not a phrase that most people living in the U.S. think about. If that is the case, then why pray tell did renunciations of US citizenship hit a record high in 2015? Over 4,200 individuals went through this process last year to be exact. What could possibly be the reason, and who would consider taking such a drastic step?


Do you have any money or assets outside of the U.S.? If the answer is ‘Yes’, then you probably have already completed the appropriate form(s) for the IRS and U.S. Treasury to declare funds kept offshore in excess of $10,000 USD. For U.S. citizens and residents it is extremely important to complete those forms. The penalty for not doing this is a minimum $10,000 USD! One Florida taxpayer was fined over $2,000,000 in penalties for failure to comply with this new requirement. This is an enforcement campaign run by U.S. officials with the goal of being anti ‘undeclared offshore accounts’. Should you have any questions about the IRS and U.S. Treasury reporting requirements for offshore assets held by U.S. citizens and residents, drop us a message. We have a referral to an excellent resource that can guide you on the reporting requirements of the IRS.


This has caused many to take their finances, and their privacy, into their own hands. The process is not as difficult as one may think. It can be accomplished in 5 steps as outlined in this article:


1. Get a Second Passport. In order to renounce your US passport you are recommended to have a second passport and, if you obtain one, you are required to bring this with you to your renunciation appointment. This is to avoid being ‘stateless’. To be clear, it is not a requirement, but it will help to smooth out the process. Ensure that the passport you acquire is directly issued by the government in question and never be tempted to purchase one off the Internet.


2. Review the Renunciation Forms and Prepare DS-4079. Follow this link to see a list of exactly which forms you need to fill out.


3. Book your Renunciation Appointment. Ideally you would book your appointment at the embassy or consulate in the country (and possibly city) where you plan to live once you renounce your passport. However, other embassies and consulates will take you, so it pays to “appointment shop” as the wait times can fluctuate greatly among locations. When you book the appointment, make sure to indicate how many people are renouncing US citizenship, if it’s more than one. If you don’t want to book the appointment yourself, you can have your expat lawyer do it for you. However, having a lawyer book the appointment for you can delay the process in some places, as they may require written proof that your lawyer represents you. They ask for this proof via Form G-28.


4. Attend your Renunciation Appointment. Make sure you take both of your passports to your renuncation appointment. Bring your birth certificate and if you have a certificate of naturalization from the country of your second passport, bring that too. There may be a long line just to get inside the embassy or consulate. If there is, politely let them know you have an appointment booked.


Be prepared to complete many copies of each form at the appointment and keep them organized in stacks. Proofread everything you and the official put on the papers. Make sure the signatures are in the right place.


5. File Your Final U.S. Tax Return. Your final tax return will be from January 1st through the day you expatriate. Here are the instructions and the form itself. IRS forms are periodically updated, so make sure you have the most recent one.


This is not an easy decision to make, and it should not be considered lightly. If, after careful consideration, you feel this is the best move for you and your family, we are here to help you with the first step in this direction, obtaining a second passport. Subscribers of the Q Wealth Report receive many benefits to help with this process such as:

    • Access to up-to-date reports and guides such as ‘The Second Passport, Citizenship and Residency Report’
    • Free email consultations with our panel of professionals to help create a strategic roadmap for your unique set of circumstances
    • Access to our rolodex of professionals in the word of citizenship, residency, asset protection and more!
    • $500 discount from Paraguay Residency Application
    • $1000 discount from any application for an approved Caribbean Citizenship Program
    • And more!

Send an email to to receive more information on the benefits of subscribing and to start the process of obtaining your second citizenship today!


All thanks for this article go over to Laura Saunders at Market Watch. Thank you for the great content!


Best Regards,

Aubrey – Member Services Executive


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Reaching a critical point in the stock markets

LaurensV3-198x198Frankfurt, February 2016


Currently I am in Frankfurt for business. Not my favorite time of the year to be here since I prefer the warmth in Spain or other exotic places but my different business activities lead me to so many different places. What I like about Germany is their outstanding work ethic, direct approach and honesty. This is one of the reasons why this country, despite the social issues, still is the biggest motor of the European economy.


I come here every year during this time because I do own a company that is the exclusive representative for South America of the glass and interior decoration line of the world famous brand Versace. I really like this as having this business gives me a great network in South America. It also gives me a feel of how the economy is going as I get to get the feedback of the worldwide sales and above all the more inside stories of what to expect based on people’s perceptions and opinions. This by itself is priceless information already.


Lately I really have noticed that consumer confidence is lowering amongst buyers and we see the same thing happening in the stock markets. The confidence is gone, the start of 2016 has been extremely bad and as of today the S&P 500 is down more than 10% for the year, oil is down close to 30% of the year and we suddenly have seen a large rise in gold which exceeded its six months’ highs today.


What will happen in the markets?


Prediction is always a tricky thing. It is very hard to predict and in my way of trading I only follow price action. However if you’d ask me, as I mentioned in my last post, if the SPY (ETF of the S&P 500) breaks the huge support level of 180, then we are well on our way to make this a year comparable to 2008.


See here the technical picture:




If the market drops, and stays below these levels of support around 180 – 181 we are on our way to a structural bear market. In 2008 the SPY dropped in total more than 56% and closed the year at -37%. My prediction is that the same is going to happen.


So, when this happens how can you actually profit from it?


I have written about this before. The way I trade is that I do not really care what the markets do, I just react to the price action. I trade both long and short to take advantage of increasing markets and declining markets.


As I mentioned before; the holy grail of trading is: A perfect execution of a suite of non-correlated systems. So, what do you need for that?

    • Trade systems that make money in bull markets
    • Trade systems that make money in bear markets
    • Trade systems that make money in sideways markets
    • Trade all these systems simultaneously
    • Have a quantified approach to this, so you know what to expect
    • Automate the process
    • Execute it mistake free

This is what I teach my mentoring clients and all of them that are trading this combined approach are actually up for the year. If we are getting another year like 2008, which is from an economic standpoint of view a disaster of course, but I know I will be very profitable in these markets. Mostly my bull market and sideways market system will be flat (no positions) and my short systems, designed for these kind of messy markets will crush it.


For those who are interested to work with me, you can fill out a questionnaire as well at the link below.


I only work with a couple of very committed people because this takes a considerable time commitment from my side as well to actually teach you one on one. So what we do is, I will review your questionnaire and if I think I can help you and we can be a good fit, we can work together for the next 6 months. This is not for everybody as there is a large financial commitment to it but it will be a LOT more expensive if you do not take action at all.


Click the link below to apply;


I will stay here another 3 days, after that I will be in Hong Kong and promise to send you a new update.


Until then,






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What do I need to consider when I invest in precious metals?

precious-metalsWhat do I need to consider when I invest in precious metals?


Before you invest in precious metals we urge you to think about the following points, which we consider key. It will allow you to sharpen your personal risk assessment.


Storage inside or outside the banking system:


Most importantly, store your precious metals outside the banking system. The ordeal over MF Global has shown that even segregated storage may not offer the needed security one would expect. We have also seen instances in the US where client advisors at banks had to open the safe deposit boxes with their clients so they could confiscate the fold on behalf of the government. In Greece for example people recently were not allowed to access their Safe Deposit Box during the potential “Grexit-Phase”.


Diversification across safe jurisdictions:


Keep assets outside the country you live in and in a safe jurisdiction, which will still respects property rights and were the power of politicians is limited. In our view the most secure place today is Switzerland. The politicians are only marginally better than others, but Switzerland has some key advantages. Switzerland has a strong federal structure limiting the power of central government and is the last remaining direct democracy left on this planet, the power of politicians is therefore limited.


Avoid countries which have confiscated gold in the past:


Avoid countries which have already experienced government confiscation in the past such as the USA, Germany, Italy and Russia. Although the British government so far never confiscated precious metals, we would be extremely cautious in signing a contract that is operating under British Law because the UK lost its independency since they gave up the Empire after WWII and became the junior partner of the USA.


In addition we would also be cautious storing metals within the European Union. As we have seen in the past, the politicians in the Euro zone have frequently broken with the EU constitution when it comes to Maastricht Criteria and right now it seems they are on the way to a transfer union, something which has been strongly precluded in the past. Therefore we see a potential risk that the EU bureaucrats can implement further restrictions or confiscations orders, because they can decide without questioning the citizens of the Euro zone.


Find out under which law you are signing up as a client:


Keep in mind that if you are investing in physical gold or silver with a company that is operating under the jurisdiction of one of the above mentioned countries this might be a disadvantage when the government decides to freeze assets on a global basis of a company e.g. operating under US law.


How can you communicate with your partner during a crisis-scenario:


Look at the possibilities on how to execute transactions. Is it only possible online and what is the alternative if the internet is down or blocked? Is it possible to communicate via fax, by postal mail or can you organize everything in a small period of time personally on the spot? Try to find out how the account is set up. If it is through a bank then it could take a tremendous amount of time to unwind the assets especially if you believe that the next crisis will involve the financial / banking system.


However, because no one knows the future and the specific needs and risk assessment of private or institutional investors are different, we have decided to offer you an overview about certain ways how to invest into physical precious metals.


At the end of day it is you, who has to decide which risks you are willing to take so that you still feel comfortable with the choice you made.




We have a new extensive Gold Report being uploaded to the members area within the next couple of days… We will keep you posted!






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A Lot of panic in the stock markets, the bear is awake.



Sydney, January 2016,


Laurens Bensdorp.


A Lot of panic in the stock markets, the bear is awake.


2016 has started extremely difficult for the stock markets, we saw a lot of panic and many people have lost a lot of many. The S&P 500 closed the month with a loss of 5% but it was down as much as 11%, so this does not predict a good stock market year at all.


Currently I am in Australia for another private consulting to a small hedge fund and I thoroughly enjoy being here.


Sydney is a wonderful city, lots of things to do, the people are really great and from my hotel, I have a wonderful view over the city and right next to the botanic gardens.


See here a picture;




Travelling to Sydney is always a very large trip from Europe, something to which I normally do not look forward too much but I have to say the business class of Emirates do an outstanding job with first class service and it gave me the opportunity to have a stopover in Dubai and visit some friends who live in Abu Dhabi.


So, as said, the stock market had a very bad start and this certainly looks like the start of a year that can be compared with 2008. The fundamentals worldwide and in the US certainly do not help and since 2009 we have seen a huge price increase.


See below a chart of the ETF of the S&P 500 index which shows a low of 67.10 in 2009 and the market achieved its peak last year at 213.78. That is an increase of 219%!




From a technical point of view we can see a couple of things:

    • The uptrend has turned into sideways since mid 2015 and in January it really started to be in bear mode.
    • Mid 2015 we had the first attempt of a big sell off but it recovered very well
    • But….it did not reach a new high in the markets
    • In January it again started to sell of sharply and mid-January it recovered a little but not much
    • The main support of the SPY (ETF of the S&P 500 index) is at 180. If we close below that the market is ready to decline all the way to 140

This is bad news for all people that trade a long only strategy as all positions are losing money and will lose even more money when the markets keep declining.


This is why I am always teaching my students to create a suite of non-correlated systems that work in all market types. If you trade a long strategy and simultaneously also place trades that make money when the markets decline you are far better off and historically it has been easy to combine two strategies like this and make more than 20% annualized returns and be profitable every year.


See my earlier blogpost here about this strategy


In a 6 months course I teach a handful of very committed traders one on one to develop a system that just does that. This is the most exclusive mentoring that I do and due to my extensive travel schedule and other business activities I can only take a maximum of 3 people at any time to work with me.


Depending on what program suits you price are somewhere between 17.500 and 35.000 for a 6 months period so it certainly is not for everybody, but I do get you the results. Imagine if you have a 500.000 USD portfolio, you probably can earn within a couple of months your instalment back and you just continue to generate outperforming returns year after year.


2 spots are filled right now so I have only one more spot open. This kind of mentoring is not available elsewhere so I am very picky of who I work with and there is an application process as I need to see if you are a good fit working with me.


If you are interested in talking to me, please click on the link below, fill out the application and I will review it. If I think I can sincerely help you and you are a good fit, we setup a phone call and see if we might work together.


Please click here and fill out the application


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Skype users have another reason to use a VPN

skypeOnline security is a very hot topic with our discerning readers. We monitor many security web sites on a daily basis to find the most important issues that affect those in our Q Wealth family of readers. Recently, a very serious issue was resolved… but one that also illustrates why Skype users have another reason to use a VPN.


Do you use Skype? It is nearly ubiquitous. Lots of features. Improved quality of calls. Micro$oft owns it now, which has caused doubts for those concerned about their privacy. Yet, Skype still is used frequently. Only recently was Skype updated for a problem first identified in November 2010; yes, nearly six years ago.


The problem? Your actual IP address could be leaked revealing your city-level location. It took 44 months from when the problem was first identified to a resolution.


When you use Skype, please use it with a high-quality and reliable VPN activated first. Why? Here are two paragraphs from this article:


An IP address is an important piece of information that can be used to track your approximate location and your service provider. But the information is not always necessarily accurate, as you could be using a VPN, which might make it appear that you are based in a different country from the one where you are really located.


All the same, unfortunately most people do not use VPNs, and IP information could help vengeful gamers launch denial-of-service attacks and (even scarier) potentially help provide pranksters with the information they needed to trick armed police SWAT teams into raiding a property.


We can’t emphasize enough that you need to have in your privacy toolbox a high-quality, private, reliable, and easy-to-use VPN. We recommend the Road Warrior VPN suite from


I encourage you to visit the FAQ section of the Cryptohippie web site. Investigate the product thoroughly. Learn for yourself that not all VPN products are created equally. The Road Warrior VPN product and network has been built from the ground up to offer excellence in security and ease of use. The multi-jurisdictional hops are a unique feature to Cryptohippie that dramatically increases your privacy and security while on the Internet.


Employ a robust and world-class VPN service. This topic, and a recommendation for a VPN, is covered in the section “Secure Your Internet Use” of our report The Complete Guide to Computer Security… for Mere Mortals. The security and privacy of your personal information is within your control. Read the report and start to protect yourself now.


Here is a video from Frederick D. our Computer Security Expert… See what he has to say here about Computer Security Solutions.



All thanks and credit for the above article must go to the Graham Cluley at He is a terrific resource on computer security and I follow his work everyday.



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The Relentless “War On Cash” (actually Privacy) Continues … But What’s Really Driving It?

Norway’s largest bank, DNB Bank, is just the latest in a long line of financial institution to call for the scrapping of cash.


We detect a bit of a theme here!


Scandinavia though it seems, seems to be somewhat “leading the charge” towards an Orwellian “Cashless Society” in many ways, with DNB Bank joining similar calls already, from leading banks in both Sweden and Denmark.


On Friday, the DNB Bank released a report that concluded with these words :


“There are so many dangers and disadvantages associated with cash, we have concluded that it should be phased out.”


Very little ambiguity about their position there then.


It would, however, be wrong to say that such calls represent official Norwegian government policy though … at least not yet.


Although we all know from experience, two things.


One … is that what banks want, banks usually get!


And two … is that there’s nothing quite so UN-reassuring, as a “government assurance”!


And so right on cue, enter the Norwegian Finance Ministry Spokesman,  Torre Vamraak, with precisely that.


Unable to simply ignore DNB’s highly inflammatory statement, he offered up the following … er … “reassurance”.


“There are many, including the elderly, who still want to use cash and that must be allowed. Moreover, it isn’t unproblematic for privacy to make every transaction traceable”


How long though, such soothing words can withstand Banking’s inexorable push for “full spectrum dominance” over everyone else’s privacy, remains to be seen.


new-norwegian-banknotes-pixel-bills-2What is certainly true though is that the line between what is “public” and what is “private” in Norway in recent years, has become increasingly blurred in recent years.


It has become about as blurred as the new design for their bank notes, due to be introduced in 2017.


The traditional design of the front of the new notes, raised very few eyebrows, as you can “clearly” see.


However, it is what is to happen on the reverse of the same notes, that could be construed as symbolic of the blurring of those lines that we spoke of earlier.




new-norwegian-banknotes-pixel-bills-1Here is what the reverse of those same bank notes is going to look like.


As you can “see”, (at least you can if you screw your eyes up tightly enough!) the images are about as clear dependable as the Finance Ministry’s “reassurances”!


But why are Banks closing the noose so tightly on cash?


Well the answer to that has several strands, which we will try to summarise at least.


The first thing to remember of course, is that Banks are running more scared than we perhaps imagine.


And the driving reason is, ironically, the result of Banking’s own desperate and cynical policies.


Over the course of the last few G20 summits, banking has manipulated and cajoled Finance Ministries around the world into creating what are effectively “Bank bail-In” laws.


These laws ultimately transfer the responsibility for “bailing out” failed banks, away from deeply unpopular (not to mention career-threatening) tax-payer-funded “bail-outs”, and on to the backs of the Bank customers themselves.


Secondly, as has been clearly seen by the recent utter carnage in the markets, following the Fed’s “face-saving” decision to raise interest rates last December, in an economy that was suffering from a recession, everywhere else except on “funny-money-funded” Wall Street, a “Negative Interest Rate Policy” (NIRP) is a very real possibility.


Recognising it as nothing less than a new form of legalised theft, people will not take ZIRP lying down … and banks know it.


Banks know, that as soon as people realise that they have a “leaky bucket”, then they will remove their “water” from it, and put it into a vessel that doesn’t leak.


In other words, banks realise that while their savers may well not like the current “Zero Interest Rate Policy (ZIRP), they are not stupid enough to allow Banks to steal money from them via NIRP, just for the “privilege” of parking their money in a bank account.


And so it is in order to “block that exit” and to legally and physically prevent depositors from being able to withdraw “cash” from the banking system, that the entire “Ban Dangerous Cash” bandwagon is now rolling.


The Central Banking elites know, that unless they ban cash, that their desperate NIRP policies are going to crash and burn.


Of course the double benefit for them, as well as their government partners though, is that such a move to an all-electronic “Cashless Society” system, also represents the ultimate realisation of their sweetest Orwellian State dreams.


The benefits and temptations for Banking though, are irresistible for them though, that’s the hideous problem.

      1. Every single transaction and financial interaction on the planet will be “Tracked & Taxed”
      1. Every single one of those same transactions will attract a “fee” for Banking
      1. Bank runs, every bankers worst nightmare, will become a thing of the past

On the other hand, People’s choices will be reduced to …


1.  Putting up the literal theft of their money on deposit




2.  Spending it digitally, exclusively within the by then digital and cashless banking system.


A comparison between the contrasting outcomes for both parties from such a development makes for painful reading, to say the least.


But as is so often the case, few realise the dangers, and fewer still are resisting it and preparing for it.


The NIRP and Cashless Society “barbarians” are right outside the gates, and while, to paraphrase The Borg, “resistance seems futile”, all is not lost, yet.


Perhaps enough people will wake up to the privacy-crushing ramifications of NIRP and its Siamese twin, the Cashless Society, before it is too late.


But don’t hold your breath waiting for the mass awakening will you!






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