Replies

You want the locus of the investment to be in the head office of the bank. That way whatever regulatory measures taken by the US government do not effect your investment. So bearer bonds or preferred shares in the bank are the way to go.

That way you have a US door to retrieve your money,and a short trip to Canada to retrieve it if things go bust here.( you declare your earnings on the way back if your negotiable instrument is 10,000 dollars or more)Thats a lot better than an account in a US bank which is insured by FDIC, which is now almost broke compared to potential liability on the FDIC. They will run out of money
to pay claims.

Other folks are doing the same with the Philippines National Bank, which is stable.( Branches on the West Coast)

You continue to file US taxes on interest earned.

And you sleep at night. There is nothing illegal about it.

Resources, Good Luck:

You have to have a Canadian Social Insurance number to open a resident canadian Bank Account.

However there are ways to securely invest your money through a Canadian branch Bank here in the USA,and it will remain a lot safer than in ANY US Bank. THey are rock solid, having already paid off all of their derivative bad paper.

Scotia Bank , Royal Bank of Canada, all have on line presence, but its better to attend a branch in person, open an account and get your money into a safe position.

http://scotiabank.com/cda/content/0,1608,CID5964_LIDen,00.html

Scotia Bank
Liberty Plz @Liberty St
New York, NY 10001
212-962-4123

***************************************
Royal Bank of Canada

http://www.rbcwminternational.com/locations.html?new-york

Tower 49
12 East 49th Street, 35th Floor
New York, New York 10017
USA

*******************************

Advice: Ask for Stephane

Make sure you tell him you are a US resident.

1-866-697-7174 EST Toll Free