FICTION Offshore banking can not be that good because they can not really pay the high interest rates they offer. If they could really pay those rates also U.S. banks would try to be competitive and have the same interest rates.
FACT Examine nearly the fiscal statements of any U.S. Bank
You’ll see that their” gross” gains against client deposits can range from 25 to 40– but– they’ve laws written in gravestone to limit the interest quantum they can pay guests on their deposits. The U.S. banks place their earnings into gratuitous frills andnon-productive expenditures like fancy structuresetc., while coastal banking installations do not do this and partake their gains with their guests.
FICTION Offshore banking is not regulated, so you’re at threat of losing all plutocrat deposited with them.
FACT The verity is that every country in the free world has regulations, rules and laws governing fiscal institutions and banks. Those regulations, rules, and laws, still, are much less restrictive than the”protectionist”U.S. banking regulations, rules, and laws and allow the coastal banking assiduity better occasion to earn much lesser gains for their investors and depositors. Read about EDD banking!
FICTION Offshore banking installations aren’t ensured by the F.D.I.C.
FACT Some of the banks are but not thatmany.However, they must misbehave with the same protectionist banking regulations and rules as all the other F, If theyare.D.I.C. ensured banks. But, the maturity of coastal banking installations are ensured; one way or another.
Depositor insurance programs analogous to theF.D.I.C. program have been established in some countries, so that the banks in those countries have their deposits ensured. Independent insurance companies ensure the deposits of coastal banking installations in other countries AND unlike theF.D.I.C., ensure 100 of the banks deposits; not just those under$. (By the way, some of the banks in theU.S. ensure their deposits with independent insurance companies and numerous banks in theU.S. aren’tF.D.I.C. insured)
Offshore banking is” tone- ensured”for the utmost part which means those banks have a liquidity factor equal to 100 (or further) of the deposits on the books. Those banks have$ 1 (or further) in liquid means for every$ 1 held on deposit. Thus, there’s no bank run because they can cover any depositor demand.
Tone- ensured coastal banking is actually more secure thanF.D.I.C. ensuredU.S. banking. Why? Because theF.D.I.C. ensured U.S. Banks are permitted to maintain a liquidity factor fellow. To roughly 10 percent of their public deposits. (Is it any wonder why furtherU.S. banks fail each time than in any other country?)
Which kind of bank would you feel more safe having your plutocrat in? An coastal banking institution which as one bone in cash for every bone on deposit, or aU.S. bank which as ten cents in cash for every bone that shows up on the deposit statement they give their guests?
FICTION Offshore banking is not as big or strong asU.S. banking.
FACT Of the strongest and largest big banks in the world (in means), one bank ONLY is located in the United States
Then are the safest coastal banks in the world, according to a ranking done in 2007 after examining their total means in US bones. Distance information included on AllBanks.org
1 UBS AG Switzerland 2 Barclays UK 3 The Royal Bank of Scotland Group UK 4 Deutsche Bank AG Germany 5 BNP Paribas SA France 6 The Bank of Tokyo-Mitsubishi UFJ Ltd Japan 7 ABN AMRO Holding NV Netherlands 8 Societe Generale France 9 Credit Agricole SA France 10 Bank of America NA USA
2008/2009 UPDATE AFTER THE FINANCIAL COLLAPSE OF 2008
Germany’s largest bank, Deutsche Bank AG, reported a fourth quarter loss of about$6.3 billion. A time before, the bank posted a profit of about$1.3 billion (1 billion euros), Bloomberg reported.
Bucking the trend is a bank not indeed. Which is awaiting to post gains of 1.3 billion pounds. I’ve a contact who can help you open an account at this bank for your company if you ask to do so. The account would be in Hong Kong. Read about Jcpenney credit card!
By an independent standing service. And if you aren’t from the U.S. or if you’re from the U.S. And have a foreign LLC or IBC to open the account with also you can deposit dollar. Which has earned depositors as much as 100 per time on their deposit. It’s easy to open an account there.
FICTION Offshore banking mustn’t be veritably good, or further installations would announce their services in journals and magazines in theU.S.
Journals, radio and onT.V. Unless they come under the same protectionist. Knowing that, you should be conservative about doing business with any coastal banking installation that intimately advertises in theU.S. media. Because you can be veritably sure that they’ve vended-out to theU.S. banking establishment and that establishment will end up dealing you out to those who make the rules.
FICTION Offshore banking is only for the fat.
FACT About 25 times agone, that may have been true. But I know of about three coastal banking installations that will allow you to open an account for as little as$ 500. One of these is in the Asia, another in Europe, and another in Latin America.
Fabrication Opening an account at an coastal banking installation is too delicate, and it’s veritably delicate to get a pullout when you need it.
FACT Opening an account at an coastal banking installation is easy because you just follow the instructions they give to you. Getting your plutocrat out only requires a request that you fax or telegraph with an attachment included.
We hope to serve you not only in a way that saves you plutocrat, but by giving you quality service also. May your experience in the world of coastal banking and asset protection always be a affable bone with our help.