According to Robinson, it’s because, in order to make illegal funds appear legitimate, crooks will slowly feed the money into the cash registers of a normal business. I’d always wondered how empty video stores renting movies for $3 a day could stay in business, and why I’d see Russian thugs running clearly unprofitable frozen yogurt stands on deserted side streets. Even in the novel Gone With the Wind, Rhett butler keeps his earnings in offshore banks, enabling him to buy a house for Scarlett o’Hara after the Civil War-in contrast to his Southern colleagues, who lose their fortunes due to blockades, inflation, and financial collapse.įor more practical, non-fictional inspiration, I bought Jeffrey Robinson’s 1996 book The Laundrymen. Securing money overseas is not a new idea. And my intention wasn’t to hide my earnings from the government, customs, or creditors, but to protect it from bank collapses, inflation, seizure, and lawsuits, which required leaving few traces of where it went. So I did what any resourceful American would do: I bought a book on money laundering.Īfter all, it isn’t a crime to move money secretly as long as the income’s been reported to the IRS and any other necessary reporting requirements are met. Even if I moved it in small increments, there would still be a paper trail detailing exactly how much money I’d transferred. It seemed impossible to get the money from my American bank to the Swiss bank Spencer recommended without ringing alarm bells. Now that I’d decided to hide my assets offshore, the information from the Sovereign Society conference about the government tracking withdrawals and transfers of more than $10,000 applied to me. If you wanted to withdraw your entire life savings and move it to a bank in Switzerland, what would you do? Lesson 22 – The Gone With the Wind Guide to Asset Protection The following excerpts will set your mind spinning. I’m very happy to offer you an exclusive first look at Emergency. Do I think it’s fun to read about what billionaires and money launderers do, even if I don’t imitate them? Most definitely. Do I think it’s intelligent to have a lot of options? Indeed. If the FDIC collapses and bank withdrawals are blocked (as happened in Argentina in 2002 when the currency collapsed due to hyperinflation), I’m out of business Neil has assets elsewhere.ĭo I think the US banks are all going to collapse? Not at all. I’ll get stopped at the airport in a lock-down Neil won’t. I never implemented the 5 Flags, but I fantasized about getting a second passport and the infinite options it could provide. To these, Hill added a fourth and fifth flag: an additional country as a business base and a number of what he called ‘playground countries’ in which to spend leisure time.” The three flags consist of having a second passport, a safe location for your assets in another country, and a legal address in a tax haven.
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“The way to break free of nationality, according to Schultz’s pamphlet, was to follow a three-flag system. I was first introduced to the 5 Flags approach by a deca-millionaire in San Francisco, but here is Neil’s explanation: For example, let’s take the concept of “geoarbitrage” to it’s natural but extreme extension: The 5 Flags.
I proofread the book months ago, and it’s been torture to keep some of the content from you, as I find the topics endlessly fascinating.
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Multiple passports, moving assets, lock-picking, escape and evasion, foraging, even how to cross borders without detection (one preferred location: McAllen, Texas, page 390)–it’s a veritable encyclopedia of for those who want to disappear or become lawsuit-proof global citizens… Neil’s new book, Emergency, teaches you how to become Jason Bourne. Neil’s heart skipped a beat and he stared at me for several long seconds.
“What, are you writing about the 5 Flags or something?” “I can’t let the meme out early” he said, “I trust you-I’m just paranoid,” he offered to no one in particular as he downed another RedBull.
But the Woody Allen approach wasn’t working. In fact, he was – as New York Times bestselling author of The Game and others – one of the first people to see the proposal for The 4-Hour Workweek and offer me encouragement. After all, we’d known each other for close to two years now. Neil Strauss glanced around and looked nervous, which I found strange. Sitting on a plush couch in the neon-infused nightclub, I asked again: Is it possible to become invisible without breaking the law? (Photo: gravitywave)
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