Commentary: How to obtain real Independence!
Minimizing the State’s ability to coerce you.
by Nick Giambruno
July 4, 2023 - Every July 4, Amerikans have less independence to celebrate.
Although the country’s original principles enshrined sovereignty for the individual, today those ideals are ancient history in practice.
In light of Independence Day, I think we should consider an important question.
What does real independence look like, and how can you achieve it?
It might be better to start with what it doesn’t look like:
- The cumulative effect of income tax, sales tax, property tax, capital gains tax, estate tax, and countless other taxes
- Vaccine mandates
- Travel restrictions
- Legal tender laws, which force people to use rapidly debasing government confetti as money
- ESG social credit scores
- Central Bank Digital Currencies (CBDCs)
- Forever wars
- The gutting of the Bill of Rights
- The need to comply with an ever-growing stack of regulations, mandates and laws
- The politicization of the justice system
- Government and Big Business promoting cultural degeneracy
This is just a short synopsis of the current state of affairs. The list is far from complete.
Here’s the bottom line.
It doesn’t matter which political Party is in power. They are all headed in the same direction, albeit at different speeds.
Somehow, someway, the government will keep squeezing your pocketbook harder. It will keep subjecting you to escalating, arbitrary, and burdensome regulations, restrictions and taxation.
It is only prudent for most people to expect there will be more government and less freedom.
However, there is a way you can still secure real independence.
Most people have medical, life, fire, and car insurance.
Of course, you hope you never have to use these policies, but you have them anyway. They give you peace of mind and protect you if and when the worst does happen.
Think of international diversification as the ultimate insurance policy against an out-of-control government. I call it “Freedom Insurance”.
International diversification is a time-tested route to true freedom. Wealthy people worldwide have used it for centuries to protect their money and families effectively.
Now, thanks to modern technology, anyone can implement similar strategies.
In many cases you don’t even need to leave home.
You can start by…
- Buying some physical gold and silver. Both are inherently international assets and not under the control of any government.
- Moving some of your money into foreign bank accounts.
- Owning foreign real estate.
- Obtaining a second passport.
- Structuring your cash flows so you’re less dependent on any one country for your income. The goal is to create multiple sources of revenue from international investment opportunities and trends. Bonus diversification points if you do all this through an offshore company domiciled in a favorable jurisdiction.
- Moving your digital presence - email, website, cloud storage - to countries with the best privacy guarantees, among other things.
It may seem daunting at first, but it really isn’t.
These are all necessary steps to ensure your personal and financial freedom to the maximum extent in the coming chaos.
Setting up your own “Freedom Insurance” is how you declare your personal independence.
It frees you from absolute dependence on any one country, making it challenging for any state to coerce and control you.
When you achieve that, you’ll know what real independence looks like.