It’s predictable…
A government in need of cash will turn to destructive “solutions.”
Currency debasement, higher taxes, and more regulations often come first. But, unfortunately, these are just the hors d’oeuvres before a 10-course meal.
As they become increasingly desperate, governments implement increasingly destructive policies.
This might include capital controls, price controls, people controls, surprise bank closures, currency devaluations, wealth confiscations, retirement account nationalizations, harassing domestic political opponents, and much more.
The same pattern has played out again and again around the world and throughout history. It’s as predictable as the changing seasons.
The worse a government’s fiscal health gets, the more destructive its policies become.
This is the root of political risk—the risk to your personal and financial well-being from your government.
It’s no secret that political risk is snowballing in many parts of the world. This is especially true in the US, Canada, and Europe, where atrocious spending on welfare and warfare has bankrupted most governments.
It doesn’t matter which party is in power. They are all headed in the same direction, albeit at different speeds.
Here’s the bottom line.
Somehow, someway, your home government will keep squeezing your pocketbook harder. It will keep subjecting you to escalating, arbitrary, and burdensome regulations, restrictions, and taxation.
It’s only prudent to expect more government and less freedom.
Each week, the window to protect your personal and financial well-being closes a bit more.
Fortunately, thanks to international diversification, your destiny doesn’t need to be hostage to this growing menace.
Freedom Insurance
Most people have medical, life, fire, and car insurance.
Of course, you hope you never have to use these policies, but you have them anyway. They give you peace of mind and protect you if and when the worst does happen.
Think of international diversification as the ultimate insurance policy against an out-of-control government. I call it “Freedom Insurance.”
International diversification frees you from absolute dependence on any one country. Achieve that freedom, and it becomes challenging for any group of bureaucrats to coerce and control you.
The results can be liberating.
Think of it like how a diversified investment portfolio helps to reduce the portfolio’s overall risk.
In other words, if you put all your asset eggs in one basket, you could lose your entire portfolio if that basket breaks.
The same concept applies to political risk.
If your home country “breaks”—as it did in Russia in the 1920s or Germany in the 1930s—and turns to the destructive policies I mentioned, you could lose everything.
That’s why obtaining some Freedom Insurance now is so essential.
International diversification is a time-tested route to true freedom. Wealthy people worldwide have used it for centuries to protect their money and families effectively.
It’s a strategy that involves obtaining multiple passports, putting your savings into assets that your home government can’t confiscate or inflate its value away, moving your business and income streams to friendly jurisdictions, and moving your digital presence—email, website, cloud storage—to countries with the best privacy guarantees, among other things.
It may seem daunting at first, but it really isn’t.
In any case, these are all necessary steps to ensure your personal and financial freedom to the maximum extent in the coming chaos.
The Easiest First Step
It’s crucial to place some of your savings beyond the easy reach of your home government.
It prevents that government from trapping your money if and when it implements capital controls or outright asset seizures. Any government can do either without warning and under whatever pretext they find convenient.
That’s where physical gold comes in.
Gold has been mankind’s most enduring form of money—for over 2,500 years—because of unique characteristics that make it suitable to store and exchange value.
Gold is durable, divisible, consistent, convenient, scarce, and most importantly, the “hardest” of all physical commodities.
In other words, gold is the one physical commodity that is the “hardest to produce” (relative to existing stockpiles) and, therefore, the most resistant to debasement.
Gold is indestructible, and its stockpiles have built up over thousands of years. That’s a big reason why the new annual gold supply growth—typically 1-2% per year—is insignificant.
In other words, nobody can arbitrarily inflate the supply. That makes gold an excellent store of value and gives the yellow metal its superior monetary properties.
People in every country of the world value gold. Its worth doesn’t depend on any government or any counterparty at all. Gold has always been an inherently international and politically neutral asset. This is why different civilizations around the world have used gold as money for millennia.
Buying physical gold is perhaps the easiest step to diversifying your savings.
When you buy physical gold, you trade in paper money—which the government can devalue and confiscate at will—for a universally accepted hard money that no group of politicians control.
In other words, simply buying physical gold is the easiest way to lessen the political risk to your savings.
The same is true of Bitcoin, which shares many of the same attributes of gold that make it attractive as money. That’s why it is often referred to as “digital gold.” Like gold, Bitcoin held properly does not have counterparty risk, and nobody can arbitrarily inflate the supply.
Here’s the bottom line.
I suggest not delaying because the situation is increasingly urgent.
Even though most don’t fully realize it, political risk is the most significant risk facing you today. And it’s growing every day as governments slide deeper into financial, intellectual, moral, and spiritual bankruptcy.
In short, the US—and most of the rest of the world—are on the cusp of chaotic historical changes.
The sad truth is that countless millions throughout history were wiped out financially—or worse— in times of profound change because they failed to see the Big Picture and take appropriate action.
Don’t be one of them.
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I agree Nick on everything but one point:
“If your home country “breaks”—as it did in Russia in the 1920s or Germany in the 1930s—”
Nazi Germany, for all its overzealous faults, had the strongest economy in the world during the Depression in the 30s. But yes, hyperinflation broke them prior to Hitlers fascism, a decade prior. No doubt as we have seen with Nazi Germany and China since the 80s, Corp Fascism does create fabulous economies but it comes at a huge human cost.
A human cost to Bolshevik Jews, at any rate.
Dumbest shit I ever heard. If Freedom dies in America, the world enters a new” Dark Ages ”
Ask Swiss bank account holders that no longer have any privacy.
And if everything crashes; let’s say an EMP, how do you access this needed Bitcoin? Ya know, if all hell breaks loose it’s every man/woman for themselves. And, should people have the luxury of time and energy, we’re gonna hunt these motherfuckers and slaughter them and their families and cook their precious poodle over a fire.
Don’t forget plenty of copper, brass and lead.
That gold will be hard to move out of the country I imagine. it’s not something I have to worry about. When the Fed CBDC shows up life without it will be almost impossible. It’s about controlling people.
I haven’t lived through any of those things, but you’re gonna have to go Neanderthal on some people. You don’t kill a sabretooth tiger today, you don’t eat. Same with other caveman tribes, the strongest survive. At first, firearms and ammo are the most important tools, then if you can no longer find or keep those, the most basic of weapons is how you continue. Remember, the majority of homicides today aren’t committed with AR-15s or any rifle, but rather with knives and blunt objects
“politically neutral”
So. THAT is what made Switzerland ‘Neutral’ lo these 400+ years!
CERTAINLY explains all the new storage facilities, as featured ‘Here’ and a few other sites.
Why not Platinum, or host of other exotics? ‘Worth’ Waaaay more!
Not as many recipes? They are not as pleasing to the palate?
Ahhhh…NO ‘risk’ of being outlawed/confiscated by the ‘Govt.’! NOT like that has EVER happened before.
BEFORE it is all said and DONE? trading FOOD for WATER or WATER for FOOD.
“Ask Swiss bank account holders that no longer have any privacy.”
🤣 ONLY applies to “The Little People”. And WHY would one not keep it where they have ready access to same?
THAT is the definition of ‘illogical’.
bitcoin? Speechless.
MUST be 5’7″. Too.
Think of all the reasoned and inspiring quotes from great men throughout history regarding vigilant protection of and vigorous fighting to defend freedom.
Then compare to the proposition that Freedom = running away.
May the crocodile eat you last, and may history forget you were our countryman.
You can’t even wipe your ass with bit coin. It is virtual money not real.