Cyprus's Offshore crisis

It's just one more Euro country that rolled over and died.
That especially stupid Mickey Mouse money will kill a few more before it's done.

This concerns me a great deal.  I have a lot of money offshore.  It's buried in a sock just off shore.

mas fred wrote:

That especially stupid Mickey Mouse money will kill a few more before it's done.

I actually have some Mickey Mouse money.

HaileyinHongKong wrote:

https://lh3.googleusercontent.com/-PPx8 … ollars.jpg

The D Dollar has a fixed value, based on a sound financial base.
The Euro was just a fix, based on lies and daft political ideals that required bad maths to back it up.

I've recently lost a little bit of money off-shore. Misplaced a banknote worth Ten Brazilian Reais (R$10) while I was giving classes on one of the Petrobras oil platforms. Not too upset because the helicopter flight out there and back was a blast!

Why is Marlon Brando on your money?

I think it was because Clark Gable wasn't available to pose for the artist, due to other commitments.

Control yourself, Hailey!

Come on now Gordon don't pick on the girl, you really have to admit it kind of does look a lot like Marlon! hahahaha

But really, I haven't got the first clue as to who the portrait (statue) is of or why it's on the Brazilian currency... guess that's something I'll have to check on since I'm Brazil Animator.

Seriously speaking though, which both Hailey and I aren't noted for, your article was very interesting. Even if I'm just an old pensioner without two cents to invest or deposit in offshore accounts. Keep up the good work.

Cheers,
William James Woodward - Brazil Animator, Expat-blog Team

The woman portrayed on the Brazilian currency is Semiramis, the legendary queen of King Ninus, succeeding him to the throne of Assyria. Ancient Babylon

Somehow she became the symbol of the Republic in Brazil... go figure!

Cheers,
William James Woodward - Brazil Animator, Expat-blog Team

I've been accused of being Babelonian once or twice.

Wait, that's a woman?

I haven't been accused of it... I just BABBLE-ON

Hi Gordon, I know you from International Man forums (Doug Casey's site)

Good article.

I got burned in Cyprus but unfortunately I did not qualify for the free citizenship for loosing 3 million Euros.

You should have just given me the 3 million.  I can't give you any citizenship either.

No HaileyinHongKong I did not loose 3 million Euros.

The Cyprus government is giving away citizenship for people who lost 3 million Euro in the great bank account confiscation.

I have my money spread out in multiple jurisdictions.

Only lost a few thousand dollars in Cyprus banking.

So for only 3 million euros someone can become a citizen of a country that went broke?

Actually I believe it is 3.5 million euros.

But yes if you got 3.5 million euros yanked out of your Cyprus bank account, you will also get a Cyprus passport.

Wouldn't it be better to spend money in a country that has money?

They had money four years ago.

HaileyinHongKong wrote:

Wouldn't it be better to spend money in a country that has money?

I had money 4 years ago.  The funny thing is, if I tried to get a loan, the bank would look at how little I have now.

Well, I am out a few thousand dollars. No big deal.

Live and learn.

Not to worry Hailey, you will be rich soon enough.

Then you will see what a minefield asset protection is.

HaileyinHongKong wrote:

I had money 4 years ago.  The funny thing is, if I tried to get a loan, the bank would look at how little I have now.

I don't want to be rich.  I want to stay happy.

Happiness is a conscious choice that people make.

It has nothing to do with money.

HaileyinHongKong wrote:

I don't want to be rich.  I want to stay happy.

And yet so many people make themselves unhappy chasing money.

HaileyinHongKong wrote:

And yet so many people make themselves unhappy chasing money.

Cash won't make anyone happy but it can take away worry.

That right there is the problem.

They see money as the goal. It is not the goal. Money is the tool.

The goal is to find your gifts/quest/purpose and express it.

If you live your dream, the money will find you. Don't worry about it, it will show up.

Not really about Cyprus banking though.

HaileyinHongKong wrote:

And yet so many people make themselves unhappy chasing money.

I've heard that although money isn't everything, it's a long way ahead of whatever's in second place.

That's what they tell me too Gordon. Couldn't say for sure since in my position I'd even settle for what's in third place.

Cheers,
James

Money is a drug.  The more you have, the more you want.