Tag Archives: International Living

It’s official – Renouncing US citizenship saved our home

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“I wasn’t sure if I was making the best decision.  Some people advised against renouncing US citizenship while others recommended it.  Yet, after unsuccessfully warning American politicians, I elected mission safety and handed in the blue passport.  Now, it is official. I could hardly believe it when I read it, but it is true.  Renouncing US citizenship saved the mortgage for our primary residence.  To the left is a picture of my buddies and myself on the right, loading a ship to bring us to Somalia. To the right is a picture of my grandfather who fought for America during WWII.”

http://isaacbrocksociety.ca/2013/06/07/its-official-renouncing-us-citizenship-saved-our-home/

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Attractively Priced Real Estate, Courtesy of Pablo Escobar

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“Colombia’s economy has prospered: GDP growth has been strong; the average Colombian’s income has doubled in less than a decade; and BusinessWeek even called Colombia ‘the most extreme emerging market on Earth’ in 2007. And the residential neighborhoods are keeping pace, too – they’re dotted with cafés and restaurants that would rival those in European cities. As should be clear by now, there’s a stark contrast between the perception of Colombia and its reality. While the country isn’t perfect and drugs are still a problem, they are only a fraction of the problem they were 20 years ago. Though few are talking about it, Colombia is up and coming.”

http://www.caseyresearch.com/cdd/attractively-priced-real-estate-courtesy-of-pablo-escobar

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Chile is on the Cusp

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“Chile isn’t just a safe place to park some savings (e.g., with Chilean real estate), it’s also a country with lots of economic opportunity – where entrepreneurs and investors have the potential to make fortunes. More services are becoming readily available, and jobs are plentiful. Professionals from all sorts of fields (engineering, geology, medicine, etc.) have been arriving from ‘first world’ nations, and the country is beginning to have a much greater international feel than ever before. This will most likely pave the way for another, larger wave of newcomers that wouldn’t have been willing to make the move previously.”

http://www.internationalman.com/78-global-perspectives/954-chile-is-on-the-cusp

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Why Foreign Real Estate is an Internationalization Grand Slam

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“Obtaining real estate in a foreign country is an internationalization grand slam – it can accomplish four key goals all at once:  1. Move Savings/Wealth Abroad; 2. Create Other Internationalization Options;  3. Portfolio Diversification; 4. Privacy and Tax Benefits.”

http://www.internationalman.com/78-global-perspectives/956-why-foreign-real-estate-is-an-internationalization-grand-slam

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Why Is My US Brokerage Firm Closing My Account?

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“In many cases the agreement that countries have insisted on with respect to FATCA is reciprocal. In other words, a country will say that yes they are willing to exchange information on financial accounts with the USA but the key word is ‘exchange’ – that is, in return, US financial institutions must also agree to provide information regarding their clients who are citizens of the country entering into the FATCA agreement with the USA. Imagine the mess this will cause for the large US banks and brokerage firms when they have to start reporting to foreign governments on their accounts for residents of these other countries.”

http://www.expatfocus.com/c/aid=1192/articles/financial/why-is-my-us-brokerage-firm-closing-my-account/

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Gerard Depardieu claims world citizenship

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“French actor and new Russian national Gerard Depardieu says he is applying for an Algerian passport and possibly others, describing himself a ‘world citizen’. The 64-year-old star, one of the world’s most prolific actors, acquired Russian nationality in January after getting into a fight with the French authorities over a new 75-per cent tax on the super-rich. ‘I would like to have seven’ passports, he told France’s Journal du Dimanche on Sunday. ‘I’m going to ask for an Algerian one and others as well,’ he said. ‘This will help me avoid visas.'”

http://www.skynews.com.au/showbiz/article.aspx?id=880565

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Travel Before Passports

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“A century ago, there were no passports. We forget this. Our world would have seemed inconceivable to any free man in the Western world a century ago. People would not have imagined it possible that a person would be unable to cross a border because his nation had revoked his passport. There were no passports to revoke. The Russian Empire and the Ottoman Empire, both considered illiberal tyrannies, had passport systems. World War I did more to undermine liberty in the West than any other event of the last century. European states killed about 20 million citizens, and began taking away liberties from those citizens who survived. War is the health of the state.”

http://teapartyeconomist.com/2013/07/03/travel-before-passports/

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What Real Independence Looks Like

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“With confiscatory taxation at all levels, the gutting of the Bill of Rights through the so-called Patriot Act, the NDAA, secret courts, executive orders, indefinite detention, the need to be in compliance with an ever growing stack of regulations, edicts, and laws, the militarization of the police, the use of the IRS as a political weapon, assassination of US citizens without due process, indirect capital controls through FATCA, NSA warrantless spying, worldwide perpetual warfare with an undefined enemy… If history is any guide, it is not going to be pretty and I strongly recommend seeking an insurance policy before it’s too late. Internationalization is that insurance policy.”

https://www.internationalman.com/78-global-perspectives/961-what-real-independence-looks-like

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Traveling on a Revoked Passport…What Can You Do Next?

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“In order for Snowden to depart safely from the Sheremetyevo without a second passport, he will need to procure some type of refugee travel document.  So-called ‘refugee passports’ originated nearly 100 years ago when World War I ended.  They look like regular passport booklets with two diagonal stripes in the upper left corner on the front cover.  Hopefully, none of you reading this post will ever find yourself in the situation Edward Snowden is now experiencing: traveling internationally on a passport your country has revoked.  But if you do, I hope that you take a precaution Snowden never did: to obtain a second passport, ‘just in case.'”

http://www.nestmann.com/traveling-on-a-revoked-passport/

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What’s the Better Role Model, France or Switzerland?

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“The first slide, which is based on research from the Boston Consulting Group, looks at which jurisdictions have the most households with more than $1 million of wealth. Switzerland is the easy winner, and you probably won’t be surprised to see Hong Kong and Singapore also do very well. Gee, I wonder if the fact that Switzerland (#4), Hong Kong (#1), and Singapore (#2) score highly on the Economic Freedom of the World index has any connection with their comparative prosperity?  The most impressive part of this data is the way Switzerland has maintained a much smaller burden of government spending [compared to the Eurozone].”

https://danieljmitchell.wordpress.com/2013/06/18/whats-the-better-role-model-france-or-switzerland/

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