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February 12, 2013

While expatriating is not for everyone, Jeff Berwick from The Dollar Vigilante reminds us that we still have the power to shape our own lives regardless of the state. If you know a struggling young person, please forward this article!

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Discussion
32 Comments
    Feb 12, 2013 12:01 AM

    Al….ROGERS missive from this morning has vanished from the site , Any reason why ?

    Feb 12, 2013 12:08 AM

    Jeff Berwick is creating “a libertarian utopia” in Chile, called Galt’s Gulch. He is not as advanced as Doug Casey’s project near Mendoza, Argentina, but I think at least Jeff Berwick made an infinitely better choice of country!
    Irish, try clicking on Korelin headline instead of audio show.

    Feb 12, 2013 12:20 AM

    Back in December, Jeff Berwick also did an interesting podcast.
    Try goldmoney.com archives in Google should locate it.

    Feb 12, 2013 12:21 AM

    They STILL dont get it, and we wonder why the price of silver is going down!
    http://www.youtube.com/watch?feature=player_embedded&v=z7usCHnZ-8c

    Feb 12, 2013 12:31 AM

    If you are an old fart like me, thinking of expatriating, the most important thing to do immediately is expatriate your assets. As someone who currently travels extensively, I see more and more signs in various countries as I go though customs asking me to report if I am carrying more than X amount of currency or financial instruments. There WILL come a time when moving assets out of many countries will not only be taxed, but become illegal.

    Feb 12, 2013 12:40 AM

    Whatever happened to the Korlin Report? It seems to have become a place of
    pouring out one’s soul over the state of the de-conomy, bamaism, a failing dollar,
    a wonderful country on the wanel (one I proudly served), and many other issues we can’t control no matter what, even the most inportant election in history. So, where is that repository of all that Korlin knowledge on gold and silve mining companies, interviews with the winners as well as the losers (the likes of Ethos and its dismal managers)? As I recall, this was the place to go when one wanted to know about gold and sliver and the mining world. Now one goes here to debate the rise and fall of the nations. Hopefully that will change very soon! I get all of that I want from those dummies being interviewed on the dummie-tube. Come
    on Al, let the world drool and puke over it itself, while you help us find the gold!!! You are too good at what you do to become part of that swagger! Don’t be one of them, not in a time when you could help so many!!!

    ‘simply said’
    wyn

      Feb 12, 2013 12:01 PM

      Hi Wyn,

      Thanks for this great comment!

      Big Al

      Feb 13, 2013 13:57 PM

      Hey Wyn,

      COUNTRY RISK is an important strategic investment consideration, and as you point out in your post, “The times, they are a-changing.” Enough said? P.S. Thank you for your service.

    Feb 12, 2013 12:56 AM

    redroom5
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    Gold Sellers In Houston Must Submit To Fingerprints and Mugshots
    Market Daily News
    Kurt Nimmo
    Last week the Houston City Council passed an ordinance requiring people who sell precious metals to be fingerprinted and photographed.

    According to KTRK-TV, the ordinance is “meant to help track down criminals who try to resell stolen valuables. Gold-buying businesses will now be required to photograph and fingerprint sellers as well as photograph the items that are being sold to the dealer.” In other words, citizens who sell gold will be considered criminals until they demonstrate otherwise.

    “It’s going to allow us the tools necessary to combat a lot of the high-end jewelry thefts that’s going on in the city, whether it’s robberies or burglaries,” Houston Police Officer Rick Barajas told the news station last Wednesday.

    Audi S8s, Shelby Mustangs, BMW M5s, Dodge Chargers and Honda S2000 roadsters are stolen thousands of times a year and yet people who own them are not required by government to be fingerprinted and photographed in order to sell their cars. Ditto folks who sell expensive items at pawn shops or on eBay. Can you imagine the chaos in commerce that would occur if every item over say $1,000 required the seller to surrender fingerprints and photographs – more accurately, mugshots – which the buyer would be obliged under penalty of law to submit to the state within 48 hours?

    “No precious metals thief is going to agree to a mug-shot and thumbprint,” said Houston City Council Member Helena Brown in response to the law. “That’s like declaring that the thieves are going to be turning themselves in. It’s ludicrous. I don’t know who told HPD that this is going to help them. It’s not going to help anyone, but rather it will be damaging to an industry and to our self-respect and liberty.”

    Instead of reducing crime, the new law will instead put a damper on the sale of gold, silver and other precious metals. Jim Guidry notes that despite a claim made by Houston police, the precious metals industry will be hard pressed to comply with the turnaround demanded by the city, will balk at the prospect of alienating customers by demanding their fingerprints and mugshots, and the industry will ultimately suffer through loss of its customer base and through fines and criminal charges.

    Finally, it is hardly a secret that government hates the idea of citizens trading in gold and other precious metals. In 2009, the U.S. Mint made it more difficult to purchase gold and rationed the sale of American Gold Eagle coins and the previous year suspended the sale of American Buffalo 24-karat gold coins. Bernard von Nothaus of Liberty Dollar was prosecuted for daring to challenge the fiat money monopoly held by the Federal Reserve and the banks (and daring to have a political agenda, namely getting rid of a parasitical Federal Reserve).

    “The modern and oppressive State is against freedom. The argument regarding gold versus fiat money has been settled both theoretically and empirically,” writes Monty Pelerin. “The good fight fought against fiat currency is a long and lonely one. This fight will not be won by intellectual persuasion, but will be determined by the brute forces of the markets the State believes it can control. A currency collapse is likely inevitable. That will expose the fraud and corruption of the current fiat currency regime. Even when that occurs, the elites will do whatever they can to avoid an honest money system.”

    “The defamation of gold wrought by central banks and governments is because gold exposes the devaluation of fiat currencies and the flawed policies of government. Governments hate gold because the people cannot be fooled by it,” writes Ron Paul. “If the government persists in debasing the Dollar – as money monopolists have always done – then the people would be able to protect themselves by using alternatives such as gold that are both sound and stable.”

    The City of Houston and its police, however, are not colluding with the Federal Reserve in an effort to control the sale of precious metals. The police are reacting as police always do – as gold and precious metals rise in value, it is quite natural that there is an increase in theft and fraud, a situation police react to quite naturally by demanding authoritarian laws that inevitably create a new class of criminals requiring more police and more prisons.

      Feb 12, 2013 12:58 PM

      This one is kind of scary, Mr. Irish!

      Big Al

      Feb 13, 2013 13:00 PM

      This is how a registry gets built for the purpose of profiling and spying. The effect is to drive such trade underground or out of jurisdiction. Once again, by regulating a market, government destroys the market (except for insiders).

    Feb 12, 2013 12:40 PM

    I cant take it anymore…why wont my gold stocks rally. Argghhh. I know I will be right but Id rather be wrong and have stocks that moved upwards right now…I cant stand seeing the TSXV below 1200.

      Feb 12, 2013 12:50 PM

      How do you think I feel, Mike!

      Interesting times,

      Big Al

      Feb 13, 2013 13:03 PM

      Wait ’til Q3. The rocket is just refueling

    Feb 12, 2013 12:33 PM

    Last couple weeks I’ve been listening to tfnn dot com. The owner of that site broadcasts live Mon – Fri from 4 to 6 pm -eastern.

    I like listening to him because even though he buys & sells gold and also publishes a Gold Report for subscribers, he isn’t a “gold bug” … he’s able to talk about gold going down as well as up.

    Right now he thinks gold will test $1626 from Dec; and possibly $1548 from June.

    Checked with my local bank today about buying gold bars. It took two people at least 15 minutes to even find the relevant info & prices on their computer. One said, “we don’t get many people asking about gold”. I said when gold hits $2500 people will be interested. Ha!

      Feb 12, 2013 12:46 PM

      Hi Irwin,

      Tom is an interesting guy. I spoke with him in New York a few years back. Of course he is worth listening to.

      Big Al

    Feb 12, 2013 12:54 PM

    Towards the bottom of Jeff Berwick’s article was this link, regarding bureaucracy in opening a lemonade stand, so that it would be legal and not shut-down by police. If you didn’t see it, it’s a quick 5 minute read:

    http://www.foxbusiness.com/on-air/stossel/blog/2012/02/23/i-tried-open-lemonade-stand-illegal-everything-airs-tonight-9pm-fox-news-channel

    Jeff’s article is good, because it reminds us how spoiled and immovable we can be. Not everyone needs a second passport (I don’t have one), nor wants one. But those of us who can’t travel the world for a living can very much take steps we can take to brace for economic turmoil. It’s more a question of discipline and motivation.

      Feb 12, 2013 12:38 PM

      Jeff is a very interesting guy. I believe that he is the founder of Stock House.

      Big Al

    Feb 12, 2013 12:50 PM

    I have lived in Thailand,Viet Nam,Malaysia,Cambodia and Indonesia ,having also spent time in most SE Asian countries.
    I have many friends that opted out of the tax systems of their respective countries and lived a life full of adventure and thrills all over the globe.
    I live in a brand new 2 bedroom home for $80 per month with $10 per month electric fees.No taxes,nobody comes here except the water man-$2 month.
    The house does not even have a number or street name.
    Ten dollars a month for 100 channels of cable tv and $10 per month for wireless net.

      Feb 12, 2013 12:57 PM

      So where is this little piece of heaven?

      Big Al

    Feb 12, 2013 12:44 PM

    North end of Bali.
    It is not a perfect place as none are.
    It is cheap,great weather with beautiful beaches nearby.
    Air Asia gives you access from Bali to anywhere in Asia very cheap if booked in advance.

      Feb 13, 2013 13:19 AM

      Air Asia — Erase-ya? Love it as long as their pilots and mechanics are better, and better paid, than their corporate brand and design advisor!

      Feb 13, 2013 13:12 PM

      I thought for a moment you were talking about Mali. haha

      Sounds interesting. Not now for me, but someday…

    Feb 13, 2013 13:22 AM

    The fleet is all brand new Air Bus whatevers.
    Not sure if you understand why it is so cheap here,impeach.
    My gf works six days a week/9 hour days,university educated/degree/13 years experience in her field-$250 per month govt job.
    She used to walk to work to save a dollar per day so she was gone 10.5 hours every day,six days every week.No benefits,no holidays,no pay on national holi days.

      Feb 13, 2013 13:21 AM

      Matt, sorry, I really wasn’t intending to turn this into a serious airlines discussion, and just now became aware that I was pointing to a contentious subject when I searched “Air Asia safety record”
      Thank you for the telling example from your personal sphere. Am I correct in guessing that she now is using a noisy motor scooter, using heavily subsidized petrol which Indonesia has long become a net importer of? No offense, just wondering, because my main question about long-term moves into nicely developing Asian countries is how quickly they will forget the lessons from the “1997 Asian crisis,” allow their bureaucracies to grow disproportionately and find ever more things to regulate, tax & subsidize, and if they will embrace G20 globalist plans and cross-border taxation. Maybe one answer is to not think about long-term as permanent…

    Feb 13, 2013 13:53 AM

    No,she walks to work.She has never ridden a motorcycle.
    Believe me,this place is about as far away from regulations,taxation and subsidies for the average person as was in N.A. in the 1800’s.
    Malaysia has a good standard of living and has a decent retirement program for ex-pats,including home ownership and visa rights.
    None of that exists in Indonesia.
    You don’t have to tell me what is wrong with Asia.I have been here for 14 years off and on.
    If you want to stay at home and live your life there,go for it.This ain’t Kansas.

      Feb 13, 2013 13:41 AM

      I assume that you feel both comfortable and safe in Malaysia, Matt.

      When you have a bit of time, please tell us more about your experiences there.

      Best,

      Big Al

        Feb 13, 2013 13:58 PM

        Absolutely. (I promise I won’t comment on it.)

          Feb 13, 2013 13:15 PM

          I would likewise be interested in any editorial anecdotes you care to share..