I recently came across this article by the World Bank, which said that a record-high $689 billion were transferred as remittances across the world—the corresponding cost of these remittance transfers was 8–12% of the amount sent. These figures mean that you effectively pay up to $12 on every $100 transferred. As an expat, if you’ve got […]
Continue readingOriginally a residency by investment program, Portugal Golden Visa now starts to produce its first citizens. The program, initiated back in October 2012, grants a one-year residence permit to the applicants who successfully submit all their documents and finish the application process. After the first year, permit holders must renew their residence permits and they […]
Continue readingInternational Man: Recently, Christine Lagarde, the new European Central Bank (ECB) head, said the most incredible thing: “We should be happier to have a job than to have our savings protected… I think that it is in this spirit that monetary policy has been decided by my predecessors and I think they made quite a […]
Continue readingPortugal: Strong Investment Base despite the Unstable Atmosphere in Europe Recent continent-wide or even planet-wide financial and political setbacks have put considerable amount of restraints on countries’ internal and external business affairs. The atmosphere of instability in the Eurozone initiated by Brexit has slowed down the economic growth of the European Union countries and the […]
Continue readingInternational Man: Doug, let’s start with the basics. What makes silver useful and valuable? Doug Casey: Throughout history, three metals have been used as money: gold, silver, and copper. All share the five qualities of good money—durability, divisibility, portability, consistency, and intrinsic value—but in different proportions. All three metals can be bought for the same […]
Continue readingThe interconnectivity of the global economic landscape necessitates that the slightest shifts in the global economy affect individual economies. Due to this dynamic, the individual investor can’t escape the effects because his investments are ultimately tied to his local economy’s performance. Any ripple felt across the global economy will have an unavoidable impact on your […]
Continue readingThe larger the country, the less the likelihood of getting a leader who can be trusted with the job. On the surface of it, this would seem to be an illogical claim. Surely the size of a country has no bearing upon whether its leadership is competent or trustworthy, and yet, it’s very much the […]
Continue readingInternational Man: You have sounded the alarm on a coming financial crisis of historic proportions. How do Trump’s trade policies figure into your view that a crisis is coming? David Stockman: Trump’s trade policies only create more risk and rot down below. They’re just kicking the can down the road. With this latest move by […]
Continue readingAs the US-China trade war continues and Hong Kong faces increasing political pressure from pro-democratic protesters, many are seriously considering the possibility of a global recession. Economic analysts from HK have already announced that the country has officially entered an economic recession for the first time in the past ten years. With the potential Chinese […]
Continue readingCosta Rica is a popular retirement destination for people from across the world. The country’s one of those few places that have maintained a stable economy and political atmosphere despite having a very weak currency. It works for Costa Rica though—the country generates a fair bit of revenue from outsourcing its tech sector whose work […]
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