From the Wilderness made an insightful summary of the comments at Wall Street Journal article. So I offer them here as a new post. Afterwards, I will provide a video by Doug Casey of Casey Research, a firm that specializes in helping American clients to diversify their portfolio–“diversify” means finding investments in countries outside the USA. Finally, those who believe that the US dollar can survive trillion dollar deficits (such as Andrew Smithers) should have a look-see at petrogold trade between Iran and Turkey.
The comments on the WSJ article are most insightful and made me to reflect a bit about the large gap between the “homelanders” and ex-pats points of view.
Homelander perceptions of ex-pats:
1. Ex-pats are a bunch of ungrateful whiners.
2. As citizens of the greatest nation on earth, ex-pats must pay their “fair share” of taxes.
3. Ex-pats have the right to live and work in the US any time they want.
4. The US will come to the rescue of ex-pats if they are in need.
5. Americans living outside the US are suspicious and must be tax evaders .
6. Don’t let the door hit those “traitors” who renounce their citizenship in the @$$.