Panama is the only country in Latin America that has not experienced a financial collapse or a currency crisis since its independence.  How is your country doing?  It is a viable choice for relocation: U.S.$ based economy,  average 7%+ growth in GDP over the last ten years.  Infrastructure investments in transportation, energy production, public safety, have produced a shortage in qualified skilled trades and professional services.  For a short summary of what people are interested in, check out my friend Tom Bymer’s web site “The Panama Perspective”, great guy and knows his way around here and who to talk to.

First Greece then Brazil, now Brexit and Trump.  What next, Italy’s banks going under?  No matter, the Big Money is gearing up for a buying spree like you’ve never seen before.  Big BUT here, will the demographics going forward be able to make it worthwhile?  Except for India, just about every developed country’s population by age group is an inverted pyramid.  Meaning that there will be less bodies to contribute to the support of the elders’ benefit programs.  The tax revenue won’t cover the entitlements promised by the previous politicos.  Increasing revenue and cutting benefits looks to be the norm going forward.

So, if you have any wealth to protect, may I suggest looking into international options for your needs.

You may e-mail your inquiry to worldwidetrustee@gmail.com for special consideration, thank you.

“I wish for you a life in which you give to yourself the gift of patience, the virtue of reason, the value of knowledge, and the influence of faith in your own ability to dream about and to achieve worthy rewards.”

—Jim Rohn

Panama is the only country in Latin America that has not experienced a financial collapse or a currency crisis since its independence.

“Economic disaster begins with a philosophy of doing less and wanting more.”            —Jim Rohn

“What you become directly influences what you get.”                                                          —Jim Rohn

I have to share the following with you, my readers, as it gets to the core of what is essentially a way of life for an entrepreneur in a Capitalist society.  It seems the term “there is no free lunch” is lost on those counting on a government that is spiraling into the abyss of debt to figuratively “wipe their a–” until they hit the Lotto.  The “War on Poverty” ended up being the “War on the Taxpayer ” and still continues to this day.

MAC

I heard this saying in a movie: wish in one hand, spit in the other, see which one fills up first.                                                                              If Wall Street has taught me anything, it has taught me how to hustle. Get out there.             Make stuff happen.

Nobody who learns this lesson will ever go hungry.

Jared Dillian
Editor, The 10th Man, Mauldin Economics

“Economic disaster begins with a philosophy of doing less and wanting more.”                                 —Jim Rohn

“Few things in the world are more powerful than a positive push—a smile;

a word of optimism and hope; a ‘you can do it!’ when things are tough.”          — Richard M. DeVos

“Indecision is the thief of opportunity.”                                                                   —Jim Rohn

“The greatest discovery of any generation is that a human being can alter his life by altering his attitude.” — William James

¿Qué puedo decir?  Todo es cierto.

The only thing that might transgress established law is that certain information should have been reported to certain authorities.  As far as operating a business or making investments outside of your county of residence, this is what drives the global economy.  How do you think China has become the second biggest GDP ranked economy on this planet?  Think of any company that relies on mass consumer sales and chances are it’s products were manufactured in China.  These “commercial contracts” rely, in most part, on business entities and banking facilities that are in the jurisdiction of the production of the product.  It’s all based on the individual countries revenue regime and whether the financial institution pays you to store your money there or you have to pay them. As the U.S. Supreme Court Judge, Oliver Wendell Holmes, once said, “No one can be excused of evading taxes owed, but to arrange one’s affairs so as to minimize their tax burden could be considered their civic duty.”  After all, do you desire to pay more than is required for anything?  Which brings us to the impetus of tax avoidance(not evasion).  The desire of the politicos to establish entitlement schemes to sooth the less fortunate and empower the deceitful.  Some programs make sense, healthcare, education, sanitation, safe housing, first responders, etc., but foreign aid to countries that don’t care whether we live or die and research to see how much methane cows fart isn’t what I would call fiscal responsibility.  Yes, the days of complete anonymity are waning, what with stricter “know your client” requirements, more in-depth company reporting requirements, more liability risk for failure to dot all the I’s and cross all the T’s by the lawyers, accountants, advisors, and other fiduciaries that serve the industry of wealth management.  Building wealth to sustain your family is everyone’s desire, but being able to maintain your wealth throughout your later years so as not to be a burden on your children or society is something that should be championed by governments in unison.  All passive income schemes should be exempt from any form of taxation.  As to repatriation of corporate revenues, it shouldn’t be levied any higher than the jurisdiction it is leaving if the government really wants it that badly.  With that I will take my leave and bid you fare well.       MAC

“When I hear somebody sigh, ‘Life is hard,’ I am always tempted to ask,
‘Compared to what?’”                                                                                              — Sydney Harris

“Formula for success: rise early, work hard, strike oil.”                                          – J. Paul Getty

“Thought is the blossom; language the bud; action the fruit behind it.”             — Ralph Waldo Emerson

“We must not let our rulers load us with perpetual debt.
We must make our election between economy and liberty,
or profusion and servitude.”                            —Thomas Jefferson

“Discipline is the foundation upon which all success is built.  Lack of discipline inevitably leads to failure.”                                                                                                                                  —Jim Rohn

“If you don’t think you can do it, who will?  You control the most important tool in success, your mind.”                                                                                                                               — Jeffrey Gitomer

“You cannot change your destination overnight, but you can change your direction overnight.”                                                                                                                                                     —Jim Rohn

“Develop a passion for learning. If you do, you will never cease to grow.”               — Anthony J. D’Angelo

“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.”                                                         — John Quincy Adams

“Believe and act as if it were impossible to fail.” — Charles F. Kettering

“The key factor that will determine your financial future is not the economy;  the key factor is your philosophy.”                                                          —Jim Rohn