How to Get a Second Passport
How to Get a Second Passport by Nick Giambruno – International Man
The biggest threat to your personal freedom and financial security is the government, hands down.
Today, skyrocketing government debt is only making that threat worse. In the US, the bill amounts to more than $167,509 per taxpayer.
At some point soon—in a desperate attempt to squeeze citizens for every penny—politicians will try to further restrict people’s movements. They may even prohibit people from leaving outright.
Wealthy people are always the first they trap. New Jersey already hits certain taxpayers fleeing that sinking ship with an “exit tax.”
There’s also a federal exit tax. It’s a significant blow to wealthy people giving up their US citizenship.
But wealthy people (and Americans across the board) are not the only ones at risk.
Many countries have notoriously turned to people controls at one point or another. For example, the Soviet Union routinely revoked the citizenship of its perceived internal enemies.
In Castro’s Cuba, the government made citizens apply for exit visas to leave the island. It did not grant them easily.
Or look at how the US government revoked Edward Snowden’s passport with the stroke of a pen.
This all reinforces a grave truth… You don’t own your passport or your citizenship. The government does. And it can use that as a weapon.
If you hold unpopular political views, don’t be surprised if the government restricts your travel options. The same goes for wealthy people who want to leave a country in financial trouble.
The good news is, you can do something about this problem…
A second passport is your best insurance against any out-of-control government.
You probably know the benefits of diversifying your investment portfolio. If you put all of your asset “eggs” in one basket, you could lose your entire portfolio if that basket breaks.
The same idea applies to political risk… the risk bureaucrats and politicians pose to you.
Most people have medical, life, fire, and car insurance policies. You hope you never have to use these policies. But you have them anyway. They give you peace of mind and protection if the worst comes to pass.
International diversification is the ultimate insurance policy.
I call it “freedom insurance.”
It frees you from dependence on any one country. Achieve that freedom, and it becomes extremely difficult for any one group of bureaucrats to control you. The results can be life-changing.