Category: Z Legacy: Expat

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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

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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

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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

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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

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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Panama Residency & Passport

How to get a Permanent Residency, Passport and Citizenship in Panama in 2021

How to get Panamanian Permanent Residency, Passport and Citizenship in 2021 AUTHOR LAST UPDATED 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 obtain a Panamanian passport and

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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

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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

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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

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Investing

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

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Expatriation Diversification Internationalization

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

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

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Second Passport Citizenship

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

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

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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.

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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,

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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.

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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

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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

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United States Corruption Decline

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

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

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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

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This is how you beat Obamacare

High quality, low cost, no hassle medical care in Thailand August 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.

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Cheap Property

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

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

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St Kitts

Why the St. Kitts economic citizenship program’s days may be numbered

June 20, 2014 Bangkok, Thailand What do you get when you mix Bitcoin Jesus, Marriott, St. Kitts, and terrorists? I’m afraid we’ll all find out soon. It wasn’t but a month ago that I told you about the US government’s opening salvo against the St. Kitts economic citizenship program. They’re trying to patch

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