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By Ron Holland
Many governments, politicians and financial centers competing with Switzerland regularly attack the independent, freedom loving Swiss because this alpine financial center is home to almost $4 trillion dollars in secure, private wealth. Back during World War Two, Adolf Hitler stated, "The Swiss are the most despicable and wretched people, mortal enemies of the new Germany".
His hate-filled description of Switzerland was made when he was considering invading the heavily armed but neutral nation. We all know our history and how that turned out.
Still, today almost 70 years later, I´m sure his sentiments, albeit in a more politically correct manner, are echoed privately by many major world politicians as they threaten, blackmail and somehow attempt to blame Switzerland and its respected banking industry for their revenue shortfalls. This link: http://www.cnbc.com/id/31602637 in reference to UBS stands testimony to the fact that the attack on UBS has little to do with adherence to US law. It´s about a US fiscal budget completely out of control, and a small alpine country that does not suffer from the same diseases.
Switzerland may be the most hated nation in the world by politicians, bureaucrats, lawyers and tax authorities, but can anyone remember how the old saying goes: "the enemy of my enemy is my friend"? And Victor Hugo could be right: "In history, Switzerland will have the last word".
Productive individuals around the world who prefer limited government and honor private property rights view Switzerland very favorably. The Swiss government is a shining example of how a decentralized confederation government -- one that still respects individual and cantonal (states rights) -- can create one of the highest standards of living in the world.
Last week on CNBC, they picked the top ten destinations of choice for successful, wealthy people to reside in. See more at this link: www.cnbc.com/id/31524931?slide=11. It is no surprise that Switzerland came out first overall and was highly rated in the following categories: education for children, economic and political stability, legal considerations, convenience and cultural/infrastructure sophistication. America did not place in the poll for obvious reasons.
The truth of the matter is that many investors prefer Switzerland and the Swiss franc, while most governments do not. Politicians and others out to plunder the private wealth of productive citizens look at Switzerland´s time-honored traditions of independence, financial privacy, and limited government as obstacles to their pillage and looting. Lawyers, especially in the US, despise Switzerland due to their acclaimed asset protection features built into Swiss insurance and annuity products through ironclad Swiss insurance regulations.
This small country is loved by her patriotic citizens and by knowledgeable world investors who choose Switzerland and their financial management expertise -- together with the Swiss franc and Euro -- as the currency and jurisdiction of choice for their personal safe haven of wealth.
Political dissidents and over-taxed citizens around the world also appreciate Swiss political neutrality and the importance of Swiss banking integrity. Wealthy citizens hounded by unscrupulous lawyers and corrupt legal systems that often determine guilt by one´s ability to pay, appreciate Switzerland´s respect for private wealth and its honest legal system, which has little in common with the lawsuit-mania driven U.S. court system.
Other central governments and political establishments that over-tax and over-regulate their citizens despise Switzerland´s confederation form of limited government. The Swiss practice of armed neutrality is often an embarrassment to governments, such as Washington, that attempt to enforce foreign policy through armed intervention and invasions around the world.
Recently, I had the opportunity to visit the Bundesbrief Museum in Schwyz, Switzerland, where in 1291, the first three Swiss cantons formed the Swiss confederation for defense purposes against foreign invaders. This Bundesbrief document is comparable to the Magna Carta in the United Kingdom, or the Declaration of Independence and the Constitution in the United States.
I´m a member of the International Bundesbrief Society based in PA and urge you to check out their website: http://www.bundesbrief.org/. Today, 700 years later, Switzerland is still a confederation, the citizens still control their federal government through direct democracy and the political tools of referendum and imitative. I wish I could say the same thing about the Constitution or the Articles of Confederation in my country.
In closing, remember that Victor Hugo once quoted, "In history, Switzerland will have the last word". He was right then and I believe he is still right now about the Swiss, their currency and their position as the leading financial center for investors seeking stability and security. For those Americans who understand economic history and are concerned about the growth of government debt now reaching $11.4 trillion and the long-term impact on the Dollar, Switzerland may be the answer for you...but don´t wait too long.
As I write this, China and Brazil just announced they are working on a currency arrangement to allow exporters and importers to settle deals in their local currencies, bypassing the U.S. Dollar. See this link: http://www.cnbc.com/id/31600755
This is just the latest in ongoing news coverage as the world prepares for a future time when the Washington national debt drowns the economy and sinks the Dollar.
Read this article and stay current with news on the American debt and Dollar while preparing to defend your wealth before it is too late. Now is the time to develop a comprehensive plan to legally protect what is yours. The alternative could see your wealth disintegrating into ancient history for you and your descendants if you fail to prudently diversify outside of the Dollar, as well as the US investment and real estate markets. This way, you, along with Switzerland, will have the last word in the coming decades of economic and financial history.
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"Switzerland Is Still the Ultimate Safe Haven For Wealth" By Ron Holland http://www.bfi-capital.com/mountainvision/newsletter.php?view=d3d9446802