canuckoverseas

They are giving 4% on USD accounts here in egypt. .

Yes, they are desperate.

Hehe, he better hope he never pisses off the wrong person in Cambodia, could get ugly real quick

So someone is smart enough to set up a 'legit' business with big cash turn over...yet not smart enough to figure out what to do with it? If serious, only truly safe place is an offshore account.

As for emergencies, what are you preparing for, the apocalypse? Most one needs is $1000 in cash hidden somewhere safe, then a major credit card. Local banks are risky, what if you get kidnapped? They'll torture the pin number out of ya. Happens all the time in Africa.

That YouTube just confirms, there are a lot of gullible dopes out there....same people who feared the millennium I suppose.

Unless you're a YouTube super star raking in thousands a month...why complicate matters by asking about taxes? No good deed goes unpunished. Just keep a low profile about your 'business' and as others have said, there is always someone watching, can't be too careful, at the end of the day you are guest in the country. And if you have psycho neighbours, consider finding new digs.

Stash it behind the bar fridge... Behind the air conditioner vent.... Inside the toilet.... Behind the closet.... Get creative.

IMO The best thing Thailand could do now is spend whole-hog on massive infrastructure projects in the order of trillions of baht. This will weaken the baht making exports and inbound tourism more competitive, while at the same time strengthen vital infrastructure which will be needed by the increased exports facilitated by a lower baht. gasp....

Have you ever thought that the Thais in power don't want tourists?

They are the ones earning millions of baht, have kids studying overseas, and investing in property overseas.

Thats the case I was making in post # 31 in

Baht Remaining Strong thread. They benefit from a strong baht and are in a position to influence the

Bank of Thailand monetary policy.

This system running in USA for decades already the powerful ppl over there making the money politics and full influece the politics in general.

The politicians in USA are only puppets on the string of these ppl, like Rothschild, Rockefeller, Vanderbilt etc.

Poor deluded Europeans. Euro economy is a disaster and you blame the US? The very country leading the world out of the current doldrums? My advice, invest in USA, can't go wrong.

Deposit money into a bank and they charge you for the pleasure? Why would anyone do this?

Why would anyone turn dollars into euros right now? The euro is crumbling, the dollar is surging. Put it in a safe deposit box in your home country, probably the safest place.

If this is play money, by all means invest it and take the risk. If this is your bread money, meant to keep a roof over your head, keep it as safe as possible. Preferably in a bank offshore with stellar reputation, or just leave it in the UK.

Tape it your body, it will itch after a few hours, but you'll avoid the nuisance of declaring anything.

....lol, what are you a mule?

Hmmm, pretty sure those Ukrainians are buying dollars. Can't buy anything with yellow rocks.

Gold almost back to its 52 week low, but hey you never know.

Cost differential is another term

Is Russia Planning a Gold-Based Currency?

http://mises.org/library/russia-planning-gold-based-currency

I'd guess Russia will be trying to trade for anything in exchange for their increasingly worthless ruble. I suppose Venezuela will be next to convert to gold?

Why fight the Fed?

All the jersey banks have been doing this, has to comply with new regulations, for tracking money laundering/terrorism ect....

Good luck with that 'bet', fundamentals of the US economy are far better than China.

US economy is recovering just fine, USD surging, stocks doing great, nothing to complain about.

And don't worry about the next election, Hillary has it in the bag

Couple of things:

- USD is at a four year high

- US stock markets are breaking records

- US economy is growing, unemployment at 6 year low and falling

-US is now the top oil producer in the world

- US also investing heavily in renewables.

So obviously, the US must be doomed.

So, considering oil and gold will continue to slide, if your a country like Russia with huge sanctions and a collapsing economy, buying gold is about all the oligarchs can manage.

Offshore banking just isnt as profitable as it used to be, many are closing down and under increasing scrutiny. Perhaps that has something to do with the heightened deposit requirements. Santander raised them a few years ago after phasing out abbey. Anyway, they keep the money safe, can't expect much more from them unless your talking about millions.

Our card was frozen by santander jersey (offshore) last week , their explanation was that every 2 years they do a check of address and source of income. Had to fill out some papers and courier it off, with hope everything will be back to normal by Friday. same old reasons, tighter scrutiny over tax evasion, terrorism, ect.... Lesson is, always have a backup account !

Wait for the trapezoid.

A fool and his money.....

Yea, forgot to mention I'm Canadian. Incidentally, it's relatively easy to become one, we're practically American anyway

Regarding Tanzania, I lived there for 3 years.... The country is full of scammers, I sure wouldn't be putting any money in a bank account there! They had a socialist revolution for 30 years and never quite recovered. On the other hand, Kenya has much better infrastructure, and since they have discovered oil, their economy is growing quickly, their laws also make it more straight forward for foreigners to invest. For example, foreigners can own freehold property in Kenya.

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