In late 1998 the FDIC proposed new so-called Know Your Customer regulations. These would have forced banks to "monitor" their customers' checking and savings account and report any "unusual transactions" to the federal government. This frightening threat to financial privacy would have forced the banks to:

• Discover your "source of funds"
• Determine your "normal and expected transactions"
• Report any "suspicious activity" to federal investigators

Thanks to a huge Internet campaign called "Stop Bank Spying", the proposal was defeated. As of Monday, March 8, 1999, over 250,000 emails and letters had been sent in with all but a handful (less than 25) being opposed to the banking industry proposal.

It Was All A Smokescreen!

The main goal of the "Stop Bank Spying" campaign was to create public awareness of and opposition to the invasions into our privacy that are going on today. Unfortunately, even now that the KYC proposal has been withdrawn, the war for privacy has been lost a long time ago - at least in the US. The banks have been spying on us for many years, and will continue to do so!

Under regulations issued by the Treasury Department and the five US bank regulatory agencies in early 1996, banks must scrutinize the activity of each customer who walks into their bank and determine whether or not it is "suspicious". Failure to do so could expose bank employees and executives to prosecution, fines and penalties that, in extreme cases, can reach as high as $500,000 and 20 years in prison.

Ready for a shock? Read the article below:

http://www.moneylaundering.com/SAAdec97.htm

You want more? To see how crazy this whole thing has become, read the page below for a list of what could be considered to be a "suspicious activity":

http://www.moneylaundering.com/SARListNew.htm

They Know A Lot About You...

Did you have to fill out a form asking about your name, SS#, address, phone number, job, employer, income etc. when you opened your bank account? Did they make a copy of your passport or driver's license? If so, all this information is already in the bank's database and chances are that they have used it years ago to profile you. Just try depositing $10,000 cash into your bank account (like just after selling your old car) when you normally make $4,000 a month - this will raise more than just one red flag! Don't believe us... try it!

You can even view the secret form that your friendly banker will fill out to report you as a suspected criminal and money launderer. It's on the Web! Just visit the following URL and scroll down to ...

"The Suspicious Activity Report Form"

http://www.moneylaundering.com/resources.htm

This evil system is best described by using the words

which seem to be the way of life in the US nowadays.

Is There A Solution?

You bet there is. That's what the Offshore & Privacy Club is all about. We've been informing the public about the advantages of offshore banking for a long time. For some people it is a concept difficult to understand, some even think it is illegal and "anti-government". Not so! It is (still) perfectly legal to open an offshore bank account, and we would never advise anyone to challange the authority of a legitimate government. History has greatly elaborated on the fact that all empires that become too oppressive eventually vanish and are replaced by nations that have better ways of life. In the long term, all oppressive governments will eventually dig their very own grave.

If you can't wait that long, and one country tries to oppress you, no problem - just go somewhere else! In today's interconnected world it doesn't make any difference in terms of convenience whether you have your money in US Banks (which are all infected by the Federal Reserve Banking Disease, meaning that less than 4% of "your" money on deposit actually exist in cash), or in offshore banks.

It does however make a big difference in terms of privacy and safety:

	Did you know that bank employees who give away account information to third parties will be put into prison in many offshore jurisdictions?
	Did you know that offshore banks issue Maestro, VISA and Mastercard credit & debit cards that enable you to access your money from almost any ATM in the world?
	Did you know that many offshore banks will pay you 10% per year or more for your money on deposit?
	Did you know that you don't have to travel offshore to open or operate an account, but can do it from the privacy of your home via the Internet, fully encrypted and secure?
	Did you know that most offshore banks are privately owned and are NOT part of a compulsory deposit insurance scam? Thus, they have to be run like real businesses as there is no one who will bail them out if they make stupid business decisions...

Wake Up...

The FDIC is certainly still laughing at the great joke they have staged by proposing the "Know Your Customer" regulations. These rules had already been implemented years ago! 99% of the "proposed" Know Your Customer Rules are already in place and practiced by most US banks! Quite frankly, if you value your privacy then about the only solution is to transfer your money offshore immediately... as long as you still can.

The time has come. It appears that an increasing number of individuals is finally waking up and becoming aware of the intolerable invasions of our privacy that have been going on for too long!

...And Take Immediate Action!

If voting, or sending letters of protest to the FDIC for that matter, could really change things, it would have been made illegal a long time ago. And in fact, the FDIC invited comments about something that had already been implemented a long time ago! Now they can proclaim, "Due to public protest we have decided to withdraw these proposed rules." ... but it was all a prank, a joke.

You can definitely give a much stronger signal by voting with your money, but only as long as it's still possible! Sure, those pre-y2k plans to establish martial law and turn the US into a cashless society virtually overnight might be from the table for some time, but they certainly aren't gone! They have just been put into that secret drawer labeled "United Slaves of America - Dark Plans & Evil Dreams of the Power-Crazy Elite".

What else can we say? You have to experience privacy to really enjoy its benefits. Get started today, you will never want to look back!

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