Black Swan Alert: Why Going Offshore is More Important than Ever

Black Swan Theory was conceptualized by Nassim Nicholas Taleb and is used to describe any impact of events that come as a surprise in societal aspects. Black Swan Theory applies to events that are unprecedented at a particular point in time, meaning that when it happens, it’s the first time it has ever happened.

The Black Swan Theory has been seen in the impacts of events such as World War I, the terrorist attacks that occurred on 9/11, as well as the rise of the Internet.

Now, economists and theorists everywhere are wondering if we aren’t very close to seeing the next Black Swan event, and the world is wondering what the ramifications of this next event are going to be. What impact will the next Black Swan event have on the world?

Many believe we are very close to seeing a Black Swan event, or maybe even more than one. With the novel coronavirus reaching around the world and the CDC announcing that U.S. residents need to be prepared for a pandemic level situation, it seems quite likely that the virus is already showing the world something it hasn’t seen in a very long time.

Now that technology unify the world, things could be better, or they could be drastically worse. Stocks are already shifting, companies are already suffering, and economies are already feeling impacts from the reach of the novel coronavirus. Could this be the next Black Swan event to go down in history?

Another cause for concern is the tension going on between the United States and Iran. Many are wondering if a war between the two countries couldn’t be the next Black Swan event in the history books.

While it’s too soon to tell, that’s not stopping people from getting prepared. We are seeing more and more people turn to setting up offshore structures as a way to avoid the next Black Swan event. Establishing offshore bank accounts and setting up offshore structures are two of not-that-many options to protect your wealth when the next Black Swan event occurs.

There are many reasons why one would consider going offshore but avoiding the impacts of a Black Swan event is a major reason for establishing an offshore presence to protect your assets. Here are some other indicators that can give you reasons why you might want to go ahead and go offshore:

You Want to Get the Most from Your Money

Your local banks have dwindling rates, as do most domestic banks. You aren’t seeing the investment options you want. In fact, you feel that growing your wealth is nearly impossible in this financial environment. Those are all reasons to get out of this financial environment and into an offshore bank account. With offshore, you can get access to better rates and more investment options. If you’re ready to get the most from your money, then it’s time to explore offshore banking.

You Don’t Have Faith in Your Government

Let’s face it: the government hasn’t shown itself in the best light. We all know that things can get worse before they get better. If you generally find that you don’t trust your government, then you probably fear what will happen to your assets if the government is in trouble. If you want to avoid your assets being seized or frozen, then you need to know that going offshore eliminates this issue.

You Don’t Have Faith in Your Bank

Domestic banks are notorious for taking your deposits and then lending them to others. What does that mean for you? Well, your bank can’t cover your deposits. If, by chance, they are able to, what would happen if the government fell into turmoil and people flocked to withdraw their deposits? That’s right, your bank wouldn’t be able to accommodate everyone. If you want to take your assets out of a risky banking system, then you should consider offshore banking.

You Want to Reduce Your Taxes

Now, you know that you have to be transparent about your finances, but you are well within your rights to want to reduce your taxes. If you are interested in finding ways to reduce your expenses and preserve your wealth, then you might want to take a look at offshore banking.

At the end of the day, if you are losing sleep and stressing because you’re worried about your finances - whether this is due to a potential upcoming Black Swan event or some other reason - then offshore banking could be the solution you’ve been looking for. You are right to want to grow and protect your wealth, and offshore could be the answer.