actually read in the paper that some swiss banks are getting fucked by the IRS. apparently a lot of people were evading taxes by having their funds in swiss banks.

yeah, but my dad is very very old...don't forget panama.

he invested in swiss banks all of his life, fifties, sixties, seventies, eighties and then he moved most of his funds to panama

quote:

Originally posted by JD8180 actually read in the paper that some swiss banks are getting fucked by the IRS. apparently a lot of people were evading taxes by having their funds in swiss banks.

Where is the swiss bank anyways. A hidden cave inside the Swiss alps.
Someone just dug a hole in the mountain with many compartments to hold each persons $ and can only get to it by helicopter.

Too lazy to research on a friday night.

someone told me each account is a 12 digit code so the IRS can not find out who its related to?

___________________
ATB -Let u go
Iio - Rapture(riva edit)
Dj Encore - I see right through you
Lasgo - something

The best vocal tunes on LI RIP(2001-2002)

quote:

Originally posted by Trancealot Where is the swiss bank anyways. A hidden cave inside the Swiss alps. Someone just dug a hole in the mountain with many compartments to hold each persons $ and can only get to it by helicopter. Too lazy to research on a friday night.

that is awesome.

quote:

Originally posted by winston that is awesome.

sounds like an "austin powers film"

Dr Evil will rob the swiss bank with the help of the "sharks with lazers"

___________________
ATB -Let u go
Iio - Rapture(riva edit)
Dj Encore - I see right through you
Lasgo - something

The best vocal tunes on LI RIP(2001-2002)

quote:

Originally posted by Trancealot sounds like an "austin powers film" Dr Evil will rob the swiss bank with the help of the "sharks with lazers"

i don't know how europe is doing, everyone is fucked right now. what about china, japan, or the third world? i would put my money anywhere in asia. if you have a contact, know someone, go there, explore the options you will see great great benefits in ten years from now, but that would have great risk...if the government of wherever you might put your money remains stable, the money will duplicate, if there is a revolt...unlikely, then you might get all of your funds stolen by the government. mind you, the stock market in china and japan has very little correlation with that of the US or the UK..


just to throw something out there...

so your saying there are other investment opportunities out there meaning not just in the US which I am mainly referring to in the beginning of this thread(1-5)

___________________
ATB -Let u go
Iio - Rapture(riva edit)
Dj Encore - I see right through you
Lasgo - something

The best vocal tunes on LI RIP(2001-2002)

i wouldn't put my 'cash' in any american bank! i repeat i would not put great amount of money in the US at the moment. Specially when the government is just about to step in and regulate everything

it's a very radical point of view, but i just don't see any foreseeable benefit of putting all of your cash in an American bank/Financial institution right now.

quote:

Originally posted by winston my family just bought property in the U.S preparing to buy more. prices have gone down tremendously, it is the time to invest in depreciating assets.

yeah, the best thing about property (other than that bricks and mortar are always worth something) is that a bank will lend you say, $200,000 to invest. try getting them to let you invest that money in the share market!

it means people on modest incomes like myself, can invest a disproportionately large amount in the market, and have it grow over the next 20 years. hopefully i'll be about $600,000 in debt by the end of the year, and absolutely loving it.

factor in a 10% growth a year which is the average for property in the long term (in Oz), and it'll be $60,000 in equity im building each year.

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