International Man: President Biden’s Treasury Secretary—and Obama Fed Chair—Janet Yellen recently floated the idea of taxing unrealized capital gains through a “mark-to-market” mechanism. What is going on here? Doug Casey: When you tax unrealized capital gains—as they do with foreign stocks in a number of countries, like New Zealand, where it made my life expensive […]
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Dateline: Bogota, Colombia Panama as an offshore jurisdiction has been front and center in recent years as a result of the now-infamous Panama Papers leaks. With all the attention Panama is getting, there’s bound to be some rumors and fiction spread around. But let’s talk about reality. A lot of folks out there still have […]
Continue readingI have a longtime friend who lives in a small town and works for the biggest employer in that town. He told me how trapped he feels and how he basically has to go along with whatever is in the best interests of that company. There are local issues with the school, other businesses, politicians […]
Continue reading“If you catch 100 red fire ants as well as 100 large black ants, and put them in a jar, at first, nothing will happen. However, if you violently shake the jar and dump them back on the ground the ants will fight until they eventually kill each other. The thing is, the red ants […]
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Dateline: Bogota, Colombia Part of diversifying your assets is making smart choices when it comes to your investments. No one wants to invest in something that is sure to be a dud. Overseas real estate can be an excellent investment opportunity. But there’s a lot more to it than just finding the rent investment. How […]
Continue readingIf you could design the ideal business structure, it would look nothing like mining, where there are large upfront costs, many years before any revenue, and a highly cyclical product that determines the type of revenue. Having built your factory (in this case, the mine), you know it cannot simply be moved if the host […]
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Dateline: Bogota, Colombia What’s stopping you from moving your money overseas? The main reason people don’t take advantage of overseas banking, or really any opportunity, is fear. Fear can be a powerful motivator, but it can also be a dam. Your fear of the unknown can hold you back from amazing opportunities. In this case, […]
Continue readingInternational Man: We seem to be entering a new paradigm in the financial markets. Social media has allowed a large number of small investors to band together and move markets in ways that were previously inconceivable. What are your thoughts on this and what lies ahead? Doug Casey: To start with, most of the people […]
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As a country with significantly more expats (80% of the population) than natives (12%) and a burgeoning population in an arid desert climate, unique is probably the word that best describes the United Arab Emirates (UAE). It most definitely is a country that has learned what its strengths and weaknesses are and has played to […]
Continue readingThe Mandarin word for “crisis” is weiqi. But weiqi is actually two words – the first, “wei,” meaning disaster and the second, “qi,” meaning opportunity. For thousands of years, the Chinese people have understood that disaster and opportunity come in the same package. Whenever a period of dramatic change is unfolding, the Chinese people recognise […]
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