Are You Among the 23% Entitled to a Second Passport?

Get Ready to Say Goodbye to George, Abe and Even Ben There is a technological revolution coming that will change the way you live, work, and shop. It will spell the end of paper currency as we know it, but could also spell big profits for investors ahead of the curve. To learn more, check out Jeff Opdyke's latest special report here. Are You Among the 23% Entitled to a Second Passport? By Bob Bauman JD, Offshore and Asset Protection Editor Dear Sovereign Investor, In the memorable post-World War II movie, The Third Man, Orson Welles delivered this memorable soliloquy: "In Italy, for 30 years under the Borgias, they had warfare, terror, murder and bloodshed, but they produced Michelangelo, Leonardo da Vinci, and the Renaissance. In Switzerland, they had brotherly love, 500 years of democracy and peace, and what did they produce? The cuckoo clock." Swiss cuckoos, indeed! Last Wednesday, Minnesota U.S. House Representative and former Republican presidential candidate Michele Bachmann announced that she had become a full citizen of Switzerland. Advertisement The Secret Destruction of Paper Money Has the U.S. Government secretly declared war on cash? Former Treasury Secretary, Lawrence Summers says, "We are heading [to a digital currency] more rapidly than most suppose. The lives of citizens and central bankers alike will be profoundly altered." Click here for the full story on how this looming "switch" to digital currency could change the way we trade stocks, shop for groceries, fill up our gas tanks – and ultimately make a handful of investors incredibly rich. On March 19, she was issued Swiss citizenship based on her husband's dual U.S.-Swiss nationality. Under Swiss law, Bachmann had been a de facto Swiss citizen since their marriage in 1978. The couple's three youngest children are also now dual U.S.-Swiss citizens. On Friday morning, however, Bachmann – up for re-election in Minnesota's 6th Congressional district – changed her mind, announcing that she had requested that the Swiss government withdraw her newly acquired citizenship. "I am, and always have been, 100% committed to the United States," she stated, as if that had ever been in question. No doubt the politics of her re-election campaign influenced her stark reversal. Bachmann does have a partially re-drawn district and has been criticized for absenteeism during her failed presidential run. Why she made her Swiss citizenship public is a mystery. The number of Americans with Swiss origins is estimated to be about only one million, with no known concentration in Minnesota. Dual Citizenship is a Must Regular readers here and the thousands of who have bought The Passport Book know that I advocate acquiring dual citizenship. Dual, even multiple citizenship, for Americans has been upheld as a legal right by the U.S. Supreme Court in several cases. A second passport is solid insurance against tyrannical government. How many millions of Jews and others would have survived the Nazi Holocaust had the proper papers allowed their escape? And with the uncertain trends in American government and politics, even members of the U.S. Congress may someday need an escape route. And although Democrats have done their unjustified best to smear Switzerland as a haven for tax dodging and money laundering, of all passports, the Swiss is one of the best. It offers visa-free travel to many countries. However, acquiring Swiss citizenship is difficult, usually requiring years of residence to qualify, and even then may be subject to local canton approval. Very few people are naturalized each year and Rep. Bachmann was eligible only by virtue of her marriage in 1978, which took place 14 years before the current, stricter naturalization law pertaining to spouses was adopted. With the lack of civics education among all Americas today, it is easy for the news media to portray dual citizenship as somehow unpatriotic. That ignores the fact that millions of Americans are legally dual citizens, often without their even knowing it. The Millions of Possible Dual Citizens For example, 40 million U.S. citizens, nearly 12% of the population, can trace their ancestry to Ireland. If they can prove that a parent or grandparent was an Irish citizen, they, too, can obtain an Irish passport and citizenship, and thousands have. Likewise, of the 31.8 million Americans of Mexican origin, many are eligible for dual U.S.-Mexican citizenship. So why not become a dual U.S.-Swiss citizen? As a Swiss citizen, Bachmann not only would have the right to live and work in Switzerland, but to run for political office there. In recent years, U.S. citizens with dual citizenship have served as officials in the governments of Yugoslavia, Armenia and Estonia. Mohamed Sacirbey, who grew up in the U.S., didn't set foot in Bosnia until he went there in 1995 to become its foreign minister. A retired U.S. government employee, Valdas Adanikus, was elected president of his native Lithuania, while a former New York City attorney – and still a U.S. citizen – Leonel Antonio Fernández Reyna, is in his second, non-consecutive term as president of the Dominican Republic. Of course, many are having fun with Bachmann's odd behavior. "A majority of Americans would be very pleased if she took herself and her family and moved permanently to Switzerland," U.S. citizen John Penn said in a comment on the website of Swiss Radio International (SRI). There is little doubt that government bureaucrats and tax collectors see dual nationality as a threat to their control over the citizens they profess to serve. Regardless of Bachmann's politically split personality, for your own future, if you qualify for dual citizenship and a second passport, act now. Faithfully yours, Bob Bauman P.S. Not only is the government seeking to revoke your rights, but all around the world, governments are taking steps to eliminate paper currency. My colleague, Jeff Opdyke, shares that the shift to electronic transactions will change everything from the way you pay bills, shop online and even tip your bartender. It will also give governments more power to monitor how you choose to spend your money. To find out how you can protect yourself – and profit – from the coming "Death of Cash," click here for his latest special report. Related Reading: Expatriation: The Only Legal Path to Eliminating U.S. Taxes Top 7 Reasons Why Uruguay is Your Best Choice for South American Offshore Living Five Strategies to Maximize the Best Offshore Has to Offer How to Profit from the Death of Cash RECENT ARTICLES 5/11/2012 What My "Air-Route Indicator" Says About the Next Big Investment as a global investor, the knowledge often points me toward investment opportunities – particularly when new routes connect unexpected cities. 5/10/2012 Emerging Market Demands Mean Volatile Food Prices Are Here to Stay So don't be surprised if bread (and other foods) becomes as volatile as gas prices in the future. 5/09/2012 Profiting from Asia's Growing Thirst Increasingly, though, Asian consumers and workers on the go are ducking into convenience stores and grabbing bottled iced tea. 5/08/2012 You Can't Hide Money Unless You Know This "Secret" Johnny Carson once joked, "The difference between a divorce and a legal separation is that the legal separation gives a husband time to hide his money." 5/07/2012 Who's an Uncivilized Jerk? My advice here is simple: Forget what Charlie Munger and Warren Buffet say. They have been saying the same thing for a decade and gold has just gone higher. If gold dips buy it. STATE OF OUR WORLD National Debt Clock: $15,721,721,174,801 BECOME A MEMBER For more valuable information from The Sovereign Society on how to protect and grow your wealth, become a member today. JOIN NOW SPECIAL REPORTS Jeff Opdyke 2012: The Year of Yield Andy Hecht Metals More Precious and Profitable than Gold Bob Bauman How to Escape America, and Where to Go STAY INFORMED Whitelist Us Follow Us on Twitter Like Us on Facebook   Privacy Policy The Sovereign Investor 98 S.E. 6th Ave ,Suite 2 Delray , Beach FL 33483 The mailbox associated with this email address is not monitored , so please do not reply. 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