Texas as a Safe Haven Nation, Magnet For Wealth Preservation

(Editor’s Note: I ran this article back in October 2009, but have updated it with new information.)

The famous (and very accurate) trend watcher Gerald Celente has written about the concept of Safe Haven Nations (SHNs). A SHN is simply a sovereign nation that has implemented laws that protect the wealth and privacy of individuals, and is a place to which people could relocate.

Wealthy people worldwide are constant prey for rapacious predator governments. The wealthy are easy targets, since most everyone wants to be a wealthy individual, but many who are not wealthy resent them. And, with predictable regularity, governments create class warfare and class envy, so the lower class supports the government’s efforts to confiscate the assets of the wealthy class.

Wealthy people worldwide are also on the lookout for venues where they can store their wealth securely. Used to be that Switzerland was the “gold standard” of wealth preservation and privacy for the world. But recently, the US and EU governments went after the Swiss, and Swiss bank UBS agreed to disclose the identities of nearly 5,000 American citizens who have secure bank accounts in Switzerland. My understanding is that this disclosure violates Swiss banking law, but they are doing it anyway.

Wealthy people are often willing to relocate to another nation when they are forced to save their own lives. Sometimes, the wealthy have to leave mansions, bank accounts and other assets behind in a predator nation just to save their own skin. Recall Captain Georg von Trapp and the movie “The Sound of Music.” They did not actually walk out of Austria to escape the Nazis, but fled to Italy by train. But ask others from Vietnam, Iraq, Germany, South Africa and Rhodesia (Zimbabwe) about leaving with nothing but the clothes you are wearing.

In the event of a complete collapse of the dollar and the financial tsunami that will wash over the world, immigrating to a new country may be quite difficult, perhaps even impossible. Predator nations will do everything that they can do to prevent capital flight and may even prohibit emigration. Borders may seal tight and travel may be severely restricted.

Texas secession and the formation of a New Texas provides an historic opportunity for Texas to become the newest and most secure Safe Haven Nation. The people who will craft the new constitution for a New Texas should look to the banking and privacy laws of the nation of Lichtenstein for a template.

Nations like Panama, which has outstanding Safe Haven laws, are attracting wealth from all over the world. Others are:

Singapore
Hong Kong
Anguilla
The Bahamas
Bermuda
St.Kitts/Nevis
Cayman Islands
Isle of Mann

The problem with the list above is expatriation. These are islands and entities of small geographic size. Many have very restrictive immigration laws. So, they are limited on how many people they could allow to immigrate to their shores. Texas, however, is immense. And with an immigration policy based on the free market, a New Texas could become a worldwide magnet for wealth…and wealthy individuals.

Immigration law will have to be enacted that offers a procedure for an expatriate to either gain dual citizenship or individual citizenship through a fee arrangement. Many other nations will allow dual citizenship when an applicant deposits money in a bank in that nation. Some nations require deposits in the hundreds of thousands of dollars.

The most important single act that the government of the New Texas can do is to create a monetary system of only precious metals-backed currency. Then, they must couple that hard-money decision with competition in currency, which allows for the private minting of gold and silver coins. Texas Congressman Ron Paul has introduced a bill in Congress (HR 4248) that would create just such a system…although it has no chance in hell of passage.

But in a world where all the other nations print bogus currency, one nation with sound money would be an asset magnet for the world. Think about it. If inflation worldwide steals your buying power, but New Texas money at least protected the value of your cash, how could you go wrong by holding New Texas gold or silver money?

There is a glimmer of hope, though. The nation of China, the leading economy on the planet, recently began encouraging its citizens to invest in gold and silver. China’s government may be using this initiative to create a precious-metals-backed currency entirely under the radar. They might be planning to have the Yuan take over as the new reserve currency for the world. To view a 6 minute video about this story, go to: Secession, China and Gold Money.

If a New Texas has no income tax, no property tax and no inheritance tax, that will be a good start. But it will need to go further to attract wealth from all over the globe as a Safe Haven Nation. Banking law will need to protect the identity of anyone depositing assets in Texas. Texas will also have to refuse to enter into tax treaties with other nations, and then withstand the enormous pressure they bring to bear to comply.

Tax fraud is misleading a taxing entity and should be illegal. Tax evasion is the failure to declare assets, and is open to interpretation these days. Tax avoidance uses lawful means to minimize the amount of tax paid to any taxing entity. Many nations wish to blur the lines between tax evasion and tax avoidance. Texas should promote tax avoidance while offering absolute secrecy for individuals and corporations.

Texas should also create a constitutional law that provides for corporations to have bearer shares and no-par-value shares, as well as to operate with one director, who may also be the secretary, and who may reside outside of Texas. While annual meetings may be held anywhere, a registered office and agent must be in Texas, but no information concerning shareholders or directors needs to be disclosed. The minute book, resolutions, seal and shareholder register must be kept at the registered office. Most SHNs have these laws already.

If you are seeking a Safe Haven Nation, you might consider moving your wealth and your family to Texas now. Texas as a US state is the leading economic engine of the USA. Very pro-business, very independent. Lots of wealth already there. If any state of the Union is going to successfully secede, my money’s on Texas.

If you see the writing on the wall in your country (or state), and know that you must expatriate to a new country, the time is NOW to begin preparations. Your plans must be in place and executed before a meltdown in your country or state occurs. After the meltdown, it might be too late. You may become an inmate of Prison Planet.

Secession is the Hope For Mankind. Who will be first?

DumpDC. Six Letters That Can Change History.

© Copyright 2010, Russell D. Longcore. Permission to reprint in whole or in part is gladly granted, provided full credit is given.

3 Responses to Texas as a Safe Haven Nation, Magnet For Wealth Preservation

  1. […] as a Safe Haven Nation Posted on February 20, 2010 by Bill Miller This article by Russell D. Longcore on DumpDC.com Texas secession and the formation of a New Texas provides an historic opportunity for Texas to […]

  2. seadragonconquerer says:

    Fascinating. Let us assume that, after the collapse of our debt-saturated, pyramid scheme economy and the attendant collapse of the ZOG – I’m betting around mid-2012 – Texas successfully secedes from the USA. Then What? Texas has, or soon will have, a majority Mestizo+Black population. Just how do all you Implicit White Communitarians plan to fend off annexation by Mexico, a nation that (unlike us) has no plans to disintegrate, but rather, expand. Nuclear deterrance? Let me know when you get this particular issue figured out.

  3. Nigerian Entrepreneur says:

    I thought it is only in Naija that we are having leaders that are leading us into more and more debt as they print paper money that is not backed by any real tangible asset. This piece has been a great read. thanks for sharing.

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