If you truly seek freedom in this un-free world you must not be in the clutches of any one government. You must legally limit your exposure so that no one government has control over your person and your freedom of being. Let me show you how.
So writes Johnny Punish (www.moneynewsnow.com) in edited excerpts from his original article* entitled FIVE FLAGS OF FREEDOM: Find Relative Freedom in an Unfree World.
The post by is presented compliments of www.munKNEE.com (Your Key to Making Money!) and the Market Intelligence Report newsletter and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.
Punish goes on to say in further edited excerpts:
This ideal can easily be achieved by spreading your interests legally over at least five unrelated countries [that is, living your life under the “5 flags of freedom” as I like to call it] so that no one government has control over your person and your freedom of being. Become a PT, and remember, the definition of a PT is what you make of it. You can be a Permanent Tourist, Perpetual Traveler, and even a Previous Taxpayer. It’s simply about doing what makes cents! Such an approach is not expensive…and in today’s world of the internet, this is more doable then ever. There are thousands living the 5 Flags all over the world.
1st Flag: CITIZENSHIP
You should legally hold one or more passports from small, neutral and respectable nations which do not try to influence or tax their citizens living outside their territory. These passports should ideally allow visa-free access to as many nations as possible.
- European Union or South American passports are best.
- Many countries offer passports to those who’s grandparents were citizens. Check into it.
2nd Flag: RESIDENCE HAVENS (DOMICILES)
This is your official residence. It’s a country which regards you as a bona-fide resident…[even if you don’t] actually spend too much time there. It should be a country which does not tax income earned abroad – the effect being that you don’t have to file any personal tax returns anywhere.
- Tax havens like Turks and Caicos, Panama, and Andorra are good low-budget candidates.
- You might consider places like Switzerland or Monaco, if you can afford it. There are always low cost places you can go like Thailand, Peru, or Mexico.
- There are many places in the connected world where you can be relatively free in an un-free world. You can check International Living for more details.
3rd Flag: PLAYGROUNDS
These are places where you physically choose to spend a lot of time.
- They depend on your personal taste. You might like major European city life or prefer to get away on a ranch in New Zealand.
- You have no official status in your playgrounds. You are a tourist “passing through”; you are a “PT”.
4th Flag: BUSINESS BASES
These are places where you actually earn your money.
- If you earn money with your skills or know-how you can choose an offshore haven as your business base so it’s tax free…and now with the internet and worldwide payment systems and banking, the door is more open then ever.
5th Flag: ASSET HAVENS
These countries are where you keep your savings and investments safely away from where the money is actually earned or spent.
- They should score highly on respect for privacy, communications, professionalism and stability. Your accounts will be controlled by internet or fax.
Most of you reading this will be skeptical. That’s normal. In fact, most of you will NEVER take this action to be free. Frankly, that’s even more normal. Freedom requires thought and implementation. It’s not for everyone. You must plan to implement your freedom.
It takes time to get out of the system legally and into freedom. Frankly, most people are too conditioned to go for it. They are stuck in the system and are convinced it’s the only way so it’s not for everyone. For those of you who truly seek freedom and are willing to take on the challenge, though, it’s 100% possible. Think about it!
Be a PT and remember, the definition of a PT is what you make of it. You can be a Permanent Tourist, Perpetual Traveler, and even a Previous Taxpayer. It’s simply about doing what makes cents!
SPECIAL NOTE FOR CITIZENS OF THE U.S.A.
The legal options for you are limited because the U.S.A. taxes it’s citizens on their worldwide income and thus, legally, you must report your income to the Internal Revenue Service no matter where you earn it.
Moreover, the USA has MLAT Treaties with most of the worlds major banking centers and thus they can get your information easily by just requesting it. Secrecy for U.S. Citizens was possible many years ago but in today’s world, it is a myth.
That does NOT mean that you can’t use some of the flags and get somewhat free. In fact, there are tax breaks for you if you live overseas given to you by the IRS e.g…. the foreign income tax exclusion. You can check the I.R.S. site for more details.
If you seek true freedom from the U.S.A., it will require that you renounce your citizenship. Legally, this is a very long process. It can be done over time but make no mistake, they locked that down too! Nevertheless, while it used to be rare, it’s becoming more and more popular as the U.S.A. continues on its long standing path to lock down its civil liberties and freedom for its citizens in the name of freedom.
This writer says clearly to you truly, DO NOT BREAK THE LAW! Check into the law of the USA and find out more about what you can legally do to get free. Get as much information as possible and then do what makes cents within the law.
Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.
If you’re reading this and under 30, let me be absolutely clear about one indubitable point: your government is going to sacrifice your future in order to pay for its own mistakes from the past. [If that kind of future does not sit well with you] then get out of Dodge. Stop playing by the same rules of the game that used to work in the past because the old playbook of “go to school, get a good job, work your way up the ladder” simply doesn’t apply anymore. [This article outlines what is being laid out as your future unless you take independent action and, in conclusion, outlines suggestions on how to make a better life for yourself. Feel free to share this article with one and all!] Words: 1058
I implore you to pass around this letter to your friends. Talk about it among you. Post it up on Facebook, Twitter and elsewhere. Discuss the fact that our government and your parents think you are going to pay over $180,000, and rising rapidly, so that us older folks can have our cake and eat it too…and then force you, the children of this nation, to cover our selfishness and outrageous conduct. I say to you in this open letter that it is your right to stand as American citizens, irrespective of your age who have not yet consented, and say in a loud, clear, singular voice: “I WILL NOT PAY!” Words: 2112
Loll in the lap of inexpensive luxury at any one of International Living’s 10 best retirement destinations: North America (1); Central America (2); South America (3); Europe (2); Asia (2) Words: 1155
More and more retirees are looking to retire abroad where the sun shines almost daily, the weather is temperate, the lifestyle is enjoyable and the cost of living is a fraction of their current expenses. Have you ever considered Asia? This infographic compares the cost of living, lifestyle and personal safety of 9 countries worth considering. Words: 999; Photos: 5
For an East Asian retirement destination that won’t leave you in complete culture shock 5 cities in particular satisfy the ‘expat criteria’ – widely spoken English, convenient transportation, modern shopping conveniences, friendly people, and great food. Below is a description of what these convenient and charming cities have to offer. Words: 999; Photos: 5
Housing is likely to be one of your biggest retirement expenses. One way to approach your search for the ideal overseas retirement haven is to focus on retire-overseas choices where housing is cheap. [Below I present five such places for your consideration.] Words: 1040