ZURICH, SWITZERLAND - Ed. note: William Olenick has been active in Republicans Abroad in Switzerland, where he is a longtime resident. He sent the following email letter to friends 28 January; we reprint it in full as part of our coverage of the ongoing problems for US citizens in Switzerland.“Dear all,
Read the article below my comments and you will see why I also have my problems with the banks and I am tax compliant.
For the last 25 years I have been busting open nitch markets for American products, contributing to lowering the trade deficit, developing new markets for US producers, creating employment for my brethren back home, increasing the tax base where they live.
The only way to do this is to be on the ground in the countries you are selling.
In my case, my markets were Europe, North Africa and the Middle East so it made sense to set up a base of operations in Switzerland, as it was close to the markets, was a well run country, my wife happened to be Swiss, from a large, close-knit family, so it was a no brainer.
Two months ago my bank informed me that I could no longer make wire transfers to the states.
That being the case how will I pay my suppliers?