American Consequences - July 2017

VANISHWITH $1 MILLION If you had to flee today, here’s how to take your assets with you. how to

T hey sewed little pieces of gold into their socks so they could pay for food... The year was 1938. The Kristallnacht pogrom raged through the Jewish ghettoes of Germany. Dozens of Jews were killed. Thousands more were sent to Nazi concentration camps. Five days after the massacre, Jewish leaders in Britain appealed to their government to rescue children orphaned by the massacre.

Leo Metzstein was a survivor of the scheme. He said some of the kids came up with an ingenious plan... “Lots of the children had little bits of gold sewn into their socks and hidden inside their shoes so they could eat when they got to England.” A few gold bits were sufficient for the Jewish children to buy food. But what if you had to flee a repressive government (or for any other reason) and wanted to take your entire life savings with you? How would you do it? Would you be able to sew it all into your clothes? WHAT’S THE BESTWAY TO FLEE WITH $1 MILLION? Let’s say you had $1 million in assets and needed to get out of Dodge right away. Would you have time to convert your life savings into gold or cash before you fled? For the sake of argument, let’s say you

The British government responded. It eased immigration restrictions to admit Jewish children from Germany, Austria, and other countries under Nazi occupation. They were smuggled out via train and boat. It was called Kindertransport (children transport). All told, nearly 10,000 children escaped Nazi occupation under the plan. They couldn’t take much with them when they fled. Yet they still needed money to pay for essentials once they arrived to safety in Britain.

50 | July 2017

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