| We apologize for not getting The Sovereign Investor to you yesterday. We'd like to say it was just a run-of-the-mill "technical glitch," but the truth is that Verizon have screwed up and our internet was down all day yesterday. Their engineers were at our offices throughout yesterday and they even toiled through the night, and they still couldn't get it working. Late this morning, there was a breakthrough. We are pleased to tell you that full service of our must-read financial newsletters has now resumed. America's Wealthiest Are Taking Flight In just five years, almost a million of America's wealthiest citizens have fled our shores. Where they've gone might surprise you, and in our latest special report, Bob Bauman will show you how you can join them... My Advice to Hedge Against Washington's Coming Cash-Grab By Jeff D. Opdyke, Editor, The Sovereign Individual Dear Sovereign Investor, If Barack Obama wins the presidential election in November, there's a mighty cash-grab coming, Of course, if Mitt Romney wins there's likely a mighty cash-grab coming, too. America's checkbook is so out of balance with debt that no matter who ends up in the White House, lawmakers have only three honest choices … cut spending, increase economic growth or raise taxes. Cutting spending – actually reducing the size of the budget from one year to the next – hasn't happened in the last 40 years in this country. Plus, we're a people now accustomed to living on the dole, so I don't see true spending cuts as realistic. Increasing economic growth to such a degree that we grow ourselves out of our debt crisis seems impossible, as well, since we're already the biggest economy in the world. Advertisement The China Catastrophe China is about to make an announcement that will shake the world to its foundations – and that will destroy everything you've ever worked for. So says a renowned financial journalist on assignment in Asia – and the crazy thing is, he's famous for being right. He was one of the few to warn of the great tech stock meltdown of 2000 … the housing and banking bust of 2007 … and the recent boom in gold and commodity prices. Is he right again? Watch this shocking video and judge for yourself. So that means the government will be ransacking the sofa cushions looking for as much extra change as it can find. And that clearly means tax hikes, fee hikes and just about any other hike you can imagine. To me, one of the best ways to hedge against Washington's coming cash-grab is to invest in foreign real estate. It's the solid way to move your wealth out of paper and into something tangible that the government can't touch. Why I am a Fan of Buying Overseas I'm writing to you today from the clubhouse at Rancho Santana on the Pacific coast of Nicaragua, down near the Costa Rican border. I'm looking at the real estate opportunities that have emerged here in the last five to 10 years, as well as soaking up the enhanced quality of life. I am a fan of foreign real estate for several reasons. Foreign real estate has an edge over gold, foreign currencies and other types of investments. It gives you a real escape plan … it offers income if you rent the property, even for only a few months a year … and it gives you and your family a vacation destination. Plus, should the cash-grab start, foreign real estate will be hard to repatriate. If that day ever comes, government will have an easier time reaching for foreign currencies, metals, etc. Many of the real estate projects I've evaluated – and liked the most – tend to be in all-cash markets where mortgages are rare at best. Cash buyers dramatically reduce price speculation and the hype found in real estate markets that are fueled by easy bank credit. This reduces the risk of overpaying for a particular plot of land or beachfront condo. Invest in Property That Could Be Your "Plan B" Over the past several months, I have shared my belief that you should have a special place – outside of America – where you feel you could retreat if things here at home were to go pear-shaped. Now is the time to begin honestly working on that plan. We already have an ever-expanding, power-hungry government. Our declining American standard-of-living is proof that we all need a "Plan B" – and given our fiscal and financial problems as a country, the worst is yet to come. The ideal piece of property outside America will differ for each of us. For some, high-end real estate in a beachside community like Punta del Este, Uruguay, or in the neighboring communities La Barra and Jose Ignacio might feel just right. Or, perhaps, an investment in farmland in Uruguay is more attractive. This is a safe, turnkey investment with high appreciation potential and good returns from the crops. And you can always build a hacienda on the land should you ultimately decide to call it home. I have also written about my recent trip to Switzerland, where I discovered the opportunity to buy Swiss real estate, a rarity in a country that sharply curtails the ability of foreigners to own local property. What I found was a way to own a luxury property in the little mountain of hamlet of Andermatt, deep in the heart of the Swiss Alps. This unique development is the only way for foreigners to easily buy Swiss property. On Sunday, I'll share my thoughts with Sovereign Society subscribers on what I uncover here in Nicaragua. This frontier market is no longer as wild as it once was. It's on the verge of going mainstream in the not-too-distant future. While property prices have increased here, so have the level of amenities. Be prepared. The great American cash-grab is coming, and while it may not be time yet to set your Plan B fully in motion, it is certainly time to begin putting together your plan to protect yourself and your family from the consequences of government stupidity and greed. Until next time, stay Sovereign…  Jeff D. Opdyke P.S. Investing in real estate abroad isn't the only profitable opportunity I've discovered. I've uncovered a little-known "unclaimed" dividends program that the privileged have been profiting from for years. And recently, a handful of average investors have found a way to tap these "unclaimed" dividends and get actual checks deposited into their bank accounts every month. If you want to know how to claim these payouts, check out my latest special report here. Related Reading: The Swiss Real Estate Opportunity That Can Earn You 4.5% a Year Uruguay: #1 in the World for Personal Freedom Why Keeping Your Money Tied to the Dollar is Too Risky Escape U.S. Income Taxes By Going Offshore | |
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