| Suggest to the average American that he
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| | financial strategy. For the careful and
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| or she might benefit by owning a foreign
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| | conscientious investor, it is one of the
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| bank account and you'll more than likely
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| | most pragmatic ways of expanding the
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| get a questioning look and a response
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| | realm of financial opportunity, because
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| such as, "Why on Earth would I want to do
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| | it is one of the most creative ways of
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| that?"
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| | diversifying assets.
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| Americans, you see, tend to have an
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| | Since offshore banks don't operate within
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| extremely parochial attitude when it
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| | the United States (hence their name),
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| comes to their money and they also tend
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| | accounts held in them are rarely subject
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| to have an almost unnatural suspicion of
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| | to our state and federal laws and
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| foreign banking activities. After all,
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| | regulations. Offshore banks can also
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| the media have exposed them to an
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| | offer a wide range of services well
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| unending series of foreign banking tales
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| | beyond the legal ability of domestic
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| involving political shenanigans,
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| | banks. Through aggressive use of these
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| financial fiascoes and criminal capers.
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| | services, investors can increase their
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| Yet, the simple fact is, most Americans
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| | profits, reduce their tax burdens and
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| could benefit by owning a foreign bank
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| | raise capital at lower interest rates
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| account. Already, foreign banking or, as
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| | all without the restrictive maze of red
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| it is more popularly known today,
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| | tap often encountered in the United
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| "offshore banking" has become an
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| | States. There are approximately 45
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| important tool for thousands of
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| | jurisdictions around the world that bill
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| legitimate and highly successful
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| | themselves as offshore financial centers
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| businesses and individuals. And in
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| | or banking havens. Many of these centers
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| today's high tech computerized satellite
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| | are remote, lack adequate support
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| communications world it is easier than
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| | facilities or have flaws in their banking
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| one could ever have believed.
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| | or tax laws that could affect your
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| Who would have believed even 5 years ago
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| | privacy or your rate of investment
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| that standard simple transactions as
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| | return. That does not necessarily mean
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| talking to an American Express agent that
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| | you should avoid banks in these
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| the person demanding a cheque stub number
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| | jurisdictions when shopping for a
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| could be half way around the world in
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| | location for your foreign bank account.
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| India speaking better English than most
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| | However, it does mean that you should
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| Americans? To top it off this person was
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| | exercise additional caution, making sure
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| probably born in a low tech mud hut and
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| | the bank is well managed and offers the
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| 15 years ago did not even have access to
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| | services, experience and security you are
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| electricity and running water. In
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| | seeking. As a means of increasing your
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| practice, a foreign bank account gives
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| | wealth by diversifying your investments,
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| the prudent investor the opportunity to
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| | minimizing your tax load and increasing
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| synchronize the benefits of various
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| | your investment profit you should
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| banking activities and blend them into a
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| | seriously look at obtaining one or more
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| unique profit-making and tax-saving
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| | offshore bank accounts.
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