The Nestmann Group keeps you up to date on important trends, developments and risks that may affect you. Here’s what’s new…
The Financial Action Task Force on Money Laundering (FATF) is perhaps the most important organization you’ve never heard of. The G-7, which is essentially a club for the world's wealthiest nations, set up the FATF in 1989.
Italy is an amazing country with a long history, outstanding food, great wines, and unsurpassed culture. But it’s facing an economic and political crisis that will lead to a global financial collapse.
It’s here, or at least nearly here. “It,” in this case, is another recession. We can debate the causes – an escalating trade war between the US and China, too much dodgy debt, the end of the longest bull market in history, or perhaps all three.
The tax-and-spenders of the world are desperate to find new ways to pay for the crumbling welfare states of western democracies. And they’re targeting the “rich” to do it.
I sleep better at night knowing that ever-vigilant defense contractors and the politicians they’ve bought and paid for are making certain that America won’t be overrun by Communists, Islamic terrorists, or anyone else.
In the last few years, banks have been falling over themselves to get rid of “undesirable” customers. Basically, if your bank isn’t making enough profit servicing your account, it will close it.
Let’s face it, many forces are pushing for the abolition of – or at least serious restrictions on – cash.
The pornography (porn) industry is worth almost $100 billion. Laws that banned porn were struck down more than 50 years ago, so in all 50 states, you can download adult content all you want.
At the end of the trading day on August 22, 2018, the US stock market reached a historic milestone as the longest bull market in history, with a duration of nearly 10 years.
On February 20, the Supreme Court unanimously ruled that the Eighth Amendment prohibition against “excessive fines and fees” applies to the states in civil forfeiture cases and other civil, non-criminal proceedings.
Fake news is a big problem. And as I’ve written, technology is about to make a lot worse.
On February 14, 2018, a young man walked into Marjory Stoneman Douglas High School in Florida and opened fire on students and faculty with a semi-automatic rifle. By the time he finished, 17 students were dead.
Call me crass, but I wasn’t shocked to learn last week that Wells Fargo & Company (WFC) had agreed to pay a $575 million fine to settle claims by all 50 states related to bogus account openings....
As the world celebrates Christmas, stock markets are cratering around the world, with the US leading the way. Since October, when the Dow Jones Industrial Average (DJIA) peaked at 26,951.81...
A few months ago, the Verge leaked a training video from Google. The video, obviously not intended for public distribution, described the data produced by a girl on her cell phone – all snatched up by Google without her awareness.
Seven months ago, FBI agents raided the office and temporary residence of Michael Cohen, President Trump's personal lawyer.
One of the key points of asset protection planning is to have multiple lines of defense in place.
We’ve all experienced the realization that the security proceedings we’re humiliated by at the airport are useless.
Identity theft is likely as old as humanity itself, but the first historical mention of it is recorded in the biblical book of Genesis, chapter 27.
It was the summer of 1965, and I was recuperating from a broken arm in the home where I grew up in West Virginia. I couldn’t swim or play baseball with my friends since I had a cast on my arm, and I was bored silly.
Last December, the Federal Communications Commission overturned Obama-era rules protecting so-called net neutrality. And it did so despite receiving millions of comments protesting the new policy.
John Oliver is hardly a libertarian, but his Last Week Tonight show on HBO regularly highlights how US citizens are royally screwed by Uncle Sam and his minions.
I have a confession. I’m not an investment advisor. That’s a deliberate choice. Many years ago – October 19, 1987, to be exact – I watched global stock markets fall more than 20% in one day.
Some people collect stamps, coins, or antique furniture. I collect stories of frivolous lawsuits.
The concept of retirement is relatively new. In your great-grandparents time, only those who had accumulated great wealth could afford to stop working as they aged.
Deferring tax on income or gain is almost as effective as avoiding it altogether. That's because the longer you can defer payment, the lower your effective tax rate.
Thanks to the recent royal wedding, the British monarchy – the crown – is in the news again. I didn’t watch the wedding, as I consider it a sideshow to a centuries-old system of governance that is widely misunderstood.
“I’m from the IRS and I’m here to help you.” Yes, that statement is one of life’s big lies. But several years ago, it looked as if the IRS intended to help people with offshore tax problems.
In one of his most memorable statements, former President Ronald Reagan said in his 1981 inaugural address, “Government is not the solution to our problem...”
Do you have profits in bitcoin or other cryptocurrencies you need to report to the IRS? Are you – and your tax advisors – confused about how to do it?