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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: grusum who wrote (32742)	7/2/2010 11:56:37 AM
From: Copeland	1 Recommendation Read Replies (1) \| Respond to of 103300

My brother currently lives in Europe. His clients, largely ex-pat Americans, are finding it getting increasingly difficult to keep their bank accounts open, much less opening new ones with European based banks. If you have an American passport, you've become essentially client non grata. Your best bet is to try to convert your assets into something tangible and difficult for the government to "reallocate." Precious metals, obviously, come to mind, especially if they continue to correct as the deflation scenario has once again reared its ugly head. Farmland, for the tax breaks, is also another good idea. I know of a few friends that are busy cashing out their 401Ks and IRAs now, despite the massive penalties associated with that, because of fears of loss of control and increasing taxes.