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31
Each state has its own procedures for how to dispose of unclaimed property in bank accounts, brokerage accounts, safe deposit boxes, insurance policies, and the like.
Here is a story from California showing what happens when banks and the state are more interested in not finding owners and beneficiaries:
May
28
Attacks on Gold
Filed Under Asset Protection, Assets, Gary North, Gold, Politics, Terrorism | Leave a Comment
The Next Attack on Gold Has Begun
by Gary North
“When governments want to expand power over the monetary system, they invoke the need to clamp down on money laundering by criminals. There is a problem here. After these laws and new rules are passed, crime never goes down, but our privacy does. That is a problem for us. It is not a problem for governments.”
“When a society’s monetary system is based exclusively on private contracts and voluntary exchange, civil governments find it difficult to make money by counterfeiting. They cannot directly control the monetary system. They can influence it through legislation and the courts by altering what constitutes a legally enforceable contract. The main interference here is a government’s decision to allow banks and private storage facilities to issue receipts – IOUs – for gold or silver that are not covered 100% by the quantity and fineness of the metal promised on the receipt. This violates private contract law. It authorizes fraud. It legalizes counterfeiting. But the government is not helped much by this interpretation of contracts. Banks and warehouse storage facilities are the main beneficiaries.”
My comments:
I have always liked owning gold. The problem is that I never had the same feel for its value when living in the U.S. In countries where gold is a valuable part of life, the value feels more real. Gold should be a part of each prudent individual’s assets. When governments want to prevent you from doing or owning something that does no harm to another individual, ask yourself why. It often means less freedom for you, and more power for the state.
Charles Lamm is a full-bodied scanner and junkyard philosopher whose blogs include the Asset Protection Iron Triangle, Virtual Joe Friday, and Live Free in an Unfree World.
May
17
The $10,000 Atlanta Houses
Filed Under Asset Protection, Assets, Housing, Property Taxes, Real Estate | Leave a Comment
According to Dr. Phil, “no matter how thin a pancake, it still has two sides”.
In asset protection, you have to build before you need to protect. Once you have built up assets, protection gets harder. A clever predator can wipe you out while your assets grow.
A opportunity is developing around the country. What is happening in Atlanta will happen in every major city.
Check this article by Gary North to see if this will be an avenue for you to asset accumulation:
The $10,000 Atlanta Houses
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