Act now, before it is too late.
How can you protect your ‘nest-egg’ in the ‘New Normal’ Covid 19 era?
I believe that the Covid restrictions are going to continue for many years for a number of reasons. Governments are enjoying their control over the masses, having got away with abuse of power and removal of people’s rights. The masses have been convinced that this is in everyone’s best interests, to protect them from Covid. Governments are unwilling to withdraw restrictions, and instead have diverted the masses, attention towards other issues like saving the planet, Woke thinking, BLM and LBGTQ issues.
Governments continue to get support from the masses, with socialist-style ‘paid to stay at home’ handouts and subsidies. A significant number of work-shy layabouts are happy staying home and playing online games all day. The more responsible working class have been convinced that this is the best way forward, and have diverted their focus to working online. The middle class have diverted their energies to green issues.
Those that are not in favour of the modern thinking are sitting quietly on the side-lines, too afraid to speak out because of the risk of being attacked and humiliated for daring to have an alternative opinion.
Traditionally in ‘old world thinking,’ the socialist way of life was funded by the taxpayer. However in the ‘new world thinking,’ this socialist way of life is being funded by the taxpayer PLUS unprecedented epic proportions of printing money. In the last ten years of living beyond our means, everyone was hoping to kick the can down the road. However I believe the current scale of printing of money is not going to end well, and is in fact going to fast-forward the consequences, resulting in the can landing squarely in our back yard.
I see the West on the decline, possibly even on the verge of disintegration. I see Russia patiently hovering in the background, waiting for Europe to start fracturing, and the Middle East poised to throw any spanner in the works that it possibly can. In my opinion, Asia has the best long-term future prospects.
Many people’s nest-egg portfolios consist of a mix of high-risk paper investments (shares, stocks and cash currency) which can give large returns — or alternatively be wiped out overnight in a crash. There are often the ‘schlepables’ (valuables that can easy be taken with you in the event of a crisis) consisting of gold coins, stamp collections, jewellery, etc. which do not always perform well, but tend to hold their value. Property tends to be stable, and will generally recover its value after a crash, however cannot be liquidated quickly in an emergency.
I suggest that, as an additional precaution, you also consider splitting the risk between the West and East. In the event of governments’ continuing their suicidal financial policies, it is now time to divide your nest-egg with a portion outside your home country, and preferably in a safe Eastern location like Singapore. One can reasonably expect governments to impose foreign exchange controls to shore up their balance of payments and reduce outflow of capital. You would need to take action now, before it is too late.
It also may be prudent to look at legally buying (acquiring) an additional passport and nationality on another continent. Your ability to be able to move quickly becomes crucial, similar to Jews who read the writing on the wall in Hitler’s rise to power before the Second World War. It is easy to have hindsight afterwards. I think that having ‘hindsight’ now may make the difference between easy retirements and having your ‘nest-egg’ wiped out or at least significantly devalued.
Quality of life for retirees in the West has significantly deteriorated, and it is now prudent to also look at setting up an alternative home in Asia, even if it is only for part of the year. We have chosen to live in Chiang Mai, Thailand, which really suits our lifestyle. We feel safe, respected for our age, enjoy almost no Covid restrictions and are free to travel around the country having fun and enjoying ourselves for far less than the same lifestyle would cost in our home country, thereby extending the lifespan of our ‘nest-egg’.
Blindly hoping that our leaders know what they are doing, and that they are in fact looking out for our best interests is not likely to keep you afloat in the looming financial meltdown. Act now, before it is too late.
Fed up with your current lifestyle? Too much stress? Time to make a move? Time to retire in peace and tranquillity? Time for your seniority to be respected? Looking for a low-risk Covid environment with all personal freedoms and almost no Covid restrictions?
Where is the grass greener for retirees in the Covid Era? Contact me to explore your options.
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