Prioritizing Your Exit Plan
An increasing number of people are coming to the conclusion that their home countries (particularly the US, EU and Canada) are in decline. More and more, such people are deciding to seek greener pastures elsewhere in the world.
Many of them have never “left home” before and are very unsure of how they should prioritize an exit.
Since International Man feature writer Jeff Thomas has for decades been advising those expatriating, we’ve asked him to weigh in on the topic.
International Man: If you could tell those who are planning to expatriate only one thing, what would it be?
Jeff Thomas: There are two primary priorities. Everything else would fall under sub-headings. The number one concern would be, “Get your money out.” I can’t stress that strongly enough. The number two concern would be, “Get yourself out.”
International Man: Investment advisors often suggest that investors salt away a portion of their wealth in another country – say, 10%. Is that sufficient?
Jeff Thomas: That would be prudent in times of prosperity; however, when your home country is heading toward a cliff economically, politically and socially, you’d be wise to put a very different number on it.
Imagine that you live in a large motorhome. It has, within it, all your possessions. The weatherman on television says that a massive tornado is headed directly for where you live and will arrive in twenty-four hours.
Would you load up the motorhome with only a few possessions, take 10% of your money from your home safe and drive to a safer neighbourhood? Or would you say, “I don’t want to save a portion of what I own. I want to save everything I own.” If you were to decide the latter, you’d pack up the motorhome and drive as far as you had to, to escape the storm.
Well, a major crisis like the one we’re heading into is much the same. Your bank accounts are at risk, because the banks now have the legal right to confiscate your deposits.
Your pension is at risk, because laws have been passed to allow governments to require that they be invested in Treasuries. Any precious metals you may have are at risk, because the last time an economic calami
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