Internal pressures in the US threaten privacy for all

Slowly but surely, one by one, traditional secrecy jurisdictions like Panama, Cayman Islands, and British Virgin Islands have succumbed to international criticism regarding the anonymity that the laws of these countries provide to citizens all over the world. Many destinations once known for providing privacy to individuals forming offshore companies have caved in the face of pressure stemming from negative media coverage, taking away some of the rights they once protected.

While others have acquiesced, under the infallible justification of countering terrorist financing and money laundering, many look to the US as a stronghold of privacy. Most states in the US have no ultimate beneficial ownership requirements, making it one of the most attractive places to form corporations like Limited Liability Companies and US trusts. Nearly two million business entities are formed in the US each year for individuals all over the world who are seeking refuge from corrupt regimes, security for their families, and the universal right of privacy.

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What I did while on Ambien

I thought Ambien would help me sleep. Instead I urinated all over my computer. I spoke with pirates. I rode my mattress like a flying carpet having an air race with my imaginary friends. Those are just a few of the things the sleep deprived have reported while on the popular sleep medication Ambien. In fact there are so many bizarre stories about Ambien use it is one of Reddit’s most popular online discussion boards.

http://nymag.com/selectall/2017/02/things-you-did-on-ambien-is-reddits-best-subreddit.html

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Discipline, Meditation, and Psychic Powers

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I’m compelled after receiving so many phone calls yesterday from clients and friends to write what I believe may be my most important post.

Markets globally plummeted yesterday. Some of you spoke to me Sunday night when I had cancelled social engagements to stay at home, make some popcorn, and watch the financial fireworks as Asian markets opened. When markets imploded in the U.S. Monday morning the first message I received was “You are f*cking psychic!” Ok well yes I am and I’ll talk about that in more depth in a moment because everyone is psychic they just don’t know how to use it.

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The Hangover Starts Tomorrow

If you haven’t seen the movie series the Hangover and in need of a good laugh I suggest renting any of them on Netflix right away. The series is essentially about some buddies that party way too hard during each other’s bachelor parties and wake up the next morning so hungover they have to peace back together what happened to them the night before. Read more

Is Oil About to Drop Massively?

By all accounts there is simply too much oil being produced right now and its showing up everywhere. Saudi Arabia is pumping barrels like there is no tomorrow, Qatar is doing the same, Iraq has raised its production and most importantly Iran could be shipping globally again any moment. Read more

It’s OFFICIAL Greece is financially on fire!

 

When I was a kid one of the first things my father said I needed to understand about life was that governments lie. I was so young when he first told me this I could not at all understand why a government would lie nor what impact their lying would have on their own citizens and those of other countries. As my career in finance and study of economics and history deepened I realized he was right. It seems to be in the DNA of governments to lie and make promises they cannot possibly keep. Read more

Is Miami real estate in a bubble?

We live in Miami and the one question we get from investors all over the world is “should I invest in Miami real estate?” Our go to response is that we don’t advise on real estate investments. As of late this doesn’t seem to satisfy anyone. Clients want our view. Clients want to know if we own Miami real estate and if so where and why. Ok so we surrender! You asked for our opinion so we’ll give it to you.

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EURGRD The FX Pair Everyone Should be Talking About

As I write the powers that be in Brussels debate Europe’s future and how Greece plays a role in it. There has never been a question in our mind as to whether or not Greece will leave the EU, it has always been a matter of when. Will that be today? We’ll soon see. Either way its time for markets to start thinking about the implications on FX rates and specifically the soon to be reintroduced EURGRD rate. Read more