Z Legacy: Expat

Summing up 8 years of Barack Obama

January 20, 2017
Sovereign Valley Farm, Chile

It’s hard to argue with Barack Obama’s jump shot. I can’t imagine Rutherford B. Hayes having that kind of game.

Or his swagger. Comedic timing. Even charisma.

And there have been plenty of times over the last eight years when, in all seriousness, those qualities have truly mattered.

I can’t imagine anyone not getting goose bumps when President Obama sang Amazing Grace[...] Click here to continue reading

The crack-up boom has already begun

[Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.]

“Negative interest rates are not the fault of central banks”
- Martin Wolf column for the Financial Times of 12 April, 2016.
From ‘Human Action’ by Ludwig von Mises:
“But then finally the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is[...] Click here to continue reading

Clearly we lack the intellect to question our central bank overlords

[Editor’s note: This letter was penned by Tim Price, London-based wealth manager and frequent Sovereign Man contributor.]

Leon Walras, one of the original economists and idiots who adapted most of his theories from the world of physics, once posited the fancy-sounding General Equilibrium Theory to explain market behavior.

Investor George Soros advocates an alternative theory which he terms ‘reflexivity’:
“[F]inancial markets can create inaccurate expectations and then change reality to accord with them.[...] Click here to continue reading

After last night’s powerful earthquake

Sovereign Valley Farm, Chile
September 17, 2015

First of all, I really want to say thanks to all of our extremely kind and thoughtful readers who emailed us to make sure that we’re all OK.

If you hadn’t heard, there was a rather substantial earthquake in Chile yesterday that made international news.

While the horses may still be a bit spooked, our team is fine, the farms are fine, and we very[...] Click here to continue reading

Wealthy Chinese are paying BIG money for this piece of paper

Istanbul, Turkey
August 13, 2015

Four years ago, just as he was about to board a flight to Hong Kong, Ai Wei Wei was stopped by border officials and had his passport confiscated.

As an outspoken anti-government activist, the Chinese artist was no stranger to government threats. But this time it was real.

Taking away that little document meant taking away his freedom. He was now stuck at the mercy of the[...] Click here to continue reading

Get a world-class degree for less than the cost of a bus pass

Vilnius, Lithuania
August 5, 2015

Conventional wisdom tells you that a university degree is the best investment you can make for your career.

Invest the time and money now, they say, and you’ll make heaps more in the future.

The thing is, that’s not really happening anymore.

Tuition costs have skyrocketed, meaning a far higher initial investment, while potential returns have slumped.

From baristas to janitors, some 43% of graduates[...] Click here to continue reading

The Three Ways To Get a European Citizenship & Excellent Second Passport

European Citizenship & Passport
European Citizenship & Passport:
Three Ways To Get An Excellent Second Passport In 2020



Yes, it IS possible to get a European Citizenship & Passport for foreigners-- even for Britons & Americans... 

There are three ways of how you can get an EU citizenship. 

And if you’re lucky and qualify for you the first option you could get an excellent European passport in just a[...]

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Greece isn’t the problem, it’s a symptom of the problem

July 22, 2015
Munich, Germany

By plane, Asia and Europe are 12 hours apart. But on the ground the gap feels like decades.

It’s always a shock to leave a place like Vietnam (where I was last week) and fly to Europe.

Vietnam is one of the fastest growing countries in the fastest growing region of the world. It’s exciting.

Whereas here in Europe, sometimes it feels as if nothing’s changed[...] Click here to continue reading

Gold stocks hit lows not seen since 2002

July 22, 2015
Bali, Indonesia

[Editor's note: This letter was written by Sovereign Man's Chief Investment Strategist Tim Staermose.]

The selling in gold (and silver) stocks has been nothing short of brutal in the past several sessions, save for a modest bounce Tuesday.

The Philadelphia Gold & Silver Index of precious metals mining companies is now back to levels last seen in 2002. Gold then was less than 1/3rd the price it is now.

Admittedly,[...] Click here to continue reading

These 19 passports will be a lot more valuable on July 1st

May 27, 2015
Santiago, Chile

It seems strange that a complete accident of birth has such a massive impact on someone’s life.

We don’t get to control where we’re born. It’s a fluke really. Yet as soon as we come into this world a particular nationality is thrust upon us like a birthmark that stays with us for life.

Our nationality dictates so many things throughout our life.

It might mean[...] Click here to continue reading

There’s a MAJOR benefit in Chile that doesn’t exist anywhere else in the world.

May 12, 2015
Santiago, Chile

A few days ago I was having lunch with some executives who run one of the largest fruit companies in the world.

The company is Chilean, and as the guys are all local, they were curious about my take on Chile as a foreigner.

I told them that Chile is far from perfect. But there’s one very special reason why I spend so much time here.

[...] Click here to continue reading

Number of Americans renouncing US citizenship reaches all-time high. Again.

May 11, 2015
Santiago, Chile

Under the republic of Ancient Rome, to be a citizen was an unparalleled status that people throughout the entire known world aspired to achieve.

Roman citizens were granted very special privileges and benefits. The right to vote. The right to stand for election. The right to engage in commerce.

They had the right to settle disputes in an impartial court.

Roman citizens were even exempt from[...] Click here to continue reading

Got Greek grandparents? If so, here’s a major opportunity for you.

April 16, 2015
Sovereign Valley Farm, Chile

Walking down the streets of Kalamata, not only had everyone known his name, they’d have offered him a drink and asked about his grandmother’s health.

But in New Jersey where he lived, Hector was a nobody.

Trading in the warm, sunny coast of Greece for bitter winters and relative isolation was unquestionably the hardest thing that Hector and his wife had ever had to do.
[...] Click here to continue reading

This paradise is still one of the best kept secrets in the world

April 8, 2015
Medellín, Colombia

About a week ago after having one of those days, I felt like unwinding by turning off the world and tuning in to some mindless action flick.

Netflix heeded the call and immediately served up 1994’s Clear and Present Danger starring a slightly younger Harrison Ford as CIA executive Jack Ryan.

It’s a decent film if you’ve never seen it... and, without giving away too much, a[...] Click here to continue reading

Scathing assessment: “The UK economy is a ticking time bomb”

April 7, 2015
En Route to Colombia

Despite being an otherwise staid, traditional news service, the professional banking division of the Financial Times recently released an utterly scathing assessment of the British economy.

It was entitled, “The UK economy is a ticking time bomb,” and the editor didn’t pull any punches in completely shattering the conventional fantasy that ‘all is well’, and that advanced economies can simply print and indebt their way to[...] Click here to continue reading

Young people: here are five (OK, six) alternatives to heavily indebting yourself

March 31, 2015
Sovereign Valley Farm, Chile

Yesterday we discussed the utter insanity of the debt-based education system—the trillion+ dollar explosion of student loans out there that may very well be the next bubble to burst.

It’s a completely ridiculous system which saddles 22-year olds with tens of thousands of dollars of debt before they even have a chance to start life.

But this has become the norm. DEBT has become the[...] Click here to continue reading

4 countries that gun lovers need to know about

March 26, 2015
Santiago, Chile 

If there’s one lesson we can learn from the 20th century it’s that we should be suspicious of a government that actively tries to disarm its population.

When the Khmer Rouge came to power in Cambodia one of the first things they did was set out to disarm the population.

There were already a series of strict gun control laws in place, left over from the time[...] Click here to continue reading

How to get a Permanent Residency, Passport and Citizenship in Panama

Panama Residency & Passport
How to get Panamanian
Permanent Residency, Passport and Citizenship



If you’re looking for the easiest permanent residency program in the world, then look no further than Panama.

In this article you’ll learn about the two best Panamanian residency visas and how you can get an excellent Panamanian passport & citizenship.

And as an additional bonus you’ll also learn about the incredible benefits you can get[...]

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Come explore the red-hot entrepreneurship scene in Bangkok

March 2, 2015
Bangkok, Thailand

Whenever I land in Bangkok, I instantly feel the buzz. This is a city that’s alive, unlike any other in the world.

Commerce is everywhere and sometimes it feels that the whole city is one big marketplace.

Bangkok is known across the world for its exhilarating social life, but that same incredible energy is put towards business and entrepreneurship as well.

While the official startup scene might[...] Click here to continue reading

The best foreign real estate is like a safety deposit box with a view

February 10, 2015
Puerto Varas, Chile

Carrying cash is a really risky affair these days.

Nearly everywhere I travel in the world (typically 30-40 countries each year), there are signs and warnings about carrying too much cash.

Customs agents often ask me “how much cash are you carrying”, and you hear stories about people having excess cash confiscated.

In the Land of the Free, civil asset forfeiture laws allow police forces[...] Click here to continue reading

Fresh out of college, here’s how you can live plush

January 26, 2015
Sovereign Valley Farm, Chile

Right out of university Jack took the first job he was offered, as an entry-level investment broker in central London.

He was happy at first, thankful that he’d been able to get a job straight away, while many of his friends had difficulty in landing one even after months of searching.

But his contentment diminished as he found that between rent, his monthly metro pass,[...] Click here to continue reading

6 places to consider for foreign residency if you ever need a plan B

Second Citizenship Passport
January 20, 2015
Sovereign Valley Farm, Chile

In the aftermath of the recent wave of terror attacks in France a number of voices have commented on the unstable political and cultural climate in France.

Among them is Israeli Prime Minister Benjamin Netanyahu, who has called on French Jews to “come home to Israel” where they will be safer.

He even urged Israeli lawmakers to enact new legislation to make it easier for[...] Click here to continue reading

How to invest when the pursuit of certainty is absurd

January 5, 2015
London, England

[Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.]

The start of the New Year is traditionally a time for issuing financial forecasts. But there seems little point in doing so given the impact of widespread financial repression on the price mechanism itself.

Are prices real, or fake? The cornerstone of the market structure is the price of money itself – the interest[...] Click here to continue reading

How to easily save $20,000 by living and working in Australia

Expatriation Diversification Internationalization
December 23, 2014
Santiago, Chile
It was just a few days after arriving to Australia that Jean was able to start working immediately at the most prestigious French restaurant in Sydney, without having to look for a job very hard or dealing with much bureaucracy.

As a chef trained in France Jean had his choice of which high-end restaurant in Sydney to work at, as there is a shortage of qualified labor to work[...] Click here to continue reading

Three of the BEST ways to obtain a second passport (and one to AVOID)

Second Passport Citizenship
December 15, 2014
Castries, Saint Lucia

On October 9, 1939, Friedrich Nottebohm applied to become a naturalized citizen of Liechtenstein.

Nottebohm had been living in Guatemala since 1905, and as World War II started heating up, he became concerned that his German nationality might cause problems for him down the road.

It turns out he was right.

After attempting to enter Guatemala in 1943, he was denied entry as an enemy[...] Click here to continue reading

Say goodbye to the nation state, this is how the new system will look

December 9, 2014
Santiago, Chile

In the moment after the musicians finished their last song, the silence was broken by the faint tune of someone singing “Mu isamaa on minu arm”.

The singers on stage quickly looked at each other nervously, but seeing strength in each other’s eyes they began to join in.

The year was 1969, and the Soviet leadership that held control over Estonia had banned this patriotic song. Singing[...] Click here to continue reading

Here’s what happens when you buy stocks at their all time highs

December 4, 2014
Santiago, Chile

One of the great myths about investing that we’re told by the mainstream investment education is that we should “buy and hold” for the long term.

I remember being taught in a personal finance class long ago that I should just buy the S&P 500 index, walk away, and that years later I will have achieved huge gains.

The premise is that over a long period of[...] Click here to continue reading

Nine of the biggest myths that people believe about the system

November 14, 2014
Santiago, Chile

Years ago, an elderly, frail Japanese martial arts master once boasted a 200-0 record against his opponents.

He claimed to have a unique power that allowed him to inflict serious injury on people without actually laying a finger on them.

Was it Chi? Magic? None of the above. It was a total scam. But that didn’t matter.

You see, the legend of the master’s powers turned[...] Click here to continue reading

Ready to hit the eject button? Here are five places to start looking

November 7, 2014
Santiago, Chile

As we talked about yesterday, moving abroad isn’t as difficult as you think.

Sure, it’s not always cookies and cupcakes, but the benefits and opportunities of living abroad are often unparalleled.

Only by moving abroad can you truly curtail how much you contribute to your corrupt, bankrupt home government.

And you just might find that in many cases you can live better, cheaper, and enjoy a[...] Click here to continue reading

Here’s what a few people did the last time the system was rigged against them…

November 6, 2014
Santiago, Chile

For most it was their first time on a ship. And now they were trapped on board for weeks to endure storms and seasickness on the high seas.

Packed together like sardines in tiny, rat-infested cargo holds with unappetizing provisions and a constant stench of human waste, early settlers (expatriates) had every reason to not be on those ships.

But there was something far more important than[...] Click here to continue reading

Do you plan to ‘stay and fight’? Here’s a better solution.

November 5, 2014 (Remember, Remember)
Santiago, Chile

Long ago when I was a fresh young Army lieutenant straight out of the academy, I spent six months at Fort Huachuca, Arizona, learning how to be an intelligence officer.

Fort Huachuca (pronounced wah-CHOO-kuh) is nestled snugly on the Mexican border, so there were a lot of other government outfits in the area like US border patrol and the Drug Enforcement Agency.

Military intelligence officers[...] Click here to continue reading

WARNING: Avoid this corrupt, third-world country at all costs

United States Corruption Decline
October 31, 2014
Santiago, Chile

John Anderson, an American tourist from San Clemente, California, was driving down a poorly-maintained highway when he saw flashing lights in his rearview mirror.

After a brief exchange with the local police officer, Anderson was shocked when the cop started searching his vehicle.

Anderson had $25,180 in US dollar cash in the car, which by the way was not a crime according to the local laws.

[...] Click here to continue reading

This seems to be going well (chart)

September 15, 2014
Santiago, Chile

Gallup released a new poll late last week showing how many (or few, as it were) Americans are 'satisfied' with the direction of the country. 23%. That's it. 76% are NOT satisfied. Only 1% aren't sure.

The chart below shows the astounding, long-term decline since 2000.

Note, this is a trend that has outlasted three Presidents and six Congresses. It's not about a[...] Click here to continue reading

This is how you beat Obamacare

High quality, low cost, no hassle medical care in ThailandAugust 27, 2014
Bangkok, Thailand

I'm still a little bit stunned by what just happened.

30 minutes and $73 later, I just walked out of what was -technically- a hospital, but was much closer to an upscale business lounge at a modern airport.

I had a quick procedure done to fix up a nagging issue sustained in my military days (seemingly a lifetime[...] Click here to continue reading

In some parts of Europe, they are literally giving away land…

Cheap Property
July 30, 2014
En route to Estonia

The last few years have not been kind to European property markets, to put it mildly.

Ireland, Spain, and Portugal, for example, experienced property bubbles and collapses even more severe than what happened in the US. It was gruesome.

But while some areas have recovered, others are still barely limping along 6+ years later.

Before reviewing the places in Europe that are cheap at[...] Click here to continue reading