Hello all, haven't posted for a while. I have been busy implementing my bug-out strategy and am going overseas to close on some RE next week.
REAL diversification is having some financial instruments, some currency, some metals, some productive business, some livable RE, all preferably in various countries and denominations. And multiple passports/citizenships, maybe the most important thing.
By next week I will have expanded my international holdings meaningfully, giving real options. I now have options in 3 independent currencies and 4 different countries. I am still totally unconvinced that our current system will not meet with what amounts to disaster, either quickly by one mechanism or another, or slowly by inexorable and unreported inflation and currency devaluation.
Finally the public is getting a small taste of the real collusion and corruption that exists at the highest levels in the US, with the FBI and CIA being exposed. I know that it's the same in banking and finance. Those who don't believe in "conspiracies" among a few power brokers are childish fools. Yes the same mechanism exists everywhere, but nowhere else I have seen do members of the general public actually believe the cover-up lies that are told.
If you have the option, don't be on the wrong side of history. There are many better places in the world than the USA, by any measure you would care to use--economic, intellectual, artistic, environmental, ideological, social, practical, whatever. I am glad that I have actually ensured myself options that are quick and easy to implement. Yes it has cost me to do so, and I am glad that I am in a position to bear those costs.
US equity markets are still a joke, the currency has more power than you think, and world monetary policy is a shambles, especially in China.
Nobody wants to make a move, because any movement at all, of whatever sort, will result in detriment unless a vibrant new market sector opens, something on the order of a practical source of fusion power. Failing that, it is business as usual. We are in more than a stagflation, we are in the doldrums, where only traders are making money sloshing and banks are making money on fees, but where nothing economically growing is really happening.
I plan to follow the spread of civilization as I see it, in reverse. As I age, I will go from North America to Europe, progressing toward what used to be the fertile crescent. I might die in some place around the Mediterranean.
YMMV, but for me it is strange times, time to execute on some plans and start anew.
I wish you all well, just offering my 2 cents with some rambling and examples. Also, I hope Igy is doing OK.