The One Thing Governments Do Really Well..

Sovereign Man

Notes from the field

April 22, 2013
Phnom Penh, Cambodia

In the killing fields outside of Phnom Penh,
you can still see bone fragments protruding from the ground.

It’s harrowing to say the least.

Roughly two million people were wantonly
massacred in the 1970s under the rule of Pol Pot, decimating not only the
population but also the nation’s economy.

Modeling his policies on communist China’s
failed “Great Leap Forward”, Pol Pot destroyed libraries and
machinery, devastating the means of production for decades to come.

Naturally, there were a few people in Cambodia
who saw the writing on the wall in the early 1970s.

They didn’t wait around, and instead took what
they could carry and got the hell out of dodge.

They rebuilt new lives for themselves in
places like Australia, Singapore, and France at a time when Cambodia was
going through the worst turmoil in its modern history.

Today is a different story.

Cambodia is once again thriving– producing,
exporting resources, and welcoming foreign investment.

The economy has consistently (and
realistically) been growing at 7%+ for years.

I’ve met several Cambodians living here now
who come from some of the families that escaped forty years ago. When the
turmoil ended, they returned.

They brought the savings that they accumulated
overseas… along with experience and skills… and started thriving
businesses here that contribute to, and benefit from, the booming local
economy.

Their stories are fascinating. Even inspiring.

They’re real life examples of how our primary
responsibility is to do what is in the best interest of our families,
wherever that takes us in the world.

As I was flying up here over the weekend, I
happened upon an interesting article in the Wall Street Journal entitled
“Protecting Your Portfolio From Calamity”.

This raised my antenna a bit as most
mainstream media sources tow the line that everything is hunky-dory.

The author rightly observed that “[t]he
bombings in Boston and an outbreak of bird flu in China are just the latest reminders
that everyone needs a disaster plan,” and that it makes sense to
“rationally plan for the worst.”

I was shocked to see something like this out
of the Journal, especially when she went on to recommend the same things we
talk about routinely in this letter– opening bank accounts in places like
Hong Kong and Singapore, or having foreign residency.

But one huge point was missed in the article:

It wasn’t so much the bombing in Boston that
serves as a reminder to have a ‘disaster plan’, but rather the response.

Everyone in the Land of the Free ought to be
keenly aware of just how fast one of the country’s biggest cities was reduced
to a ghost town… or how fast thousands of gun-toting, combat-clad
paramilitaries descended upon the region with urban assault vehicles and
‘shelter in place’ orders.

No doubt, governments tend to screw up just
about everything they try– from the economy to education to disaster relief.

But one thing they consistently excel at is
quickly deploying overwhelming firepower.

Look, I’m not suggesting that the West is
destined to go the way of Pol Pot.

But such tactics should cause any
freedom-oriented individual to pause briefly and take a serious look at
precautionary options abroad.

After all, it’s hard to imagine that you’d be
worse off for having a portion of your savings in a Hong Kong bank account,
holding some gold in a depository in Singapore, or owning a small plot of
land overseas in a thriving economy.

But should the turmoil ever come to your town,
these steps may prove to be some of the wisest you could ever take.

Until tomorrow,
Signature
Simon Black
Senior Editor, SovereignMan.com

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