Kommentar zu Offshore-Einlagerung von Gold und Silber | SWP Cayman

Branchenkommentar

Lesen Sie die Kommentare von Branchenexperten und SWP-Feuilletonisten.

Von folgendem Autor: Jeff Thomas

Jan 5, 2021

There’s a well-known old fable that describes a frog being boiled alive. It states that if a frog is dropped in boiling water, it will hop out. But if it’s placed in lukewarm water, it will be comfortable. Then, if the heat is turned up slowly, it will not perceive the danger and will be boiled to death. In political terms, this translates into a slow increase in, say, the slow rise of taxation or the gradual removal of freedoms. But there’s another way to boil the electorate of a country: have them become willing participants in their own demise.

Dec 30, 2020

There’s an investment legend that, in 1929, Joseph Kennedy (father of the late US President), living in New York City, stopped on the street to get his shoes shined. At that time, shoeshine boys were ubiquitous in the business district of New York. The shoeshine boy offered Joe some stock tips. Joe decided that, when even shoeshine boys are offering stock tips, it’s time to get out of the market. He sold off his entire portfolio immediately and the crash came soon after, leaving him with his wealth intact, at a time when so many others had lost theirs. Is the story true?

Dec 23, 2020

“Whichever party gains the day, tyrants or demagogues are most sure to take the offices.” The quote above may cause the reader to nod his head, as throughout much of the world today, we are witnessing a distinct lack of choice in “democratic” elections – a “damned if you do; damned if you don’t” choice of equally incapable and even dangerous candidates. However, the quote is from 1841 and was made by New York Assemblyman Clinton Roosevelt, a distant cousin of Franklin Roosevelt. The Roosevelt family occupies a recurrent and pernicious place in American political history. Other relatives of President Roosevelt include not only the obvious Theodore Roosevelt, but John Adams, John Quincy Adams and Martin Van Buren. More interesting is that, early on, the idea of a dominant central government became the focus of the Roosevelt family

Dec 16, 2020

In 1984, St. Kitts & Nevis offered, for the first time, Citizenship by Investment, or CBI. The idea was that, through an on-island real estate investment of $400,000, or a one-time “donation” of $250,000 to the government, a non-Kittitian could receive citizenship within a few short months. To gain citizenship, he would not be required to live in the islands, nor even to visit them. But his new citizenship would allow him to live there if he chose to do so, without obligation to pay any income or capital gains taxes locally. In addition, his new passport would be honoured in 132 countries, providing him with tremendous freedom. Not surprisingly, the programme was inspired by the knowledge that many countries in the former “Free World” have become increasingly rapacious as regards their citizenries. As is always the case historically, when once-powerful nations find themselves in a state of decline, rather than correct the problems they have created, governments tend to squeeze their people even harder. Many of those people then seek a means by which they can exit the clutches of their governments, but the lack of a second passport often enslaves them to the country of their birth.

Dec 1, 2020

For the last four years, Americans have become increasingly polarised – divided between Democrat crusaders who are determined to save America from becoming a racist, sexist Nazi dictatorship under Donald Trump, versus Republican crusaders who are determined to save America from becoming a liberal Marxist state under a Democratic reign. This fervour has become so extreme that families can no longer meet for the holidays without a conversational blow-up. No longer are people “entitled to their opinions.” This has become a crusade between Good and Evil. (“I’m good. You’re evil.”) Until November, the great majority of Americans appear to have been hoping that the November election would end this strife one way or the other. My take on this has been that the opposite would happen after 3rd November. The fireworks would increase exponentially after the election. The election would be hotly contested by whomever was the apparent loser.

Nov 24, 2020

For many years, I’ve been advising people on what I’ve perceived as a coming economic crisis that would carry with it both a political crisis and a social crisis of epic proportions. These three arrows would be concurrent, with each one exacerbating the other two. Not surprisingly, many people have been either unwilling or unable to accept that such a major series of events might take place. However, the writing is now very much on the wall and even those who don’t really understand the crisis have a feeling in the pit of their stomachs that unfolding events will end very badly.

Nov 17, 2020

The new millennium has been marked by increasingly dramatic economic change. Economics is (or should be) easy to understand. It’s essentially the production, consumption and transfer of wealth. The transfer of wealth normally takes place as a result of the balance between scarcity and demand. However, over the ages, there have always been those who have sought to alter or pervert economics for their own ends.

Nov 10, 2020

For many years, I’ve described a period that I envisaged to be in the future, in which much of what was considered “normal” would change dramatically. For most people, this would one day be looked back upon as previous generations looked back on the world wars or the Great Depression – a time of devastation, in which many people lost all or most of what they had had. But for some, especially those who foresaw the change, this period would one day be looked back upon as the time when their fortunes changed dramatically for the better.

Nov 3, 2020

There’s an old saying that the way to boil a frog is to put him in a pot of cool water, then turn up the heat. He remains in the pot because there’s no single increase in temperature that’s startling enough to make him jump out. For Ratimir, the jumping point was when the Rule of Law that protected his liberty began to break down – that is, when the political authorities supported the cessation of the Rule of Law – that was the time to pack up and go.

Oct 20, 2020

For the entire lives of anyone under the age of seventy-five, the US has been at the top of the heap in almost every way. For decades, it had greater freedom, greater prosperity and higher production than any other country in the world. America was a cornucopia - the centre for innovation and trends in technology, the arts and social development. And today, many Americans, even if they complain about changes for the worse in their country, come back quickly to say, “This is still the greatest country in the world.” Or, “Everybody is still trying to come here.” Well, truth be told, neither of these knee-jerk comments is accurate any longer. But even those who have come to that realisation tend to resort to the inevitable fall-back comment: “Well, whattaya gonna do? It’s just as bad everyplace else.” And yet, this is also inaccurate. Throughout the history of the world, whenever a country had entered its decline stage, others were in the process of rising up.

Subscribe to our Free Newsletter

We will use your information to send you our quarterly newsletter, product promotions and company alerts by email.