Stay off This Investor Ship of Fools

Legally Stash Your Cash With the real possibility of capital and currency controls looming during Obama's second term, former Congressman Bob Bauman's book tells you how and where to place your cash and assets out of the reach of the grasping socialist planners who now rule Washington. Click here for details. Watch Out: Freedom Ship Ahoy! By Bob Bauman JD, Offshore and Asset Protection Editor Dear Sovereign Investor, Imagine a giant, libertarian paradise roaming the international waters of the world — free from taxation, unconstitutional surveillance and the ever-increasing government micromanagement of our lives. I'm talking about the Freedom Ship. Despite the grand notion behind the Freedom Ship — a government-less floating island, where taxes aren't paid, regulations don't exist and libertarians rule the earth — a deeper look at the details reveals that it's really not a very good idea. Florida-based Freedom Ship International has recently joined the fight for freedom from the heavy hand of government with its proposal for a $10 billion floating city of 100,000 people. Similar in appearance to a massive aircraft carrier atop a multi-story parking garage, the Freedom Ship would remain perpetually at sea, and it would be the largest vessel ever built. The plan is the latest in a string of similar initiatives, taking advantage of countries' territorial limits in an attempt to live government-free.   The idea of the Freedom Ship is that a community of people could come together to create an independent "micro-nation," offering true liberty on the high seas. Scientists Learn to "Switch Off" Deadly Diseases Thanks to Nobel Prize-winning science, doctors are learning how to "switch off" disease inside your cells. Cancer, heart disease, strokes, diabetes - even aging itself… all could be cured at last. And one tiny company in Massachusetts holds the key to rapid FDA approval of this breakthrough treatment. Click here to see what this is all about. The Freedom Ship appeals to the genuine yearning many of us feel in the face of rapacious taxation, intrusive laws and regulations, and out-of-control government. Renounce your citizenship, gather up your possessions and family, and head to sea with a fare-thee-well to the unfortunates left ashore. Is Liberty on the High Seas Possible? Seaworthiness aside (my seafaring son, Ted, considers the design hopelessly unstable), I'm convinced that the Freedom Ship can't deliver on its promise of liberty on the high seas. Even an itinerant oceanic republic would require laws and regulations, as well as resources to provide for the common good — such as maintaining the hull and engines — otherwise known as "taxes." It would also require "state" employees, in the form of a crew. But the residents of a Freedom Ship are likely to be wealthy, self-confident individualists, accustomed to having their own way. After all, anyone seriously prepared to retreat to a Freedom Ship would have to be made of pretty stern stuff when it comes to individual liberty. Frankly, it isn't hard to imagine their attempts at self-government ending up in Lord of the Flies territory — and we all know that didn't end very well. Alternatively, leaving government to the ship's operators would mean a dictatorship, no matter how benevolently intended. So much for the dream of a libertarian paradise. Then there's the matter of resupply. Even with solar energy, wave-powered locomotion and desalinization for water, the Freedom Ship would need to trade with the rest of the planet for the necessities of life — not to mention the luxuries and demands of its inhabitants. It would be a simple matter for the world's governments to impose an embargo that would stop the Freedom Ship as soon as it came into contact with land — say, to force residents to pay back taxes or respond to litigation. Above all, unless they plan to convert their wealth into silver and gold and take it with them, the denizens of the Freedom Ship will still need to engage in worldly enterprises, with all that it entails: employees, customers, bankers — and land-based laws and taxes. They won't be able to conjure up new wealth out of thin air. And if they did choose silver and gold to store their wealth, they'd make a splendid target for the modern pirates operating in many parts of today's oceans. In my opinion, there would be no lasting advantage to residence on a Freedom Ship. It would remain entangled in the laws and regulations of dry land, as well as the necessity to govern itself. Ultimately, the idea of "going Galt" and withdrawing to a secure refuge to enjoy unfettered liberty is a fantasy. The Real Alternative But that doesn't mean you're stuck with the government you have. As I've stressed repeatedly in my newsletters, there are many nations whose respect for personal and financial freedoms far exceed that of the U.S. Increasingly, they compete for our investment, our business and even our residency. And many of them offer deals that are much better than the Freedom Ship. You don't have to head to sea to enjoy low taxation, financial privacy and freedom from government intrusion. All you have to do is follow our advice and seek residence in one of the many land-based countries that already offer it to those wise enough to take it up. These freedom-friendly countries have the distinct advantage of being an established part of the community of nations. Even though they may be relatively defenseless, like the Freedom Ship, their recognized nationhood protects them, and their residents, from arbitrary demands by other countries. The Freedom Ship, by contrast, would have to negotiate its sovereignty with the established powers — negotiations in which the latter hold all the cards. My advice is to seek your freedom ashore. We're here to help you achieve it. Faithfully yours, Bob Bauman JD Editor, Offshore Confidential P.S. On land or at sea, wealth preservation is only half of the equation. Diversifying your portfolio is the other half. You can find out how by clicking here. TODAY'S EDITOR Bob Bauman JD From second passports to offshore trusts, Bob can help you make the most of what offshore has to offer with his Offshore Confidential. Click here for his latest report. BECOME A SUBSCRIBER When the next economic crisis hits – will you be prepared? 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