Comments by "Rune of Svalbard" (@vladimirofsvalbard9477) on "Nomad Capitalist"
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I wish people would put more thought into moving overseas before they jump ship.
There are always risks, but as of currently. I couldn't imagine a better place to be than the US. Especially with how high the tensions are on an international stage.
You have 50 sovereign states to choose from, natural resources, and services.
In a foreign country, you don't have that option. If you are locked down, mandated to vaccinate, or anything else; it is law. You have no recourse but to seek refugee status.
I wouldn't even recommend east Asia at this point. If Chinese aggression continues, you're going to be in a war zone. And with no US support, you're extremely vulnerable.
At a time where the global supply chain and reserve currency is at risk, moving to an island in the Caribbean is a very poor decision. No natural resources and no exports outside of medical equipment.
The idea is to invest in multiple assets, as well as asset classes.
For many watching this channel that are not multi millionaires, but have the means to leave. Renouncing your citizenship and moving to St. Lucia is a very poor decision.
Andrew is very well off with a wealth of assets, passports and options to endure.
The average Joe watching this channel is middle class; prospecting a move to one island with two passports and renouncing their citizenship.
I just feel that it's going to get a lot of people in trouble.
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This is why the wife and I are moving to Montana from the eastern US.
The economies, even in the Midwest are literally facing annihilation within a short time period. If you are working gig or contract, you're starting to feel the strain.
Every month you're having to work an extra number of hours to make the same amount you made the prior month. Which is getting exponentially worse.
If people are looking for places to avoid the Federal Government and turbulence in the wake of a war, then leaving the country is probably the worst option. Though I could be wrong, it all just depends.
If this country falls into a Civil War, let alone a World War, assuming a financial collapse would have already happened; which is what usually happens. Do you really think you're going to be safe in a foreign country?
The Caribbean - exports are primarily pharmaceutical equipment with virtually nothing that is self sustainable. If global supply chains fall apart, the people in St. Lucia are going to be eating each other.
Japan, South Korea, Taiwan, Philippines - these countries heavily rely on US military strength, Intelligence, and business partnerships in order to function. In the event that the US is rendered insolvent or defunct, these countries are a ticking time bomb. Chinese aggression would turn all of these into a war or occupational zone of influence.
Australia already speaks for itself.
Africa - a major Chinese investment
Western Europe - tied to the same fate that the United States is and anything to the far east runs risk of falling into Russian or Chinese influence.
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@letgobandit China, Bahamas, Belize, El Salvador, Mexico, and Canada; not much longer than a few weeks at any one location (at any one time). Plus about 40 states. I'm a routine traveler, though I've remained more domestic these past few years.
I don't have cable and I don't watch CNN btw.
I talk to people, I watch people, and I stay up to date on on the market, global economies, and trade.
I am a pessimist if that's what you're asking, but that has just allowed me to stay ahead of the curve. It's not without it's drawbacks though.
That's about it...
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The unrest and division we are seeing in the United States is a self fulfilling prophecy spawned by none other than social media corporations.
Facebook, Twitter, TikTok etc. all generate ad revenue purely from user engagement. This is why their algorithms are designed to be as addictive as humanly possible.
They are going to show you exactly what you want to see and on top of that they will show it to you in the most controversial order. Facebook began re-programming those algorithms in 2018 to show you the biggest dumpster fires first.
There's a reason that mainstream media has become so bad and it's very simple. They cannot compete with the user/viewer volume of the social media sites. It's absolute desperation on their part.
Yes, there are bad players, but most of this issue comes down to individuals making poor decisions.
Data markets are immensely lucrative. What you like, what you buy, which coupons you use, where you travel, what day of the week, what time, etc. All of this is sold and reduced to algorithms; they know you better than you know yourself.
They sell your consumer data and use the rest of your habitual behavior to make you engage more and more with platforms like Facebook.
Considering that Facebook had 1.9 Billion regular users, what could go wrong when you constantly incite an endless cycle of dumpster fires to people that are none the wiser that they are being manipulated?
This is the end result.
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