The Tenther Grapevine
This is a real bank, that deals in real money.
In other words, you can open accounts in any denomination you want, whether fiat currency OR gold bullion — whatever you’d like.
You can even get a “gold debit card” that you can use anywhere in the world. It’s backed by actual gold, which converts to whatever currency you’re needing at the time you hit that ATM.
It’s the sort of thing that the Constitutional Tender Act calls for in banking…
…Well, there is one caveat: you can’t open an account at this bank if you’re a U.S. citizen.
U.S. security laws have become so intrusive, burdensome, and expensive to comply with, that it made it difficult for Schiff to offer his services to his non-U.S. clients on a globally-competitive basis. So, he opened his bank offshore, in St. Vincents and the Grenadines. Since it operates outside the jurisdiction of U.S. security regulations, and does not accept accounts from American citizens or residents, U.S. regulations don’t apply.
As a result, this offshore bank can offer a far more robust platform of services, with less hassle and at lower cost, than Schiff’s U.S. brokerage firm. In addition, bank clients’ privacy is protected by strict bank secrecy laws of St. Vincents and the Grenadines.
So, if you’d like to finally open a bank account backed by real money –sound money — that you can have at your fingertips (literally!) at any time — well, now you can…
…Unless you’re American.
That needs to change.
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[...] see more of Schiff’s statement, click here and scroll down to the bottom of the page to see the video attached. Filed Under: Breaking [...]
@FlxLim Fully reserve bank. Not advertise loans. Not engage in any funny business with client funds http://t.co/Oi0Invyi #PeterSchiff
@FlxLim Fully reserve bank. Not advertise loans. Nengage in any funny business with client funds http://t.co/Oi0Invyi #PeterSchiff
@FlxLim http://t.co/Oi0Invyi
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@darenpa72 (1) As it says, I love to communicate…Why should the ECB gentlemen NOT put all of Greece’s land up for sale? WHILST also not
@Alisteratwork XD U♥2link!
Still haven’t watched your Herbener video linked earlier!
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[...] by Bill Greene Tenthamendmentcenter.com [...]
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This is great! I wish it were open to U.S. citizens, but perhaps in time such a bank will come home. I’m curious if this will be a full service bank, and if so, if it will go the same route as fractional reserve banks.
[...] Austro-libertarian/AnCap/Market Anarchist circle jerk thread Peter Schiff Opens Hard-Money Bank __________________ State is the name of the coldest of all cold monsters. Coldly it tells lies [...]
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