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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOpinion: Its time to plan an escape route, for you and your money, from Trumpland
To cut to the chase, it is becoming increasingly clear that Americans should be taking reasonable steps to diversify their investments outside the U.S., including holding assets in currencies other than dollars, and where possible to acquire a second passport.
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It is no longer a certainty that America will remain a stable country governed by an impartial rule of law. You could argue it no longer is.
I am not saying that a further breakdown is guaranteed or even likely, but I am saying it is possible. Maybe things will end happily, but maybe not. What we are witnessing today is exactly how it has happened historically. It goes in steps. Countries do not leap from civilization to barbarism in a single bound. You do not wake up one morning to discover mobs burning books in the streets. The decline happens by degrees. Each step enables the next.
And what is being normalized here now is not normal.
The voters of Montana have just rewarded Greg Gianforte for beating up a reporter by electing him to Congress as their representative. Many on the right are crowing. Gianforte was reportedly swamped with extra donations following the attack. Republican congressman Duncan Hunter of California said the attack was merely inappropriate unless, he added, the reporter deserved it. The president has celebrated the result. Popular right-wing radio host Laura Ingraham actually mocked the reporter and suggested he should have fought back against Gianforte and his aides. (One can only imagine what she would have said if he actually had done so.) She was not alone.
http://www.marketwatch.com/story/its-time-to-plan-an-escape-route-for-you-and-your-money-from-trumpland-2017-05-26
bleedingulcers
(42 posts)This is my nightmare. I've got money, but I don't know if I can get enough of it moved out of the US, since it's tied up in retirement accounts that don't exist, legally, in other countries. I could take the money out to buy my first home, but that would have to be in the US.
Worst case, I guess I eat the penalties and take the money out early. Better than losing it, or having it unavailable from another country.
Does anybody here have any suggestions or insights into how to make this work better?
thanks,
Bleeding
marybourg
(12,586 posts)marybourg
(12,586 posts)I'm old and sick. I know I'm leaving soon.