As we’ve mentioned before, internationalization can be thought of as a buffet where you take what you want and leave what you don’t. Some people want to simply diversify their assets across jurisdictions, while others want to internationalize their income streams. Still others go the whole hog and internationalize themselves personally as well.
IM Correspondent Jeff Thomas takes us through some common sense strategies you can use to avoid what he calls, “The Great Unraveling”, a coming period of volatility that will end with the collapse of much of the First World economies…
Last week, we introduced you to Ed Marsh, an US-based business diversification expert. I was impressed with his knowledge of the topic and have asked him to share some more of his insights with our readership. As we’ve talked about before, income is one of the three elements of The IM Triangle, a model we developed that, when put into action, can bring you all the benefits internationalization has to offer.
Jeff Thomas addresses an important topic and a constant source of argument within economic circles – whether we’re heading into an overall deflation or inflation scenario. And if inflation, whether it will take on a “hyper” aspect to it as occurred in the German Weimar Republic of the ’20s, and more recently Yugoslavia in the ’90s or Zimbabwe of the past few years. So, could the US face a hyperinflation scenario? Let’s take a look.
It should come as no surprise to our longer-term readers that International Man exists for two main reasons: 1) Living life as an International Man – treating the world as one big playground that offers virtually unlimited opportunities to achieve whatever you want. 2) Financial, personal and income diversification to limit jurisdictional risk. It’s into this second category that today’s feature article falls.
I think it’s safe to say that the great majority of people in many First World nations are now more aware than ever that there is something truly wrong with their country, and with their economy, than they have ever experienced before. They seem to agree that the near-term future will not be better but worse than it is now.
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