CALIFORNIA AND THE IDEAS OF ATHENS
Arnold Schwarzenegger once proudly proclaimed that “California has the
ideas of Athens and the power of Sparta.” There’s a lot of truth in that
The Greek ‘crisis’ is really much ado about nothing, in the greater
scheme of things. Greece represents only about 3% of the economy of the
whole eurozone, with a GDP less than a tenth of Germany’s.
In terms of power, the entire Greek economy is less than a sixth of the
size of the Californian economy. California is currently in a similar
situation to Greece. But I don’t hear any talk of California being
forced out of the dollar zone???
California, of course, is just one of the many US states that’s in
trouble. Then, there’s the Federal Government deficit, and the unfunded
off-balance-sheet liabilities like Social Security.
All in all, I would say it is impossible for the dollar to avoid a
collapse – and the longer they put it off, the worse it will be when it
comes. I wouldn’t bet against the Euro just yet. I won’t say the dollar
is worse than Euro, but it’s certainly not better. The Eurozone has
significant pockets like Germany that are quietly doing rather well at
the moment, but there is really nowhere to my knowledge in the US that
is doing well at the moment. I spend a lot of time talking to wealthy
Americans and the definite consensus is that they want out.
Perhaps ironically, if the Eurozone does break up, that could be its
strength. If it lost the peripheral countries that are dragging it down,
the Euro would be much stronger. If the dollar lost everything that is
dragging it down, it would also be much stronger too… but there would
not be much left of the USA at that point.
Americans, it must be said, are great entrepreneurs. They are also not
stupid. It was the Romans during the fall of the empire who said “ubi
bene ibi patria” – I owe my allegiance to the country where I prosper.
What to do? If you want to keep money in fiat currencies, I think the
Swiss Franc cannot avoid increasing in value. The Swiss Central Bank
tried to keep their currency down for a while to help exports, but have
now given up. But gold, of course, is the ultimate store of wealth.
No matter what country you are originally from, the Members Section of Q
Wealth is where you will find the most practical, how-to information on
matters like expatriating, opening foreign currency bank accounts or
protecting your assets with trusts and LLCs. You’ll find reliable
contacts, on whom we have already done due diligence, included in the
downloadable pdfs. You’ll find a helpful staff easily reachable by
e-mail if you have any individual questions – all we ask is that you are
a paid member, for just $87 per year. And most of all, you’ll find
people who think like you, who have been there and done that. Experience
is invaluable in your quest for freedom and safety.
In the meantime, you can Google Q Wealth Report and get some more ideas
that you should put into action immediately if you want to be positioned
right when the real crisis hits