Now that the Swiss have elected to end an 800 year tradition of freedom, the very people who told Adolf Hitler "no," have elected to live under USA laws. There is an opportunity for other locations to take the lead in banking secrecy.
These are the same Swiss that welcomed the heroic Marc Rich after he single-handedly solved the USA energy crisis in the 1970's and was prosecuted for doing so. Well all good things come to an end.
Surely there is a way to make banking truly secret, that is the bankers have no idea whatsoever who is putting money into an account, so even if bankers wanted to spill the beans they could not.
A free market needs such a bank.
Wednesday, August 19, 2009
The Swiss Roll Over
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