On October 26, 2001, little more than a month following the 9/11 terror attacks, an assault on Americans occurred that dwarfed the tragedy perpetrated by Osama bin Laden. It was the passage by Congress and the Bush Administration of the USA PATRIOT Act.
In true Orwellian doublespeak, the official name of the act is, “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act.”
This law, which purports to “unite and strengthen,” divided and weakened. It demolished two-centuries-old legal barriers that had been erected by the Founding Fathers to safeguard individuals from random search, seizure and incarceration by law enforcement and intelligence agencies.In true Orwellian doublespeak, the official name of the act is, “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act.”
Among its draconian provisions, the PATRIOT Act dramatically reduced restrictions on law enforcement agencies' ability to search telephone and e-mail communications, as well as medical, financial, and other records... eased restrictions on foreign intelligence gathering within the United States... expanded the Treasury Secretary’s authority to regulate financial transactions... and effectively eliminated the need for judicial approval of wiretaps and secret searches by government agents. Moreover, it blocked individuals from seeking redress in the courts.
And the Gutting of Liberty Continues...
In 2001, the Act passed by wide margins in both houses of Congress and was supported by members of both the Republican and Democratic parties. So it comes as no surprise that earlier this week both the House of Representatives and the Senate voted to extend three expiring PATRIOT Act provisions that grant the U.S. government these sweeping surveillance powers.
I encourage you to read Bob Bauman’s most recent Sovereign Investorarticle for additional government incursions on our civil liberties.
Clearly, our personal privacy is being outlawed. Only time and circumstance now stand between the remnants of a free society that was dreamed of by the Founders, and the brutality of a police state.
All this leaves me frustrated and longing for the benefits of living in a country where individual privacy is taken for granted and where the collection of taxes and regulation of private activity has not evolved into the central pursuit of the state.
As Americans, we are left with only one course of action; the course on which The Sovereign Society was founded. That is, to search out and employ every tool we can find to live our lives as sovereign individuals.
I encourage you to read Bob Bauman’s most recent Sovereign Investorarticle for additional government incursions on our civil liberties.
Clearly, our personal privacy is being outlawed. Only time and circumstance now stand between the remnants of a free society that was dreamed of by the Founders, and the brutality of a police state.
All this leaves me frustrated and longing for the benefits of living in a country where individual privacy is taken for granted and where the collection of taxes and regulation of private activity has not evolved into the central pursuit of the state.
As Americans, we are left with only one course of action; the course on which The Sovereign Society was founded. That is, to search out and employ every tool we can find to live our lives as sovereign individuals.
Global Caching: Your Insurance Against Big Brother
Many years ago on a on a trip to northern Alaska I met a grizzled old fur trapper who told me that he would travel alone for days during the winter tending some 20 miles of trap lines. “But,” I asked, “Weren’t you completely at risk of being stranded by storms?”
“Not a problem,” he winked, “I’m insured.”
“Insured?”
Then he explained that every mile or so, he’d bury a cache of survival supplies, like matches, fuel and food. These essentials held him for a few days whenever he was snowed in.
A cache of supplies is a primitive but effective form of insurance. In exactly the same sense, the strategies of second citizenships, offshore trusts, foreign bank accounts and international asset diversification are global caches that sovereign individuals can use to self-insure against the ever-increasing threat of both political and economic storms.
Sovereign Society experts go to great lengths to bring you the latest self-insurance strategies to deal with the risks of high taxes, travel restrictions, regulatory changes, asset seizures and lawsuits.
The key to effectively using these modern forms of self insurance isdiversification against all the risks:
Citizenship in a country that: 1) offers a non-controversial passport providing a wide network of visa-free travel and residential possibilities, and 2) does not tax its citizens based on their nationality. A U.S. passport, unfortunately, does not qualify under either criterion.
A business in a country that offers low taxes, protection of property from arbitrary confiscation and a predictable legal environment. Increasingly, the United States does not qualify on this criterion either.
Legal residence in a safe, secure country with low or non-existent income taxes. The United States definitely does not qualify here.
Assets placed in jurisdictions with strict bank secrecy laws and where frivolous lawsuits are dismissed out of hand (certainly not characteristics of U.S. laws).
Spending time in countries where you feel most at “home” or where you have the most fun, but not staying long enough to become subject to confiscatory taxes or unnecessary regulation.
“Not a problem,” he winked, “I’m insured.”
“Insured?”
Then he explained that every mile or so, he’d bury a cache of survival supplies, like matches, fuel and food. These essentials held him for a few days whenever he was snowed in.
A cache of supplies is a primitive but effective form of insurance. In exactly the same sense, the strategies of second citizenships, offshore trusts, foreign bank accounts and international asset diversification are global caches that sovereign individuals can use to self-insure against the ever-increasing threat of both political and economic storms.
Sovereign Society experts go to great lengths to bring you the latest self-insurance strategies to deal with the risks of high taxes, travel restrictions, regulatory changes, asset seizures and lawsuits.
The key to effectively using these modern forms of self insurance isdiversification against all the risks:
Citizenship in a country that: 1) offers a non-controversial passport providing a wide network of visa-free travel and residential possibilities, and 2) does not tax its citizens based on their nationality. A U.S. passport, unfortunately, does not qualify under either criterion.
A business in a country that offers low taxes, protection of property from arbitrary confiscation and a predictable legal environment. Increasingly, the United States does not qualify on this criterion either.
Legal residence in a safe, secure country with low or non-existent income taxes. The United States definitely does not qualify here.
Assets placed in jurisdictions with strict bank secrecy laws and where frivolous lawsuits are dismissed out of hand (certainly not characteristics of U.S. laws).
Spending time in countries where you feel most at “home” or where you have the most fun, but not staying long enough to become subject to confiscatory taxes or unnecessary regulation.
Review These Ideas Regularly
Following this strategy, you’re doing more than just developing a global cache of supplies. You’re creating a global citizenship, investment, residency and asset protection strategy with benefits that will last a lifetime.
To the individual, acquiring a second passport, legal residency in another country, establishing a global investment portfolio, and forming a business in a friendly, tax-advantaged jurisdiction are all elements in the construction of a sovereign life.
Think of them as “insurance policies” that can pay their own premiums, and be there, like the trapper’s cache, if and when political and economic storms arrive.
The Orwellian world of 1984 is nigh, dear friend. Take appropriate precautions before it’s too late.
To the individual, acquiring a second passport, legal residency in another country, establishing a global investment portfolio, and forming a business in a friendly, tax-advantaged jurisdiction are all elements in the construction of a sovereign life.
Think of them as “insurance policies” that can pay their own premiums, and be there, like the trapper’s cache, if and when political and economic storms arrive.
The Orwellian world of 1984 is nigh, dear friend. Take appropriate precautions before it’s too late.
Stay sovereign...
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