{"id":34523,"date":"2020-05-01T12:20:58","date_gmt":"2020-05-01T16:20:58","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=34523"},"modified":"2020-07-21T22:33:06","modified_gmt":"2020-07-22T02:33:06","slug":"what-the-covid-19-epidemic-teaches-about-the-need-for-a-plan-b","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/what-the-covid-19-epidemic-teaches-about-the-need-for-a-plan-b\/","title":{"rendered":"What the Covid-19 Epidemic Teaches about the Need for a Plan-B"},"content":{"rendered":"

What the Covid-19 Epidemic Teaches about the Need for a Plan-B<\/strong><\/h2>\n

The travel restrictions from the Coronavirus and the general apprehension of the disease has impacted tourism more than any other economic sector. A sector that used to <\/span>generate 10.4% of the entire world\u2019s global GDP<\/span> is expected to <\/span>lose as much as $24 billion<\/span><\/a> by the time that we come through to the other side. It\u2019s not just the fact that people aren\u2019t traveling out of a personal choice, governance systems around the world are also beginning to crumble under the strain of the epidemic with many resources being diverted to healthcare systems. In this process, other administrative operations\u2014like border control and foreign travel controls\u2014are beginning to show the strain too.<\/span><\/p>\n

At this moment, an <\/span>estimated 50,000 US nationals<\/span><\/a> are stuck in foreign countries because they\u2019re not allowed to leave the countries they\u2019re currently in. Similarly, people from around the world <\/span>are stuck in airports<\/span><\/a>\u2014often turned back abruptly from countries that granted them travel visas. These events are indicative of an abrupt policy change signifying how the central administrative system is collapsing or at least cracking under this pressure.<\/span><\/p>\n

While it\u2019s worth noting that the inability to clamp down on the epidemic is symptomatic of the failure of governance systems around the world, we need to think of how we\u2019ll make it out alive. If you\u2019re one of the unfortunate people whose lives have been disrupted because of the epidemic and the resulting travel restrictions, there\u2019s still hope\u2014but you should also reflect.<\/span><\/p>\n

 <\/p>\n

The Damages Inflicted by the Coronavirus<\/strong><\/h2>\n

Barring the effects of the Coronavirus on the existing global superstructure that encompasses the economy, politics, and finances\u2014there\u2019s a stream of effects out of the many that emanate from these larger dynamics that will touch you too. Some of those stuck in these airports or in foreign lands are beginning to feel these effects\u2014albeit in a more direct way than you, but you\u2019re also under attack whether you realize it or not. To bring this idea home, let\u2019s start by tracing out how each overarching impact in the larger dynamics of the world affect you individually.\u00a0<\/span><\/p>\n

 <\/p>\n

The Impact on the Individual from the Economic Damages<\/strong><\/h2>\n

While the US stock market seemingly broke out of the bearish market into a 3-day bullish hike, these effects have been short-lived in. Now as the government <\/span>introduces a $2 trillion fiscal stimulus bill<\/span><\/a> in response to the massive unemployment throughout the country, it\u2019s only inevitable that inflation rates will skyrocket. The real values of your financial assets will drop\u2014possibly significantly\u2014and your earnings will very well take a serious debt.<\/span><\/p>\n

Similar possibilities arise in stock investments around the world if you have money tied up there too. With the <\/span>historically largest concerted quantitative easing policy trends<\/span><\/a> being observed around the world, global inflation will spike very soon. Your stocks are already losing money\u2014unless you\u2019re invested in pharmaceuticals, but you\u2019re probably one of the very few people with holdings concentrated in that sector.\u00a0<\/span><\/p>\n

You need to start looking at other investment options and diversifying your holdings. This includes investing in gold to cushion your losses from these stocks and spreading your risk. Gold markets <\/span>are thriving right now<\/span><\/a> as more people move into the market\u2014it\u2019s also ideal that you get rid of some of your stock holdings to buy up blue-chip stocks when markets rebound. It would be worthwhile to also mention that you need to move to an offshore SDIRA, if that\u2019s possible for you, because you can\u2019t work with the US investments market if you\u2019re trying to sustain your wealth.\u00a0<\/span><\/p>\n

 <\/p>\n

The Protection from Legal Exploitation\u00a0<\/strong><\/h2>\n

One of the biggest concerns from the epidemic is the number of people who\u2019re stuck in airports, hotels or in the US even though they live full-time in other countries. I\u2019ve already spoken about the number of Europeans, Americans, and Latin Americans unable to return to their countries or businesses because they\u2019re not technically permanent residents. A lot of these people thought that they don\u2019t need to apply for residency\u2014but the fact of the matter is that their financial and employment futures are in limbo right now.<\/span><\/p>\n

As a resident in a country, you\u2019re guaranteed certain legal protections against the policy measures taken by host countries. There are <\/span>plenty of examples right now<\/span><\/a> like France, the UK, Germany and the US evacuating their people back home.\u00a0 Anyone who didn\u2019t apply for residency or citizenship will miss out on this opportunity since the government doesn\u2019t owe them a responsibility anymore\u2014they\u2019re not recognized as the country\u2019s responsibility.<\/span><\/p>\n

So now there are people who\u2019re stuck in a sort of purgatory in their airports or hotels, overextending their stays on travel visas wondering what will become of them. There\u2019s too much uncertainty in this time and they\u2019re up against a force that they can\u2019t possibly overcome on their own. They need residency and citizenship to ask their governments to ensure their rights.\u00a0<\/span><\/p>\n

In the process of applying for residency or citizenship, they\u2019d have to buy the property and establish bank accounts in these countries. With these assets, they\u2019d have places to stay, financial resources to tap into, and other amenities due to them as citizens of these countries. As they delayed on applying for citizenship, the epidemic snuck up on them and the governments surrendered them to whatever fate has in store for them.<\/span><\/p>\n

 <\/p>\n

Wising Up and Thinking of Plan-B<\/strong><\/h2>\n

Everything I\u2019ve said up till this point is only the tip of the iceberg, we don\u2019t know how bad it\u2019ll get overtime. Is this epidemic is still in its infancy or will it get even worse as time passes? In such a time, it\u2019s only timely and shrewd strategies that take into account your finances and escape routes to help you survive.\u00a0\u00a0<\/span><\/p>\n

I\u2019ve said this in the past and I\u2019ll say this now too\u2014you can\u2019t rely on the government to take care of you. You\u2019re the only ones who can protect yourself and if you haven\u2019t taken the appropriate measures just yet\u2014you better start doing this as soon as you read this because who knows how much time we have in our hands.<\/span><\/p>\n

I hope you got value from reading: What the Covid-19 Epidemic Teaches about the Need for a Plan-B. To start Plan-B today, contact our legal department NOW<\/a>, or you would like more information on GOLD, please contact our office HERE<\/a>, you will be happy you did.\u00a0 Here are a few additional articles on Covid-19.<\/strong><\/p>\n

Top 16 Reasons to Move To Panama<\/a><\/strong><\/p>\n

9 Reasons Why Millennials Are Choosing to Become Expats<\/a><\/strong><\/p>\n

What Does the Coronavirus Epidemic Tell Us About the Failures of Modern Government? <\/a><\/strong><\/p>\n

Increased Surveillance of Individuals During COVID-19\u2014Necessary Precaution? Or The Groundwork of an\u2026 <\/a><\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

What the Covid-19 Epidemic Teaches about the Need for a Plan-B The travel restrictions from the Coronavirus and the general apprehension of the disease has impacted tourism more than any other economic sector. A sector that used to generate 10.4% of the entire world\u2019s global GDP is expected to lose as much as $24 billion […]<\/p>\n","protected":false},"author":678,"featured_media":35101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9408,9409],"tags":[26427,26428,26550],"yst_prominent_words":[2236,26542,26541,25956,26543,25952,25948,25957,1793,25954,25949,2813,2458,25951,25950,2024,21988,25953,25955,2018],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.escapeartist.com\/wp-content\/uploads\/2020\/05\/empty-shelves.jpg","_links":{"self":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/34523"}],"collection":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/users\/678"}],"replies":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/comments?post=34523"}],"version-history":[{"count":9,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/34523\/revisions"}],"predecessor-version":[{"id":37531,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/34523\/revisions\/37531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media\/35101"}],"wp:attachment":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media?parent=34523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/categories?post=34523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/tags?post=34523"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/yst_prominent_words?post=34523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}