Countries That Can Weather the Age of Turmoil

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by Simon Black: Why
Protecting the Homeland Is Destroying the Economy



I want to start
out this end-of-week missive by reiterating one immutable fact:
no place is perfect… and in these tumultuous times which I
call the “Age of Turmoil,” no country is going to be completely
immune to the looming problems which face the world, namely rising
prices and resource shortages.

We discuss
many countries in this daily column which stand head-and-shoulders
above their peers – Brazil, Chile, Singapore, Malaysia, New
Zealand, Hong Kong, Abu Dhabi, Panama, and several others. It would
be unfair and inaccurate, however, to say that they are not without
a few challenges.

For example,
this week in Chile there were some small-scale riots in the extreme
south of the country as people protested a 17% hike in gas prices.
Chile imports most of its fuel and is thus more exposed to changes
in oil prices than, say, food or industrial metals.

That being
said, Chile remains among several other countries whose economic
fundamentals, resource reserves, arable land and water supplies,
and balanced societies will provide significant cushion to weather
any trouble ahead with only minor bumps and bruises.

the dominant western hierarchy of the past is on course to experience
extreme shock and awe as their public finances fail and supranational
policies unravel. On the balance, I’ll happily take a mild
head cold over the Bubonic plague any day.

On that note,
Sharon asks, “Simon, can you comment somewhere about whether
citizenship is required for gun ownership in Chile and other South
American countries that do permit handgun and other gun ownership?”

There are many
gun friendly nations in South America. Chile is one of them, and
so is Panama and Uruguay. Residency is required to apply for a permit,
but this is fairly easy to obtain. (I discuss a unique option in
Chile in our upcoming
Sovereign Man: Confidential
, which is due out this weekend).

You can also
import your own firearms, and this is probably a good idea considering
that weapons tend to cost more in Latin America than they do in
North America.

Next, Captain
writes, “Simon – having already acquired two passports
and foreign property, I am slowly preparing to become an expat once
I retire from the US military. Since I will be drawing retirement
pay, is there any way to stay under the radar while I live abroad?”

First off,
if you want to keep drawing your US military retirement pay, you
should not consider renouncing US citizenship. Your retirement pay
will be cut off if you do so since it’s contingent upon you
being able to be recalled to active duty.

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