Why Be a Multi Currency Investor Abroad?


Three reasons why we should all be multi currency investors abroad and can help us create an international micro business opportunity.

jgam advisors

Gary Scott meeting with his JGAM advisers Anders Nielsen and Thomas Fischer.   See how this can help you begin a business.

Listen to an interview with Thomas Fischer about the JGAM Introducer program here.

More Americans are starting their own businesses than ever before.  Necessities created by global economic evolution and the chance created by modern technology to get out of the rat race to really pursue one’s dreams have developed this huge evolutionary flow.

Readers can gain enhanced success from our online courses on how to develop any type of micro business.

If you have an idea or have started your own business, our courses can help… but if you don’t have a business idea, our turnkey business program can assist you even more.

One idea is to be an introducer to Jyske Global Asset Management.  Why bank abroad? Because there are three good reasons why one should hold assets abroad.

First, European banks have more experience in multi currency investing.

Second, European banks provide more service in multi currency investing.  Can your US banker offer you accounts in three, four even a dozen currencies and provide you loans in euro and yen?  Most overseas banks can.

Third, European banks offer asset protection.  Loss of assets through litigation and liability are major concerns on the USA.  Now there is a growing concern… government seizure of the assets of totally innocent people.

This is already a problem and as local governments have tighter budgets during the economic downturn this trend may grow.

The excerpts below from an August 22, 2011 Wall Street Journal article entitled “Federal Asset Seizures Rise, Netting Innocent With Guilty” by John R. Emshwiller and Gary Fields explains why. There is a link to the full article below and bolds are mine:

New York businessman James Lieto was an innocent bystander in a fraud investigation last year. Federal agents seized $392,000 of his cash anyway.

James Leito, far right, fought to recoup $392,000 seized in a fraud case in which his small business was an innocent bystander.

An armored-car firm hired by Mr. Lieto to carry money for his check-cashing company got ensnared in the FBI probe. Agents seized about $19 million—including Mr. Lieto’s money—from vaults belonging to the armored-car firm’s parent company.
He is one among thousands of Americans in recent decades who have had a jarring introduction to the federal system of asset seizure. Some 400 federal statutes—a near-doubling, by one count, since the 1990s—empower the government to take assets from convicted criminals as well as people never charged with a crime.

Last year, forfeiture programs confiscated homes, cars, boats and cash in more than 15,000 cases. The total take topped $2.5 billion, more than doubling in five years, Justice Department statistics show.

The expansion of forfeiture powers is part of a broader growth in recent decades of the federal justice system that has seen hundreds of new criminal laws passed. Some critics have dubbed the pattern as the overcriminalization of American life. The forfeiture system has opponents across the political spectrum, including representatives of groups such as the American Civil Liberties Union on the left and the Heritage Foundation on the right. They argue it represents a widening threat to innocent people.

“We are paying assistant U.S. attorneys to carry out the theft of property from often the most defenseless citizens,” given that people sometimes have limited resources to fight a seizure after their assets are taken, says David Smith, a former Justice Department forfeiture official and now a forfeiture lawyer in Alexandria, Va.

Forfeiture law has its roots in the Colonial days, when it was used to battle pirates and smugglers. In the 1970s and 1980s, Congress began giving law-enforcement officials power to go after the assets of other criminals, such as organized-crime figures.
The more than 400 federal statutes allowing for forfeiture range from racketeering and drug-dealing to violations of the Northern Pacific Halibut Act, according to a December 2009 Congressional Research Service report. The report shows that seizure powers were extended to about 200 of those laws in 2000 in a major congressional overhaul of the forfeiture system.

Top federal officials are also pushing for greater use of civil-forfeiture proceedings, in which assets can be taken without criminal charges being filed against the owner. In a civil forfeiture, the asset itself—not the owner of the asset—is technically the defendant. In such a case, the government must show by a preponderance of evidence that the property was connected to illegal activity. In a criminal forfeiture, the government must first win a conviction against an individual, where the burden of proof is higher.

Raul Stio, a New Jersey businessman, is caught up in the civil-forfeiture world. Last October, the Internal Revenue Service, suspicious of Mr. Stio’s bank deposits, seized more than $157,000 from his account. Mr. Stio hasn’t been charged with a crime.

In a court filing in his pending civil case, the Justice Department alleges that Mr. Stio’s deposits were structured to illegally avoid an anti-money-laundering rule that requires a cash transaction of more than $10,000 to be reported to federal authorities. Mr. Stio made 21 deposits over a four-month period, each $10,000 or less, the filing said.

Steven L. Kessler, Mr. Stio’s attorney, says there was no attempt to evade the law and that the deposits merely reflected the amount of cash his client’s businesses, a security firm and bar, had produced. Mr. Stio was saving to buy a house, he says.

It’s tough to know how many innocent parties may be improperly pulled into the forfeiture system. Last year, claimants challenged more than 1,800 civil-forfeiture actions in federal court, Justice Department figures show.

Part of the debate over seizures involves a potential conflict of interest: Under a 1984 federal law, state and local law-enforcement agencies that work with Uncle Sam on seizures get to keep up to 80% of the proceeds.

Last year, under this “equitable-sharing” program, the federal government paid out more than $500 million, up about 75% from a decade ago.
The payments give authorities an “improper profit incentive” to seize assets, says Scott Bullock of the Institute for Justice, a libertarian public-interest law firm in Arlington, Va. It’s a particular concern amid current state and local government budget problems, he contends.

Justice Department officials say the 8,000 state and local agencies in the equitable-sharing program have greatly expanded the federal government’s ability to go after criminal activities, particularly the movement of drugs and drug cash along the nation’s highways. The program is monitored to ensure seizures are handled properly, they add.

Seeming abuses occasionally emerge. In 2008, federal Judge Joseph Bataillon ordered the return of $20,000 taken from a man during a traffic stop in Douglas County, Neb. Judge Battaillon quoted from a recording of the seizure, in which a sheriff’s deputy complained about the man’s attitude and suggested “we take his money and, um, count it as a drug seizure.”

The judge’s order said the case produced “overwhelming evidence” that the funds were clean.

Jorge Jaramillo, a construction worker, says he couldn’t afford a lawyer after more than $16,000 was seized from him last year in a traffic stop. “I had all of $20 left,” he says.

In a Delaware federal-court filing, the Justice Department argued the money was related to drug dealing. It pointed to air fresheners in the car, which could mask the smell of drugs, and a fast-food bag containing cigar tobacco, which the filing said was often a sign that the cigar wrapper had been used to smoke marijuana.

The filing also said a police dog had signaled that the cash carried residue of illegal drugs. Such “dog sniffs” are a common but controversial feature in forfeitures.

Mr. Smith, the Virginia attorney, represented Mr. Jaramillo at no upfront cost. In court documents, Mr. Jaramillo, who wasn’t charged with a crime, said he was carrying the money because he was traveling to buy a car from a seller who wanted cash.

The government in May agreed to return Mr. Jaramillo’s money, with interest. Mr. Smith was also awarded $6,000 in attorney’s fees. Under Cafra, attorneys’ fees in civil-forfeiture cases are at least partially payable if the claimant wins.

Mr. Lieto, the New York businessman, discovered the frustrations an innocent party can face as he worked for months to keep open his check-cashing business after federal agents seized his firm’s working capital.

Under the law, an innocent third party generally can’t seek an asset’s return until the underlying criminal case is resolved, which can take time.

This problem that has been around for some time.  In the mid 1990s, Reason Magazine told incredible tales of seizures across the USA, from California to New Hampshire, Florida to Idaho.

An excerpt from that article (which is linked below) shows how anyone with over $100 cash was targeted for seizure:   Daytona Beach. In June 1992, the Orlando Sentinel revealed that Volusia County Sheriff Bob Vogel had created a special police drug squad which preyed upon thousands of innocent motorists driving on U.S. Interstate 95. Operating under a broadly written Florida law allowing police seizure of cash and property based on probable cause without arrests in suspected felony cases, the police engaged in pure highway robbery.

Police conduct was guided by no written rules and reviewed only by the sheriff, who controlled all funds confiscated. Any motorists stopped who had $100 or more in cash were assumed to be a drug trafficker, and their money was taken. From 1989 until the bad publicity in 1992, the squad seized more than $8 million in cash from motorists, mostly blacks and Latinos, and in only four cases did the innocent owners get all their money back.

Yet the concerns about unfair seizures may grow.  As the economy works its way through a low ebb, counties and states desperate for additional finance are encouraged to grab more.

Holding assets outside the US makes it almost impossible for assets to be confiscated without due process.   There are other benefits to holding assets in more than one banking system… added safety… increased broader and more multi currency services… but asset protection is a major reason to bank in more than one country.

This fact also creates a business opportunity wherever you live.

Gary

Our online business courses about can help anyone who has a business idea.

We provide three e-courses that can help you develop your own micro business that we designed to help you earn anywhere you live in the world.

International Business Made EZ ($299)

Self Fulfilled – How to be a Self Publisher ($499)

Event – Full How to Earn With  Your Own Seminars ($349)

For those who want a turnkey start up, we have started a program to help our readers create their own micro business working with these businesses we have used and like ourselves.   You can become an introducer, referrer, dealer or distributor to a number of businesses we recommend.

This creates really unique global business potential tied together with our communication system… training… communicating and networking.

We are starting with these five businesses first.

#1: Jyske Global Asset Management  (JGAM)
#2: Bio Wash
#3: Candace Newman Essential Oils
#4: Roses
#5: Ecuador Imbabura Export Products

After attending our International Business and investing seminar on October 7-8-9, you will be qualified to enroll for referrer, distributor and dealer programs above and any others we develop. 

Enrolling in any of our online business development courses and attending one seminar provides full qualification to apply for all programs we provide for a year.

Early enrollment for our October 7-9 North Carolina Course click here for details.

We have started the beta program, and the good news is that we are not charging a penny more more.  Our International Business Made EZ online course and our International Business Made EZ seminars remain the same price though we’ll now offer subscribers an entrance to doing business with many turnkey businesses.

The overall service can bring you the following benefits:

#1: Connect you via our our online course “International Business Made EZ” to here and now specific business opportunities.

#2: Keep you in touch with other readers in the program, share business tips, ideas contacts and even website support in some instances.

Our first turnkey business program is Jyske global Asset Management because our activities as publishers has a synchronicity with Jyske and JGAM.   We have been able to combine our training, communications and lead generation abilities with their financial organization.

An introducer does not have to be a registered as an investment adviser but JGAM does have a due diligence requirement. JGAM will also expect a certain amount of referrals per year though this amount has not been determined… hence this beta offer.

JGAM pays a percentage of their fee to the introducer up to a maximum 25% of their fee. This not only offers an excellent income generating opportunity but creates a potential long term income stream because JGAM keeps paying the fee as long as the client remains a client. Fees are paid on a quarterly basis.

There is also potential for growing long term income because JGAM pays the introducer based on the total assets under management.  If a referred client makes additional payments, the referrer will be paid on the total amount.

For example if an introducer refers a client who invests a minimum $100,000 and the annual fee is 2%, the referrer earns $500 per annum basic fee (as long as the customer remains with JGAM)… plus if the assets grow either through portfolio growth or added deposits… so too does the referrer’s fee.

We have set our first training JGAM training session for October 10, 2012.

This program will allow subscribers to any of our  online courses who have attended an International Business Made EZ seminar to become introducer for JGAM.

We have been working with Jyske Bank for over 20 years and Jyske Global Asset Management, a Jyske Bank wholly owned subsidiary. We started talking to Thomas Fischer Senior VP about an referral program for some time.  Finally,we introduced this opportunity for the first time at our June 2011 seminar.  The response was overwhelming.

Jyske Bank employs a staff of about 4,000 and operates 116 Danish branches, which makes it the second largest independent Danish bank. They offer a full range of financial solutions to retail as well as small and medium-sized corporate clients.

We have always liked Jyske because they are one of Europe’s largest currency traders and offer very simple but sophisticated multi currency investing services.  They are one of Europe’s largest currency traders and dealers.

We have especially enjoyed our business relation with Jyske because being open and honest is one of the core values of the bank group. Traditionally, Jyske formulates and communicates its values – and the way they understand and live by them – to the surrounding world. They work hard offering shareholders, customers and employees balanced opportunity.

We especially like the fact that Jyske employees are not paid bonuses.  No multi million pay outs are in the system that might temp staff to distort earnings or take undue risks.

Here is how you can apply for this program.

To start as a introducer,  there is first the compliance process with Jyske Bank.

Once that process is complete, our IBEZ system helps educate and assist the introducer.

First… once a introducer has been approved by JGAM, and the introducer has completed our online course International Business Made EZ course and attended one of our  international investing and business seminars they can attend an exclusive training seminar at our farm.

We have a…

little-horse-creek

creekside…

little-horse-creek

seminar hall where…

little-horse-creek

unless the group grows too large, we’ll meet.   We’ll have lunch  on the deck looking over Little Horse Creek.

JGAM and our company conduct this one day intensive training for introducers the day after each International Investing and Business seminar.

The first such seminar will be conducted Monday, October 10, 2011 immediately after our October 7-8-9 International Investing and Business Seminar in West Jefferson, North Carolina.

Part of the JGAM program is designed so we can assist referrers by referring readers in their locale to them.  So for example if an introducer is in Miami, we will send special emails to our readers in that area, help organize mini seminars… etc.

We can zero in as close as 20 miles to a location so for example we can send a separate email to every reader within 20 miles of the address of a referrer.  And although we won’t release the names in that area, we can send them a note of the opportunity.

We will also provide an introducer communication forum and update training as well as portfolio and investing ideas.  We have general plans at this stage but find the best way to develop systems is to refine through action. We expect our beta program this year to clarify how we can best help our readers become introducer and how we can help them succeed.

Step one is to start the compliance process with JGAM.  Thomas Fischer  can send you the Introducer Questionnaire and Terms of Business.

thomas-fischer

Thomas Fischer senior VP JGAM.

Listen to an interview with Thomas Fischer about the JGAM Introducer program here

Thomas Fischer’s email is fischer@jgam.com

This will begin the process of establishing a relationship with JGAM.  Once this relation is approved and verified, then you will be able to enroll in the introducer training.

You must complete one of the online business development courses above and attend an International Business and Investing Seminar to be eligible for the October training.

All of our readers are invited to enroll in our International Business Made EZ Online Course and our International Business and Investing Seminar at any time.

Satisfaction Guaranteed.  Three Guarantees.

There is no guarantee that JGAM will approve your application as a introducer just because you enroll in the seminar or take the online course so we make two special guarantees.

First Guarantee. Regarding the online course International Business Made EZ.  Enroll in this course. Take it and if you are not satisfied for any reason within 30 days… let us know and we’ll give you a full refund.

Second Guarantee. Enroll in our October 7-8-9 International Business & Investing Seminar.  I’ll send you a recording of the June seminar now so you better understand what these seminars are and how they help you.  If you are not happy with what you hear, let us know within 30 days and we’ll give you a full refund. You keep the recorded seminar as our thanks.

Third Guarantee.  Your earnings potential has this guarantee.  First, any time between now and October… before you attend the International Business and Investing seminar if you fail to qualify as a JGAM introducer or change your mind before attending the International Business and Investing seminar you can ask for a full refund.

Join us for our October 7-9 North Carolina Course click here for details.

Read the entire Wall Street Journal article  Federal Asset Seizures Rise, Netting Innocent With Guilty

Read Wall Street Journal article County Sheriff Enjoys Fruits of Forfeitures

Read Reason article Exclusive Justice  Good faith breeds bad cops

 


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