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	<title>DGC Blog</title>
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	<description>Gold is the only asset class that is not someone else's liability</description>
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		<title>Ending the Federal Reserve from the Bottom Up</title>
		<link>http://www.dgcmagazine.com/blog/index.php/2010/03/13/ending-the-federal-reserve-from-the-bottom-up/</link>
		<comments>http://www.dgcmagazine.com/blog/index.php/2010/03/13/ending-the-federal-reserve-from-the-bottom-up/#comments</comments>
		<pubDate>Sat, 13 Mar 2010 19:54:08 +0000</pubDate>
		<dc:creator>Mark</dc:creator>
				<category><![CDATA[Freedom]]></category>
		<category><![CDATA[Central bank]]></category>
		<category><![CDATA[Constitutional Tender Act]]></category>
		<category><![CDATA[conten]]></category>
		<category><![CDATA[economic]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Federal Reserve System]]></category>
		<category><![CDATA[fiat currency]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[frederal reserve]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Ron Paul]]></category>
		<category><![CDATA[Social Sciences]]></category>
		<category><![CDATA[sound money]]></category>
		<category><![CDATA[US Federal Reserve]]></category>

		<guid isPermaLink="false">http://www.dgcmagazine.com/blog/?p=3076</guid>
		<description><![CDATA[Ending the Federal Reserve from the Bottom Up: Re-Introducing Competitive Currency by State Adherence to Article I, Section 10, Presented to the Mises Institute's "Austrian Scholars Conference" - 03/13/2010 by William Greene ]]></description>
			<content:encoded><![CDATA[<p><a style="margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block; text-decoration: underline;" title="View Ending the Federal Reserve from the Bottom Up: Re-Introducing Competitive Currency by State Adherence to Article I, Section 10 on Scribd" href="http://www.scribd.com/doc/28316620/Ending-the-Federal-Reserve-from-the-Bottom-Up-Re-Introducing-Competitive-Currency-by-State-Adherence-to-Article-I-Section-10">Ending the Federal Reserve from the Bottom Up: Re-Introducing Competitive Currency by State Adherence to Ar&#8230;</a> <object id="doc_552543431355749" style="outline: none;" classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="100%" height="600" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="name" value="doc_552543431355749" /><param name="data" value="http://d1.scribdassets.com/ScribdViewer.swf" /><param name="wmode" value="opaque" /><param name="bgcolor" value="#ffffff" /><param name="allowFullScreen" value="true" /><param name="allowScriptAccess" value="always" /><param name="FlashVars" value="document_id=28316620&amp;access_key=key-2fy259xt5j5r6n807nwh&amp;page=1&amp;viewMode=list" /><param name="src" value="http://d1.scribdassets.com/ScribdViewer.swf" /><param name="allowfullscreen" value="true" /><param name="flashvars" value="document_id=28316620&amp;access_key=key-2fy259xt5j5r6n807nwh&amp;page=1&amp;viewMode=list" /><embed id="doc_552543431355749" style="outline: none;" type="application/x-shockwave-flash" width="100%" height="600" src="http://d1.scribdassets.com/ScribdViewer.swf" flashvars="document_id=28316620&amp;access_key=key-2fy259xt5j5r6n807nwh&amp;page=1&amp;viewMode=list" allowscriptaccess="always" allowfullscreen="true" bgcolor="#ffffff" wmode="opaque" data="http://d1.scribdassets.com/ScribdViewer.swf" name="doc_552543431355749"></embed></object></p>
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		<title>Future of Money &amp; Technology Summit</title>
		<link>http://www.dgcmagazine.com/blog/index.php/2010/03/11/future-of-money-technology-summit/</link>
		<comments>http://www.dgcmagazine.com/blog/index.php/2010/03/11/future-of-money-technology-summit/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 17:23:55 +0000</pubDate>
		<dc:creator>Mark</dc:creator>
				<category><![CDATA[Freedom]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Ecosystem]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[Future of Money & Technology Summit]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[Online Communities]]></category>
		<category><![CDATA[San Francisco]]></category>
		<category><![CDATA[Service provider]]></category>
		<category><![CDATA[Social network]]></category>

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		<description><![CDATA[Attention early birds! You can register now and enjoy the  early bird rate.]]></description>
			<content:encoded><![CDATA[<p><strong>Hotel Kabuki</strong><br />
<strong>1625 Post Street<br />
San Francisco, CA 94118<br />
Monday, April 26, 2010<br />
9am – 6pm + cocktail party</strong></p>
<p>The <strong>Future of Money &amp; Technology</strong> <strong>Summit</strong> will bring together the best and brightest thinkers around money,  including visionaries, entrepreneurial business people, developers,  press, investors, authors, solution providers, service providers, and  organizations who work with them at the convergence of cash and  commerce. We meet to discuss the evolving money ecosystem in a  proactive, conducive to deal making environment.</p>
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<li><a href="http://www.facebook.com/#%21/pages/The-Future-of-Money-and-Technology/276022587105?ref=ts">Facebook  Group</a></li>
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<li><a href="http://twitter.com/futureofmoney">Twitter Stream</a></li>
<li><a href="http://www.futureofmoney.com/contact">Contact Us</a></li>
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		<title>Federal Prosecutor in e-gold Case Gets Promoted</title>
		<link>http://www.dgcmagazine.com/blog/index.php/2010/03/11/federal-prosecutor-in-e-gold-case-gets-promoted/</link>
		<comments>http://www.dgcmagazine.com/blog/index.php/2010/03/11/federal-prosecutor-in-e-gold-case-gets-promoted/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 16:01:36 +0000</pubDate>
		<dc:creator>Mark</dc:creator>
				<category><![CDATA[e-gold]]></category>
		<category><![CDATA[e-bullion]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[madoff]]></category>
		<category><![CDATA[ponzi]]></category>

		<guid isPermaLink="false">http://www.dgcmagazine.com/blog/?p=3063</guid>
		<description><![CDATA[I'm just saying....]]></description>
			<content:encoded><![CDATA[<p>According to the <a href="http://www.brooklyneagle.com/categories/category.php?category_id=4&amp;id=33646" target="_blank">BrooklynEagle</a>, former Brooklyn federal prosecutor Richard Weber, currently the Chief of  the Asset Forfeiture and Money Laundering Section (AFMLS) of the United  States Department of Justice, has been appointed Chief of the Major Economic Crimes Bureau, a consolidation and expansion of the  resources of the Manhattan District Attorney’s Office for the purpose of combating  complex economic crime.</p>
<p style="padding-left: 30px;"><strong><em>&#8220;Weber was an Assistant United States Attorney and Chief of Asset  Forfeiture in the United States Attorney’s Office for the Eastern  District of New York, based in Downtown Brooklyn, where he served for 10  years and prosecuted and coordinated complex multiagency domestic and  international money laundering, financial, tax, and forfeiture cases.&#8221;</em></strong></p>
<p style="padding-left: 30px;"><strong><em>&#8220;At the Justice Department, Weber oversaw prosecutions against major  domestic and international financial institutions and corporations,  including the federal portion of the Credit Suisse and Lloyds  investigations, Union Bank of California, American Express Bank  International, BankAtlantic, E Gold Ltd. (an internet-based digital  currency business), and Sigue Corporation (a global money service  business).&#8221;</em></strong></p>
<p>The Major Economic Crimes Bureau will be responsible for all manner of  complex financial investigations, including:</p>
<ul>
<li>securities, commodities, and investment fraud</li>
<li>mortgage fraud and financial institution fraud</li>
<li>commercial bribery and kickbacks</li>
<li>bank fraud</li>
<li>structured investment schemes</li>
<li>internet fraud</li>
<li>international money laundering and terror financing</li>
</ul>
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		<title>gBullion, A New Digital Gold Currency Opens!</title>
		<link>http://www.dgcmagazine.com/blog/index.php/2010/03/10/gbullion-a-new-digital-gold-currency-opens/</link>
		<comments>http://www.dgcmagazine.com/blog/index.php/2010/03/10/gbullion-a-new-digital-gold-currency-opens/#comments</comments>
		<pubDate>Wed, 10 Mar 2010 18:15:37 +0000</pubDate>
		<dc:creator>Mark</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[DGC]]></category>
		<category><![CDATA[digital gold currency]]></category>
		<category><![CDATA[e-bullion]]></category>
		<category><![CDATA[e-gold]]></category>
		<category><![CDATA[gBullion]]></category>
		<category><![CDATA[gold bullion]]></category>
		<category><![CDATA[gold payments]]></category>
		<category><![CDATA[GoldMoney]]></category>
		<category><![CDATA[Online Payments]]></category>

		<guid isPermaLink="false">http://www.dgcmagazine.com/blog/?p=3056</guid>
		<description><![CDATA[gBullion is a new payment system that enables any user to buy/sell gold and make safe, instant and free payments all over the world.]]></description>
			<content:encoded><![CDATA[<p>Yes, a bright shiny new Digital Gold Currency has now opened in the UAE  <a href="https://www.gbullion.com/" target="_blank">https://www.gbullion.com/</a></p>
<p>March 10, 2010 &#8212; March 10 2010 is a start date for gBullion &#8211; new <a title="payment system" onclick="linkClick( this.href );" href="http://www.gbullion.com/" target="_blank">payment system</a> that enables  any user to buy/sell gold and make safe instant payments all over the  world.</p>
<p>All transactions are made in system digital currency – gB, wherein 1 gB  is equal to 1 gold gram. After the purchase gold bars (of 99, 5% or  higher purity) are stored in the specialized secure Vault while  corresponding quantity of gold grams (gB) is transferred to electronic  gBullion client account.</p>
<p>At any time user can exchange digital gold (gB) for real gold and obtain  gold bars from a Vault located in UAE, or take delivery to specified  address. Besides gB holder can transfer his digital gold (gB) to another  gBullion user. All transfers are instant and free.</p>
<p>“Our experts were to develop internet service based on three principles:  minimum charges, easy use, and high degree of reliability. Their work  resulted in the unique product of high quality that is coincident with  all these demands. Today a growing number of investors become interested  in gold, that is of no wonder for gold turns to be the most stable  currency in the world, and gBullion is the most convenient instrument  for operations with this metal” &#8211; Andrew Owen, CEO gBullion.</p>
<p>Features:<br />
- possibility to <a title="buy gold" onclick="linkClick(  this.href );" href="http://www.gbullion.com/" target="_blank"> buy gold</a> in minimum  quantity (from 0,0001 gram);<br />
- gB currency is 100% gold backed;<br />
- the best market prices for gold purchase and sale through internet;<br />
- insurance of all <a title="gold bars" onclick="linkClick(  this.href );" href="http://www.gbullion.com/" target="_blank">gold bars</a>;<br />
- referral program and other variants of business with gBullion;</p>
<p>The system operator is GBULLION DMCC Company registered in Dubai, UAE,  and licensed to <a title="sell gold" onclick="linkClick(  this.href );" href="http://www.gbullion.com/" target="_blank">sell gold</a>.<br />
GBULLION DMCC work is inspected by the CPA firm. An auditor’s report  with the information about available assets and quantity of gold bars at  vaults will be regularly announced in our site. At the moment the site  gBullion operates in test mode and only in English. Other languages will  be soon available.</p>
<p>Christine Thompson<br />
Manager of PR &amp; Marketing Communications<br />
<a onclick="linkClick( this.href );" href="http://www.gbullion.com/" target="_blank">www.gbullion.com</a></p>
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		<title>Europe Blocks the U.S. from Bank Info Snooping</title>
		<link>http://www.dgcmagazine.com/blog/index.php/2010/03/07/europe-blocks-the-u-s-from-bank-info-snooping/</link>
		<comments>http://www.dgcmagazine.com/blog/index.php/2010/03/07/europe-blocks-the-u-s-from-bank-info-snooping/#comments</comments>
		<pubDate>Sun, 07 Mar 2010 18:48:49 +0000</pubDate>
		<dc:creator>Mark</dc:creator>
				<category><![CDATA[Freedom]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[terrorist]]></category>
		<category><![CDATA[US Dollar]]></category>

		<guid isPermaLink="false">http://www.dgcmagazine.com/blog/?p=3052</guid>
		<description><![CDATA[European Parliament members complained that the agreement would have granted the United States far too much power.]]></description>
			<content:encoded><![CDATA[<p>According to the <a href="http://www.nytimes.com/2010/02/12/world/europe/12swift.html" target="_blank">NYTimes</a>,</p>
<p>BRUSSELS — The <a title="More articles about European Parliament" href="http://topics.nytimes.com/top/reference/timestopics/organizations/e/european_parliament/index.html?inline=nyt-org">European Parliament</a> on Thursday broadly rejected an agreement with the United States on  sharing information about bank transfers that was aimed at tracking  people suspected of being terrorists&#8230;..The United States could still rely on an agreement on mutual legal  assistance to seek the data. But that could make the process of  gathering the information more cumbersome.</p>
<p><a href="http://www.nytimes.com/2010/02/12/world/europe/12swift.html" target="_blank">Read the full article here.</a></p>


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		<title>Tenth Amendment Summit with Judge Napolitano &amp; Ray McBerry</title>
		<link>http://www.dgcmagazine.com/blog/index.php/2010/03/04/tenth-amendment-summit-with-judge-napolitano-ray-mcberry/</link>
		<comments>http://www.dgcmagazine.com/blog/index.php/2010/03/04/tenth-amendment-summit-with-judge-napolitano-ray-mcberry/#comments</comments>
		<pubDate>Thu, 04 Mar 2010 15:58:27 +0000</pubDate>
		<dc:creator>Mark</dc:creator>
				<category><![CDATA[Freedom]]></category>
		<category><![CDATA[10th amendment]]></category>
		<category><![CDATA[Judge Napo0litano]]></category>
		<category><![CDATA[Ray McBerry]]></category>
		<category><![CDATA[Ron Paul]]></category>
		<category><![CDATA[Tenth Amendment Summit]]></category>

		<guid isPermaLink="false">http://www.dgcmagazine.com/blog/?p=3046</guid>
		<description><![CDATA[Ray McBerry sent a message to the members of Tenth Amendment Summit with Judge Napolitano &#038; Ray McBerry.]]></description>
			<content:encoded><![CDATA[<p>NATIONAL TENTH AMENDMENT SUMMIT IS A HUGE SUCCESS</p>
<p>(Atlanta &#8211; 1 March 2010)  Even as snowstorms were blanketing much of the northeast, a firestorm for the cause of liberty and state sovereignty was heating up in Atlanta on Thursday and Friday.</p>
<p>Hosted by Ray McBerry, Republican candidate for governor of Georgia, the first national Tenth Amendment Summit convened for the purpose of bringing candidates together from around the country who are running on a Tenth Amendment platform, each with the goal of restraining the power of the federal government through the assertion of peaceful, constitutional means.  The event was co-sponsored by the Tenth Amendment Center in California.</p>
<p>Thursday night&#8217;s closed-door meeting included twenty-five candidates from across America who represented thirteen states &#8212; more than a quarter of the states that make up the union.  Of the candidates participating, there were fifteen running for Congress, one for U.S. Senate, one for state senate, five for state house, and three candidates for governor of their respective states.  There were also both men and women present, running for office.</p>
<p>Perhaps more telling, though, was the fact that the candidates included Republicans, Democrats, Libertarians, and Independents.  While it was obvious that all of the candidates did not share the same views  on many issues, it was very apparent that each shared the common belief that his or her state should be allowed to govern itself without federal encroachment in any area other than those powers expressly granted to it in the Constitution.</p>
<p>The closed-door meeting Thursday night was a strategy session for the candidates to discuss what is working currently to promote the cause of state sovereignty and how the group can work together to advance the cause more.</p>
<p>Friday&#8217;s all-day meeting was open to the public and included speeches from nearly all of the participating candidates, including the keynote speaker &#8212; former Alabama Chief Justice Roy Moore, who is currently a Republican candidate for governor of Alabama.  Ray McBerry, candidate for governor in Georgia, was the first speaker; he welcomed the audience of four hundred attendees, some who traveled from as far away as Washington state to be a part of the historic event.  McBerry spoke of several constitutional mechanisms that the states could begin to employ in their efforts to resist federal encroachments, including legislation which he has helped to author that is currently sponsored in the Georgia General Assembly.</p>
<p>One of the important things to emerge from the Summit was a statement presented by the candidates Friday morning as a mutual statement of purpose.  It reads as follows:</p>
<p>We The People of the several States created a federal government to serve as our limited agent, delegating to the federal government only those limited and few powers listed in the Constitution, and no others.</p>
<p>We recognize the federal government has seized unlimited power over virtually every aspect of Americans’ lives in violation of the Constitution of the United States, specifically with respect to the Tenth Amendment.</p>
<p>We call upon freedom-loving citizens everywhere to stand with us, as candidates for state and federal office, to pass meaningful and sensible legislation to restore the most critical check and balance deliberately designed into our constitutional republic: that of strong, sovereign states.</p>
<p>We pledge to limit and restrain all federal government exercise of power that exceeds in any way the plain language of those few powers listed in the Constitution and to nullify all others that exceed such limit.</p>
<p>When we restore the balance of power between the states and the federal government according to the Constitution, our country will enjoy the dynamic blessings of liberty and prosperity.</p>
<p>END RELEASE</p>
<p>For more information about the Tenth Amendment Summit or to schedule interviews, please contact the campaign of Ray McBerry online at</p>
<p><a href="http://www.facebook.com/l/b3b31;www.GeorgiaFirst.org" target="_blank">http://www.facebook.com/l/b3b31;www.GeorgiaFirst.org</a></p>


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		<title>The Story Behind The Aspen Dollar</title>
		<link>http://www.dgcmagazine.com/blog/index.php/2010/03/03/the-story-behind-the-aspen-dollar/</link>
		<comments>http://www.dgcmagazine.com/blog/index.php/2010/03/03/the-story-behind-the-aspen-dollar/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 16:53:12 +0000</pubDate>
		<dc:creator>Mark</dc:creator>
				<category><![CDATA[Silver]]></category>
		<category><![CDATA[aocs]]></category>
		<category><![CDATA[aspen dollar]]></category>
		<category><![CDATA[bernard von nothaus]]></category>
		<category><![CDATA[liberty dollar]]></category>
		<category><![CDATA[peter affolter]]></category>

		<guid isPermaLink="false">http://www.dgcmagazine.com/blog/?p=3041</guid>
		<description><![CDATA[From beautiful Aspen Colorado with its golden Aspen trees, a new currency shines forth. (commodity money)]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.dgcmagazine.com/blog/wp-content/uploads/2010/03/aspenrev.jpg"><img class="size-medium wp-image-3042 alignright" title="aspenrev" src="http://www.dgcmagazine.com/blog/wp-content/uploads/2010/03/aspenrev-300x297.jpg" alt="" width="300" height="297" /></a>This is from the most recent Liberty Dollar newsletter. <a href=" http://www.libertydollar.org/pommo/user/subscribe.php" target="_blank">Click HERE</a> to Subscribe to Future  Mailings.</p>
<p><strong>*1. Aspen Silver Dollar Shines Forth*</strong><br />
Just what you need to weather the monetary storm</p>
<p><strong>*ASPEN SILVER DOLLAR*</strong></p>
<p>From beautiful Aspen Colorado with its golden Aspen trees, a new currency shines forth.</p>
<p>Peter Affolter, explains the Aspen Silver Dollar, actually started in 2008 when Dr. Bill Wesson, long time local dentist, wanted to introduce Aspen to the unique values of silver.</p>
<p>&#8220;Well, Bill introduced me to silver and when he got so busy, I decided to take action and launch the Aspen Silver Dollar as a local currency.&#8221; Affolter said.</p>
<p>There is no doubt that Affolter, a well know local chef, is dedicated to silver. As he points out, &#8220;In the restaurant business, a cup is a cup. I think a dollar should be a dollar and that dollar should hold its value and even increase in value as people prosper. Simply put, silver has a better shelf life than food.&#8221;</p>
<p>Affolter is convinced that the Aspen Silver Dollar is good for his beloved mountain community, the Roaring Fork Valley area and good for America. He is quick to point out that, &#8220;Silver is better than voting. Sound money is a more effective and positive approach to big government. It can even be profitable!&#8221;</p>
<p>So what finally pushed Affolter to take the big plunge into the silver business?</p>
<p>It started when he wanted to buy some silver in Aspen but there were no coin dealers and only one antique store had a few old US silver dollars. With no silver available, Affolter decided to follow the old marketing adage, &#8220;find a need and fill it,&#8221; and voila, the Aspen Silver Dollar was born.</p>
<p>Very quickly, Dr. Wesson and a dozen other Aspenites started using the Aspen Silver Dollar. The dentist, local bar, food store, car repairman have become the first local merchants to accept the new silver dollar for their goods and services.</p>
<p>Dr. Bill Wesson said, &#8220;I am very grateful that Peter took action to bring silver to Aspen. I think it is the best thing for Aspen and strongly encourage everyone to get and use the Aspen Silver Dollar for their own good and for the good of Aspen.&#8221;</p>
<p>To hear Affolter tell his story, he harkens back to the good old days when Aspen was the richest silver mining area in the world. He reminisces about how the Populist Party adopted silver as &#8220;legal tender&#8221; after the panic of 1893 &#8211; that almost killed Aspen. But Aspen never died, although it was down to only 705 residents in 1930.</p>
<p>Today, Aspen is the storied land of the rich and famous. But still Affolter is concerned about his beloved town and its local citizens. He is concerned about the US dollar and what the future will bear. And who knows, with silver up nearly 25% in 2009, the $50 Aspen Silver Dollar might just catch on if the current US dollar drops any more and Aspenites start shopping for something with more value.</p>
<p>So what is the Aspen Silver Dollar? Aspen Silver features an image of Liberty on the obverse and an Aspen leaf on the reverse. The new silver dollar contains one ounce of pure .999 fine silver and has a $50 MSRP so it in sync with the silver market and can be used voluntarily by merchants who accept it. So does the new dollar cost $50? Not if you know Affolter or live in the Roaring Fork Valley area. Locals are encouraged to get the currency at a steep volume discounts and then use it for whatever value is agreed upon with the merchant. The value changes with the silver market that is on an uptrend.</p>
<p>In addition to the 2010 Aspen Silver Dollar in Brilliant Uncirculated condition priced in sync with the silver market, two special collector issues have been created. The First Day of Issue features a special hand stamped Aspen leaf hallmark and a Limited Numbered Issue of only 100 individually hand stamped with a serial number.</p>
<p>The new Silver Aspen Dollar is, very &#8220;Aspen.&#8221; It is beautiful and more valuable than the debt plagued US dollar and would have been the darling of the Aspen of old. And who knows, for anyone who is savvy or lucky enough to catch Peter Affolter, the Aspen Silver Dollar might be just what you need to weather the current monetary storm.</p>
<p>*DISCLAIMER:* The Aspen Silver Dollar is not a currency, as it does not have a face value ($50 is the MSRP only) and is not intended to compete with the depreciating US dollar. The sole purpose of this commemorative &#8220;dollar&#8221; is for local enjoyment only as guaranteed by the First Amendment to the US Constitution. Let it be known that this is not a Liberty Dollar and that I have not involved in the minting, production or circulation of this historic commemorative &#8220;dollar.&#8221; I was commissioned as an artist only.</p>
<p>/*Please note that the Aspen Silver Dollar is not intended to be used as United States currency and any representation as such is strictly prohibited by law.*/</p>


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		<title>Open Identity Exchange Launches at RSA</title>
		<link>http://www.dgcmagazine.com/blog/index.php/2010/03/03/open-identity-exchange-launches-at-rsa/</link>
		<comments>http://www.dgcmagazine.com/blog/index.php/2010/03/03/open-identity-exchange-launches-at-rsa/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 15:20:08 +0000</pubDate>
		<dc:creator>Mark</dc:creator>
				<category><![CDATA[Freedom]]></category>
		<category><![CDATA[and Booz Allen Hamilton]]></category>
		<category><![CDATA[CA]]></category>
		<category><![CDATA[digital identity]]></category>
		<category><![CDATA[encryption]]></category>
		<category><![CDATA[equifax]]></category>
		<category><![CDATA[google]]></category>
		<category><![CDATA[openID]]></category>
		<category><![CDATA[openidentityexchange]]></category>
		<category><![CDATA[paypal]]></category>
		<category><![CDATA[VeriSign]]></category>
		<category><![CDATA[Verizon]]></category>

		<guid isPermaLink="false">http://www.dgcmagazine.com/blog/?p=3035</guid>
		<description><![CDATA[This is a new non-profit organization dedicated to building trust in the exchange of online identity credentials across public and private sectors.]]></description>
			<content:encoded><![CDATA[<div>
<p><strong>Washington, D.C. and San Francisco </strong>— March  3, 2010 — Industry leaders <strong>Google, PayPal, Equifax, VeriSign,  Verizon, CA</strong>, and <strong>Booz Allen Hamilton</strong> today  announced at the RSA Conference 2010 the formation of the Open Identity  Exchange (OIX) <a href="http://www.openidentityexchange.org/" target="_blank">www.openidentityexchange.org</a>,  a non-profit organization dedicated to building trust in the exchange  of online identity credentials across public and private sectors. With  initial grants from the OpenID Foundation (OIDF) and Information Card  Foundation (ICF), OIX has been approved as a trust framework provider by  the United States Government to certify online identity management  providers to U.S. federal standards for identity assurance.</p>
<p>Trust frameworks are a new way for one site to trust the identity,  security, and privacy assurances from another site (the &#8220;identity  provider&#8221;) acting on behalf of a user. Google, Paypal, and Equifax are  the first three identity providers certified by OIX to issue digital  identity credentials that will be accepted for privacy-protected  registration and login at U.S. government websites. Verizon is currently  in the certification process and is expected to be completed shortly.</p>
<p>The National Institutes of Health (NIH) is the first government  website accepting these credentials, including OpenID and Information  Card logins, a capability it demonstrated today at the RSA Conference.  Citizens can use open identity technologies to support a number of  online services across websites, including customized library searches,  access to training resources, conference registration, and medical  research wikis, with strong privacy protections, all designed to ensure  accessible and transparent communication between the government agency  and U.S. citizens.</p>
<p>&#8220;We want to acknowledge the critical role NIH has played as a  pioneer in the government&#8217;s use of open identity standards. The impact  of the NIH iTrust pilots is reflected not only in the formation of Open  Identity Exchange in the marketplace but also in the groundbreaking  leadership NIH has demonstrated in new public sector applications,&#8221; said  <strong>Dr. Peter Alterman, Senior Advisor to the NIH Chief Information  Officer for Strategic Initiatives</strong>.</p>
<p>&#8220;OIX grew out of a public/private industry partnership initiated by  the U.S. government at this conference last year,&#8221; said <strong>Don  Thibeau, OIDF Executive Director and OIX Board Chair</strong>. &#8220;OpenID  and Information Card technologies can solve the technical problem of  using identity credentials across different websites, but can&#8217;t solve  the problem of how those credentials can be trusted at different levels  of assurance. OIX is a solution to this problem not just for the U.S.  government, but for many different governments, industry alliances,  non-profit associations, telcos, academic networks, and others all over  the world who need to establish trust across a wide online population.&#8221;</p>
<p>The first official OIX trust framework meets the requirements set  forth by the U.S. Identity, Credential, and Access Management (ICAM)  Trust Framework Provider Adoption Process (TFPAP) established by the  U.S. General Services Administration (GSA). This trust framework will  enable the American public to participate in open, transparent and  participatory government while maintaining full control of how much or  how little personal information they share with federal websites at all  times. &#8220;OIX means there is now a safe way to use an OpenID or an  Information Card to register and login at any number of federal websites  without needing a new username and password for each,&#8221; said <strong>Drummond  Reed, ICF Executive Director and Acting Executive Director of OIX</strong>.  &#8220;As we roll out progressively stronger levels of certification, this  will empower U.S. citizens to access and mange their tax records, Social  Security records, veteran&#8217;s benefits, and many other government  services online.&#8221;</p>
<p>&#8220;Before organizations can confidently consume identity information  produced by third parties, they need to have confidence in those third  parties&#8217; business processes and practices, and in the quality of the  information they provide,” said <strong>Bob Blakley, Research Director,  Burton Group Identity and Privacy Strategies, Gartner</strong>. “Before  individuals can confidently provide information to third parties, they  need to have confidence that their privacy will be protected by those  third parties.  The process of gaining confidence in a third party  organization&#8217;s processes for collecting, verifying, handling, using, and  disclosing identity information is called &#8216;identity assurance&#8217;.  Identity assurance is a key building block for the production and  consumption of identity information in open networks like the internet.&#8221;</p>
<p>OCLC Online Computer Library Center is another founding member of  OIX because it wants to develop a cooperative trust framework for  libraries and their users. &#8220;More than 72,000 libraries in 112 countries  and territories around the world have used OCLC services to locate,  acquire, catalog, lend and preserve library materials,&#8221; said <strong>Mike  Teets, OCLC Vice President, Innovation</strong>. &#8220;An OCLC trust  framework could broaden online access to those library materials, and  make it easier for libraries to connect people to the knowledge they  seek in any format—digital or print.&#8221;</p>
<p>OIX is currently working on development of trust frameworks for  public media, telecommunications, library services, state and local  governments, and professional associations. &#8220;We look forward to  facilitating trusted transactions throughout the government and  eventually Internet channels,&#8221; said Thibeau. &#8220;True trust requires the  participation of a broad community so we are engaging industry,  government, legal and academia leaders in how best to resolve challenges  in usability, security and privacy.&#8221;</p>
<p><strong>OIX Members and Industry Experts Discuss Open Trust  Frameworks </strong></p>
<p>&#8220;We&#8217;re pleased to be among the first organizations to be certified  by the newly created OIX,&#8221; said <strong>Eric Sachs, Senior Product  Manager at Google</strong>. &#8220;We&#8217;ve already seen encouraging  implementations of identity technologies in the industry, and our hope  is that the work of the OIX will expand on this progress to help  facilitate more open government participation, as well as improve  security on the Internet by reducing password use across websites.&#8221;</p>
<p>&#8220;Trusted identities and consumer control of personal information are  essential to the effectiveness of transactions on the Internet,&#8221; said <strong>Andrew  Nash, Senior Director of Identity Services for PayPal Inc.</strong> &#8220;Trusted frameworks that provide identity assurance are a critical  factor in the success of the digital identity ecosystem.&#8221;</p>
<p>“We are honored to support this critical initiative and work with  thought leaders of such a broad range of industry expertise,” said <strong>Ron  Carpinella, Equifax’s Vice President of Identity Management</strong>.  “As an innovator of knowledge-based authentication technology and the  only information solutions company on this board, we look forward to  advancing the development of an open trust platform initiative that will  enable more secure and simplified interaction between consumers and the  digital world.”</p>
<p>&#8220;VeriSign is excited to participate in the next phase in the  creation and standardization of high assurance identity systems,&#8221; said <strong>Nicolas  Popp, Vice President of Product Development at VeriSign</strong>.  &#8220;Drawing from our experience in bringing trust to the Internet, we look  forward to contributing to the development of a multichannel identity  trust framework that will enable citizens to communicate openly with  confidence.&#8221;</p>
<p>“Verizon shares OIX’s vision for establishing a framework for trust  on the Internet,” said <strong>Peter Tippett, Vice President of Security  Solutions and Enterprise Innovation at Verizon Business</strong>. “As a  founding member of OIX, Verizon is working with other key Internet  players to push for industry-wide reform that will forever change the  way consumers and businesses interact on the Internet.”</p>
<p>&#8220;Trust, privacy and security are critical to the safe adoption of an  identity based digital infrastructure.  The formation of the Open  Identity Exchange is an important step forward in creating the necessary  framework to establish these criteria,&#8221; said <strong>Tim Brown, CA  Chief Security Architect and Distinguished Engineer.</strong> &#8220;With the  support of industry leading companies and the OpenID and Information  Card Foundations, our efforts will help solve the digital trust problems  that our governments and industry face.&#8221;</p>
<p>&#8220;With more people expecting to access services and information  online, federal agencies need an easier, more secure approach when  interacting with the public,&#8221; said <strong>Patrick Peck, Executive Vice  President of Booz Allen Hamilton</strong>. &#8220;Trust Frameworks can provide  this solution for more than 20,000 federal websites through streamlined  registration and simplified logins, and we are excited about supporting  this public-private partnership to bring operational benefits to  service providers and better access to the citizens they support.&#8221;</p>
<p><strong>Mike Teets from OCLC</strong> explains, &#8220;There is a  surprising amount of valuable content available online through libraries  that many consumers are not even aware of. Many states and national  governments license a vast amount of resources for their citizens, and  these could be made even more readily accessible through this  initiative. OIX will put a key piece of the infrastructure puzzle in  place to help libraries further reduce barriers of access to content,  which is what OCLC is all about.&#8221;</p>
<p>&#8220;Digital trust should originate from the location where it naturally  occurs, be it my municipality to validate my residency, my professional  affiliations, my educational institutions, my family affiliations, my  religious affiliations, etc.,&#8221; said <strong>Hal Warren, President of the  OpenID Society, a chapter of the OIDF</strong>. &#8220;This requires a  complex multi-faceted framework through which trusted claims can be  transmitted and validated.  This is the objective of the OIX.  &#8220;Simplicity is complexity well done.&#8221;</p>
<p>&#8220;We look forward to facilitating trusted transactions throughout the  government and eventually Internet channels,&#8221; said Thibeau. &#8220;True trust  requires the participation of a broad community so we are engaging  industry, government, legal and academia leaders in how best to resolve  challenges in usability, security and privacy.&#8221;</p>
<p><strong>About Google Inc.</strong></p>
<p>Google&#8217;s innovative search technologies connect millions of people  around the world with information every day. Founded in 1998 by Stanford  Ph.D. students Larry Page and Sergey Brin, Google today is a top web  property in all major global markets. Google&#8217;s targeted advertising  program provides businesses of all sizes with measurable results, while  enhancing the overall web experience for users. Google is headquartered  in Silicon Valley with offices throughout the Americas, Europe and Asia.  For more information, visit <a href="http://www.google.com/">www.google.com</a>.</p>
<p><strong>About PayPal</strong><br />
PayPal is the faster, safer way to pay and get paid online. The service  allows members to send money without sharing financial information,  with the flexibility to pay using their account balances, bank accounts,  credit cards or promotional financing. With more than 81 million active  accounts in 190 markets and 24 currencies around the world, PayPal  enables global ecommerce. PayPal is an eBay company and is made up of  three leading online payment services: the PayPal global payments  platform, the Payflow Gateway, and Bill Me Later. More information can  be found at <a href="https://www.paypal.com/">https://www.paypal.com</a>.</p>
<p><strong>About Equifax</strong></p>
<p>Equifax empowers businesses and consumers with information they can  trust. A global leader in information solutions, we leverage one of the  largest sources of consumer and commercial data, along with advanced  analytics and proprietary technology, to create customized insights that  enrich both the performance of businesses and the lives of consumers.</p>
<p>With a strong heritage of innovation and leadership, Equifax  continuously delivers innovative solutions with the highest integrity  and reliability. Businesses – large and small – rely on us for consumer  and business credit intelligence, portfolio management, fraud detection,  decisioning technology, marketing tools, and much more. We empower  individual consumers to manage their personal information, protect their  identity, and maximize their financial well-being.</p>
<p>Headquartered in Atlanta, Georgia, Equifax Inc. operates in the U.S.  and 14 other countries throughout North America, Latin America and  Europe. Equifax is a member of Standard &amp; Poor’s (S&amp;P) 500®  Index. Our common stock is traded on the New York Stock Exchange under  the symbol EFX.</p>
<p><strong>About VeriSign</strong></p>
<p>VeriSign, Inc. (NASDAQ: VRSN) is the trusted provider of Internet  infrastructure services for the networked world. Billions of times each  day, VeriSign helps companies and consumers all over the world engage in  communications and commerce with confidence. Additional news and  information about the company is available at <a href="http://www.verisign.com/">www.verisign.com</a>.</p>
<p><strong>About Verizon Business</strong></p>
<p>Verizon Business, a unit of Verizon Communications (NYSE: VZ), is a  global leader in communications and IT solutions. We combine  professional expertise with one of the world’s most connected IP  networks to deliver award-winning communications, IT, information  security and network solutions.  We securely connect today’s extended  enterprises of widespread and mobile customers, partners, suppliers and  employees – enabling them to increase productivity and efficiency and  help preserve the environment.  Many of the world’s largest businesses  and governments – including 96 percent of the Fortune 1000 and thousands  of government agencies and educational institutions – rely on our  professional and managed services and network technologies to accelerate  their business. Find out more at <a href="http://www.verizonbusiness.com/">www.verizonbusiness.com</a>.</p>
<p><strong>About CA</strong></p>
<p>CA (NASDAQ: CA), the world&#8217;s leading independent IT management  software company, helps customers optimize IT for better business  results. CA&#8217;s Enterprise IT Management solutions for mainframe and  distributed computing enable Lean IT—empowering organizations to more  effectively govern, manage and secure their IT operations. For more  information, visit <a href="http://www.ca.com/">www.ca.com</a>.</p>
<p><strong>About Booz Allen Hamilton</strong></p>
<p>Booz Allen Hamilton has been at the forefront of strategy and  technology consulting for 95 years. Every day, government agencies,  institutions, corporations, and not-for-profit organizations rely on the  firm’s expertise and objectivity, and on the combined capabilities and  dedication of our exceptional people to find solutions and seize  opportunities. Providing a broad range of services in strategy,  operations, organization and change, information technology, systems  engineering, and program management, Booz Allen is committed to  delivering results that endure.</p>
<p>With more than 22,000 people, Booz Allen generates $4.5 billion in  annual revenue. To learn more about the firm, visit <a href="http://www.boozallen.com/">www.boozallen.com</a>.</p>
<p><strong>About OCLC<br />
</strong>Founded in 1967, OCLC is a nonprofit, membership, computer  library service and research organization dedicated to the public  purposes of furthering access to the world’s information and reducing  library costs. More than 72,000 libraries in 112 countries have used  OCLC services to locate, acquire, catalog, lend, preserve and manage  library materials. Researchers, students, faculty, scholars,  professional librarians and other information seekers use OCLC services  to obtain bibliographic, abstract and full-text information when and  where they need it.  OCLC and its member libraries cooperatively produce  and maintain WorldCat, the world’s largest online database for  discovery of library resources. Search WorldCat.org on the Web. For more  information, visit <a href="http://www.oclc.org/">www.oclc.org</a>.</p>
<p><strong>About Open Identity Exchange</strong></p>
<p>The Open Identity Exchange (OIX) is a neutral, non-profit,  multi-channel provider of certification trust frameworks for open  identity technologies. OIX was founded by grants from the OpenID and  Information Card Foundations and support from companies including  Google, PayPal, Equifax, VeriSign, Verizon, CA, and Booz Allen Hamilton.  It also includes non-profit members such as OCLC and the OpenID  Society. For more information visit <a href="http://www.openidentityexchange.org/">www.openidentityexchange.org</a>.</p>
<p><strong>Media Contact:</strong></p>
<p>Liz O&#8217;Donnell</p>
<p>617-365-7172</p>
<p><a href="mailto:pr@openidentityexchange.org"> pr@openidentityexchange.org</a></p>
</div>


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		<title>U.S. Mint Short on Savvy, not Supply</title>
		<link>http://www.dgcmagazine.com/blog/index.php/2010/03/02/u-s-mint-short-on-savvy-not-supply/</link>
		<comments>http://www.dgcmagazine.com/blog/index.php/2010/03/02/u-s-mint-short-on-savvy-not-supply/#comments</comments>
		<pubDate>Tue, 02 Mar 2010 18:37:46 +0000</pubDate>
		<dc:creator>Mark</dc:creator>
				<category><![CDATA[Gold Dinar/e-dinar]]></category>
		<category><![CDATA[digital gold]]></category>
		<category><![CDATA[gold bullion]]></category>
		<category><![CDATA[Guardian commodities]]></category>
		<category><![CDATA[silver coins]]></category>
		<category><![CDATA[tarek saab]]></category>

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		<description><![CDATA[Another great article from Tarek over at Guardian.]]></description>
			<content:encoded><![CDATA[<p><a href="http://guardiancommodities.com/market-news/market-commentary/125-us-mint-short-on-savvy-not-supply.html"><strong>by Tarek Saab</strong></a></p>
<p>At the writing of this article, the first week of March 2010, the United States  Mint is once again facing an extended &#8220;shortage&#8221; on silver American Eagles.  Surprising? Hardly. This has become a regular phenomenon.</p>
<p>The U.S. Mint strikes a beautiful coin which is coveted by nearly all precious  metals enthusiasts. Its gold and silver Eagles are industry staples, and every  major dealer gladly promotes and sells these coins to its client base. But  aspiring entrepreneurs take note: The United States government has never, and  will never, run a business well. The U.S. Mint joins rarified air with the other  ne&#8217;er-do-wells from the Federal Reserve and the U.S. Postal Service in an  unrivaled trio of mediocrity.</p>
<p>Customers have recently inferred that the consistent shortages on American  Eagles are indicative of dwindling silver supply. This presumption is false.  Gold and silver bullion is readily available in large quantities.</p>
<p>So why the shortages?</p>
<p>The U.S. Mint has never adequately ramped up with the growing bullion demand  over the past decade. It lacks the equipment and personnel to mint coins at  necessary capacity. Furthermore, as has always been its practice, it continues  to outsource blanks to the Sunshine Mint and Stern-Leach, among others, which  adds another variable to potential bottle necks. According to Mineweb:<em> &#8220;Federal laws and regulations say the gold (and silver) must be newly mined in  the United States. Only a handful of refineries meet the standards and  regulations to produce the blanks for the coins . . . While gold and silver  producers have repeatedly gone to government officials to get them to authorize  an increase in the number of refineries which can produce the blanks and the  facilities that can mint the coins, industry sources say they feel they have  been stonewalled by mint officials who refuse to budge.&#8221;</em></p>
<p>Conspiracy or incompetence? Take your pick. A review of the U.S. Mint website is  revealing:</p>
<p><strong>Quote</strong>:</p>
<p><em>&#8220;Since Congress created the United States Mint on April 2, 1792, it has  grown tremendously. The United States Mint receives more than     $1 billion in  annual revenues. As a self-funded agency, the United States Mint turns revenues  beyond its operating expenses over to the General Fund of the Treasury.&#8221;  www.usmint.gov</em></p>
<p>You have to wonder: Since the directors of the U.S. Mint do not earn dividends  off of revenue, and since there are neither shareholders nor board members to  answer to, what is the incentive to grow revenues? This is a business whose  members turn over all profits to the state. Sounds like, well . . .  I won&#8217;t say  it.</p>
<p>The U.S. Mint claims its mission is to <em>&#8220;apply world-class business practices  in making, selling, and protecting our Nation’s coinage and assets.&#8221;</em> By  &#8220;world-class business practices&#8221; its means caring very little about whether it  satisfies consumer demand or grows profitability. If the mint were a private  corporation it would be capitalizing handsomely on ever-increasing demand for  its product. Instead, the mint is habitually out of stock, even though Public  Law 99-61 states that the mint is required to produce these coins &#8220;in quantities  sufficient to meet public demand.&#8221;</p>
<p>During the &#8220;Great Bullion Shortage of 2008,&#8221; the shortage was unrelated to the  overall supply of gold and silver, and wholly related to bottlenecks in  production at the mints, strained to capacity as they attempted to meet consumer  demand. This is an important point. Premiums rose because customers wanted  delivery immediately and the mints could not keep up with the orders. The  premiums did not rise because the metal itself was in short supply. In fact,  according to the <em>World of Mining Professionals</em> <a href="http://www.guardiancommodities.com/images/GOLDROUNDUP.pdf" target="_blank"> Gold Miners Roundup</a>, production from major mining companies is increasing.  (See: www.womp-inc.com)</p>
<p>As of today, there is so much bullion on the open market for sale that most  dealers have no trouble shipping product immediately. Dealers wait in eager  anticipation for the next downslide in the Dow to field the inevitable onslaught  of orders once again. Just like 2008, the mints will create bottlenecks in  getting supply to customers, premiums will rise, and the U.S. Mint will be the  first to halt sales.</p>
<p>As a dealer, we happily sell the U.S. Mint coins, but we reluctantly turn away  customers when the mint halts production. It is an unfortunate and very  unbusinesslike situation, and in the end, the American citizen is left to wonder  when the government will work for the people.</p>
<p>Til next time, that&#8217;s my Saab Story.</p>
<p><strong>Tarek Saab is the President of <a href="http://guardiancommodities.com/" target="_blank">Guardian Commodities</a> and a former  finalist on NBC’s “The Apprentice” with Donald Trump. He is an international  speaker and syndicated author.</strong></p>


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		<title>A simple shortcut for a foreign bank account</title>
		<link>http://www.dgcmagazine.com/blog/index.php/2010/03/02/a-simple-shortcut-for-a-foreign-bank-account/</link>
		<comments>http://www.dgcmagazine.com/blog/index.php/2010/03/02/a-simple-shortcut-for-a-foreign-bank-account/#comments</comments>
		<pubDate>Tue, 02 Mar 2010 17:38:47 +0000</pubDate>
		<dc:creator>Mark</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[digital gold]]></category>
		<category><![CDATA[offshore banking]]></category>
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		<description><![CDATA[I found Simon's info helpful, up to date, and accurate. Check out his web site for more info.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.sovereignman.com/">The Sovereign Man</a> Newsletter</p>
<h1><span style="font-size: small;"> </span></h1>
<p><span style="font-size: small;">Notes from the Field</span>, Date: March 2, 2010</p>
<div><span style="font-size: small;"> Reporting From: Pattaya, Thailand<br />
</span></div>
<div><span style="font-size: small;"><br />
Thanks to completely draconian US-led regulation, opening a bank account  	anywhere is about as fun as a barium enema.  Opening a foreign bank account  	can be an even greater nightmare.</p>
<p>Most of the time, a foreign bank will want you standing there, in person, to  	open an account, as well as to provide a seemingly endless array of  	notarized documents, stamped papers, and letters of reference.</p>
<p>Trust me, it&#8217;s not their preference either&#8230; in order to keep from being  	blacklisted by the OECD, though, banks have to resort to this level of  	bureaucracy.  They&#8217;re called &#8220;Know Your Customer (KYC)&#8221; rules, and the idea  	is to over-collect personal and financial information in order to determine  	that a bank customer is not a terrorist.</p>
<p>Anyone with half a brain can see that this is one of the stupidest notions  	in the world.  It&#8217;s like locks on a door&#8211; if someone w ants to break in, a  	pithy little lock is not going to stop him.  Similarly, if a &#8220;terrorist&#8221; (I  	hate even using that word) wants to open a bank account, an avalanche of  	paperwork is not going to stop him.</p>
<p>As an example, I would point to accused arms dealer Victor Bout who  	currently sits in prison right here in Thailand; Bout was placed under US  	and UN sanctions back in July 2004, and yet he was still able to register  	numerous Delaware companies with bank accounts.</p>
<p>All the KYC regulations do is make it much more difficult for everyone else.</p>
<p>In our regular conversations, we&#8217;ve talked about the importance of having a  	foreign bank account&#8230; it is an essential flag to plant overseas, and you  	want to really consider low-tax jurisdictions with a strong, stable  	financial sector that have a history of not plundering the banks.</p>
<p>This includes places like Switzerland, Hong Kong, Singapore, Panama, UAE,  	Qatar, and a few others.</p>
<p>Many people understand the need to move some money out of their home country  	but are simply unable to take a far away trip just to open a bank account.   	If you&#8217;re one of these people, here&#8217;s an easy back door. It&#8217;s less than  	ideal, but it works.</p>
<p>The first thing you need to do is pick your banking jurisdiction, i.e. Hong  	Kong, Singapore, etc. and then find a large multinational bank in that  	jurisdiction that has a branch near you.</p>
<p>As an example, I will use Hong Kong and HSBC&#8230; though there are other  	jurisdictions and banks that you could use as well (Standard Chartered,  	etc.)  HSBC is a good example because it has a presence in more than 60  	countries, and you&#8217;d be hard pressed to find a civilized place that does not  	have a branch.</p>
<p>Among HSBC&#8217;s many branches are offices in Los Angeles, Miami, Vancouver,  	etc. So first you call HSBC in Hong Kong, explain that you are a foreigner,  	want to open a bank account, and would like to certify all the paperwork  	through your local HSBC branch.</p>
<p>The HSBC rep in Hong Kong will fax you all the appropriate paperwork, and  	when you have completed the documentation requirements, you should get in  	touch with the nearest HSBC branch in your home country and make sure they  	have &#8220;international banking services&#8221; available.</p>
<p>Let&#8217;s say you live in Orlando&#8230; that means you should head down to Miami,  	and the Miami branch will validate all the documents on behalf of the Hong  	Kong office.</p>
<p>Afterwards, the Hong Kong office will receive the documents and finalize the  	account opening.</p>
<p>This is the fastest and easiest way to open a foreign bank account without  	actually having to fly to a foreign country and go through the process on  	the ground.</p>
<p>The obvious disadvantage is that many people do not want to deal with a  	large, multinational foreign bank like HSBC, Standard Chartered, etc. I  	agree; it&#8217;s better to deal with a solven t local bank that does not have a  	large international presence.</p>
<p>However, unless/until you are able to get on a plane and fly to Asia,  	Europe, or the Middle East, this is one of the best and most cost effective  	interim solutions.</p>
<p>To be clear, even though you are opening it through a local branch in your  	home country, the bank account will be considered foreign and based in the  	offshore jurisdiction that you chose. If you are a US citizen, this obliges  	you to file US Treasury form TDF-90-22.1 by June 30 of each year.</p>
<p></span></p>
<p><span style="font-size: small;">Until Tomorrow,</span></p>
<p>Simon Black<br />
Senior Editor, Sovereign Man</p>
</div>
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<p>Neither this email communication nor content posted to the website  	SovereignMan.com is intended to provide personal financial advice. Before  	undertaking any action described in this letter, financial or otherwise, you  	should discuss your options with a qualified advisor&#8211; accountant, financial  	planner, attorney, priest, IRS auditor, Tim Geithner&#8230; Also, nothing  	published in this letter constitutes encouragement to avoid or evade tax  	obligations in your home country.</p>
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