The central banks of the world are now officially practitioners of voodoo economics. It's called negative interest rate policies and you should know how this will effect your bank account balances and your own personal finances going forward. While We cannot stop them from from playing Baron Samedi, we can provide you with some talismans of your own to ward off the evil spirits.
Why would anyone want to pack up and move to another country? Maybe not a complete relocation per say, but in the least move their wealth and assets? And this is where another citizenship or dual citizenship becomes handy. Why? The short answer is protection or a form of insurance against lunatic central bankers and mad hatter politicians. If you do not protect your family and yourself, then who will?
Thinking about a second passport or another citizenship? Thinking about another place to call home, a safe haven in a world gone mad (or at least the central bankers and the politicians have gone mad)? The Dominican Republic still offers one of the best options for residency leading to citizenship, both in terms of time line and costs. And the country finished up 2015 with positive GDP growth of 7 percent! Plus real estate is very affordable as well.
FATCA, Debt And The New Economic War. Did you know that about 60 years ago, corporations paid over 30% of U.S. tax revenues. Today in 2016, businesses pay about 11% of taxes. The reason? Companies that operate globally moved their tax jurisdictions overseas to reduce how much they paid in U.S. taxes. So, the US Government is NOW trying to chase the individual middle class citizens instead that figured it out too.
Are the emerging markets still emerging? We keep hearing in the recent news that China's economy is cooked like a Peking Duck, Brazil's economy is gyrating to the rhythm of samba and that Russia's national mascot, the bear, applies to it's own situation as well. But what about everybody else? The Dominican Republic finished up 2015 with positive 7 percent GDP growth, and some other nations are doing well also.
Can you afford to retire where you are living right now? Did you ever think you could afford to retire in the Caribbean? The Dominican Republic should be one of the places on your short list to investigate. Very affordable Caribbean real estate, very affordable health care and private health insurance as well. Plus an attractive residency program for pensioners. Find out why so many people have retired to the Dominican Republic.