Will the dollar will lose its status as the global reserve currency?
US interests payments have reached 1 Trillion USD per year. 1 Trillion equals 1000 Billions. Picture Source: Visual Capitalist. Why the Dollar Will Lose Its Status as the Global Reserve Currency The United States dollar has long been the world’s reserve currency, a position it has held since the end of World War II. […]
Read moreTravel impressions. Brazil, Manaus, Opera House
© Pictures, Use policy / ToS. Descending to Manaus. Nothing but jungle. And it reminds me of the Flying Rivers of the Amazon. And in Manaus, a luxury from the past, financed by the wealth that rubber brought. The opera house in Manaus from the inside The wealth came to an end through […]
Read moreExplainer: Why are the super rich leaving London?
Nervousness is growing in some exclusive streets of London – both the ruling Conservatives and the opposition Labour Party want to end tax breaks that have benefited many of the super-rich to date. This is apparently leading to hasty travel plans. “People are jumping on planes and leaving the country,” the Guardian quotes the head […]
Read moreThe rich are getting second passports, citing risk of instability
The wealthy are building “passport portfolios” — collections of second, and even third or fourth, citizenships — in case they need to flee their home country. Recent high-profile examples of second citizenships include billionaire tech investor Peter Thiel, who added a citizenship in New Zealand, and former Google CEO Eric Schmidt, who applied for citizenship […]
Read moreMore English councils face bankruptcy, leaders warn, as deficits reach £4bn
Every second English municipality is expecting its own bankruptcy. Three British cities are already bankrupt – many could follow. According to a survey, many local authorities consider their finances to be disastrous. The consequences for citizens: tax increases and cut services. Pircute from Elliott Brown via Flickr Many cities and municipalities are now responding to […]
Read moreThe Six Flags Theory Explained.
First Flag: PASSPORT AND SECOND CITIZENSHIP A second passport from Canada, Brazil, Italy or Australia. In addition to the passport of your native country, you should hold one or more passports from small, neutral and respectable nations. They do not try to tax their citizens living outside their territory, nor to draft them into military […]
Read moreWhat is a PT?
Introduction PT: The Six Flags Theory. What is a PT? HARRY SCHULTZ In 1964, Harry D. Schultz – the world’s highest paid financial consultant, according to “Guinness Book of World Records”, and author of a number of books on investing that were bestsellers in the 1970s – published a book entitled “How to Keep […]
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