Mike's Gringo for Oct. 31, 2013

Posted by Gran Pacifica on Oct 25, 2013 4:14:25 PM

On Halloween, Thursday October 31, Mike continues with the important topic stared last week, and that is how do we deal with a US banking system that is beginning to limit transfers of money out of the US. Whether the beginnings of currency controls, or just an overreaction by Chase Bank to the FATCA rules, Chase Bank is now ceasing to process outgoing international wires for its customers.  Imagine for a minute you want to by a condo in Belize and you bank with Chase. You can’t. Or you own a business importing handmade furniture from Ecuador, coffee from Costa Rica, or wine from Chile. You can’t if you are a Chase bank customer. International Attorney Joel Nagel gives us his impressions of the situation quoting from the Chase Bank letter and the FATCA provisions.

In the second half of the show, I have the great fortune to have David Swanson on the show with me.  If you are thinking about living overseas, or perhaps more specifically moving to Ecuador, David's story will be a great listen.   I met David and his wife Kim in Bluffton SC last spring, and since then, they have moved themselves and 2 children, age 10 and 8 to Quito Ecuador for a couple years.  David talks about the transition to Quito, getting set up with a home, car, utilities as well as getting his son into a country club to continue his passion of playing golf. Tune in Thursday at 2:00pm Eastern in for a great show on the Overseas Radio Network.

Tune in and enjoy the show, Mike and his guests for important discussions about their experience living and investing overseas. We hope you will be able to catch the show this and every Thursday at 2:00 PM Eastern Time. Join Mike on the Overseas Radio Network by just visiting the web at www.overseasradio.com and click the Listen Live button.  This week’s show is pre-recorded but you can email Mike in case you have questions for him or his guests and he will surely answer or transfer questions to them for you to receive a response.

Also, if you are not able to join Mike live, you can hear all of his broadcasts by visiting the Overseas Radio Network’s archives section.

Gran Pacifica

Written by Gran Pacifica

Gran Pacifica is a master planned community of over 2500 acres and 3.5 miles of Pacific coast line an hour west of Managua in Nicaragua. The company focuses on providing their international and domestic clientele with communities that feature first-rate amenities and infrastructure including underground utilities, paved streets and sidewalks. Gran Pacifica's primary demographic is North American Retirees and vacation homes in Nicaragua owners who enjoy living in a robust beach and golf community.

Topics: Living In Nicaragua