It's Time To Take Out "Freedom Insurance"
Only a fool tries to survive by acting like a vegetable, staying rooted in one place, when the political and economic climate changes for the worse.
Unless you’ve been living under a rock, you know that America is in turmoil. That was on full display recently in Charlottesville, Virginia.
But it’s not just Charlottesville. There have been deadly clashes in Ferguson, Charleston, Dallas, St. Paul, Baltimore, Baton Rouge, and Alexandria.
America is headed for a new kind of civil war.
And when it erupts, you and your family will want “freedom insurance” - the ability to get out fast and set up comfortably in a more stable country.
I recently spoke with my friend and colleague Chris Lowe about this, and I knew I had to pass along our discussion to International Man readers. Chris is the editor of Bonner & Partners’ Inner Circle. His publication shares insights from Bill Bonner’s personal global network of analysts and investment experts.
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Chris Lowe: You’ve been urging folks to diversify internationally. Why is that message so important now?
Nick Giambruno: The US is becoming more and more fragmented, as I’m sure our readers have noticed. I’ve never seen it more polarized.
In fact, I’ve only seen this degree of polarization in countries that have gone through civil wars. It all feels eerily familiar.
I was born in the US, and grew up there. But I used to live in Lebanon, which went through a nasty 15-year civil war. More than 120,000 died. Thousands more lost their homes.
And I currently live in Colombia part of the year. The country has a 50-year history of civil conflict.
Chris Lowe: What’s to blame for this situation?
Nick Giambruno: Identity politics are a big factor.
That’s when your religion, race, ethnic background, and so forth are the most important thing in politics. You’re no longer an individual American. You’re part of some group, undoubtedly being victimized by another group.
This naturally leads to collectivism, tensions… and eventually violence between the groups.
Identity politics were a big factor in Lebanon’s civil war. And they’re a big factor in the US right now. This poisonous trend is growing, and it’s probably unstoppable.