Post: #26

Quote:Dude you are comparing Wikileaks, where US governments state secrets are held, to a forum where people just talk about politics, travelling, improving their lifestyle, getting in shape.

Whether you like it or not, Wikileaks is the purest form of treason. There was a campaign against Roosh on Amazon, they wanted Amazon to cut him off. Did they? No.

If you had read my post carefully, you would have seen I posted a link to a regular blog that got shut down.

As for @whateverfuckit, who's username is clearly chosen to indicate of how he lives his life, he's encouraging people on this forum to engage in a violation of compliance laws and therefore risk having SAR (suspicious activity reports) filed on them, as well as get quickly banned. I know because my business requires a compliance department and I'm familiar with all federal/state compliance laws that Paypal falls under.

Just to be clear, here is PayPal's acceptable use policy:

Quote:relate to transactions involving (a) narcotics, steroids, certain controlled substances or other products that present a risk to consumer safety, (b) drug paraphernalia, © cigarettes, (d) items that encourage, promote, facilitate or instruct others to engage in illegal activity, (e) stolen goods including digital and virtual goods, (f) the promotion of hate, violence, racial intolerance or the financial exploitation of a crime, (g) items that are considered obscene, (h) items that infringe or violate any copyright, trademark, right of publicity or privacy or any other proprietary right under the laws of any jurisdiction, (i) certain sexually oriented materials or services, (j) ammunition, firearms, or certain firearm parts or accessories, or (k) certain weapons or knives regulated under applicable law.

The bolded passages are where they are going to get Roosh. Not if. When.

Post: #27

(02-12-2016 07:44 PM)praxguy Wrote:  As for @whateverfuckit, who's username is clearly chosen to indicate of how he lives his life, he's encouraging people on this forum to engage in a violation of compliance laws and therefore risk having SAR (suspicious activity reports) filed on them, as well as get quickly banned. I know because my business requires a compliance department and I'm familiar with all federal/state compliance laws that Paypal falls under.

It's clear you are willfully distorting facts for your own gain.

The PATRIOT Act and other such "ID laws" apply to banks, NOT PayPal, which is NOT a bank. They do NOT have to verify your identity, because they are NOT a bank and thus not federally regulated as such.

STOP distorting facts for financial gain. It's obvious you only created your sleeper account and bought the gold membership to promote Bitcoin. Theres no issue with promoting it, but your dishonest approach is abhorrent.

Post: #28

There's also not nearly enough Bitcoin to match the fiat currency in the world, and it is slowly being mined at a rate that could never match the rate of monetary expansion.

Post: #29

OP, are you really advocating for using bitcoin as a means of wealth preservation and asking why is deflation a bad thing? I hope people read what you posted and do the opposite.

Post: #30

Easy, everyone. Let's just brainstorm some ideas for protecting wealth how about?

I read a book a while ago about some wealthy people in the U.S. who came from a background of persecution, think it was Armenian, not sure but the specifics don't matter, and their solution, knowing they might have to up and leave any moment, was to buy and bury precious stones on their property. This was a while ago though, and it would be pretty tough with today's technology, to cross a border with diamonds sewn into the hem of your coat.

Strangely enough, it still seems to me that the best strategies of all are the oldest in the book, and that is why they are cliches that are often ridiculed:

Gold and cash at hand.

That is the reason that these two strategies are so widely ridiculed. Think of the doomsday gold bug, or the old guy who dies with all sorts of cash stuffed in his mattress.

But if you think about it, you want something that is portable, holds some value, and that you have access to. We have seen how readily the banks went to bail-ins over in Cyprus, and we also have the possibility of banks closing to prevent runs on the bank, so obviously, you want to have as few layers of abstraction between you and your money. Cash in addition to, or instead of a bank account, and physical gold rather than just an ETF.

I have heard many compelling arguments for Bitcoin, but it is just such an abstract thing really, that I can't really get myself to trust it over something I can at least feel and touch and hold. The history of anything to do with computers is the history of hacking for God's sake, so to tell me to trust a bit of code, and therefore its coders, is just too much to ask when there are other options.

Maybe we are looking at it from too individualistic a level anyway, since you are going to be looking for some geographical diversification as well, maybe we might also want to consider developing our relationships, and getting some people we can trust in different locations, so that we have places outside our own location where we can store things, or buy property or whatever, and have it in trusted hands. (I am well aware this is easier said than done.)

Also, has anyone ever looked into getting yourself hooked into a Hawala network for transferring funds? I know almost nothing about this except that it works on trust and the principle is that when you have enough people in a trusted network, you can bypass anything official.

Here is the basic definition from Wikipedia about how it works:

Quote:In the most basic variant of the hawala system, money is transferred via a network of hawala brokers, or hawaladars. It is the transfer of money without actually moving it. In fact, a successful definition of the hawala system that is used is "money transfer without money movement".
Hawala example transaction; see text for an explanation

The figure shows how Hawala works: (1) a customer (A, left-hand side) approaches a hawala broker (X) in one city and gives a sum of money (red arrow) that is to be transferred to a recipient (B, right-hand side) in another, usually foreign, city. Along with the money, he usually specifies something like a password that will lead to the money being paid out (blue arrows). (2b) The hawala broker X calls another hawala broker M in the recipient's city, and informs M about the agreed password, or gives other disposition instructions of the funds. Then, the intended recipient (B), who also has been informed by A about the password (2a), now approaches M and tells him the agreed password (3a). If the password is correct, then M releases the transferred sum to B (3b), usually minus a small commission. X now basically owes M the money that M had paid out to B; thus M has to trust X's promise to settle the debt at a later date.

The unique feature of the system is that no promissory instruments are exchanged between the hawala brokers; the transaction takes place entirely on the honour system. As the system does not depend on the legal enforceability of claims, it can operate even in the absence of a legal and juridical environment. Trust and extensive use of connections, such as family relations and regional affiliations, are the components that distinguish it from other remittance systems.

(For some reason wikipedia isn't letting me link to the image. It can be found at the entry for Hawala at the link below.)

https://en.wikipedia.org/wiki/Hawala

Anyway, food for thought.

Post: #31

Offshore trusts can be a good place to store at least some of your cash.

I was listening to a podcast and this guy was interviewed. Seemed trustworthy, an American who operates trusts in the Caribbean when high-income and easily-sued clients (doctors, investors, etc.) need to store some cash and protect it in case the government takes their money:
http://www.globalwealthprotection.com

Good luck.

Post: #32

(02-12-2016 09:14 PM)TheFinalEpic Wrote:  There's also not nearly enough Bitcoin to match the fiat currency in the world, and it is slowly being mined at a rate that could never match the rate of monetary expansion.

The value of bitcoin is not limited to what can be mined.

Post: #33

Cash at home/safe deposit box and ownership (stocks) of business around the world diversified into various nations.

Somebody could easily be worth 100MM and show up almost nowhere (except from heavy government persecution).

As long as you own less than 1% of any company, especially in a holding trust company like Northern Trust you basically can remain invisible.

100MM is an easy sum to essentially hide in plain sight.

Post: #34

(02-13-2016 10:33 PM)DVY Wrote:  Cash at home/safe deposit box and ownership (stocks) of business around the world diversified into various nations.

Somebody could easily be worth 100MM and show up almost nowhere (except from heavy government persecution).

As long as you own less than 1% of any company, especially in a holding trust company like Northern Trust you basically can remain invisible.

100MM is an easy sum to essentially hide in plain sight.

Could you give more detail in a datasheet? Or post some references, books etc so we can learn?

Post: #35

Yeti and DVY have really been the only ones who are talking about real wealth protection. There was a thread a little while back on asset protection that would be a good read to those interested.

Post: #36

(02-14-2016 01:49 AM)jj90 Wrote:  Yeti and DVY have really been the only ones who are talking about real wealth protection. There was a thread a little while back on asset protection that would be a good read to those interested.

Yeah, the OP just created a sleeper account and used the forum headline to garner hits to this post and promote Bitcoin, which he's obviously invested heavily in.

Kind of like Ted Cruz, thinks he's clever but it's really transparent.

Post: #37

Be long gold, physical, of course. Have no counterparty risk. For thousands of years it has preserved its purchasing power. There is only about 2/3 oz. of gold for each person in the world. The squeeze is in and when the music stops you want to be having some fucking gold and not paper currency.

Know what your currency is and what it is not, because it is not money. Millenials will get crushed this cycle.

Post: #38

Expanding on DVY´s post; obtain the actual stock certificates (you can have your broker order them for you), and if the safe deposit box is at an entity like a bank, you should read the agreement as you will find that their fiduciary obligation with you can be super-ceded when some entity wants to view your contents (to include gold and cash, unlike 20 or 30 years ago).
Setting up trusts (on shore or off shore) through your name or a company name (that can be a creation) are paths to consider.

Consider these posts and the threads where they are posted.

/thread-3939-...pid1198461

/thread-31906...pid1204118

Post: #39

(02-14-2016 02:58 AM)wroclove Wrote:  Be long gold, physical, of course. Have no counterparty risk. For thousands of years it has preserved its purchasing power. There is only about 2/3 oz. of gold for each person in the world. The squeeze is in and when the music stops you want to be having some fucking gold and not paper currency.

Know what your currency is and what it is not, because it is not money. Millenials will get crushed this cycle.

So when the music stops and fiat currencies are worthless and the world is in turmoil and chaos what can you do with your gold?

Post: #40

I don't like Bitcoin. It's too volatile. Roosh should however open a Coinbase account and use the receive address for donations. He should move the donations immediately into USD to avoid the volatility.

Back to the OP's original not subtle bitcoin plug point, I think having a stash of gold coins and some US bills in paper is a good means of keeping yourself safe. If SHTF in your 3rd world paradise use that money to get to an embassy and wait to get lifted back to America.

Post: #41

Its more based on how the US and other countries reporting requirements are. Most countries if you own a minority share under 5%, you have no reporting requirements.

Under 1% you can probably be liquid in less than 7 days tops. Stanley Druckenmiller can basically move in and out of markets even w/5 billion+ in less than 24 hours.

I personally wouldn't like to hold certificates because if lost or burned, its basically gone.

Id prefer to hold it in a trust account via a trusted fiduaciary advisor (Northern Trust is a big one). These can be held in an LLC or trust for privacy purposes. Delaware, Nevada or offshore. You pay a nominal setup fee and a trading fee of one cent per share.

This is all based on white papers and research but its essentially privacy to the max, almost completely liquid and can be invested across nations.

Id say somebody can be worth a billion dollars and an average person would have zero clue. Thats how easy it is. Shell Gas is 400B, Exxon Mobil is 300ish B, APPL is 500ishB. Thats alone is over a trillion dollars. Even if you have .25% of each company (minority share way below reporting limits and a blip in terms of ownership) you are looking at $3 billion dollars of wealth that is essentially bulletproof and will pay you between 3-5% dividends a year. There is no way a sane person would structure his holding like that, but thats just a brief example of how easy it is to be invisible in plain sight and also be fully invested.

3B is a rounding error in the global economy. What does that say about 100MM or even 10M. Some people make 10M/year and don't even blink.

Post: #42

(02-08-2016 06:01 PM)debeguiled Wrote:  I know it is a cliche, but what is wrong with gold?

One small thing to remember about gold is that when sold, it is taxed the same as any capital gain is. So you'll need to keep records about when you bought it so that you can correctly figure the cost basis.

Post: #43

(02-15-2016 05:27 PM)Teutatis Wrote:  So when the music stops and fiat currencies are worthless and the world is in turmoil and chaos what can you do with your gold?

The same thing that you were doing with the fiat currency? I've never really understood the "what is gold good for" line of thinking, that gets tossed around in gold discussions.

Gold has been a standard of exchange for as long as history can document. No other medium of exchange, across every culture and people on the planet can touch it. I would like to understand the reasoning behind the idea that gold will suddenly lose all value in an economic collapse.

I can't wrap my head around that concept.

Post: #44

A MadMax scenario is a low probability event (but not unthinkable), even with economic problems (or chaos). That is why you can have lots of rounds to send down range (and the means to send them down range), things to trade (of which silver or gold coins are a small samples), medical supplies, food, a group of amigos to band together to defend or go to go raiding. Look at places where the urban areas are war-torn and learn from them. You can plan for various scenarios and put most of your effort into counteracting those that you consider to have the highest probability of occurring. If your outdoor experiences are limited find some type of tracking (or survival) course and learn to become stronger in a harsh environment.

Viewing gold (silver) firstly as a wealth transfer mechanism and secondly as insurance against failures of currencies and the associated loss in confidence in governments is vastly different than looking at them as investments vehicles.

Post: #45

(02-16-2016 11:39 AM)NASA Test Pilot Wrote:  Viewing gold (silver) firstly as a wealth transfer mechanism and secondly as insurance against failures of currencies and the associated loss in confidence in governments is vastly different than looking at them as investments vehicles.

Absolutely. Physical gold is a painful, painful "investment" choice.

Post: #46

if it was a mad max scenario, gold may hold no valuable. Id argue food and guns would be more valuable.

This whole scenario is kind of pointless because if it really got that bad the last thing you'd be worried about is how your $ is holding up.

Youd be worried about survival, food and water.

Post: #47

WikiLeaks accepted donations via PayPal and credit cards. All got blocked after that US cables dump.

Post: #48

(02-15-2016 07:48 PM)The Beast1 Wrote:  I don't like Bitcoin. It's too volatile. Roosh should however open a Coinbase account and use the receive address for donations. He should move the donations immediately into USD to avoid the volatility.

Back to the OP's original not subtle bitcoin plug point, I think having a stash of gold coins and some US bills in paper is a good means of keeping yourself safe. If SHTF in your 3rd world paradise use that money to get to an embassy and wait to get lifted back to America.

A Coinbase account defeats the purpose of what Bitcoin was intended to do, since the user does not control his own private keys. On the other hand, if Roosh follows my simple instructions, he can directly receive Bitcoins to a more sandboxed environment like a cel phone, and then arbitrage those bitcoins out in Russia for over 50% the spot price of Bitcoin on the same day. This practice will eliminate any worries of volatility and actually make Roosh considerably more money, while increasing his security and further disconnecting him from relying on the very system that he tries to convince ourselves to drop every day.

Post: #49

(02-12-2016 08:27 PM)whateverfuckit Wrote:  It's clear you are willfully distorting facts for your own gain.

The PATRIOT Act and other such "ID laws" apply to banks, NOT PayPal, which is NOT a bank. They do NOT have to verify your identity, because they are NOT a bank and thus not federally regulated as such.

STOP distorting facts for financial gain. It's obvious you only created your sleeper account and bought the gold membership to promote Bitcoin. Theres no issue with promoting it, but your dishonest approach is abhorrent.

@whateverfuckit simply has no idea what he is talking about. Bottom line. All it takes is a minute to investigate the rules and regulations issued by FinCEN and local state regulators to know that it is against the rules to not know your customer (AML/KYC).

Any company that holds or transmits a customer's funds in the USA requires an MTL (money-transmitters license) https://www.paypal.com/webapps/mpp/licenses, and any company that exchanges currency or checks and the matter needs a MSB license, both issued by FinCEN.

If @whateverfuckit stopped treating his comments like his username indicates, he'd see that the USA Patriot Act clearly defines the responsibilities of FinCEN in reporting back to homebase (USA PATRIOT Act (U.S. H.R. 3162, Public Law 107-56), Title III, Subtitle B, Sec. 361).

Post: #50

(02-14-2016 01:52 AM)whateverfuckit Wrote:  Yeah, the OP just created a sleeper account and used the forum headline to garner hits to this post and promote Bitcoin, which he's obviously invested heavily in.

Kind of like Ted Cruz, thinks he's clever but it's really transparent.

Its kind of silly to think that OP could have any influence whatsoever on the price of Bitcoin from promoting it on a forum. The Winkelvoss twins held an AMA on Reddit promoting Bitcoin. I don't think that had much an effect on the price at all.

If he were promoting a particular no-name exchange, then that would be a different story. However enough people believe in Bitcoin, that they want to spread the word on its advantages over other forms of currencies/investments .