• Frontier Dispatches: Nigeria’s Investment Migration Market
    IMI’s Africa-correspondent Andre Bothma recently interviewed a number of prominent players in Nigeria’s rapidly growing investment migration industry. The picture that emerged from these interviews is one of serious challenges, but also of significant potential rewards for those who can overcome them. Andre BothmaCape Town  Doing business in Africa – and Nigeria, in particular – is not for the faint of heart: Telecoms and airline companies have difficulties repatriating profits. Fintech companies face ongoing challenges stemming… Read more
  • Commissioner Jourova Hints an Albanian CIP Could Jeopardize EU-Accession
    Christian NesheimEditor  Vera Jourova, the European Commissioner for Justice and a long-time opponent of citizenship by investment for moral reasons as much as practical ones, today conveyed a subtle (plausibly deniable) warning to the Albanian Prime Minister regarding his plans to launch the second Balkan CIP. Speaking to Exit News, Jourova indicated the Commission would take citizenship by investment programs into account when evaluating a country’s prospects for EU-accession. “[…]conditions regarding citizenship investor schemes are… Read more
  • Comedian fined $35k for offensive joke
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity. Canadian Comedian fined $35,000 for joke A Canadian comedian must pay $35,000 to a disabled man he made fun of in some of his acts. A Quebec appeals court upheld the decision by the Quebec Human Rights Tribunal. It said Mike Ward exceeded the… Read more
  • Greek Golden Visa to Surpass 2,000 Main Applicants in 2019, 40% Ahead of Closest EU Competitor
    Christian NesheimEditor  Greece’s residence by investment program is raising €23 million a week. Already Europe’s most popular program by far, its application volumes keep growing. Application volumes are accelerating in Greece, show figures released today. !function(){"use strict";window.addEventListener("message",function(a){if(void 0!["datawrapper-height"])for(var e in["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(["datawrapper-height"][e]+"px")}})}(); While the number of main applicants grew by 621 in Q3, program authorities had approved no fewer than 742 applications between the end of September and December 1st (in two months, that is,… Read more
  • Chart of the WeekGlobal Carbon Emissions Are on the Rise Again
    By Christian Bogmans, Akito Matsumoto, and Andrea Pescatori After good progress in the beginning of the decade, global carbon emissions have started to pick up again. This recent trend sets the world on a dangerous path: to slow the pace of climate change, carbon emissions need to be reduced. Our chart of the week from the IMF’s latest World Economic Outlook shows that emissions have increased by 1 percent in 2017 and another 2 percent… Read more
  • Cyprus Citizenship by Investment Program “Sold Out” Until 2021
    Christian NesheimEditor  If you thought backlogs were only a North American residence program phenomenon, think again; Retrogression has arrived in Europe. Last year, Cyprus introduced an annual cap for the number of applications that could be approved – 700 of them – for its citizenship by investment program, a move many observers saw as an attempt to mollify the concerns of European political bodies who had expressed apprehension about the program. For 2019, that self-imposed… Read more
  • Total Revenue From Residence by Investment in Portugal to Pass €5 Billion Milestone Within Weeks
    Christian NesheimEditor  Portugal is about to reach a milestone only passed by three other residence programs in history, but November saw investment slump to a 17-month low, and overall revenue this year will be the lowest since 2015. Portugal’s Serviço de Estrangeiros e Fronteiras (SEF) approved 64 new principal applications for residence by investment (ARI, or “golden visas”) in the country in November, according to figures released today. !function(){"use strict";window.addEventListener("message",function(a){if(void 0!["datawrapper-height"])for(var e in["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(["datawrapper-height"][e]+"px")}})}();… Read more
  • Gold has outperformed the stock market over the last year
    For more than a year, I’ve been strongly encouraging readers to consider buying gold. In fact, almost exactly one year ago to the day, I wrote that gold was cheap relative to just about every other asset class in the world. Since then, gold has been one of the best performing investments in the world. Over the last 12 months, the price of gold is up 21.1%, handily outperforming everything from the S&P 500 index… Read more
  • Inform Your Client: Don’t Wait to Apply for Citizenship Until It’s Too Late
    David LesperanceLesperance & Associates  Different trigger events can derail your client’s future citizenship by investment plans. It’s your job to shake them out of their false sense of security. Throughout history, those who immigrated often did so because they began to feel unsettled about their eroding future in their current location. Sometimes the issues were obvious such as the outbreak of war, drought or famine. Other times, the signals of erosion were more subtle; societal… Read more
  • Backlogs: An Existential Threat, Not Just to Programs But to Agents as Well
    Stephane TajickMontreal  During the summer, the government of Quebec hosted a consultation round with the industry. I and many others came forward, in part, to notify the government that its decision to admit fewer investors would lead to a longer processing time; jumping from six to eight years. The new government had the primitive idea of dumping its entire backlog for the economic immigration stream to start anew. Obviously, that would be impossible with immigrant investors… Read more
  • Southeast Asia is #1 Office Expansion Destination Among RCBI Firms
    Christian NesheimEditor  In this fourth report (see the first,  second, and third reports) on results from our 2019 Investment Migration Executive Survey, we focus on the office expansion plans and source market distributions reported by the top executives of 40 international investment migration firms. To see how we define “international IM firms” and to learn about the survey methodology, read our introduction in the first article on the topic. Due to the geographic diversity of the 40 international IM… Read more
  • How Robert De Niro ended up with three passports
    Most people might be surprised to learn that Robert De Niro has more passports than he has Academy Awards. Come to think of it… most people probably have more passports (one), than they have Academy Awards (zero). But De Niro has two Oscars: the first for playing Vito Corleone in The Godfather Part II, and the second for his starring role in Raging Bull. Yet he has three passports (that we know about). De Niro… Read more
  • The Adaptive Age
    By Kristalina Georgieva عربي, Español, Français, 日本語, Português, Русский No institution or individual can stand on the sidelines in the fight against climate change When I think of the incredible challenges we must confront in the face of a changing climate, my mind focuses on young people. Eventually, they will be the ones either to enjoy the fruits or bear the burdens resulting from actions taken today. I think of my 9-year-old granddaughter. By the… Read more
  • Investment Migration People in The News This Week: Dec 2, 2019
    Christian NesheimEditor  Investment migration people featured in the mainstream media this week include: Armand Arton, Arton CapitalMarios Rafail, Henley & PartnersMark Davies, Davies & AssociatesDimitry Kochenov, University of GroningenChristian Kälin, Henley & Partners,Ivan Mak, AIMS ImmigrationVincent Fong, MM2H Club Money Control: Forget H-1B and EB-5, Indians now eyeing E-2 visa as new ticket to US With the waiting period for the EB-5 visa to the United States of America stretching to nearly seven years, Indians… Read more
  • How Different Countries Deal With the Renouncing of Citizenship
    Ed KennedyMelbourne  The degree to which global citizens have the freedom to travel is at its greatest since before the first world war. Looking to 2020 and beyond, this mobility will only increase, partly thanks to the continued proliferation of visa-waiver agreements, but also because options for the acquisition of multiple citizenships are at a zenith. The holding of multiple nationalities is very quickly becoming unremarkable. But that’s a very recent development, and it’s having… Read more
  • Luxembourg Investor Residence by Investment
    Luxembourg is one of the richest countries in the world in the heart of Europe. Luxembourg offers a golden visa scheme known as ‘investor residence’ to foreign investors, who can invest atleast half a million in the country. EU member country: since 1 January 1958 Currency: euro. Euro area member since 1 January 1999 Schengen: Schengen area member since 26 March 1995 Why Luxembourg? Peaceful, stable country in Europe Founding member of EU, OECD, UN and Benelux Luxembourg has… Read more
  • British government to decide how children can decorate their bedrooms
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity. Crackdown on homeschooling coming across Great Britain A few weeks ago we talked about how the Labour Party in Great Britain wants to eliminate private schools. Now, in addition to that, regional governments across Great Britain are launching an assault against homeschooling. Despite the… Read more
  • A New Climate Economy
    By Gita Bhatt “Everybody talks about the weather, but nobody does anything about it.” The quip, attributed to 19th-century American humorist Mark Twain, might describe the current state of play on climate change. In Twain’s day, it was absurd to suppose humans could do anything about the weather. Today, we understand that we can and we must. The changing climate, largely wrought by humans, is bringing rising sea levels, temperature extremes, and more frequent and… Read more
  • Why Elizabeth Warren wants you to be poor
    Late last week, Amazon founder Jeff Bezos gave away nearly $100 million to more than a dozen charities across the United States. It would take the average person more than 1,000 centuries to accumulate that much money. Yet Bezos gave it away in a single day. And it’s not like that was the first time he’d ever given to charity. Bezos has already donated billions of dollars to other philanthropic endeavors. You’d think that such… Read more
  • How Elon Musk obtained TWO additional passports (and you can too)
    Elon Musk is one of the most famous entrepreneurs in the world. But if he hadn’t been able to make his way to Silicon Valley as a young man, it’s possible that you would have never heard of him. Musk was born and raised in South Africa. And while South Africa is a really wonderful place (one of my favorites out of the 120+ countries that I’ve visited), it’s not exactly a world-dominating tech hub.… Read more
  • Central Bank Accountability, Independence, and Transparency
    By Tobias Adrian and Ashraf Khan عربي, 中文, Español, Français, 日本語, Português, Русский In August 1694, the Bank of England opened for business with a staff of 19. The original Royal Charter, granted by King William and Queen Mary, tasked the Bank to “promote the public Good and Benefit of our People.” As a private company, its independence from the government was not then contemplated. Though it would eventually come—some 300 years later—when, in May 1997,… Read more
  • Newspaper will stop reporting any news “traumatic” to snowflakes
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity. College newspaper will no longer report “triggering” news Northwestern is one of the finest universities in the world and is particularly renowned for its journalism school. The Daily Northwestern student paper, staffed by these aspiring journalists, recently apologized for covering a “traumatic” event on… Read more
  • Who knew 2 cents could go so far?
    About a week and a half ago I had a terrible sinus infection… I’m talking -really- bad. My sneezes were so ferocious that I half-expected the US Geological Survey to register them on the Richter Scale. In the midst of all that misery, I became acutely interested in the health care plans of leading US Presidential contenders… and stayed up late at night when I couldn’t sleep combing through their solutions. Most of all I… Read more
  • For Venezuela’s Neighbors, Mass Migration Brings Economic Costs and Benefits
    By Emilio Fernandez Corugedo and Jaime Guajardo Español, Português The world’s newest migration crisis is unfolding in Latin America, where Venezuela’s economic collapse and unprecedented humanitarian crisis has sparked a wave of emigration to neighboring countries. While these countries are providing helpful support to migrants in many areas, large migration flows have strained public services and labor markets in these countries. According to the Response for Venezuelans, which is a joint International Organization for Migration… Read more
  • The five scary new rules of upside-down capitalism
    Roughly 23,000 years ago in modern-day Israel, a small tribe of ex-cave dwellers built a tiny village near the Sea of Galilee that may have been one of the earliest agrarian societies in human history. Archaeologists discovered the site more than thirty years ago. And they found tens of thousands of well-preserved seeds and agricultural tools, suggesting that the people who lived there planted a great deal of food in the fertile lands nearby. As… Read more
  • Have you claimed the most valuable asset your ancestors passed down to you?
    If you were a southern Italian peasant around the turn of the 20th century, your life was pretty rough. The feudal system had officially ended with the unification of Italy a few decades earlier. But most laborers probably didn’t notice the difference. The vast majority of southern Italians were farm workers. But the landlords who still controlled most of the land charged high rents, paid little, and employment was unsteady and unreliable. These workers lived… Read more
  • Chart of the Week Frontier Market Borrowing Binge
    By IMFBlog Español, Português Rock bottom global interest rates have been a boon for so-called frontier-market countries, which have been able to borrow cheaply to finance their development needs. But there can be too much of a good thing: countries that don’t put the money to good use may have trouble servicing their loans and find themselves at risk of default. As the Chart of the Week shows, hard-currency bond sales by frontier issuers—countries such… Read more
  • Tax planning, immigration, investments – exclusive event for businessmen & financially independent individuals in Zurich
    A second passport is a must-have for a modern business person. Over the past years, there has been an urge in the number of respectable businessmen and financially independent individuals obtaining second passports for themselves or the whole family. Over 36% of high-net-worth individuals worldwide (with a net worth in excess of US$30 million) already have a second passport. Second passport or residency permit in another country helps to solve a number of issues. During… Read more
  • Retired man’s home seized over $8.41 in unpaid property taxes
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity. County government seizes home over $8.41 in unpaid tax When an 83-year old retiree paid his property taxes late, he miscalculated the interest owed to the county government. All told, he was $8.41 short. Yes you read that correctly, i.e. less than nine dollars.… Read more
  • Just in case the Fed ignites the atmosphere…
    In early 1940s as World War II raged in Europe and the Pacific, the most powerful person in the world was NOT Adolf Hitler. Nor Franklin Roosevelt. Nor Winston Churchill. Nor Josef Stalin. Not even close. The most powerful person in the world was a Nobel Prize winning physicist named Arthur Compton. Compton had been tasked by the US government to lead a group of scientists in developing a plutonium-based nuclear weapon– the same one… Read more
  • They’re building a wall, but not the one you think
    Bernd Lünser was by all accounts a popular, promising student. He was studying civil engineering at the State Engineering School of Architecture in West Berlin in 1961. Unfortunately, he lived in East Berlin. And during the summer break of that year, the Berlin Wall was completed, shutting off access from Western administered West Berlin from Soviet controlled East Berlin. Suddenly the 22 year old Lünser found his prospects for a good education and prosperous life… Read more
  • All the Way to the Top: Industrial Policy, Innovation, and Sustained Growth
    By Reda Cherif and Fuad Hasanov The odds of poor or middle-income countries achieving the stardom of the “Asian Miracles” within a generation or two, or even three, are small. Between 1960 and 2014, only 16 developing economies worldwide were able to vault into high-income status, and many of those were fortunate enough to have discovered oil or join the European Union. The “miracles”—such as Hong Kong SAR, Korea, and Singapore—as well as Japan, Germany,… Read more
  • You have 49 days left to come to Puerto Rico
    Over the past two decades, one of my hobbies has been chronicling my family history. It started back in the early 2000s right around my first military deployment. I wasn’t sure if I was going to make it home, so I had a strong desire to know more about my ancestors. I was fascinated by what I found– not just names and dates, but the stories of their lives. And the more I discovered, the… Read more
  • Chart of the WeekEurope’s Wage-Price Puzzle
    By Richard Varghese Does higher wage growth fuel inflation? In Europe, that has historically been the case. But the link between wage growth and inflation has weakened in recent years amid low inflation expectations, robust corporate profitability, and strong competitive pressures. The price of labor—namely wages—is rising at a robust pace, especially in the European Union’s newer member states. Yet, surprisingly, inflation has barely risen. We set out to shed light on this puzzle in… Read more
  • UK Cancer charity: Biological females are now ‘people with a cervix’
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity. Apparently it’s not just women who can have babies… It all started when a British cancer charity decided to drop the word “women” from their pap smear ad campaign. It seems that suggesting “women” should get pap smears to test for cervical cancer is… Read more
  • This is the easiest way to obtain a European passport
    Warren Buffett has famously quipped that his preferred holding period for an investment is “forever.” Once he zeroes in on a great business and buys a huge stake in the company, he never wants to sell. Ever. This concept of long-term investing is simple to understand but hard to put into practice. We humans are emotional creatures. And more often than not, wild market swings and economic crises cause us to swoon, panic, and make… Read more
  • Chart of the WeekThe Threat of Inequality of Opportunity
    By Shekhar Aiyar and Christian Ebeke There are clashing views on the relationship between income inequality and growth. Some have pointed to at least some measure of inequality as a necessary outcome of the rewards to innovation and risk-taking. Others have argued that excessive income inequality depresses investment in both human and physical capital, two key sources of long-term growth. In recent research we argue that the crucial missing link in the inequality-growth relationship is… Read more
  • A Map of Inequality in Countries
    By William Gbohoui, Raphael Lam, and Victor Lledo Español, Português Social and economic inequality between and within regions in countries is rising in many advanced economies and is now at the forefront of the policy debate because of perceptions that some people and places have been left behind. Changes in global trade and technology have shifted jobs and industries on the map, but the economic gains within countries are not well shared. One might think… Read more
  • When they can take your children away… how free are you?
    George Reby was driving from New Jersey to Tennessee to pick up a car he had purchased on eBay when he was stopped for speeding. Like many Americans, George felt he had nothing to hide from the police. So when the officer asked him if he was carrying any large amounts of cash, he admitted he had $22,000 on him because he was buying a car. George was able to show the officer his eBay… Read more
  • Confused about your gender? You can commit crimes without punishment in Australia
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances and your prosperity. Appeals court overturns child pornography conviction because criminal is transgender Right up front– to be absolutely clear, we have absolutely no issues whatsoever about the personal decisions that people make in their lives. We couldn’t care less if someone chooses to identify as a… Read more
  • How you can save tens of thousands of dollars in taxes by moving abroad
    Milton Friedman, one of the most influential economists of the 20th century, once said that “nothing is more permanent than a temporary government program.” The same can be said about temporary taxes. Take 1861 for example, when the first-ever federal taxes were levied on American citizens to help pay for the Civil War. At first these taxes were levied only on residents living in America. But the people in power argued that Americans living outside… Read more
  • Tanzania: Come for the nature, stay for the stock market
    [Editor’s Note: Today’s Note from the Field comes from Sovereign Man Team Member Joe Jarvis who recently climbed Mount Kilimanjaro in Tanzania.] For some people it starts with loss of appetite. Others get a headache and nausea. Pole, pole is the motto, climbing Mount Kilimanjaro– slowly, slowly. At an altitude of 5,895 meters (19,340 feet), you can definitely feel the lack of oxygen on Africa’s highest mountain. And while the tourists huff and puff with… Read more
  • Three things you didn’t know about the crash of 1929
    October 28, 1929– 90 years ago today– is known as ‘Black Monday’ in financial circles. The US stock market had peaked the previous month, on September 3, 1929, with the Dow Jones stock index reaching a record high of 381. But throughout September and October, nervous investors began pulling their money out of the market. And over a three day period in late October (including Black Monday), the market lost more than 30% of its… Read more
  • Hey Air Force, the 1960s called: they want their floppy disks back
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances and your prosperity. Air Force Missile Command finally retires 1960s era Floppy Disks I suspect our younger readers might not know what a floppy disk is, let alone have ever seen one. Whereas today we have USB drives etc. to copy and store files, the standard used… Read more
  • WeWork: one moron ruining it for everyone else
    In 2010, New York-based entrepreneur Adam Neumann had an idea: to lease office space to companies all over the world on a short-term basis. Usually when a company leases office space, it has to sign a long-term contract; but Neumann wanted to lease space to businesses for terms as short as one month. It wasn’t an original idea. Companies like Regus have been doing that for decades. But Neumann had two key twists: 1) Make… Read more
  • Start thinking about silver before it becomes popular again
    In 663 BC, King Ashurbanipal of the Assyrian Empire invaded Egypt and sacked the city of Waset (located in modern day Luxor on the Nile River). Ashurbanipal vanquished the city, purportedly seizing more than 75 metric tons of silver for his personal collection. At the time in the ancient world, the prevailing ratio between gold and silver was 1:2. In other words, 75 metric tons (= 75,000 kilograms) of silver was worth 37,500 kilograms of… Read more
  • Now even Sex Robots have rights
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances and your prosperity. Singapore officially bans ‘fake’ news Singapore is great for a lot of things– banking, business, trade, etc. But it ranks rather poorly for civil liberties. Case in point: a new law intended to stop fake news came into effect in Singapore this month; the… Read more
  • The fastest way to obtain a second passport
    Need A Second Passport Fast?Learn how to get a Second Passport & Citizenshipin just 6 months to 2 years AUTHORSimon Black LAST UPDATEDNovember 21, 2019 5 out of 5 stars based on 19 votes. If you are in a rush and looking for a fast way to get a second passport and citizenship you’re in luck…It’s possible to obtain an excellent passport in less than six months in exchange for money, or in around two… Read more
  • Yesterday I learned about yet another incredible tax incentive
    Yesterday, I was looking at commercial properties for an Opportunity Zone investment… and one project in particular is really attractive. The building itself is inexpensive– only a couple of million dollars to buy it and a few more to renovate. Frankly, for a large spacious office building in one of the best neighborhoods in the city, that’s really cheap. And the projected yields are in the double-digits. Lately, there have been lots of developments in… Read more
  • Here’s why the gold price could really soar over the next two years
    At some point between the years 1483 and 1485, a Genoese businessman named Cristoffa Corombo had the opportunity to pitch his idea to King John II of Portugal. This period was the dawn of what historians call the ‘Age of Discovery,’ a time when European explorers sailed all over the world opening new trade routes. They were the tech entrepreneurs of their day, famous for their bold, absurdly expensive, and extremely high-risk ideas that often… Read more
  • It’s “violence” to mispronounce someone’s name
    Are you ready for this week’s absurdity? You might want to grab a drink for this one… or take a moment to listen to some soothing meditation music. Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, finances, and possibly your blood pressure. It’s “violence” to mispronounce someone’s name Let me ask you a question– how do you pronounce the name “Shea” ? My gut… Read more
  • Why you shouldn’t be able to drive to your bank
    What is your favorite coffee shop or restaurant? Which doctor’s office and dentist do you prefer to go to? I bet these are all within, say, 15 minutes of your home. That makes sense–who wants to drive three hours to get coffee, or take a plane to their dentist? But what about your bank? If you live in the USA or Europe, chances are, the banks in your neighborhood probably aren’t that great. Europe in… Read more
  • The next big investment trend is on sale right now
    In July 1994, an ex-hedge fund VP left his cushy Wall Street job and started a new company called Cadabra, Inc. He wanted to capitalize on an emerging trend that was called the “Information Superhighway” back then, what we now know today as the Internet. Cadabra was an early ‘dot-com’ company. But as more and more people started accessing the Internet in the mid-1990s, the number of dot-com companies exploded. Before long, there were countless… Read more
  • Gold’s long-term gains have even outperformed Warren Buffett…
    Warren Buffett, despite his extraordinary investment success, has a rather famous and long-standing love/hate relationship with precious metals. Maybe it started with his dad– Congressman Howard Buffett of Nebraska– who, as a staunch advocate for the gold standard, argued to his colleagues on Capitol Hill that “paper money systems have always wound up with collapse and economic chaos.” var options={fallbackLink:' This browser does not support inline PDFs. Please download the PDF to view it: Download… Read more
  • You can now be fined $250,000 in New York City for saying this phrase
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty and finances. New York City starts banning words You can now be fined $250,000 in New York City for using the term “Illegal alien” in a negative way according to new guidance from the City’s Commission on Human Rights. This applies to landlords, employers, and in public accommodations. So… Read more
  • Four rules for storing physical gold overseas
    In early May in the year 878 AD, Alfred the Great of the Kingdom of Wessex fought a decisive battle against a massive Viking army at a place called Ethandun in southwest England. Alfred won the battle, defeated the Vikings, recaptured London, and united England under his rule; he’s generally considered to be the first King of England. One of his first orders of business was to mint silver coins so that his newly unified… Read more
  • 1,015,736,491,184 reasons to have a Plan B
    Precisely one year ago today, the US federal government opened Fiscal Year 2019 with a total debt level of $21.6 trillion: Specifically, the US federal debt on October 1st last year was $21,606,948,183,180.23 Today is the start of the government’s 2020 Fiscal Year. And the total debt is now $22,622,684,674,364.43 That means they accumulated more than $1 TRILLION in new debt over the course of the 2019 Fiscal Year. Think about that for a moment:… Read more
  • The only fix is taking matters into your own hands
    On Friday evening, the government here in Puerto Rico made an announcement to local retirees that many of them would have their pensions cut. Poof. Just like that. The pension cut is part of a debt restructuring plan to help Puerto Rico emerge from bankruptcy, which they declared in May 2017. Bankruptcy is complicated, so I’ll explain a bit here. When individuals, corporations, and even local government take on so much debt that they can… Read more
  • Indian airline passenger caught smuggling gold in his man boobs
    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty and finances. And for our Jewish readers, l’shanah tovah tikatev v’taihatem. NBC news wants you to confess your climate sins Bless me media, for I have sinned. NBC news is soliciting comments from readers on how they could do more to prevent climate change. “Even those who care deeply… Read more
  • We Not So Crazy after all…
    I’ve never really been prone to schadenfreude— a feeling satisfaction from someone else’s misfortune. But I am a big believer in the Karmic justice. If you’re a dirty scumbag who constantly lies, cheats, and steals, sooner or later the universe is going to catch up with you. And I love seeing justice served. That’s why I couldn’t help but feel delighted when I saw that Adam Neumann, founder of the so-called ‘We Company’, stepped down… Read more
  • This law allows hospitals to kidnap you for profit
    An 89 year old man named Robert Allen was feeling depressed after Christmas. He went to the emergency room, and told the doctor that he had thoughts of hurting himself. Using his powers under the Baker Act, the doctor sent Robert to a mental health facility called North Tampa Behavioral. Florida’s Baker Act allows doctors, police, or judges to involuntarily commit patients to psychiatric hospitals for up to 72 hours if they show signs that… Read more
  • How Anti-Fragile are you?
    I arrived back home to Puerto Rico late last night after traveling back from our Total Access event in Las Vegas. It was probably around 11:15 pm when I climbed into bed. And, within minutes, just as the sound of the waves outside was carrying me off to sleep, the whole house started violently shaking. It turned out to be a magnitude 6.0 earthquake, about 20 miles off the west coast of the island. I… Read more
  • What I learned from having my mind manipulated this weekend
    There are few times in life when you have the opportunity to witness a master at work… someone who is truly the best in the world at what they do. Whether it’s the world’s greatest chef, a champion athlete, a master pianist, or even the guy who holds the world record for being able to recite the first 70,000 digits of Pi, it’s always exciting to see the best at work. Apollo Robbins is the… Read more
  • Swedish man fined $2,000 for someone else’s “hate speech”
    Happy Friday everyone. I’m en route to Las Vegas today where we begin a wonderful weekend gathering with our Total Access members. But I wanted to send you this quick roll-up of the most outrageous (and comical) stories we’re following which affect your liberty and finances. Let the absurdity begin! Swedish man fined $2,000 for someone else’s “hate speech” There’s a Swedish Facebook group known as “Stand up for Sweden”. The group is primary political,… Read more
  • Fastest citizenship by investment passports
    Which is the fastest citizenship by investment passport program? We have some answers for you. In 2019, Vanuatu and Saint Lucia has significantly improved their application processing times. As of today, Vanuatu has the fastest passport for investment. Vanuatu approves all applications and issues passports within 1 month time. Most caribbean countries take 2 months of processing time as this time consumed by due diligence checks report received from service providers. Citizenship units cannot approve… Read more
  • The Bolsheviks even want to tax your toaster oven…
    In a concept paper called “Treat Wealth Like Wages”, the ranking member of the US Senate Finance Committee laid out a plan late last week to radically overhaul the tax code in a way never before seen. Just as you’d expect from the title, his central idea is to tax wealth; if you own just about anything, this Senator wants you to start paying an annual tithe to the federal government. It’s sort of like… Read more
  • The most profitable business in the world
    More than 5,000 years ago on a hilltop located in modern-day Georgia (the country, not the state), a group of people from the prehistoric Kura-Araxes civilization gathered their primitive tools and began to dig. It took years. But they eventually burrowed 20 meters deep into the earth and constructed a network of elaborate tunnels. Thousands of years later, archaeologists and geologists figured out why: the Kura-Araxes were digging for gold. And that site, known as… Read more
  • Eating human flesh is the latest idea to stop climate change
    Get ready for your Friday absurdity! Here are this week’s stories: Professor advocates for cannibalism to fight climate change If you’re concerned about the human impact on Earth’s climate, you could plant a tree, install solar panels, ride a bike, or eat your dead relatives. Don’t let that sack of meat decompose. Put it to good use, save a cow, and sequester that carbon into your own body. At a summit in Sweden about the… Read more
  • The price of gold just hit a record high
    A few hours ago, the European Central Bank announced a bonanza stimulus package: interest rate cuts, money printing, quantitative easing, the whole nine yards. Europe’s economic growth has ground to a halt. The German economy actually shrank last quarter, according to official statistics. So the European Central Bank is throwing everything including the kitchen sink at this problem. Their stimulus package is like a monetary defibrillator trying to shock Europe’s economies back to growth. It’s… Read more
  • The Bolsheviks hate Opportunity Zones. But they’re working.
    Lately I’ve been looking at a number of office buildings in San Juan– I own two businesses that are based here in Puerto Rico, and it’s about time the team moved to a larger space. I was really impressed with what I saw– there are a number of compelling new commercial real estate projects in Puerto Rico right now… and almost all of them are due to the Opportunity Zone legislation. We’ve talked about this… Read more
  • Here’s every reason to avoid buying a gold ETF
    Buckle up, this one’s going to be entertaining… because I should have called this note “Why you should always read the fine print.” This morning I read through the prospectus and annual reports of the most popular Gold ETFs in the world. First, some background: ETF stands for ‘exchange-traded fund’. It’s sort of like a mutual fund that’s listed on the stock exchange, meaning investors can buy/sell shares of an ETF just like they would… Read more
  • It’s now “incendiary” to say there are two genders
    Happy Friday everyone. Let’s bring on the weekly absurdity! School cop handcuffs and screams at autistic 8-year-old An eight year old autistic boy in Southlake, Texas became agitated in his guidance counselor’s office. At one point the child became fidgety and took out a jump rope (that had been provided to him by the school). Amazingly enough, the counselor felt threatened by this and asked the school cop to come into the office. So the… Read more
  • Here’s a really unique way to own gold
    Last week we dove into a series about different ways to own gold. And I explained in that first article why it’s a great idea to own physical bullion– gold you can hold in your hand. With physical gold, there’s no middleman standing between you and your wealth. And when properly stored, it’s very difficult for some frivolous creditor or out-of-control government agency to steal it. When it comes to physical gold, I explained that… Read more
  • Yellow Citizenship for the CBI industry
    We have coined new term “Yellow” citizenship and launched as new brand for the Citizenship by Investment (CBI/CIP) industry. The word comes from gold which glitters with shiny yellow color. The Yellow citizenship is an instant citizenship acquired within 3 months under CBI programs. Prices start from $100,000 and such schemes currently running in 12 countries in Europe, Asia pacific and Caribbean.y The Yellow passports are also called shiny ‘Golden passports’ afforded by HNW families.… Read more
  • Why Now Is The Perfect Time To Invest In Antigua Real Estate
      Multiple Caribbean countries offer Citizenship by Investment Programs. The program offered by Antigua and Barbuda however is the best real estate investment opportunity for wealthy families. It is also perfect for those looking to acquire a new passport within a few months so they can travel more freely around the world. Here are some of the many reasons why you should not wait to apply for the Commonwealth’s most luxurious Citizenship by Real Estate Investment… Read more
  • Top Citizenship by Investment Rankings
    We have developed a PBS ranking model taking into account 30 very important factors to rank the Best CBI program out of 14 schemes that exist in Europe, Caribbean, Asia and Oceania.   Our first of the kind mathematical model in the CBI industry, gives answer on which is the best citizenship by investment program in the world.   CBI PBS Score Rank    Malta 134 1   Grenada 130 2   Cyprus 126 3  Bulgaria 125 4  Montenegro 118… Read more
  • New CBI Price comparison tool
    New tool to compare the prices of citizenship by investment (CBI) programs and find the cheapest citizenship program in terms of prices.   The automatic tool calculates the donation fee, real estate fee, due diligence fee, passport fee for single applicants, spouses and family members for 10 CBI countries.   Antigua Dominica Grenada Malta Cyprus St Kitts and Nevis Saint Lucia Vanuatu Moldova Montenegro   This tool is a beta launch version.   The using… Read more
  • Gold Passports have become Luxury status symbol of the Rich
    Gold passports have become a modern day ultimate luxury status symbol replacing fast cars, yachts and expensive jewellery among the rich and wealthy. The Rich and wealthy are spending six figures for passports and citizenship.   According to a recent Knight Frank 2019 survey, there are an estimated 71,300 UHNWI’s already hold a second passport. That is one third of them already hold one, while another one third are planning to obtain one. Ultra high-net-worth individuals (UHNWI) are… Read more
  • A Growing Economic Class in Canada’s Immigration
    With today’s global uncertainties, individuals are coming to Canada from everywhere around the world in order to preserve their children’s future, escape their country’s situation and to have peace of mind. As the second largest country in the world, Canada represents a true opportunity for individuals who are looking for an incomparable quality of life, away from present turmoil and uncertainties for themselves and their family. Canada offers access to a second residence in a… Read more
  • Montenegro citizenship by investment: Program overview
    Interest in second citizenship programs is growing with each passing year. Which is quite logical, since passport programs offer a variety of new opportunities for investors. Previously, it was possible to obtain a European citizenship through investing in a Cypriot, Maltese or Bulgarian economy. This year, the second citizenship market welcomes a new member, Montenegro. That is why many are already seeking to find out how profitable the Montenegrin CBI program is and what are… Read more
  • Portugal issued 400 golden visas for capital transfer
    Portugal has issued 400 golden visas under the capital transfer option, according to the latest SEF statistics.   The Capital transfer option was launched under ARI golden visa scheme in Dec 2017 expanding the scope of options outside the real estate investment.   The capital transfer scheme is the cheapest option starts with 250,000 euro investment for supporting the arts, for reconstruction or refurbishment of the national heritage institutions.     The following are five… Read more
  • Saint Lucia amends CBI Act
    Saint Lucia has amended Citizenship By Investment Act 2019 allowing the possibility of citizenship holders include dependants within 5 years post granting citizenship.   CIP Saint Lucia invites CBI applicants to invest in non-interest bearing government bonds USD 500,000.   The bond investment is the cheapest compared to donation option. Financing  possible for certain applicants, the client has to pay only pay government bond fee, plus due diligence fee.   Bond Fee   Applicant applying… Read more
  • Ireland tops Golden visa rankings with best citizenship in the World
    Ireland has taken second spot in Best citizenships rankings for 2019.  Ireland took second place in overall rankings of 190 countries and taken first spot among countries that offer golden visa schemes according to Best citizenships study.   The study took into account over 15 metrics such as healthcare, economy, GDP, freedom, human development, strong currency, naturalization time for citizenship, birthright citizenship, dual citizenship etc.. using a mathematical model.   Golden visa rankings These countries… Read more
  • Canada New Brunswick entrepreneur scheme
    The New Brunswick province of Canada, offers a new golden visa scheme known  New Brunswick entrepreneur program to international investors.   This scheme requires CAD 250,000 investment in hotels, healthcare, hotels creating new jobs for the province.   Currently New Brunswick has the cheapest immigrant investor program for Canada, as Quebec in 2019 QIIP reforms increased the qualifying investment from CAD 800,000 to CAD 1,200,000 and also subjected to 1900 limited quota.   The New Brunswick… Read more
  • Three steps to successfully invest in real estate
    Real estate has always attracted investors who wished to invest in tangible, solid assets, in a strong geopolitical and economic context. But if you reside in a country where the economy and the geopolitics show regular signs of instability, it might be preferable to consider investing in real estate abroad. This also applies if your neighboring countries are faced with some crisis that could quickly affect you. Indeed, investing in real estate abroad, in a… Read more
  • Citizenship & residency by investment: Guide on how to choose a program
    In this article we will share the insights based on 200+ cases from out practice and will explain how you can choose a residence permit and citizenship by investment program. In addition to the main criteria such as the cost of the program, duration of application process, the list of visa-free countries, etc., you should also take into account the program effectiveness. Regardless of the status you eventually choose, the main goal is to obtain… Read more
  • Egypt’s citizenship by investment: Cost and Conditions
    A new player has emerged on the investment immigration market. The Egyptian Parliament has amended the country’s legislative framework so that ultra high-income foreign citizens will be able to obtain the country’s citizenship. This way, the authorities intend to repay the International Monetary Fund-issued loan. Egypt is currently implementing a number of economic reforms, including the creation of favorable conditions for foreign investors. According to the requirements of Egypt’s passport program, a foreigner is issued… Read more
  • Moldova Citizenship by Investment Program: Re-launch peculiarities and passport cost
    In September 2017, the government of the Republic of Moldova announced the launch of their Moldova Citizenship By Investment program (MCBI). According to the changes in legislation, now wealthy investors are allowed to obtain a passport of Moldova by investment. It was expected that the citizenship status would be available for purchase either via donations to the national fund, via buying government bonds, or via buying real estate. Despite being theoretically ready, the program was… Read more
  • Buy citizenship with bitcoin: Migronis & BankEx launch revolutionary project
    The first news about a possibility to purchase a second citizenship by investment with cryptocurrency appeared in October 2017. It was the Government of Vanuatu that made this announcement. However, in about 2 weeks after the announcement, the news appeared to be untrue. The second time we heard that citizenship can be bought with bitcoins or other cryptocurrency was in July 2018. This time prime minister of Antigua and Barbuda stated that it would be… Read more
  • Antigua and Barbuda citizenship by investment program: Is it possible to use Bitcoin Cash to buy a second passport
      Interesting things are happening around Antigua and Barbuda citizenship by investment program. Cabinet has announced the funds received under the new investment option would be spend on the future university of Antigua and Barbuda. It would be established in Five Islands Village. According to the data by and, it will be possible to use such cryptocurrency as Bitcoin Cash (BCH) to purchase passport of Antigua and Barbuda under citizenship by investment program… Read more
  • What is the real price of real estate in Cyprus that is offered under citizenship by investment program
    In the first quarter of 2018, the number of real estate transactions in Cyprus increased by 41% compared to the same period in 2017. According to the Cyprus Department of Lands and Surveys, from January to March, 2,129 purchase contracts were registered. A year earlier, during the same period, 1,505 real property items changed their owners. What was the impact of the economic citizenship program on the Cyprus’ real estate market? What is the real… Read more
  • Real estate in Cyprus: Detailed guide to buying property to further obtain the passport of Cyprus
      Cyprus has gained the reputation of one of the most popular locations for buying real property for investment purposes. Beyond that, purchasing an apartment or villa on the island is a means to qualify for the EU passport which grands a number of advantages that are pleasant and indispensable to businessmen (visa-free travel around the world, reduced taxes, etc.). What are the general principles of choosing and buying real property in Cyprus and how… Read more
  • Buying property in Cyprus: Legal process and main issues
    Last year there was a 24% increase in the number of property transactions (sale and purchase) compared to 2016. The forecast for 2018 is also positive. In April 2018 alone, the total amount of housing/commercial property and land transactions was 29% higher than the one recorded in the same period of 2017. The figure keeps growing. Half of Cyprus’s real estate sold between January and April 2018 was obtained by foreigners. The statistics have been… Read more
  • 5 Myths About Hedge funds
    Increasingly sought after by high net worth investors, alternative financial products are an excellent way to diversify your portfolio and thus mitigate the risks typically associated with traditional investments. Alternative products include hedge funds, which, depending on their strategy, can offer many benefits, while securing the future of your financial wealth. For many, they remain complex products whose benefits are not sufficiently known. This calls for a little demystification. We debunk 5 myths about Hedge… Read more
  • The Unravelling of the Diplomatic Passport
    Once considered an ace in the hole for the most influential of travelers, the diplomatic passport has now come under intense scrutiny. Holders of the diplomatic passport are therefore facing the loss of this privilege, and left in search of an alternative. Read more
  • Wealth Preservation: A Multiple Citizenship Strategy
      In today's turbulent geopolitical environment, it can be hard to find a refuge from economic instability—and when you've been trusted with multigenerational wealth or have worked hard to leave a legacy for your loved ones, the last thing you want to do is put your wealth at risk. For many, multiple passports and foreign real estate investment can be a hedge against uncertainty in your home country. This article is the third in a… Read more
  • How to Protect your wealth in an uncertain economic environment
      Several factors influence the economic health of a region. Today, the uncertainties that prevail in many countries around the world are often the result of policies that destabilize the economic progress of these countries. Read more
  • Wealth Preservation: Why Geographical Diversification is a Key Strategy
      Today’s global uncertainties include economic instability, geopolitical conflicts, and sudden spikes and dips in various currencies. These factors can converge to force many international high net worth investors to seek refuge in more reliable investments as a means of securing the future. Asset diversification is no longer sufficient to avoid the sudden spikes and dips that can be inherent in today’s volatile economies--instead, geographical diversification represents an important strategic key. This article is the… Read more
  • Wealth Preservation: An Alternative Investment Strategy
      Most investment advice tends to be one-size-fits-all. Discussions of finding index funds with low fees and the "right" amount to save for the future can be useful for beginner investors, but don't begin to scratch the surface of your needs when the value of the investments you manage is in the multi-comma range. This blog series focuses on some of the unique and varied ways high net worth investors (HNWIs) can preserve their wealth.… Read more
  • 5 Facts About Alternative Investments for High Net Worth Investors
      Those who have amassed their wealth by sticking with run-of-the-mill stock and bond offerings may wish for the excitement of innovative new investments. And when volatility seems to be at an all-time high, with news reports often prompting mega equities swings without any change in the market's underlying fundamentals, diving into a smaller pool of more seasoned investors can seem like a wise choice when wealth preservation is your goal. Some alternative forms of… Read more
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