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Moving money abroad--insane or smart? [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-03-02
I’m writing to ask for advice from anyone who sees this and would care to respond.
I read somewhere recently (there is so much floating around I can’t tell you who said it) that Trump/Musk are quietly tinkering with the FDIC. Presumably the idea is to cause banks to collapse so they can freeze depositors’ accounts, controlling people by controlling their money.
Is it a good idea to open an account in a foreign bank and get it out of here? If so, where? From the little research I did, it would cost $500K (hah) to open a Swiss account, but apparently there are options that cost far less.
The bank would have to accept direct Social Security and DFAS deposits, as well as salary transfers via Wise. I would also have to be able to use that account to pay bills in the U.S. I’m too old now to emigrate, and besides, the fight is here.
So, do you think this is doable?
Do you have any suggestions about which country would be best? Which bank?
I realize this sounds insane, but so is everything that’s going on. Also, I did try to find out some information on my own, but it’s staggeringly complex.
If you have some insight, I’d appreciate hearing it.
Many thanks.
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