what to do with your cash now

What to do with Your Cash Now?

July 30, 2015 by Bobby Casey We live in some strange times. Governments around the world are drowning in debt and yet the media portrays the global economy as recovering. Stock markets are like riding a roller coaster, drunk and on acid. Currency markets are wild with the US Dollar showing mystical strength and one of the most stable currencies in the world – Australian Dollar – showing a 21% decline vs. the USD over the past 12 months. Now we have entire countries narrowly avoiding bankruptcy through sheer corruption and sleight … [Read More...]

plunder

The Folly of Plunder

July 27, 2015 By: Kelly Diamond, Publisher First time, shame on you… Second time, shame on me… Third time??? That’s right! Greece got her THIRD bail out! 86 Billion Euro! It’s fair to say that while everyone (including myself) might not agree with ALL of Iceland’s policies, the part where they purged the criminals from their banks and political ranks was one of the boldest and most brilliant decisions to ever come out of a government. Iceland realized they couldn’t keep the same stale crooks, and practice the same broken policies, an … [Read More...]

Insolvency Portugal next

Insolvency: Is Portugal Next?

July 20, 2015 By: Kelly Diamond, Publisher So by now you probably know that Greece is on sale. It is quite literally the world’s largest estate sale. They are selling off their land, their ancient artifacts, and anything else that can fetch a price to pay off their debt. This is what people and businesses do all the time. People have yard sales and pawn their stuff off to liquidate their assets when they hit hard times. Greece should’ve done this years ago, but the fact remains the behavior is par for this course. I think about the big … [Read More...]

greece china us reality

Reality Check

July 15, 2015 By: Kelly Diamond, Publisher I was watching some sort of documentary on space. Fascinating stuff! I’ve never been much of a science person, but when laid out in simple terms, I do find it enthralling. Anyway, turns out space is incredibly brutal. Nothing about it says, “Life is welcome here!” No. It’s not welcome. In fact, by all accounts we really shouldn’t be here. The conditions under which life is possible – never mind sustainable – in this galaxy are so precise and so unlikely to converge, that the fact that we are here … [Read More...]

Save $18,130.50 on Self-Employment Tax in 2015

Save $18,130.50 on Self-Employment Tax in 2015

July 13, 2015 by Bobby Casey Would you voluntarily invest $18,130.50 per year for the next 15 years with virtually no chance of any reasonable return and a higher than average risk of a total loss? According to the CBO (congressional budget office) the Social Security fund will be exhausted in 2030 unless income exceeds expenditures. That is just 15 years from now. Scary thought. Considering that in the CBO's own report (you can download it here), the fund had a 9% deficit in 2013 and will grow to over 17% annually over the next … [Read More...]

borderless blog interview

Borderless Podcast: Offshore Wealth Secrets

July 8, 2015 Borderless Podcast interviews Bobby Casey, covering various topics of interest to anyone who is looking to internationalize their lives! From: The Borderless Blog w/ James Guzman and Jonathan Lockwood   In this episode we talk to him about the creation of GWP and some of the specific ways that he helps entrepreneurs save money on taxes. There is some very good, actionable information in this one, so get ready to take some notes.   Take your business to the next level with Bobby’s private club GWP In … [Read More...]

Avoiding the USD

Global Response to USD

June 6, 2015 By: Kelly Diamond, Publisher The U.S. dollar has been in more near-death situations than most toddlers. I’m rather amazed at its ability to stick around. I am reluctant to attribute it to sound monetary policy as much as dumb luck considering US success is somewhat based upon the failures of others. At one point, for example, Japan was poised to dominate the global economy in the 1980’s. Then it plummeted into its dark decade. The Euro was supposed to take the world by storm. But the only ones that got rained on were the me … [Read More...]

TPP Free Trade Myth

TPP & Other Free Trade Myths

June 29, 2015 By: Kelly Diamond, Publisher We talk a LOT about free trade and commerce here at GWP. Indeed we are ALL about free enterprise, make no mistake. The less regulation the better, the lower the taxes the better. It is by far the most peaceful means people can connect and move resources. This principle applies to countries as well, albeit under ideal circumstances, governments wouldn’t engage in commerce at all. Still, the “Commerce Clause” of the US Constitution was meant to keep trade between the states regular. Sadly, these … [Read More...]

IRS Filing Offshore LLC

You Lose This 75 Days After You Set Up a Foreign LLC

June 25, 2015 By: Diane Kennedy, CPA There are a lot of good reasons for setting up a foreign LLC. You’ll have some hoops to jump through, paperwork to complete and there are obviously fees you’ll pay to get it done. And then, you transfer your pension or your money and you’re done, right? No! You have 75 days after you set up a foreign LLC to tell the IRS how you want to have it taxed. In the US, when you set up an LLC, there is a default to a flow-through entity if you don’t tell the IRS. For example, a single member LLC in the US wou … [Read More...]

greece running clock

Greece is Running the Clock

June 22, 2015 By: Kelly Diamond, Publisher TICK TOCK, GREECE! TICK TOCK! And so here we are nearing the end of June, and I’m asking myself, “Self, what is going on with our little friends in Greece?” You know what this makes me think of? Those plot lines, where the main character embarks on this series of horrible choices that lands him in greater and greater trouble. Along the way, he is given chance after chance to make right his wrongs. His family and lover all beg him to change, but his pride gets the better of him. So now, our s … [Read More...]

billions wasteful spending

Billions in Wasteful Spending

June 15, 2015 By: Kelly Diamond, Publisher Amazing how easy it is to burn through someone else’s money. By trade, I’m a media buyer. I buy advertising time and space for my clients. I can blow through several hundred thousand dollars without even flinching. I worked on a $42 million account. I managed $20 million in regional allocations. I can and have spent some serious dollars in my advertising career. Principle and profit incentive have me looking for the greatest efficiencies. But in my business, if something doesn’t air because I b … [Read More...]

estonian e-residency

Is the Estonian E-Residency a Bunch of BS?

June 11, 2015 by Bobby Casey Earlier this week I read an article from one of the other offshore newsletter writers titled, “Estonian E-Residency Makes No Sense”. I read a lot of newsletters and articles everyday to keep myself informed about what is going on, as well as others' opinions of the offshore world. The author of this article typically writes some pretty good stuff, but here he is WAY off base. Or at least short sighted in his view. He uses the example of an American man who obtained Estonian E-Residency to qualify for t … [Read More...]

Visa_requirements_for_Panamanian_citizens

Offshore Strategy: Step One

June 9, 2015 by Bobby Casey Nearly every day of the week I get a call or email from readers asking me, “I am just starting out with internationalizing my life – what do you think I should do first?” I cannot answer this question in broad strokes as everyone' situation is different. We consider many options for internationalization like: Opening an offshore bank account Registering an offshore company Setting up an offshore trust or foundation Buying real estate overseas Getting a second passport Getting a second resid … [Read More...]

unsanctioned iran

An Unsanctioned Iran?

June 8, 2015 By: Kelly Diamond, Publisher A while back I did a piece on Somalia. The point of that article was to address some of the mischaracterizations of the country. I’m not in denial that it has its misgivings – all countries do – but since it is often used as a dismissive epithet to people who claim they oppose government interference, it was worth clearing the record. While I’m not suggesting we all drop our stuff and head out there in the name of liberty, it has gone without a formal government since the early 90’s.  It’s only fai … [Read More...]

patriot act expired

Patriot Act Expires, But So What?

June 3, 2015 By: Kelly Diamond, Publisher Parts of the US Patriot Act expired this past Sunday. That doesn’t carry the kind of permanence one might expect when they read the word “expire”. When food “expires” we throw it out and get newer, fresher replacements. When people “expire”, we have funerals and write eulogies. When bills expire, however, it’s just temporary until they can get around to resuscitating it back to life. While I have little respect for our loophole-rich congressional procedures, I would at least expect “expired” bills … [Read More...]