Submitted by Simon Black of Sovereign Man blog,
When you’ve got a guy like Senator John McCain who says “The battlefield is the United States of America,” it tells you that almost nothing is safe in the Land of the Free.
Whatever remains of civil liberties is going to feel the full brunt of the state’s boot heel.
They’re already regulating some of the most fundamental aspects of life, from how we are allowed to educate our children to what we can / cannot put in our bodies to the very nature of money.
People are forced to hold their savings in insolvent banks backed by insolvent insurance funds backed by insolvent governments. And those insolvent governments have demonstrated that they are perfectly willing to directly confiscate accounts.
Retirement funds have proven to be an easy, tempting target. A number of countries including Argentina, Ireland, and Hungary have appropriated private pensions. Even the US government temporarily dipped into federal employee pensions.
Western governments are making every possible effort to take over the Internet. Despite every previous attempt (SOPA, PIPA, etc.) failing due to public outcry, they keep trying and trying (ACTA, CISPA, etc.).
They’re raising taxes, creating new ones (including Maryland’s new ‘rain tax’), imposing capital controls, racking up debt, and rapidly devaluing their currencies.
It all reeks of desperation… and it’s all so obvious. At least, for anyone paying attention.
Unfortunately it’s easy to lose sight of the truth. After all, how can there be any economic problems when the stock market is at an ‘all-time high’ and Nobel Prize winning pseudo-scientists tell us that debt levels don’t matter?
Truth is, these enormous challenges shouldn’t be ignored. The entire global financial system is sitting on a bed of dynamite. Central bankers are dousing the pile with gasoline while politicians are standing around smoking.
The potential for epic disaster cannot be understated.
This is not to say that the world is coming to an end. Far from it. History is quite generous with past example of once-great civilizations that collapsed under the weight of their own hubristic debt.
Things didn’t end. They changed. Simple. And that’s what’s happening now in a textbook fashion.
Governments in trouble almost ALWAYS resort to the same destructive tactics. When things are clearly on the decline, rather than INCREASING freedom and opportunity, they try to control EVERYTHING.
We’re already seeing the early stages of this with competitive devaluation, basic capital controls, and bank withdrawal limits.
These will soon give way to wider capital controls, increased border controls, wage and price controls, asset confiscation, and more.
It only delays the inevitable. The more they control, the more rapid the deterioration becomes. Again, this isn’t some sensationalist prediction; it is the very common historical trend.
The other thing that history shows us, however, is that there are always a handful of people who see the writing on the wall and take action. And that action has almost universally involved looking abroad and diversifying internationally.
This is a time-tested strategy that was once available only to the wealthy landed class. But with modern air transport, digital communication, and global competition, solutions are now available to just about anyone.
I’ll be honest with you– moving one’s assets, business, and even family overseas isn’t easy. These are complicated topics with numerous tax, financial, and professional implications. So go carefully and rationally.
But when structured properly, history shows that a well-informed offshore strategy can have a generational impact should chaos ensue.
And, should nothing ever go wrong in the world, you won’t be worse off for it.