The Nestmann Group keeps you up to date on important trends, developments and risks that may affect you. Here’s what’s new…
We’ve been in the “offshore" business long enough to have some fairly long memories. Thirty or 40 years ago, it was considered sophisticated to have an offshore bank account. At a cocktail party, someone might casually mention they had assets in Switzerland. To the "in crowd," offshoring yourself was a mark of sophistication.
If you’re an American, your life savings probably are overwhelmingly in this asset—the US dollar. Since 1913—not coincidentally, the year the Federal Reserve came into existence—the dollar has lost about 99% of its value relative to gold.
As the US economy slowly reopens, unwinding from the COVID-related lockdowns of 2020 and early 2021, employers are facing an unprecedented shortage of available workers. Many reasons have been cited for the lack of employees, such as low pay and overly generous unemployment benefits. Lingering fears of COVID-19 also play a significant role in keeping workers away.
Our January 2021 article on vaccines and "informed consent" was easily one of the most controversial we have ever published. And just as we predicted, "vaccine passports" (or "immunity passports") showing proof of vaccination for COVID-19 are now being introduced. They are increasingly required for crossing international borders. Domestically, vaccine passports are also gaining traction, though not without considerable political pushback.
Imagine walking down the street, minding your own business, only to realize that every step you take is being watched, recorded, and analyzed.
Bitcoin, along with other cryptocurrencies, has been on an upward tear since the COVID pandemic began. On January 1, 2020, bitcoin traded at $7,174.74. By April 15, 2021, its price had soared 783% to a (so far) all-time high of $63,346.79. Other leading cryptos such as ether enjoyed similar gains.
Would you pay $69.3 million for this image? A hedge fund financier who goes by the handle “Metakovan" did last month at a Christie’s auction.
In February 2021, Romney unveiled a proposal he calls the "Family Security Act." The plan seemed shocking at first, especially coming from a solidly GOP senator: a guaranteed monthly cash benefit for families, amounting to $350 per month for each young child and $250 per month for each school-aged child.
Former legendary talk show host Larry King died last month at 87 years. At first glance, he might not appear to have much in common with pop star Prince, who died in 2016...
In 1971, President Richard Nixon supposedly told an ABC News reporter that he was "now a Keynesian in economics." This statement was an acknowledgment that he agreed with the ideas put forward by British economist John Maynard Keynes. In his 1936 book The General Theory of Employment, Interest, and Money, Keynes recommended higher government spending and tax cuts to stimulate demand, aiming to pull the global economy out of the Great Depression.
Only a decade ago, cryptocurrencies, also known as "cryptos," were virtually unknown. Since the invention of the first crypto (Bitcoin) in 2008, thousands more cryptos have been developed. But Bitcoin, the original crypto, remains by far the most popular in today’s market and continues to set price records.
Offshore investments often carry a negative connotation, but the reality is far more nuanced. Contrary to popular belief, most offshore activities are entirely legal and serve legitimate purposes. Media coverage tends to sensationalize the idea of offshore investments as synonymous with corruption. The truth is that these financial arrangements are often practical, necessary, and above all, legal.
Imagine a world where scarcity is no longer a concern, where homes can be printed in a day, and diseases are eradicated before they can spread. This may sound like the stuff of science fiction, but these are just some of the innovations on the horizon that are changing our world for the better.
It’s no surprise that Big Brother takes an intense interest in how we interact with our mobile devices.
The COVID-19 pandemic has irrevocably altered the fabric of American society. It has reshaped everything from our urban landscapes to how we work and play.
Heads, Big Brother wins. Tails, you lose. That’s the no-win dilemma US citizens who live overseas face when it comes to using a US passport...
You might call it the “curse of good intentions”: an action we take upon ourselves or require others to take in the expectation it will improve things for us as individuals or for society.
An economic truth I revisit periodically is that every fiat currency (a medium of exchange without intrinsic value or backing by a commodity with intrinsic value, such as gold) will eventually become worthless.
In today’s world, government surveillance has become more pervasive and invasive than ever before. Over the years, government surveillance expansion has progressed from basic data collection to more advanced technologies. Today, sophisticated monitoring systems can track our every move.
The global economy is on the brink. Unemployment is soaring, and businesses across the country are closing. Even large-scale government relief won’t be enough to stop the economic fallout.
As the COVID-19 pandemic wreaks havoc on the global economy, Congress is preparing a $1 trillion bailout package. But will this solve the problem or simply fuel the next corporate crisis?
Do you remember the first time you realized that the government was lying to you?
A decade or so ago, a client I’ll call Will hired me to give him a list of tactics to prepare for an unforeseen natural or man-made disaster. I presented my research to him when we met a few weeks later.
The island of Nevis covers just 36 square miles, has 12,000 full-time residents, several hundred hotel rooms, and a tiny airport.
Our planet’s climate has been changing for billions of years. It will continue to do so for billions more. Eventually, the sun will become a "Red Giant," consuming the inner planets in the solar system, including Earth.
The world is smaller than ever, and the opportunities to internationalize your finances are right at your doorstep. In just a few hours flight from the US, you could be securing your assets in Europe’s safest vaults or earning higher interest rates in Panama.
In August 2018, an astonishing $17 trillion in global debt had negative yields. About 30% of investment-grade bonds had yields below zero. If you bought these bonds and held them to maturity, you were guaranteed to lose money.
In February 2019, the Supreme Court unanimously ruled that the Eighth Amendment prohibition against "excessive fines and fees” applies to civil forfeiture cases and other civil, non-criminal proceedings.
Did you know Hollywood star Nicholas Cage played Lois Lane in a Superman movie? Or that Facebook founder Mark Zuckerberg once boasted that the social media giant has “total control of billions of people’s stolen data?”
Given shifting attitudes, it’s harder to publicly argue in favor of offshore investing than it once was.