UBS tried to become the solution for US citizens who wanted offshore banking and investing and who were afraid to go offshore in the complete sense of the word.  Now hundreds if not thousands of people are facing the beginning of what could be one of the largest crack downs on a financial institution ever seen in the history of mankind.  What will this mean for the rest of the world as well as the future of the offshore investing industry?  Well, many claim that the offshore industry will collapse and the entire offshore banking sector will go under.  This is far from true as most offshore jurisdictions take into consideration all of the aspects that onshore banking either denies or avoids considering.  One of the most important being that of banking privacy.  One of the main reasons for all of the commotion with UBS is simple, the US is now under an enormous amount of pressure to repatriate the largest amount of money that they can possibly put their hands on in order to try to deter some of the damage the US Treasury is doing on a daily basis.  The printing presses are running at full force and the Franklin’s are coming off of the presses at never before seen speeds.  If Franklin were alive today he would be very upset to know that he will soon not even be worth the paper that he is printed on.  So Obama and his predecessor will take what they think will be the easiest route – scare the money back into the country and find out who else has money elsewhere.  So in all reality, UBS is like a tin can, fill it with money and dig a hole in the bank yard and bury it.  Nobody thought that Uncle Sam would buy a metal detector and come snooping in your backyard.