Yes Steve, these are unprecedented times we are in. There is an interesting comparison of the US debt, achieved by taking off some of the zeroes, and also a report on some comments from Alan Greenspan -“the US can pay any debt it has because we can always print money to do that. So, there is zero probability of default”.

http://5minforecast.agorafinancial.com/downgrade-too-little-too-late/

I’m trying to clear the tax issues up as well. The only shareholder in our US LLC is our SMSF. Anyone have any idea what the tax treaty situation is regarding this – I visited an accountant while there, and she said she would have to look into it, as she was unsure whether we would pay tax in the States at all, but she was going to charge US$750 to do that. Anyone else in the same situation and what are you doing?