OVZA
New Horizons Paraguay
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Where should one keep their wealth to avoid future potential sanctions?

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I don't disagree‍ with you, I'm just saying that if the US and the rest of the west⁠ want to f the crypto market, they absolutely can do so. Even "decentrailzed" tokens/projects depends⁤ on the network and liquidity of centralized digital assets, So, you can't help but ask,⁣ how can you swap these DEFI tokens for centralized one to be able to cash⁢ out, if the centralized one are put under hard scrutiny by western governments? the answer︀ is, you can't. specially for larger amount of money/tokens.
Really, can't you just︄ have an investment visa that's issued for your HK company? I know it's hard to︅ meet the full requirements but it's not impossible.
Malaysian banks could be an option too, most of them has branches in HK︍ and mainland china, So, maybe a something to consider (although I'm very skeptical of the︎ current gov)
 
That's true. Still it‍ is the only major "domestic" bank because it preserved it's administrative independence.
Wing Hang is⁠ the opposite since they got fully integrated into OCBC procedure-wise.
 
Not sure what Martin Everson is doing but, here are⁢ some ideas: own commercial real estate with long term leases, resorts, hotels, casinos and multi-family︀ facilities with consistent rent agreements of 12 months or more. Cash stake or ownership in︁ grocery and goods businesses, own the property and collect rent from essential businesses that will︂ be around in the worst of times. Hospitals or medical facilities or clinics, people will︃ always need some sort of medical service, from child birth on up, and doctors will︄ come and take residence there....Set that up in multiple countries. Through time the properties (hard︅ assets) will appreciate and the probably of income in a diversified portfolio of industries should︆ be consistent. Takes a while to set up, and more to unwind, but not as︇ susceptible to market fluctuatiuons.
 
As I said, depends on the type of company. It is‍ definitely no longer possible for somebody who wants to invest a meager 7-figure-amount and then⁠ is not employing any locals.
Actually, all this is not worth the effort considering that⁤ there are plenty of alternatives which are easier.
Malaysia and its banks are Western aligned. Not a safe alternative for somebody who seeks independence︀ from potential future sanctions.
 
I disagree here.
I sold my hotel already as it has︃ no future in the next decade.
Remember in a financial crisis people always spare money︄ of goods/services which they don't need.Last year tourism was already dead if not the governmental︅ coupons which ended in end of 2021.
Luckily i sold before 2020 already "knowing" that︆ a big recession is coming.
Commerce RE won't be used much longer as more and︇ more staff gets centralized and sold via internet.
Doctors etc is getting moved also into︈ a direction where you won't meet him anymore.
Also RE are overpriced in value and︉ a lot of debtors are going to tank in the next few years.

The direction︊ goes clearly to smart cities where i won't invest a dime to finance my own︋ prision

I remember being in a closed conference in 2019 where they told people will︌ have to wear health bands which will control everything and if somebody denies his health︍ insurence price will be increased by 3-4 times.

Also there comes an event imo which︎ will decrease the demand of RE outside of tier1 cities massivly.And in tier1 cities you️ won't find any RE with good yield

at which‍ one would you recommend to have a look at ?
 
One step at a time,‍ you can't cut ties completely with the western world, we are at the peak of⁠ globalization and we have seen all the bad and good things that come with it⁤ in the last 2 years.

You start with a malaysian bank, build some relationships with⁣ the bank, open a HK Bank account with your MY bank branch in HK, invest⁢ in a couple of HK companies to have that "business history" in HK, then open︀ a full fledged HK bank account.

It will take some time, but it's better than︁ nothing.
Plus, I say that it's not impossible, because I have a direct experience in︂ this matter. I have a HK company and I source directly from shanghai, I happen︃ to also have a local bank account with one of the largest banks in HK,︄ I will admit tho, that I deal mainly with EMIs because but I do so,︅ because HK EMIs are efficient and they provide fast settlments, but for cash reserves, my︆ local HK bank account is more than fine.
 
Look into UZ: Outside of the beaten track, nobody cares about the West‌ over there. UZ banking is surprisingly good. Investing locally has become pretty easy in recent‍ years.
To do anything meaningful (incl. banking) you will need a business visa/investor visa. It⁠ is easy to secure one.
Get your boots on the ground, bring with you good⁤ mood and a bit of patience.

Another favourite of mine is EG. Not that it⁣ is independent from the West. But it flies under the radar, won't get sanctioned by⁢ anybody (even in the direct aftermath of the awful Arab Spring it was just a︀ handful of very famous politicians who were on sanction-lists) and plays a balanced game between︁ East and West. Banking is excellent over there and investments are always welcome. Western nations︂ won't seize your assets in EG - too complicated, any attempt to do so will︃ produce a "'zero-result".
 
Decentralized stablecoins, crypto or algorithmically backed are always an option. The stable I would personally‌ choose would be DAI as it is completely decentralized. Then have the wallet on a‍ laptop running Qubes OS, encrypt the recovery phrase and store the encrypted phrase in two⁠ separate bank vaults so that even in case of theft by an employee, a bankjob⁤ or natural disaster you still have your phrase and your phrase cannot be read.

There are also third-party options in Switzerland for example that I cannot list here due to⁣ promotion rules.
 
There are many people who lost a fortune︀ because of DAI's bugs.
Also DAI is not stable if people will flee from USD︁
 
In case‌ of a dollar-collapse yes, you would lose your money. Pretty unlikely in my opinion but‍ possible. If you want to hedge against this there is always the Terra Luna stablecoin⁠ which also has EUR, CHF, JPY etc. And there is also the less proven but⁤ interesting Pax Gold which is a token backed by physical gold.

Regarding the bugs, there⁣ has been a lot of development and bug hunting but I agree smart contract risk⁢ is always there. However, given the sizable amounts of capital crypto projects have at their︀ disposal these days I think we will see less attacks and sackings on stablecoins /︁ big projects than before.

The big pro is that you can easily bring your money︂ everywhere, and for the Luna-ecosystem of stables you can even get a credit-card enabling you︃ to pay directly out of your savings account.
 
There will be no collapse of USD.USD will just loose its sole major role as︄ world reserve currency which will cost about 50% of its value.
Once this happens noone︅ wants to hold his savings in USD and this could cause big trouble for DAI.︆

Luna is hot because they will offer stablecoin based on SDR's
 
50% of its value sounds like a collapse to me and there is no⁣ way to be certain about that happening any time soon. The US is still the⁢ #1 for talented people to go. And yes, SDR's will be very interesting and viable.︀ My only fear is that Terra can be regulated.
 
SDRs are only held by the IMF and by sovereign governments. Are you guys saying‍ that crypto coin creators will create a coin with a synthetic financial position based on⁠ the basket of currencies in an SDR?

If so, considering all the hacking and other⁤ security risks, how would such a synthetic financial position be superior to simply holding all⁣ five SDR currencies (in the proper ratios) in a multi-currency account in a strong, stable⁢ bank located in a trustworthy jurisdiction?
 
This thread is⁢ about avoiding sanctions like the ones imposed on the Russians. A strong, stable bank located︀ in a trustworthy jurisdiction can still be hit by sanctions or be affected by war︁ etc.
 
Stables based on SDR could mean⁠ adding many other currencies like Indian Rupee etc. In a certain form DAOs like wonderland⁤ and Olympus proposed a similar concept with stables minting and bonding. The good thing about⁣ crypto is that financial experimentation can be extremely fast.
 
The Indian Rupee is not what one would consider a⁤ safe and non-risky currency and also much more volatile compared to USD, EUR, JPY, CHF.⁣ But yes, crypto is really going places apart from all the nonsense happening in the⁢ sector. Truly a joy to watch.
 
Swap lines could stabilize currency market outside western banks,⁤ SDR eventually can bond over a basket just like DAI works over a basket of⁣ other crypto. CBDC could join DeFi and create a mixed market. Possibilities are endless, what⁢ I am sure is that the financial world will change fast, and I think crypto︀ will play their part.
 
A CDBC however is an option. I understand Huawei phones now ship with a digital‌ yuan wallet in preparation for China's CDBC. But time will tell if they limit access‍ to the CDBC only to China. Would love to be able to bypass western currencies⁠ and banks to hold some. Plenty of stuff in China I buy already.
 
And after the ban‍ of the Russian athletes at the paraolympics games, the stop at the any concert of⁠ Tchaikovsky, ban at teaching Dostovyesky and Tolstoy literature, ban at the name of Yury Gagarin,⁤ and so on, we now have a complete ban also at the “Russian art”.
With this bestial, ignorant and Luciferin cancel culture, western world deeply deserves being culturally and financially⁣ annihilated.
 
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