WEBVTT 00:00.000 --> 00:04.320 where the world is going to be changing very, very rapidly over this next decade. 00:04.740 --> 00:07.780 And I don't think it's going to be particularly pleasant. 00:08.240 --> 00:11.840 Europe is on the slippery slope. There's no question about that in my mind. 00:12.320 --> 00:14.940 What does it mean to you if she were to win? 00:16.140 --> 00:20.100 I'd say it's, uh, maybe game over. 00:20.380 --> 00:23.520 Do you feel in some way responsible for the rise of Malay? 00:36.800 --> 00:39.400 We're with Doug Casey. We're going to talk about what's happening in Argentina, 00:39.740 --> 00:41.540 the best value places to live in the world, 00:41.540 --> 00:45.740 what's happening with gold, and who is going to be running the United States for years to come. 00:46.000 --> 00:49.140 We're here at Nomad Capitalist Live. It's our big four-day event. 00:49.540 --> 00:52.580 Hope you'll join us next time here in Kuala Lumpur. Mr. Casey, always a pleasure. 00:53.220 --> 00:54.380 Likewise. Thank you. 00:54.680 --> 00:56.800 You are here with us in Kuala Lumpur. 00:56.940 --> 01:00.480 I've said I think it's one of the best value cities in the world. 01:00.560 --> 01:02.960 You get a certain amount of luxuries. You get an affordable price. 01:03.180 --> 01:04.660 Weather's nice. Taxes are reasonable. 01:05.620 --> 01:08.080 Your point is, is Buenos Aires is on that level. 01:08.080 --> 01:11.140 Yeah. The natives are friendly here, which is very nice. 01:11.820 --> 01:18.460 But, uh, I've been to 155 countries. I've lived in actually more than 10 01:19.020 --> 01:25.540 at this point. And, um, I knew that, uh, I didn't want to live in the U.S. anymore, 01:25.600 --> 01:31.400 even though I was fortunate enough to have been born there at the best time in history. 01:31.680 --> 01:35.660 It's like winning the lottery, having been born in the U.S. mid 20th century. 01:36.360 --> 01:41.480 But, uh, the trend has been down now for decades and it's accelerating. So, 01:42.480 --> 01:50.520 where to go? And of all the places that I've been, uh, frankly, I thought Argentina was number one, 01:50.960 --> 01:55.520 although I live as much in Uruguay as I do in Argentina, actually probably more. 01:56.240 --> 02:00.840 I have a, I have a reasonable sized farm there and it's very pleasant. 02:00.840 --> 02:04.960 So, Buenos Aires, more affordable than Kuala Lumpur? Higher standard? 02:05.780 --> 02:09.800 Well, I have not checked out the prices of real estate here in Kuala Lumpur. 02:09.820 --> 02:10.180 Very cheap. 02:10.480 --> 02:14.600 Very cheap. I don't doubt that. But they're extremely cheap in Buenos Aires. 02:14.940 --> 02:19.360 I'll give you an example. In B.A., I bought an apartment in 2007. 02:20.180 --> 02:24.120 It's a big apartment. It's a two-story penthouse, 5,000 square feet 02:24.120 --> 02:29.280 in the Recaleta, the best part of town. I paid $950,000 for it. 02:29.820 --> 02:34.460 All right. It's my, what, it's equivalent on the upper east side of New York, 02:34.500 --> 02:38.620 which would be the equivalent of the Recaleta. It would have cost $20 million. 02:39.000 --> 02:41.340 So, in other words, it was a 95% discount. 02:41.520 --> 02:44.580 It's about $2,000 a meter is a global standard. 02:45.460 --> 02:46.400 Something like that. Yeah. 02:46.620 --> 02:49.100 At 470 some meters. Yeah. 02:50.180 --> 02:50.560 Yeah. 02:50.820 --> 02:51.820 That's pretty affordable. 02:52.360 --> 02:52.980 Very affordable. 02:53.240 --> 02:53.860 For the standard. 02:54.300 --> 02:57.600 So, that was the good news and I thought I was getting a bargain and I was. 02:58.200 --> 03:05.080 But today, it's still an illiquid market getting much better now in Buenos Aires 03:05.080 --> 03:10.020 and in Argentina generally, but I could probably only get a million and a half for it now, 03:10.280 --> 03:16.940 which is to say significantly less than depreciation of the dollar over the last 03:18.200 --> 03:19.760 how many, 15 years. 03:20.020 --> 03:23.100 Did I read correctly an interview with you decades ago 03:23.100 --> 03:25.440 where you said, don't own the real estate you live in? 03:25.900 --> 03:33.040 Well, the problem with owning real estate is that the real estate winds up owning you, 03:33.620 --> 03:41.700 really. And people forget maintenance costs can be high, taxes are unprojectable, 03:42.040 --> 03:44.180 and you're illiquid in the meantime. 03:45.540 --> 03:48.240 So, his maintenance cost in Buenos Aires high? 03:49.460 --> 03:51.340 No, it's actually quite low. 03:52.280 --> 03:53.500 My bills are pretty low. 03:53.600 --> 03:59.660 I mean, that upper inside penthouse, I could run my entire places for a lot less than that one penthouse. 04:00.320 --> 04:05.640 Well, in New York, I don't know what the condo fees and that would attack taxes. 04:05.660 --> 04:06.140 Gotta be crazy. 04:06.540 --> 04:13.700 Crazy. But in BA, I think the total costs, barring extraordinary events like 04:13.700 --> 04:18.380 fixing the roof on the building, because it's an old French style building and 04:18.380 --> 04:23.800 maintenance has to be done. I don't think it costs more than a couple of thousand dollars per 04:23.800 --> 04:24.600 year, which is true. 04:24.760 --> 04:27.380 Same for me here, four grade, a little smaller, but four grand. 04:28.420 --> 04:31.360 So, you actually have a place here? 04:31.520 --> 04:36.980 Yeah. You got the eight security guys all the time, which is a very common thing in Asia. 04:38.560 --> 04:41.740 So, how many of those countries that you've been to no longer exist? 04:42.920 --> 04:47.380 Well, of course, my favorite country that no longer exists is Rhodesia. 04:49.060 --> 04:55.020 I went there during the war, and it was a fine adventure, and it wasn't an adventure, 04:55.140 --> 05:01.440 but at that time it really was. Everything from landing at the airport in Salisbury, 05:01.560 --> 05:08.400 which is now called Harari, you had to pull down the window shades because they were afraid of 05:09.600 --> 05:12.740 rockets being launched at the landing planes and so forth. 05:13.480 --> 05:16.020 I mean, it was like that all over Rhodesia. 05:16.020 --> 05:23.780 Anyway, when I went to Rhodesia, as I always do when I go to a new country, 05:23.860 --> 05:28.420 and it was new to me then, I always call up the real estate agents and the lawyers 05:28.980 --> 05:34.100 because there are centers of information, centers of power, money, good people to get to know. 05:34.480 --> 05:40.880 There, I also got in touch with a local publisher because my first book, The International 05:40.880 --> 05:46.140 Man, had just come out, and I thought this would be a perfect country for a book that tells you 05:46.140 --> 05:50.380 how to make the most of your personal freedom and financial opportunity around the world. 05:50.960 --> 05:57.300 Because in Rhodesia at that time, there were 250,000 Europeans and about 05:58.060 --> 06:04.800 3 million Native Africans. Now there's about maybe, maybe 5,000 Europeans and about 06:05.780 --> 06:12.040 13, 14 million Native Africans because people have been making what they call the chicken run. 06:12.360 --> 06:17.200 In any event, interviewed a couple publishers, got along well with one of them, 06:17.640 --> 06:21.040 and my book became the largest selling book in the history of Rhodesia. 06:22.200 --> 06:23.680 Never to be dethroned now. 06:24.520 --> 06:31.080 A record never to be broken, right. But I think that over the next couple of decades, 06:31.640 --> 06:38.520 a lot of countries that currently exist will be broken up through secession. 06:38.920 --> 06:39.240 Really? 06:39.700 --> 06:43.040 No question about it. In fact, most of the countries in the world 06:43.040 --> 06:49.580 aren't real countries at all. For instance, in South America, where I spend most of the year, 06:50.260 --> 06:55.320 I think Brazil will turn into two or three countries in the future. 06:55.500 --> 06:58.720 And what would cause that? What's the spark? 06:59.440 --> 07:03.040 Demographics and culture. You go to southern Brazil, 07:03.780 --> 07:09.600 São Paulo and actually south of Rio, and it's very European. 07:10.660 --> 07:18.800 But you go to the north, it's almost African. And the two places don't mix. 07:19.440 --> 07:24.340 I mean, they say that Brazil has the best racial mixing pot in the world. 07:24.600 --> 07:27.920 And it's probably true. But still, it doesn't mix that well. 07:30.900 --> 07:33.000 So you're saying Florianopolis, for example, 07:33.140 --> 07:35.840 a place a lot of foreigners would like to go. They feel that safer. 07:35.980 --> 07:38.820 There's good health care, different than Fortaleza, for example, 07:38.960 --> 07:41.300 where they're pushing, hey, that's the cheap part to invest in now. 07:41.640 --> 07:45.660 No question. The beaches are better up around Fortaleza. 07:45.980 --> 07:47.640 Would you invest in that northern part? 07:49.020 --> 07:52.400 It's cheaper. But I think you're better off. 07:53.460 --> 07:54.500 We're paying sometimes. 07:54.980 --> 07:55.360 It is. 07:55.360 --> 07:58.420 São Paulo doesn't seem that crazy, by the way, the prices. 07:59.240 --> 08:00.660 We're talking about that here at the event. 08:00.780 --> 08:03.820 I found that the prices there seemed more reasonable than I expected 08:03.820 --> 08:05.320 for a city of that magnitude. 08:06.100 --> 08:13.580 Not as cheap as Argentina, but Argentina is the bargain basement in South America. 08:14.120 --> 08:17.300 I think I'm accurate in saying that because things change all the time. 08:17.880 --> 08:22.040 But there are a bunch of other countries that could break up. 08:22.040 --> 08:26.900 I mean, Chile could break up into two countries with the far south, 08:27.080 --> 08:32.760 actually turning into an Indian republic, because they still have problems. 08:33.340 --> 08:36.900 In fact, this is true through a number of countries in Latin America. 08:37.640 --> 08:44.060 The native Indians are still resentful of the conquistadores 08:44.740 --> 08:46.520 and want to get rid of them. 08:47.140 --> 08:50.700 I mean, Bolivia, for instance, should break up into at least two or three countries 08:50.700 --> 08:51.920 and it probably will. 08:52.780 --> 08:56.720 True of Chile, Ecuador, same problems. 08:59.340 --> 09:02.480 How often does a secession movement work, though? 09:02.640 --> 09:05.000 I mean, the last 15 years, we've seen one? 09:05.860 --> 09:10.300 Yeah. Well, you had in Indonesia, East Timor broke off from the rest of... 09:10.300 --> 09:10.520 It was in 1990. 09:11.140 --> 09:12.460 Something like that. 09:13.360 --> 09:16.060 And of course, Indonesia is artificially constructed. 09:16.880 --> 09:19.000 It's actually the Japanese Empire, 09:19.560 --> 09:22.400 where they actually created an artificial language, 09:22.560 --> 09:24.680 so they could all communicate with each other. 09:25.140 --> 09:30.260 But I don't think Indonesia is going to last either as one country. 09:30.780 --> 09:32.460 But what happens, but you're quite correct, 09:32.620 --> 09:36.980 whenever a central government is in control, they want to stay in control. 09:37.100 --> 09:38.860 They don't want to see secession movements. 09:38.960 --> 09:40.300 They don't give away one scrap of land. 09:40.740 --> 09:41.520 Not a bit. 09:41.800 --> 09:46.620 Although maybe the last one this happened with was Sudan, which broke up. 09:46.740 --> 09:46.920 That's Sudan. 09:47.220 --> 09:47.640 Exactly. 09:50.260 --> 09:53.460 So, it should happen in the Congo. 09:53.800 --> 09:56.660 That's another one where there's another war going on. 09:57.000 --> 09:59.040 People don't realize that over the last 20 years, 09:59.280 --> 10:00.480 about nobody knows. 10:00.780 --> 10:03.620 Five, six million people have been killed in the Congo. 10:04.180 --> 10:06.100 We've talked about Indonesia as this, 10:06.460 --> 10:09.060 and it is rising in the rankings of the world's economies. 10:09.200 --> 10:12.540 And I always say, oh, look, it just crossed some European country 10:12.540 --> 10:14.480 that is totally irrelevant, but about there, 10:14.520 --> 10:17.600 because, hey, European countries were just to the top 10, top 20. 10:17.600 --> 10:21.980 Do you think that in your scenario of a breakup of some of these countries, 10:22.120 --> 10:23.080 that's going to impact it? 10:23.100 --> 10:29.220 Or is it just the part with the serious wealth just continues to be the player? 10:29.540 --> 10:29.720 Yeah. 10:30.000 --> 10:32.640 Well, Europe is on the slippery slope. 10:32.820 --> 10:34.600 There's no question about that in my mind. 10:35.340 --> 10:41.740 For instance, people forget that Italy only became Italy as a country. 10:43.820 --> 10:44.340 155. 10:44.600 --> 10:45.240 Something like that. 10:45.240 --> 10:50.080 Yeah, it was a whole bunch of little dukedoms and principalities. 10:50.640 --> 10:55.020 Same thing for Germany, which only became Germany in like 1870, 10:55.060 --> 10:56.700 or thereabouts under Bismarck. 10:58.260 --> 11:02.520 Spain, the Basque region, Catalonia should break off from it. 11:03.080 --> 11:03.880 They shut that down. 11:04.060 --> 11:06.700 I think it's pretty much over at this point, don't you, in Catalonia? 11:07.700 --> 11:08.860 Well, I hope not. 11:09.500 --> 11:13.740 From my point of view, or the point of view I think of any freedom lover, 11:13.740 --> 11:17.320 we'd like to see as many countries in the world as possible, 11:18.100 --> 11:20.900 all friendly, easy to travel between. 11:21.220 --> 11:25.200 We had a mutual friend who said if only there were 8 billion countries in the world, 11:25.620 --> 11:26.880 we'd be perfect. 11:28.020 --> 11:30.660 Well, he may have stolen that question. 11:30.860 --> 11:32.520 I think people steal a lot of them from me, 11:32.560 --> 11:34.060 because I'm hearing something else about the lawyer. 11:35.780 --> 11:37.480 Get a phone book and call the lawyer. 11:38.720 --> 11:39.160 Exactly. 11:39.160 --> 11:39.840 Exactly. 11:40.360 --> 11:45.580 Anyway, the world is going to be changing very, very rapidly over this next decade. 11:46.160 --> 11:51.260 I don't think it's going to be particularly pleasant or convenient, 11:51.920 --> 11:57.080 which is another advantage, incidentally, to living here in Southeast Asia, 11:57.080 --> 12:05.300 which is a little bit out of the line of fire between East and West. 12:05.900 --> 12:13.180 But especially, I think Argentina and Uruguay are very much out of the line of fire. 12:13.280 --> 12:15.660 I think a lot of people in a place like the United States, 12:15.760 --> 12:19.500 where we're from originally, say, oh, well, we think China's a threat. 12:20.040 --> 12:24.840 And so therefore, the entire Southeast and East Asian region must be off limits. 12:25.060 --> 12:25.980 What do you say to that? 12:26.460 --> 12:29.360 All these countries are very different from each other. 12:29.620 --> 12:30.380 They really are. 12:30.380 --> 12:36.760 I mean, talk about racism, which has been made into an artificially big deal in the US. 12:38.360 --> 12:43.220 People in these Asian countries are racist towards each other. 12:43.580 --> 12:48.820 Even if Guilou, the Chinese word for a foreigner, 12:49.340 --> 12:53.460 can't tell the difference between them looking at them, they can. 12:54.840 --> 12:58.460 I'm not a fan of racism, but it's endemic all over the world. 12:59.000 --> 13:03.180 In fact, I think the most racist continent is probably Africa. 13:04.460 --> 13:05.580 What, how can it be? 13:05.660 --> 13:06.460 They're all black people. 13:06.720 --> 13:08.940 Well, because of the tribes. 13:09.300 --> 13:10.540 Because of the tribes, right? 13:11.120 --> 13:12.120 But what happened to Rwanda? 13:12.980 --> 13:16.840 Perfect example, 500,000 people, or so nobody knows, 13:17.460 --> 13:18.780 hacked to death with machetes. 13:19.380 --> 13:21.480 But it's gone back to being stable now. 13:21.920 --> 13:25.480 So these things are, they seem to blow up out of nowhere. 13:25.780 --> 13:27.420 So you're okay with Southeast Asia, 13:27.420 --> 13:29.380 you think it'll be all right? 13:29.520 --> 13:33.500 If I wasn't living in mostly in Argentina and Uruguay, 13:33.580 --> 13:35.260 which are very similar to each other, 13:36.680 --> 13:38.820 I might have wound up in Thailand, 13:39.420 --> 13:44.280 which is in many ways the most mellow country to live in in the world. 13:45.100 --> 13:48.020 Not to, you'll never become a Thai citizen. 13:48.300 --> 13:48.980 You'll never become. 13:50.900 --> 13:51.840 One of them. 13:52.080 --> 13:52.620 One of them. 13:52.840 --> 13:54.580 It just doesn't work that way. 13:55.080 --> 13:56.980 But a great place to live. 13:56.980 --> 13:59.180 Even in parts of Eastern Europe, if you're a citizen, 13:59.540 --> 14:01.920 you're not really, okay, we're happy to have you. 14:02.140 --> 14:03.120 But where are you really from? 14:04.320 --> 14:05.660 More of curiosity, perhaps. 14:06.160 --> 14:07.600 Well, you know, that's a good point. 14:08.120 --> 14:09.400 Where are you really from? 14:10.260 --> 14:13.500 Because one of the monikers that you popularized, 14:13.600 --> 14:15.800 and it's excellent, is go where you. 14:16.340 --> 14:17.180 Don't worry, you're treated best. 14:18.340 --> 14:20.960 And that's really wise, it really makes sense. 14:21.500 --> 14:23.420 What about the breakup of the United States? 14:23.640 --> 14:25.440 We've heard people here at the event talking about that. 14:25.440 --> 14:27.100 Is that to be vulcanized? 14:27.380 --> 14:33.600 Frankly, a young Chicano in Los Angeles has about zero in common 14:34.260 --> 14:37.940 with an old white female retiree in Massachusetts. 14:38.880 --> 14:43.040 And at some point, he's going to become very resentful 14:43.040 --> 14:45.200 about paying for her social security. 14:45.780 --> 14:48.300 So, yeah, I think the U.S. could break up. 14:48.680 --> 14:53.840 Because over the last, what, has it only been 15 or 20 years 14:53.840 --> 14:59.420 the U.S. has divided itself into red people and blue people. 14:59.940 --> 15:07.700 And it's amazing that people that have woke, blue thoughts 15:07.700 --> 15:09.940 running, memes running through their mind, 15:10.440 --> 15:12.140 they can't talk to the red people. 15:12.820 --> 15:14.380 We're just, you know, the heartland, 15:14.520 --> 15:16.660 middle of your traditional values at all. 15:17.340 --> 15:19.500 In fact, they've come to hate each other. 15:20.400 --> 15:26.620 This has been crystallized with Donald Trump running for president. 15:27.260 --> 15:30.220 And oddly enough, against Kamala. 15:30.880 --> 15:34.380 And I'm not sure how she pronounces her name correctly. 15:35.080 --> 15:37.160 She had her step-daughters giving people 15:37.160 --> 15:40.140 at the Democratic Convention, you might recall, 15:40.300 --> 15:43.220 lectures on the correct pronunciation of her name. 15:43.680 --> 15:46.100 But actually, neither of them are correct. 15:46.200 --> 15:48.680 It should be pronounced Kamala. 15:49.500 --> 15:52.180 Which means in Spanish, how bad? 15:52.820 --> 15:53.460 How bad? 15:53.700 --> 15:54.040 How bad. 15:56.060 --> 16:01.300 So maybe the U.S., since it's increasingly Spanish speaking, 16:01.500 --> 16:05.560 will adopt that particular Spanish cognate pronunciation 16:05.560 --> 16:06.400 of her name. 16:08.120 --> 16:11.200 What does it mean to you if she were to win? 16:12.360 --> 16:17.520 I'd say it's maybe game over for the U.S. 16:17.720 --> 16:18.840 Because they say that every four years. 16:19.500 --> 16:20.160 I know they do. 16:20.320 --> 16:20.900 I know they do. 16:21.020 --> 16:22.080 It's the most important election. 16:22.280 --> 16:23.400 I've, you've been around a lot longer. 16:23.560 --> 16:25.780 But since the 90s, I've been hearing it. 16:25.940 --> 16:26.160 Yeah. 16:26.620 --> 16:29.080 And in a way, it's correct. 16:30.480 --> 16:34.260 Because these, as the United States has become 16:34.260 --> 16:37.040 increasingly politicized, and it has, 16:39.780 --> 16:43.040 every election is more important than the one before it. 16:43.780 --> 16:46.180 Because one thing that people forget about 16:46.760 --> 16:50.900 is that from, let's say a bit over 100 years ago, 16:51.020 --> 16:54.580 just before World War I, which was an amazing returning 16:54.580 --> 16:57.920 point in the U.S., as you know, in 1913, 16:58.660 --> 17:04.120 that was the year when the income tax was initialized in the U.S. 17:04.480 --> 17:04.960 Temporarily. 17:05.340 --> 17:06.200 Temporarily, of course. 17:06.400 --> 17:06.960 And very small. 17:07.240 --> 17:07.800 Very small. 17:08.320 --> 17:09.620 Trivial back in those days. 17:09.620 --> 17:11.760 You can handle, was it 1% or 3%? 17:11.920 --> 17:13.240 I think it was 1 and 3%. 17:13.240 --> 17:16.840 Starting at a very high number, like 10 or $20,000, 17:17.220 --> 17:19.660 which is like a quarter of a million or whatever. 17:20.780 --> 17:23.740 And the other thing, of course, was the inception of the Federal Reserve, 17:24.140 --> 17:27.640 which is one of the major influences 17:27.640 --> 17:30.380 towards destroying the country in any event. 17:32.500 --> 17:34.900 Back in those days, did it really make much difference 17:34.900 --> 17:35.960 who was the president? 17:36.420 --> 17:40.420 Well, no, because the government was not an overwinning feature. 17:41.620 --> 17:45.160 Most people didn't care that the government was there 17:45.160 --> 17:49.360 to support itself strictly on excise taxes and import duties. 17:49.700 --> 17:54.480 But today, it digs into every part of the U.S. 17:54.520 --> 17:58.460 takes, who knows, you can't really trust the government's figures, 17:59.120 --> 18:01.440 not much more than you can those of Argentina anyway. 18:02.520 --> 18:04.660 That's that common trope is, oh, well, you know, 18:04.860 --> 18:08.300 you're going to trust China, and then China somehow becomes 18:08.300 --> 18:10.340 the standard for, you can't trust any other country 18:10.340 --> 18:12.440 except ours. Our statistics are correct. 18:12.760 --> 18:15.860 Right. I know. We're always the good guys. 18:16.060 --> 18:18.600 It's like that song from the 60s. 18:19.680 --> 18:22.420 Now even the Germans have got on their side. 18:23.240 --> 18:25.680 So, of course, the United States has always been 18:25.680 --> 18:26.920 the good guy historically. 18:27.640 --> 18:30.580 But I'm afraid as the government in Washington 18:30.580 --> 18:33.260 has turned into an entity unto itself, 18:35.300 --> 18:37.620 finding foreign wars, pointless foreign wars, 18:37.920 --> 18:39.460 dangerous foreign wars everywhere, 18:39.460 --> 18:44.780 for no good reason, it's become the greatest danger 18:45.540 --> 18:49.000 to your personal freedom and your personal finances. 18:49.400 --> 18:51.780 It's not the Chinese government I worry about. 18:51.940 --> 18:54.100 It's not the Iranian government I worry about. 18:55.640 --> 18:58.020 They've never done any wrong to me, 18:58.220 --> 19:02.260 but the U.S. government is a clear and present danger. 19:02.360 --> 19:05.640 But if you watch the media, the legacy brand countries, 19:05.780 --> 19:07.960 you're going to think, hey, I'm in the U.S., 19:07.960 --> 19:09.280 and I agree with Doug Casey, 19:09.540 --> 19:11.220 but look at what's happening over there in Europe. 19:11.380 --> 19:12.700 They're pretty regulatory also. 19:13.200 --> 19:14.480 Worse. Worse. Sure. 19:14.960 --> 19:18.300 But in those 155 minus a couple of countries, 19:19.440 --> 19:22.460 are there plenty of them that it is a lot more hands-off, 19:22.940 --> 19:24.480 whether in theory or practice? 19:24.960 --> 19:26.120 No, there's not plenty of them. 19:26.760 --> 19:28.500 There are some. There's a few. 19:28.900 --> 19:33.180 I mean, Switzerland, if you have a lot of money, 19:34.040 --> 19:36.240 is a place to consider living, 19:36.240 --> 19:41.020 but the Swiss are very particular about who was granted a residence permit. 19:42.480 --> 19:47.340 And there are a few other enclaves in Europe, 19:47.520 --> 19:50.300 like Andorra, which most people don't even know is a country, 19:50.900 --> 19:52.060 but it's a little bit isolated. 19:52.920 --> 19:56.280 But generally speaking, I would forget about Europe, frankly. 19:57.080 --> 20:00.380 And if we actually have World War III and it goes nuclear, 20:01.200 --> 20:04.680 I hate to say it, but it's possible at this point. 20:05.640 --> 20:07.940 And Europe's not going to be the best place to be. 20:08.740 --> 20:10.460 I don't think there's any place in Africa, 20:11.060 --> 20:13.560 which I think is a good place for a young man still 20:14.120 --> 20:16.280 to try to make his fortune. 20:16.400 --> 20:16.780 Mauritius. 20:18.540 --> 20:22.360 Yeah, kind of borderline Africa. 20:22.560 --> 20:22.980 But you're right. 20:24.460 --> 20:29.780 Where would I go if I wanted to stick my foot in the water in Africa? 20:30.440 --> 20:34.420 I think the first country that I would visit would be Namibia. 20:35.040 --> 20:38.140 Low population, giant geographic area, 20:40.380 --> 20:43.680 more than just a patina of Europeanization. 20:44.400 --> 20:45.600 I'd say Namibia. 20:45.680 --> 20:46.260 Botswana. 20:46.580 --> 20:50.020 Botswana, probably the most prosperous country in Africa, 20:50.240 --> 20:50.740 probably. 20:51.560 --> 20:52.860 Yeah, another possibility. 20:53.740 --> 20:59.320 But I like obscure places where if you're a 21:01.000 --> 21:04.840 white European or North American where you're unusual, 21:05.180 --> 21:07.940 because I like to go places where I don't like, 21:08.440 --> 21:11.080 I mean, a level playing field is a nice ideal. 21:11.380 --> 21:14.840 But when I'm playing the game, I like to be on the high ground. 21:14.980 --> 21:19.160 I like an on-level playing field where I have more money, 21:19.580 --> 21:21.880 more expertise, more knowledge, more experience, 21:22.060 --> 21:24.580 more connections than the locals do. 21:25.040 --> 21:27.620 That means it's a good arbitrage, good for them, 21:27.620 --> 21:30.080 because I can bring something valuable to the party, 21:30.700 --> 21:34.520 and good for me, because I can bring something to the party. 21:35.620 --> 21:37.560 So you're saying if you're young, 21:37.720 --> 21:40.560 would you consider going to some country and living there 21:40.560 --> 21:43.560 and building your business from there? 21:44.360 --> 21:46.880 Business, I'm not so sure about that. 21:47.800 --> 21:52.280 But looking for opportunities to once again take advantage 21:52.280 --> 21:55.880 of an arbitrage, something that we don't know what it is, 21:55.880 --> 21:58.920 but you might find it in that country where that you can 21:58.920 --> 22:00.840 export it or bring in imports. 22:01.640 --> 22:03.980 But day-to-day business dealing with the public. 22:04.900 --> 22:05.580 Seems tough. 22:05.840 --> 22:06.400 Seems tough. 22:06.400 --> 22:07.560 Unless you really know your way around. 22:07.920 --> 22:08.600 I agree with you. 22:08.900 --> 22:10.260 Let me go back to the U.S., though, 22:10.340 --> 22:11.860 because you said, okay, Kamala wins. 22:12.780 --> 22:13.940 You think it's all over. 22:14.900 --> 22:19.940 Yeah, she's a doctor in error, hardcore Marxist, 22:20.260 --> 22:21.260 by family background. 22:21.860 --> 22:24.220 In addition to the fact, she's actually of low intelligence. 22:24.220 --> 22:28.080 She's, I think she's actually stupid and thoughtless 22:28.080 --> 22:30.080 and easily influenced. 22:30.420 --> 22:34.400 And she has, all of her ideas are really bad ideas, so. 22:35.440 --> 22:37.940 Here's a devil's advocate point. 22:38.140 --> 22:39.860 And we talked about this three years ago, 22:40.180 --> 22:44.560 where people have said it would be the right wing, perhaps, 22:45.200 --> 22:50.680 that makes taxes, other in life, harder specifically for expats, 22:50.680 --> 22:54.220 because perhaps under the America First wing, 22:54.320 --> 22:55.740 hey, this country is so great. 22:55.840 --> 22:58.420 If you want to live in Namibia, how dare you? 22:59.360 --> 23:00.100 We're going to make it harder. 23:00.420 --> 23:01.460 And didn't Trump do that? 23:01.580 --> 23:03.240 Now, you can say maybe your answer, 23:03.400 --> 23:05.020 Peter St. Hahn said it yesterday, was, 23:05.500 --> 23:06.560 hey, I'll take one for the team. 23:06.660 --> 23:07.740 It's the right thing for the country. 23:07.820 --> 23:09.240 But it seemed a little bit unfair to me 23:09.240 --> 23:10.480 if you don't want to live in your country 23:10.480 --> 23:12.840 that the right wing could do the same thing. 23:13.360 --> 23:14.560 Oh, I agree. 23:14.780 --> 23:17.040 They're actually, in some ways, 23:17.320 --> 23:19.000 more dangerous than the left wing. 23:19.000 --> 23:20.220 Hard as that is to believe. 23:20.500 --> 23:22.120 Do you really think Hillary would have screwed around 23:22.120 --> 23:23.060 with expat taxes? 23:23.980 --> 23:25.000 Like her or not? 23:25.480 --> 23:25.960 I don't like it. 23:25.980 --> 23:27.000 She would have been the status quo. 23:28.140 --> 23:31.080 She's a dangerous criminal personality. 23:31.220 --> 23:31.360 Sure. 23:31.680 --> 23:34.800 But most of these people that operate 23:34.800 --> 23:37.280 within the Washington Beltway are. 23:37.880 --> 23:39.220 You're getting no, I mean, you never, 23:39.540 --> 23:41.300 you could think it or you never get away entirely 23:41.300 --> 23:42.400 from the U.S. 23:42.700 --> 23:43.820 But if you're living in Namibia, 23:43.880 --> 23:45.560 you got a lot less Hillary Clinton in your life. 23:46.220 --> 23:47.220 Well, that's right. 23:48.540 --> 23:49.460 Or Kamala. 23:49.980 --> 23:54.580 It makes it very hard for them to monitor you personally 23:55.220 --> 23:59.700 to go through your bank records and out of sight, 23:59.800 --> 24:00.280 out of mind. 24:00.420 --> 24:01.700 There's something to be said for that. 24:05.740 --> 24:10.060 But if you want to do it, if you want to internationalize, 24:11.080 --> 24:12.320 it's the 11th hour. 24:12.580 --> 24:15.320 In fact, it's the 11th hour and 50th minute 24:15.880 --> 24:19.460 because one thing that people have to remember 24:19.460 --> 24:22.840 is that the government never controls itself, 24:23.240 --> 24:25.520 but it does control its subjects 24:25.960 --> 24:28.020 who are called citizens for some reason. 24:28.740 --> 24:31.320 And one of the ways they'll do this 24:31.320 --> 24:33.980 is going to be with foreign exchange controls, 24:34.180 --> 24:38.060 which make it very hard and inconvenient and costly 24:38.440 --> 24:40.200 to move your money out of the country. 24:40.620 --> 24:43.620 So if you're fairly well to do American, 24:44.160 --> 24:46.840 now is the time to get your money out of the country 24:47.380 --> 24:51.820 and establish a second residence, preferably 24:52.340 --> 24:55.880 with a second citizenship, someplace else. 24:57.340 --> 24:59.540 Does the 11 hour, because here's, I think, 24:59.600 --> 25:00.500 what some folks would say. 25:00.960 --> 25:03.080 If my guy wins, whomever that may be, 25:03.480 --> 25:05.860 now it's no longer 11 hours and 50 minutes. 25:06.160 --> 25:08.000 Now we're rolling it back to 11 hours 25:08.000 --> 25:08.960 and I have some time. 25:09.060 --> 25:10.360 I'm buying myself time. 25:11.520 --> 25:12.780 Okay, that's true. 25:12.780 --> 25:18.320 If Trump wins, he's not going to be as bad as Kamala 25:18.820 --> 25:21.520 because at least, I'm not a fan of Trump, 25:21.540 --> 25:24.820 incidentally, all I'm sure is a fun guy 25:24.820 --> 25:26.880 to have a beer with, unlike Kamala. 25:27.380 --> 25:28.240 He doesn't drink, remember? 25:28.800 --> 25:31.100 Oh, I guess that's right and he doesn't smoke either. 25:31.480 --> 25:35.360 So, yeah, I guess all we could do is talk 25:35.360 --> 25:37.340 and I suspect that if you're with the Donald, 25:37.800 --> 25:39.540 he's going to do almost all of the talking. 25:41.940 --> 25:44.300 But the good thing about Trump 25:44.820 --> 25:48.820 is that he's a cultural traditionalist. 25:49.800 --> 25:53.000 Regardless of what stupid ideas he has about economics 25:53.000 --> 25:55.680 and he has plenty of dumb ideas about economics, 25:56.440 --> 25:58.340 notwithstanding the fact that he's a businessman, 25:58.620 --> 26:01.760 which is good and Kamala is not. 26:02.720 --> 26:06.400 But the thing is Donald does not want to overturn 26:07.010 --> 26:10.880 the basic essence, the basic nature of America. 26:12.900 --> 26:16.440 So in that, it's the only way he's a real conservative 26:16.440 --> 26:18.140 but it's a very important way. 26:18.680 --> 26:23.080 And that's why I think, that's why I hope that he wins 26:23.080 --> 26:26.360 and maybe it'll give us a four-year respite in some ways 26:26.360 --> 26:32.660 but the problem is that DC, and I lived in DC for 20 years. 26:32.760 --> 26:33.620 In a watergate, no. 26:34.180 --> 26:36.660 Not in the watergate, I mostly lived in Georgetown. 26:37.180 --> 26:40.400 I went to, idiotically, I went to Georgetown University 26:41.060 --> 26:45.320 and then stayed in Washington for the next 20 years after that. 26:46.020 --> 26:55.520 But the problem is that the people that control the government now 26:55.880 --> 26:57.520 are all Jacobins. 26:57.820 --> 27:00.740 They're the same personality types that 27:02.420 --> 27:06.480 ran the French Revolution in 1789. 27:07.440 --> 27:10.600 Same way of thinking, same philosophy, same thoughts. 27:11.360 --> 27:13.040 And they're pretty entrenched. 27:13.600 --> 27:18.200 They've entrenched themselves further with people they've hired 27:18.200 --> 27:20.960 and are now protected by civil service. 27:21.380 --> 27:25.280 And if Kamala wins, they'll stay in office. 27:25.460 --> 27:28.560 In fact, I think she is going to win. 27:30.000 --> 27:33.840 Both because the average American is easily influenced. 27:34.580 --> 27:37.760 I mean, Taylor Swift supports her. 27:38.020 --> 27:41.120 And of course, all the Swifties say, she knows more than I do. 27:41.160 --> 27:42.520 It was always that way, though, no? 27:42.780 --> 27:43.900 Always that way, right. 27:44.440 --> 27:51.820 But now, in the United States, academia is totally conquered 27:51.820 --> 27:54.160 by the cultural Marxist. 27:54.280 --> 27:56.560 It was not that way when I went to college, 27:56.640 --> 27:58.200 maybe not even when you went to college. 27:58.560 --> 28:00.720 And I don't recommend people go to college today. 28:00.900 --> 28:02.500 Incidentally, I'll just toss that out there. 28:02.660 --> 28:03.940 So they go overseas, perhaps? 28:04.720 --> 28:06.920 I wouldn't recommend going to college at all. 28:07.240 --> 28:08.040 I really wouldn't. 28:08.160 --> 28:13.920 I think that, in fact, I'm in the process of writing another book 28:15.280 --> 28:18.200 as to what exactly should a young person do 28:18.880 --> 28:21.940 in that important four years when most people go to college 28:22.480 --> 28:27.560 and tie an albatross of a lot of debt around their necks. 28:28.120 --> 28:35.280 Much more important things to learn and not be corrupted, 28:35.660 --> 28:37.880 which is almost certain to happen. 28:38.460 --> 28:43.160 Listening behind your desk to all kinds of idiots talking. 28:43.440 --> 28:46.480 And almost all college professors at this point 28:46.480 --> 28:47.640 are hardcore leftists. 28:47.940 --> 28:50.860 The entertainment industry totally captured by leftists 28:50.860 --> 28:52.980 insinuating wrong ideas. 28:53.940 --> 28:56.120 U.S. corporations, international corporations, 28:56.120 --> 28:57.140 totally captured. 28:57.460 --> 28:59.600 They're all heads of corporations. 28:59.940 --> 29:02.980 They're all members of the WEF, World Economic Forum, 29:03.260 --> 29:06.740 so that it's tough. 29:07.240 --> 29:11.860 When the bad guys have control of the apparatus of the state, 29:12.260 --> 29:16.160 it's hard to evict them, even if they have to cheat. 29:16.460 --> 29:18.620 You said years ago, you go to Argentina, 29:19.820 --> 29:23.060 you're on your farm, they kind of leave you alone. 29:23.600 --> 29:24.560 Do you think that's still true? 29:24.960 --> 29:25.780 Yes, it is true. 29:25.780 --> 29:30.660 I think it's true, because if you're a foreigner living there, 29:31.900 --> 29:33.000 you're not important. 29:33.580 --> 29:35.800 You're not a native language speaker. 29:36.040 --> 29:38.160 I mean, I can get by OK in Spanish. 29:39.560 --> 29:42.600 You get by OK with moderate Spanish? 29:43.160 --> 29:43.660 That's right. 29:43.860 --> 29:45.980 I mean, I can still get by with moderate French. 29:46.120 --> 29:48.320 I used to speak reasonably good French, 29:48.420 --> 29:51.260 but I don't have an opportunity to speak it very often. 29:51.460 --> 29:54.960 I can even, like most people, get by in German 29:54.960 --> 29:59.400 because the first 500 words of English are all cognates to German. 30:00.980 --> 30:04.320 But you're not going to go to political rallies and influence them. 30:04.320 --> 30:06.140 Why would you go, if you have all the places to go, 30:06.240 --> 30:08.480 why would you choose the place where you're going to be pissed off? 30:09.920 --> 30:13.300 Well, because you don't pay tax. 30:13.560 --> 30:18.200 Look, living in Argentina, I don't pay taxes to Argentina 30:18.200 --> 30:20.540 because I don't live there more than six months per year. 30:21.040 --> 30:25.700 So I'm a well-to-do foreigner who contributes to the economy, 30:26.000 --> 30:28.300 employs people, spends money. 30:29.400 --> 30:31.760 It doesn't make any trouble, quite frankly. 30:32.120 --> 30:35.080 I'm not in a position to make any trouble down there. 30:35.660 --> 30:37.400 Same thing in Uruguay, actually. 30:39.100 --> 30:41.000 What's more tax-friendly in Uruguay? 30:41.280 --> 30:42.520 It is more tax-friendly. 30:43.100 --> 30:44.020 That's true. 30:45.320 --> 30:48.660 And they're both really pleasant places to live. 30:50.360 --> 30:54.460 And as far as speaking Spanish is concerned, 30:54.640 --> 30:58.260 it's important when you're dealing with the waiters and restaurants 30:58.260 --> 31:00.860 and the taxi drivers and this type of thing. 31:01.560 --> 31:03.460 But actually, and this is one of the reasons 31:03.460 --> 31:05.400 why I haven't perfected my Spanish, 31:05.960 --> 31:07.440 is because most of the people 31:07.440 --> 31:11.480 that you will associate with as an American expat