Swiss to Give Up EVERYTHING & EVERYBODY

As of January 1, 2016, Switzerland is handing over the names of everyone who has anything stored in its Swiss freeport customs warehouses. For decades, people have stored precious metals and art in Swiss custom ports — tax-free — as long as they did not take it into Switzerland.

Now any hope on trusting Switzerland is totally gone. That’s right — the Swiss handed over everyone with accounts in its banks. Now, they must report the name, address, and item descriptions of anyone storing art in its tax-free custom ports. This also applies to gold, silver, and other precious metals along with anything else of value.

Back in 1986, the FBI walked into my office to question me about where Ferdinand Marcos (1917–1989) stored the gold he allegedly stole from the Philippines. Marcos had been the President of the Philippines from 1965 to 1986 and had actually ruled under martial law from 1972 until 1981. I told them that I had no idea. They never believed me, as always, and pointed out that Ferdinand Marcos was a gold trader before he became president and he made his money as a trader. They told me he was a client and that I had been on the VIP list for the grand opening of Herald Square in NYC, which he funded through a Geneva family. I explained that I never met him, and if he were a client, he must have used a different name.

But the rumor was that the gold was stored in the Zurich freeport customs warehouse. His wife, Imelda, was famous for her extravagant displays of wealth that included prime New York City real estate, world-renowned art, outlandish jewelry, and more than a thousand pairs of shoes. Reportedly, there is a diamond tiara containing a giant 150-carat ruby that is locked up in a vault at the Swiss central bank. Some have valued it at more than US$8 million. The missing gold that people have spent 30 years searching for will surface if there are mandatory reports on whatever is hidden in the dark corners of these warehouses.

This action to expose whatever whomever has everywhere in Switzerland may cause many to just sell since they will be taxed by their governments for daring to have private assets. They will not be able to get it out once it sees the light of day for every government is watching.

The Swiss should have joined the Euro. What is the point of remaining separate when you  surrender all your integrity and sovereignty anyway? This is what bureaucrats are for. They act on their own circumventing the people.

Welcome to the New Age of hunting for loose change. Your sofa and car glove box are next. Oh yeah — what about gold or silver fillings in your mouth? Time to see the dentist?

I returned from Berlin dressed casually in jeans for the overnight flight. I was so busy with meetings I hadn’t the time to even buy a t-shirt. When I collected my luggage, I was pulled by customs. They didn’t care that I had absolutely ZERO to declare. Their first question: “How much cash do you have on you?” I said about $2,000 and off I went. I even had a withdraw slip from before I left just in case something happened or if my wallet was stolen. I hadn’t spent that either.

They searched everything right down to computers and power cords. The only other time that has taken place was last year when I traveled into London. They wanted to see my ticket and where it was purchased. Was I really returning to London or just visiting? They asked the same question:  “How much cash do you have on you?” In both cases, they were not interested in trinkets. The are looking for CASH.

The hunt for money is getting really aggressive. Couples with children were not being pulled over. I, traveling alone, became the target. In the case of London, I was dressed in a tie jumping on the train from Brussels after high levels meetings there. OK, I thought, perhaps I stood out since everyone else was casual that day being formally dressed. This time, I was casual. That did not matter. Perhaps they profile those traveling alone. Guess a new business will emerge where you rent a family to travel.