"The problem — your problem — is that any country can turn into a 1970s Rhodesia. Or a Russia in the ‘20s, Germany in the ‘30s, China in the ‘40s, Cuba in the ‘50s, the Congo in the ‘60s, Vietnam in the ‘70s, Afghanistan in the ‘80s, Bosnia in the ‘90s. These are just examples off the top of my head. Only a fool tries to survive by acting like a vegetable, staying rooted to one place, when the political and economic climate changes for the worse."
Doug Casey's International Man is a highly actionable service dedicated to making the most of your personal freedom and financial opportunity around the world.
Most people know of the general investment benefits of not having all your asset eggs in one basket. This portfolio-diversification concept—investing in multiple asset classes—also applies to the political risk associated with your home country. It is a risk few people think about diversifying.
Doug Casey has said over and over that spreading your political risk beyond a single jurisdiction is the most important thing he can recommend today.
In short, international diversification is prudent because it frees you from absolute dependence on any one country.
Achieve that freedom, and it becomes very difficult for any country to control your destiny.
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There are 4 broad areas of internationalization.
1. Savings: This area covers how to setup offshore bank/brokerage/financial accounts, foreign real estate and "bolt-holes" in case of trouble, moving and owning gold overseas, and structures like foreign trusts that help to legally reduce taxes.
2. Yourself: Obtaining a second passport from another country and establishing legal residency in foreign countries.
3. Income: The structuring of your cash flows to reduce dependency on any one source in any one jurisdiction. Establishing additional sources of revenue, international investment opportunities and trends, setting up an offshore company.
4. Digital Presence: This commonly includes your IP address (which can often pinpoint you to a precise physical address), email account, online file storage, and the components of personal/business websites.
Your first step toward internationalization is to tune in to a free Casey Research video on the subject, Internationalizing Your Assets. It features investment experts Doug Casey, Peter Schiff, Mike Maloney, and more. This must-see video will reveal strategies you can easily implement. Click here to view it now.
Another useful video below is Doug Casey's Primer on Internationalization.
If you cannot see the video, please click here.
International Man has its roots in the book of the same name first published in 1978 by best-selling author, speculator and renowned world-traveler Doug Casey. You can still find it on Amazon by clicking here.
The original intent of that book was to give readers a general sense of the exciting and opportunity-rich world that lay outside of their national borders. With a review of over 100 countries of the day, he shared valuable "opportunity intelligence" and the resources that anyone could follow to realize these opportunities.
Even though the book is now markedly out-of-date, the need for such information is more relevant than ever. As the Western world continues to decline and the East continues its great climb upwards, much of what we know as fact is becoming obsolete.
New opportunities and new challenges are popping up on a weekly, daily and even hourly basis. International Man is there to help guide you through it.
If you have any questions, comments or feedback, please don't hesitate to get in contact with us.
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