Swiss America Press Releases


SWISS AMERICA RELEASES THE 2016 GOLD REPORT: GLOBAL EDITION

gold report 3.21.16 - Phoenix, Arizona - Swiss America Trading Corporation, a Phoenix based private investment firm that specializes in the security, wealth protection, and profit potential of precious metals; has just released The 2016 Gold Report: Global Edition.

The 2016 Gold Report is a topical examination of the world's risk-ridden global economies and gold's resurging role as an essential store of value. Offering an in-depth exploration of global GDP, negative interest rates, China's slowdown, and the mounting central banking crisis --- the report maintains that 2016 is a pivotal year for diversification and safe haven allocations.

"Our new Gold Report highlights the dramatic events that are taking place in international banking, lending and borrowing and their impact on our personal assets," states Dean Heskin, CEO of Swiss America. "Today's marketplace is highly interconnected and the breadth of the current economic crisis underscores the need for global asset protection."

The 2016 Gold Report explores a variety of global trouble spots including international stock volatility, the European debt crisis, slumping oil prices, rising capital outflows, and dire GDP forecasts. All of this translates into portfolio vulnerability. The report includes an exclusive "Global Risk Test" which helps gauge financial security in the global marketplace via a simple Q&A about liquidity, diversification, global purchasing power, intrinsic value and other areas highly correlated to economic risk.

"It's important to remember that this not your father's investing climate. The financial world is radically different than it was twenty or thirty years ago. We all need a 2016 financial portfolio and nothing makes that more clear than our Global Risk Test," adds Heskin.

With the uncertainty of a presidential election, a dovish Fed, increased monetary easing across Europe and Asia, world banks on the brink of meltdown, and ever-growing terror threats ---- 2016 is shaping up to be a critical year in investing. The new report underscores how gold has become one of the biggest winners of the year and its importance as a tangible alternative to all those wealth-tapping market events that often happen half a world away and well beyond our control.

The 2016 Gold Report is a complimentary publication from Swiss America and is part of the company's ongoing commitment to help investors make informed decisions to keep their money safe in a dramatically changing and volatile world.

The report is available via an Instant Download at www.2016GoldReport.com or by calling Swiss America directly at: 1-800-289-2646.

Swiss America Trading Corporation was founded in 1982 by Chairman Craig R. Smith and has grown into one of the largest and most respected asset protection firms in the industry and one dedicated to helping consumers navigate the dynamic trends that impact their savings and retirement accounts in an ever changing world.


Swiss America Releases 2016 World Money Report

World Money Report 3.2.16 - Swiss America Trading Corporation, a Phoenix based private investment firm that specializes in the security, wealth protection, and profit potential of precious metals; has just released its 2016 World Money Report.

Swiss America's new 2016 World Money Report is an insightful study of economic globalization with particular emphasis on the US dollar's diminishing role as the world's reserve currency. It explores currency manipulation and how paper money is used as a competitive weapon in the world marketplace.

"This is an important read for anyone holding dollars in a savings or retirement account," states Dean Heskin, CEO of Swiss America. "It underscores the changing climate of global money and what that means for the average investor."

The 2016 World Money Report surveys the volatile euro, the rising yuan, as well as the global ambitions of China, Russia and Iran in abandoning the US dollar in bilateral trade. This, along with overtures from both the UN and the IMF, suggests that an entirely new reserve system may soon be on the horizon.

"New geopolitical forces are changing how the world does business and investors need to prepare for a post-dollar era," adds Heskin.

In a time of increasing economic integration, the consequences of growing multi-national interdependence with respect to trade, capital, and currency are dramatically altering the investment landscape. This new report offers important insights on the evolving new world order and the fiscal impact on Wall Street, the Fed, the dollar, lending, manufacturing, and banking.

The eye-opening study also exposes America's squandered privilege as decades of out of control spending, costly wars, hefty entitlement programs, and loose monetary policy have eroded confidence in US currency and American fiscal leadership.

The 2016 World Money Report is a complimentary publication from Swiss America and part of its ongoing commitment to help investors make informed decisions to keep their money safe in a changing world.

The report is available online at http://www.2016MoneyReport.com or by calling Swiss America directly at: 1-800-289-2646.

Swiss America Trading Corporation was founded in 1982 by Chairman Craig R. Smith and has grown into one of the largest and most respected asset protection firms in the industry and one dedicated to helping consumers navigate the dynamic trends that impact their savings and retirement accounts in an ever changing world.


THE 'SECRET WAR' AGAINST CASH EXPOSED: New White Paper by Craig Smith & Lowell Ponte

secret war 6.16.15 - American life, liberty and wealth are at risk today as never before according "THE SECRET WAR: What the 'War on Cash' Is Doing To Your Income, Savings, Life and Liberty, And How To Survive It," a new White Paper by Craig R. Smith and Lowell Ponte.

Citizens are being pushed by Big government and Big banks to voluntarily abandon cash for the greater 'convenience' of a cashless future.

Smith and Ponte predict, "Cash will eventually be outlawed or restricted, with capital controls already coming down hard in Sweden, Denmark, France, Greece, and many other places."

America's central bank, The Federal Reserve, now finds itself painted into a corner, having used up its bag of monetary tricks.

"Like an addictive drug, its fixes of money no longer stimulate. Its debt manipulations such as Quantitative Easing no longer work," write Smith and Ponte, authors of DON'T BANK ON IT!

In THE SECRET WAR Smith and Ponte reveal, "Our government has also made it more risky to carry cash because of their growing use of asset forfeiture laws."

"A larger, logical government motive in going after cash is tax evasion. A 2011 study by Edgar Feige of the University of Wisconsin-Madison and Richard Cebula of Jacksonville University in Florida concluded that between 18 and 19 percent of total reportable income in the United States is effectively off the books, hidden from the government," Smith and Ponte wrote in their 2012 book The Great Debasement: The 100-Year Dying of the Dollar and How to Get America's Money Back.

"Operation Choke Point" targets 30 types of business it associates with "high-risk" banking. The government's message: "Cash is risky" and makes you a target of law enforcement officers.

"Cash can be killed or made impractical in other ways," write Smith and Ponte, "such as currency inflation and a new 'Carry Tax' on cash that would serve as a powerful deterrent to hoarding currency."

"The Federal Reserve compounds the punishment of savers with their policy of 'financial repression,' which guarantees savers in America today lose part of the value of their savings every day they keep cash in the bank."

In THE SECRET WAR Smith and Ponte convincingly argue, "Americans are being systematically herded into higher risk investments full of moral hazard - especially the stock market."

The "War on Cash" is also an ideological war, according to Smith and Ponte." A despotic attack by the ruling elites on the personal privacy and liberties of their citizens." They conclude, "In a cashless future, it will be harder for an ordinary petty thief to rob you, but much easier for the government to rob you."

Learn how to protect your hard earned savings while you can by taking a few simple steps explained in THE SECRET WAR.

To schedule an interview with Craig R. Smith or Lowell Ponte, contact: Bronwin Barilla at 800-950-2428 or email bkbarilla@dontbankonitbook.com.


CASH AND CARRY: It Is Now Against the Law to "Almost" Break the Law

by Craig R. Smith & Lowell Ponte

dont bank on it 6.5.15 - How much cash can you now withdraw from your bank and carry in America without risk of being arrested, or of having your assets seized, merely for possessing money in this liquid form?

The ominous answer is that carrying even one dollar in cash might give the government a pretext for such actions.

Once upon a time, this question usually mattered only at the border. People were required to declare if they were carrying more than $10,000 in cash or negotiable instruments when entering or leaving the United States. Failure to make a truthful declaration to U.S. Customs can result in the forfeiture of the money a person is carrying.

Today, because of anti-racketeering RICO statutes and the 2001 Patriot Act, your bank is required to notify the Federal Government if you deposit or withdraw $10,000 or more in cash. In effect, your bank is required to spy on your financial life in this way for the government.

Former Republican Speaker of the House of Representatives Dennis Hastert was surprised when his bank asked him to explain why he had made several $50,000 withdrawals. It used to be that what you did with your money was not the bank's business.

Hastert, ironically, helped pass the Patriot Act and should have been aware of this trap he helped make into a law that can now ensnare millions of us.

After being questioned by his bank - the kind of event we describe in detail in the Introduction of our 2014 book Don't Bank On It! The Unsafe World of 21st Century Banking -- Hastert reportedly then began making smaller withdrawals, at least 106 of which were for cash amounts of less than $10,000.

Hastert apparently did not know that the government has also created an almost Orwellian crime called "structuring" that allows the arrest or asset seizure of those who deliberately deposit or withdraw less than $10,000 with the "intent" of evading this reporting limit.

So it is now against the law to "almost" break the law. What's next? The IRS penalizing you for "structuring" your spending to evade taxes by giving enough to charity to fall into a lower tax bracket?

Under these laws, according to The Atlantic's financial reporter Conor Friedersdorf, even a person who engages in structuring out of "a simple aversion to being monitored," despite having no intention of using the money for an illegal purpose, is committing a crime. He worries that making it a crime to try avoiding government surveillance "risks criminalizing harmless behavior."

Hastert was reportedly withdrawing huge amounts as hush money to pay off a blackmailer. Nobody believes that Mr. Hastert is a terrorist or racketeer, and no one doubts that he legitimately earns and owns the money he was withdrawing. He nevertheless fell into a legal snare and further entangled himself by telling FBI agents that he distrusted the bank and had kept the money himself; lying to the FBI is itself a serious crime.

The agency that enforces these rules, according to the New York Times, is FinCEN, the Treasury Department's Financial Crimes Enforcement Network. FinCEN, among other things, has built a capability to monitor internationally your declared taxable earnings and compare them with your lifestyle spending as a way to catch tax cheats.

Peter Djinis, a lawyer expert in money laundering laws who used to be a FinCEN executive, told the Times that it is "not unusual" to prosecute for structuring those who have committed no other provable crime.

"In many cases, the most attractive route to take when you can't prove the underlying crime is to go with the activity that's in front of you," Djinis told the Times. This implies that for you to use your money without government knowing where the money goes is a crime. In other words, old-fashioned financial privacy with your own money is becoming a crime, as we explore in our latest research paper, The Secret War, and in our forthcoming book this summer, "I Have Seen The Future…And It Looks Like Baltimore."

The real crime that government seems to care about is not racketeering or terrorism, but tax evasion. And the growing use of asset forfeiture in such cases has become even easier than taxation as a source of big revenue for growing and hungry governments. If found guilty of structuring, Hastert might face fines of millions of dollars, and so might an extortionist who failed to pay taxes on the estimated $1.7 Million Hastert paid.

Banks are now required to report not only your cash transactions of $10,000 or more - but also any financial activity of yours in cash, however small, that the bankers deem "suspicious" or "unusual."

President Barack Obama's Justice Department has also given your banker a long list of "risky" enterprises under what it calls "Operative Choke Point." Banks are expected at the first sign of "suspicious" business activity to shut down that business's checking and savings accounts.

Operation Choke Point has no need to prove criminal wrongdoing by any business. It merely leans on banks to close their accounts, which would make it difficult for many to remain creditworthy and stay in business. It is a way to shut down politically incorrect businesses via political and regulatory pressure on banks. As you might have guessed, the list of ideologically-targeted businesses includes sellers of firearms and ammunition, an Obama bête noire.

If forced out of local banks, such enterprises might have to operate in cash to stay in business. But if they operate in cash, they become easy prey for local, state and federal asset forfeiture. Under such laws, the government can seize a business's assets by charging the assets themselves as accessories to criminal activity.

If you were charged with a crime, you would have legal rights and a presumption of innocence. Under many asset forfeiture laws, the thing charged may be a pile of money that itself has no legal rights.

For those whose business working capital has been seized under such laws, the burden of proof is effectively shifted to them to prove that their money is lawfully theirs and has never been used in criminal activities.

This can be a challenge, as we noted in our 2012 book The Great Debasement: The 100-Year Dying of the Dollar and How to Get America's Money Back:

"Merely doing transactions with $100 bills, the standard currency of illicit drug dealers, can attract government attention," we wrote. "The law has authorized the asset forfeiture of objects carrying detectable traces of cocaine, however small, which reportedly is the case with as much as 90 percent of U.S. currency notes in circulation. This law has been used to confiscate currency on these grounds."

In other words, 9 of every 10 bills in your wallet have detectable traces of an illegal drug, and this gives government the authority to confiscate those bills - and probably to forfeit any other cash they have rubbed up against. -- and possibly to confiscate your wallet itself. But for all intents and purposes the government has already stolen your wallet.

The original $10,000 reporting limit on your bank has not changed since 1970, writes New York Times financial reporter Josh Barro, even though inflation since then has reduced the purchasing power of today's $10,000 to the purchasing power of a mere $1,640 in 1970 dollars.

By NOT adjusting this law for inflation, the government keeps making the real dollar trigger for reporting your transactions smaller and smaller….today, in effect, $1,640 or less in real constant dollars.

Today a $100 bill has a lot less buying power than a $20 bill did in 1970. Clearly the American people have been robbed through the deliberate debasement of our money - but our government is too busy forfeit-seizing the assets of little people to handcuff the politicians who are looting American earners and savers.

The government's aim in indicting former Speaker Hastert may be to discourage people from withdrawing and using their money as cash -- in the same way the Internal Revenue Service accuses a few movie stars or business executives of tax evasion during the weeks prior to April 15th in order to frighten taxpayers.

The larger lesson we should learn is that banks that spy on us for the government -- and paper dollars whose value keeps declining -- are no longer the safest ways to secure what you have worked so hard to earn.

Don't Bank On It! shows 20 major risks your bank account faces, as well as a variety of better, more secure ways to protect your assets.

To schedule an interview with Craig R. Smith or Lowell Ponte, contact: Bronwin Barilla at 800-950-2428 or email bkbarilla@dontbankonitbook.com.

------------------------------------

Background Sources:

Josh Barro, "When It's a Crime to Withdraw Money From Your Bank," New York Times, June 5, 2015.

URL: http://www.nytimes.com/2015/06/06/upshot/when-its-a-crime-to-withdraw-money-from-your-bank.html

Conor Friedersdorf, "Why Is It a Crime to Evade Government Scrutiny?" The Atlantic, June 2, 2015.

URL: http://www.theatlantic.com/politics/archive/2015/06/when-evading-government-spying-is-a-crime/394640/

Craig R. Smith and Lowell Ponte, Don't Bank On It! The Unsafe World of 21st Century Banking. Phoenix: Idea Factory Press, 2014.

Craig R. Smith and Lowell Ponte, The Great Debasement: The 100-Year Dying of the Dollar and How to Get America's Money Back. Phoenix: Idea Factory Press, 2012. Page 219.


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