I was looking at getting a Swiss Bank account a while ago, just one minor problem - don't have any money to put in it. But if I ever did, then I figured I might as well do the leg work now in preparation for the point in the future I might need one.
What I did realize quite early on is that if I were to invest in a Swiss Bank (or Norwegian bank, etc.) I would have to make sure they didn't have any branches, operations or investments in the US because then this could happen.
Serves you foolish Swiss Banks right for being dumb enough to invest in the US.
Filed under "capital flight."
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