Citizenship' Is Now One of the Fastest-Growing Search Terms in Google
by Simon Black: Singapore
Bank to Uncle Sam: ‘Stick It Where the Sun Don’t Shine…’
Googles trend analysis, keyword searches for terms like renounce
citizenship have soared in the past week.
Is it any wonder?
Millions of people are disconcerted, dismayed, or outright disgusted
at President Obamas victory, and they sense a continued decline
of civil liberties and economic opportunities.
and apprehension is understandable. I cant begin to tell you
how many emails weve received over the last few days, mostly
from US citizens who reached their breaking points, asking where
can I get a second passport?
A second passport
feels like a way out a solid insurance policy. And thats
true to a degree. But lets talk about what a second passport
versus what it isnt.
a second passport is like an insurance policy. Rather than protecting
you from risks of fires, floods, and fender benders, though, a second
passport helps protect against sovereign risks.
history as once powerful empires have slid into terminal economic
decline, political leaders have routinely resorted to plundering
their citizens. Capital controls, exchange controls, price controls,
and even direct confiscation of savings.
to Greece, these same tools are being applied throughout the world
today. A second passport gives you the means to defend yourself
against these measures.
a second passport ensures that you ALWAYS have a place to go in
case you need to leave your home country. Plus, it opens up new
financial opportunities, making it much easier to establish foreign
bank accounts to move your savings away from your home governments
a great insurance policy. But a second passport should not be viewed
out of context as a panacea. There are drawbacks.
With a second
passport, you may be subjecting yourself to new taxes or reporting
obligations to another country. Or potentially even military service.
Not to mention, it can cost a LOT of money.
the rest of the article
© 2012 Sovereign Man
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