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. Â Imagine for a minute you want to by a condo in Belize and you bank with Chase. You canÂt. Or you own a business importing handmade furniture from Ecuador, coffee from Costa Rica, or wine from Chile. You canÂt 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. Â If you are thinking aboutÂ living overseas,Â or perhaps more specifically moving to Ecuador, David's story will be a great listen. Â Â 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. Â 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 showÂ 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.comÂ and click the Listen Live button.Â Â This weekÂs 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 NetworkÂs archives section.