I can't believe that I'm reading this book in 2021, this is an amazing book, thank you so much for recommending this book, it's a MUST read for sure.
@OffshoreCitizen2 жыл бұрын
Always a pleasure! Any recommendations you'd like to share with us?😄
@tomforstik4899 Жыл бұрын
This has been my favorite book for 20 years. These authors are absolutely brilliant. Great summary, and thanks for making this video!
@DanyBolduc2 жыл бұрын
Great summary -- it would be really interesting to hear you apply the author's mental model with your view of the current world and come up with macro trend predictions over the next 5 - 10 years.
@chocmilkisgood2 жыл бұрын
You honestly have the best finance related channel on KZfaq. No fear mongering. Just straight up very well researched opinions and no blatantly video long ads. Keep it up! I hope the channel is generating enough leads for your business to justify keep making videos.
@OffshoreCitizen2 жыл бұрын
That's the goal. Thank you for the kind words, appreciate it. How did you like today's video?
@jvstn13212 жыл бұрын
I’m reading this right now… no way I’m going to get caught sleeping during the transition to the Information Age lol
@soloveich2 жыл бұрын
The rise of offshore still remains to play out as clientele numbers grow. We're only in the beginning of it
@venusreena25322 жыл бұрын
my thought too
@stinger47122 жыл бұрын
I was about to type that but I thought to see if anyone already had a similar thought. You put it excellently
@20kevron2 жыл бұрын
The Fiat Standard by Saifedean Ammous is very good.
@casholiciousbutterscotch85912 жыл бұрын
Brilliant review. My second favourite book of all time (after The Fountainhead by Ayn Rand). It provides such a great frame from which to perceive the future especially with the dawn of 5G IOT networks and how that may play out. I can't believe this book was written in 97.
@JohnSmith-kb5ku2 жыл бұрын
The Fountainhead is a brilliant book.
@pauldby14792 жыл бұрын
This book -by parent of UK MP Rees Mogg and similar virus and world depopulation books also written years ago by parent of Boris Johnson -such a coincidence
@RomilCPatel2 жыл бұрын
Have you read “the fourth turning”? It’s a similar book written in the early 90s that’s predicting a lot of what’s happening now.
@OffshoreCitizen2 жыл бұрын
I have that one I'm not a big fan of I find their models are mostly pseudo science, which I dislike.
@MayorofMagaluf2 жыл бұрын
Another great book. It could be claimed as pseudo science but I don't think you can argue that the world doesn't run on cycles like the seasons. So why wouldn't there be a macro cycle encompassing the psychology of generations?
@tinglestingles2 жыл бұрын
Yes, I bought it during lockdown last year.
@OffshoreCitizen2 жыл бұрын
Cool! How did you like it?
@tinglestingles2 жыл бұрын
@@OffshoreCitizen Good - a bit unsettling that it was written a while ago.
@straight66042 жыл бұрын
Hard to interview Rees-Moog, who died in 2012. James Davidson keeps a low profile, but he is writing his newsletter again, so maybe would be up for an interview to promote the newsletter.
@OffshoreCitizen2 жыл бұрын
Are you following his work?
@straight66042 жыл бұрын
@@OffshoreCitizen I have the book on my shelf and subscribed to his newsletter Strategic Investment before it ended. Now it's started again and I'm thinking about subscribing.
@worldnomad9342 жыл бұрын
Michael - I'd love to see a video about what it takes to "set up" an off shore business. I run a location dependent business here in the US, so I can't move it, but we do purchase from overseas. If I could supply my US entity with things it would give me a foreign company that can eventually lead to residency and maybe even citizenship. Our volume of purchases isn't huge - it would be great to see a video about micro businesses and their uses as well as pros/cons.
@libertarianspirit2 жыл бұрын
Thanks for mentioning this book!
@OffshoreCitizen2 жыл бұрын
You're welcome! Have you read it?
@libertarianspirit2 жыл бұрын
@@OffshoreCitizen In the process. I’m listening many books in parallel.
@Oyzatt2 жыл бұрын
Thanks for your lucid video, much appreciated
@young-ceo2 жыл бұрын
Thank you!!!
@OffshoreCitizen2 жыл бұрын
You're welcome! Any books you'd like to recommend?😄
@MW-vg9dn2 жыл бұрын
Great content as always
@OffshoreCitizen2 жыл бұрын
Thanks! Have you read the book?
@MW-vg9dn2 жыл бұрын
@@OffshoreCitizen No, but I will based on your recommendation ;)
Жыл бұрын
Is there any other similar book that predicts a different outcome?
@OffshoreCitizen Жыл бұрын
Sure plenty in different ways
@MarieElwood2 жыл бұрын
Thank you for recommending the book; interesting insights... I'm going to read it based on your review. P.S. Of all your videos, I like what you've done here for your set the most: it's not distracting, and the distance of the camera to your upper body seems great. Also the lighting/lack of glare is especially flattering. Great job, Michael! Thank you for all the great content. Here's to your continued success!
@OffshoreCitizen2 жыл бұрын
Thank you for the feedback, Marie. And your support, truly appreciate it. Any books you'd like to recommend?
@MarieElwood2 жыл бұрын
@@OffshoreCitizen I've got "The Fourth Turning" by Strauss and Howe on my list, which may be a nice complement to "The Sovereign Individual." I found Angell and Lespering's "Flight of the Golden Geese: How the 1% Matter to the 99%" a good read. Thanks again, Michael!
@GetCloudSkills2 жыл бұрын
I feel like the book is a little out of date. The author expected the rise of "offshore competition" where free people can get their choice of many destinations. But it seems like we're living in a "global minimum tax" / "factra" central-banking controlled by the US government kinda world... Opposite of what they predicted.
@worldnomad9342 жыл бұрын
I haven't read it (but just ordered based on the rec in this video. I'd say that the move to a "global minimum tax" world is governments attempt to hold back the tide. By forcing the same tax system globally, it removes the incentive for wealth creators to move and therefore stops or delays the loss of these people and their wealth / contributions. It is the digital era equivalent of the Soviet iron curtain forcing their citizens to not have the choice of democracy/capitalism.
@cesuntbanii Жыл бұрын
Yeah, it's a great book. For me it resembles Will Durant's Lessons of History.
@camkazi36502 жыл бұрын
I’m thinking bitcoin ?
@stuartmalin6612 жыл бұрын
Giving away my age - I read The Sovereign Individual when it first came out.
@OffshoreCitizen2 жыл бұрын
Lol And how did you like it?😄
@kallaji73832 жыл бұрын
Sounds like an awesome book.
@OffshoreCitizen2 жыл бұрын
It is! Any books you recommend?
@MayorofMagaluf2 жыл бұрын
How do people see this book alongside the Great Reset World Economic Forum agenda? Also, when they talk about soveriegn individuals I clearly see John McAfee.
@OffshoreCitizen2 жыл бұрын
I did a video sometime back on The Great Reset It gets pretty misrepresented. This being said the book predicts the rise of nationalism in opposition to globalization prior to the eventual collapse of the nation state. My guess is they'd argue it will fail.
@MayorofMagaluf2 жыл бұрын
@@OffshoreCitizen "The Luddites" the authors refer to, who oppose the collapse of the nation state, I see mapping to the peaceful protesters in Ottawa and to the MAGA voters in America. You just have to look at all the patriotic flags flying in the crowds. What I have been chewing over after listening to this book recently, is how it relates specifically to the political situation in the UK at the moment. The son of one of the authors is Jacob Rees-Mogg, who currently serves in Boris Johnson's cabinet. He is a driver behind the UK leaving the EU. Some think this book explains the thinking of British elites who want to extract the nation state out of the clutches of the continetal welfare state of the EU. I believe that the WEF vision for globalisation is going one way, and the people driving Brexit have their vision of the future described in this book. Both going in different directions, both the end of the nation state. It would explain the huge attempts to oust the PM at the moment and the UK's apparent divergence from the more strict COVID policies being implemented across the world. Great book, though. Spooky to hear how many things they get right. It starts with terrorism by bin laden (years before 9/11) and carries right on to describing the Metaverse.
@JoeHeine2 жыл бұрын
Canada is not “offshore”
@OffshoreCitizen2 жыл бұрын
We did a video way back when talking about "what is offshore". Offshore is anything outside your country. For most of the world the US is offshore but for Americans it's onshore. If you're saying Canada isn't low tax that's mostly true. If you're saying Canada doesn't cater well to foreign businesses that's also true.
@theeverfartingelephant81892 жыл бұрын
I will have to read this, sounds like the CIA or FBI knew the plan, predicting things like this.
@BlackLabelExpat2 жыл бұрын
In summary you would probably become a citizen of an island nation for a million dollars plus your current lifestyle
@OffshoreCitizen2 жыл бұрын
What makes you say that?
@BlackLabelExpat2 жыл бұрын
@@OffshoreCitizen the author actually says something like this on the book. Because predatory taxation will roughly cost you that amount over your lifetime for a middle class person and even more if you are rich.