Recently by Simon Black: Your Bank Is Not Safe
As we’re quickly approaching the end of December, I thought it would be appropriate to republish a few letters from earlier this year. 2011 was a year of turmoil, even Time magazine selected ‘The protester’ as the Person of the Year.
This selection, from early 2010, drives actionable steps based on the aggressive responses from law enforcement and government around the world. These next several posts are the core of our expanding community and I know that many readers probably missed some important letters from earlier days. It’s also great to see that the exact real estate development I mentioned almost two years ago is finally coming to fruition.]
———Original Dispatch on January 8, 2010 from Estepona, Spain———
If I have been too subtle in the past, let me be absolutely clear this afternoon: the time to do something, the time to take action to safeguard your future and your families livelihood, is NOW.
I’m more impassioned than usual this morning… and with reason. Reluctantly, I tuned in to Team Obama’s press briefing last night about the ongoing saga of the Nigerian underwear bomber. Obama’s is clearly trying to cultivate a fear of al-qaeda while simultaneously building blind trust in his government.
After the President’s remarks, his Homeland Security Secretary and Deputy National Security Advisor took the stage to unveil a series of proposals to ‘improve security.’
I’ll spare you the details as you have probably already heard them, but the bottom line is simply more government a bureaucrat’s ultimate and only solution. This means more TSA, more air marshals, more undercover agents, more gun-toting soldiers, more pat-downs, more scanners, more searches, more scrutiny, more suspicion, etc.
How do you spell police state?
I’m ordinarily laid back about this sort of thing. I can afford to be since I’m a safe distance from all of that stupidity… but in this case I looked down to find that my knuckles were turning white, clenched around my glass of 2005 priorato.
I set my wine down and remarked to my friends who were watching with me, "What is it going to take for people to wake up and get the hell out of town? Do they need legions of storm troopers marching down the street before they realize it’s time to go??"
I was positively exacerbated. The US is turning into a police state, and I’m not even saying this specifically to Americans living there. Many countries around the world are following close order behind Uncle Sam.
Once again, the time to act is now. So what should you do?
First, make sure you have access to funds outside of your home country. This is one of the most important flags that you can plant. You should open a foreign bank account (like I discussed in the Panama Black Paper), and/or consider storing precious metals in a private storage facility overseas.
Later this quarter, I plan on releasing a new Black Paper that contains actionable information to open an account at safe foreign banks that still take US customers. You haven’t heard of most of them, and would probably never hear about them because it’s actually illegal for foreign bank to advertise in the United States in most cases.
Stay tuned for that.
Second, you should really be thinking hard about foreign property. Why? Because it can be a great investment; it’s an easy, non-reportable way to move money overseas; and it can be your escape hatch when you’re finally ready to hit the eject button.
Remember, I’m not talking about a 50 million euro villa in Monaco; you can pick up cheap land in Latin America for less than $50 per acre, and I’m pretty sure that everyone reading this letter has at least 50 bucks to spare.
Also, as I’ve discussed in the past, you can buy foreign property using your tax-deferred retirement savings, and I plan on revisiting this topic in short order because it is an absolute no-brainer.
Additionally, if there’s interest, I may also explore the idea of building a small, cost-effective, subscribers-only development. It would likely be on the outskirts of Panama City and include self-sustaining fresh water and agricultural resources.
Third, if you have the means, you should really consider obtaining second (or third, fourth, etc.) citizenship. Second citizenship can be the ultimate emergency exit if things get really bad, and it effectively serves as the most comprehensive insurance policy you could even have.
I have a lot of contacts in this field, and my colleagues and I are currently experimenting with a few options that I plan on bringing to you soon. I won’t bring you a passport program unless one of us has gone through the process ourselves, so give me some time while we play guinea pig.
Fourth, give serious consideration to your finances; unless you are already independently wealthy or have sustainable income streams, think about what you would do to earn money if you lost your job today.
Think about what skills you have what problems can you solve that other people are willing to pay you for? What opportunities to you see around you that can be quickly and profitably exploited?
I guarantee you that there is opportunity everywhere around you. For example, a friend of mine is an intelligent, 22-year old girl who lives in Minsk, Belarus the last bastion of the Iron Curtain. While Belarus is not the totalitarian state it once was under the Soviet Empire, it’s pretty close.
And yet, despite living under a tyrannical yolk, my friend has become quite a successful entrepreneur, launching a successful brick-and-mortar company and several web sites just within the last few months.
I raise this simply to point out that if an inexperienced but intelligent and energetic young girl can find opportunity in a place like Belarus, then I would wager that there is a plethora of opportunity out there in places like Panama, Abu Dhabi, Chile, China, Angola, Thailand, Bulgaria, and even the US/Europe.
In fact, I know this to be true because I see so much of this opportunity when I travel.
So those are the top four things I would recommend you do in making your own personal preparations. I clearly have a lot of work to do between the real estate, the citizenship programs, and the banking Black Paper… but after seeing the writing on the wall so plainly last night, I will be refocusing my efforts to get these done quickly.