Congress has just passed a new spending US$410Billion dollar spending bills and Americans are opening offshore bank account services at one of the highest rates ever. This is one of the if not the largest spending bill to pass through congress. Many American citizens feel disgusted as well as betrayed by their government and lawmakers. Since the mortgage crisis and the never ending exposure of fraudulent investments surfacing, the average American has no faith whatsoever in his government. There is only one way that the government can cover all of these expenses as well as cover the cost of all of the poorly managed bailouts that Bush and Obama signed. TAXES! Yes, more taxes and they want to make legal tax avoidance for the average American and small to medium sized business illegal and immoral. Its all over the news papers as well as on CNN and all of the major talk shows concerning the very low level of confidence the American public has about the way the financial crisis is being handled. With the air of uncertainty before the general public and the fear that the current US President will not be able to pull the country out of the stupor in which the previous president left it in, many US Citizens are going offshore and establishing companies as well as bank accounts in offshore jurisdictions. Not only are they seeking ways to reduce their taxes, but they also seek ways to protect their assets from what may be one of the most unstable ans dangerous economical catastrophes to sweep across the US since the Great Depression. In most cases an offshore bank account is the only way many will survive what is to come.
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