The Easiest Path to a Second Passport

The Missing Piece of Your Personal Library Former Congressman Bob Bauman has collected dozens of strategies to legally reduce your taxes, exempt yourself from numerous government regulations and protect your personal privacy from government prying in The Passport Book. Click here to see how you can get a copy today. Great-Grandpa May Hold Your Key to EU Citizenship By Bob Bauman JD, Offshore and Asset Protection Editor Dear Sovereign Investor Subscriber, After all these years, could your great-great-great-grandparents (may they rest in peace) be about to hand you citizenship in Hungary, and, with it, the legal freedom to live and do business in any of the 27 countries of the European Union? A new Hungarian nationality law took effect in January 2011 that confers citizenship on any person who was formerly a Hungarian citizen or, more importantly, anyone who is a descendant of a person who was a Hungarian citizen before 1920. The law does not require that the applicant live in Hungary, but they must show they can speak Hungarian. In the first six months after the law took effect, more than 120,000 applications were filed and 20,000 people were granted citizenship, mostly from neighboring countries Romania, Serbia and Ukraine. The new law is consistent with Hungarian nationality law that is based on the principles of jus sanguinis, or the blood of ancestors. Citizenship is acquired mainly on the basis of a Hungarian parent or by naturalization. Advertisement What to Do Before the Coming "Inflation Holocaust" It's one of the most destructive forces in the economic universe… and it's about to send the price of every commodity from oil, copper, gold, silver, platinum, uranium, lead, corn, sugar and others through the roof. This will eat into the real value of everything Americans own —their dollars… stocks… homes… bonds… that's why it's important you take immediate steps today. In this special presentation, we'll show you why inflation is set to soar and give you the details on income-boosting investments you could use to stop it dead in its tracks. This Hungarian law demonstrates that sometimes the easiest path to gaining a second passport and second citizenship – and all the benefits that come with those – is a matter of knowing your family history. Opening the Doors to Many More Potential Applicants Hungary is a beautiful country, as I discovered sailing the Danube and exploring Budapest. It was part of the polyglot Austro-Hungarian Empire, which collapsed during World War I. The country fell under communist rule following World War II. In 1956, a revolt and announced withdrawal from the Warsaw Pact were met with a massive Russian military intervention by Moscow. Under the communist leadership of Janos Kadar in 1968, Hungary began liberalizing its economy, introducing so-called "Goulash Communism." Hungary held its first multi-party elections in 1990 and initiated a free-market economy. It joined NATO in 1999 and the EU in 2004. There are around 10 million Hungarian citizens living today, and you may be eligible to become one of them. Significant groups of people with Hungarian ancestry live across the world, over 1.6 million of them in the United States, others in Germany, the United Kingdom, Brazil, Argentina, Chile, Canada and Australia. U.S. Census records show that from 1890 to 1920, over 18.2 million immigrants from Europe came to America. In the first decade of that period, 14.5% of those folks were from Hungary, in the second decade it was 24.4% and from 1910 to 1920, 18.2%. By 1920, 3.1% of all the U.S. urban population was Hungarian. Those numbers mean that, today, many Americans may be eligible for Hungarian citizenship – if they will take the time to research and find proof of their ancestors' origins. The American Hungarian Federation of Washington, D.C. this year praised "the mother country who has at last bravely reached out to her descendants offering a path to naturalization." The 2011 Hungarian Citizenship law allows a simplified naturalization for those able to prove knowledge of the Hungarian language and evidence of Hungarian ancestry such as the birth certificate of a Hungarian parent or grandparent. But, as non-residents, they will not be entitled to vote in Hungarian elections. Dual citizenship is permitted. The Office of Immigration and Nationality will handle applications. The Embassy of Hungary (email: was.missions@kum.hu) can also provide information. The Easiest Path to Second Citizenship The new Hungarian law highlights what has always been the easiest and quickest path towards second citizenship and a second passport – using rights established by countries with laws that grant citizenship based on your parents, grandparents or other ancestors. 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. Other countries with citizenship laws based on ancestry include Poland, Italy, Lithuania, Greece, Canada and the United Kingdom. The latter two are the most restrictive and depend on historic dates. I've written about the specific requirements of all of these countries – and many more – in the new edition of The Passport Book. A second passport is solid insurance against tyrannical government. A second passport can give you access to residency options, business opportunities and investment channels not available to U.S. citizens. And with the uncertain trends in American government and politics, even members of the U.S. Congress may someday need an escape route. Your family tree may hold the key to opening a path to second citizenship for you and your family. Know your family roots, and understand the laws of your ancestral origins to see if you may qualify for citizenship. Faithfully yours, Bob Bauman JD P.S. Hungary and its recently amended citizenship laws is just one path to finding a new future offshore. For years, I've been researching the easiest paths to citizenship around the world, the best offshore havens in the world and safe, legal ways to reduce your U.S. tax exposure. I've gathered my knowledge in The Passport Book, and I believe it's your go-to guide for living and traveling internationally. To find out how you can get a copy today, click here. Chart of the Day An Update on China James Chanos and Jim Rogers are two of the most famous investors in the world. If you want to see them get into a fierce debate, put them in the same room and ask them the following question: is China crashing? Chanos became a celebrity in the financial world after he made a fortune shorting shares of Enron. Today, this savvy hedge fund manager has another big short position: He's betting against China. Other investors believe this fear of China crashing is overblown and overhyped. For example, investment legend Jim Rogers thinks there will be no recession in China. For Rogers, the economy is just temporarily slowing down because the Chinese government implemented measures to cool down the housing market. These are two very smart guys. So who should you listen to? Chanos or Rogers? So far, Chanos has been right. The chart below shows the big downtrend in the Shanghai stock market. But as I told you a few weeks ago here, a lot of bad news has already been priced in. In terms of P/E ratio, Chinese stocks are trading at the same level they were trading in 2008, after the stock market crash. Shanghai Stock Market Remains in a Downtrend See larger image Before you jump in, it's important to wait until the trend turns, or you run the risk of catching a falling knife. So keep an eye on this downtrend line. Once the price closes above that line, it will be an indication the trend is turning. Regards, Evaldo Albuquerque Senior Analyst Related Reading: Five Steps to Take Before Moving Your Money Offshore Seven Tips for Successful Offshore Investing How to Start Lawyer-Proofing Your Life in 72 Hours The Pivotal Development That Will Change Everything RECENT ARTICLES 10/06/2012 Another Metal Set to Shine China is going through a copper-restocking phase. And this is set to boost copper prices. So follow China and invest in copper now. 10/05/2012 Our Rights and Liberties Under Attack You describe what we have been watching happen for years, mindless government policies attacking the rights and liberties of its citizens. 10/04/2012 Seven Tips for Successful Offshore Investing I've opened bank & brokerage accounts all over the world, to gain access to a world of offshore investing opportunities for U.S. investors. 10/03/2012 California, Here They Go The legislature of the Great State of California has a problem, and it's one that holds a lesson for all of us in America. STATE OF OUR WORLD National Debt Clock: $16,161,142,676,355 BECOME A MEMBER For more valuable information from The Sovereign Society on how to protect and grow your wealth, become a member today. 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