What Happens When All Financial Privacy Is Gone?

Very soon, within a few years, it’s going to be extremely difficult, if not outright impossible to own real assets without most governments in the world knowing about them, as well as the details behind your assets.

This includes assets that were once more resistant to this kind of thing, like crypto and foreign real estate.

Outside of the West (for the most part), there are the CRS countries (Common Reporting Standard). These are 103 countries that have all signed treaties where they will report all of your assets, including cryptocurrency in an exchange to any other CRS country you visit or live in.

Great.

And the list of CRS countries grows every year. Even my second home of Paraguay will join this organization in 2027.

Then you have the Collapsing West, which is behind the OECD (Organisation for Economic Co-operation and Development), an organization made up of 38 countries, including all of the bigger Western nations plus a few Asian and South American ones.

This wonderful (meaning authoritarian and globalist) group of countries has now implemented structures where if you own property (like real estate) in any of these countries, it will be reported to all of the other ones.

They will even mandate that you have to report yourself as the owner of these assets even if they are held in a private trust.

Great.

If you are an independent, sovereign thinker (and there are very few of us left in the world), you’re probably thinking something like, “No problem, I’ll just own assets that aren’t in any of these countries.”

That is, of course, the correct way to think, and good for you.

The problem is that the CRS, OECD, and other globalist organizations put together blacklists of countries that refuse to go along with this authoritarian bullshit to bully these independent nations into submission. These countries then risk suffering economically if they don’t play ball.

Case in point: my primary home in Dubai, UAE.

Why does the UAE now have a (small) corporate tax when before it had zero taxes?

There are several reasons but the biggest reason is the OECD.

Neither of my home countries (the UAE and Paraguay) is an OECD member, which is exactly the way I like it.

However, a few years ago, the OECD, comprising most of the largest economies in the world, put the UAE on a sort of blacklist which made it difficult for UAE banks to do business internationally and to work with international clients.

This was a problem for the UAE whose sole goal is to be the number one economic hub of the entire world. (It’s a goal they are already close to achieving and may achieve in our lifetimes.)

These high-tax collapsing Western nations didn’t like the zero-tax prosperity of the UAE stealing their thunder, so their message to the UAE was, “Okay asshole, we’re going to blacklist you until you implement some kind of income tax like we have.”

And sadly, the UAE was forced to comply, implementing a 9% corporate tax when before it had zero.

To be fair, 9% is still the lowest nonzero corporate tax rate in the world, and people like me would be more than happy to pay tax rates like that rather than pay Western corporate tax rates of 20-40%, but it’s still a little higher than zero.

So then the OECD said, “Good boy,” and removed the UAE from the blacklist, declaring it an OECD “partner.”

Shit like this is going to continue to happen over time.

Are there still legal ways to hide your assets from foreign and domestic governments?

Yes.

Will there continue to be ways to do this in the future?

If you’re location independent and live a five flags international lifestyle, yes (otherwise no, just stay in the Collapsing USA and people like Hillary Clinton will know everything you own everywhere in the world).

I’m just saying that as time goes by, this will be more difficult and complicated to do. And it will be essentially impossible if you live the rest of your life in the Collapsing West or even in a non-Western lapdog OECD state like Japan or Turkey.

Make more money, gain more assets, and internationalize as soon as you can. Otherwise you’re just asking for trouble.