Best of the Week
Most Popular
1.Gold And Silver Voodoo Analysis Price Forecasts - Austin_Galt
2.UK Saved From I.S. Threat But Scottish Independence Nightmare is Not Over! - Nadeem_Walayat
3.Silver Price At or Very Close to an Important Low - Clive_Maund
4.Gold And Silver - PetroDollar On Its Deathbed? PMs About To Rally? No - Michael_Noonan
5.Gold and Silver Bear Phase III Dead Ahead - Rambus_Chartology
6.Stock Market Major Selloff Looms - Zeal_LLC
7.Inflate or Die! When Leverage Fails and Market Hope Turns to Fear - Ty_Andros
8.Gold Price Very Close to an Important Low - Clive_Maund
9.Market Forecasts for Stocks, Gold, Silver, Commodities, Financials and Currencies - EWI
10.U.S. Aggression - Will Russia and China Hold Their Fire? - Paul_Craig_Roberts
Last 5 days
Stock Market Wil-e-Coyote Moment May Have Arrived - 1st Oct 14
Europe Teetering the Ddge of a "Japan-style" Deflation - 30th Sept 14
Economists Economic Atonement - 30th Sept 14
Everything You Need to Know About the Stock Market S&P Index Until Christmas - 30th Sept 14
Singapore Becoming Global Gold Hub - Launches Kilo Bar Contract And Gold ATMs - 30th Sept 14
Germany Fights on Two Fronts to Preserve the Eurozone - 30th Sept 14
Turn the Tables on the Gold and Silver Market Manipulators - 30th Sept 14
U.S. 2014 Election Business as Usual - 30th Sept 14
Gold - Time to Buy the Dip? - 30th Sept 14
Urging Investors to Stay Liquid for the Coming Gold Stocks Boom - 30th Sept 14
The Japanese Deflation Myth and the Yen’s Slump - 29th Sept 14
Epic Investor Optimism that Can Be Reversed Only by a Huge Stocks Bear Market - 29th Sept 14
Russia’s Gokhran Buying Gold Bullion In 2014 and Will Buy Palladium In 2015 - 29th Sept 14
The End of Monetary Policy - 29th Sept 14
Here's What Rising Interest Rates Really Do to Your Shares - 29th Sept 14
Is a Credible Stock Market Top Forming? - 29th Sept 14
Silver Price At or Very Close to an Important Low - 29th Sept 14
Gold Price Very Close to an Important Low - 29th Sept 14
Nihilism And The Unknown Future - 29th Sept 14
Stock Market S&P, NAS Change In Trend? None Apparent, But A Caveat - 29th Sept 14
UK Saved From I.S. Threat But Scottish Independence Nightmare is Not Over! - 29th Sept 14
U.S. Aggression - Will Russia and China Hold Their Fire? - 28th Sept 14
Currency Wars and the Death of the Euro - Audio - 28th Sept 14
Obscure Maritime Law Practically “Guarantees” Profits for These Energy Companies - 28th Sept 14
Stock Market Primary IV Underway? - 27th Sept 14
Darwin And The Climate Apocalypse - 27th Sept 14
The Global Middle Class and Copper Consumption, A Stop Spike Event - 27th Sept 14
Can Money Save The Climate? - 27th Sept 14
Gold And Silver - PetroDollar On Its Deathbed? PMs About To Rally? No - 27th Sept 14
Debt and Inflation Consquences of American Fear - 27th Sept 14
U.S. and Global Confidence are in Divergence - So Are Stock Markets - 27th Sept 14
Are U.S. Cars About to Crash? - 27th Sept 14
Why the U.S. Created and Armed ISIS From Libya to Syria - 27th Sept 14
Stock Market vs the Developing Bear Market for Liberal Democracy? - 26th Sept 14
Stock Market Major Selloff Looms - 26th Sept 14
How My Charts Uncovered Two Big Stocks That Are Soaring Like Small Caps - 26th Sept 14
What Cycles Reveal About Stock Market Crash - 26th Sept 14
Gold Not A Safe Haven On Terrorism, Middle East Bombing, Russia ... Yet - 26th Sept 14
Valuing Gold and Turkey Farming - 26th Sept 14
Gold $1200 Underpinned by Physical Demand - 26th Sept 14
Inflate or Die! When Leverage Fails and Market Hope Turns to Fear - 26th Sept 14
Market Forecasts for Stocks, Gold, Silver, Commodities, Financials and Currencies - 26th Sept 14
Gold and Silver Bear Phase III Dead Ahead - 26th Sept 14
The Home Depot Breach Boils Our Blood – and It Should - 26th Sept 14
Why the Pundits are Wrong About Crude Oil Prices - 26th Sept 14
Where’s the Economic Growth? - 26th Sept 14
Stock Market Future Bull - 25th Sept 14
The Specter of Global Debt Default is Once Again Rearing its Head - 25th Sept 14
All Major Market Analysis and Forecasts Investor Open House has Started! - 25th Sept 14
Federal Reserve Policies Cause Booms and Busts - 25th Sept 14
Currency Wars Deepen - Russia, Kazakhstan Buy Very Large 30 Tons Of Gold In August - 25th Sept 14
Strong U.S. Dollar Pressures Gold - 25th Sept 14

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

The Most Exciting Event in the History of Technical Analysis

Your Country is Dying... And It Wants To Take You With It

Politics / US Politics Oct 18, 2011 - 08:01 AM GMT

By: Jeff_Berwick

Politics

Best Financial Markets Analysis ArticleWe are nearing the end of the grand experiment in nation-states, democracy and socialism.  In case you hadn't noticed, it failed miserably.  Hundreds of millions were killed in wars engendered by nation states and made possible by fiat currencies and countless more were impoverished by the central banks instituted by the state.  Riots and protests around the globe from Rome, to Egypt to nearly every major city in the US now attest to that.


Countries, however, are like living organisms and they will do almost anything to stay alive.  They have always treated their tax-slaves (citizens) as milk cows and they will treat them as beef cows if worse comes to worse.

It is for this reason that it is more important than ever to both understand what is really going on - hint: whatever the government or what the newsreaders on your nightly news say is not what is really going on.  It is also more important than ever to begin to protect yourself from your own government.

HAVING A SECOND PASSPORT GIVES YOU OPTIONS

Last year I got a call from an online brokerage I use in Luxembourg called Internaxx.  After having had an account with them for a few years they called to let me know they'd be closing my account immediately.

I asked the obvious question: Why??

The lady replied that Internaxx had recently been bought out by a Canadian brokerage, TD Waterhouse, and since I was registered with Internaxx as a Canadian citizen (I was born in Canada and have a Canadian passport) that Canadian laws state that no Canadian stock brokerage can accept a Canadian client when it is operating outside of the country!

So, even though I thought I was safely away from the criminal Canadian Government's rules and regulations in Luxembourg, all it took was for a Canadian company to buy that brokerage and all of a sudden I was persona non grata.

Luckily, and smartly, for me, I have another passport and so I said to the lady, "I am also a citizen of XXX country, could you unregister me as being Canadian and put me down as being from that country?"

She said yes.  So, I didn't have to go through the hassle of moving my account elsewhere.  But, it just goes to show the benefit of having alternative citizenship - preferably in a country that does not have the resources nor the ability to police you around the world.

Sure, this time they were only looking to close my account.  But, with all western governments drowning in debt, the next time it could be to impose an asset tax or even to seize my assets.

GOLDMONEY CLOSES DUTCH ACCOUNTS

Recently, a similar thing happened to Dutch citizens who held money or gold with Goldmoney.com in England or Switzerland.

Goldmoney.com sent a notice to all of its Dutch clients stating that their accounts would be immediately closed because the Netherlands financial regulator had deemed Goldmoney.com was "offering investment objects in the Netherlands without a licence."

A licence, for those that don't know, is a form of extortion done by criminal organizations such as governments or mafia to get you to pay for something you don't need nor want.

Nonetheless, Goldmoney.com felt obligated to close all the accounts for Dutch citizens instead of facing the wrath of the Dutch Government.

Again, it was only to close accounts this time.  But as things continue to collapse you will want to have options with other passports in order to evade the attempts by your own government of seizing your assets.

A SECOND PASSPORT IS MANDATORY FOR SAFETY

We consider holding at least one other passport as important as any other facet of your financial portfolio for the coming years.  Leaving yourself at the whim and control of one government, especially if it is one of the heavily indebted western governments (which is almost all of them), is tantamount to playing russian roulette with your assets.

It is for this reason we recommend that people look to get at least one other foreign passport - and preferably from a government that is not intricately tied to the western financial system nor heavily indebted.

For this reason we have identified two countries which not only offer a passport without you having to live there but also offer it for very cheap by international standards.  It takes about three years to get each but you will have residency nearly immediately after your first application which could help you organize your assets in the meantime.

The two countries we prefer and have covered heavily in The Dollar Vigilante for subscribers are the Dominican Republic and Paraguay.  We have set-up a custom service to help get you a passport in either of those regions as quickly and easily as possible.  You can find more info on the Dominican Republic passport service here and the Paraguay service here.

NO INCOME TAX AND OTHER BENEFITS OF FOREIGN RESIDENCY & CITIZENSHIP

Of course, having foreign residency and citizenship can have many other benefits as well.

For those who earn income over the internet or from outside of your home country attaining foreign residency could reduce your income tax dramatically, even to zero if you set it up properly.  Paraguay, as example, has no income tax.  And the Dominican Republic only charges income tax on income made in the Dominican Republic.  Check with a tax advisor before making any decisions but residency in locales such as these can possibly save you a lot in taxes - all legally.

As well, should you wish to leave your country and reside somewhere for an extended period, having your residency or citizenship in a foreign country makes it all the easier.  The Dominican Republic and Paraguay are both civilized, modern, beautiful places to live.

IT'S ALL HAPPENED BEFORE

Preparing now for what is obviously coming only makes sense.

It's not like any of this is new.  The US Government forced Americans to turn in their gold to the government in 1933.  In Ireland they have begun charging an annual "asset tax" on all pensions.  And, in Hungary, some pensions were already seized and forced to invest in government bonds.  This is the likely tact of the US Government in the near future as they begin to run out of creditors other than the Federal Reserve.  They will likely look first to nationalize 401k's and IRA's and force them into buying government "patriot bonds"... for the greater good, of course.

BETTER SAFE THAN SORRY

We think the phrase, "better safe than sorry", is widely overused (see "Being Better Safe Than Sorry") but in this particular instance we think it is wiser to take precautions than to leave everything up to chance.

If the western financial system implodes in an organized and structured manner then it may turn out that having a foreign passport wasn't a necessity.  However, if it implodes in a chaotic way - which is the way these systems always collapse - when the time comes that some countries institute capital controls and begin to seize their citizens assets you will be very thankful that you took a small amount of time and money to set yourself up with a second citizenship whereby you have a much better chance of protecting your assets from your own government.

This evening we are releasing the August issue of TDV where we talk much more in depth about the coming collapse and strategies and info for how best to survive the coming storm.  Subscribe today to become a part of our community of dollar crash survivors.

The Dollar Vigilante is a free-market financial newsletter focused on covering all aspects of the ongoing financial collapse. The newsletter has news, information and analysis on investments for safety and for profit during the collapse including investments in gold, silver, energy and agriculture commodities and publicly traded stocks. As well, the newsletter covers other aspects including expatriation, both financially and physically and news and info on health, safety and other ways to survive the coming collapse of the US Dollar safely and comfortably. The Dollar Vigilante offers a free newsletter at DollarVigilante.com.

© 2011 Copyright Jeff Berwick - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Free Report - Financial Markets 2014