Does anyone else find this ironic?

Does anyone else find this ironic?

In the age of #MeToo and BLM, the most ‘woke’ political party in the Land of the Free has chosen a guy with multiple sexual misconduct allegations as its presidential nominee; and a lady who locked up countless black people (many for victimless crimes) as its vice presidential nominee?

These are true statements, of course.

Joe Biden was accused of sexual assault a few months ago by a former staffer; he summarily dismissed the allegation, even though he told the Washington Post (prior to being accused) that women who accuse men of sexual assault should be believed:

“For a woman to come forward in the glaring lights of focus, nationally, you’ve got to start off with the presumption that at least the essence of what she’s talking about is real. . .”

On top of that, Biden has been accused by several other women of incredibly inappropriate behavior, bordering on the absurd.

Lucy Flores, for example, said that Biden– while he was still Vice President– came up behind her, put his hands on her shoulders, inhaled the scent of her hair, and then slowly kissed the back of her head.

Eva Murry said that Joe Biden complimented the size of her breasts when she was just 14 years old back in 2008: “Fourteen? You’re very well endowed for 14.”

There was also the 13-year old daughter of Senator Chris Coons; at Coons’ swearing-in ceremony in 2015, Biden was filmed pulling himself closer to her, gently grabbing her arm and moving his lips towards her head.

When he leaned in to kiss her forehead, she tried squirming away, looking extremely uncomfortable… at which point her mom had to politely intervene.

I mean, these stories are pretty much endless. At a minimum it’s seriously creepy.

Then there’s Kamala Harris, whose record as District Attorney involved convicting nearly 2,000 marijuana cases, averaging nearly 300 per year.

That’s high. Based on data from the San Francisco District Attorney’s office, Harris’ annual marijuana conviction rate was only exceeded once (in 1993).

But more than that– as California’s Attorney General, Harris refused to support mandatory police body cameras. She did, however, support the death penalty.

She even insisted that a black death row inmate, Kevin Cooper, be executed, even though Cooper argued that DNA evidence would prove his innocence. Harris opposed allowing Cooper to present new evidence… until the New York Times finally wrote an article about his harsh treatment.

Back in 2011, the US Supreme Court ordered the State of California to release 33,000 prisoners, because its state prison system was ‘unconstitutionally’ overcrowded.

Harris was Attorney General at the time, and her office pushed back on the Supreme Court’s order, claiming that prison inmates (who are predominantly minorities) were cheap labor and needed to help fight wildfires.

And even the New York Times acknowledges that Harris “largely avoided intervening in cases involving killings by the police.”

Her inaction was so pronounced that protesters in her hometown of Oakland started distributing fliers saying “Tell Attorney General Kamala Harris to prosecute killer cops! It’s her job!”

In 2014 after the police shooting of Michael Brown in Ferguson, Missouri, Harris (as California’s Attorney General) faced a lot pressure to investigate cases in her case where police had shot minorities.

She declined to do so, claiming, according to the New York Times, “it was not her job.”

You get the idea.

I would also be remiss if I didn’t comment on Harris’ ridiculous selection process.

In a normal, rational world, when you hire someone for a job, you choose whoever is the most highly qualified for the position.

That alone should be the deciding factor… not something as silly as DNA or sexual orientation.

I have hundreds of employees across my various businesses; every single person was put in their position solely because they were the best fit for the job.

Sovereign Man’s parent company is run by a woman. My bank is run by a woman. I have people of various races in senior positions.

And honestly I even hate writing this… I hate describing a great executive as ‘a woman’ or ‘minority’, because, who cares?

To even even bring up such pointless attributes about them denigrates their amazing talent. They were, in no way, hired to check a box. They were hired because they’re the most qualified.

And that’s supposed to be the priority when you hire someone… at least, in a normal, rational world.

But our world is not rational. And hiring someone based on qualifications is no longer a priority.

Joe Biden’s campaign highlighted this new priority of the day when he decided from the outset that his running mate must be a black female, effectively eliminating 93% of the population from consideration for the job.

Bear in mind, this is the person who could potentially become President should something happen to Biden. So it’s a fairly important job.

But rather than consider all possible candidates, he started with a narrow subset… because the priority now is what’s hanging (or not hanging) between someone’s legs, and the level of melanin in their skin.

Everything else (including actual qualifications for the job) come second.

Again, it shouldn’t matter. If the best qualified person for the job is a disabled, pansexual, non-binary Native American, then that’s the person who should be chosen.

I’ve been writing about this a lot lately– this idea that priorities have radically shifted.

Universities no longer prioritize well-rounded education. The media no longer prioritizes truth. Businesses can no longer prioritize profit. The government in no way prioritizes fiscal responsibility.

And as a I wrote yesterday, even the military can no longer keep national defense as its top priority.

Marxism and wokeness are now the priorities. And you can see it everywhere.

Source

from Sovereign Man https://ift.tt/33PomFn
via IFTTT

Our enemies will tremble at the sight of our diversity and inclusion. . .

Not long ago, the British Army realized that it needed to completely revamp its recruiting campaign.

The younger generation simply wasn’t responding to Army’s previous ‘Be All You Can Be’ style of advertising. So British leadership changed the recruiting message to keep up with the massive cultural shift that has been sweeping the world.

Their updated campaign focused on– you guessed it– diversity and inclusion.

The Army’s new priority was to show off how woke they are, and to make new recruits feel safe and happy… as opposed to building a lethal, highly effective fighting force.

One of the best examples of this ad campaign shows British soldiers on a combat patrol, ostensibly in the mountains of Afghanistan.

But suddenly the mission stops… because one of the soldiers is Muslim and needs to pray.

The ad shows the rest of the unit happily and patiently waiting. At one point, the radio squawks (which is usually because the command headquarters or another nearby unit needs to communicate with your squad.)

But one of the soldiers shushes the radio operator. So we not only need to stop the entire freaking war, but we have to cut ourselves off from potentially critical communication, just so this guy can continue to pray without being disturbed.

Just to be clear, I respect anyone’s religious beliefs. I don’t care if someone prays to the sun, Allah, or Joe Pesci.

But they don’t stop a war when someone gets SHOT. Duh. So why stop just because someone needs to pray? What kind of priority is this??

It’s as if the Army leadership actually believes “Our enemies will tremble at the sight of our diversity and inclusion. . .”

But in reality, the entire world now knows that the British military will stop in the middle of a war to coddle the needs of every individual soldier.

Again– this is a major shift in priorities. Military service is supposed to be about selfless sacrifice, not the needs of the individual.

Unsurprisingly, the Chinese have figured this out.

In its new recruiting campaign, China’s military leadership shows the sacrifices that its soldiers make… the early mornings, the long days, the time away from family, and the difficult life.

But the Chinese ads attract exactly the type of person they’re looking for– people who don’t want to take the easy path.

China’s recruiting ads also show off a bonanza of high-tech weaponry, including some of the most advanced fighter jets, tanks, and ships in the world.

Take a look at these two side-by-side and ask yourself, “Gee I wonder who would win that war?”

I wrote about this yesterday- you can see this major shift in priorities just about everywhere.

The top priority of the world’s biggest corporations is no longer running their businesses and turning a profit. Now it’s all about showing off their woke credentials.

You can’t just sell shoes anymore. You have to run political ads to demonstrate how deeply you believe in the new religion of wokeness.

Nike built an entire ad campaign around Colin Kaepernick– the former NFL player who started the movement to kneel during the US national anthem.

And last month when Kaepernick tweeted that July 4th was a “celebration of white supremacy,” Disney almost immediately hired him to produce content.

Beyond wokeness, economic priorities have also shifted. National, state, and local governments all over the world are paying people to NOT work, and refusing to allow small businesses to operate at normal capacity.

Rather than work, produce, and contribute to a healthy economy, they want us all to be terrified of a virus and dependent on mother government.

As I wrote yesterday, economic prosperity is no longer the priority.

They will rack up limitless amounts of debt, print infinite quantities of money, make interest rates negative– all to protect people from Covid, regardless of the cost to the economy or individual liberty.

Then you have Bolshevik politicians to contend with, like Conresswoman Alexandria Ocasio-Cortez, who led a ridiculous crusade last year to banish Amazon from her district.

Amazon had originally announced that they would establish a second headquarters in Long Island City, New York (which AOC represents).

“HQ2” as it was called, would have brought billions of dollars in benefits– high paying jobs, investment, additional tax revenue. And in exchange, Amazon would have received some minor tax breaks.

The deal was a win/win for everyone. Amazon would have benefited, the local community would have benefited, and the government would have benefited.

But Bolsheviks don’t like win/win situations. They can’t stand it when a wealthy person or big business wins. They’re only willing to do a win/lose deal. And absent that, they’ll do a lose/lose deal.

And that’s exactly what AOC got– a lose/lose deal. Amazon walked away, and her district ended up with no big investment or additional tax revenue.

If economic prosperity were still the priority in the United States, angry voters would have revolted against AOC for her irrational, destructive behavior.

Instead she was celebrated… because, again, economic prosperity is no longer the priority.

Universities, which used to prioritize scientific advancement, vigorous debate, and the transfer of knowledge to the next generation, have embraced wokeness and become intolerant of any intellectual dissent.

And in the case of Great Britain, the new woke priorities even extend to national defense.

Their Army’s priority is now diversity and inclusion. It’s no longer about defending the nation, and, if necessary, fighting and winning wars.

Ultimately these new priorities cultivate weakness– a weaker national defense, a weaker economy, a weaker, more fractured society.

And it’s hard to imagine any nation thriving long-term when it consistently cultivates weakness.

Source

from Sovereign Man https://ift.tt/33Qmvjw
via IFTTT

Economic prosperity is no longer the priority. Guess what happens next…

Recently I held a live Q&A Zoom call with my friend Peter Schiff, and several dozen members of our Total Access group.

And towards the end of the call, one of our members asked– what do you think the future looks like for the US, and the West in general?

Peter went off into one of his classic tirades about how the US dollar is doomed because of how much money the central bank is printing.

And while I generally share Peter’s dim view about the dollar (were it not for all the other world currencies that are being printed into oblivion), my answer was a bit different.

In deference to the 20th century Danish Proverb– “predictions are hard, especially about the future”– I do think it’s possible to look at major trends to at least have a sense of direction.

So if you want to understand where things are going, just take a look at everyone’s priorities.

Most governments’ Covid reponses are an obvious example.

The economic destruction they’ve created is staggering. Tens of millions of people unemployed, countless businesses gone bust, trillions of dollars of wealth wiped out.

In the first wave back in March, they shut down the economy to protect us from the virus. Then they opened up again… but– shocker– the virus was still there.

What a surprise! Shutting down the economy did not eradicate a virus.

So what did a lot of these people do when the second wave hit? They started shutting down the economy again.

It didn’t work the first time, so let’s keep trying the same approach and expect a different result. It’s genius!

This is clearly economically destructive. But again, economic prosperity is no longer the priority. All that matters is force-feeding people a false sense of safety.

Governor Andrew Cuomo of New York probably captured this mentality the best when he said back in May,

“We don’t want to lose any lives [to reopen the economy]. We’ll figure out the dollars, and we’ll figure out the economic impact, but we’ll protect people in the meantime, and we’ll protect their health.”

This is total BS. The sad reality is that lives are lost all the time in the normal course of economic activity.

In New York City, two workers died during the construction of Freedom Tower. Plus there were dozens of life-altering injuries, like spinal fractures and paralysis.

The government knew the tower’s construction would likely cost human lives. But they approved the construction permit regardless, because they knew the benefit would outweigh the human cost.

Similarly, over 100 people died constructing the Hoover Dam in the early 1930s. The government knew that people would die. But the benefit outweighed the cost.

Today there can be no discussion of cost or benefit. There is one priority, and it’s no longer economic prosperity.

But the shift in priorities doesn’t stop there.

Basic fiscal responsibility is no longer a priority– and it hasn’t been for a long time.

Most western governments were racking up enormous debts even before Covid started.

In the US, even during the economic boom of 2015-2018, the federal government added at least $1 trillion to the debt each year.

Now the debt growth is completely insane: the US Treasury Department expects to add $5-$6 trillion to the debt this calendar year.

(That’s more than the entire national debt as recently as 2001!)

And not to be outdone, the Federal Reserve has conjured trillions of dollars out of thin air since the start of Covid and slashed interest rates, once again, to zero.

Plus, there’s a good possibility they’ll make interest rates negative. Just imagine how much prosperity you’ll achieve once you have to start paying your bank just to save money.

Of course, all of these tactics– printing money, going deeper into debt, negative interest rates, paying people $600/week to stay home and NOT work– are destructive to economic prosperity.

Then we have the rise of the Bolsheviks… a growing chorus of politicians (and voters) who despise capitalism.

Like Seattle city councilwoman Kshama Sawant, who claimed she wants to overthrow “the racist, sexist, violent, utterly bankrupt system of capitalism” and replace it with “a socialist world.”

A few years ago this was a fringe view. Now it’s mainstream fever.

They want to get rid of capitalism– the system that created the most prosperous nation in the history of the world– and replace it with the same economic model as Cuba and the Soviet Union.

And Joe Biden, of course, unveiled his economic plan last month, built around ending “the era of shareholder capitalism.”

He wants the government (and Twitter mob) to set the priorities and stakeholders in your business, rather than the market.

This, again, is an obvious reflection of priorities. And economic prosperity is clearly not on the list.

Economic prosperity also takes a backseat to social justice.

Yes, most reasonable people probably agree that the mistreatment of minority groups should change. But that’s not an excuse to go on a violent rampage.

Yet whenever angry mobs take to the streets and destroy private property, the media elite and their political allies justify criminality as necessary to end systemic racism.

Meanwhile, universities have turned into hotbeds of progressive radicalism to perpetuate white fragility and the evils of capitalism.

Corporate America has also caved. You can’t even sell beans anymore without things turning political.

Countless people who are talented, productive, and made valuable contributions to their companies have been fired because they used the wrong words or expressed some intellectual dissent from the Twitter mob.

Firing a rock-star employee because of his/her personal (and non-controversial) views would ordinarily be considered completely stupid. But now it’s the norm… because economic prosperity is no longer the priority.

This trend is obvious: several powerful movements have gripped the world… and most of them are economically destructive.

So it’s not terribly difficult to see where things are headed.

Source

from Sovereign Man https://ift.tt/3ksocJQ
via IFTTT

Ignorance prevails again!

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, risks to your prosperity… and on occasion, inspiring poetic justice.

Yale Study tests the best Covid vaccine propaganda

Is guilt, self-interest, or anger the most effective way to convince people to get a Covid vaccine?

A Yale study will attempt to answer that question, by studying which message resonates most with the general population. It’s called Persuasive Messages for COVID-19 Vaccine Uptake.

There is no actual vaccine yet. But the study is already testing to see which method of propaganda will most effectively convince people to get a vaccine… whenever that happens to be.

The study will also measure how confident the propaganda makes people feel about a vaccine, and if it makes participants want to persuade others to take the vaccine.

Finally, researchers want to see if the propaganda produces fear in the unvaccinated, and how much social judgment it will cast on those who choose to remain unvaccinated.

Just in case you start to see a “spontaneous” groundswell of popular support for a brand new untested vaccine…

Click here to read about the study on clinicaltrials.gov.

Bed and Breakfast removes insensitive Norwegian flag

Being Norwegian is now racially insensitive.

At least that’s true for people who can’t tell the difference between the Norwegian and Confederate flag.

A bed and breakfast in Michigan calls itself the Nordic Pineapple. The owners used to hang a Norwegian flag out front (next to the American flag) to celebrate the heritage of co-founder Kjersten Offbecker.

But the red flag with a blue and white cross drew criticism from some guests, passers-by, and of course, the Twitter-mob.

The couple who owns the B&B says they received substantial hate mail, bad reviews, and angry phone calls from people who thought they were flying the Confederate flag of the former Confederate States of America during the Civil War.

They had originally tried to educate people that, in fact, THE NORWEGIAN FLAG IS NOT THE CONFEDERATE FLAG.

(Honestly– take a look. The Norwegian flag looks NOTHING like the confederate flag. You have to be totally blind to confuse the two.)

But they quickly realized that the Twitter mob has no mind (or soul) and is hence incapable of being educated.

Ignorance prevails again!

Click here to read the full story.

Scottish Hate Crime bill could outlaw the Bible and theater performances

The Catholic Church has expressed concern that the Bible could be outlawed under a section of a Scottish Hate Crime bill.

The legislation would make it illegal to possess “inflammatory material” which could “stir up hatred” of a person or group based on race, religion, sexual orientation, gender, and so on.

For instance, if a prosecutor decides that supporting typical gender roles constitutes “stirring up hatred,” the Bible could be considered “inflammatory material” for any number of relationships depicted– or the rules laid out in the Book of Leviticus.

The bill also specifically takes aim at theater performances, noting that portrayal of fictional characters does NOT exempt an actor or producer from liability.

An actor, director, or writer could be prosecuted under the law when an offense “is committed during a public performance of a play by a person who is a performer in the play.”

So if you’re an actor who plays a fictional bigot that uses racist language, you could be prosecuted under this law.

Of course this gives the government all the power it needs to ban essentially any book or play that they determine stirs up hatred.

This is yet another nail in the coffin for free speech and expression in the [formerly] civilized world.

Click here to read the full bill.

Illinois Lawmaker wants to ban history class for being racist

A State Representative from Illinois is leading a charge to abolish history classes and remove history books from public schools.

He says that these books and lessons currently teach a racist history which promotes systemic racism (similar to how future Nobel Prize laureate Colin Kaepernick called July 4th a “celebration of white supremacy”).

Until the books can be replaced with something that better indoctrinates– or, uh, teaches– kids about the history that the Marxist censors approve of, these classes should be replaced with classes that better promote today’s zeitgeist.

Click here to read the full story.

Colorado declaring racism a public health crisis

Colorado has declared racism a public health crisis.

That will allow the Department of Public Health to take funds that were earmarked for things like, you know, health, and divert those funds towards the eradication of systemic racism.

But don’t forget about all the glorious powers the state claimed to fight the Covid public health crisis…

Surely the Governor of Colorado has just as much power to end systemic racism.

For instance, if you can shut down restaurants for spreading Covid, you could shut down restaurants for spreading racism– or perhaps having too large a proportion of white patrons.

If you can force the sick to quarantine, you can detain anyone who says something you consider racist– like “All Lives Matter”– until they are cured.

Remember, one Colorado town even banned property owners from their own vacation properties in the name of Covid-19 safety.

Don’t support Black Lives Matter (i.e. the organization co-founded by– in their own words–  “trained Marxists” that has taken in hundreds of millions of dollars without a shred of financial transparency) ?

Well perhaps the town will restrict you from your property for this thought-crime.

Click here to read the full story.

Trader Joe’s backtracks: “we disagree that any of these labels are racist.”

Trader Joe’s decided that the store will not bow to a teenage girl’s petition we wrote about two weeks ago.

The Twitter mobsters demanded that Trader Joe’s change the culturally insensitive branding of certain products, like Trader Jose’s Beer, or Trader Ming’s Chinese Food.

Originally it appeared that Trader Joe’s would bow to the mob when the chain said that, although the brand names were “rooted in a lighthearted attempt at inclusiveness, we recognize that it may now have the opposite effect.”

But now, Trader Joe’s won’t change the names after all.

The store now disagrees that its labels are racist, and they will make decisions based on customers, not Twitter mobs.

“Recently we have heard from many customers reaffirming that these name variations are largely viewed in exactly the way they were intended­—as an attempt to have fun with our product marketing.”

Click here to read the full story.

Source

from Sovereign Man https://ift.tt/2XD7sWl
via IFTTT

This second passport comes with free university tuition

I’ve written a lot in the past that there are two lifelong benefits that parents can provide their children, practically from birth.

The first is the gift of a foreign language. Every kid is going to learn his/her parents’ native tongue. 

But giving a child constant exposure to a foreign language from a very young age will help them develop an additional native fluency that will last a lifetime.

It makes an enormous difference. My own Spanish fluency, for example, is quite strong. But there’s no mistaking that I’m a gringo who learned the language later in life. 

My friend Jim Rogers understands this very well. So when he moved to Singapore several years ago, he hired a Chinese governess whose sole responsibility was to speak Mandarin Chinese to his kids. 

They grew up speaking Chinese (and English too), and they’ll have that native fluency for the rest of their lives. It’s a huge advantage for them.

Another gift you can give your child is a second citizenship.

A second citizenship and passport gives them the ultimate insurance policy. At any point in their lives, they will always have an alternative place to live, work, study, and invest outside of their home country. It opens all sorts of doors, opportunities, and Plan Bs.

If you’re thinking about having children, you might want to consider going overseas to any number of countries that grant citizenship to any child born in their territory.

The legal concept is known as jus soli, or ‘right of the soil’. And this includes most of the western hemisphere.

So if you give birth in Canada, the US, Mexico, and pretty much the entirety of Latin America (including Chile, Brazil, Panama, Ecuador, Argentina, etc.) your kid under most circumstances will automatically have citizenship in that country. 

And that’s a citizenship they’ll have for life.

Another way to obtain citizenship for your kids, of course, is through ancestry. 

Your ancestors may have already given you this gift without you even knowing; citizenship through ancestry allows you to claim citizenship if you have ancestors from a wide range of places like Italy, Ireland, Poland, Spain, or Greece.

But if you’re not part of the lucky bloodline club, there is another way to give the gift of a second citizenship to your whole family… even if your kids are already grown.

Simply buy it.

These are called ‘Citizenship-by-Investment’ programs. And for larger families looking to acquire a second passport, the country of Antigua and Barbuda offers an amazing deal.

(Technical point: despite the way it sounds, ‘Antigua and Barbuda’ is one country, not two. It consists of two primary islands which are named… wait for it… Antigua, and Barbuda.)

As we have discussed recently, countries that depend on tourism are in rough shape from Covid-19. And they need ways to boost their tax revenue.

So a few months ago, Antigua and Barbuda introduced a program where an entire family of six can purchase citizenship for just $150,000.

Technically this is really a ‘citizenship by donation’. You’re not making a traditional investment where you fund a business or buy stock, generate a return, and recoup your capital down the road.

In this case, your donation goes to the country’s “University of the West Indies Fund”.

One really convenient aspect about Antigua and Barbuda’s Citizenship by Investment program is that the legislation is quite lenient regarding family members.

Under the program’s official rules, you can include children up to the age of 28 (as long as they are enrolled in university). You can also include dependent parents as young as 58 years old. 

With fees included, it comes to about $168,000 for a typical family. That breaks down to just $28,000 per person, which is peanuts for a second passport.

One added benefit: Antigua and Barbuda’s Citizenship-by-Investment passport comes with one year of free tuition for a member of the family at the University of the West Indies. 

You might be surprised to find out that UWI has attracted some incredibly prominent minds. Notable alumni include 1992 Nobel Prize laureate Derek Walcott, and 23 current and former prime ministers from around the region.

UWI’s alumni website also lists 71 Rhodes scholars who graduated from the university. And UWI consistently beats many larger, more prominent schools in the Times Higher Education’s annual world university rankings.

So, overall this is a highly competitive Citizenship-by-Investment program. And if you have a large family, including dependent parents and adult children, it’s definitely worth considering.

[Members of Sovereign Man Total Access: remember, your Total Access membership makes you eligible to acquire this passport at an even bigger discount that can easily amount to $15,000 to $20,000 or more.]

Source

from Sovereign Man https://ift.tt/3klVUk0
via IFTTT

4 countries welcoming the digital nomads during Covid

Life has taken an eerie turn for digital nomads as their favorite cities emptied of tourists and foreigners working remotely.

Tasha Prados arrived in Vietnam in late February, a few weeks before the country closed its borders.

On March 12, she received word that she had 10 days to request an evacuation to the US through her travel insurance.

Tasha opted to stay in Vietnam, and rent a house with five other digital nomads.

They hunkered down for what ended up being a much more mild lockdown compared to many places in the US and Europe.

Vietnam accomodated those digital nomads who stayed, by automatically extending visas.

Still, a large portion of digital nomads across the world likely went “home” as the pandemic hit– which for many meant moving back in with mom and dad or another family member.

Now as a second wave hits, and lockdowns are continued or reintroduced– including in Vietnam– many digital nomads are wondering when they can get back to their nomadic lifestyle.

And that same question is on the minds of a lot of governments who understand that digital nomads are valuable assets to local economies.

They come to a country and spend money on rent, food, restaurants, and entertainment.

They don’t take local jobs, and they don’t ask for anything in return except for good weather, a low cost of living, a vibrant cultural and/or nightlife scene, and decent internet.

Usually, digital nomads can stay in their chosen country for 30 or 90 days at a time, depending on the host country’s visa policy. But that’s generally just not enough. It takes time to set up your “new office” and become truly productive in a new country.

The Republic of Georgia was first to realize that, and back in 2015, it allowed citizens from this laundry list of countries to stay in Georgia for a full year, no questions asked.

As a result, safe, inexpensive, culturally rich Georgia has become a popular place for digital nomads.

(One of our own Sovereign Man team members is currently living and working in Georgia, and is already penning a Sovereign Man: Confidential alert about what he has learned after spending a few months there.)

Now, Georgia is reportedly rolling out a new type of visa aimed explicitly at attracting digital nomads.

But Georgia isn’t the only country looking to boost its economy by attracting mobile people– and their mobile incomes.

COVID-related travel bans dried up the flow of tourists, so other countries have realized that they, too, want productive digital nomads to come and stay.

Barbados was among the first to announce a “12-month Barbados Welcome Stamp”, allowing visitors to come to the country and work remotely for a full year in the Caribbean paradise.

Barbados does charge a $2,000 fee. But you won’t be liable for Barbados income taxes. Plus US citizens will likely qualify for the Foreign Earned Income Tax Exclusion, meaning the first $107,600 you earn abroad is tax free.

Another option: starting from August 1, Bermuda will let foreigners work remotely on the island for a full year, after paying a $263 fee.

However, you may want to think twice if you plan to save money. Bermuda offers a very civilized and safe environment, but the cost of living in Bermuda can be higher than in New York City.

If island life isn’t your thing, the European country of Estonia has long been known as a tech-friendly innovator. It offered its e-Residency program to anyone willing to run an Estonian-based business remotely.

However, the program did not offer the possibility to actually live in Estonia.

Now, Estonia has announced a new “Digital Nomad Visa” for remote workers, allowing them to stay and work in the country for a full year.

And while Estonia’s northern climate and cold Baltic sea aren’t so tropical, its Digital Nomad Visa can be an excellent opportunity to spend a year in Europe and explore the rest of the continent.

We expect a lot more countries – especially those with suffering tourism industries – to wake up to the realities of the 21st-century digital economy and to start rolling out similar offers.

Due to Covid, there are A LOT more people working from home, who have the freedom to pick up and move if they choose. And that could mean a huge wave of new digital nomads.

That’s pretty exciting. Digital Nomads have been voting with their feet for a long time, and rewarding the countries with the best policies and atmospheres.

Source

from Sovereign Man https://ift.tt/3a02mbR
via IFTTT

Mommy put us in time-out again

After a few weeks of freedom here in Puerto Rico where people could engage in dangerous, death-defying acts (like going to the gym), our all-knowing, all-powerful governor announced new lockdown rules late last week.

Or as I tell my friends, Mommy put us back in time-out.

This is not unique to Puerto Rico; several states and countries all over the world are imposing new waves of restrictions due to an uptick in Covid infections.

I find this all remarkable.

Several months ago when Covid was brand new, it was pretty scary. We knew nothing except that it was highly contagious and seemed deadly.

Politicians had to make hasty decisions with imperfect information in an extremely emotional environment… and it’s hard to begrudge them for that.

But it’s not March anymore. It’s August.

And they’ve had five months to gather their wits, summon their courage, and perform a rational cost/benefit analysis based on mountains of data that are now available.

CDC statistics, for example, show that 79.8% of Covid deaths are from retirees over the age of 65 who are no longer in the work force.

Yet politicians still want to prevent people in their prime working years from being able to work– ages 25-64, whose mortality rate is very low according to CDC data.

Most importantly, the CDC states that out of all ‘Covid deaths’, 94% were actually related to some other condition besides (or in addition to) the Coronavirus.

[O]n average, there were 2.6 additional conditions or causes per death” in addition to the Coronavirus.

For example, roughly 10% of patients aged 0-24 years who tested positive for the Coronavirus actually died due to poisoning, accident, or intentional injury.

Yet they’re still recorded as a ‘Covid death’.

This is not some wild conspiracy theory. The CDC posts this data on its public website for anyone who cares to look.

But you never hear about this in the media.

They’d rather fan the flames of panic and hysteria.

Just as soon as people start to feel a little bit comfortable again– BOOM– they shove some story in our faces about a healthy teenager who died of Covid… just to make sure we all stay afraid.

They forget to mention, of course, how extremely rare this is. The mortality rate for healthy people, and especially healthy young people, is absurdly low.

They also fail to mention that healthy young people even occasionally die of the flu.

In December, for example, a 16-year old girl from Ohio caught the flu. And yes, it was the flu, not Covid. She had influenza B. And she died.

This is extremely rare; the mortality rate for young people with influenza is negligible. But even still, it happens. Just like Covid.

Yet amazingly enough, they did not shut down the global economy because a 16-year old girl died of the flu.

Covid is different due to its asymptomatic transmission. And I’m not making light of its public health impact. It’s obviously a serious issue.

But my main point is that these politicians don’t make decisions based on a rational, data-driven cost/benefit analysis.

It’s just monkey see, monkey do nonsense.

If some governor in one state tightens restrictions, it’s politically safe and acceptable for another governor to follow along.

If everyone is doing it, the political consequences are pretty low… regardless of the economic consequences.

80% of Covid deaths are from people who are not actively contributing to economic production. And 94% of deaths are related to some other condition.

Yet their only solution is to shut down the economy and cost tens of trillions of dollars of prosperity… even though this ‘whack-a-mole’ approach has been ineffective at eliminating the virus.

Duh. You can’t just wait-out a virus. Even 7th grade biology students know that.

Meanwhile, US GDP is down 33%. In Europe it’s down 40%.

The Census Bureau reported that more than 100 million Americans went without a paycheck last week, and 30 million had to borrow money from friends and family to make it through the month.

Tens of millions are without work, countless businesses have gone under.

And the national debt is skyrocketing.

Just this morning, in fact, the US Treasury Department announced that it expects to borrow at least another $2 trillion between now and the end of December.

That will bring the total new additional debt for 2020 to more than $5 trillion. It’s staggering.

A banker friend of mine in Switzerland summed it up last week when he told me, “The more money they print and the more debt they borrow, the less anyone seems to care.”

He’s right. And that’s a pretty scary statement… because it means they’ll just keep piling up the destructive consequences without ever asking the difficult question: “Is it really worth it?”

Source

from Sovereign Man https://ift.tt/3gucSuq
via IFTTT

Some clear thinking on gold at its all-time high

For as long as I can remember, I’ve been a fan of Bruce Lee.

I was probably about four years old when I first watched one of his movies. And I was instantly hooked. The guy was legendary.

As a teenager, I learned more about how he lived, and I began to admire his tenacity, discipline, and relentless pursuit of self-improvement… qualities that I endeavored to attain.

I remain a fan to this day. In fact there’s even a Bruce Lee mural on the wall at our office in Chile.

So when I had the opportunity to purchase some of Bruce Lee’s artwork a few years ago– sketches that he drew with his own hand– I jumped at the chance.

It cost me around $8,000… but it was the best money I ever spent. I had it professionally framed and hung in my home, and it’s probably my most prized possession.

I doubt I’ll ever sell it. But it’s the only asset that I allow myself to be sentimental about.

In everything else related to money, I force myself to be unemotional. I don’t fall in love with prospective investments, nor do I have an emotional attachment to businesses that I own.

You hear this a lot with entrepreneurs, who often refer to their companies as ‘their baby’.

I don’t have that view. Bruce Lee aside, I’m willing to sell any asset for the right price… especially if someone is willing to pay far more than what I think it’s worth, or what it could be worth in the future.

And this brings me to gold.

The price of gold is now at an all-time high in nearly every major currency, including US dollars. On Friday, in fact, gold briefly passed $2,000 per ounce, and it’s still hovering near that figure now.

A lot of people have an emotional attachment to gold… a borderline fanaticism.

I don’t. I write about gold quite frequently. But I’m not a ‘gold bug’.

My views on gold are unemotional, grounded in a rational understanding of gold’s advantages, and the disadvantages of the financial system. I’ve written about this extensively.

But one important thing to understand about gold is that it can be very difficult to value.

I can much more easily value a business like Apple, or private company that I own. The analysis is never perfect, but I can project future cash flows and market-based asset prices, and derive an appropriate value for what an asset is worth.

But gold does not intrinsically generate cash flow like a business or rental property, so that analysis doesn’t work.

People often try to predict the price of gold by examining certain financial benchmarks.

For instance, in theory there are some loose relationships between the gold price and the money supply. But these relationships are far from perfect.

The previous peak for gold was in 2011 when it reached around $1900. The gold price then fell for more than four years, reaching a low of around $1,000 in December 2015.

Yet during that 4+ year period, the Federal Reserve’s balance sheet increased 70% from $2.6 trillion to $4.4 trillion, and M2 money supply in the US increased 30% from $9.5 trillion to 12.3 trillion.

Gold should have performed well from 2011 to 2015 given all the money the Fed was printing. Yet instead the gold price fell.

There’s another theory that gold prices increases because the dollar is weak. But this relationship is also far from perfect.

In the summer of 2018, I wrote note to our readers suggesting that it was a good time to buy gold, and that the price could double over the next few years.

At the time, the gold price was around $1200. But the ‘Dollar Index,’ i.e. the standard financial benchmark for the US dollar’s relative strength, was around 94.

Today gold is at a record high– up more than 60% since I wrote that article. Yet the dollar index is almost exactly the same– 93.8.

But if the theory is true, the gold price should be the same as it was in summer of 2016.

Finally, there’s a theory that the gold price is correlated with ‘real interest rates’, i.e. the rate of interest after adjusting for inflation.

This relationship is also far from perfect; real interest rates in 2011 and 2012, for example, were negative. Yet the gold price was falling.

Real rates in 2017 were rising. But the gold price was also rising. So this theory is also flawed.

The bottom line is that there’s no magic formula to tell us what the gold price should be. Dollar weakness, real rates, and money supply are all useful indicators. But they’re not predictors.

It’s fair to say, for example, that gold is still undervalued right now relative to recent growth in the Feds balance sheet.

Or that, over very long periods of time as central bankers print money and create inflation, gold tends to keep up.

After all, gold has a 5,000 year track record of holding its value against inflation.

In the short-term, however, the biggest driver of gold prices ironically seems to be emotion… specifically negative emotions like fear and mistrust.

Few people buy gold because they’re happy. Some forward-thinking central banks and investors may buy gold when it’s cheap because they understand its value and potential.

But for the most part, the price rises when people lose confidence in the financial system, in their government, in their central bankers, or in each other.

And that’s what we’re seeing now.

Nearly every government around the world looks incompetent and heavy-handed against the Coronavirus.

Central bankers seem desperate.

Banks are sitting on trillions of dollars of losses, while regulators have actually asked the public ‘please do not withdraw your money.’

And social cohesion has practically collapsed. People are ripping each other apart over masks, social justice, political views, and just about everything else.

It’s hard to have trust and confidence at a time like this. And that’s been a key driver of the gold price.

If you own gold, congratulations. You’ve done well. But don’t be emotional about it.

A record high milestone like this is a good time to check your outlook; be rational and determine whether you want to buy, sell, or hold at this level.

Being rational means being able to see all sides of an issue.

You could easily make a strong case that the fear, uncertainty, and desperation could continue for quite some time. And that, long-term, gold continues to make sense.

You could also make a case that, given how quickly gold has risen in price, a short-term correction may be in order. Or that some of the fear subsides if a Covid vaccine is produced.

Remember that great quote from F. Scott Fitzgerald– “The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function.”

Source

from Sovereign Man https://ift.tt/3kafW0K
via IFTTT

You can now be fined, jailed, and assaulted for not wearing a mask

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, risks to your prosperity… and on occasion, inspiring poetic justice.

Governors proclaim chicken wings are not a meal

The pandemic has made Governors so power hungry that they are now telling restaurants what counts as a meal.

States like California and New York are forcing restaurants and bars to only serve alcohol with meals.

That prompted some establishments to add special menu items so that patrons who just wanted a drink didn’t have to order an entire meal.

But now that tactic has caught the eye of Comrade-Governors Newsom and Cuomo.

They have decided that not only is it within their power to tell restaurants if they are allowed to serve drinks and food, but these Governors also claim the power to dictate what counts as a meal.

The dictator of California officially decreed that buffalo chicken wings are not a meal.

Nor are reheated frozen entrees, “pizza bites (as opposed to a pizza)”, or “any small portion of a dish that may constitute a main course when it is not served in a full portion or when it is intended for sharing in small portions.”

And the dictator of New York said the food available has to be “More than just hors d’oeuvres, chicken wings, you had to have some substantive food. The lowest level of substantive food were sandwiches.”

There you have it, sandwiches are a meal, chicken wings are not. So says the politburo.

Click here to read the full story.

A&E loses half its viewers after canceling “Live PD”

Amid calls for police accountability, A&E canceled its reality TV show “Live PD” to try to appease the Twitter mob.

Does this seem counterintuitive to you? It does to me. Following cops around with a camera seems like it would INCREASE police accountability.

But A&E seems to think that if they stop filming the police, then transparency and accountability will improve. In other news, 2+2 = 5.

But it turns out bowing to the Twitter mob isn’t necessarily good for business.

A&E’s total prime time viewership dropped by over 50% in the week after the show was cancelled.

And the channel has hardly recovered since then. Compared to this time last year, A&E has suffered a 36% total decline in viewers.

“Live PD” and its spin-offs were by far the most successful shows on A&E and sometimes made up 85% of its programming.

The shows brought in almost $300 million last year in advertising revenue.

Oops.

Click here to read the full story.

California State Universities now require Social Justice course

The California State University system is adding its first new general education requirement in 40 years.

Students at all 23 college campuses will now be required to take a class on either social justice, or ethnic studies.

But this new requirement was met with ANGER by the California Faculty Association.

They said it was “deplorable and disrespectful” that this requirement was passed without the consultation of CSU Council of Ethnic Studies.

And they were disappointed that the new rule didn’t go far enough, because some of the classes that fulfill the requirement are not closely enough related to ethnic studies.

This is a great reason to absolutely NEVER try to appease the Twitter mob– they won’t be satisfied, they will always want more. And YOU might even become a target for being the wrong kind of woke.

But this is a great way to truly mark the point where a college degree becomes worthless (especially when you are paying full tuition for online classes).

Click here to read the full story.

Woman pepper-sprays couple for not wearing masks during picnic

A couple went to a San Diego park to have lunch.

They set up their picnic, properly socially distanced from other park-goers, and removed their masks to eat.

That’s when they began being harassed by an older woman. She flipped them off, and yelled obscenities about them not wearing masks in public.

Then this woman walked up to the picnicking couple and pepper sprayed them.

It was all caught on camera by another person at the park. As the culprit walked off, she claimed she was defending herself… against people in an outdoor park, minding their own business, eating lunch.

So now, because of the Covid hysteria, people think it’s “defense” to physically attack strangers for not wearing a mask. That’s where we are as a society.

Click here to read the full story.

Indiana Executive Order carries 6 months in jail for no mask

First it was individual towns threatening jail time over not wearing masks.

Now the entire state of Indiana will force residents to wear masks anytime they are in public, with the threat of jail hanging over anyone who does not comply.

The Governor of Indiana thinks six months in jail is appropriate for people who don’t wear a mask in public.

But he said, “We are going to continue to try to appeal to Hoosiers to do the right thing… mask police will not be patrolling Hoosier streets.”

So then what’s that six months in jail for?

Click here to read the full story.

… but Mask Police WILL be patrolling Miami streets

The mask police have formed a 39-officer-strong unit in Miami to look for violators showing their dirty faces in public.

Anyone caught without a mask will be charged $50 for a first offense, then $100.

A third offense comes with a $500 fine, and arrest.

Click here to read the full story.

… yet somehow Federal employees are exempt from wearing masks

You can now be fined $1,000 in Washington DC for not wearing a mask in public.

But the Mayor exempted lawmakers, judges, and federal employees from the order. So apparently federal employees are unable to spread the virus?

That must be why the laws only apply to peasants like us, not to the important people making and enforcing the laws.

Click here to read the full story.

Source

from Sovereign Man https://ift.tt/2D916ad
via IFTTT

And suddenly your passport is worthless

Imagine being a seventeen year old, travelling internationally, all by yourself.

It’s scary, but exciting– all the more so because you have been accepted to Harvard University.

You’ve worked your tail off for years, all culminating in this amazing opportunity for an education at one of the top schools in the world.

And so, after an exhilarating summer travel adventure around the world, you hop a plane to the US where you’re set to start classes in a few days.

All you have to do is clear customs and have your passport stamped by a US immigration official.

No problem, right? After all, Harvard students don’t exactly fit the demographic of who might be “randomly” selected for more scrutiny at a US border crossing.

But that changes if you are a Palestinian national living in Lebanon.

Ismail Ajjawi already had his student-visa ready when he landed in Boston last August.

But Customs agents weren’t satisfied. They grilled him about his religious practices, and asked to see his phone and social media.

Ismail couldn’t say no or else he could be rejected from entering the country. So he handed over his digital life to be examined by border agents.

And those agents didn’t like what they saw.

Ismail’s friends were sharing political points of view that America– or at least one American immigration official– found objectionable.

Ismail himself had not shared, liked, or commented on these “objectionable” posts.

But regardless, Customs canceled Ismail’s visa, and deported him back to Lebanon.

Goodbye America. Goodbye Harvard education.

Hello the arbitrary and Byzatine process of crossing an American border.

It’s not hard to find horror story after horror story from people trying to deal with US customs.

You spend all this time and money to get everything in order, buy a ticket, and any random border agent can reject you for any reason.

US citizens, on the other hand, have long enjoyed one of the best travel documents in the world.

With a US passport you could enter 157 countries without having to even apply for a visa. Rarely did any US citizen get deported at a foreign border crossing.

But that has changed.

Now the US passport is practically worthless because of Covid-19 travel restrictions.

For example, the European Union remains closed to US citizens. But that ban doesn’t apply to Canadian, Chinese, or Uruguayan nationals to name a few examples.

US passport holders are down to being allowed access to only about three dozen countries.

Compared to before the pandemic, it is like having a passport from Haiti, Tunisia, or Botswana.

Sure, the US passport may regain all its clout and privilege after the pandemic.

Then again it might not.

Certain temporary emergency measures might become permanent.

Just think about all the new security features to travel after the attacks of September 11, 2001.

The TSA (Transportation Security Administration) and DHS (Department of Homeland Security) were born.

Screening procedures intensified. Agents could now feel you up and down. Then came naked body scanners and the Real ID requirement.

The ratchet effect makes it easy to lose your freedoms, but a lot harder to regain them.

It’s easy to imagine that many Covid restrictions will remain. And that if your passport is on a list of ‘unsafe countries’, you’ll need to apply for a visa before you can travel.

The good news is, you don’t have to be stuck with any passport simply by accident of birth. You can obtain a second (or third, fourth, and fifth passport should you desire).

There are four main ways to obtain a second passport:  through ancestry, naturalization, “flexibility” (like marriage, adoption, or even converting to Judaism), or investment.

The citizenship by investment option allows you to become a citizen of another country by buying property, investing in a business, or giving a direct donation to a country’s development fund.

It is the quickest option for acquiring a second passport, but also the most expensive.

But with tourism essentially halted, Carribean countries are desperate for revenue. So they are lowering their prices on purchasing a passport.

St. Lucia has become one of the cheapest in the world for single applicants because of the new Covid discounts.

You can now buy a $250,000 bond from St. Lucia which will be paid back (without interest) after five years.

That means after the bond is returned, you could buy citizenship for as little as the cost of the filing fee– about $40,000.

Antigua and Barbuda (which has a similar program) has also cut its fees through October 31, 2020 making it the cheapest option for a whole family looking to buy citizenship.

[And members of our inner circle, Sovereign Man Total Access, are able to acquire these passports even cheaper thanks to a special arrangement in two Carribean nations. The savings can easily amount to $15,000 to $20,000 or more.]

But are these passports really better than a US passport?

Right now, yes.

St. Lucians can travel to Japan, for instance. But if you only have a US passport, you’re banned.

St. Lucians are also currently allowed into the UK with no requirements to quarantine– US citizens have to isolate for two weeks.

In the future, who knows. But these tiny Carribean island nations at least won’t be giant targets, caught up in diplomatic retaliation from trade or immigration wars.

US citizens, on the other hand, could easily see increased restrictions due to diplomatic tensions with other countries.

In other words, nobody has a bone to pick with a St. Lucian. And no one is ever going to hijack an airplane and threaten to start killing St. Lucians.

And with a St. Lucian passport–or any second citizenship– you always have at least one other option for where you can travel away from your homeland.

That means another option to live, work, invest, or hunker down for a global pandemic… or whatever comes next.

Source

from Sovereign Man https://ift.tt/33alLWf
via IFTTT