Subject: This is panic: Smuggling diamonds out of India To: charlottehomes@gmail.com If you are having trouble viewing this email, or you'd like to share this article with your friends, click here September 5, 2013 Singapore Asia is a damned excited part of the world. And Singapore is the financial epicenter of all of it. For the last 24-hours, banker and fund manager friends of mine have been telling me stories about oil refinery deals in North Korea, their crazy investments in Myanmar, and the utter exodus of global wealth that is finding its way to Singapore. My colleagues reported that in the last few weeks they've begun seeing two new groups moving serious money into Singapore-- customers from Japan and India. Both are very clear-cut cases of people who need to get their money out of dodge ASAP. In Japan, the government has indebted itself to the tune of 230% of GDP... a total exceeding ONE QUADRILLION yen. That's a "1" with 15 zerooooooooooooooos after it. And according to the Japanese government's own figures, they spent a mind-boggling 24.3% of their entire national tax revenue just to pay interest on the debt last year! Apparently somewhere between this untenable fiscal position and the radiation leak at Fukishima, a few Japanese people realized that their confidence in the system was misguided. So they came to Singapore. Or at least, they sent some funds here. Now, if the government defaults on its debts or ignites a currency crisis (both likely scenarios given the raw numbers), then those folks will at least preserve a portion of their savings in-tact. But if nothing happens and Japan limps along, they won't be worse off for having some cash in a strong, stable, well-capitalized banking jurisdiction like Singapore. India, however, is an entirely different story. It's already melting down. My colleagues tell me that Indian nationals are coming here by the planeful trying to move their money to Singapore. Over the last three months, markets in India have gone haywire, and the currency (rupee) has dropped 20%. This is an astounding move for a currency, especially for such a large economy. As a result, the government in India has imposed severe capital controls. They've locked people's funds down, restricted foreign accounts, and curbed gold imports. People are panicking. They've already lost confidence in the system... and as the rupee plummets, they're taking whatever they can to Singapore. As one of my bankers put it, "They're getting killed on the exchange rates. But even with the rupee as low as it is, they're still changing their money and bringing it here." Many of them are taking serious risks to do so. I've been told that some wealthy Indians are trying to smuggle in diamonds... anything they can do to skirt the controls. (This doesn't exactly please the regulators here who have been trying to put a more compliant face on Singapore's once-cowboy banking system...) The contrast is very interesting. From Japan, people who see the writing on the wall just want to be prepared with a sensible solution. They're taking action before anything happens. From India, though, people are in a panicked frenzy. They waited until AFTER the crisis began to start taking any of these steps. As a result, they're suffering heavy losses and taking substantial risks. The same contrast holds true for anyone else. Each of the international diversification topics we routinely discuss-- like establishing a foreign bank account or second residency overseas-- make sense in theory, on an intellectual level. But they might not be a priority right now. Life gets in the way. Looking at the contrast between these two groups, though, underscores how important it is to take these steps early while the window of opportunity is still open. Until tomorrow, Simon Black Senior Editor, SovereignMan.com Where is the best place to bank in the world? This is the most common question that Sovereign Man: Confidential members have. Followed by "Where should I establish residency and move to?" The answers of course depend on each specific situation, but in this month's issue we set ourselves a monumental task of analyzing and identifying the best set of options that would suit just about anybody. This month's seminal issue of SMC includes: • A detailed analysis of respective banking systems of selected jurisdictions. We look at things like central bank capitalization, central government debt levels, commercial bank capitalization, and commercial bank liquidity. • All this is broken down to identify which is the safest bank and the safest currency in the world, which jurisdictions are best for corporate banking, where the risk and reward ratios are favorable etc. Everything summarized for you in a user-friendly cheat sheet. • The best residency and immigration options in the world. Find out which are the two best places to establish residency with a view of obtaining a second passport-- without the need of actually moving there. • What are the best and easiest passports to acquire if you actually want to uproot your life and move to a new place. All in a systematic overview, designed to give you a direction immediately. • A boots on the ground account from Iceland. The country was the first victim of the financial collapse of 2008. It's still in a very poor state, with a default and a significant restructuring inevitable. • But it also has a lot going for it. That's why I'm so excited about its potential once it's forced to pull out all the stops and attract foreign capital. The opportunities for those prepared will be immense. It should definitely be on your radar. • An extended set of questions, ranging from what to look for when setting up an offshore corporate bank account to the best deals for farmland in the world right now. To get immediate access to the knowledge contained within this month's issue, and all the back issues, click here to get the full details on your invitation to join Sovereign Man: Confidential today. ________________________________________ Follow Sovereign Man Facebook Twitter Google+ 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-- accountant, financial planner, attorney, priest, IRS auditor, Tim Geithner... Also, nothing published in this letter constitutes encouragement to avoid or evade tax obligations in your home country. Furthermore, you should understand that SovereignMan.com may in some instances receive financial compensation for products and/or services which are mentioned in the letter, and in other cases, SovereignMan.com receives no compensation. The needs of the community come first, and the presence or lack of financial compensation in no way affects the recommendations made in this letter. If you no longer wish to receive our emails, click the link below: Unsubscribe Blacksmith Pte. Ltd. publisher of Sovereign Man No.4 Kiarong Complex Gadong 2nd Floor Block D BSB, Brunei-Muara BE1318 Brunei Darussalam

Subject: This is panic: Smuggling diamonds out of India

If you are having trouble viewing this email, or you'd like to share this article with your friends, click here September 5, 2013 Singapore Asia is a damned excited part of the world. And Singapore is the financial epicenter of all of it. For the last 24-hours, banker and fund manager friends of mine have been telling me stories about oil refinery deals in North Korea, their crazy investments in Myanmar, and the utter exodus of global wealth that is finding its way to Singapore. My colleagues reported that in the last few weeks they've begun seeing two new groups moving serious money into Singapore-- customers from Japan and India. Both are very clear-cut cases of people who need to get their money out of dodge ASAP. In Japan, the government has indebted itself to the tune of 230% of GDP... a total exceeding ONE QUADRILLION yen. That's a "1" with 15 zerooooooooooooooos after it. And according to the Japanese government's own figures, they spent a mind-boggling 24.3% of their entire national tax revenue just to pay interest on the debt last year! Apparently somewhere between this untenable fiscal position and the radiation leak at Fukishima, a few Japanese people realized that their confidence in the system was misguided. So they came to Singapore. Or at least, they sent some funds here. Now, if the government defaults on its debts or ignites a currency crisis (both likely scenarios given the raw numbers), then those folks will at least preserve a portion of their savings in-tact. But if nothing happens and Japan limps along, they won't be worse off for having some cash in a strong, stable, well-capitalized banking jurisdiction like Singapore. India, however, is an entirely different story. It's already melting down. My colleagues tell me that Indian nationals are coming here by the planeful trying to move their money to Singapore. Over the last three months, markets in India have gone haywire, and the currency (rupee) has dropped 20%. This is an astounding move for a currency, especially for such a large economy. As a result, the government in India has imposed severe capital controls. They've locked people's funds down, restricted foreign accounts, and curbed gold imports. People are panicking. They've already lost confidence in the system... and as the rupee plummets, they're taking whatever they can to Singapore. As one of my bankers put it, "They're getting killed on the exchange rates. But even with the rupee as low as it is, they're still changing their money and bringing it here." Many of them are taking serious risks to do so. I've been told that some wealthy Indians are trying to smuggle in diamonds... anything they can do to skirt the controls. (This doesn't exactly please the regulators here who have been trying to put a more compliant face on Singapore's once-cowboy banking system...) The contrast is very interesting. From Japan, people who see the writing on the wall just want to be prepared with a sensible solution. They're taking action before anything happens. From India, though, people are in a panicked frenzy. They waited until AFTER the crisis began to start taking any of these steps. As a result, they're suffering heavy losses and taking substantial risks. The same contrast holds true for anyone else. Each of the international diversification topics we routinely discuss-- like establishing a foreign bank account or second residency overseas-- make sense in theory, on an intellectual level. But they might not be a priority right now. Life gets in the way. Looking at the contrast between these two groups, though, underscores how important it is to take these steps early while the window of opportunity is still open. Until tomorrow, Simon Black Senior Editor, SovereignMan.com         Where is the best place to bank in the world?   This is the most common question that Sovereign Man: Confidential members have. Followed by "Where should I establish residency and move to?" The answers of course depend on each specific situation, but in this month's issue we set ourselves a monumental task of analyzing and identifying the best set of options that would suit just about anybody. This month's seminal issue of SMC includes: A detailed analysis of respective banking systems of selected jurisdictions. We look at things like central bank capitalization, central government debt levels, commercial bank capitalization, and commercial bank liquidity. All this is broken down to identify which is the safest bank and the safest currency in the world, which jurisdictions are best for corporate banking, where the risk and reward ratios are favorable etc. Everything summarized for you in a user-friendly cheat sheet. The best residency and immigration options in the world. Find out which are the two best places to establish residency with a view of obtaining a second passport-- without the need of actually moving there. What are the best and easiest passports to acquire if you actually want to uproot your life and move to a new place. All in a systematic overview, designed to give you a direction immediately. A boots on the ground account from Iceland. The country was the first victim of the financial collapse of 2008. It's still in a very poor state, with a default and a significant restructuring inevitable. But it also has a lot going for it. That's why I'm so excited about its potential once it's forced to pull out all the stops and attract foreign capital. The opportunities for those prepared will be immense. It should definitely be on your radar. An extended set of questions, ranging from what to look for when setting up an offshore corporate bank account to the best deals for farmland in the world right now. To get immediate access to the knowledge contained within this month's issue, and all the back issues, click here to get the full details on your invitation to join Sovereign Man: Confidential today. Follow Sovereign Man Facebook Twitter Google+   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-- accountant, financial planner, attorney, priest, IRS auditor, Tim Geithner... Also, nothing published in this letter constitutes encouragement to avoid or evade tax obligations in your home country. Furthermore, you should understand that SovereignMan.com may in some instances receive financial compensation for products and/or services which are mentioned in the letter, and in other cases, SovereignMan.com receives no compensation. The needs of the community come first, and the presence or lack of financial compensation in no way affects the recommendations made in this letter. If you no longer wish to receive our emails, click the link below: Unsubscribe Blacksmith Pte. Ltd. publisher of Sovereign Man No.4 Kiarong Complex Gadong 2nd Floor Block D BSB, Brunei-Muara BE1318 Brunei Darussalam

September 5, 2013 Singapore Asia is a damned excited part of the world. And Singapore is the financial epicenter of all of it. For the last 24-hours, banker and fund manager friends of mine have been telling me stories about oil refinery deals in North Korea, their crazy investments in Myanmar, and the utter exodus of global wealth that is finding its way to Singapore. My colleagues reported that in the last few weeks they've begun seeing two new groups moving serious money into Singapore-- customers from Japan and India. Both are very clear-cut cases of people who need to get their money out of dodge ASAP. In Japan, the government has indebted itself to the tune of 230% of GDP... a total exceeding ONE QUADRILLION yen. That's a "1" with 15 zerooooooooooooooos after it. And according to the Japanese government's own figures, they spent a mind-boggling 24.3% of their entire national tax revenue just to pay interest on the debt last year! Apparently somewhere between this untenable fiscal position and the radiation leak at Fukishima, a few Japanese people realized that their confidence in the system was misguided. So they came to Singapore. Or at least, they sent some funds here. Now, if the government defaults on its debts or ignites a currency crisis (both likely scenarios given the raw numbers), then those folks will at least preserve a portion of their savings in-tact. But if nothing happens and Japan limps along, they won't be worse off for having some cash in a strong, stable, well-capitalized banking jurisdiction like Singapore. India, however, is an entirely different story. It's already melting down. My colleagues tell me that Indian nationals are coming here by the planeful trying to move their money to Singapore. Over the last three months, markets in India have gone haywire, and the currency (rupee) has dropped 20%. This is an astounding move for a currency, especially for such a large economy. As a result, the government in India has imposed severe capital controls. They've locked people's funds down, restricted foreign accounts, and curbed gold imports. People are panicking. They've already lost confidence in the system... and as the rupee plummets, they're taking whatever they can to Singapore. As one of my bankers put it, "They're getting killed on the exchange rates. But even with the rupee as low as it is, they're still changing their money and bringing it here." Many of them are taking serious risks to do so. I've been told that some wealthy Indians are trying to smuggle in diamonds... anything they can do to skirt the controls. (This doesn't exactly please the regulators here who have been trying to put a more compliant face on Singapore's once-cowboy banking system...) The contrast is very interesting. From Japan, people who see the writing on the wall just want to be prepared with a sensible solution. They're taking action before anything happens. From India, though, people are in a panicked frenzy. They waited until AFTER the crisis began to start taking any of these steps. As a result, they're suffering heavy losses and taking substantial risks. The same contrast holds true for anyone else. Each of the international diversification topics we routinely discuss-- like establishing a foreign bank account or second residency overseas-- make sense in theory, on an intellectual level. But they might not be a priority right now. Life gets in the way. Looking at the contrast between these two groups, though, underscores how important it is to take these steps early while the window of opportunity is still open. Until tomorrow, Simon Black Senior Editor, SovereignMan.com         Where is the best place to bank in the world?   This is the most common question that Sovereign Man: Confidential members have. Followed by "Where should I establish residency and move to?" The answers of course depend on each specific situation, but in this month's issue we set ourselves a monumental task of analyzing and identifying the best set of options that would suit just about anybody. This month's seminal issue of SMC includes: A detailed analysis of respective banking systems of selected jurisdictions. We look at things like central bank capitalization, central government debt levels, commercial bank capitalization, and commercial bank liquidity. All this is broken down to identify which is the safest bank and the safest currency in the world, which jurisdictions are best for corporate banking, where the risk and reward ratios are favorable etc. Everything summarized for you in a user-friendly cheat sheet. The best residency and immigration options in the world. Find out which are the two best places to establish residency with a view of obtaining a second passport-- without the need of actually moving there. What are the best and easiest passports to acquire if you actually want to uproot your life and move to a new place. All in a systematic overview, designed to give you a direction immediately. A boots on the ground account from Iceland. The country was the first victim of the financial collapse of 2008. It's still in a very poor state, with a default and a significant restructuring inevitable. But it also has a lot going for it. That's why I'm so excited about its potential once it's forced to pull out all the stops and attract foreign capital. The opportunities for those prepared will be immense. It should definitely be on your radar. An extended set of questions, ranging from what to look for when setting up an offshore corporate bank account to the best deals for farmland in the world right now. To get immediate access to the knowledge contained within this month's issue, and all the back issues, click here to get the full details on your invitation to join Sovereign Man: Confidential today. Follow Sovereign Man Facebook Twitter Google+