End of the week, thought of the day.

 

End of the week and thought of the day, as the Brit in the Philippines likes to say, a nice chap to say the least.

It seems many people are despondent or the recent elections in the US. It looks like voters are making sure liberty takes a back seat now and for awhile. 

It seems all over the Western World, we have a loss of liberty, safety and much more inflation than what many can accept. 

Theres even a giving up I see in the younger generation, although I see people of all ages migrating to Latin America,  Eastern Europe, even Russia now. 

You also see more migration to the Middle East, and Asia and possibly even China. 

You still see the great unwashed trying to get into America if they can, and its still tolerated by many.

Although I say that there are now many Europeans coming to North America from Europe and the UK.

In other news,  the US share markets continue to make new highs, including the Dow Jones Industrial Averages.

Most people dont talk about the Dow, much less the Dogs of the Dow. 

Now with the forever wars we will need more Industrial bases here in the US which isnt bad but will be different from the past.

I continue to see many expats make dumb decisions in the East, mainly North Americans, which is unfortunate, because its so easy to succeed their, much like our ancestors did in the past.

I also see more YouTube influencers doing well and showing ways to succeed there and how simple it can be and how more young people are figuring this out.

Im not sure what to make of this but governments in the West will have to change and adapt or they will lose there older retirees and the younger generation that needs to take over and make things better.

Im not sure how it will turn out but some countries will will adapt and advance liberty and prosperity others wont and will continue to decline. 

Thats the thought of the day, 

Good Luck,  Happy Hunting. 

AI, UBI, SWFs and the industrial revolution.

 The industrial revolution really shook up the then current society.

The elites of the time, the Counts, Lords, and other Royalty elites of those times would not seen what was coming into the future.

The landed gentry, would not have expected the end of slavery, serfdom, and total changes of how wealth and status would change.

Its similiar with the AI revolution, there maybe great unemployment with AI that could lead to resentment and then high wealth taxes and then UBI.

Which could lead withe wealthy elites moving there capital and themselves offshore, it already has.

Most US tech companies are domiciled in Ireland where they pay little if any tax. If you has tax, they will tax there wealth and leave and give political donations to politicians to be left alone.

You may be able to fund UBI through SWF, or Sovereign Wealth Funds, like what is in Norway, UAE, and other countries. It may make sense for governments to treat information like the way oil is and taxed and put in a SWF and be used for the benefit of society, like education, possibly UBI or other things.

AI will probably change how we are governed. 

If elites can buy there way out of problems like they did pre industrial society we may have to change how we see and practice government.

If elites have first mover status and can suck up wealth before people understand how wealth creation has changed with this new technology, then can buy there way out and bribe politicians to give us UBI where we just spend the income at tech companies then its just a wealth transfer like during covid and could make inflation a bigger problem. 

I think we cant stop AI but could find a better way to tax tech companies for the free to low cost way they capture our data and use it against us and get first mover advantage.

Maybe thats through citizens owning our data and we get paid for it, maybe through UBI. Or other ways.

I want to transition to a society with more liberty and less dependence on UBI or and government hand outs that creates dependency. 

I dont know how it all unfolds but the cat is out of the bag especially in the US, China, probably Russia too.

Id guess the EU will be one of the first big losers but not all Europe. 

Not Switzerland, or Norway and a few other places where tax is low and culture still binds the citizens to continue to cooperate, IE high trust society, maybe Sweden but im not sure and Denmark too, it seems to me to becoming unglued their.

Im even thinking places in the South Pacific will be ok because no one cares about those places except maybe China and the US and to a limited extent Russia. 

In the end I expect this will be a huge wealth transfer to any who understand whats going on and plans for it and takes advantage of it, which unfortunately wony be everyone, especially in the Western middle class.

Good Luck.

Financial fraud is on the rise.

 

Financial fraud seems to be rising at an accelerating pace.

I just had an charge on one of my ATM cards that I rarely use, and the account balance is under 100 bucks.

I have multiple accounts for this vary reason. I can transfer money from my various accounts and use othet ATM accounts to spend or withdraw money if I need to cancel a card and have a new one sent out.

This seems to be happening more. This account is rarely used so I was surprised someone got access to it.

When I called the bank and talked to the fraud department, they told me the charge was made online and an address that wasnt mine was used. So the fraud department canceled the card and allowed me to dispute the charge and wait a few weeks to have the money refunded. 

Im just curious how my account was accessed.  Its not really important though, even if I rarely use it. I just canceled the card and be more aware of how I use all my cards and keep track of charges that dont make sense.

I cant add much accept to say the US Treasury Department has said with AI technology, there is and will be more fraud, and they invited all the high street banks into a discussion on what they plan to do to combat all this.

Im starting to think it may make sense to only buy with credit cards as its easier to dispute charges and get refunds and you seem to get more protection from fraud compared to ATM accounts, although thats changing. 

My other idea is to store some wealth offline in the form of gold and silver coins, and get some anonymous protection from criminals and other enemies. 

It maybe worth while to have and use USD dollar coins, and BTC stored on cold wallets, just to have some privacy and something to fall back on if you need to leave your legal jurisdiction and your banks, brokerages are frozen or just cant access to them for legal reasons.

These things like fraud, getting debanked are happening more and more in the Western World, and some other countries are copying Western World laws and customs,  which is sad.

The loss of liberty in the Western World is sad to see and explains why more and more people are leaving the West to be in lower cost of living places and to store money in banks like Singapore or even Switzerland if you can get an account there, or even the Caribbean. 

Even countries like Georgia are becoming fashionable to access places like Russia if your in the West or your Russian and need to transfer wealth from the West, or your stuck using BTC or USD dollar coins which works too.

Good luck our there.

I found a bike path in Alamogordo, NM.

 

I found a bike path just off Senic Dr. 

Its just off this green water tower, if thats what it is.

This bike path is in Alamogordo, New Mexico. 

It reminds me of the many bike paths in Phoenix, AZ. Mainly im thinking of Peoria, Sun City, AZ and the other county I cant remember. 

Anyways on these bike paths you can ride for miles, go bike camping in many places, and shop at Walmart, the Dollar store and many other places then go wild camping in the desert where few people bother you.

In AZ during covid they even put up bathrooms on the bike paths.

They look the same as this one I found on the bike path here in Alamogordo, NM.

Near this one is a place your car or park if you have one and a few picnic tables to either rest at, cook your food or just rest 

You could camp out there before or after the sun went down or just in the desert where no one could see you.

You could hide your bivvy sack and backpack then ride into town and hang out in the library and charge your phone, use the bathroom and if your disposed ask for help getting food stamps, a shower and place to have ID sent to if it is an issue.

My friend in Guatemala told me thats what he did in California when he was homeless, then just lived in the desert until he left for Guatemala.

This place place, bike path even has a bridge into the local neighborhoods,  its pretty cool.

The whole area is cool and quiet and you can hear the insects at night. 

I bet it would be an interesting way to live for a few months if you had too.

I bring it up because like in Sun City, AZ you see so many homeless people just camping in the desert nowdays,  its sad to see anyone live like this especially older women,  which I saw when I was their riding my bike all over the place including the gold dealer.

Here in Alamogordo I dont think theres any gold dealer to sell you coins to for cash.

Anyhow I thought it was a nice discovery to write about and talk about.

Theres even people in Quartzsite, AZ who camp in the desert ride there bike or electric bike into the local fast food joint and work for three or four months and save up money for there next adventure. 

You could do that here even Sun City, or here and then save money get on a plane use your passport and start again in Cambodia or Philippines. 

Good Luck, Happy Hunting. 

More strategies to protect your wealth.

 

Asset protection is talked about a lot nowadays.

Its usually aimed at wealthy people and usually the strategies are borderline illegal to not practical when it comes to taxes, but it makes the lawyer's wealthy and the clients have a false sense of security.

Usually the lawyer's will suggest LLCs offshore or domestic with trusts thrown in for good measure. 

  Often the trusts dont help and the offshore corporations dont really offer any privacy for North Americans.

Many times clients are surprised theres no privacy and governments can reach out and touch them.

They often pay tens of thousands of dollars if not more and find out they are not complient with reporting requirements and taxes.

Sometimes when they return to the US they are greeted with Treasury officials to IRS officials and detained for hours while they learn of there lawyer's mistakes and how they the client has little recourse. 

Anyhow the easiest of solutions is to just get the assets out of jurisdiction into either a bank account in your name or a gold storage facility where the account may not even be a reportable event. 

Owning real estate isnt a reportable event for most people and at least you can live in it, possibly rent it out for income.

Usually youd want residency so you can easily open bank account manage real estate expenses and taxes through the account.

Not to mention you can live work or play with most residencys, which can come in handy if your home country is suing you or its just unpleasant to live in and do business in.

If you still have a US LLC you can still do business and get credit cards and banking through it and the account would be in a corporate name if thats needed.

If the clients are all Americans easy to comply, if clients are offshore maybe another entity maybe called for. As always get legal help and stay compliant with all tax laws of your home country and residency. 

These are just a few ideas for average North Americans and getting residency isnt as costly as in the past so can be cheaper than offshore trusts and corporations ect.

Its also simplier and easier to manage time wise and money wise. With the exception of lawyer's for residency although not always needed if in Europe or parts of Asia like Japan. 

Theres more to these things and just a few ideas to get out of the trap of North America. 

Happy Hunting. 

How older people protect their bank accounts from medical debts, bank garnishments and other creditors.

 

Nowdays with high hospital bills and no insurance, people end up with massive bills they cant pay. Its now similar with credit card debt 

Many older folks now use debt to there benefit knowing its different for creditors to freeze a bank account or sieze the check.

How they protect themselves isnt really difficult or hard. They use the law to there benefit.

For one thing assets in a 401K are protected by ERISA laws. Even in bankruptcy they cant be taken. Its similiar for ROTH accounts, the money cant be taken in bankruptcy either.

So older folks use those benefits to there benefit by going through bankruptcy or having the creditor writing off the debt. 

In some States the statute of limitations is two years, like Iowa. If after two years a creditor comes after you, you can just take them to court and get damages for whatever injury you endured. 

Of course all States are different and theres exceptions sometimes so you need to do your research.

Another way the creditors can get money is by putting a lien on your bank account. The thing is social security is protected by law and banks know this.

The federal law says you can have up to two months of a government pension check, social security check, and other pension checks like rail rode pensions and State pensions. 

So if you have 1k check you can have 2k protected from seizure. 

Most creditors know this but if they dont the banks do, if there still is a seizure or mistake you can file documents at the court and get your money back, but it takes time.

So its useful to have cash, folding currency hidden away somewhere or an offshore bank properly set up and reported to uncle sam. If its over10k it needs to be reported.

Wealthy people have bank accounts set up abroad to protect themselves from creditors and other bad actors.

Nowdays most offshore banks dont want North Americans as clients because of compliance with uncle sam and if they do the deposits need to be substantial usually 250K or more.

Obviously theres exceptions to this rule if you have a second passport or residency set up somewhere, then its usually a few hundred dollars to set up a local USD account or USD account. 

More and more expats/ retirees are doing this and using credit to there advantage. 

If you need to hide cash from creditors you can always withdraw cash to be under the limit,  or buy gold coins stored onshore or offshore or just in your shoe box. 

Off course if you get into a lawsuit youll have to disclose these things, or lie under court, which I dont recommend or suggest.

What many do if it comes to it is get out of jurisdiction and have a friend or lawyer handle it.

There are law firms who handle debt negotiation for low prices and NGOs to.

They usually specialize in helping elderly clients but also help with medical debts no matter the age.

A lawyer can help you disguise your assets without breaking the law, or get caught up in fraudulent conveyances. 

As always theres more to this but I just wanted to offer a few ideas to help people survive and prosper as the empire declines or maybe its just the beginning. 

We still have a lot of liberties in North America so we are better off than most to survive and prosper come what may.

Good Luck, Happy Hunting. 

Mike Green, oversavings, Covered Call ETFs,

 

Mike Green, from Simplify https://www.simplify.us/ just put out a new article. 

If you can get on his mailing list, I believe its on Sub stack.

He wrote a pretty good article about how older Americans are over saving in their retirement accounts and brokerage accounts to meet their retirement needs when they retire.

All this causes a rising share market and problems with younger Americans not being able to enter the housing market and even employment market.

He pointed out how you can invest 1 million dollars into 5% long government treasury bonds, get 5% the rest of your life and not spend your principle, add in social security and the fact when you retire your cost of living goes down and inflation maybe over stated, which has lead to people who dont even spend all their social security or even their private pensions.

All this has lead to over valued share markets and under valued bond markets, which of course creates opportunities for some.

What I find interesting is I see this reflected in people's actions. I see people retire overseas for a fraction of the cost of living in North America. 

I see them live on much less than there social security checks and actually save money and add to there savings. 

Which brings up covered call ETFs and there high income, pay out dividends.

I see people buying them to get the income and retire from the employment market. I see this a lot with younger employees, as Mike points out theres less incentives for the younger generation to be productive in the employment markets.

They are not able to earn enough from jobs to buy houses, save for retirement so in many cases drop out of the market and live on state aid, or built up investments and live in low cost places like Latin America or Asia.  Or in vans ect.

All these incentives have distorted peopls incentive to be productive, which benefits older Americans which causes them to save more which distorts markets more.

All this causes flows into share markets, which incentives gambling in shares amongst younger Americans or gambling in general. 

It also seems to increase addictions and anxiety among younger men and women.  I would also say all age groups are loneier than ever, despite the abundance we have created in North America. 

Its all very sad and may result in disaster in the next few years. I mean a recession, and share market crash or long term sell off.

Im still optimistic about the future for most people and only time will tell.

Good Luck. 

Philippines, great places to live cheap.

 

I just saw a video from one of my favorite YouTube bloggers.

He was in Manila, visiting his friend,  an American Doctor I believe. 

He showed a nice condo area, I cant remember the name of it, but in the facility there are condos, two bedrooms for 400,00USD and up. 

It had a huge swimming pool on the ground floor, it was outside.  It had a nice gym, and in the neighborhood a bank, Starbucks and nice grocery store.

It reminded me of nice places in Guatemala. Where you can walk to everywhere and its safe, not much traffic and easy to park a car or motorcycle if you want to buy one.

As the YouTube gentleman said, 400 plus utilities and food and immigration fees would be under a thousand USD per month and unlike the province you have everything you need. 

It got me to thinking how much everything in the west is over priced. 

He even mentioned the condo would be 50usd just to buy it, not much.

I had forgotten how much the Philippine peso has fallen during the current war. Inflation in the Philippines is about the highest in Asia right now.

Most people will not believe me but in the less nice areas you can rent gor 80 to 160 be in an ok area, close to malls, wet markets street food ect and live on 500 to 600 a month, and build up an online business and when you get a good month fly to the beaches of the province and just relax for a few days or weeks at a resort.

Of course most North Americans wont do that, although you are hearing more and more are making the move or at least thinking about it.

Similar can be done in Cambodia but its not as developed but the costs can be lower and a little easier to make the adjustments. 

It takes time to make the cultural adjustments and the Philippines can be easier partly because of English and history and culture. 

Sometimes im surprised more people arent doing this but think over time many will especially in Europe because governments their aren't giving people reasonable chances to prosper and live in peace.

Thats it for now.

Happy Hunting. 

Escaping the matrix is getting easier and cheaper despite the inflation spike.

 

I see more and more videos of North Americans leaving Canada and United States living in Asia usually or even Brazil, I even see Brazilians and Mexicans living in Asia too.

Its never been easier and cheaper to get on a plane and go to where you are treated best from a tax and liberty point of view.

I know quite a few people now and from ten years ago who went outside there country of birth and teach conversational English or college course English lessons, college degree or not.

An American acquaintance of mine was from the southern United States, an exutive from corporate america, quite his job went to  Brazil, taught English, then started his own online business,  got Brazilian citizenship, then as he got older sold up and moved to Thailand, I haven't heard from him sense. I was on his email list.

Anyway I know a few men and women who still teach English online for small or large amounts of money and prefer it to living in America or the EU, UK.

Which brings me tothe few men and women who sometimes live on 300 to 500 a month in Thailand, Philippines, even Cambodia and Indonesia. 

Sense I dont get comments on this website ill talk about it.

You would be surprised how many people still live on this amount and build up sidelines business in addition to teaching English online and dont end up in poverty living on the streets of Manila, which still happens sometimes even more than id have thought.

There are still a few websites that will help you get clients for teaching online, no college degree or anything. The pay is low usually 12 an hour sometimes five an hour in Eastern Europe.

Even if you work part time its enough to pay rent, visas, and food until you build up the income to save some money or just spend more.

If you combine that with dividend income ETFs or a small pension its enough to escape the Matrix/ rat race.

Nowdays you see more people doing that in the US and living in their vans and when they have saved enough and built up an online income, sell the van and get the passport and leave for Latin America or Asia or the Pacific region.

Teaching English online still works which does surprise me but a private tutor whos a human still beats AI tech at least for now.

Good luck.

Polynesia, Philippines, Saipan, Micronesia

 

I think all these places are in the Pacific, or what I understand to be Micronesia, or North Pacific and South Pacific. 

Sense I was a young boy, I have always been interested in these places, especially the Marshall Islands.  I remember seeing a tv episode on old pictures and videos of soldiers in the Marshall Islands and people swimming in water that was clear as day.

Every sense I have wanted to visit there and learn about the history and culture there. 

Ive only been to Philippines and can say its much more different that Thailand or Cambodia, even the language Tagalog is pretty different.

I suppose the clear blue water was very attractive to a young boy so thats what I liked about it. Also I never felt a part of American culture,  I always felt I was on the outside looking in.

Anyways when Im in the province of the Philippines I have always liked swimming in the sea and seeing sea horses and other tropical fish.

Unlike others I like the food in the Philippines so that was nice too.

If you dont eat much of imported food your cost of living can be pretty cheap.

My friends in Saipan say the same.

The cultural things there are different than North America, people are really close there and theres little privacy.

If you stay in the Philippines long term you will learn that. You will need to be a part of your community or you will not fit in.

I think I liked the patience people have there, and the saving face they have, but it takes time getting used to 

Id like to visit more places in the Pacific next time I get out their. I look forward to visiting Saipan possibly living their.

As the American Empire starts to decline Saipan looks more interesting place to live in. Even with all the storms they have. The infrastructure looks better in Saipan than the Philippines but even Luzan is looking better and better everytime I go back their 

Even the healthcare options in Manila are better than twenty years ago.

I think as technology progress it will be easier and easier to live their, it may fall off the map of the general public but that maybe an advantage to some.

I see more young people from all over the Western world including Russian s going to these places in the Pacific. 

I wish I had more to say about the Marshall Islands but can only go by what I have read about it.

It has similar problems like most of the West, young people leaving for better opportunities, depopulation, not very good medical care. High costs for importing food and other goods, so not convenient.  I have heard you can order from Amazon have it delivered and it gets there in a month or two. Thats not bad compared with twenty years ago.

Its similiar to the Philippines,  you can order from Amazon but its a pain on the neck and youll pay taxes. 

Almost better to order have it delivered to Saipan pick it up there, then fly back to the Philippines. 

Youll need high income to do that but more and more are doing the planning logistics and doing it.

Good luck, and happy hunting. 

Is it worth it to still be productive in the US?

 

Is it worth it to be productive anymore?

When you see and hear all the people who are on benefit, as they say in the UK, you begin to wonder if you should continue working or work your business, considering all the tax you pay, not to mention the inflation tax we all pay, when government inflates the money supply to pay for benefits. 

Well I think you should especially if you dont have enough to retire on and reposition yourself in a lower tax jurisdiction, and lower cost price of living outside the West.

Im not sure giving up and living on welfare and section 8 is really worth it considering the lower standard of living and loss of self esteem.

I still think its worth puting capital in ERISA accounts and ROTH accounts not just for tax reasons but for asset protection. People under estimate asset protection when you consider how easy is is for creditors to seize your assets under false pretense and the cost to even get assets back.

Once you get enough assets offshore or onshore its much easier to leave the Matrix and move to a more gentle tax jurisdiction and lower cost of living place,  the world is getting easier to live in and theres often nicer people to live next to and much safer to live work and play in an safer environment. 

I also believe just giving up and not being productive, is hard on your sole.

If you live in North America, its still pretty easy to save money, put it into productive ETFs to earn monthly income while starting an sideline income.

Its also never been easier to learn where and how to live anywhere in the world that might interest you.

Its also never been easier to earn enough income teaching English online and making enough to survive and save money. Obviously theres other ways but thats what I see on social media and some of these people I know personally. 

Its even stilm possible to get pretty wealthy over time doing those things without the stress of living in North America or Europe.

The other consideration to make is I know people who worked five years and have saved enough to never work again and just live off investment income and now income from there small consulting business,  YouTube channel.

These men and women are in there twenties to fifties, im learning its never to late to start and now its never been easier despite the regulations, tax, and inflation .

Its still easy to get a passport in the West, ATM accounts, with credit cards to get you out of emergencies. Even credit limits are pretty high in the West, at least in the US its still true 

So yes, I think you shouldn't give up and still be productive for as long as you can and enjoy life anywhere you want in North America, or Asia. Or even Micronesia.

Thanks for reading, good luck.

Donald Hoffman, you live in a simulation.

 

I have listened to Donald Hoffmans latest interview many times.

He has had many over the years, talking about the possibility we may live in a simulation. 

He has now I think gotten more spiritual over the yeas of interviews he has done.

He reminds me of Chase Hughes as far as open mindedness and spiritual ness 

Donald seems to be convinced we live in an matrix/simulation. As I get older and hear this, I become more open to this.

It brings a lot into question about the things I believed as a younger person but probably dont believe anymore.

Donald seems to think this is a national security issue. As wealthy people tap into this idea and research it, it will become obvious, that there maybe ways for governments and corporations to take advantage of these things to create wealth and power that takes advantage of allies and enemies.

I just like the idea that we may not die like we think and that we are all playing a role in the universe that we barely understand. 

This understanding of this view of the world is so new I dont have much to say accept more people are open to it and these people are from all walks of life.

As an generalization im more optimistic about the future that most despite peoples worry over depopulations and economic downturns, and the current wars going on.

I also see an interesting thing happening in Russia our competitor and sometimes enemy. Its a spiritual awareness, awakening going on there, if you watch YouTube videos of people there its just under the current of awareness. 

Anyway thanks for reading. 

Trend following, momentum, the financial world is changing fast.

 The machine as some people say is changing markets fast. As AI tech and capital meet, it seems to be changing the old world of 60/40 investing fast.

Most investors cant seem to adjust to this new world of money printing, and booming world of wealth creation. 

Most people still seem to accept value investing as a way to either beat an over valued market and or beat inflation .

As markets adjust to this new way of investing trading more and more people are accepting trend following and momentum investing,  trading because it works and it seems to be the new world we are going into.

As corporations, governments learn to manipulate the markets and appear to be successful, more market participants seem to accept these changes and are adjusting there investing and trading strategies. 

As more wealth and prosperity is created all over the world, I believe we will not go back to the old way of doing things.

I have come to accept the momentum and trend following results im getting and the new ETFs that have been created to take advantage of these trends.

As Wallstreet sees these results they will change there way of trading and create a new market thats not like my Grandads market.

I believe we are seeing the clues underneath the surface of the market and as results come in it will change everything for the good.

Im not sure many see this so if you get in now you may get the better results than others.

Im more optimistic on the future than many 

I think as people see these results and use them in there own business it will create prosperity that hasn't been dreamed of.

When you combine this with depopulation and the AI boom it will become more obvious.

It will create a world where you can live work or play in many parts of the world and be safe, low taxed, good health care, low cost of living and the opportunity to be productive long into your retirement years.

Thats all I have to say today. 

Good luck, be lucky