Saturday, July 28, 2012

One of the scarcest resources in the world


sovereignman.com / By Simon Black /

Trakai, Lithuania

We’ve spoken before about the importance of a second passport. It is, in short, one of the best insurance policies you can have.

If you only have one passport, you become trapped by a single government– a government that has the power to tax you into the poorhouse, steal your assets, send your children into combat against their will, and much more.

A second passport provides options. And the more options you have, the more freedom you have.

With a second passport, you’ll find that you can bank in more places, do business in more places, travel to more places… and that’s just the beginning.

In a real crisis situation, a second passport may be the only ticket out. We can cross our fingers and hope this doesn’t happen, or we can take steps to have this vital insurance policy should the need arise.

Now, some people are really lucky. They happen to be descended from Irish, Italian, Polish, etc. These countries have a ‘citizenship by ancestry’ option to anyone who can prove ancestry.

Others have to work a bit harder for it. They have to move to places like Brazil, Chile, Uruguay, or Singapore and eventually become naturalized after a period of several years.

In Brazil, for example, it can happen in as little as one year. In Singapore, as little as 2-3 years. And in Chile, typically 5 years.

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