America's Missing Millionaires
Since 2007, over 800,000 millionaires have vanished from America's shores. Like many of us, they've grown fed up with America's out-of-control tax code and greedy government … and they've decided to do something about it. To find out where they've gone – and how you can join them – click here for Bob Bauman's special report.
To Hell with Politicians: Write Your Own Platform
By Bob Bauman JD, Offshore and Asset Protection Editor Dear Sovereign Investor Subscriber,
History, of a sort, is being made in Tampa, Florida this week at the Republican National Convention. A swarm of 2,286 delegates and 2,125 alternate delegates from all 50 states, the District of Columbia and the five U.S. territories have descended on the area.
The party faithful are gathered to ratify a foregone conclusion – the GOP nomination of former Governor Mitt Romney of Massachusetts for president and U.S., Rep. Paul Ryan of Wisconsin as vice president.
An estimated 50,000 people (media, delegates, attendees and merchants) are taking part in the festivities, along with a brief visit from Hurricane Isaac.
National party conventions can be great fun. I ought to know.
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I attended my first national GOP convention in San Francisco in 1956 when I was a 19-year-old college student working on Capitol Hill. I served as a "go-fer" for the convention chairman, U.S. Rep. Charlie Halleck of Indiana, who was the U.S House Minority Leader, and I got to see backstage how these shows are really run.
Later, as an elected delegate, I went in 1964, 1972, 1976 and 1980. At Detroit in 1980, I was co-chairman of the Maryland delegation with the late U.S. Senator Charles C. "Mac" Mathias. The Baltimore Sun dubbed us "the odd couple," me on the political far Right, Mac on the Left.
So, I am also speaking from experience when I tell you that party conventions mean almost absolutely nothing…
Sound and Fury It was not political conventions Shakespeare had in mind when he had Macbeth eloquently describe life "as a tale told by an idiot, full of sound and fury, signifying nothing." But it might well have been.
In what has become one of the more meaningless functions of national party conventions, the so-called "Party Platform" is supposedly a statement of beliefs and a list of pledges of what the party will do.
One of my favorites, the late and great Will Rogers, explained: "The reason political party platforms are so long is that when you straddle anything, it takes a long time to explain it."
While both parties have pretty much stopped the platform "straddle," successful candidates, once in the White House, seem quickly to forget the documents ever existed.
Keep the Change I don't usually quote the late governor of Alabama, George Wallace, but a 1968 observation he made about U.S political parties has stuck with me: "There's not a dime's worth of difference between the Republicans and Democrats." When it comes to party platforms, the words on the issues may differ, but the ultimate actions are not that different.
Face it folks, no matter who wins the presidential election on November 6, the ruinous bipartisan policies that have gotten us into this mess are likely to change, if at all, only by degrees.
It was George Bush and Barack Obama who joined to pass the billions in big bank, Wall Street and auto bailouts. Paul Ryan voted for all of it. The national debt today approaches $16 trillion and the dollar is dying. Does either side have a real plan?
Most of the post-9/11 civil liberties abuses, illegal surveillance, wiretaps and other Bush-era police state initiatives were adopted and expanded by President Obama, including the extension of the PATRIOT Act, although Obama campaigned against them in 2008. Neither candidate has even mentioned them this time.
One of the most destructive political acts of this generation, the U.S. invasion of Iraq, was fully bipartisan, as is the needless war in Afghanistan, where our "allies" are murdering American soldiers daily.
Many of the most damaging policies inflicted on Americans by Washington's political elites, through laws and rules, are enacted on a fully bipartisan basis. Your Own Platform You bet there is a crying need for adoption of a platform – a statement of principle and action – here and now, but it is a plan for what needs to be done by you for your own safety and salvation.
You can't depend on politicians to help you. Only you can formulate the planks and only you can carry it into action – and time is running out. After the election, it may be too late.
Here are the planks you need: 1) Establish an offshore bank or other financial account and move some cash offshore for emergencies. Uruguay, Panama, Demark, Switzerland and Austria are candidates with solid privacy laws.
2) Create an offshore asset protection trust, or a dynasty trust, outside the jurisdiction of the U.S. government and U.S. courts – the Cook Islands are a good location.
3) Purchase and store precious metals offshore (Austria, Switzerland and Singapore) – if they are in your name, they are not U.S. reportable.
4) Apply and get quick official residence in another country as a step towards eventual citizenship. Best bets for speed are Uruguay and Panama. Don't just stand there mute as your freedoms die around you. Understand the true meaning of events —take the decisive action needed.
My fellow Marylander, the late H.L. Mencken, once described democracy as "the theory that the common people know what they want and deserve to get it good and hard."
Unless Americans wake up, we're all going to get it "good and hard" and it won't be pleasant. Make sure your personal platform is in place before it's too late.
Until next time,
Bob Bauman
P.S. Just as our politicians' terrible policies threaten your personal liberty and prosperity, so too do they threaten American businesses. That's why they too are looking to grow their wealth overseas. These companies are looking beyond America's shores to find huge growth, and they are exactly the kinds of companies Jeff Opdyke is finding for his Global Growth Strategist subscribers. Right now, Jeff has found one company that's about to go on a historic growth streak. To learn more about what Jeff has discovered, click here for his special report.
Related Reading: The IRS is Going for the Gold
A Police State as American as Mom's Apple Pie
Are You Smarter Than a Boiling Frog?
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