Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
How Much CHIA Coins Profit from 100 Plot 10tb Farm? Hard Drive Space Mining - 13th May 21
Stock Market Bulls Getting Caught in the Whirlwind - 13th May 21
Legoland Windsor Mini land and Sky Train Virtual Tour in VR 360 - UK London Holidays 2021 - 13th May 21
Peak Growth and Inflation - 13th May 21
Where’s The Fed? Watch Precious Metals For Signs Of Inflation Panic - 13th May 21
Coronavius Covid-19 in Italy in August 2019! - 13th May 21
India Covid Apocalypse Heralds Catastrophe for Pakistan and Bangladesh - 13th May 21
TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
Gold Price During Hyperinflation - 12th May 21
Stock Market Extending Phase Two? - 12th May 21
Crypto 101 for new traders – ETH or BTC? - 12th May 21
Stock Market Enters Early Summer Correction Trend Forecast Time Window - 11th May 21
GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
Cathy Wood Bubble Bursts as ARK Funds CRASH! Enter into a Severe Bear Market - 11th May 21
Apply This Technique to Stop Rushing into Trades - 10th May 21
Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
CHIA Getting Started SSD Crypto Mining by Plotting and Farming on Your Hard Drives Guide - 9th May 21
Yaheetech Mesh Best Cheap Computer /. Gaming Chairs on Amazon Review - 9th May 21
Breaking US Trade Embargo with Cuba - Build 7 Computers in 14 Hours Before Ship Sales Challenge - 9th May 21
Dripcoin Applies New Technology That Provides Faster Order Execution - 9th May 21
Capital Gains Tax Hike News: Was It REALLY to Blame for Sell-off? - 7th May 21
Stock Market Transportation Index Continues To Grind Higher - 7th May 21
SPX Stock Market Correction Arriving or Not? - 7th May 21
How to Invest in an Online Casino? - 7th May 21
Gold & Silver Begin New Advancing Cycle Phase - 6th May 21
Vaccine Economic Boom and Bust - 6th May 21
USDX, Gold Miners: The Lion and the Jackals - 6th May 21
What If You Turn Off Your PC During Windows Update? Stuck on Automatic Repair Nightmare! - 6th May 21
4 Insurance Policies You Should Consider Buying - 6th May 21
Fed Taper Smoke and Mirrors - 5th May 21
Global Economic Recovery 2021 and the Dark Legacies of Smoot-Hawley - 5th May 21
Utility Stocks Continue To Rally – Sending A Warning Signal Yet? - 5th May 21
ROIMAX Trading Platform Review - 5th May 21
Gas and Electricity Price Trends so far in 2021 for the United Kingdom - 5th May 21
Crypto Bubble Mania Free Money GPU Mining With NiceHash Continues... - 4th May 21
Stock Market SPX Short-term Correction - 4th May 21
Gold & Silver Wait Their Turn to Ride the Inflationary Wave - 4th May 21
Gold Can’t Wait to Fall – Even Without USDX’s Help - 4th May 21
Stock Market Investor Psychology: Here are 2 Rare Traits Now on Display - 4th May 21
Sheffield Peoples Referendum May 6th Local Elections 2021 - Vote for Committee Decision's or Dictatorship - 4th May 21
AlphaLive Brings Out Latest Trading App for Android - 4th May 21
India Covid-19 Apocalypse Heralds Catastrophe for Pakistan & Bangladesh, Covid in Italy August 2019! - 3rd May 21
Why Ryzen PBO Overclock is Better than ALL Core Under Volting - 5950x, 5900x, 5800x, 5600x Despite Benchmarks - 3rd May 21
MMT: Medieval Monetary Theory - 3rd May 21
Magical Flowering Budgies Bird of Paradise Indoor Grape Vine Flying Fun in VR 3D 180 UK - 3rd May 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Could Cuba’s Past Be America's Future?

Politics / US Politics May 16, 2013 - 05:47 PM GMT

By: Casey_Research

Politics

By Jeff Thomas, International Man

An article was published in Uruguay that has received little notice outside of Latin America. This article refers to Cuban dissident Yoani Sánchez, also little known in the First World. Ms. Sánchez has recently been allowed to travel outside of Cuba for the first time, as a result of the elimination of "exit visas." The requirement for exit visas was imposed in 1961 to stop Cubans who opposed the then-new Castro regime from being able to leave Cuba. (Editor's note: The regime in Washington imposes an "exit tax" for certain Americans who renounce their citizenship.


It's comforting to think that Ms. Sánchez and all Cubans are experiencing the early stages of a more open Cuba, just as the peoples of East Germany, Russia, China, and other countries have experienced in recent decades. This is another reminder that the concept of totalitarian socialism/communism is not a very workable one and cannot last indefinitely.

It can, however, last for half a century or more, and – even if it pleases those of us who believe in maximizing the liberty of every individual to see yet another oppressive government failing to maintain totalitarianism – we must also recognize that half a century or more of such oppression is enough to destroy individual lives entirely, based on the human lifespan.

Therefore, the real importance that the elimination of exit visas in Cuba might have for the reader of this article (who very likely has never needed to apply for one), is to question whether this requirement might be in his future.

A New Consideration

There does not seem to be a lot of discussion out there on this topic, yet I believe that it is a very significant subject that should be a part of regular discussion for anyone who presently holds only one passport – that of the country in which he resides. For people in this category, if one's home country is also experiencing a significant economic decline (as we see in many First World countries), one would be wise to consider whether the country might soon be experiencing a flight by a significant portion of its population. Such flights are common when countries experience a significant economic decline or a decline in freedom.

Many people in the First World, who, until recently, were hoping that "everything will sort itself out," are now becoming increasingly concerned that this will not occur – that instead, the situation is likely to worsen, possibly quite substantially.

For those who now find themselves in that situation, the old method of waiting to see what occurs, then deciding how to deal with the new normal, will no longer work. In today's world, it is becoming essential to project what the future will bring.

Case in point: If the reader lives in a country where laws are being written to limit his ability to expatriate a portion of his wealth, or, worse, to repatriate it if it has already been internationalized, he would do well to examine which of his freedoms will be the next to be lost.

There is little discussion at present over whether it may soon be necessary in some counties that are part of what was once called the "free" world to apply for an exit visa in order to travel outside that country. Yet historically, declining countries commonly impose such restrictions to ensure that their citizens do not seek greener pastures.

There is the tendency in all of us to say, "They couldn't possibly do that. If they did, then, for all practical purposes, we'd be living in the Soviet Union." And yet, in much of the First World, residents are already accepting as "the new normal" governmental edicts that only ten years ago would have been unthinkable.

Rather than look at the present and say, "Well, it's worse than it was, but I can still live with it," perhaps the greater wisdom would be to examine the direction in which one's government is headed and then project the logical conclusion to this direction. Then, assess whether that projected future is one in which one would be content to live.

If the answer is no, we may alter our investment philosophy and even buy a bit of precious metal for a rainy day, but such minor adjustments will not protect those who may find that they are trapped in a country where the oppression is expanding exponentially. In such a condition, the one and only alternative is to "get out of Dodge."

The Comfort of Sameness

The trouble is, it is human nature not to want to face such a decision. We may like to travel, but only as tourists. We become accustomed to the house we live in, we like the selection of food at our local supermarket, and we even take a certain comfort in the fact that we know our neighbors, even if they are not our favorite people. There is an unquestioned comfort in the relative stability of our immediate surroundings.

The prospect of moving to a location outside of an increasingly oppressive country is an enormous step to take. Will I be able to find employment? Will my wife be able to speak English to her hair stylist? Will my children be able to go to soccer practice?

The more the prospect of such a dramatic change is considered, the more unpalatable it becomes. It represents dramatic change, and truth be told, most of us prefer the comfort of sameness.

And, just as has happened over the millennia, the great majority of people will not think any further on the subject, as it causes so much discomfort. It is easier to say, "But I like it here."

Thus, we return once again to the central truth that we would prefer to avoid. If "here" is going to remain as it is, then by all means, it makes sense to retain the comforts that go along with it.

However, if we conclude that, in the future, "here" will no longer exist as it presently is, the fact that our familiar surroundings may remain the same will be of little comfort. Unfortunately, if we attempt at that late date to create an exit strategy, we will discover two things. The first will be that that there are large numbers of our fellow citizens attempting to do the very same thing, and we may find that new travel restrictions have been passed in our own country. The denial of passports may become common, and the requirement to apply for exit visas may be in place. Second, we will discover that, just as has occurred throughout history, the doors that once welcomed new arrivals are now closing, as too many have applied for residency.

In my belief, the world is on the cusp of its greatest period of change – certainly the greatest period of change in our lifetimes, and possibly the greatest period of change in history. In a mere ten years, the country in which the reader lives may be unrecognizable by today's standards. If ever there was a time to assess the future and consider whether, at the very least, to create an escape hatch in another locale, that time is now.

Start learning about internationalizing your investments and yourself now. Learn about how to get a second passport... setting up an offshore LLC... the unparalleled benefit to owning foreign real estate... how a foreign trust can protect your wealth through generations... investing in international stock markets... and much more. A special report from Casey Research, titled Going Global 2013, covers every aspect of freeing your wealth and yourself. Get started on your international adventure today.

© 2013 Copyright Casey Research - 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.

Casey Research Archive

© 2005-2019 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