Suze

UBS and the "Surprise" over Private Banking

Many of the US senators and congressman are all also private banking clients. They know all to well of the scheme of private banking.

Many American private banks practice/copy what UBS does. Look at Merrill Lynch, Citibank, JPMorgan, Northern Trusts, Goldman Sachs, Morgan Stanley who send their private bankers to Indonesia, flying into Indonesia on Monday and going back to Singapore on Friday, staying in hotels in Jakarta. Each of these private bankers is instructed to write on the Indonesian immigration form that s/he is going to Indonesia for other reasons, other than TAKING MONEY from the country, bad mouthing about Indonesia, and helping rich people in Indonesia hide their money from the tax authority of Indonesia.

On another note.
The best place to hide money for Americans is CHINA. The Chinese government will not be willing to be indoctrinated by any government in the world including the US and the CNY keeps on appreciating (it should go as high as 1USD=5CNY).