News

  • Woman arrested in India for concealing 1.2kg of gold in her rectum
    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. Feds steal $80,000 life savings from a confused elderly man 79 year old Terry Rolin kept his entire life savings in cash at his home in Pittsburgh. Inside a tupperware food container, he had saved $82,373 over his life working as a railroad engineer.… Read more
  • How China’s Investment Migration Market Will React to Higher Investment Requirements
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    Luc Lu 陆琦Shanghai/Singapore Translation and edits by Christian Nesheim Faced with rising minimum investment requirements among residence and citizenship by investment programs across the globe, China’s IM market will respond in one of three ways. Just as we rang in the new year, Singapore set off the opening salvo on 2020 investment migration (IM) program price hikes, and several other programs have hinted at intentions to follow suit. We needn’t look far for examples: The… Read more
  • The two best gifts to give your newborn child
    A Japanese woman was surprised when Hong Kong Express Airways required her to take a pregnancy test before boarding her flight. They made the poor woman sign a form indicating her body type was observed by staff to appear pregnant. The test proved she wasn’t. The woman was travelling to Saipan, the largest island among the Northern Mariana islands, a US territory. Having a baby on the island gives the child automatic US citizenship. And… Read more
  • After Record 2019, Thailand Elite Visa Eyes 10,000-Member Milestone in 2020
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    Christian NesheimEditor  Thailand’s Elite Residence Program again broke records in 2019, growing its member-base by 2,149 individuals, or 28% more than the 1,679 it added last year. 2019 marks a fifth consecutive year of growth in approvals for the program, which now has around 9,000 active members. !function(){"use strict";window.addEventListener("message",function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}})}(); By the end of the last fiscal year (September 30th, 2019), 8,602 foreigners held Thai Elite cards, up from 7,135 the… Read more
  • The Future of B2B Deals is Here
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    CiviquoSponsor  Making B2B deals is about to get seriously easier, thanks to another innovative solution from CIVIQUO. CIVIQUO – which has recently been chosen by the World Business Angel Investor Forum as one of the top 100 companies worldwide, for high-growth business potential – is now presenting yet another radically innovative and inclusive solution, which may very well set a new standard of how B2B deals are made. With the tagline, “B2B deals, made easy”… Read more
  • Uncle Sam just used its financial nuclear weapon again
    In August of 1945, the United States became the only country to drop nuclear bombs on an enemy. Hiroshima and Nagasaki were largely destroyed in the blink of an eye. And the Japanese had no choice but to surrender to the Allies, finally ending World War II. Ever since, world superpowers have been rapidly advancing weapons technology, constantly raising the bar for destructive power. It won’t surprise you to find out that the most powerful… Read more
  • Ensuring the Benefits of Capital Flows in the Middle East
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    By Jihad Azour and Ling Zhu عربي, Français Since the global financial crisis of 2008, emerging market economies have experienced a surge in capital flows in response to significant monetary easing by major central banks. Gross capital inflows to the Middle East and North Africa (MENA) have remained high compared to other emerging markets, but their composition has changed significantly, with a surge in portfolio flows (equity and bond instruments) and a decline in foreign… Read more
  • Greek Golden Visa Has Raised Some €2 Billion From Almost 19k Participants
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    Christian NesheimEditor  Recently released figures show the country’s golden visa program has issued residence permits to 18,616 individuals in the last five years, raising some EUR 2 billion in the process. !function(){"use strict";window.addEventListener("message",function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}})}(); By the end of 2019, data from Enterprise Greece reveals, 6,304 main applicants and 12,312 of their family members held Greek residence permits thanks to their participation in the country’s residence by investment program. !function(){"use strict";window.addEventListener("message",function(a){if(void 0!==a.data["datawrapper-height"])for(var… Read more
  • Reader Mailbox #4: Which Investment Migration Programs Have Bond/Share Investment Options?
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    Christian NesheimEditor  In the Reader Mailbox series, we publicly answer reader questions that may be of general interest to a wider audience. A reader asks: “Do you have an overview of which programs worldwide require investments in e.g. government bonds or similar portfolio investments?“ To answer the question, let’s first clarify the premises. First, we will include not only the programs that require bond or portfolio investments – which only a handful of programs do… Read more
  • Portugal Realtors’ Association Urges Caution on Golden Visa Reform
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    Christian NesheimEditor  In a communiqué circulated last week, Luís Lima, President of the Portuguese Association of Real Estate Professionals and Companies (APEMIP) expresses concern that authorities will become overzealous in their pursuit to reform the ARI (colloq. the “golden visa” program) to channel a greater share of program investment toward less developed regions and non-real estate assets. In October last year, as part of a broader outline of official plans for its second term, Portugal’s… Read more
  • Do you have a backup generator?
    The news headlines read, “Deadly 6.4 Magnitude Earthquake Plunges Puerto Rico into Darkness”; and “Powerful Puerto Rico Earthquake Knocks Out Entire Island’s Power.” It was enough to prompt my mother to call, four times, to make sure I was OK. There’s been a string of fairly strong earthquakes lately in Puerto Rico… which is incredibly unusual for this part of the world. It’s been more than a century since the island was rocked by anything… Read more
  • Cybersecurity Threats Call for a Global Response
    By David Lipton عربي, 中文, Español, Français, 日本語, Português, Русский  Last March, Operation Taiex led to the arrest of the gang leader behind the Carbanak and Cobalt malware attacks on over 100 financial institutions worldwide. This law enforcement operation included the Spanish national police, Europol, FBI, the Romanian, Moldovan, Belarusian, and Taiwanese authorities, as well as private cybersecurity companies. Investigators found out that hackers were operating in at least 15 countries. We all know that… Read more
  • Former AILA President Klasko Lists 16 Factors Making EB-5’s Future “Cloudy”
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    Christian NesheimEditor  Ron Klasko, Managing Partner of the eponymous internationally recognized immigration law firm, believes we have still only seen the contours of the fallout from recent rule changes to the EB-5 program. In a blog-post on his firm’s website, he lists 16 specific ramifications – some favorable, others decidedly unwelcome – that we can expect following what he calls “the most significant changes in over 10 years – maybe ever”. Fewer investors/fewer applicationsIncreased difficulties… Read more
  • Tech giant doesn’t want anyone to be offended… ever
    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. Town charges woman $60,000 as a fee to renovate her own home For 40 years Linda and Gary Cameron always dreamed of renovating their small home to accomodate more family and friends. Sadly, this dream could only be realized when Gary passed away, and… Read more
  • IMF to ECCU: Caribbean CBI Collaboration Could Reduce Negative Perceptions
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    Christian NesheimEditor  In its concluding statement following discussions with the Eastern Caribbean Currency Union, the IMF recommends deeper regional cooperation on citizenship by investment as a means of keeping skepticism about such programs at bay. The IMF noted that GDP growth among ECCU members had accelerated to some 3.75% in 2018, “reflecting buoyant tourism and sizable Citizenship-by-Investment (CBI) inflows, which helped support Dominica’s reconstruction-led recovery from the 2017 hurricane.” This positive economic trend had remained… Read more
  • As Cyprus CIP-Demand Dips, Banks Hesitate to Finance Luxury Towers, But Domestic Demand is Bullish
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    Christian NesheimEditor  After eight consecutive years of demand-growth, Cyprus’ citizenship by investment program first began to see a slowdown in the latter half of 2019 following the introduction of additional regulations and fees. Now, developers – and, crucially, the banks that finance them – fear there won’t be enough foreign buyers to absorb the island’s growing supply of high-end residential towers. A Mediterranean Singapore may have to waitIn 2016-18, Cyprus developers secured building permits for… Read more
  • The generational impact you can have right now
    Emma Gingerich doesn’t remember any joy in her childhood. She grew up without electricity or running water, and took only one bath a week. Education was so limited that to the best of her knowledge, the earth was flat. She didn’t even know how to speak fluent English, even though she grew up right in the heart of the US. Emma belonged to one of the strictest Amish sects in the country, called the Swartzentruber,… Read more
  • 1 in 4 Portugal Residence Investors Now Opt for Alternative Assets
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    The share of investors who pick options other than the conventional EUR 500,000 property purchase has more than tripled in the last three years. Portugal’s Borders and Immigration Service, the SEF, today released figures covering the full year of 2019. Thanks to its new reporting format, we now have access to somewhat richer data on applicant preferences. While until recently, the SEF provided statistics on only the two broader investment categories – real estate and… Read more
  • Bolsheviks want to shut down Puerto Rico’s tax incentives
    [Editor’s note: This letter was written by Sovereign Man team member Joe Jarvis, who recently moved to Puerto Rico.]  Local Puerto Ricans invariably tell me I’m overpaying on rent, and that I could have found a cheaper place to live. I’m sure that’s true. But somehow I’m not upset about my gorgeous view over the ocean and private roof deck. Beautiful beaches are right in front of me, along with three pools, a gym, and… Read more
  • Reduce Inequality To Create Opportunity
    By Kristalina Georgieva عربي, Español, 中文, Français, 日本語, Português, Русский Over the past decade, inequality has become one of the most complex and vexing challenges in the global economy. Inequality of opportunity. Inequality across generations. Inequality between women and men. And, of course, inequality of income and wealth . They are all present in our societies and—unfortunately— in many countries they are growing. The good news is we have tools to address these issues, provided we… Read more
  • I sure am glad that I own gold…
    The price of gold is up nearly $100 since Christmas, reaching around $1,575 per troy ounce as I write this letter. This most recent price bump is due to the panic over Iran. But the gold price is up nearly 20% over the last year, so there have obviously been plenty of other factors driving the price higher before the Middle East started flaring up again. And there will be plenty more after these tensions… Read more
  • Own a home? You’re responsible for California’s wild-fires
    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. Professor Blames Private Property for California Wildfires A public takeover of utility companies is not enough, according to Kian Goh, Professor of Urban Development at UCLA. In order to combat California wildfires, we need to abandon “aspirations of home ownership, and belief in the… Read more
  • Top 10 Charts of the Week for 2019
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    By IMFBlog The decade is over and with it goes another year of insightful, thought-provoking, and dare we say clever, charts of the week brought to you by the IMF. Everyone likes a great chart, right? So to get the new year started on the right foot, take a minute and look back at what caught your eye (or what you might have missed) in 2019. Here are the top ten charts of the week… Read more
  • There’s a major banking crisis unfolding in China
    [Editor’s note: This letter was written by Tim Staermose, Sovereign Man’s Chief Investment Strategist] The Chinese government isn’t exactly famous for its honesty and transparency. So when the Chinese regulators are starting to openly report trouble in their banking system, it’s time to take notice. According to the People’s Bank of China (PBOC)’s “2019 China Financial Stability Report,” 586 out of 4,379 Chinese lenders were officially deemed to be “high risk”. But that overall figure,… Read more
  • Congress gives America a special Christmas present: higher taxes
    You’ve got to hand it to these people– Congress really knows how to bring out the holiday cheer. They have some sort of pathological need to pass the most absurd legislation at the VERY END OF THE YEAR giving people very little time to react. Two years ago, for example, they passed comprehensive tax reform in late December 2017… and the new tax code went into effect only a few days later. Taxpayers had no… Read more
  • Top 10 Blogs of 2019
    By IMFBlog عربي, 中文, Español, Français, 日本語, Português, Русский In what seems like a blink of an eye, 2019 came and went. The frequency of events and developments left little time for contemplation, and, in many respects left more questions than answers. We covered some of these on IMFBlog, and we hope our analysis succeeded in providing our readers with answers. Throughout 2019, the blogs that our readers sought out tended to focus on the “what’s… Read more
  • It only costs about 20 grand to get away with murder
    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. Kentucky Governor Pardons Murderer after family’s fundraiser Kentucky Governor Matt Bevin lost reelection in November. But the governor still had some campaign debt to retire. And it’s not easy to convince people to donate to a campaign that already lost. Still, one family managed… Read more
  • It depends on the meaning of the word ‘is’…
    By February 1868, President Andrew Johnson had been at odds with Congress for years. Johnson had been Vice President for barely a month when Abraham Lincoln was assassinated in 1864, and his battles with Congress started from practically Day 1. Johnson shared Lincoln’s view that the Confederacy should be swiftly and gently reintegrated back into the Union after the Civil War; neither wanted to penalize the South. But at the time, Congress was filling up… Read more
  • Striking the Right Balance Between Sustainable Development and Sustainable Debt
    By Kristalina Georgieva عربي, Español, 日本語, Português Over the past two decades, sub-Saharan Africa has made considerable economic progress: extreme poverty levels have declined by one third; life expectancy has increased by a fifth; and real per capita income has grown by about 50 percent on average. Yet, sub-Saharan Africa is still only half-way to meeting the Sustainable Development Goals. To achieve these goals, sub-Saharan Africa will need financing. One of the ways to access financing… Read more
  • He helped expand the surveillance state. Now he’s its victim.
    [Editor’s note: This article was written by Sovereign Man staff member Joe Jarvis, who recently moved to Puerto Rico. Joe is also editor at the DailyBell.com] Frankly, I couldn’t care less about the whole impeachment thing. I’m a resident of Puerto Rico, so I couldn’t vote in the Presidential election if I wanted to. Which I don’t. I haven’t voted in years because I have a hard time believing that my vote really matters. Plus,… Read more
  • 2019 in Review: The Global Economy Explained in 5 Charts
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    By Gita Gopinath, Gian Maria Milesi-Ferretti, and Malhar Nabar عربي, Español, 中文, Français, 日本語, Português, Русский Global growth this year recorded its weakest pace since the global financial crisis a decade ago, reflecting common influences across countries and country-specific factors. Rising trade barriers and associated uncertainty weighed on business sentiment and activity globally. In some cases (advanced economies and China), these developments magnified cyclical and structural slowdowns already under way. Further pressures came from country-specific weakness… Read more
  • New Data on World Debt: A Dive into Country Numbers
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    By Marialuz Moreno Badia and Paolo Dudine Español, Português The new update of the IMF’s Global Debt Database shows that total global debt (public plus private) reached US$188 trillion at the end of 2018, up by US$3 trillion when compared to 2017. The global average debt-to-GDP ratio (weighted by each country’s GDP) edged up to 226 percent in 2018, 1½ percentage points above the previous year. Although this was the smallest annual increase in the… Read more
  • One of the easiest places in the world to obtain residency
    In late 2002, about 17 years ago at this time of the year, I was a young Army officer deployed to the Middle East. It was just a few months before George W. Bush gave the order to invade Iraq, though all my fellow officers and I knew with 100% certainty that we would be going to war. That turned out to be an extremely formative experience for me. It was clear that Saddamn Hussein… Read more
  • The Power of Text: How News Sentiment Influences Financial Markets
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    By Damien Puy عربي, 中文, Español,  Français, 日本語, Português, Русский How do investors react to news? This question has been at the core of the financial research agenda for several decades. Now, two forces make this question even more pressing. First, innovations in information technologies have dramatically increased the reach of financial and economic news and the speed at which it travels. Real time newswires, such as Reuters and Bloomberg, generate and disseminate information almost instantaneously… Read more
  • San Francisco spends almost $30 per flush for public toilets
    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. British school controls where children eat and shop after school Imagine a man in a high visibility jacket comes into your take-out restaurant, and starts berating your customers, telling them to leave, and threatening them if they don’t. That is what business owners in… Read more
  • Central Bank Digital Currencies: 4 Questions and Answers
    By Tobias Adrian and Tommaso Mancini-Griffoli Central Bank Digital Currencies (CBDC) is a complex and multidisciplinary topic requiring active analysis and debate. It raises questions related to monetary policy, central banking operations, and payment systems—as well as financial stability and legal foundations and regulation. Below are some of the most pressing questions and answers on the topic. What is the IMF’s role around CBDCs now and in the future? The IMF can help in three… Read more
  • Broke billionaires (and other ridiculous signs of the top)
    File this one away under ‘completely ridiculous’. You might have heard that Elon Musk was on trial last week in Los Angeles; he was being sued because he claimed (multiple times) that British spelunker Vernon Unsworth was a pedophile. (He’s not.) It’s generally damaging to one’s reputation when a world-famous billionaire erroneously calls you one of the worst things anyone could possibly be.  So Unsworth sued for defamation. Defamation in the United States is actually… Read more
  • Cyprus first for citizenship by investment in Europe
    Cyprus ranked as the best citizenship by investment program in Europe, taking the first spot among european countries for 2020. The rankings were published after evaluating 30 important factors that were important to clients interests and needs. Cyprus scored top points for Safety and crime rate World class Healthcare and education system and human development. Real estate investment availability EU citizenship and biometric passport Voting rights Travel freedom in terms of visa waivers Lifetime citizenship benefits… Read more
  • The best economic citizenship program for 2020
    We just capped off a spectacular weekend in St. Lucia with members of our Total Access group to explore this country’s Citizenship-by-Investment program. I’ve written about Citizenship-by-Investment programs before; these are completely legal programs that exist in several countries where foreigners can invest a particular sum of money in a country and become a citizen. These programs are often called “Economic Citizenship” programs as well. And they’re typically the fastest way to get a second… 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
  • 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
  • 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
  • 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
  • Why Elizabeth Warren wants you to be poor
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    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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
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    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 21 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
  • 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
  • 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
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      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
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    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
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    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
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    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
  • Three steps to successfully invest in real estate
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    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 coinbase.com and coingeek.com, 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
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      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
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    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
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    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
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    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
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      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
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      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
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      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
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      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
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      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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