The criminal finance system that is in place around the world has just lost another participant and, if enough bricks are removed, the wall may come down completely and we will all be able to see the true nature of the beast within. Ann Barnhardt of Barnhardt Capital Management, wrote the following points as part of an open letter to friends, clients and industry colleagues when she closed operations at her firm on November 17, primarily due to realizations made as a result of the MF Global collapse.
As an important part of the Internationalization – income diversification in this manner is something almost anyone can do.
Those who are regular readers of International Man are familiar with the ever-increasing intrusions by the State into all aspects of life, including digital life. What some people may not be aware of, however, is that many governmental intrusions into the digital realm are not new but are innovative applications of pre-existing laws. Corporations such as Apple, Google, etc. are constantly creating new devices and software that improve our lives and ability to communicate. One drawback of such innovations is that governments are applying archaic communications laws designed for a previous technological era to spy on the activities of citizens today.
It seems obvious that the world economy is heading for a crash. But what will become of America after the crash? Will the same pioneering spirit that founded the nation return to reconstruct it? Will America bounce back? IM correspondent Jeff Thomas thinks not.
Chris Hess has experienced a life not too many of us can imagine… as a commissioned officer in the U.S. Air Force. Traveling around the world working for Uncle Sam. But he has also been someone who has taken the message of internationalization to heart.
Part of IM’s Internationalization Triangle is to diversify one’s source of income. And one of the best ways of doing that is by creating a business that can be run anywhere in the world with just a laptop and an internet connection.
It’s time the average person on the street faces facts: bailouts, subsidies and handouts cannot continue indefinitely. Yet, for some reason, they expect it to not only continue, but for governments to increase the amounts given out. Pretty much all of our members already realize this, and have taken or are taking steps to prepare for economic problems ahead. Of course, it won’t just be a problem of economics. Today, Jeff Thomas looks at another aspect of the upcoming crisis: social upheaval.
Raising children in a stable environment is tough at the best of times. Raising them in an unfamiliar foreign culture can be particularly challenging. That said, most children tend to acclimate much more quickly than us adults to new situations. However, not everything will run smoothly. Being born into one culture and raised in a second often results in children who incorporate bits of both into their identity, creating a “Third Culture Kid”.
I have always found American history interesting, perhaps more colourful than British History. The heroes were always more heroic; the causes more clear. This was particularly true with regard to the period during which the American colonists broke free from Britain. To this day, I consider them thoroughly justified, as they had become a highly productive people who were regarded simply as a cash cow for the Crown.
One of the more popular expat spots on the planet is Thailand, even with the dramatic cultural differences between the Thai people and Farang (the Thai term for Westerners). However, one fellow very knowledgeable about the differences is Bill Drake, a former member of the Peace Corps who spent much of his professional life traveling and training Western personnel for big corporations on how to manage living and doing business in foreign lands.
It’s an odd question and for most of our readers, it’s irrelevant. In fact, the opposite is probably true – we have too much to eat and, at least for those in the developed nations, that’s causing an epidemic of cardiovascular diseases, diabetes and cancer. But what if it were different? Most people don’t like to think about it, but what would happen if there was a wholesale interruption in the food distribution system in major cities like New York, Los Angeles or London? What would happen when people realize they can’t feed their families – if even for a few weeks? Riots? Revolution? Sadly, the relative fragility of the system could eventually lead to such a situation. Jeff Thomas explains.
We hear from those in the know that the economic crisis that began in 2008 is nowhere near finished. In fact, we’re barely even started. The current financial system is collapsing and the crisis is not going to end until the decades-old distortions created by government manipulation of the money supply are wound down.
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.
We received an e-mail from an IM reader a few days ago regarding our recently published article by Doug Casey entitled, Money – How to Get and Keep It. The letter states: Doug says, “You could airdrop me naked and penniless into the heart of the Congo, and by the time I emerged, I’d not just have survived, I’d come out wealthy.”
No one could doubt that we are living in difficult times, or that the economic, political and social conditions we are experiencing are unprecedented in our lifetimes. Where, then, do we turn for guidance? Well, as luck would have it, history is rich with fine people who have gone before us.
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