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dlukton
Nomad Capitalist
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Comments by "dlukton" (@dlukton) on "Have Things Gotten Bad Enough Yet?" video.
Here's Jim Rogers saying (about 25 seconds in) that "having only one passport could be very dangerous [in the future]": https://youtu.be/p-Qm-5-Q8rs
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Taking a long view of history, one is tempted to include that free societies eventually move in the direction of tyranny.... at least "soft tyranny".
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@bebop54 this is the $64 trillion question. I think that the US dollar holds up pretty well in the forex markets for at least another year... maybe two; and the Swiss franc will probably not move that much relative to USD during that time. I think the more important question is how the dollar moves relative to gold; relative to oil; and relative to other commodities. I think your're much better off in gold than either USD or CHF; silver is another place to put money (and possibly bitcoin). If you like to hold currencies, a long AUD position against the Yen could become profitable once inflation begins to rise.
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nazsmith To where?
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Given the "political center of gravity" as it exists in the US today, given the makeup of the Supreme Court as it exists today, given the entitlement programs as they exist today, given the inflation rate as it exists today, given the laws (in general) of the US as they exist today, given the tax laws that exist today, and given the reserve currency status of the US dollar as it exists... I'm inclined to remain in the US. HOWEVER, I think that all of that is at risk. Any or all of those could change in a big way. And I am increasingly coming around to the idea of obtaining a 2nd citizenship (most likely from a Caribbean country).
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CHF/USD is around 1.04. Hasn't moved much at all in the last 10 years.
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