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Aug. 25, 1999 - Art Bell
02:54:05
Coast to Coast AM with Art Bell - Edmund Pankau (Living off the Grid)
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art bell
58:40
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edmund pankau
01:11:46
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unidentified
Welcome to Art Bell Somewhere Inside, tonight featuring Coast to Coast AM from August 25th, 1999.
art bell
From the high desert in the great American Southwest, I bid you all good evening and or good morning as the case may be across this great land of ours, and it is a great land.
unidentified
Remains that, indeed, actually beyond.
art bell
From the Tahitian and Hawaiian Islands out west eastward to the Caribbean and the U.S. Virgin Islands, south into South America, north all the way to the Santa Country at the Pole and worldwide on the internet.
ThanksBroadcast.com for the distribution and of course the Intel Corporation for their wonderful mathematics that allowed this G2 program.
It really is amazing.
G2, what will it do?
Well, G, it will allow you to see and hear the program at the same time.
In other words, you go to my website, download G2.
It's free.
Free, free, free.
Nice word, isn't it?
Download the G2 program, install it into thy computer, return it to my site, click it on streaming video, and there I will be doing the program.
And you'll be able to actually see and hear me at the same time.
It's an amazing technology, and you can do that from here or the other side of the world.
Ain't the internet wonderful.
unidentified
Now, a couple of other things.
art bell
We have a crop circle formation, which I think is a real crop circle formation.
And when you click on it, when you click on it, maybe it's real, maybe it's not.
I think it's real.
Somebody should check the crop circle connector and tell me if they actually find it up there.
If they do, there's no question about it.
This is an alien gray.
It is a crop circle of an alien gray, if I've ever seen one.
Now, whether it's legit or not, I don't know.
Somebody will have to check the crop circle connector and tell me.
And at Sandia Labs, they've got a night camera.
You remember what Peter Davenport was on talking about?
Remember that?
Sandia National Laboratories has a nighttime camera out.
And on that nighttime camera, they caught this incredible flash that literally turns night into day.
That literally the other day turned night into day.
Going back to the old close encounters of the third kind when they interviewed the Frenchman.
Remember the translation to French?
And the translation was, the sun came out last night.
Well, what Peter told us about sort of translated in my mind to that.
And when you see the photographs and or the moving video they have also of what Sandia Labs caught, indeed the sun came out the other night.
Now, ABC has a new game show, a new hit game show.
It's called Who Wants to Be a Millionaire?
And today it crowned its first half millionaire, a Virginia lawyer, who passed up a one in a million opportunity, well I guess one in a million opportunity, to double his winnings from a half million dollars to a million dollars.
But the category, the only category that he could respond to was metal music.
So this is a lawyer who had a half million dollars in the kitty, and all he had to do was answer one question in the category of heavy metal music.
This is from the Associated Press, folks.
unidentified
And he declined.
art bell
Listen, in Egypt, folks, they have discovered something really incredible.
Dr. Zahi Awass, the director of antiquities at Giza and a good friend, he's probably angry with me now because he wants me to come to Giza and I'm not going to be able to do it.
Dr. Zahi Hawass found 110 mummies encased in gold, G-O-L-D gold.
And they're predicting that as many as 10,000 more, 10,000 more may be buried at the same site.
Let that one sank in a little bit.
There is one more item I want to get in here before we go to a quick break, and that is this.
A scientist at Brookhaven, Long Island, well, the headline actually reads, New York scientists plan strange matter that could cause all matter in the universe to collapse this November or December.
New York.
Scientists Brookhaven, Long Island have built a 2.4-mile underground tunnel where they hope to recreate nothing less than what they believe was the second, or the biggest, not second biggest, but the biggest event in the history of the universe.
Within two spiffy shiny tubes, the ion bunches race around RHIC's, that's their acronym, RHIC's 2.4 mile ring in opposite directions.
Brookhaven physicist Thomas Ludlam, each collision will be like a mini Big Bang.
He continues to say, we also expect to be a little bit surprised since this has never been done before.
They may be a lot surprised because, you see, other scientists are not as sure that this is really a cool idea.
One scientist suggests that the little bang might be a big bang, and the headline is, big bang machine could destroy Earth.
other words one time around the tube you know to me this falls under the category we've talked about this a lot of times of things that we can do but should we do it of course we plow ahead and we do it because we can but eventually one of these things is going to do something like this I'm not suggesting that I necessarily agree with the scientists who say that everything could blink out but I'm also not disagreeing with them and
you know you you reach over to flip up no doubt they have a little safety thing like for a launch you know you flip up up the switch protector and you reach in and you press the switch and the they race around this 2.4 mile ring and they collide and the scientists think you get a mini big bang.
Well, what the hell is a mini big bang?
A mini bang created everything that is.
What if a mini big bang is big enough to take out everything we can see?
All the stars, all the planets, everything.
What if?
Go ahead and we're going to do it anyway.
And I think that's worth a few moments of thought, pondering.
In a moment, I'll tell you more about Ed Pankow, who is a fascinating man.
Absolutely fascinating.
There's much to say about him, and I will say it, and then we will speak with him.
unidentified
The End Now we take you back to the night of August 25, 1999, on Art Bell's Somewhere in Time.
art bell
Art Bell's Somewhere in Time Now, Edmund J. Pancal is one of our nation's top 10 private investigators.
Top 10.
He has also become recognized as one of the most informed financial and asset recovery experts in the country.
His expertise has prompted many clients in industry and government to utilize his investigative talent to document fraud, to locate and recover hidden assets.
Pangao is also a best-selling author and renowned public speaker.
In this, his fifth book, number five, Hide Your Assets and Disappear, he's taken an about-pace approach to his search and recovery techniques, techniques that he has taught to thousands at seminars and spelled out in fine detail in his bestseller.
He is an associate editor of BI Magazine, a contributing writer to international living, writes regularly for numerous financial and investigative trade journals, and authored several award-winning books on privacy and investigation to include Everyone's Guide to Investigation, How to Make $100,000 a Year as a Private Investigator, and the PI Portfolio.
All over the place.
My show, of course, Joey Reynolds, G. Gordon Liddy, the NBC Nightly News, ABC's 2020, Larry King Live, ABC Nightline, BBC London, Geraldo Rivera, CNN, Your Money, CNBC Moneyline, Sally Jesse.
I don't know, where hasn't he been?
He has investigated now for 20 years some of the highest profile cases in the entire country.
He's a graduate of the Florida State University School of Criminology, founder and director of PanCal Consulting, an international investigative agency headquartered in Houston, Texas.
Ed, welcome back to the show.
edmund pankau
Oh, it's a pleasure to be here, Art.
art bell
Oh, I'm happy to have you.
You are such an interesting person, and your job is so interesting.
There are a lot of people, Ed, and I think I'll start here this time.
From our last show, I can tell you, I've got a million emails, and what people want to know is how do they get into your business?
What's it really like versus what the movies, you know, they paint a private investigator in a certain way.
And it looks very romantic, kind of dangerous, and, you know, all of this romance and intrigue that everybody loves so much.
So, is it like it is in the movies, Ed?
edmund pankau
Well, in some ways it is.
In some it isn't.
If you do this business, as I have, for more than 25 years, yes, you get the romance, you get the intrigue.
You get to investigate and look at some of the most interesting things in the world.
But it is a business, and you've got to work at it like every other job.
But this is a business that depends more on inspiration than perspiration.
It's a business based much on common sense, but also having a very good generalist mind so you can look at things and get a good broad brush idea and know where to go for more information.
art bell
Well, here's, I guess, something that I would ask you and ask for a good, honest answer.
Now you've made it to the top of your field.
And so your answer here, I understand.
You know, that sometimes it can be like in the movies, very, very romantic and dangerous and intriguing and all of that.
But then there is also the other depiction in the movies of the guy sitting in the little broken down office, you know, with the shingle on the door and the gum chewing secretary outside and he's just sort of kicking back, taking a knock off a fifth of whiskey, that kind of picture of a PI.
How many end up like that?
edmund pankau
25 years ago, there were a lot of people like that.
When I first got in this business, most private investigators were people that either got fired from the police department or they left under bad circumstances.
And most of them were little one-man agencies, and they were just like Humphrey Bogart.
But today, you've got people that come into the business from computing, from banking, from all types of other fields.
And I've seen this business really grow up as a profession.
And first off, now there's as many women private investigators as there are men.
Really?
Women are much more detail-oriented and make much better court record researchers.
art bell
Well I bet they're also in some cases better as PIs, period, because when you're making a phone call and you're saying you're somebody from some credit agency or whatever it is you guys do to get information, why a woman for some reason seems much more trustworthy than a man with those kinds of questions, don't they?
edmund pankau
Well, many times they do.
And two, it depends on what kind of person you're talking to.
I have a woman that works for me that has a voice that no man can hang up on.
And as long as she'll talk, they'll listen and answer questions just for her voice.
art bell
I see.
I understand.
Believe me, I understand.
And so that is her asset.
edmund pankau
Exactly.
art bell
I imagine there's a kind of a, must be a kind of a shady side, too, at the lower echelons of your profession.
edmund pankau
There has been, but again, it's really grown up a lot.
The shady side, the people that did illegal acts or that lived on the edge of the law, many of them have either gone out of business, been closed up, or just can't get clients anymore because much of what we do shows up in court.
Investigators now have to testify a lot to the findings.
And, you know.
art bell
So in other words, the old picture of PIs busting down motel room doors, taking a picture and running, not so true anymore or still true?
edmund pankau
Well, rarely.
But as I say, 25 years ago, I did some of that myself.
art bell
Did you?
edmund pankau
Today, much more of our work is either done on computer or it's done with an attorney, you know, developing evidence for court or putting together more factual information.
art bell
Well, in the NFL, if you're a wide receiver, speed counts.
And I would think knocking down a motel door, taking a picture, speed would count.
edmund pankau
Oh, yes.
Oh, yes.
You have to have the car engine running.
You've got to have that camera loaded and ready to run.
art bell
Well, it must.
I imagine you could probably tell some colorful stories from your beginnings, eh?
edmund pankau
Oh, it's something.
I look back on the 25 years I've been in business, and you name it, we've done it.
art bell
I'll bet.
Same way with me.
You name it, and I've done it.
It's been a roller coaster ride for sure.
Anytime you near the top of your field, whatever it is, why, you collect some pretty good stories, to be sure.
And I don't want a lot of comment on it, but Ed, I can't resist.
I was so blown away earlier today, this statement, you know, I'm involved in litigation.
And there is this statement that was made by the other side's legal team and put up on a website by one of the litigants.
And you read that statement, I take it.
edmund pankau
I did.
art bell
Do you have any comments you wish to make on it at all?
edmund pankau
Well, there's a couple of things.
The first thing is they said that judges are insulted with affidavits.
And really, affidavits are the backbone of a lot of court cases because it gives, in one person's own words, their knowledge of the facts.
art bell
Of course.
edmund pankau
And judges use affidavits every day, particularly for what's called summary judgment motions, to show that there's an independent third party and that they say X, which supports Y. And, you know, I give affidavits all the time whenever I testify or whenever I put together my information so that it gives both the court and the other side a preliminary indication of what they're going to face if they go to court.
art bell
And, of course, affidavits turn frequently into depositions.
edmund pankau
Very often they will.
Basically, that's a good snapshot for the meat of what people are going to tell if they are deposed.
art bell
So judges generally are not insulted by affidavits?
edmund pankau
Oh, no.
In fact, it's one of the ways that they can look at a case and determine should this go forward or not, or is this worth the court's time or not?
art bell
Uh-huh.
And to characterize the ones who signed affidavits in the manner that they apparently have been characterized here really shocked me.
I couldn't believe it.
I guess these are the...
edmund pankau
Well, there's a couple things.
First off, you know, this paralegal is basically insulting them and trying to contaminate them as potential witnesses.
And there's also an implied threat in there in that they can now get their divorce settlements, their tax returns, their social security numbers if a person gives an affidavit.
Ah, yes.
We're talking anal retentive here.
unidentified
Oh, man.
Oh, man.
art bell
I've never seen anything like this in my life.
Anyway, that's something for us to deal with.
I take it you've probably seen that in worse in the work you do.
edmund pankau
Oh, yeah.
As I say, this goes with the territory.
But the one comment I was going to make is if a person gives an affidavit and the other side wants to depose them, they can depose them, but they basically have to stick to the issues, not go in.
They can't bring in their tax returns just because they gave an affidavit.
Unless the affidavit has got something pertinent to do with their tax returns, it just can't be done.
art bell
This same paralegal who wrote this thing went on Mr. Oates' radio show talking about the litigation.
And I wrote a book called The Art of Talk, which is an autobiography about myself.
edmund pankau
Yeah, read the book.
art bell
Oh, you did.
Well, she said something roughly like this, that Art Bell, what kind of man would attack His sister with a shovel, leaving a permanent scar upon her nose.
And you know, that's true, that's in my book.
But see, that's where she stopped, you know.
And actually, if you keep reading the incident, you find that the incident occurred in a sandbox when I was, I think, maybe five and my sister was three or four.
No, she would have been three.
And so she leaves out that part.
And so it sounds like as a full-blown adult, I went after my sister with a shovel.
Oh, my God, what kind of man is this?
This is the kind of thing you've been getting from the other side.
I was in a sandbox ed when I was five.
edmund pankau
Oh, yeah.
Well, as I say, people that fight the legal battles outside the courtroom are just asking for trouble.
And also, they incur personal liability by doing so.
And also, you know, can subject their firm.
If the firm has knowledge and allows this, they can incur liability themselves.
They can, you know, instead of being a witness, be a defendant.
art bell
Well, there are some very reputable people who sign these statements, very reputable, who might not take too kindly to this, but so be it.
Ed, hold on.
We'll get back to you in a moment.
unidentified
We're headed toward the bottom of the hour.
art bell
Yeah, these things you must see for yourself, folks.
They're on my website under Tonight's Show.
So just go check it out for yourself, and you can characterize it the way you want.
Remember, you can get hold of me at Art Bell at mindspring.com.
unidentified
You're listening to Art Bell Somewhere in Time on Premier Radio Networks.
Tonight, an oncore presentation of Coast to Coast AM from August 25th, 1999.
We've been traveling far without our home.
edmund pankau
But not without a star.
unidentified
Free, only won't be free.
Well, rockabye, baby.
in the tree In the tree top.
When the wind blows Well, Jack be nimble, Jack be quick Jack jumps over the canopy He jumps so high up above He landed in the sky In the cradle of love.
We'll rock-a-bye, baby, in the treetop.
When the wind blows, the cradle will rock.
We'll rock-a-bye, baby, in the treetop.
When the wind blows.
I did the little cat.
The little cow jumped over the moon.
And on her way down, she met a turtle dove that said, Let's go rocking in the cradle of love.
Well, rock goodbye, baby.
In the tree.
You're listening to Art Bell Somewhere in Time on Premier Radio Networks.
Tonight, an oncore presentation of Coast to Coast AM from August 25th, 1999.
You watch.
art bell
You'll find this song rattling around in your mind irresistibly soon.
It takes about three or four exposures and then you're hooked.
unidentified
*Screams*
now we take you back to the night of august twenty fifth nineteen ninety nine on art bell somewhere in time Now, look at this from Anchorage, Alaska, all the way from Alaska.
art bell
Ed, your book, you might like to know, somebody just checked and faxed me, at Amazon.com in Alaska right now, is the number one selling book in the whole state.
edmund pankau
All right.
art bell
Did you know that?
edmund pankau
Well, it was actually after my first show with you, it was number one in the nation.
Really?
Oh, yes.
Number one.
art bell
It came from what to number one.
edmund pankau
Well, it was probably at number 110 or something like that.
art bell
From 110 to number one?
unidentified
Right.
edmund pankau
In just this one day.
In fact, I got 75,000 web hits on my site at www.pankhow.com the day after I did my first show with you.
unidentified
Woo!
art bell
This must be one heavy book.
And why do you think, I mean, let's face it, the title of your book is Hide Your Assets and Disappear.
Are there really that many people who would like to hide what they've got and just blink out?
edmund pankau
There really is.
This is an idea whose time has come.
Apparently.
There are a lot of people that, first off, want to just drop out of society.
They've just had it.
And it's really interesting.
The information overload that's been caused by all of the things related to computers and technology and everything else has literally doubled the suicide rate.
And it's most obvious in Australia and New Zealand because they've been exposed to our technology in a couple years where we've had 20 years to get used to it.
art bell
So Australians and what was the other?
edmund pankau
New Zealanders now have the highest suicide rate and the highest incidence of serial killers in the world.
unidentified
What?
edmund pankau
Australia has the highest...
Not percentage-wise.
Percentage-wise, Australia beats the United States and, you know, we're like number two.
art bell
That's amazing.
And you hear, I thought all this time we were the worst.
edmund pankau
Well, we're worse, but we've got a lot bigger numbers.
But Australia got by us.
art bell
Oh, that's amazing.
And so a lot of people just, they've had it.
There's an overload, whatever it is in society.
They're sick of dealing with people.
They want to start a new life.
They want to erase their old life.
They want to take the money and run.
edmund pankau
Exactly.
There's people that read books like Ann Rand's Atlas Shrugged, and they say, I want to be John Galt.
I want personal freedom.
I want financial freedom.
I don't want the cheese.
I just want Adam Trap.
art bell
Goodbye, cruel world.
edmund pankau
Exactly.
art bell
Well, first of all, I noticed in some of the materials that were sent to me about you since our last show that you have been commenting on somebody who disappeared recently but is not doing a real good job of it.
What was that all about?
edmund pankau
Well, over the past year, there's been a lot of articles published and a lot of stuff done about this guy, Marty Frankel, that stole somewhere between $350 million and possibly as much as a billion dollars by defrauding insurance companies.
art bell
That's a lot of money.
edmund pankau
It really is.
It may be the largest individual financial fraud in the history of the United States and possibly the world.
We don't know yet.
art bell
So Marty's on the lamp.
edmund pankau
Oh, yeah.
And Marty, you know, left the United States.
He went to Spain.
He went to Italy.
And he's just been walking around the streets of Rome.
And this is a guy who's not a rocket scientist.
Every police agency in the world is looking for him.
And he's sitting at these little coffee shops and using cell phones to call all over and try to figure out what he's going to do.
art bell
Well, I don't know a whole lot about disappearing, but even I know that you should go to countries that won't send you back.
In other words, the last show we talked about Belize, and I think there are some other countries in Central or South America that are pretty good that way.
And what are the good countries, by the way, besides Belize, the tropical paradise one may disappear to, and we'll talk about Belize.
But what other countries are good to go to, and what are bad countries to go to?
edmund pankau
Well, suppose he's in Europe, which is what we know to be true, the very best place for Marty Frankel would be Austria, because Austria does not have an extradition treaty with the U.S. and many other countries, particularly for financial crimes.
These places view tax evasion as a sport, not a crime.
art bell
A sport.
edmund pankau
A sport.
It's a way of life.
And basically, once you get in their country, it's like in the Middle Ages, you could go and take shelter and refuge in a church, and nobody can pull you out.
art bell
And they give you shelter and refuge.
edmund pankau
Exactly.
And they can stay there.
They can figure out what they're going to do.
art bell
Yeah, but what about political pressure?
I mean, couldn't it be that somebody, if we want somebody bad enough, badly enough, that our State Department or whoever does this kind of thing does a bunch of back-channel pressure and he's whisked out in the middle of the night or something like that?
edmund pankau
Well, that may happen, but it takes weeks and months to do that.
And in the meantime, he could decide to go to Estonia or Moldavia, which would also welcome him with open arms.
art bell
Really?
edmund pankau
I mean, you know, you get a man that says, I'll deposit $50 million in your banks if you'll let me stay here a while.
Meyer Lansky, the great international financial criminal, he did this.
Back in the early 1970s, he donated $10 million to a university in Israel.
art bell
You're talking about one of the founding fathers now of a city very close to me.
edmund pankau
Oh, yes, Meyer Lanser.
But good old Uncle Meyer offered to deposit $100 million in banks if they would let him stay in Israel.
art bell
Do you mean to say bankers are like that, Ed?
edmund pankau
Oh, listen, money talks and, you know, bull walks.
That's the way it goes.
art bell
Yes, right.
Yes.
Yeah, so the Israelites, the bankers there said, thank you very much.
And then how does that bankers influence the politicians who might otherwise cave and send you back?
How's that done?
edmund pankau
Well, most politicians are attorneys.
Attorneys are among the most, shall we say, financially motivated people in the world.
I guess that I could safely say that.
unidentified
You could safely say that, and I'd agree with you, yes.
art bell
Yeah.
edmund pankau
And attorneys are the ones that make the laws.
Why?
Because we elect attorneys to be politicians.
art bell
I never thought of it that way.
edmund pankau
Well, it just kind of works out that way.
There's more politicians that are lawyers than probably everything else put together.
But here somebody comes to a country, says, I'll deposit, you know, serious money if you will allow me to stay.
Well, the bankers have their own lobbyists.
The lobbyists talk to the lawyers.
The lawyers talk to the politicians.
And wonderful things happen.
art bell
Yes.
Well, now, here's a question for you.
You said how much money, $500 million to a billion somewhere?
edmund pankau
Right.
It's somewhere between $350 million to $1 billion.
Plus, he's walking around with gold bars and as much as $10 million worth of diamonds.
unidentified
Really?
edmund pankau
On his body.
On his body.
unidentified
It doesn't seem like the same thing to you.
art bell
I mean, you can get knocked over in New York City for $20.
edmund pankau
Oh, yeah.
And this is what I'm saying.
Marty Frankel should fear thugs and basically the bounty hunters who will bag him for the diamonds much more than the FBI and Interpol.
Because if they get him, he's not going to be arrested.
He's going to be vacuumed and put at the bottom of the river.
art bell
Vacuumed, yes.
Yes, vacuumed.
Now, there have been a lot of people who have shifted monies like this around, and I've always wondered how they do it.
Exactly, how do you move, say, $100 million?
How the hell do you do that?
edmund pankau
Many ways.
First off, you do what Marty did, and you buy something small that you can carry on your body that has great value, like diamonds and jewelry.
That's one thing.
art bell
So he wasn't dumb there, in one way.
edmund pankau
The other thing is he takes money, cash, and puts it in different banks in different parts of the world.
So when he has access to it, or needs access to it, he can get it through an international MasterCard or visa.
He can have a Visa card issued on the Isle of Man's bank and use it anywhere in the world.
art bell
Really?
edmund pankau
Unless somebody knows what the name of the account is in, they won't be able to tie it to him.
unidentified
Uh-huh.
art bell
So, really, he's okay, except for the fact that he's there he is in Italy, as you said, in a little coffee shop or something.
And were he to be apprehended there, I take it, the jig would be up.
edmund pankau
Well, maybe and maybe not.
Again, there's not even, to my knowledge, an arrest warrant for him in Italy.
If he was arrested in Italy, first off, the local police would have to make a command decision.
Do I take $10,000 in American money and walk away?
art bell
A command decision, ha ha ha.
edmund pankau
You know, or do I arrest him?
And if I do arrest him, what is the charges?
And then he hires attorney, and an attorney says basically, what charges do you have?
If not, you've got to let him post a bond, another $10,000, and let him go walk.
art bell
And Marty is on a plane.
edmund pankau
That's right.
Marty is out of there.
So, you know, it's just one big catch-22 or boonduggle the way it's going right now.
art bell
Now, Marty should have talked to you before he took off, huh?
edmund pankau
Well, I have heard a rumor that they found a copy of my book in his house.
art bell
Really?
Well, then why the hell didn't he read the whole thing?
edmund pankau
He's emotionally a basket case.
I mean, you take a man that has stolen this much money, a man that has spent hundreds of thousands of dollars buying 10 Mercedes, buying one house for $3.5 million cash, another house for $1 million cash, and the pressure of knowing that the government is looking for him.
And you're not talking about Mr. Stability in the first place.
You're talking about somebody that lost his securities license and has screwed everything up he's ever done in his life.
This is the first thing he's ever worked out right now.
art bell
So it's like he needs mounted mirrors so he can look behind him.
edmund pankau
That's right.
And he's having these women companions literally go out and do his errands and run his daily activities right now.
art bell
Speaking of women, I'm sure he's not wanting in that category.
edmund pankau
With that kind of money, you can look awful handsome awful quick, yes.
art bell
All right.
Well, so much for Marty.
What do you think will happen?
I mean, do you think they'll get him?
edmund pankau
Well, one of two things is going to happen.
As I say, the bad guys are going to bag him and they'll find his body someday at the bottom of the canal, or he's going to just emotionally run himself to such a point where he just gives up or they find him making one of the stupid moves that he's making every day, like calling his mother back in the U.S. to be able to figure out where he is from calls like that.
art bell
And for that kind of money, I would think that all kinds of things could happen.
I mean, you could be on a plane overnight.
edmund pankau
Sure.
But the thing is, he doesn't know who to trust.
And he's in such a circumstance that he doesn't trust anybody.
He doesn't speak the foreign language.
And the only people he trusts are his bimbets that follow him around.
If he had somebody that was competent, that could provide security and also handle the daily activities, he'd be a fugitive the rest of his life.
Nobody would ever find him.
Nobody would ever catch him.
And he could live the life he wants.
art bell
A golden parachuted fugitive.
edmund pankau
Exactly.
art bell
Well, I don't know.
You could consider that to be a horrible life, or I guess depending on how you think about things, it might not look so bad.
edmund pankau
Well, there's a lot worse circumstances.
art bell
That's true.
That's really true.
So now let's focus back upon the relatively common man.
A lot of people in America, I mean, this is a very prosperous country right now, and there are a lot of people who have made a considerable amount of money, and they're just sort of fed up, either with the overload of information or litigation or all the crap that's going on today, or they've got a spouse they want to get the hell away from, some shrieking, screaming, horrid, witch of a woman, and they want to get away, or whatever it is, for whatever reason they want to split with the bucks.
We've just talked about Marty, and I guess these are pretty much the wrong things to do.
But how about what are the right things to do?
edmund pankau
Well, the right thing to do first is to make a plan.
You've got to say, all right, I want out, and you ask yourself some questions.
Number one is, do I need good medical facilities?
If so, you want a country with good medical facilities.
Do I like the weather hot?
Do I like the other cold?
art bell
Weather.
edmund pankau
That's true.
The next thing is, does this country have extradition?
And have they signed the MLAT, the Mutual Legal Assistance Treaty, which says if you smoke one marijuana cigarette and inhale, then the government can reach in and touch you.
art bell
So in other words, technically, then Bill Clinton's still okay, even if he took off.
edmund pankau
Well, you know, he's admitted he smoked one marijuana.
art bell
Yeah, but he didn't inhale.
edmund pankau
Well, that's right.
That's right.
unidentified
I forgot that.
edmund pankau
You did say inhale.
Yeah, he got to inhale.
But basically, you know, he could go to a country like Belize.
He could go to one of a number of Latin American or former European countries like Moldavia and Estonia.
And they will let him live there.
They will not extradite him unless it's a capital crime.
art bell
Okay, let's talk about Estonia.
What kind of life in Moldavia or Estonia could one have?
edmund pankau
Well, you could have a great life.
I mean, here you've got a country that's a former Soviet republic.
It's hurting for hard dollar currency.
It's a beautiful country.
It looks much like Switzerland did 20 years ago.
art bell
The weather?
edmund pankau
The weather's not bad.
You know, it's got skiing in the winter.
You've got nice stuff in the summer.
This is where all the Russian politicians and KGB had their winter homes.
And there are thousands of women there that don't care if you've got a Mercedes, they don't care if you have a Rolex.
They just want to know that you have a stove.
art bell
So in other words, if you do have a Mercedes and you've got to watch, you're saying there are a lot of people who are going to be able to do that.
edmund pankau
Well, you know, in those countries, if you've got money, if you've got the ability to provide a good lifestyle, there are thousands that would just, you know, jump right in your lap and say, I'm yours.
You know, I don't, you know, I'll take whatever you got.
And you could live there on basically 25 cents on the dollar of what it would cost here.
art bell
Really?
edmund pankau
Oh, yeah.
And see, many of these countries, they're now getting a great deal of American expatriates because you and I couldn't retire on the money that Social Security is going to give us.
art bell
No, indeed not.
edmund pankau
But you could take that money and go to Honduras.
You could go to Belize.
You could go to Argentina.
You could go to Dominica.
You could go to Moldavia.
art bell
Still get your Social Security check, right?
edmund pankau
Oh, yeah.
Well, they'd mail it to your U.S. Bank, the U.S. Bank.
You give them wiring instructions to send it somewhere else.
And basically, that money would go three times as far as it would in the United States.
art bell
So your quality of life would be 300% better.
edmund pankau
Exactly.
And you would have the ability to live with dignity, where here you'd just be sitting there waiting for your duck to die.
art bell
Yeah.
That's amazing.
So it's not just the rich ones or the well-off ones, but even just the middle or even low, fairly low-income people can profit significantly in lifestyle.
And that is what counts, after all, by doing as you suggest.
Is that about right?
edmund pankau
That's what you can do.
And there's large American communities today in Guadalajara, in Belize, in Costa Rica.
art bell
So you wouldn't be alone.
edmund pankau
Yeah, you'd done just this.
And that's it.
You'd have hundreds of other Americans.
You can pick up a local newspaper called the Tico Times, and they advertise for members of the opposite sex to just come live with them down there.
art bell
Hold on, Ed.
You see now why this book is so popular, right?
It's called Hide Your Assets and Disappear.
You can get it just about anywhere, including my website.
If you'll just click on Ed Pancal's name, it'll take you over to Amazon.com.
You can get your copy on the way.
We'll be right back.
unidentified
You're listening to Art Bell Somewhere in Time on Premier Radio Networks.
Tonight, an encore presentation of Coast to Coast AM from August 25, 1999.
Coast to Coast AM from August
Coast to Coast AM from August 25, 1999.
25, 1999.
it could equal worldwide humiliation.
Oh, goodbye to the world.
I'm off to join the circus.
You're gonna be a broken-hearted clown.
Pave my face with the fun of a smile.
Cause a mean sick woman turned my whole world upside down.
Farewell to love.
I'm off to join the circus.
You've got to find a way to hide my tears.
Farewell, happy moment.
If it takes a hundred years, he's got a heart of view.
Come on, everybody.
He's a part of that.
No one could tell his heart is broken and have a weather joke on me.
I'm off to join the circus.
Oh, Mr. Barnum, save a place for me.
Shoot me out of the cannon.
And I don't care.
Let's be honest.
Tell us that woman, where she may be.
That mean, sick old woman made a crying clown out of me.
That's it.
Premier Radio Networks presents Art Bell Somewhere in Time.
Tonight's program originally aired August 25th, 1999.
art bell
I thought this would go well with the current topic in mind.
unidentified
And Ed Pancow here, that mean woman.
art bell
Yes.
Anyway, how does Belize look to you, folks?
We'll ask a little bit about the leaves in a moment.
unidentified
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Looking for the truth?
You'll find it on Coast2Coast AM with George Norrie.
Even though I think the middle class is being eroded away, because most people are doing relatively okay, we haven't seen that balance of power shift yet.
If that gets higher, I think we've got a real problem.
I don't see governments being supportive of this kind of rising up of people asserting their frustrations.
We're looking at a very historic time beginning to emerge right now.
Now we take you back to the night of August 25, 1999, on Art Bell, Somewhere in Time.
*music*
art bell
Back now to Ed Panca, and we were talking about Estonia and countries there.
But Belize really is a pretty spiffy country because it's a tropical climate, I guess, isn't it?
edmund pankau
It is.
It's, you know, very much like you'd get in Florida or California.
art bell
Well, that's not bad.
That's not bad at all.
unidentified
Maybe even a little bit better than that.
edmund pankau
Well, it's probably in the mid-80s.
But the thing is, if you don't like it that hot, you just go up in the mountains a little bit and the temperature drops 8 or 10 degrees.
art bell
Sounds nice.
There have been rumors.
Now, this may be further down in South America or other Central American countries, but a lot of Americans have a mental image of these countries, Ed, as unstable, countries that are constantly going from one dictator to another, and you might not be safe, you might get kidnapped, a lot of terrible things might happen to you.
So how about crime down in Belize?
edmund pankau
Well, crime in Belize, Honduras, Costa Rica, most of the Central American countries is very minimal.
There's petty theft and things like this because they still are economically depressed.
But all of the real violent crime has faded away to a great degree ever since the Russians no longer sent money to the Cubans to stir up trouble and basically pay for the guerrilla warfare.
These countries have gone through a real renovation.
First off, they bought all the guns that were out there.
They said, if you people will turn in guns, we'll pay you money.
And they brought in everything from hand grenades to howitzers.
The next thing that went on was that they realized that the one salvation for these countries was to get the American and European retirees, which both raised real estate prices, provided jobs, and brought people in with hard dollars.
So crime is much lower than it is in our major cities in the United States.
art bell
Isn't that something?
And the lifestyle that you could lead there on, let's say you went down there and you had a half million dollars.
What expectations could you have for a lifestyle?
edmund pankau
Well, if you went down there with half a million dollars, you could live like a king because while your money would only get 3.5% or 4% in a bank here, down there in many countries, they pay 9 to 12% interest if you invest in American dollars, and they pay as high as 24.9% if you invest in the local currency, the Limpira.
art bell
Holy moly.
edmund pankau
So, you know, there's a lot of opportunities.
And even if you had $100,000 and it drew $10,000 to $12,000 or $15,000 a year interest, you could live off that very comfortably.
art bell
Would you end up with an American-style or a Western-style house?
What's available?
I don't know about Belize.
edmund pankau
Well, you'd get a very similar house to what they have in South Florida.
Basically, it's a house with a regular inner living core with a big outside patio.
A lot of the houses don't have air conditioning, but they've got, you know, just good patios and breezeways.
So it wouldn't be exactly like you would expect here, but very similar, and it would be more adapted to their lifestyle and to their living conditions.
art bell
How big is Belize?
edmund pankau
Belize is a very small country.
It's probably the size, well, it's actually, I think, smaller than Maine, but it's a small country.
It's part of what used to be British Honduras, which encompassed most of Belize, and the country today of Honduras, which is much larger than Belize.
unidentified
So all in all, what about the government?
edmund pankau
Governments are very stable.
They're former British colonies, so they follow the British system of law.
They don't have petty dictators.
They don't have problems.
They don't have the currency devaluations that we've seen in Mexico and Ecuador.
And basically, it's very much like living in a former British colony.
art bell
And yet they offer those kind of interest rates.
So what about inflation?
edmund pankau
Inflation really hasn't hit there yet.
art bell
Why are there such big interest rates then?
Normally, when you run into those kind of interest rates, the inflation rate is tremendous.
edmund pankau
Well, the inflation rate is not that big because there's a lot of activity going on.
The reason that the interest rates are so high is they don't have the infrastructure for lending like we do in the United States.
I mean, we make an art form of lending money.
art bell
Oh, yes.
edmund pankau
These other countries don't have the long-term financing that we specialize in, and they loan short-term money.
So if you wanted to build a house or some apartment, the interest rate for borrowing there is much higher.
It's like 30%.
So you don't fiddle with it and build a home that takes six months.
You do it in two months, so you get much better and quicker use of your money.
art bell
It really does sound like a kind of a tropical paradise.
Is that a fair assessment?
edmund pankau
To many people it is.
If you expect to live in the United States or have every one of the same amenities, you're not going to have that.
The telephone may be out for a day or two.
The electricity from time to time does go out.
If you get a satellite, you've got your cable television, but they don't have all of the modern amenities, but it's a different lifestyle.
It's a slower pace.
And the people there live an average of 4.8 years longer than they do here in the U.S. You're kidding.
art bell
I thought we had a much higher than we do, huh?
edmund pankau
Yeah, especially Costa Rica.
Costa Rica is known as the Switzerland of the Caribbean.
They have a higher literacy rate than the U.S. Right.
Their people live longer, and their quality of life is so much better than we've got here.
art bell
Now, I've been to a lot of areas in the world.
For example, the Greek islands.
I've been to a lot of the Greek islands, and they are, oh my God, they're incredible.
I mean, just beautiful, like Patmos, for example.
I don't know if you've ever been to Patmos.
edmund pankau
Not yet.
art bell
But the quality of life there is mmm.
I don't know about the cost of living.
It may be high, but boy, the quality of life is just.
Oh, here's something else I want to ask you about.
You're an expert in this area.
The Cayman Islands have been a traditional haven for people to put money.
I saw something the other day that suggested that there was one super-duper court case that was going to get somehow possibly threaten all of the people who have these secret little accounts in the Caymans, have their names suddenly exposed.
edmund pankau
Well, what happened?
art bell
Oh, you do know about this.
edmund pankau
I know about this.
A financial money manager, we'll call him, somebody that used to be a banker that now offers up services for individuals that want to hide their money outside the U.S. Right.
Was grabbed by the IRS, and they offered him the opportunity to be a witness or a co-defendant.
So rather than go to jail, he turned in his 1,500 clients, and the IRS has already collected $50 million, and they say they're going to collect as much as $300 million just on the information he's providing about clients.
And, you know, in my book, Hide It All, or Hide Your Assets and Disappear, I tell people, don't have someone else do this for you because three can keep it secret if two of them are dead.
You can open your own bank account.
Exactly.
You don't want somebody doing it for you just for this reason that if they get caught, they'll say, no, no, you don't want me.
You want the bigger fish.
art bell
Well, I'm going to tell you something, Ed.
And you can comment on it.
And I'm not going to say who it is, but I had counsel from an acquaintance who said, you ought to take this money and put it in the payments, in a bank account.
And it was explained to me how it was done through a third party.
And, you know, it was said to be safe, safe, safe.
And I always said to the person, well, you know, what about this third party?
I mean, I, first of all, I swear to God this is true.
I decided I don't play that kind of game.
You know, I am an American citizen, and I don't cheat on my taxes.
Number one, I pay my taxes.
I grumble and bitch a lot about it, but I pay them.
And I felt like it was cheating my own country.
And I know that to the people who do this, it's very naive.
But that's the way I feel.
At any rate, when it was discussed, I said, yeah, but you know, how can you trust this person who's handling the money for you?
Because basically, the money comes and goes at their behest, their signature transfers of money.
What stops them from taking your money?
edmund pankau
Well, it can be done.
That's why you don't want to relinquish control of your money.
And, you know, this kind of program is not for people that are just trying to hide money from the U.S. This is for people that very legitimately have worked here, that pay taxes, that want to look forward to retirement or to move their money outside the jurisdiction of U.S. courts.
See, one of the problems is anybody with $102.50 can file a lawsuit.
art bell
Yep.
edmund pankau
You know, you know the drill.
art bell
How well I know.
edmund pankau
And they can tie up your assets.
They can deny you the ability to use your own money to defend yourself by making up affidavits and false statements.
And a court can tie up your assets and freeze them for two or three years while this all gets sorted out.
So if your money's outside the United States, outside the jurisdiction of U.S. courts, it's making a lot better interest.
Plus, some dirtbag lawyer that's trying to make himself a 40% fee of whatever you have can't put his hooks in the money and is going to be not very motivated to pursue a case that he can't see the pot of gold at the end of the year.
art bell
Yes, but if it is known that the account is there, then he can do it?
edmund pankau
Or he can't?
art bell
Oh, he can't.
So in other words, first off, the only people really in trouble from this guy turning over all these names are the people not who legitimately have the money there, tax already paid, but people who have secreted the money over there without having paid tax on it.
Yes.
edmund pankau
Those people that made cash money or whatever or had money that they never declared the income on, and it's now there and they're not declaring the interest as well.
So the government can go back on them and say, you did not pay the interest on your income, you did not report all your income, you are now a candidate for the criminal investigative division of the IRS, which is not a nice place to be.
art bell
No, no.
So I guess then, will that collapse everything in the Caymans, or is it just big trouble for these 1,500 people or however many?
edmund pankau
Well, the first thing is it makes trouble for those 1,500, but the second thing is it gives the IRS a good look at what's going on in the 460-some banks in the Cayman Islands.
art bell
Oh, they know damn well what's going on.
edmund pankau
Well, to a good degree they do.
But see, now the Cayman Islands has signed a treaty called the MLAT, the Mutual Legal Assistance Treaty, and they will provide financial information if you're involved in money laundering, if you're involved in drugs, if you're involved in a capital crime.
So if the government can show that this money was made through laundering, and the definition of laundering is so loose that basically taking any money that you make and removing it from the court's jurisdiction and moving that money to avoid other matters, they can consider that money laundering as well.
So it really strikes a real blow against all of the setup of the Cayman Island banking system.
art bell
I see.
That's the way it was written, man.
I went, wow.
edmund pankau
Yeah, well, I wrote an article a couple weeks ago and said this is going to really put a big dent in the Cayman Island banking infrastructure because people are going to move their money from the Cayman Islands to places that have not signed the MLAT, places that haven't become so well-known and public in recent years.
art bell
But how do you know that whatever country you might choose would not, you know, two years after you put your money there, sign the, whatever you just call it, the NLAT?
Right.
Would sign that, and suddenly there you are, bare naked.
edmund pankau
Well, you don't know.
But the thing is, if you read the newspaper or if you keep abreast of rules, you're going to see that a country is either considering that or your banker, say if you've got your money in the Cook Islands, which is out in the middle of nowhere in the Pacific.
art bell
Sure is.
edmund pankau
The local banker is going to tell you, oops, our government is considering passing this law.
We have a branch in the Isle of Man.
We suggest you move your money there.
art bell
Now, there you go.
I've heard good things about the Isle of Man.
edmund pankau
Isle of Man has very protective laws.
The Turks and Caicos Islands have very protective laws.
art bell
What I've heard, yes.
But you say, again, now coming back to this, you don't recommend a third party.
edmund pankau
I really don't, because there's too many opportunities for them to get greedy.
And when you let someone else manage your money, they start to think of it as their money.
art bell
Yeah, that's one of the things that really bothered me.
And I tried to talk this person out of it, and they went ahead and did it anyway.
That's their business.
But I wouldn't do such a thing.
Now, you're saying, though, for example, the Isle of Man.
Now, I always thought if you're going to open your own account, how do you do that?
Because you can't really move more than $10,000 at a time or carry it with you.
Can you?
Isn't it something about $10,000 limits now with the IRS?
edmund pankau
The law allows you to take $10,000 per person per trip out of the country without declaring it.
You can carry more, but you've got to say this is for business purposes.
I've traveled out of the country many times with hundreds of thousands of dollars in cash.
art bell
Really?
edmund pankau
But it was in relationship to my business.
One of my clients leases the Russian Mir satellite to museums, and every year we have to bring them literally three gym bags full of $100 bills, fly to the Soviet Union, get off the plane, hand them the gym bags, get back on the plane, get back to the U.S. You're kidding!
art bell
Gym bags full of money?
edmund pankau
$300,000.
No, actually, last trip was $600,000.
art bell
Oh, my God.
That's $600,000 taken in...
edmund pankau
The people that meet you at the plane have enough stroke to make sure that doesn't happen.
They are the guys that run the country.
art bell
Yeah, I've heard that, Ed.
I've heard that.
All right, hold on.
Stay right there.
Ed Pan Gau is my guest.
His book, which I'm sure you really want to read, is Hide Your Assets and Disappear.
You can look through my website and click on Ed's name.
It'll take you to amazon.com where you can get the book on the way.
If you're not intrigued, then you're just not listening.
I'm Art Bell, and this is Coast to Coast AM.
unidentified
You're listening to Art Bell's Somewhere in Time.
Tonight featuring a replay of Coast to Coast AM from August 25th, 1999.
Coast to Coast AM from August 25th, 1999.
And in the green shine of the earth, the tree around the beach, and the usual look and the birds of the sand, the smell of the touch, the something inside that you need so much.
The sight of the touch, or the scent of the sand, or the strength of an oak deep in the ground.
The wonder of flowers to be covered and then to burst up through tarmac to the sun again.
Or to fly to the sun without burning a wing.
To lie in a meadow and hear the grass sing, all these things in our memory soul.
And the youth to come, take this place of this face, just for me.
Why take a fear, take a fear of my feet, it's for me.
I know I have to give my heart to it for fear.
I still with my life.
Oh, my God.
You're listening to Art Bell Somewhere in Time, tonight featuring a replay of Coast to Coast AM from August 25th, 1999.
art bell
Hide your assets and disappear is the book, and I see why it's selling so well.
We've got the author of it here, Ed Pancal, and we are talking of many things.
I've got a little, actually, it's pretty nice.
It's from somebody in the audience.
Facts to me.
Hi, Art.
I was in Tallinn, Estonia last summer, and I must say that it is one of the most beautiful places I've ever been.
Imagine, if you will, a city straight out of the Middle Ages with all of the romantic appeal.
It was an enchanting city with old, beautiful buildings and cobblestone streets.
The people there were very friendly as well.
It is the way that I always pictured Europe would be.
I did not realize all of the things that Ed Pantow has mentioned about it when I was there.
Ever since being there, I've wished to get back.
And now that I know what I know, I shall.
I advise all in your audience to go to Estonia if they get an opportunity.
After hearing this, I certainly plan to get back there as soon as possible.
unidentified
Signed, Easy Street Dreamer in Phoenix.
art bell
Easy Street Dreamer.
That's a good handle.
unidentified
You're listening to Art Bell Somewhere in Time on Premier Radio Networks.
Tonight, an encore presentation of Coast to Coast AM from August 25, 1999.
The End Well, the caller was right.
art bell
There was a 4.7 magnitude earthquake at Yuma.
Yuma, Arizona.
And it shook bottles and rotted stuff and so forth and so on.
It occurred 6.04 a.m. on Tuesday morning.
unidentified
4.7 in Yuma.
art bell
Tornadoes in Alaska.
Hurricanes marching across the Atlantic.
These really are very, very interesting times we live in.
Once again, the author of Hide Your Assets and Disappear at Pencal.
And have you ever thought about doing that yourself?
edmund pankau
Well, in a few years, I will probably do this.
See, there's another benefit to living outside the U.S. If you declare your primary residence outside the U.S., your first $70,000 of income is tax-free.
art bell
Why would that be?
edmund pankau
Well, our government says if you earn your money outside the U.S., you determined personally that this is going to be your primary residence, and you're not using U.S. government services, well, then you get a deduction for that.
art bell
That's a pretty damn big deduction, $17,000 a year.
edmund pankau
Not only for you, but your wife, your kid, and your dog.
art bell
Oh, my.
And your dog.
edmund pankau
Your dog.
You know, he's on the payroll, too.
But if you like, it's just a lot of people.
art bell
I now see how you've arrived where you have arrived at.
So in other words, if you're in Belize, even your dog, Fred, gets a $70,000 deduction.
unidentified
If you choose to do that, yes, yeah.
edmund pankau
But basically, with my wife and my son and myself, that's $210,000 a year.
art bell
That's a lot of money.
edmund pankau
It's not chump change.
art bell
Yeah, not chump change is right.
Well, you heard what the fellow said about Estonia.
That sounds pretty nice, actually.
edmund pankau
Oh, it's a gorgeous country.
art bell
There are some Americans who would say, hey, you know, this really sounds unpatriotic.
To which you would say.
edmund pankau
Well, today it's a different world.
I mean, many people live in one country, do business in a second country, and do their financial dealings in a third country.
With communications and the world opening up, it's not like you live in one town or one country anymore.
There's opportunities in other places that don't exist here.
Our stock market is probably getting pretty top-heavy right now, at least I feel so, but there's other countries that need so many things and have got so many natural resources, but they don't have the technology that you could go,
like if you could get the contract to provide a phone system for Belize, you could rent a satellite shop, provide them with satellite service, and give everybody in the country a cell phone and become a multi-million dollar millionaire overnight.
art bell
Yeah, I guess that would go big.
So they don't have cell phones there yet.
edmund pankau
Well, they do, but these Iridium phones or other world cell phones.
art bell
Ah, the Iridium thing.
edmund pankau
That's kind of, you know.
Iridium has not quite lived up to its rep. It hasn't, but it's got the technology, and one day they or somebody using something similar is going to work.
art bell
Absolutely.
And Iridium does work.
As a matter of fact, I had a young lady on a mountain in Peru that I interviewed on an Iridium phone here about a month ago.
It worked very well.
But somehow, commercially, I think Iridium, I've heard they were filing Chapter 11 or something, and they're going to reorganize.
And so they've had some difficulties.
But it's a whole series, a constellation of satellites that's supposed to allow you to just use what seems like almost a cell phone virtually and make a call from the jungles of Brazil if you want to.
And you can do that, right?
edmund pankau
Well, it can be done.
But what's really interesting to me is there are people running around the country saying that this is a government plot, that they're going to use this technology to implant little meta tags in our skulls and track us anywhere in the world.
art bell
Great.
Actually, that really is within our grasp now.
unidentified
It is.
edmund pankau
The technology is there, but I don't think anybody's going to allow this to be done to them, not in my lifetime.
art bell
Not my head, you don't.
edmund pankau
That's right.
art bell
But that may be the horrid future we face, huh?
edmund pankau
Potentially, that could be done.
The technology certainly is there.
art bell
Back to what we were talking about, taking $10,000, say, at a time out.
Let's say you wanted to begin putting your money in a bank, say, in the Isle of Man.
So you've got to make trip after trip after trip.
You and your wife taking $10,000 a piece out and putting it in the bank in the Isle of Man, or can you go once, establish the account, and then just wire the money over there?
edmund pankau
You can go once, establish the account, have them tie it to an international MasterCard visa, and from then on do all your business with them through the Internet.
In my book and on my new website, which is hideyourassets.com, I have a list of banks and other businesses that are user-friendly and do this kind of thing.
art bell
So no cash goes anywhere.
In other words, you get your money over there, you establish these international, what did you say, MasterCard and Visa accounts?
Right.
unidentified
And then you just go nowhere without it.
art bell
And that's your, it's like your checkbook.
edmund pankau
That's what it is.
It's basically your bank account in your pocket.
And it leaves no financial footprint in the United States, only in the country that holds the MasterCard visa transaction record.
art bell
So in other words, if you go down to Walmart and you buy something and you present your international MasterCard, no problem, no trace?
edmund pankau
No trace, because the record doesn't go to that big cray computer in Phoenix, Arizona.
It goes to one out of the country.
art bell
No kidding.
Here's another question for you.
And I'm just so full of questions.
We just recently changed our currency.
And, you know, they did it ostensibly, they said, because of forgery, you know, going on in Lebanon and so forth and so on.
So the currency is different now.
And it has this little metal strip that runs down, Mylar strip.
And I'm told that border checkpoints and anybody else who has the technology can literally tell how much money you're carrying with you.
Is that true?
edmund pankau
Not yet.
That technology is not in place today.
It could be.
art bell
Would it come as a result of this little strip?
In other words, would that eventually be something they could read at a few feet away?
edmund pankau
I would say, again, not today, but if they, in the future, with a little better technology, could determine how much money it is and also the presence of money like this.
Because once you can get computer chips down and something that's recognizable to any kind of a scanner down to that size, it's possible.
But as I say, we don't have the technology today.
And if you carry money through a computer checkpoint, it's not going to pick that up.
art bell
You have to pick it up.
All right, well, let me tell you a little story.
I was in Hong Kong, and I flew back from Hong Kong, and when our plane landed in San Francisco, we went through one of these horrors.
We were on the ground, oh, God, we were on the ground for a good hour and a half, and they wouldn't open the damn plane up and let us out.
And everybody was wondering what was going on, and eventually some security guys rushed on board the airplane, grabbed three Oriental people, and whisked them off.
And finally, the stewardess, the air crew, came and told us what it was.
It was an Oriental family that had brought an entire shoebox.
I say again, a shoebox full of high-denomination bills with them in their luggage.
Now, apparently, this had been discovered in Hong Kong, but they didn't jump on them till they got to San Francisco.
edmund pankau
Well, they didn't violate any Hong Kong law.
They may not have violated any U.S. law because I'm not sure of the Hong Kong law sending money out, but bringing money into the United States.
art bell
Yeah, but there's a little form.
Remember when you're going to, before you land, that they always have you fill out about how much currency you're bringing in?
Is there something about that?
edmund pankau
Yeah, they ask that question.
Mostly, and most countries have laws saying you can't take money out.
It's like the Union of South Africa.
You can travel anywhere you want, but they don't allow you to take a lot of money out because they're afraid you're just going to emigrate.
art bell
Really?
Oh, yeah.
edmund pankau
A lot of these countries, they'll let you travel, but they don't want you taking what they consider as their national treasure, which is your money, which you've earned, out of the country.
art bell
Because you might immigrate, leave the country, and there goes your money.
unidentified
Right.
art bell
And that's the reason for that law.
edmund pankau
That's the reason for that law.
art bell
Be damned.
I never knew that.
edmund pankau
Something new every day.
art bell
I guess so.
But we, of course, being the land of the free and the fairly rich, we have no such law.
edmund pankau
We don't have that law yet.
But we do have the back door to that law through our tax code.
And they're going to presume.
It's like if you're in an airport and you hear the announcement that says warning it is illegal to carry more than $10,000 cash out of the country without reporting it, the only time they play that message is when they know someone's in the airport carrying that much money.
And they make the announcement so that they'll have evidence in court that you're aware of that.
art bell
Well, how the hell do they know someone's in there with that much money?
edmund pankau
Mostly informants, ex-wives, people that, you know, turn them in for a buck and things like that.
art bell
Oh, boy.
edmund pankau
You know, the government doesn't really have all of the art and technology that people think they do.
They still depend very heavily on informants.
And more people get caught because of their ex-spouse, their ex-meaningful other, or something like this than everything else put together.
art bell
And so they make the announcement, and then when you go through, they search and bust you.
edmund pankau
Right.
art bell
So really disappearing, hiding your assets and disappearing properly is in itself an art form.
edmund pankau
It is.
You've got to have, you know, a checklist.
You've got to have a plan.
And if you follow the plan, it's no problem.
If you go about it haphazardly, you're going to make mistakes.
art bell
Even one stinking little lonely moment of a phone call back home and you could be cooked.
edmund pankau
Exactly.
Don't be like E.T., don't phone home.
art bell
I wonder how many people actually ultimately make that mistake.
Do you have any sense?
edmund pankau
Well, a lot of them do.
They get bored.
They get sloppy.
They back into the United States.
We had a banker in Seattle, Washington, that fled the U.S., was living in Mexico, and he would talk to his spouse and everything else.
And the government put what's called a PIN register on the phone, which told them not what his phone calls said, but what calls were incoming and outgoing from his wife's calls.
So just before Christmas, they saw some telephone activity saying, okay, mama's going to go meet him somewhere.
So the government followed her, and she left Seattle, drove down to a border town across from Tijuana, Mexico.
And when he came across the border to see her, instead of her going across to see him, they introduced him to the ghost of Christmas Past.
And, you know, all his best-laid plans all went to hell because he broke the rules.
art bell
But if you follow the rules, if you follow the plan, if you've read your book, and you followed it, then you're going to have a whole new life, many times better than the life you have right now.
edmund pankau
In many circumstances, yes.
art bell
When you speak, Ed, to large groups of people, of course you're speaking to one now, but you're not getting immediate feedback.
We'll go to the phones here in the next hour.
But I mean, you're not getting the groans or the claps or the agreements or the disagreements.
When you speak to a live group of people, how does all of this information hit them usually?
edmund pankau
A lot of people just, it stuns them because they don't realize that such opportunities are there.
And a lot of them, it's like pouring water in a sponge.
They just soak it up and say more, more, more.
I did a seminar in Denver last weekend.
And after the seminar, I got literally hundreds of emails, more information.
How can I do this?
How can I find out who's real?
What's real?
And it's just, it does two things.
Number one, it introduces them to a whole new way of thinking.
And more than anything else, that's what this does.
It tells them there's opportunities out there.
You don't have to take them today.
You can think about them, but the opportunity is there.
art bell
Knowledge is power.
edmund pankau
Yeah.
Knowledge is power, and the more knowledge, more power.
So people just wake up one day and say, the world is not what I thought it was.
art bell
Now, let me teach you about email.
What's your email address?
edmund pankau
The best one is ejpancow at aol.com.
art bell
E-J-Pankow.
edmund pankau
That's P-A-N-K-A-U.
art bell
E-J-Pankow, P-A-N-K-A-U.
And that's all in lowercase at AOL.com.
Now you'll find out about email.
edmund pankau
Oh, listen, last time we did our show, it was like the Encyclopedia Britannica was waiting for me every morning.
art bell
Well, AOL has a maximum-sized mailbox of, I don't know, several hundred, but you'll find it.
it's going to be real full.
edmund pankau
Well, I try to answer every email.
I spend an hour or two a day doing that every day.
art bell
Oh, how do you do it?
How do you do that?
I get now six, seven hundred mails, emails every time I open my mailbox.
And I'll tell people out there right now, it's a triage system, and I look at the subject header, and you better attract my attention in that, or it might not get read because it's just not humanly possible.
edmund pankau
Well, one thing I did is I created a second website called hideyourassets.com.
art bell
Right.
edmund pankau
And I put answers to the most often asked questions and the best resources like where to retire, where to go for international information, where to go for financial information.
So I tell people go to there first and it'll give them some clues.
And if you want to learn more, you either go to my www.pancow site for investigative information or send me an email.
And I do.
I answer almost every one because, you know, in the years I've been in this business, I've made so many friends and I've had so many people say, Ed, you literally saved my life.
art bell
All right.
Well, here's your chance, folks.
We're at the top of the hour.
We're going to go to the phones.
Email is EJPanCow.
That's P-A-N-K-A-U at A-O-L dot com.
E-JPanCow at A-O-L.com.
He's going to be writing for a while.
unidentified
This is Coast to Coast A.M. You're listening to Art Bell Somewhere in Time on Premier Radio Networks.
Tonight, an encore presentation of Coast to Coast AM from August 25th, 1999.
To realize what I have been, I have been on the hell of a night.
It's only to be here.
Her heart is on fire.
Hold like a wheel that's turning.
Her love is in life.
I love people.
You're listening to Art Bell Somewhere in Time on Fremier Radio Networks.
Tonight, an oncore presentation of Coast to Coast AM from August 25th, 1999.
art bell
Where to find me?
You know where to find Ed Pancal.
You know where to find his book.
Bookstores, I guess, nationwide.
Amazon.com through my website.
You can email him at E-JPanCal, all strung together, lowercase, E-JPAN, K-A-U at A-O-L dot com.
And if you want to find me, you'll find me at Mark Bell at MindSpring.com.
unidentified
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Simply visit CoastToCoastAM.com on your iPhone or Android browser.
Looking for the truth?
You'll find it on Coast2Coast AM with George Norrin.
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We're looking at a very historic time beginning to emerge right now.
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Now we take you back to the night of August 25, 1999, on Art Bell's Somewhere in Time.
Art Bell's Somewhere in Time All right, here we go.
art bell
Now, I promised you we would begin to take calls for Ed Pencal, who is one of our nation's top 10 Private investigators has authored Hide Your Assets and Disappear, one of five books actually that he's authored.
And so we're going to do exactly that.
If you have a question, we've covered a lot of territory, and there's a lot of territory that could be covered here, depending on what you would like to ask.
We're now going to make him available if that is okay with Ed.
unidentified
Ed.
art bell
That'll work.
That works for you?
That works for me.
All right.
Let's see what's out there then.
First time caller line, you're on the air with Ed Pancow.
unidentified
Hi.
Hello, Art.
Hello, Ed.
art bell
Boy, I can barely hear you, sir.
You're going to have to yell.
unidentified
Hello, Art.
Hello, Ed.
Terrific show.
art bell
Thank you.
unidentified
Thank you.
I have two questions.
One of them is concerning personal, a little selfish, and the second one is about Y2K.
First question, I'm 47 years old.
I was married, got in a divorce, literally lost everything.
We both lost.
is penniless.
Yeah, you know it, Art.
I am now in my second career in real estate.
I know I'm going to be doing well because that's what I was, sales was what I was doing before.
Ed, how, the first question is, how do I hide a half of my income or one-third of my income so that it's non-traceable, someplace where if something happens again, I can rely on that money?
question.
art bell
That's a big question.
unidentified
Okay.
edmund pankau
So that's a major question.
First off, it's hard to hide income because if it's reported by an employer, they know the fact how much you make.
But once you cash your paycheck and everything else, if you just take a piece of it and just put it in a box, put it in a safe, put it just under your mattress until you save up a couple thousand dollars, then you take a nice little weekend trip,
take one of these junkets or tours down to Belize, Honduras, any of these countries, and just open a bank account there and just keep putting your money there.
Save up your money and then wire transfer it or mail them a cashier's check when you get enough, and that money will sit in the bank, it'll make 10 to 12 percent interest, and it'll be gone.
unidentified
Great.
edmund pankau
So that's the way to do that trick.
unidentified
Y2K, we don't know what's going to happen on Y2K.
A lot of people have been saying put a little bit of your money in cash, in silver, Troy, Eagles, and things like that.
What do you suggest, the short term for the next few months, trying to save some of our money should something happen in Y2K?
edmund pankau
Well, what I'm doing is buying a diesel generator.
I'm going to make sure I have at least 10,000 rounds of ammunition.
And you can't eat gold.
If things are really going to happen in Y2K, the things that you can eat and use to generate electricity and things like that are going to have a lot more value than gold.
art bell
What is your take on Y2K?
I mean, here it is close to September now.
And, you know, we're getting such incredibly conflicting signals.
Some people think that disaster, several months of disaster, people won't be able to get their money out of the banks.
That's one side.
The other side says, baloney, a hiccup, nothing's going to happen.
What do you think?
edmund pankau
We just don't know.
We have no idea.
The one thing that is good news, though, is that of all the compliant agencies or agencies that have got their act together, the IRS is not one of them.
art bell
You know, that was actually brought up the other night when I had Gary North on, that the IRS is not prepared for Y2K, and it may well be that they won't know who's paying taxes and who's not and who's supposed to.
And what a mess.
edmund pankau
Well, I wouldn't want to be having them owe me money at the end of the year.
I'd much rather be owing them money.
art bell
That's a way to think about it.
Yeah, that's true.
All right, East of the Rockies, you're on there with Ed Pancow.
unidentified
Hi.
Yes, I'm Dale Myers, and I've got a question for him.
If I was to be looking for a person, how would I go about doing it on a fixed budget?
edmund pankau
Well, the easy way to do it is to go to the free website in the internet or go to your public library and use the free sites.
I use a search engine called Dogpile, and by using that as a search engine instead of many of the others, it magnifies your effort.
But either do that or go to the county courthouse and find identifiers on the people.
Find their date of birth, their social security number, in voter registration records and marriage records and lawsuit records.
Once you've got someone's name or date of birth, you own them.
Also, go to my website, www.tankau.com, and there's links for all the free searches for all of the internet sites where you want to go and find people like Bigfoot, which gives you a printout of everybody in the country with that last name, with their address and phone number.
So try that first.
unidentified
All right, I'd appreciate it.
edmund pankau
My pleasure.
art bell
All right.
Yeah, those internet search engines are pretty good.
Let me ask you a question, Ed.
There are companies, and they'll be nameless, that are on the internet that claim to go way beyond the free searches that are available on the internet for people for $19.95, $39.95, whatever it is charged to your credit card.
They will supply you with all kinds of additional information that you can't get otherwise.
Is that true or not true?
edmund pankau
Most of them are a rip-off because they give you no more information that you can get for free by going to Bigfoot.
The real databases that have information inexpensively are only available to attorneys, private investigators, and people in the business.
There's a company called DBT AutoTrack, and they have the best information in the country for the money available, but you as a general public can buy it.
art bell
How come?
I mean, why?
edmund pankau
Because they provide credit information and other information, and they limit access to it because they made a determination that they're going to police themselves and limit access rather than have the government do it.
art bell
But by hiring a PI, but under the color of law, how does a private investigator have a right or does he not have a right to any greater level of information about somebody than Joe Blow?
edmund pankau
Well, they don't have any greater right, but the companies that sell the information, their policy is, and it's no law or anything else, it's their policy and they quote the Fair Credit Reporting Act as a means of restricting access to their information.
Now they can't restrict access to public information and public information is publicly available, just they have a more accessible port, but they don't have to give you access unless they want to.
art bell
Interesting.
How many things like that are private investigators, similar privileges do PIs have that the average person on an information search would not have?
edmund pankau
Well, there's very few that they actually have the privilege to join that a public person or average Joe Blow doesn't have access to, but most of all, they have the knowledge of where to go.
Private investigators in general don't spread that knowledge, and so the average person doesn't know about a lot of the free sites or they don't know about places they can go where they can type in an email address and it'll tell who owns that email address.
But since we do this every day for a business, we know that you can go to the PI mall, put in someone's web address, and it'll tell who owns it.
art bell
Wow.
There's not a lot of privacy left, is there, Ed?
edmund pankau
There really isn't.
There's a balance usually between security and privacy, and that balance has tipped very far to the side of making information public.
The one thing is the public doesn't realize that their electronic signature does not belong to them, and it's worth thousands of dollars.
Credit card companies, marketing companies, automobile companies know the value of your electronic profile and they buy it and sell it and use it every day.
But it's not yours because you don't own it.
art bell
What a nice new, brave new world, huh?
edmund pankau
Oh, hey, it's a wonderful place out there.
art bell
Welcome to the Rockies.
You're on the air with Ed Pancow.
Hello.
unidentified
Hello.
art bell
Hi.
Where are you?
unidentified
I'm calling from, I'm listening to KOB in Albuquerque.
art bell
Right.
unidentified
Yeah.
Well, when one considers Belize or a similar tropical area, what unusual disease problems might you encounter, such as maybe the prevalence of malaria or dengue fever, which about two years ago I noticed had caused many illnesses in Costa Rica, even in the San Jose area?
art bell
Okay, well, you know, that's a great question because the first thing you listed as a thing you should consider is medical.
Yeah.
edmund pankau
Well, you want to definitely get a tetanus shot.
I would recommend a malaria shot and also a yellow fever shot.
You can go to the website of the U.S. Health Department and they'll tell you for particular countries, get this or get that.
But I would definitely get the malaria treatment.
My mother-in-law, she's been living down there for four years.
She loves it down there.
I told her, get the malaria shot.
She didn't do it.
She got a very mild dose, but it's, you know, some of the things with you forever.
art bell
I went to Africa, and when I went to Africa, I had to, it wasn't shots, thank God.
But they give you these pills, and you've got to take them for like, I can't remember.
My wife would know it.
Four or five weeks.
I mean, you just had to keep taking them and taking the horse pills, too.
edmund pankau
Oh, yeah.
art bell
So that's a consideration.
For example, in Belize, you might want to update your shot record, find out what's going around down there, and get shots before you go.
edmund pankau
An ounce of prevention is worth a fifth of cure.
art bell
First time caller line.
You're on the air with Ed Pancow.
Hello.
unidentified
Hi, Art.
art bell
Yes.
unidentified
Hi, I'm Betty from Staten Island, New York.
art bell
Hello, Betty.
unidentified
Hi.
First, I want to mention something.
What I saw yesterday, the sky was very clear and blue.
And all day long, there was these long white lines.
And two times I saw an X. All right, well, this is, you're talking about contrails.
art bell
Now, this is for a different show, Hun.
unidentified
Right, all right.
So for your guests, I wanted to know, we're not allowed to take too much money out of our country, right?
edmund pankau
$10,000 per person per trip.
unidentified
Right, but the president is taking out billions of dollars.
art bell
Oh, this is a political complaint about foreign aid?
unidentified
Yes.
art bell
Well, I don't know that that's not.
edmund pankau
It's yours and mine, unfortunately.
art bell
That's the other.
And that goes across borders totally unhindered.
edmund pankau
Really?
They'd have to fill Air Force One with as much money as he gives away.
unidentified
That's right.
art bell
A wildcard line, you're on there with that Pancal.
Hello.
unidentified
Okay, this is Ben again from Oregon City.
art bell
Ben again?
unidentified
Yeah.
art bell
What do you mean again?
edmund pankau
Oh, last night, Ben again.
unidentified
Yeah.
Okay.
How Y2K ready are these countries, or how will they affect you?
art bell
Oh, all right.
In other words, for example, Belize.
edmund pankau
Belize, Honduras, and other countries really have very little in the way of computer systems, so they're not going to be troubled by this.
The only thing I would recommend is I wouldn't fly within three or four days before Y2K or three or four days afterward because their radar screens may go out and your pilot will be flying blind.
But that could happen anywhere in the world, but particularly in third world countries.
art bell
I really like the Communist Chinese solution to this.
And I thought it was very intelligent.
The Communist Chinese government has ordered that every single last one of their airline executives will in fact be on a flight at midnight on New Year's Eve.
edmund pankau
That'll wake them up, yeah.
art bell
Well, I think it's caused them to pay some attention, definitely, to the safety of flight in China.
edmund pankau
That's one way to address the problem.
art bell
It's the way they're addressing it.
East of the Rockies, you're on the air with Ed Pancal.
Hello.
unidentified
Hi, Art.
Hi, Ed.
edmund pankau
How you doing?
unidentified
Hi, this is Kurt in Milwaukee.
art bell
Yes.
unidentified
I emailed Ed a few weeks ago.
It's about a student loan garnishment.
art bell
In other words, you took out a student loan and now they're garnishing it your payment.
unidentified
Yeah, it was like several years ago, and I've been trying to pay it back whenever I could if I have other loans and whatnot.
But anyways, without any warning, I had 10% of my paycheck taken out, and the employer told me nothing.
I got nothing, you know, no court orders or anything like that.
I guess something has changed in the last year or so.
edmund pankau
Last October, they changed the law.
Really?
Basically, now they have got you by your family best, and you literally can't dismiss this in bankruptcy.
You can't get any kind of deviation.
They cut a deal with the banks that financed these student loans and said, you're going to get paid no matter what.
Otherwise, nobody would have taken any of these student loan monies.
But because they're guaranteed, because they can do garnishment without court, you know, this is now the biggest moneymaker the banks have in the country.
art bell
How can they do that, Ed?
edmund pankau
They're the government, and they're here to help you.
art bell
But a loan, a student loan, it seems to me, would be covered in a personal bankruptcy.
How do they get around that?
edmund pankau
Special legislation.
They created special legislation just for student loans.
It's an outrage.
It's against everything else in the law.
But as I say, our government decided we want the ability to have these guaranteed, so they created their own legislative guarantee.
art bell
That's outrageous.
Caller, I don't know what to tell you.
unidentified
Yeah, no, it's just the only thing I'm upset about is that they just started taking it out without a day in court or anything like that.
edmund pankau
Well, let's see.
Fortunately, that's what they can do.
unidentified
That's what everyone's told me now.
edmund pankau
Okay, thanks for the congressmen, they passed this.
unidentified
All right.
art bell
Thank you very much for the call.
That's incredible.
I had not heard that.
edmund pankau
Well, after my last show with UART, I got thousands of calls from people asking about student loans, and they're all suffering this same thing.
It's one of the biggest disgraces and one of the biggest black eyes we have in this country is that, you know, people go and they get these student loans.
They believe they're going to get an education.
They get nailed by a fly-by-night company.
They don't get the education.
And then they're stuck with the bill anyway.
art bell
Wow.
When I purchased the property I have now and the house that I have now, Ed, I determined that I was going to live and rot within its walls for the rest of my life.
I love it.
And I love where I live.
So I homesteaded my home under Nevada law.
We have very strong homesteading laws here.
edmund pankau
Beautiful downtown Perup, yeah.
art bell
How good are the homesteading laws?
edmund pankau
The homestead laws have been very, very good, especially in states like Nevada, Florida, Texas, and others that have strong homestead acts.
But, again, our wonderful government is trying to erode that by saying you can only homestead up to the first $125,000 of your homestead.
art bell
So they're trying to pass new legislation.
edmund pankau
Exactly.
They are trying to do everything they can to basically make the consumer the victim and guaranteeing lenders the ability to get their money no matter what.
art bell
God, I love our government.
All right, Ed, stay right there.
We'll be right back with Ed Pancow.
unidentified
You're listening to Art Bell Somewhere in Time.
Tonight featuring a replay of Coast to Coast AM from August 25, 1999.
Tonight.
We'll be right back.
Come down, you'd better take care If I find you've been creeping round my back there She's been lookin'like a queen in a sailor's dream.
Music
Premier Radio Networks presents Art Bell somewhere in time.
Tonight's program originally aired August 25th, 1999.
art bell
Never, never break that chain.
And that's all it takes.
If you have hidden your assets and split, one little break in the chain and you're cooked.
So you've got to stick to your plan.
That's what Ed says.
We'll get back to Ed Pankow and more of this in a moment.
Here's kind of an interesting...
We'll do the break and then I'll read the facts to end.
unidentified
We'll do the break and then I'll read the facts to end.
Now we take you back to the night of August 25, 1999, on Art Bell, Somewhere in Time.
art bell
Art Bell, Somewhere in Time The following is from Mike Armagosa, which is close to me here in Nevada, and it's entitled Living in Foreign Countries.
Dear Art, in July of 1997, I retired from the motel business in Las Vegas with a small retirement income.
I bought a one-way ticket for India for $250 a month.
I had a beautiful new studio with a refrigerator, air conditioning, utilities included, all that for $250 a month.
He says, as my $250 a month example illustrates, one can have most of the comforts of home and still live cheaper, much cheaper than in the U.S. One advantage I had is that I had made three prior trips to India.
I'd spent seven months in India prior to the July 97 trip.
Therefore, I had no culture shock on my last trip to India when he was going and just going to live there.
And do you recommend that, Ed, that people go to these countries and get comfortable before they make the big one?
edmund pankau
Yes.
Before you go and make the big step, go take a week-long visit.
Almost all these countries have cheapy tours through travel agencies, and you can go there, look around, see if this is for you, make some local contacts.
There's a group called International Living, and they take tours down there, and they have a newsletter.
You can subscribe to that, go to the internet, read about it, get all the information you can, and then go look and see.
You might say, this isn't for me.
I don't like to fish.
I don't like the sun.
I'd much rather be in some place that I can play more pinochle.
Well, you know, they've got places like that.
But you should definitely go and see if this is the place for you.
art bell
So it's kind of like a marriage.
You want to live together a little bit first.
edmund pankau
You got to, you know, sit in the dark and raise your kimono, yes.
art bell
First time going online, you're on the air with Ed Pancow.
Hello?
unidentified
Hello there, Ed and Art.
art bell
Hi, where are you, sir?
unidentified
Springfield, Branson, Missouri area.
art bell
All right.
unidentified
And yes, first time caller, long-time listener, Art.
art bell
Thank you.
unidentified
And to Ed, I've read a couple of your books.
edmund pankau
All right.
unidentified
I wanted to get the word out or let you explain because I'm not really that familiar with it, but the word expatriate seems to carry a negative connotation.
And I would like for you to explain that a little bit because I've read where several people, I say I've read where several people, I've known several people in reality, that have went to Costa Rica and Belize, etc., and more or less sent their passport home.
Would you further explain the word expatriate?
art bell
I don't think that means what most people think as far as actually both are.
One, expatriate does have a negative connotation to it here.
Right, Ed?
edmund pankau
It does, and it has in the past.
Today they have a new term.
It's called PT, which is either previous taxpayer or perpetual traveler.
And that's the new terminology.
unidentified
Really?
art bell
All right.
And what the heck else did he ask?
Let's see.
edmund pankau
Well, you know, the thing is, this negative connotation, it all comes back from the story in the book of the man without a country.
But today, being a man without a country in many cases is a strategic and tactical advantage.
art bell
Okay, I remember.
He was talking about people sending their passports home.
In other words, that's it.
I'm done with you.
edmund pankau
I'm out of here.
I don't want to play the game no more.
Well, people have been doing this for years, particularly the entertainers and rock stars.
Rather than pay Britain's 50% tax rate, they went next door to Ireland and paid no taxes.
So the Rolling Stones, the Beatles, all of these groups, they gave up their British citizenship and said, you know, I'm now an Irish citizen.
Forget my taxes.
Do not deduct.
Do not pass go.
Do not collect $200.
art bell
How long do you think what we're talking about tonight, what can be done, personally, and successfully so if you do it the right way, as you have outlined in your books, not in totality here, but in your books.
If it's done the right way, how many more years or generations do you think we're going to be able to get away with this?
Or do you think that the old one-world monetary and finally political system will take over and stop all this?
edmund pankau
In some ways, they're trying to do that now.
And I think that our generation and the people for the next 10 to 20 years are going to be safe because there's still going to be have-not countries that want to have.
So they're going to create these opportunities.
But the have-countries, the ones that have had all the benefits for years, they're going to make it more and more restrictive to try and keep people from getting their money out of their countries.
So if you're going to do it, now's the time.
art bell
So the audience, the people now living who are considering something like this, you can do it.
You can probably get away with it for your lifetime.
But your children, maybe not.
edmund pankau
If you don't set it up for them now, they may never have the opportunity.
art bell
Wildcard line, you're on the air with Ed Pancow.
Hello.
unidentified
Oh, hello.
This is Maria from British Columbia, Canada.
art bell
Hi, Maria.
You're going to have to yell at us.
You're not too loud.
unidentified
Okay, I'll yell.
art bell
Thank you.
unidentified
I listen to you every night up here.
You've got A lot of listeners here, Art.
art bell
Thank you.
unidentified
Ed, I read your book and favored every page of it.
edmund pankau
Oh, my God.
unidentified
Seriously, considering doing this.
I'm on early pension, and I'm a single young woman.
I'm worried about my safety in countries like this.
And I'd also like to know about medical costs.
What are medical costs there in countries like that?
art bell
All very good questions.
unidentified
So the safety of depositing money in banks, I do have friends who have...
art bell
With respect to medical costs, if you're in Belize and you get sick.
edmund pankau
Medical costs are much lower in these countries, and the same doctors treating you there are the same ones treating you in the U.S. or Canada.
You see, many of our doctors didn't go to med school in the U.S. They went to teaching medical colleges in Honduras or Costa Rica, and they have very good medical for 25% of the cost in the United States because they don't have to put up with the horrendous malpractice insurance rates.
art bell
And it might also be added, they have people all the time, I hear about people leaving the U.S. to get treatments that are not allowed here.
edmund pankau
Yeah, our FDA has not approved treatments, and they do more experimental treatments and treatments that are frowned upon here.
If you're looking for certain treatment that hasn't been approved or hasn't been tested on 10 million people, you may want to go to Mexico or to Costa Rica and things like that.
But medical treatment is much cheaper.
It is very good.
And also, to answer your question about personal safety, I feel you'd be safer in many of these countries, particularly if you're in one of the gringo communities, than you would be on the streets of any major city in the United States.
unidentified
I agree with that.
art bell
Yeah, but you're in Canada.
unidentified
Oh, Vancouver.
edmund pankau
I was there a few months ago speaking at the Jerome Schneider Offshore Wealth Seminar.
Wonderful place.
unidentified
Oh, my goodness.
I've seen so many of Art's guests up here on lecture tours.
It's been wonderful.
And also, the city of depositing money in banks, friends of mine had deposited in South America, thinking it was safe.
And then when they went to the bank, they said, sorry, you can't have your money back.
art bell
Really?
edmund pankau
Well, if you do business, as May West would say, with a well-established firm, one of your big Canadian banks, CIBC, has offices all over the world.
And that's what you do.
You put it in your branch of CIBC in Belize.
And if for any reason there is any kind of unrest or you are not comfortable, you just give them a phone call or send them a fax or an email and say, transfer my money to your branch in Scotland for the next 90 days.
So your money is as safe, if not safer, than it would be here in the U.S. So I should just visit the country, set up a bank account, have a MasterCard, and I'm set.
You're in business.
unidentified
Sorry.
Thank you so much.
art bell
Okay, thank you.
When Gary North was on the other night, he said something really interesting and really shocking.
When we go to the bank, Ed, we are told, consumers are told, that your deposit is insured by the FDIC up to $100,000, right?
Correct.
But, Ed, I tell you, Gary North said, actually, the guarantee is to the bank, not to the customer.
unidentified
Correct.
That is correct.
edmund pankau
And, you know, back in the 1980s when we had our last SNL and banking crisis, and I did many of those investigations, there were a lot of people that had their money tied up or people that had more than $100,000 in banks, and they lost it.
art bell
They lost it.
And if there was a really serious problem, there is no guarantee directly down to the consumer.
It's to the bank.
edmund pankau
It's to the bank and to the fund.
And the fund was almost bankrupted.
It came real close to having to have, you know, major, major problems.
art bell
Boy.
That's a scary thing to realize.
And all of this stuff I'm finding out tonight that I didn't know.
East of the Rockies, you're on the air with Ed Pancow.
unidentified
Hi.
Hi, this is Angela from Kip Coral, Florida.
art bell
Hello, Angela.
unidentified
Hi, good morning.
I have a question for Ed.
He mentioned earlier about IRS possibly not being Y2K ready.
And I was wondering, do you think that the judicial courts in regards to a person's criminal record, if they'll be ready?
edmund pankau
Well, those records are really stored at the county level and they're first put on microfish or microfilm.
The court record, both at the local police level and maybe at the national level, which is the National Crime Information Center, may get screwed up for a short while.
But the actual record itself, which exists in the county, is going to be there and will be kept more or less as a hard copy.
But the system could go down and they could lose, and many states have lost, a great deal of their criminal histories that they had on computer.
unidentified
Okay.
I don't have a criminal history myself, but the reason I'm asking, my husband is originally from Mexico and he applied for permanent residency here after we married.
And one of the requirements to prove he had to have a background check and all of this.
And he needed to show an arrest record if he had had one.
And he had had a DUI like 10 years ago.
They had to look this up in their computers at the courthouse here, and they could only go back five years.
edmund pankau
Right.
unidentified
They weren't able to find it.
So I was wondering, when Y2K comes, you know, is it a possibility that a lot of people lose their criminal histories?
edmund pankau
Well, some of it may happen, but again, if they really go back and look manually, the computer isn't everything it's cracked up to be.
And much of the records from before computers.
BC is 1985 in my book.
But that information, it is retrievable, it does exist, but it can't be pulled up on computer.
So it won't totally disappear, but it will be less accessible.
art bell
For a while, at least.
This comes off the ESPN wire.
They've got a wire now.
And it's a story filed August 20th, entitled, Bank Insiders Can Beat the System.
It says, it was an official document called a suspicious activity report, SAR, which banks and other financial institutions are required to file with federal authorities when employees detect unusually large deposits or transfers or other aberrations.
Now, Ed, I thought we just went through this whole brouhaha about profiling bank customers, and the damn thing got shot down, but this would seem to indicate that there's something in place now that does report unusual transactions, large amounts of money come and going, whatever.
edmund pankau
Oh, very definitely.
The only thing that got shot down was the know your customer rule, which basically said banks have to document not only who you are, but who you do business with and identify them by photo ID.
The actual profiling by the CTRs, the currency transaction reports, and the SARs, the suspicious activity reports, those are still there.
They're very much enforceable.
And they've actually reduced the dollar limit from $10,000 to $3,000 on a currency transaction report in most jurisdictions.
art bell
You're kidding.
edmund pankau
So they're tightening the noose, not lowering it.
art bell
Wow.
They have that much control over money that you have already paid taxes on or whatever.
I mean, if you just happen to have a bunch of money, they have that kind of control and tracking?
edmund pankau
They do.
And see, the government's got a semi-secret little agency called FinCEN, the Financial Crime Enforcement Network.
art bell
Yes.
edmund pankau
And it's their job to gather this information and to use it to support other investigative agencies.
So your material may be looked at at an agency that makes the FBI look like little Lord FauntleRoy, and you'll never know it.
art bell
Incredible.
West of the Rockies, you're on the air with Ed Pancow.
unidentified
Hi.
Hi, good morning.
Good morning, Ed.
How you doing?
art bell
I'm fine, sir.
Where are you?
unidentified
This is Joe from Pogo, Utah, K-Talk 570.
art bell
And on a cell phone.
unidentified
And on a cell phone, yes.
I drive a truck in the morning.
I see.
Yeah, I'm very involved with Native American issues.
And I don't know if you know too much about that, but if you're involved with that, you're on kind of the cutting edge of conflict with the government.
art bell
Oh, yes.
unidentified
And so we're fighting a nuclear waste dump out here against a consortium of utilities that are trying to, they've basically gone in and undermined the integrity of a small band or tribe, the Goshoots, out here, about 45 miles west of Salt Lake.
We're using my house as kind of an area for setting up an office.
We've created a nonprofit to be able to generate funds for legal expenses and so forth.
And I put a couple of lines in, extra lines into my house.
And one of them rang the other night, which I thought was odd since I didn't even know what the number was.
And so I was talking with guys, and I picked it up, and it was dead.
And just like as if it hadn't been hooked up.
So I told one of the guys, he rolled his eyes back and said, well, you know, you're bugged.
Ed, does that sound like I've been bugged?
edmund pankau
No, not really.
A lot of people think they're bugged and that's not really the case.
There's a little too much paranoia about that.
There are, in fact, circumstances where things like this happen, but I wouldn't automatically consider that that's the circumstance.
I would definitely look a little further to see is there more substance behind that.
art bell
The real truth of the matter is, Ed, if they wish to bug your phone, you know, all the time you hear people say, oh, I hear the clicks, you know, I hear clicks and I hear crunches and I even hear somebody, I think I hear somebody breathing and you hear all this.
The truth is, if they want to tap your phone, there's no way in hell you're ever going to know it's tapped, is there?
edmund pankau
That's right.
You'll never hear a sound because it's done through the phone company with their permission and their assistance.
And, you know, that's it.
You'll never know.
There will be no way to test it.
And actually, there's no way to, you know, buy one of these little devices over the telephone that say you're bugged.
It'll never show up.
art bell
Yeah, of course not.
That'll tell you whether an extension is picked up, perhaps, but that's about it.
unidentified
Right.
art bell
And your book, I take it now, is not just Amazon.com, but it's available.
Is it generally in bookstores around the country?
edmund pankau
Yes, it's actually made number nine on the New York Times bestseller list.
Wow, it's everywhere.
And I've got to thank you a lot for that art.
But it's in all the bookstores.
In fact, I was in one bookstore doing a book signing.
They put 200 of the books in the window, and people that had never walked in this bookstore in their life were coming in by the droves and buying the book.
I had like a three-hour signing party.
art bell
Yeah, I can see why.
In a way, Ed, it's a sad commentary on our times that something like this would sell so well.
And I in no way belittle your book, but it's just, I mean, it really is, isn't it, kind of a sad commentary?
edmund pankau
Well, it is.
It's really, you know, unfortunate that our country has reached a point where people can no longer look at it as the place that we've been proud of for so many years.
art bell
That's right.
That's exactly right.
edmund pankau
It just, you know, it's not there anymore.
art bell
All right, listen, I've got one more hour.
Are you good to go?
unidentified
Oh, I'm good to go.
art bell
All right.
If you'd like to email this brilliant man, he is E.J. Pancal.
That's E-J-P-A-N-K-A-U at A-O-L dot com.
If you want his book, my website, Amazon.com, you've got it on the way.
Or, of course, in your local bookstore.
It's called Hide Your Assets and Disappear, which is what I'm going to do for about five minutes.
Get right back.
unidentified
You're listening to Art Bell Somewhere in Time on Premier Radio Networks.
Tonight, an encore presentation of Coast to Coast AM from August 25, 1999.
Coast to Coast AM from August
Coast to Coast AM from August 25, 1999.
25, 1999.
Thank you.
Falling in love we're listening to Art Bell somewhere in time, tonight featuring a replay of Coast to Coast AM from August 25th, 1999.
art bell
And Ed Pancal, who's authored Hide Your Assets and Disappear.
It's a runaway bestseller, no question about it.
And I guess if you've been listening tonight, you know why.
unidentified
I'm out.
I'm out.
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george noory
I argue with people about disclosure time and time again.
unidentified
I've told them governments are not going to come out willingly to tell us it's going to happen by a mistake, it's going to happen by a whistleblower, but it's not going to be an organized thing.
Governments won't do that.
And the reason why they won't do it is because they do not want us to know.
They think that they'll lose control of us if we know.
If you actually truly believe that we were being visited by extraterrestrials and you had categorical proof that it was happening, do you think you would listen to some of the bull that government throws out all the time?
Absolutely not.
You'd look toward the heavens, you'd say there's got to be a better way, and you would start doing your own thing.
And you would forget all about government control and everything else.
So the bottom line is government will never, ever disclose the true facts of UFOs.
You're listening to Art Bell Somewhere in Time on Premier Radio Networks.
Tonight, an encore presentation of Coast to Coast AM from August 25, 1999.
art bell
Back now to Ed Vancouver.
Ed, I've got a quick facts I want to read.
It says, Art, the Government of Canada enacted legislation two years ago permitting Canada student loans to survive most forms of bankruptcy.
This was because, one, 7% of all loans were in default four years after graduation.
Two, of these, there were just a few too many doctors, dentists, and lawyers for the government to ignore the political heat.
Three, when out of this smaller group, two or three simultaneously divorced the spouse who had sacrificed and delayed their own studies to put the other through school, lynch mobs were literally forming in the streets of Ozo Gentle, Canada.
Comments?
edmund pankau
Well, the same thing is happening here.
You know, the banks have put pressure on the government saying we're not going to guarantee student loans unless you make them ironclad that people can't get out of them.
And that's what's happened.
You know, Canada went through this.
We've gone through this.
The next is going to be Australia and New Zealand.
And it just, you know, every time something like this comes up and every time the government has some new program and they want somebody to buy into it, they create legislation that guarantees it.
I mean, it's, you know, it's crazy.
art bell
Hi, I agree.
First time, caller line, you're on the air with Ed Pencil.
Good morning.
unidentified
Good morning, both Art and Ed.
art bell
Where are you, ma'am?
unidentified
I am in Texas.
art bell
Okay.
unidentified
All right.
Yeah, thank you.
It has immediate response to what you were just speaking of, and only a little more enlightenment with regard to what they call fraudulent transfer.
edmund pankau
Right.
unidentified
Now, if you happen to have transferred funds out of the country, or even for this reason or that, to your children, and then later on you have to take Chapter 7 bankruptcy, which has nothing to do with the other.
And this is not with consumer or big credit card debt.
You can be nailed for the fraudulent transfer.
And while the law says one-year limit, this vanishes if they claim fraud.
And then it's related back in time, and they can find some reason.
Now, this is the federal bankruptcy court.
edmund pankau
Right.
Well, what the fuck is that?
It has to be done in anticipation of a debt.
If you transfer the money before you have a financial obligation or knowledge of impending financial obligations, then you can make those transfers and they cannot charge you or bother you under the Financial Conveyance Act.
unidentified
Well, even under case law, which I'm very familiar with, it's your word against theirs whether you knew about a debt or anticipated it.
But the interesting thing, if you have a creditor, let's say it's a business associate or even a relative, using your own money that they caused you to lose and then you claim bankruptcy, and they claim fraudulent transfer, they can fund the bankruptcy court trustee to reopen a case and make sure you are ruined.
edmund pankau
Well, not necessarily.
They can try to make that claim.
I've testified probably in more than 50 cases of this type.
And again, it goes back to knowledge and intent.
And the bankruptcy trustees and the bankruptcy courts really have very little jurisdiction outside the United States.
And first off, they have to document and prove that such a foreign account exists.
And in most places, that's impossible to do if you set up your account with no paper trail.
unidentified
Right.
And another thing, having done this, I would suggest that you do not travel from your home city.
It's very easy to get to another city and book from that city.
edmund pankau
Exactly.
In my book, I tell people to book a picture of it.
I'm going to go to Mexico City and then get a second ticket from Mexico City to the Cayman Islands.
Have a break in travel so nobody knows where you went.
Also, don't have your passport stamped because if you're ever deposed in a court case, one thing attorneys do is ask to see your passport.
unidentified
Oh, definitely.
Definitely.
edmund pankau
And they look to see, you know, where these good housekeeping seal of approval stamps are to indicate where you've been.
unidentified
That is an ego thing.
And just one other thing.
A trustee can be funded by a creditor to reopen and then totally fund it.
Now, if you're bankrupt, even if you have your cash in another country, you can't bring it back, obviously.
But then you don't have the money to defend yourself, which is in district court.
Because, see, bankruptcy court is the only one without a jury.
edmund pankau
Well, not necessarily.
And again, bankruptcy court is a federal court.
District court is either a state court or a federal court.
But again, there's so many bankruptcies and so many issues that they don't have the ability to go and do everything that needs to be done.
People make a lot of claims and a lot of allegations, but if they can't document them, that dog don't hunt.
art bell
Now, you bet.
You betcha.
Wildcard line, you're on the air with Ed Pancake.
unidentified
Hi.
Ed.
art bell
Yes.
unidentified
I'd like to know where in the world, I know here in America there's some wealth, but it's so hard to get to, but where in the world is there a location?
I've heard of some people going to South Africa, getting dirty, and doing diamond mining and stuff like that.
art bell
Yes.
unidentified
Is there still wealth in the world for a man who has some get up and go?
edmund pankau
Oh, yeah.
art bell
Boy, is there ever, Ed?
edmund pankau
Yeah, there's a lot of places.
In Central and South America, there's emerald mining.
There are tons of places, both in the U.S. and in foreign countries, that have gold reserves.
You just take the stretch of highway between Denver and Durango, Colorado.
There's people that go out there in the summers and pan the rivers and make enough college money to pay for the rest of the year's education.
If you're willing to go out and break your back and sweat and work and want to do this, Canada, Alaska, Colorado, Honduras, there's still places with tremendous mineral wealth that are waiting to be picked up.
art bell
You know what I always thought it'd be fun to do, Ed?
unidentified
What's that?
art bell
Go to a highway, like you mentioned, that is not frequently patrolled by the police.
And just early evening, set up a toll booth.
And I would be willing to bet you willing to bet you that 99 out of 100 people would stop and dutifully pay the toll, maybe with a sort of a cringing pace, but they'd pay the toll and go on.
edmund pankau
Probably.
I had a grocery store manager that set up an extra aisle in the grocery store that was his own private aisle.
Same thing.
art bell
Same thing, yeah.
East of the Rockies, I'm here with Ed Pencow.
unidentified
Hi.
Hey, how are you guys doing tonight?
art bell
All right, actually.
unidentified
This is one of my favorite shows I've ever heard you do, Art.
I'm glad.
And I've got to try that toll booth thing sometime.
But I'm Josh.
I'm calling from Tulsa, Oklahoma, and I have two questions.
art bell
You guys have toll booths there, so it'll really work there.
unidentified
Yeah.
But number one is I was wondering how Y2K compliant is the offshore banking community?
art bell
That's a whale of a question.
edmund pankau
Yeah.
Well, it depends.
A lot of the countries are very compliant, but others, they're low-tech.
They keep all of their documents on 3x5 cards.
They don't have them computerized.
As long as you've got a good hard copy, there's not going to be a lot of problems.
But, you know, no one knows how the banking and brokerage industries, which are the ones that really hold our money, are going to deal with this.
I personally think that the stock market's going to take a big, big hit between October, November, and December that a lot of people, win, lose, or draw, are going to want to take their money out because they don't know what's going to happen.
And, you know, a lot of the banks, especially the very computerized ones, may have some very real problems.
The banks that are low-tech aren't going to have those kinds of problems.
art bell
what i'm most worried about uh...
and is the panic factor i i think that's more likely to do is in them the first Precisely.
I've heard it a million times from Gary North and a lot of other people, and that is that if everybody, or even half of everybody, went and withdrew just a little bit of their money, the banking system could no more handle it than the man in the moon.
edmund pankau
Exactly.
art bell
They have got to convince people between now and then, come what may, that everything's solid as a rock.
Don't go to the bank.
Don't withdraw money.
edmund pankau
That's true, because if people did start doing that, it would create a run on the bank.
It would create tremendous problems.
And it'd be like a snowball going downhill.
Each step would create five more.
art bell
I don't know how you do that.
I just, that's as much of a mystery to me as what actually may occur with Y2K.
I don't know how you prevent that.
edmund pankau
Well, no one knows, and no one knows what's really going to happen.
It's one of those things we're going to watch and see.
What I've heard a lot of, and I agree with, is that things are going to wind down, and people are going to get more and more conservative and more cautious.
But if January 2nd comes along and nothing's happened, there'll be a tremendous upsurge again in stocks and this and that and everything else.
art bell
Yeah, that would make sense, of course.
edmund pankau
But no one, you know, this is something new and this has got ramifications that no one knows the real answer to.
art bell
Are you getting a lot of questions from your clients about Y2K?
edmund pankau
Yes, I am.
And they're asking me, you know, how can they go lower tech?
How can they put their assets and themselves in a situation that if there is a problem, that they can deal with it, that they can put their arms around it and solve the problem.
art bell
And what do you tell them?
edmund pankau
I tell them basically that, number one, you want to have sufficient survival materials, food, water, electric, this and that, and everything else, available to yourself to get you through a minimum of 10 days, just in case.
And the other thing is your money.
Number one, I would not want to have the government owing me money at that period of time.
I would feel much better underpaying my taxes and then catching it all up in the end of the year than have some computer saying, dear sir, you're lost in the system.
Within the next nine months, we'll get you straightened out.
art bell
That really could happen, huh?
edmund pankau
It really could.
And, you know, from what I understand of the IRS and others' computer systems, they're just a huge mess.
The IRS had a big problem years ago.
They bought a huge craze supercomputer.
We're going to put in everything about everybody, but the system scrambled.
It turned to toast.
And they lost a tremendous amount of data.
Yeah, I know.
It couldn't happen to nicer guys.
But, you know, we just don't know.
And, you know, in confusion, there is opportunity.
unidentified
Always.
art bell
Always opportunity.
West of the Rockies, you're on the air with Ed Pangow.
Good morning.
unidentified
All right, how are you doing tonight?
art bell
All right, sir.
unidentified
This is the lone gumman from News Radio 630 KIDO, your affiliate in Boise.
art bell
Boise, Idaho, yes, sir.
unidentified
I've got a show Saturday night at 11 on KIDO.
art bell
All right.
unidentified
Do you know how many hours we get your show in Boise?
art bell
How many?
unidentified
Nine hours a night, six nights a week.
art bell
How can you stand it?
unidentified
We love you up there.
art bell
I guess.
unidentified
I'm sort of the Art Bell substitute on Saturday night.
It's the one night you're not on the air.
I see.
art bell
Nine hours a night.
I can use a break.
All right.
Anyway, welcome.
unidentified
Ed, John Galt Society, hello to you.
edmund pankau
All right.
Well, I'll be seeing you guys in Australia.
I'll be speaking there the first week of September.
unidentified
I think you know my honor partner, Andrew.
edmund pankau
I do.
Andrew and I are well connected.
unidentified
I wasn't able to make it out to the last seminar, but he had good reports, said he're probably the best guest there.
edmund pankau
Well, I tell you, I really believe in the John Galt Society, and it's an idea whose time has come.
unidentified
Oh, we think so.
We definitely think so.
I was wondering, this might be more of a question for the general audience, but do you feel that there's more, do you feel that there's any financial privacy available in the United States?
I've heard that as long as your money is anywhere in the U.S., if it's in a trust, if it's in any bank account, it can be gone to by the government one way or another.
edmund pankau
That's true.
If they allege fraud, if they allege alter ego, if they allege fraudulent transfer, there is no means to protect it.
You can have trusts, partnerships, this, that, they can cut through it like knife through butter.
And so if your money is here, you know, it's just open to any type of government scrutiny.
art bell
That's really frightening.
edmund pankau
Well, they make the rules.
unidentified
Art, you know, I was hearing you say that you didn't want to send your money out of the country because it might be a tad unpatriotic.
art bell
Yeah, I really felt that way.
I mean, somebody unnamed sat down with me and talked to me about it, and I just didn't feel right to send you a money.
edmund pankau
Let me tell you something about that, Art.
Our banks send their money out of the country.
Our banks send your money out of the country on the weekends to gain interest on days that they don't get interest in the U.S. Yes, I know that's true.
art bell
And my feelings are very provincial, I know.
edmund pankau
I think you're right.
unidentified
The bureaucrats define your patriotism.
art bell
Well, I'm 54 years old, and I guess I'm out of what is now the old school, and so that I may have to learn a lesson.
I don't know.
I felt that way.
edmund pankau
I just somehow if someone would have told me five years ago that I would be a radical, that I would be arguing against many of the policies that I taught and I worked for, I never would have believed it.
But I'm like you, I'm 54, and I've seen the world change all around me.
And today we do.
We live in a different world, and we either adapt to it, and we either deal with things as they come up and create our own reality, or someone does it for us.
unidentified
Well, I'm sure you're right.
art bell
And I probably should re-examine how I feel about all this.
So I'm kind of glad you brought that up, caller.
unidentified
All right.
Well, hey, good talking to you, Art, and listen to the show on KIDO Saturday night.
art bell
All right.
You take care.
unidentified
All right.
art bell
And hang in there and fill the gap on Saturdays.
unidentified
Will do.
art bell
You do nine hours?
unidentified
I got one hour.
art bell
Just one hour?
unidentified
Just, we're brand new.
art bell
Good luck, my friend.
unidentified
Thanks, Art.
Take care.
art bell
All right, Ed Pancow is my guest.
His book is Hide Your Assets and Disappear.
I put in the...
unidentified
Oh, oh, oh, oh, oh.
art bell
Pancow, it'll run it all together.
E-J-Pancow, P-A-N-K-A-U, at A-O-L dot com.
unidentified
You're listening to Art Bell somewhere in time.
Tonight featuring a replay of Coast to Coast AM from August 25th, 1999.
Can't stay the night without your love.
Oh, baby, don't hold me this way.
I can't accept.
I'll surely miss your tender fear.
Don't leave me this way.
Baby, my heart is so full of desire for you.
You come down and do what you gotta do.
You started the fire down in my ball.
Now get to see it flying behind control.
Let me be alright, it's only gonna get right with nothing wrong.
We gotta get right back to where we started going Do you remember that day?
Do you remember that day?
When you first take my way, I don't wanna take your place.
If you get hurt, if you get hurt, I'm a little thing like me.
I can spend my mom back on your face.
You're listening to Art Bell Somewhere in Time on Premier Radio Networks.
Tonight, an encore presentation of Coast to Coast AM from August 25th, 1999.
art bell
It's bound to happen.
That is to say, the period of time between now and January 1st is going to be a very, very interesting time.
Weather-wise, Y2K-wise, stock market-wise, it's going to really be a fascinating time.
unidentified
The End Now we take you back to the night of August 25, 1999, on Art Bell, Somewhere in Time.
art bell
Art Bell, Somewhere in Time We were talking about, you know, the way you feel about things and the way I feel about things a little while ago ahead.
It's an interesting conversation.
I have what I call my mortality theorem, which is that as we get older, the music of the day sounds like crap.
Society begins to change in a way that we are no longer comfortable with.
And that includes financial and social aspects of society.
The laws change.
The government begins to be more intrusive.
Privacy disappears.
And so, you see, by the time we get to be in our 70s, if we make it that far, even our 80s or better, we're ready to throw up our hands and say, I'm out of here.
I'm out of here.
I don't like it anymore.
Take me away.
And, you know, the new people, what do they know?
They're living with the new, the brave new world, and for them, everything's okay.
That's my mortality theorem.
You know, God, take me.
I'm ready.
unidentified
I think there's a lot of truth to that.
art bell
You know, so do I. First time caller line, you're on the air with Ed Pancow.
unidentified
Hi.
Hi, I'm Ayan.
art bell
Well, yes, you are.
unidentified
Oh, great.
This is Diane on Camino Island, Washington.
And I live near Gilbert in Oak Harbor, and I always wanted to go look for him here, but decided not to.
Anyway, I have two quick questions, and one kind of goes to when Ed was a private investigator.
Sure.
I've done some article writing, and I've found that this is going to sound strange, but I find that men in general will tell women all sorts of things.
They almost don't perceive this as a threat.
And I've been able to weasel so much stuff out of people just because you're a woman.
Just because I'm a woman, yes.
Did you find that with any operatives you worked with or anything like that?
art bell
You must not have heard the first part of the show.
unidentified
I didn't, I'm sorry.
art bell
Ed employs a woman who has a voice that will allows a man to tell her anything she wants to know.
Right, Ed?
edmund pankau
Yeah, she has a voice that no man can hang up on.
And, you know, in my staff, I've had a staff as high as 75 people, and two-thirds of my investigators were women because women are more detail-oriented and better for doing certain kinds of work, like particularly the court record research, and they're just digging.
Women want to know.
They have this insane desire to know.
And they do.
They make the best investigators.
unidentified
Well, I was doing some marketing research, and I found I had a real talent for this.
And the next thing I know, they have me doing all sorts of little spying things on their competitors.
And I mean, I didn't have to say hardly anything, and these guys would just sort of gave it all away.
But anyway, my other question is, is how good is creating a nonprofit organization to hide your assets under?
edmund pankau
Again, if it's done with the intent to commit fraud or to defraud creditors or as an alter ego of an individual, they will slice right through that like a hot knife through butter.
unidentified
Oh, okay.
edmund pankau
It's all the issue is the intent.
If the intent is to have a charitable foundation and it's used as a charitable foundation, that's one thing.
But if it walks like a duck and talks like a duck and quacks like a duck, they're going to think it's a duck.
unidentified
So if you had a legitimate sort of, you know, we've been doing sort of wildlife rescue on the side here.
And, you know, if we turn that into a real charitable organization, I could, you know, if I'm not going to be able to do that.
I mean, if you're doing real charitable bother it, and they won't bother it.
Oh, okay.
art bell
All right.
Thank you, ma'am.
Well, then, let me ask you this, Eddie.
In order to become one of our nation's top 10 private investigators, was it necessary for you to get really in touch with your feminine side?
Hello.
Or just hire a bunch of females.
edmund pankau
Well, I've got a lot of women that are just real good at that.
I work better the way I am.
art bell
I've got you.
Wildcard Line, you're on the air with Ed Pancow.
Hello.
unidentified
Good morning, gentlemen.
edmund pankau
How are you?
art bell
We're all right, sir.
unidentified
This is Errol from Calgary, Alberta, Canada.
art bell
Calgary, yes, sir.
unidentified
I spent some time in Costa Rica about three and a half years ago.
That's a beautiful place.
If I was going to go move somewhere, that would be it.
They also down there have settlers' rights.
If some guy owns some land and he doesn't live in the country, he doesn't show up there at least once every six months, you can jump on the land and take a claim.
edmund pankau
Well, it's not quite that easy.
But, you know, some people have tried that and things like this.
You've got to protect your property and your claim, but still, the law and the deeds and the records today are pretty well caught up.
The one thing about Costa Rica is that the real estate prices in Costa Rica have gone up 500% in the last five years.
And Honduras and Guatemala and Nicaragua are not going to be real far behind.
art bell
Wow.
edmund pankau
So right now, they're the places that everybody's looking to go to.
But the handwritings on the wall, even Cuba, we as Americans can't go in there and buy property, but the Germans, the Italians, and the French are in there buying up everything they can get their hands on.
unidentified
Canadians?
art bell
Yeah, Canadians.
unidentified
I was about to say that.
The resort that we stayed at was owned by Germans and Canadians.
And it was a beautiful place.
Another thing I like about it there is the beaches are all public land.
You can pitch a tent on a beach and nobody can tell you to leave.
art bell
Really?
unidentified
Exactly right.
This resort that we were at was right on a beach, of course, in Nicolla Bay.
And there's guys wandering around on the beaches there to live in the nearby villages.
And the resorts don't like having them around because they're coming along and they're taking business away from the people that are working there, i.e.
taking them fishing for a price.
But there's nothing they can do about them because they stay on the beach and the beach is public domain.
art bell
All right.
Well, then that makes me want to ask the following question.
Ed, we believe, most Americans believe, and this may be another one of my old myths and balloons that are about to be popped, but we think we live in the greatest bastion of freedom in the world.
unidentified
Is that still technically true?
edmund pankau
In some ways, yes.
In some ways, no.
As far as having the personal freedoms to be able to express yourself, it has been for many years.
But again, we have got more to protect now, and so the interests that have the ability to do so will do it.
But as far as having the other freedoms to not be taxed without representation, to not do things, or to be able to have the ability to be more creative, no, we don't have that.
And there's other countries that have a lot more opportunities.
Boy.
And, you know, it's just, it's always a question of the haves and have-nots.
When this Country was a have-not.
We invited people in, we did everything, but today we restrict the people that can come into the United States.
We restrict the amount of money you can take out of the country.
We do all these restrictions because we become a have instead of a have-not.
art bell
That's a sad thought to contemplate.
I mean, I guess I've done a lot of travel ed, and it did strike me, I'm afraid, in certain places that the style of living was easier, more friendly, and it seemed like there were more freedoms, at least on the surface.
Now, I guess our freedom of speech is pretty much still intact, but even that is beginning to get curved edges to it, isn't it?
edmund pankau
It is.
Everything now, people are trying, and the government's trying, to hold on what it's got.
So slowly but surely, all of those things that we've taken for granted are changing.
There's too many people, there's too many interests, there's too much competing interest for everything out there.
art bell
And we're like the frog in the slowly heating water.
edmund pankau
Yep.
art bell
Or lobster or whatever.
I don't know.
edmund pankau
All right, as long as it's done slowly, we're never going to complain.
art bell
East of the Rockies, you're on the air with Ed Pancal.
unidentified
Hi.
Gentlemen, it's good to talk to you tonight.
art bell
And to you, sir.
edmund pankau
Where are you?
unidentified
I'm in Oklahoma.
art bell
Okay.
unidentified
I was wondering if there is something like an FDIC equivalent that works with the offshore banks and how much they insure up to.
edmund pankau
There is no such thing that really works.
There is an organization that calls itself the IDIC, the International Deposit Insurance Corporation, but it really doesn't have any backing.
Basically, in these other countries, you do business on the strength of the institution, like a Barclays Bank or a this or that.
There's not something that crosses any borders or lines.
Certain individual countries have their own kinds of insurance, but there's no international insurance that really provides any type of protection.
unidentified
So would it be safer if I was going to put it in it like a German bank that had a branch in Aruba or something like that?
edmund pankau
Yeah, you take a large international bank, a bank that has got worldwide branches, experience, and stability.
They are going to be a much better candidate for your business than the Joe Bag of Donuts Bank of Belize.
art bell
Like the Bundesbank or something.
unidentified
Yeah, it's still not risk-free, though, is what you're saying.
edmund pankau
Today, nothing is risk-free.
I mean, we step out of the car and walk down the street, and there is risk.
But there's no risk-free banking, even in the United States.
We like to think there is.
unidentified
Over $100,000.
art bell
However, if you look at institutions like we were talking about earlier, on the island of Man, for example, they have been safely storing money and providing interest accounts for people far longer than any bank in the U.S. has been doing it.
Right, Ed?
edmund pankau
Yes, they've got a much greater, longer banking history than we've ever thought of, and they've never had the failures and the problems.
art bell
So that's another way of thinking about a caller.
unidentified
Okay, well, then Allah Men and the big international banks.
edmund pankau
Let's keep that line.
art bell
Take care.
West of the Rockies, you're on the air with Ed Pancal.
unidentified
Hi.
Hello.
Hello?
Hello.
Hello?
Yes.
Yes.
First time caller.
Good.
I want to inquire about the corporations of Nevada.
We'll get the detail on that.
I think I've gotten involved in it.
art bell
All right.
unidentified
Family Limited Partnership in Nevada.
art bell
Yes.
unidentified
Sorry?
art bell
There's like a gold rush going on.
People leaving California and coming to Nevada.
unidentified
Yeah.
art bell
So specifically, what is your question?
unidentified
Are those asset protections any good?
There's companies advertising them today.
Go Nevada, California, anyone in California, Oregon, Arizona, join the corporation, asset protection, take your titles to your real estate, put them in Nevada under a fabricated name, put your bank account in a limited partnership, and they cannot touch it.
They say they guarantee it.
That company's advertising it right now.
edmund pankau
That's not true, because basically, again, if the civil authorities or the government alleges fraud, they can cut through all of that, especially if you do it in a fraudulent name or anything.
There's always a paper trail that can be followed for money.
And the more steps you take to wiggle, the more likely they are to find you guilty of fraud.
unidentified
Interesting.
edmund pankau
The only thing that Nevada really offers different in a corporation is that they only list one officer or director rather than three.
But if you've written a check for a corporation, if you've transferred money out of an entity into that, there is a record in the banks and they're going to be able to follow that.
And when they find it, you know, there's a word.
It's called Bohica.
And it stands for bend over.
Here it comes again.
That's what you're going to be dealing with.
So the people that are selling all this and promising this are making empty promises.
art bell
I've got to remember that.
All right.
First time call our line.
You're on the air with Ed Pancow.
unidentified
Hi.
Bohica.
That's a good one.
This is Chris in Chushu Town.
art bell
Chattanooga?
unidentified
Yes, sir.
art bell
All right.
unidentified
All right.
Mr. Pancow, the island lives sounds wonderful, but I can't help but think of the Andy Griffith show where Howard Sprague decided to move down to the islands and soon found that there was nothing to do.
For a person who's not retired, what sort of work would there be besides milk and coconuts and peeling pineapples?
edmund pankau
Well, there's a lot of work down there.
These companies are really coming into the 21st century, so they need people that have teaching skills, people that have computer skills, and if you can repair a god in Honduras, if you can repair a car in Honduras, you are a god.
Any of the skills we have here, sales skills, There's many American companies that are looking for agents to go down there and sell their U.S. product in these foreign countries.
But Intel, the big computer company, just built a huge plant in Costa Rica and they're employing thousands of Americans as well as many thousands of Hondurans and Costa Ricans to build computers and to do work that was formerly done in the U.S. So there's plenty of work down there.
My mother-in-law moved down there four years ago.
She now owns the largest real estate business in the island of Royce and makes far more in Honduras than she ever made in the U.S. How about that, Color?
unidentified
Great.
art bell
I'm with you on islands.
I lived on islands for a lot of my life, and you get island fever after a while.
But if you're in, say, Costa Rica, why, you know, it's a fair amount of land around you.
edmund pankau
Well, you can always travel.
If you deposit $50,000 in the banks of many of these countries, they will give you citizenship and a passport in any name you want.
So if you want to not be Art Bell and become Joe Bag of Donut, no problem.
art bell
$50,000, and I've got a passport and a new idea and a new life if I want it.
unidentified
All right.
art bell
Incredible, Ed.
Wildcard line, without a lot of time left.
You're on the air with Ed Pancal.
unidentified
Hi.
Hi, Art.
Ed, there's a great way to practice disappearing without actually doing anything, and that's you call up Alcoholics Anonymous and go to their meetings, and you can have a whole new name, meet a whole new class of people.
And it seems to be that underclass of people that deal with cash-only.
And you can practice getting a new job and a brand new life and see if you can handle it.
Just call up in the white pages and head down to one of their meetings.
edmund pankau
That's a new one for me, but I like that.
unidentified
Yeah, it's kind of fun, too, but it's really anonymous, and they'll protect you with their life.
And it's a cash-only society.
It's kind of scary because there's some undercover cops, but they're there secretly.
You know, they don't even want their bosses to know that they come to our meetings.
It's kind of fun.
art bell
That's a new one on me, too, but I do understand the theory.
In other words, I think the one thing that people should really do before they take the first step is to really go visit that country, really decide if they're going to make a happy step or they're going to get down to Belize or wherever it is, and they're going to be suddenly very, very unhappy.
So a little bit of investigation before action would be in order, right?
edmund pankau
Definitely, definitely.
art bell
All right.
Well, it has been a great show.
A second, just absolutely outstanding show, Ed, and I really, really want to thank you.
I hope your book sales right back up to number one on Amazon.
Yeah, I bet.
A lot of people are going to order that book.
Hide your assets and disappear.
And it's Ed Pancow.
And Ed, we will do, I'm sure, another program yet.
It has been a real pleasure having you on the air.
Do you have any final words for the unhidden masses?
edmund pankau
Well, I guess the one thing is, is that before you jump into anything, whether you invest your money, your life, or your heart, remember that magic saying, when in doubt, check it out.
art bell
It's the business you're in.
edmund pankau
That's right.
art bell
How long have you been doing this all together, Ann?
edmund pankau
Actually, I became a private investigator in 1973, so it's more than 25 years now.
art bell
25 years.
That's like me and radio.
If you had to do it all over again, would you do anything different?
edmund pankau
I really wouldn't.
I've got the best job in the world.
I love it, and it's something I wouldn't change a thing.
art bell
Yeah, I know the feeling.
All right, my friend.
Thank you so very much, and until we meet again, and I'm certain we will, you're a very popular guy.
Thanks, Ed.
edmund pankau
My pleasure, Art.
art bell
Good night.
You have a good one.
All right.
That's Ed Pancow.
And he is one really bright guy.
I think you're going to enjoy his book.
Let me again, once more, give you his email address.
I know a lot of you want that.
It's E-J-Pancow, all strung together, lowercase E-JP as in Paul, A-N-K-A-U, at A-O-L.com.
Ask him a question.
He answers his email.
I try.
I'm Mark Bell at mindspring.com, and we'll be back tomorrow night with a very, very unusual, controversial show.
unidentified
It's not going to be for the kids, so get the kids to bed.
art bell
I might come on the air.
They ought to be in bed anyway.
From the high desert, I'm Mark Bell.
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