[Homestead] Russians must be smarter than Americans

Tvoivozhd tvoivozd at infionline.net
Sun Sep 5 16:51:24 EDT 2004


According to Pravda, 98 percent of Russians distrust  banks and there is 
a current run on them in Russia.

Any American keeping any substantial amount of their assets in American 
banks has to be out of their mind.  First their bank account is subject 
to government seizure at any moment for any (or no) reason.  You will 
never get it back if you do not have cash  outside the banking system 
for a legal defense of your assets, and you are dealing with government 
entities with almost limitless funds who can and do swamp the average 
citizen with limited assets for defense. Only if you are very wealthy 
can you turn the tables.


So keep your money outside the U.S.  I used to keep mine in the Foreign 
Bank of Commerce in Switzerland.  It is unsafe in Canadian banks who are 
all in  cahoots with the IRS.







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