If we carry no other lesson forward from 2020, it’s to prepare ourselves for the worst as Murphy’s Law is in full flex mode, and is expected to continue into next year.
The U.S. financial system has become extremely erratic in recent years. One recent example was when the “repo markets” went crazy in September 2019.
Even though the Fed tried to inject $100 billion to keep the lending markets from freezing up, borrowing costs soared up to 10 times their normal rate.
And all of that happened over the course of 24 hours!
This was followed by a sharp stock market sell-off in March 2020 as the coronavirus “pandemic” took its place on the world stage.
Since then, the U.S. government has run up historic levels of debt and literally thrown money at the economy to keep it from crashing and burning.
At this point, millions of people have suffered financial losses due to COVID-19, and financial aid from the government has amounted to little more than a Bandaid on top of a gaping wound.
Now I realize you may not have been affected by these things. Consider yourself fortunate if you weren’t impacted. But given the shocking developments of the last 12 months, it’s best to plan according to the old maxim:
“If anything can go wrong, it will.”
Or, as it’s more commonly called… Murphy’s Law.
This “law” originated in 1949, when Air Force Capt. Edward A. Murphy cursed at a technician after finding that a transducer was wired wrong during project MX981, and then said: “If there is any way to do it wrong, he’ll find it.”
Sovereign Man called Murphy’s Law a “perfect summary of 2020.”
If you think about it, he’s right…
The year started with the finale of an impeachment process.
Then COVID-19 spread started to be tracked.
Panic buying of toilet paper ensued. (I still don’t understand why).
Then, in an unprecedented move, state governors from most states in the Union shut down what they deemed “non-essential” businesses.
Unemployment soared, and many businesses that were shut down stayed that way. (Which is why you don’t want to entrust your liberties to any government).
On top of that there was the major market crash in March.
The U.S. has had almost non-stop rioting and civil unrest since May. Then the U.S. election took place, and here we are still waiting to find out who’ll be sworn in as President in January.
If Trump is declared winner, you can guarantee BLM and Antifa will take to the streets again to participate in “mostly peaceful” riots.
This year is proof positive that you need to be prepared for anything…
Because Bad Things Can Happen at Any Time
For example, it’s easy to imagine politicians using the coronavirus as an excuse for more lockdowns and restrictions, causing even more economic mayhem.
Or the U.S. government could try to “fix” things and ultimately make everything worse.
And don’t forget the longer-term ripple effects from what has already happened. We haven’t really begun to see the long-term effects of job losses, store closures, and failed businesses.
The year 2020 has been like a slow motion train wreck. The damage just continues to pile up. And it’s almost guaranteed it will spill over into 2021.
It goes without saying, you absolutely NEED a backup plan that provides flexibility for you to adapt. Because no matter how this year ends and next year starts, things are going to change.
Obviously, it’s too late to plan if you wait for disaster to strike. So the best time to prepare is now. And the best way to do that is by leveraging my two decades of experience as a digital nomad.
Keep Your Options and Exits Open at All Times
Whether it’s gaining a second passport, learning the secrets of offshore investing, or investing in real estate overseas, it can feel overwhelming.
But regardless of where you live, or how you learn to leverage the powerful tax avoidance loopholes of offshore banking and brokerages, you should start now.
And you can also do it 100% legally “off the radar.”
Here’s how to get the information you need…
As you probably know, I’ve been living the life of a “digital nomad” since 2001. During that time, I’ve learned dozens of extremely valuable lessons about how to reduce or eliminate your tax obligation while maximizing your freedom.
I created GWP Insiders to share those lessons.
In fact, I recently updated the entire membership area and I’m relaunching it as GWP Insiders 3.0. And, for a limited time, you can save 70% on membership.
Why should you seriously consider this?
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To living privately,
Location Independent Entrepreneur
P.S. The ripple effects from 2020 will last for years. Become a GWP Insiders member today and learn the “back up plan” strategies you need to know, so you can secure your future no matter what happens.…