My erstwhile column, despite the ominous title “And you can be bankrupt”, had an optimistic message that bankruptcy could be made. However, I would very much ask readers not to treat this cognition as the only way to become rich, due to the fact that with bankruptcy it can be different.
When I started as a columnist of the "MP" I wanted to focus mainly on Klaus Schwab's mission in a large reset of the world. However, dramatic events in the banking field have turned my interests towards a financial subject which, unfortunately, I will proceed today. Even more so, I received a message from a prominent financial expert: “An urgent message for people with $2 million or more threatened by corrupt socialist governments ...
I would add that the author, erstwhile writing about corrupt governments, means current governments in the United States and Canada. Although I do not have the amount mentioned in the title of the message, I decided to read the content and usage the information obtained to share it with the readers of the ‘MP’, calculating that there may besides be any among them who will be helped to decide what to do with the $2 million or more at stake. The council of a prominent financier does not duplicate the financial advisory strategy widely cultivated in Poland, that the most effective method of securing threatened cash is to wrap it in a foil bag and throw it out the window. No, that's not the advice of a prominent financier.
The information began with the account of the bankruptcy of a successful businessman caused by the lockdown during the pandemic. "James watched millions of dollars vanish during the stock marketplace crash helplessly. Life savings have evaporated immediately." James, who was ignorant of the anticipation of profiting from bankruptcy, acted like a classical bankrupt, which means he committed suicide. Not good. However, the counselor does not leave us grieved over the destiny of unlucky James. It indicates that his mistake was not to diversify the deposits. He writes: "The top hazard present is the hazard of the state's insolvency..." Well, then, a mediocre individual should do $2 million or more with threatened cash. The answer is fundamentally simple: diversify. The advisor identifies 9 areas of beneficial diversification of assets. 1. bank accounts, 2. brokerage accounts, 3. enterprises, 4. gold, 5. digital activity, 6. registration of assets in different countries, 7. residences, 8. different passports and citizenship, 9. and much more, as the outstanding financial advisor optimisticly adds, listing cryptocurrency and legal possibilities for taxation avoidance.
Finally, he advises not all readers of the "MP" that is feasible: "And finally, the waiver of U.S. citizenship. Almost half my clients are seriously considering it now. And I anticipate even more growth soon" He truly wrote that, I'm not making it up. For infidels, I have the ability to communicate with a counselor. To show that writing a column, seemingly far from the subject of the WEF and the large Reset, however, I do not forget old Klaus Schwab I admit to a deep reflection that if Klaus had convinced the unfortunate James to his maxim "You will have nothing and you will be happy," James would live in bankruptcy to this day, sharing happiness with many another inhabitants of shelter towns and cardboard roofs on the main streets of major American agglomerations lit by rainbow-colored neons. So there is hope besides for those who stubbornly do not intend to diversify.
Jacek Frankowski
photo public domain
Think Poland, No. 19-20 (7-14.05.20123)
