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Pachamama
(17,194 posts)
Pachamama
(17,194 posts)Not “Offshore” nor ever described that way - even tax returns ask about Foreign accounts
58Sunliner
(5,189 posts)Yes, you have to report assets held in foreign accts. The difference is some banks make it very difficult for the US to seize your assets.
Wuddles440
(1,620 posts)I was considering Canada but any 'stable' country may be a possibility.
Pachamama
(17,194 posts)All reputable banks
Wuddles440
(1,620 posts)I would have never even remotely considered Deutsche Bank and possibly Credit Suisse, but now any past transgressions need to be set aside for practicality.
Pachamama
(17,194 posts)I meant in terms of having a deposit safe and stability
58Sunliner
(5,189 posts)in2herbs
(3,464 posts)his money off shore and follow his lead.
Think about it: the FDIC only insures up to $250,000 in your account. There's not enough separate banks so the oligarchs have to be parking the bulk of their assets off shore. Is their money in these accounts what is propping up bad actors in foreign countries?
Edit: typo 45, not 46
Pachamama
(17,194 posts)I have residences in these countries where I have bank accounts
That is why I asked you to clarify your question
leighbythesea2
(1,253 posts)To open a Swiss bank acct.
But the person did not say I needed citizenship.
He said fly there & do it. (Long before internet banking was available).
Can US citizens do it?
Deep State Witch
(11,623 posts)The fact that they want to get rid of the FDIC has got me totally freaked out. My mom worked in banking. I remember her telling me what that acronym meant, and why it was so important.