Many foreign companies will not even send a prospectus to an American, for fear of being accused of soliciting by the Securities Exchange Commission. Most refuse the attempt. On the other hand, one of the reasons foreign companies often perform better than similar American companies, is that the foreign companies need not contend with expensive SEC compliance, much less, U.S. taxes. Peace of Mind. It is no secret that the banking system in the United States leaves something to be desired.
Bank failures are common.
For the average person, the knowledge that their accounts are insured, is peace of mind enough, until they learn that federal deposit insurance funds may serve to bail out only two or three of the largest banks should they fail. Some might argue that the treasury would simply print more money if federal deposit insurance funds prove to be insufficient. For a growing number of persons, peace of mind comes from having at least a part of their savings in a bank that operates on sound banking principles. Government oppression means different things to different people. There is no shortage of stories of the Jews who escaped Hitler's Germany and were able to begin new lives for themselves and their families because they had the foresight to put at least a portion of their assets outside the grasp of their government.