Never Have All of Your Money In One Country

This is one of those things that should be obvious in the collapsing era in which we live, but I guess people need a reminder about this.

Thailand, a country a lot of expats really like, recently shut down or froze the bank accounts of numerous foreign residents who didn’t 100% follow their residency rules (which change all the damn time).

Vietnam, another country a lot of expats really like, recently ordered the deletion or deactivation of millions of bank accounts lacking biometric authentication.

If your emotional, irrational response is “Well, that’s Southeast Asia, it would never happen here in the West,” um, no, wrong.

Ireland pulled money out of people’s personal pension funds.

Poland seized people’s private pension accounts and moved them forcibly into state-controlled systems.

Cuckoo Canada seized and/or froze the checking accounts of hundreds of people just because they donated money to a political cause.

Italy, Argentina, Ecuador, Cyprus, and many other countries have stolen people’s money or frozen or deleted bank accounts in the past.

So listen very carefully…

If your cash net worth is less than about $35,000 then do whatever you want because it doesn’t really matter.

But if you have cash and/or liquid assets of more than that, you can not have 100% of your assets in any one country. That’s insanity.

Otherwise, if anything ever goes wrong with that country in the future (and if it’s a Western country, there will be a lot wrong) you risk some or all of that cash.

And if you lose it, it won’t be the government’s fault. It will be yours.

And yes, this counts even if that one country is the Collapsing USA. You have to be completely retarded to have 100% of all of your assets in the Collapsing USA, an insane, left-wing, rapidly collapsing empire with $117 trillion of debt it can’t repay and full of drug-addicted people who hate each other.

I will never, ever have 100% of my assets in any one country, including rising non-Western countries and including the countries I really like.

It’s even better to have multiple bank accounts in every country where you have assets. That way, if you have any problems with that one bank, you’re still functional.

To be clear, I’m not saying you have to have ZERO money in the USA or any other country. I still have a few checking accounts with some operational cash in the USA and that’s fine.

I’m saying that for your cash reserves and your long-term assets, you need to diversify among countries. Spread them out over 3-5 different countries at least.

Don’t have all of your cash in one country. Jesus folks, that’s just asking for trouble.