I have control
Do you know who can set up a trust for $200? You may have missed off a zero there.
411A
This kind of thing has been talked about for years. Many people have been saying it will be stopped soon, etc but nobody has been able to come up with anything concrete - it's always a dark rumour which has been passed down many "generations" and probably comes off the internet anyway. In its frequency and persistency it ranks alongside stuff like GPS degradation whenever the Americans are doing some military operation...
The world is full of N-reg planes. Many are large commercial (cargo) operations. Are the FAA really going to shut them all down? If so, what would be the benefit to the FAA (or to anybody else) and what would be the alternative?
Closing the non-resident N-reg option would create a huge commercial opportunity for an alternative aircraft registry. In reality, any country (3rd world or otherwise) is free to set up an aircraft registry. Then, if they choose to respect FAA licenses (I say "FAA" because the FAA IR is the only IR presently practical for PPL-type pilots) - Liberia, B.V. Islands are examples - and do it cheaply enough, then the N-reg will become irrelevant. Unless the national authorities (e.g. the UK's CAA) then choose to ban aircraft on that country's registry being resident... but they would no grounds for that if that registry chose to imitate the FAA (FAR) operating requirements.
If there was a usable European PPL/IR the situation would be different, but this is only a selfish perspective of mine
And anyway nobody (outside the USA with their tradition of personal freedom) gives a damn about GA; it's only the airlines that matter. There are much bigger commercial interests which will make a wholesale N-reg ban very controversial.
Banning non-USA-resident N-reg is nothing to do with stopping 9/11 type terrorist acts. They could do it but I ask again: what would be the benefit to the FAA ?