International Man: Panicked people are emptying supermarket shelves and stockpiling toilet paper. Hand sanitizer is impossible to find anywhere. Is the impact of the fear and hysteria greater than the risk of the virus itself? Doug Casey: Yes, very much so. The virus itself is what we can call a first-order effect. I don’t want […]
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Dateline: Singapore Negative interest rates have gone from an impossible fantasy just a few years ago to a reality that now impacts hundreds of millions of savers around the world. Thanks to the lingering impact of the Great Recession, central banks started experimenting with the idea that you would pay the bank to keep your […]
Continue readingMoving to the USA, while suffering from health issues implies more than facing cultural differences. Aside from speaking a new language (if English isn’t your mother tongue) you also need to learn what’s the difference between Medicare and Medicaid and find a doctor who can treat your condition. The USA has a different approach to […]
Continue readingWhile purchasing property in Mexico is relatively easier for foreigners, you still need to be careful with your investment and hiring a real estate professional is essential for that. You must be clear about your objectives behind purchasing the property. Whether you’re looking for a residence to live in or planning to invest in a […]
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Dateline: Kuala Lumpur, Malaysia Doug Casey was the original “international man”; along with Harry Schultz’s concept of “three flag theory”, he was one of the original advocates of internationalization that paved the way for us here at Nomad Capitalist to adapt offshore strategies for the twenty-first century. For that reason, Doug Casey’s predictions about the […]
Continue readingEconomic wisdom indicates that the spending patterns for retired individuals are characterized by high consumption to savings ratios (research says it’s about 112%). It’s a pretty commonsensical notion—of course if you’ve worked all your life and saved up for retirement, there’s nothing left but to reap the rewards of your hard work. The problem with […]
Continue readingIn his inaugural address in 1961, President John Kennedy gave a stirring speech in which he famously stated, “And so, my fellow Americans: Ask not what your country can do for you – ask what you can do for your country.” He then went on to say, “Finally, whether you are citizens of America or […]
Continue readingIn 1906, Alfred Henry Lewis stated, “There are only nine meals between mankind and anarchy.” Since then, his observation has been echoed by people as disparate as Robert Heinlein and Leon Trotsky. The key here is that, unlike all other commodities, food is the one essential that cannot be postponed. If there were a shortage […]
Continue readingUnlike paper currency or other assets, gold has maintained its value for literally thousands of years. Gold has historically been an excellent hedge against inflation, because its price tends to rise when the cost of living increases. Why wouldn’t you take advantage of gold’s staying power as a wise investment class? Gold’s negative correlation to the stock market and paper […]
Continue readingInvesting in gold and precious metals can be easy, fun, and profitable. Because gold retains its value in times of crisis, this precious metal is both a hedge against chaos and a solid long-term investment. The good news is anyone can learn how to start buying gold as a physical store of wealth. If you […]
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