Wealthy people the world over have come to a general consensus: it is not wise to keep all of one’s assets in one’s home country. As the currently most prosperous nations of the world continue to build up their debts in relation to their GDPs, changes are coming. Many investors have already seen a steady erosion of not only their economic freedoms, but also of their privacy. It appears that the entire northern hemisphere has become socio-politically unstable.
WORLD REACH
The Middle East, having been tumultuous for over 60 years, is worse off now than ever. Even the once wealthy nation of Saudi Arabia is now having financial difficulties resulting from the advent of stubbornly low oil prices.
Europe, once a bastion of civilization itself, appears to have begun a descent into chaos resulting from its immigration issues. Though this migrant crisis provides moving headlines, it is only the icing upon a cake that was already filled with banks teetering on the edge of insolvency.
Asia still enjoys a growing China, but most observers agree that even China will eventually run into a depression resulting from its over leveraged financial condition. When China finally runs into the severe downturn it has avoided for so many years, its ability to curtail the wildcard of North Korea will come to an end. Japan is in a malaise that does not seem to end, and observers of its debt to GDP ratio understand that the worst of times are yet to come.
North America is perhaps the most stable area in the northern hemisphere for now, but instability brews underneath the surface. The fractured nature of U.S. politics reveals a United States that is very much divided in terms of how it should move forward. There is a great wealth divide, and also a philosophical one. The U.S., and therefore also Canada and Mexico, presently enjoys safe haven cash flows coming from Europe. Eventually, safe haven cash flows will also come from Japan. But the wealthiest and most forward-thinking investors in the U.S. understand that these safe haven cash flows will not support the United States forever.
Europe, once a bastion of civilization itself, appears to have begun a descent into chaos resulting from its immigration issues. Though this migrant crisis provides moving headlines, it is only the icing upon a cake that was already filled with banks teetering on the edge of insolvency.
Asia still enjoys a growing China, but most observers agree that even China will eventually run into a depression resulting from its over leveraged financial condition. When China finally runs into the severe downturn it has avoided for so many years, its ability to curtail the wildcard of North Korea will come to an end. Japan is in a malaise that does not seem to end, and observers of its debt to GDP ratio understand that the worst of times are yet to come.
North America is perhaps the most stable area in the northern hemisphere for now, but instability brews underneath the surface. The fractured nature of U.S. politics reveals a United States that is very much divided in terms of how it should move forward. There is a great wealth divide, and also a philosophical one. The U.S., and therefore also Canada and Mexico, presently enjoys safe haven cash flows coming from Europe. Eventually, safe haven cash flows will also come from Japan. But the wealthiest and most forward-thinking investors in the U.S. understand that these safe haven cash flows will not support the United States forever.