Go Offshore to Regain Your Financial Freedom

By Bob Bauman JD, Chairman, The Freedom Alliance

A free and prosperous world through choice, markets and responsibility”

That’s the motto of Canada’s Frazier Institute, a respected free market think tank that studies the impact of competitive markets and government intervention on individuals and society.

But that agreeable motto bears little resemblance with what has happened to the United States economy... and Frazier offers proof.

Annually the Institute publishes its Economic Freedom of the World Report, which reviews the policies in each country that either support or harm economic freedom.

The basics measured are personal choice, voluntary exchange, freedom to compete, and security of privately owned property.

The specifics include...

1) Size of government: expenditures, taxes, and enterprises
2) Legal structure and security of property rights
3) Access to sound money
4) Freedom to trade internationally, and
5) Regulation of credit, labor, and business.

Economic Freedom in America
is All But Gone

For 2011, Frazier reports that economic freedom has suffered around the globe. It’s worse for Americans...

In 2000 the U.S. was ranked 3rd in the world behind only Hong Kong and Singapore; in the 2011 report, the U.S. is ranked 10th behind countries such as Canada, Chile, Australia, and even the United Kingdom.

Certainly, four million American homes are in foreclosure, millions more are “under water,” the real unemployment rate is nearly 16%, George Bush, Barack Obama and a complicit U.S. Congress have wasted 10 trillion of our tax dollars on big business, union and bank bailouts, while Wall Street rewarded itself with an astounding $160 billion in bonuses the year after the global financial crisis they helped to create.

Economic freedom indeed!

And We Know Why

The Frazier Institute says the decline in U.S. freedom is due to massively higher government spending and borrowing, increased regulation and especially, less secure property rights.

Ballooning federal and state budget deficits have crowded out available private credit causing this particular rating to fall to 0.0 from 9.3 (out of 10) since 2000.

Asset forfeiture laws, eminent domain abuse, the overreaching wars on drugs and terrorism, the PATRIOT Act and warrantless wiretaps have also diminished the security of property and all other rights.

Under the current and past president, bailouts, debt crises, and political stalemates replaced balanced budgets, sound money, and privatization. Now Obama and his leftist allies blindly insist that free markets have failed, that trillions more be spent on government stimulus and subsidies, and that more regulations will somehow succeed when they have just proven to be abject failures.

What You Can Do

You didn’t cause the diminished economic freedom in America today. You shouldn’t have to suffer the consequences.

Second citizenship is one good solution.

The easiest and quickest way to acquire second citizenship is through your bloodline; citizenship resulting from the nationality of your father, mother or grandparents.

Ireland, Italy and Poland encourage foreigners to sign up for citizenship based on ancestors. All three are European Union member states, so their citizenship gives you the freedom to live and work in all 27 EU countries.

Take for example Ireland: citizenship is available to those with Irish parents or grandparents. If you were born outside of Ireland and either your mother or father (or both) was an Irish citizen at the time of your birth, then you’re entitled to Irish citizenship.

The same applies if at least one grandparent was born in Ireland. An applicant must prove this claim of Irish descent by submitting an ancestor’s official marriage and birth certificates.

With three photographs, proper proof of Irish ancestry and legal residence in the country where you make your application, a 10-year renewable Irish passport will be issued in due course bearing the stamp of Ireland and the European community.

In Italy if you are the child or grandchild of former Italian nationals, you can qualify for citizenship if you meet certain criteria. In Poland if your parents or grandparents were Polish citizens, you may be eligible to obtain Polish citizenship based on that relationship.

So start thinking about acquiring another citizenship and with it, a second passport. Not only will this give you a better chance of economic survival, but it offers greater freedom and the hope of increased prosperity.

Faithfully yours,

Bob Bauman JD
Chairman, The Freedom Alliance