Recent content by princeofprofits

  1. P

    Best offshore setup / jurisdiction for US person living on US soil?

    I have a friend in a similar situation and he very quickly came to the realization that he needs to renounce his citizenship. His current challenges are: a) minimizing his financial footprint in the US and structuring a "personal exit" for his businesses b) obtaining his birth right citizenship...
  2. P

    Best way to make money as the market goes down? (coming recession?)

    I agree, that's the quadrillion dollar question. I personally think equity markets are overrated and way too risky. One "bank holiday" away from loosing your shirt. Between bail-in legislation for deposits, shilling for CBDC, AML hysteria, war on cash and fundamentals that dont matter anymore...
  3. P

    Best way to make money as the market goes down? (coming recession?)

    "The time to buy is when there's blood in the streets, even if the blood is your own." - Baron Rothschild 2001 - equity crisis 2007 - bond crisis 2013 - taper tantrum (emerging market flight to usd) 2023/2024 (my opinion) - sovereign debt crisis (fundamental lack of confidence in Central Banks...
  4. P

    Personal bank account/private banking in non CRS / CRS countries for Canadian/European resident

    As a resident of Kanuckistan the simple answer is do not move here! There isn't really a good way to use a personal account and minimize tax liability. I cannot post links yet but look into a "controlled foreign affiliate" vs "foreign affiliate" when structuring the shareholder division of your...
  5. P

    Buying luxury cars with undeclared money (EU)

    Is it possible to register the car under a logistics corporation in Germany? Very common practice in North America. The added benefit is there is no name attached to the licence plate. Additionally, investing as a minority partner in a small dealership would be a profitable venture. Recent...
  6. P

    Greetings

    Thanks for the quick welcomes. Maybe I should have put it in quotes, "liberal democracy" is the conventional label for Kanuckistan. Attachments proxy-image.jpeg.webp 118.9 KB · Views: 118
  7. P

    Greetings

    Hi everyone, I found this community a few weeks ago and am impressed by the knowledge I have gleaned so far. I have been lurking and learning until I decided that now is the time to join. I am from a western liberal democracy with an incompetent head of state (doesn't narrow it down much!). I...

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