The 7 New Safe Havens to Live, Invest, and Escape the USA

ladies and gentlemen please welcome Andrew Henderson editor-at-large of the Nomad capitalists report at nomad capitalists calm and the host of passport to freedom I'm Andrew Henderson I run a little site called Nomad capitalists we're going to talk this weekend about a lot of the ways you can improve your freedom your opportunities in life your lifestyle by looking beyond your own borders I want to talk to you about that and share the concept of five magic words I've learned ever since my first journey really overseas when I was 8 years old share with you ways you can improve your freedom we have coming up here in a little while Bobby Casey who was kind enough to fly in from Latvia he travels a lot just as I do and he has a lot to talk about about building a financial fortress so in the interest of moving things along normally I like to speak from here but I hope you don't mind I made a few notes just to keep things moving because having been to so many places in the last six months I have a lot on my mind if I don't keep it on track Bobby ain't getting out here till midnight so we'll try and keep it on a fast pace in the last six months I've been to now about 12 or 13 countries after we're done here I'll be in Eastern and Central Europe about 1518 countries before the summer I believe that history is a great guide Travel is a great teacher you talk to so many people in this country and other countries who feel so constrained by the borders whether they're two or three or four that surround their country they feel like this is the only place they can be they feel that they've been raised their entire lives to think this is the only place to live to work to bank to save your money to invest and one thing you learn by visiting all these places by going there is you realize the three different concepts that you can improve in your own life your sense of freedom first of all your sense of opportunities making money protecting your money your lifestyle whether it comes to living the cost of living friends you make relationships you realize just how similar so many places are you go to 12 countries 13 countries over the course of six months and stay in hotel rooms apartments they all start look the same you know you're a perpetual traveler when you wake up as I have a couple times at 2:00 in the morning and you look around and ask yourself am I in Cambodia or Myanmar but you also realize the world isn't all that bad I talked to so many people who say I would never go to Malaysia I couldn't I couldn't could imagine going there and I can't believe you're alive I they didn't kidnap you and throw you in the back of a van you learned that really any place in my opinion can solve some of the most basic problems I've I was the guy who always wanted to be in business at 12 years old I'm gonna talk about how this weekend is about transformation and my own transformation ever since I learned the five magic words we're going to talk about but I believe that by looking to other places you can solve these problems I know that being 12 years old being the guy who reads Jim Rogers and Bill Gates and Donald Trump books always a hit at high school parties but you go other places and you see well maybe maybe people think more the way I do maybe people are more open to the idea that we don't have to be slaves to geography I say on the radio show that we do and here to you hello traders because in today's Western environment in today's United States today's bankrupt Western countries so many people want to tell you that just by being here you are a traitor that you're not patriotic I think idea that you would look beyond a set of lines on a map that the fact that you were born on some patch of dirt that was created by politicians and run by politicians the fact that you look beyond that for whatever it is that you need is traitorous but the reality is that many of us here grew up in very patriotic upbringing Zhai like many of you was born in the United States I was born in Ohio I remember summers driving with my family through Central Ohio the corn country knee-high by fourth of July and living this all-american upbringing with fireworks and apple pie and running around in the backyard being a family I grew up with a family that was political it was entrepreneurial that taught me the values of success they taught me that you're responsible for your own success a concept it's largely gone now in this country they taught me how to work hard and take responsibility for what you do it endear to me the concept that those of us all of us here who have accomplished something who have built businesses who have created wealth who now have questions that we need to answer because we're afraid that a government will come in and change the rules or penalize us because it's in vogue to punish success where we realize that our success was not because of that government or because of a society because of a collective we realize that our success is because of our hard work because we took responsibility for our own success and for our own actions the government wants you to believe that they are the ones responsible so that they can take your money and we're going to talk about that this weekend I said I wanted to talk about a transformation one in my own life as I've gone through being a child to building businesses and now being a perpetual traveler going around the world and seeing just how things work realizing that there's no perfect place realizing that the idea that one place is the end-all be-all is is not true there are certain places better than other things I've witnessed though the transformation we've all seen it in our lives of going back each generation in this country in the United States and each generation you go back you see your family and your ancestors who believed that this was the shining city on the hill they called you in the United States America because it was a place where you could come and create whatever it is you wanted my family came here four generations ago from England and Scotland and Norway Lithuania not because they were desperate or desolate where they lived but because they believed in the ideals of this thing called America not geography but ideals that told them they could be rewarded more than any place else that they had a greater shot to leave a legacy to their family and create something that not only built themselves up but built up the communities around them you go back through the generations my my grandmother would tell me about her father who was the Speaker of the House of Representatives in Ohio and she would talk about how these are back in the days when the Republican card party caucus tin a phone booth but they were still fighting for this value called America each generation though our society has put less and less importance on that concept and more importance on the geography and the idea that we're born on a plantation that we have to be accountable to the people who run it this weekend is not about just hearing about the offshore trusts about offshore banking where to store your gold what's the best metals to buy it's about fundamentally the idea that we can transform ourselves we can break through from these shackles that the people who run this country or any other country want to impose on us you go around the world and you see how this has happened you see the countries that have fallen on the ash heap of history the lessons not learned by people united states in Western Europe and all of the bankrupt countries that they they think the party will never end and that they can merely legislate themselves into success so I want to share with you five magic words in a moment that I've learned that if nothing else we take away from this transformative weekend that you can use these five magic words to empower yourself my own transformation began I told you I've always wanted to be in business I was 19 years old and I started of all things a radio business everyone said radio is dead I've always been a little bit of a contrarian but people says you'll never make money being in radio now certainly not with bad AM radio stations that nobody listens to and I made a go of it a couple years later I was I think twenty-one years old I had finally began to achieve some success I had a first six-figure income earning year and remember I was so excited that I started put aside all the libertarian political philosophies that I had really espouse when I was a kid I said all along it's just the real world now you can't be worried about politics or governments or things like that I'm here I'm making money I have to make the best of it I remember I remember I had a I was so excited about it I made a spreadsheet and I had every dollar that I made on one side and just kind of counted it down and I on the other side it was different deductions and I had this formula for 40 cents I'm sending money off with Glee to the IRS and I remember my accountant telling me you're a madman but I was so excited just to achieve his success it all went away but as time went on I started traveling more the way I had as a as a kid started going abroad to countries in Asia and Europe and seeing things and making observations why is it over here I'm they're making 3% higher interest on their savings and I'm getting crushed I'm working so hard to save money and do the responsible thing and I'm not getting what these people are getting how come over here they have this different kind of medical care how come over here things work differently they have more freedom for the police leave people alone I realized that the idea that we should stay and just give in to whatever the government in society told us we should was not the way to live and I began to to investigate I started thinking back when I was 8 years old as I said the first time I really left the country my parents and I there were three of us at the time we went to Europe I remember one day we got off his cruise ship in Lisbon Portugal we were walking I can still remember it under an arch that must have been a thousand years old beautiful stonework our tour guide looked at us and said you guys are Americans aren't you we said how how did you know that he took one look at us with a straight face and said I your shoes only Americans wear shoes like that it's interesting that ever since I started picking up my own shoes I even Americans don't really think I'm an American but it told us a very interesting story he said you know what's interesting you guys come from a place by the Cleveland Clinic a lot of a mirror out of people here in Portugal the government leaders business leaders they're going on a plane and they're going to the Cleveland Clinic they're going to the United States why because they can't get the health care they need here our system is broken it is inefficient it is dead the government said they would take care of it they said oh just put us in control just please don't go anywhere else allow us to run everything and you'll have perfect care and what happened people realized they couldn't get what they needed in they had to go somewhere else they'd to pick up their things maybe they like living in Portugal maybe they liked everything else maybe they were even willing to pay the taxes but the system had failed them it brought me back as I thought about this years later I remembered the story here I was I'd lost my way and in understanding this concept I thought back and I came up with five magic words ever since i've have guided me the places understand these five magic words i believe the ones that will become the new safe havens i want to share with you in a few moments they're the places that understand human nature the nature of capital they don't try and fight reality they try and embrace it five words that people will go where you're treated best and so no mad capitalist is the concept that you can diversify yourself anywhere around the world that you can live one place where the theme of this event is fight or flight people many of you here may say I don't want to leave the United States I have a family I have a business I have a home I have a dog pool in the backyard whatever the case may be I want to stay here but I don't trust our government to protect my money I'm afraid that I see places like Vietnam and India taking people's gold or making it impossible to to buy it you see places like Cyprus stealing money from people's bank accounts you see places like Argentina inflating the currency into oblivion you say maybe that will happen here after all there's no magic pixie dust that that comes across any country whether it's this one or any other so the idea of a nomad capitalist isn't that you have to go out and be a perpetual traveller that you have to go to 31 countries in a year the idea is that when you look at a place like the Mongolian steppe one of the last places on earth where there are nomads who live out in tents in this desolate conditions you see these nomads and how they've always lived is different than all of us they have no permanent home but they go where the food is where the conditions are best when the conditions are no longer best they pick up what they're doing and they move elsewhere they follow the best opportunities they go where they're treated best five magic words I believe as I talked about the transformation we can each make a transformation by making small changes in our lives to simply go where we're treated best to simply take advantage of some of the materials that were going to learn today and this whole this weekend when I was in business I watched a lot of sales and motivational speakers you watch Tony Robbins for example he talks about a friend of his as a plastic surgeon who talks about the distance between the bottom of your nose and the top of your lip and the idea of human Beauty what everyone believes is beautiful the difference between one millimeter being the difference between what is considered beautiful and what's considered average you have another millimeter to that distance and you go from what's considered average to what's considered hideous the changes that we can make in our own lives to enhance our freedom to enhance the opportunities we have our oftentimes very small you look at a guy like Brian Tracy he's a motivational speaker he talks about the idea of increasing your productivity 1/10 of 1% every day just 1/10 of 1% I was in Vietnam earlier this summer I talked to a guy who started this phenomenally successful business he moved from the United States to Vietnam to start a garbage company I loved unsexy businesses like garbage companies they're often the most profitable you go to places like China where people are becoming phenomenally successful and you see that often times fortunes are made through these unsexy businesses but here's a guy in Vietnam we started a garbage company and here's how he became phenomenally successful he simply took the current garbage routes that people were driving in Ho Chi Minh City in Hanoi and he tweaked them a little bit to decrease fuel to increase productivity it was that simple he made small changes that made phenomenal impacts on the profitability of his company in his competition the same thing Brian Tracy talks about the concept of making these small changes today it's 1/10 of 1% tomorrow the same 1/10 of 1% the next day again and again and again every day is making a small change to increase your productivity and over the course of one year that 10% each day adds up to 26 and so you're talking about your income your productivity whatever it may be that's a big improvement you keep doing everyday you getting a habit of increasing what you're doing 1/10 of 1% and after 10 years you've increased what you're doing tenfold 1000% I look at places around the world and I see places that are doing this the right way and doing it the wrong way you look at countries like the Republic of Georgia I was talking to someone just last night at our dinner up on the strip talking about what they're doing in the Republic of Georgia how they went from 21 taxes to 6 countries like Singapore that said 50 years ago we were not much of anything but we want to become the wealthiest country in the world what's the plan to do it well let's get rid of regulations let's get rid of all the things that drive people away after all we know five magic words that people want to go where you're treated best the countries that take those 10% improvements over time they they fix the things that don't work and that tracks people they're the ones that are growing and they're the ones that are the new safe havens then there are the other countries the countries like the United States like many of those in the Western world who have said well let's just add a small regulation here it's pretty reasonable we hope you'll abide by it or hey let's just impose a small tax so a small sales tax over here let's tax cigarettes oh this over here it's for the children so it's only natural that would be normal everything is so reasonable it's 1/10 of 1% at a time it's the the frog in the boiling pot of water and over time you take that 10 4 percent here and here and here and here and it all starts to add up and over time what you see is what we've seen in the last 10 years you see the NSA is reading your emails the IRS wants to force you to testify against yourself because you dared to put some money you'll run another country because you live there or want to invest there or maybe just because they treat you better we've seen the things that happened in the last 10 years and we wonder what's happening the next 10 years because we see the acceleration of these 1/10 of 1% changes then they get involved and start making the big and all adds up over time the question is will we find more freedom by finding the places that are making the small changes in the right direction or will we stay at a place but the changes are going in the wrong direction I told you I grew up in Ohio I remember I'd spend summers with my grandmother we'd go down for the weekend and every days when she'd cook dinner and I would sit in the living room and page through old magazines she had National Geographic magazines from the 60s the 70s many the pages were kind of dog eared or real crinkly but here I was 7 8 9 years old looking through these magazines looking at pictures like things of people in the jungles of Africa who would burn different patterns on their body or they elongate certain parts of their face or they would do other things and you look at it you'd say huh this is so uncivilized this is no way that we live here look at these people they're in the jungles they're savages people have said that for hundreds of years Western explorers have gone to places like the New World the West Indies Southeast Asia India and they've gone there they said these people they don't live the way we do they don't do things the way we do they have different customs they must be savages we need to civilize them the word civilization is something that is used in countries like this is a tool that they can keep you from complan this five magic words of going where you're treated best all because the government looks at other places and they say oh well if you want to go to this place they're not very civilized after all Oliver Wendell Holmes was a Supreme Court justice he said taxes are the price they pay for civilization if you never win anywhere else you might think that you might say please how do i how do i line up to pay more taxes you might agree with Warren Buffett and say we'd start running a big check and sending it in because if we didn't we wouldn't be civilized there'd be there'd be nothing for us we'd just be savages we'd be like the people in in medieval times who believed the earth was flat and they said oh we're if you go the wrong direction in the ocean trying to find the new world you might just fall off the earth into a pit of dragons you have to ask yourself for the countries that are calling everyone else so uncivilized today the new pit of dragons I go to places like Singapore I was there about six weeks ago tour dink Pearson is here tomorrow he and I sat on the Singapore River in had a $20 drink I actually I think set the record for drinks in Singapore when I had a $74 single drink last April on Collier Key but they would tell you that if you went to Singapore if you said hey listen I want to pay no tax or very little tax or flat tax no matter how much money I make they'd say oh you can't do that they'd make you think that it's so uncivilized yet somehow Singapore in 50 years after breaking away from what was then Malaya now Malaysia said we want to do what we'll build our country into the wealthiest in the world they now are they have almost one in five people there are millionaires because they understood the five magic words people go where they're treated best the government wants you to believe that if you go in bank and endora twelve you please they don't have the they don't have the FDIC so you might just lose all your money your money might fall into a pit of dragons yet somehow thanks and endure many of them 30% liquidity ratios you compare that with half percent one percent the United States you look at the FDIC and it's basically like a couple of pennies rattling around the bottom of change jar all this money deposits tiny amount that's actually available to pay oh but wait we'll pay you we'll just give you some hot money that comes off the printing press please just just standard that line over there and as it comes off the printer will hand you the money that happens when our banking system collapses but please don't go to a door because they're not very civilized they don't have an income tax either so they're really uncivilized you go to Monaco when you see the boats and the yachts and the harbours you go to the casino you play roulette with guys with those eye patches I don't know if you've seen anyone with a black eye patch here I love those eye patches like a Bond villain they're not civilized either people sitting around sipping Bellinis playing roulette two o'clock in a Tuesday afternoon but they have no income tax so they must not be civilized either these are the things that society tells us so we don't go where we're treated best so we stay and we pay we deal with whatever they throw our way what's happened in countries like the United States and others is kind of like what's happened with the Hilton family you take a guy who's a great entrepreneur like Conrad Hilton and start out with one hotel I believe in in Texas and there was a time when he was almost bankrupt he had to go to his vendors he had to sit in a conference room and say hey you're the egg vendor you're the dairy vendor you're the guy who cleans our linens hey listen I'm I'm having problems here we're gonna go out of business and he worked at deals with the vendors and kept the hotel chain afloat and ended up building it into the biggest hotel chain in the world at one point creating vast amounts of wealth one of the best businesspeople of the 20th century and what happened with his family is kind of what would happens with Western economies where each generation that went down a little bit of things that I learned from my family the values of hard work and trading your own success each generation it kind of eroded a little bit and kind of washed away and eventually well eventually several generations later you have not Conrad Hilton but Paris Hilton I kind of believe that the United States has become the Paris Hilton of countries some time a long ago people were fighting for freedom and trying to build something that was great and saying hey listen come here and we'll treat you best because we understand the free market of human beings of capital we understand that people want to go where they're treated best so please come and do that here but then eventually well you know please we need to have civilization we need regulations we need taxes and eventually become Paris Hilton no one knows what actually made it happen but they have theories they think they know and so you have a couple different directions that you can go the idea of this event is fight or flight I am a guy in the flight camp I talk about the idea that when you have the Leviathan it's best not to fight that I know some of you here and many people in this country believe that to take back the country and revive it I believe that doing that is servitude to borders that is it necessary I look at the concept that people call America and say America has moved America is in Chile or in Singapore it'll go wherever it's welcome because it like capital goes where its treated best so I respect the contributions of great activists throughout history I believe deep down that capitalism which is what we are we're not activists for capitalists it is the best way to lift people out of poverty it's the best way to lift the world they say the capitalism is the best charity I believe that I it's funny I was in Cambodia I was talking to guys from India who believe that so fervently and they're saying we don't even want to believe it is a charity we believe we have to act on our own best interest and that that'll trickle and create jobs after all in Cambodia where these guys live people went from making $80 a month serving at restaurants to making $300 a month working in high-end hotels why not because the the NGOs handed them money but because they went out and built new skills and because rich people went there and travelled through Cambodia I don't want to be the activist I don't want to be the Rosa Parks or the civil disobedient want to be the person who has to take the bullets for trying to enhance a society that is fighting against you in every way I respect the people who have fought for freedoms but when you see how that's worked out I ask myself is it really worth fighting for there's three different kinds of sovereignty that I wanted to talk about in that regard because I I really believe that by building ourselves up we can enjoy the most amount of freedom and that when we do that we're enhancing freedom throughout the world so let's let's get that up there are three types of sovereignty the first type of sovereignty is one that I believe all of us here have we've accepted the concept that we can be free by looking out and making an active choice to seek something better the idea that we won't be like everyone else we will be the contrarian who is willing to be open-minded and listen to other ideas that we want to build a culture of freedom whether we stay in the United States whether we live somewhere else no matter what we do we want to be sovereign second concept is financial sovereignty I was in Switzerland I know I was talking to a few people here earlier who were also in Switzerland on the shores of Lake Geneva I went to chiyan castle one of the most famous places in Switzerland it's a phenomenal structure Lord Byron wrote about you can actually walk down into the dungeon of Xian Castle and there's these tiny windows at the top or the seawater the mist the smell comes into the dungeon just a little bit of light as you can smell the waves and hear them lapping around xi'an castle if it's built over this lake geneva then you look behind you at the majestic peaks the hills the jagged cliffs and then you ask yourself why is this structure here was someone living here was business here what was going on hundreds of years ago when this is built and then you find out the answer the government or whoever was governing the place at the time decided here's a thin road bordered by a lake founded by jagged cliffs that the guys who come through here with their their goods to trade on their horseback they can't go through the lake they'll drown they can't climb the cliffs they'll never make it they'll come down this one road right in front of our castle it's not a castle at all it's a tollbooth will assess the price of their goods will figure out how much we want to take of their money and we'll send them on their way because they have no choice financial sovereignty the concept that in a country in the set of borders the government decides exactly what happens they'll decide what to tax you they'll decide if there's a war on cash Bobby Casey and I we're talking about life in Europe and how in many parts of Europe you can't fill up your gas tank with cash now you certainly can't sell a car in many places in Europe because the government doesn't want you to have financial sovereignty they want to know everything you're doing because they figure by you merely being on their patch of dirt that they established lines they decided that they need to know you want to take your gold through the airport they reserve the right to to investigate or to take it or to do whatever they want and you really don't have any remedy the idea financial sovereignty is you can diversify your affairs that you can go where you're treated best even if you stay here you can diversify you can move your assets you can do things that keep that financial sovereignty alive the Third Kind of sovereignty physical sovereignty this is the toughest one we talked about the concept of not only getting your assets out of a country but getting yourself out will there be a time when that's something we all have to do it's funny you look throughout history and you see this when you travel I've gone all these places and it's so interesting to talk to people who've lived through different periods in history from Cambodia to Rhodesia now in in South Africa to all over the world you see the stories to people who they and their families live through times when horrendous things happen even in the last few years in Argentina you talk to people who lived through government coming in taking people's money devaluing everything they had oppressing them it's happened in our lifetimes in this 1960s Myanmar came in and said we don't need the rest of the world we'll go rogue instead they went bankrupt and happening Ghana in the 1950s you see societies that think that because the party was going for a while they can keep it going forever yet somehow things always change and physical sovereignty is the idea that we can physically go where we're treated best the idea that if Ron this turf here in Las Vegas or the United States wherever it may be that we are still subject to whatever the ruling powers decree they can change the rules at any time as we've seen throughout history from the Roman Empire all the way till now the idea of physical sovereignty and so I wanted to share with you seven places seven new safe havens I believe it's it's interesting because so many people who speak at events like this they seem to have the same kinds of places they always talk about there's the Singapore and I was in Singapore I've been there and I like the idea of banking or putting your gold and Singapore but people want to tell you there are our panaceas out there that you were so unlucky is to be born here but if you only were born in Singapore everything would be so perfect I don't believe that I believe that there is no perfect place but by using safe havens like these we can dramatically increase our freedom by diversifying so we're not going to be talking about Singapore or Chile or others some of these are a bit contrarian but we'll get started here number one is Malaysia this is a place where you can go and live if you're someone who has some amount of assets you can become a resident there it's very easy ten years of residence I'm not a big fan of bankers patting themselves on the back it's funny that I was reading a an issue of I believe global finance magazine and they have all these different indexes of banking and the best bangs and the best central banks Malaysia took so many of the boxes in being when the most stable jurisdictions for finance being one of the now the top ten places to do business being one of the top places to live probably being the most liveable affordable city in Southeast Asia affordable country called them poor being the city for those who didn't get in on living in Singapore living in Hong Kong for those who missed that but I believe that there are new safe havens like Malaysia I look at the idea that what could have happened if we would have all moved to Singapore 50 years ago they would have welcomed us with open arms they would have given us a key to the city practically now you have to have a lot of assets or a lot of talents or a lot of business savvy to get into Singapore because they don't need so many people but by looking at new safe havens like Malaysia Malaysia is also a place where you can own a lot of property as a foreigner you look throughout places like the Philippines and other countries in Southeast Asia it's often very difficult to own property or perhaps anything more than a condo Malaysia has some of the most regulations and as a result you've got people from Singapore crossing over - johor bahru and other parts of southern Malaysia and it's become the new jersey to Singapore's New York so Malaysia is one of my safe havens to look out for Latvia is where Bobby Casey he'll be with us in a few moments comes from or has moved - at least he'll talk this weekend about the idea of Latvia now being on the Euro you say wow that's a horrible idea Andrew in general I talk against dealing with countries that are part of entangling alliances you look at Europe and you say okay Norway if you want to host a website or have freedom of speech they love that Norway and they don't have to deal with the EU they don't to deal with --use nonsense when it comes to banking you look at Endora and all the other places that are outside of the EU that's good Latvia Bobby's going to talk to you about his opinion on property growth in Latvia for a property investment in Latvia you can get a residence there ultimately a passport I see a lot of potential in the Baltic States in general you look at places like Estonia where you can basically keep your money in an Estonian corporation distribute as you see fit tax-free look at countries like Lithuania which in a couple years we'll send the ranks of of Latvia and also be an attractive destination and you look at what's happened what other countries in the euro zone get to the point where Latvia is and the profits that people have made there Uruguay is something that I've talked about on on our site nomadic capitalist is an emerging offshore banking destination this is a place that understands that people want to go where they're treated best they've become one of the better places in South America to banks to be honest I'm not as big of a South America guy we'll hear from guys this weekend Jeff Berwick among them who are much bigger proponents of South America I love some of the countries there it's very interesting to see to challenge the conventional wisdom that we've all been told I was just talking to someone the other day and I said you know Colombia is one of the top economic performers in the world I said well them what about drugs we have these ideas that have been burnished in our heads by by people who don't want us to go elsewhere who want us to stay here and have their way with us so South America in general is good but Uruguay well not the cheapest place is a place you can move and become a resident very easily you can live there you can become a citizen of Uruguay I don't know about you I don't know how many people in this casino could find Uruguay on a map or he'd even heard of Uruguay I I think that if you know I made some money I would rather have the Uruguayan IRS coming after me than the American IRS number five are for New Zealand it's funny because we're going to hear from Tony Kirsten in a little bit about the idea of storing gold offshore he's a guy who was from Sweden who told me when we met up a couple weeks ago that he believes the people in Cambodia do have more freedom than people in Sweden forget civilization he talks about this this 10% forget even a tenth of a percent they're taking away your freedoms one percent at a time in Sweden and he's now in Singapore because so many people around the world want to store their gold when I move their assets to a stable jurisdiction that is free of entangling alliances a place like Singapore and so he'll talk about moving your gold and precious metals to Singapore but New Zealand is another place that has become one of the top jurisdictions for moving precious metals and so I see other opportunities there's also one of the best places to live best qualities of life freedom of speech etc it's funny I you wouldn't think China would be a safe haven I put this up here for a little bit different reason than the rest of them but I look at places like China and Russia you saw what happened this summer with Edward Snowden having to go to China and Russia and people say oh he's going to our enemies that the Dominions of our enemies the places that have caused us so many problems and I say I don't want just one country to rule the entire world I want backup I want people to keep it in check I want China it's funny I was having another dinner earlier this week with some people we're talking about the idea of government how it oppresses people but again the idea of civilization as long as they put a good veneer on it they can oppress all they want and people say wow it's could be a lot worse it could be in China but we talked about the idea that if we're going to deal with the government we'd like to at least people to live our lives as freely as possible Shyne is a place that I've spent a lot of time and I see people living a lot more freely you have a population that understands and Hailie that their government is bad and the government general is bad too and a-three wealthy Chinese people want to leave that's a society that I I like I respect I like the idea of they trying to use currency and I see that as a place for for growth in the future but one thing that I was a little bit hesitant before I put China on the list was the idea that I was reading the Heritage Foundation index on economic freedom I like to read this I I kind of agree with the numbers on on countries like the United States which dropped again two places this year I think it makes sense for developing our developed countries I'm not so sure about developing countries because they talk about a lot of things like lack of transparency and you know police issues things like that and I say having been in these countries China Vietnam etcetera where you don't get hassled by the police where you pretty much are free to live your life I say you know what that's good let the police be corrupt just having to leave me alone let the guy who picks up the garbage in Vietnam come and bribe me because I'd better pay two dollars than have to get ripped off and have to deal with inefficient bureaucracy but the Heritage Foundation survey on China said China was a bad place and had no freedom because they had corruption in the judiciary and they were interfering with you know companies there was crony capitalism and the police were corrupt and I said well I that's probably at a place I want to be but then I I thought to myself I don't know where else where else they have they have corruption and judiciary and crony capitalism I couldn't think of a place that that would possibly do anything like that I you know no idea so I decided to put on the list Georgia is one of my favorite jurisdictions I mentioned earlier we were talking about the Republic of Georgia in Far Eastern Europe last night with a guy who is from Ukraine Georgia is a place a lot of people have been moving money into u.s. dollars into euros even into George and Laurie because Georgian banks understand the five magic words people go where they're treated best their money goes where it's treated best now unfortunately the days of 9% interest on your US dollar deposits and George are gone interest rates are still high in Georgia but I look at George as a place that again realized hey listen 21 taxes that's too many I'd like to have zero but cutting it by 75% not a bad start realizing hey we got to do something to get people here we got a couple million people we don't have 320 million people to to take advantage of so we have to do something to attract others I think they have the right attitude in Georgia and you can also move there it's funny I think from everything I've been hearing lately Georgia and Tbilisi in the capital is very much like Dublin in Ireland a place I love where you have so many restaurants and little cafes in the city center area you can pretty much do anything you want it's it's lively it's exciting it's teeming with with life and there's a lot of development going on in Georgia the last place is the Philippines where I've spent a lot of time in the last year this is a lifestyle safe haven I was in Davao Philippines for Christmas and I hate spent Christmas with some American entrepreneurs there who moved to this city called eval which is in the south of the Philippines in two days before Christmas they we all got together they chartered to jeepneys have you ever been to the Philippines you've seen these big like trucks and they hollow out the back and there's these metal seats that 24 people will jam into and space with like the local bus system it's run by the private market people will go out and buy a single jeepney and that's their business there really isn't a public transportation system the Philippines it's run by people who run their own private bus companies their own GP companies but we chartered these two jeepneys six or seven or eight of us got the back with about a thousand presence that these guys had purchased and we drove around to vow basically throwing these wrapped gifts out the window at at kids who were in some of the needy or parts of town we try and stop it occasionally we just have to toss it out the the window because we couldn't stop in time for a kid on the side of the road or somewhere we'd go to neighborhoods for example in Philippines the beaches are oftentimes the most poverty stricken areas unlike here that the richest and we would have 100 kids climbing in the side of the cheapness looking to get a gift there were it was the most amazing thing that we were probably breaking a hundred laws here in the United States we would have been sued into the Stone Age for product liability and all sorts of problems but I found I see this amazing sense of freedom in the Philippines I I see it as a place where you can go and live very easily even if you're 35 years old you can retire to the Philippines they have a retirement program I think they did that just to make people feel good but if you're 35 you can retire the Philippines for not a lot of money in the bank you live there very cheaply and I see Southeast Asia as a place where there's a lot of opportunity and you're positioning yourself in the middle of a very exciting area where you have places like Cambodia which is getting rid of restrictions left and right on foreign investment you have places like Myanmar the last frontier market in Asia you've access to all these places and the great standard of life in the Philippines these are safe havens that we can seek out you'll see some of them were lifestyle ones some of them were places to bank store your gold speak your mind they're not often the same place again we've been told that if only we're willing to be the Frog and the pot of boiling water and suffer that erosion 1/10 of 1% of at a time of our freedoms that we can have the perfect place or so they say I urge you to look at these safe havens and we'll talk about more this weekend with our speakers who have their own opinions I tend to be as I said a contrarian but I look at this as a way that we can find more and more freedom

Channel: Nomad Capitalist

Views: 209,645

Rating: 4.4643326 out of 5

Keywords: best safe havens for expats, top 7 havens for expats, how to find expat haven, top 7 countries, best expat countries, malaysia, latvia, uruguay, new zealand, china, georgia, philippines, nomad capitalist, expats, nomad life, travel, flag theory, Andrew henderson, passport to freedom, offshore conference, asset protection

Id: o0VELJqA1M0

Length: 44min 57sec (2697 seconds)

Published: Sun Feb 16 2014