Let me get straight to the point…
We’re at a unique moment in history in which the international system, the financial system, and the internal political system could all collapse at the same time.
Governments are becoming increasingly desperate and aggressive.
Currency debasement, higher taxes, and more regulations often come first.
But, unfortunately, these things are often just the prelude to something much worse…
As they become increasingly desperate, governments implement increasingly destructive policies.
This might include capital controls, price controls, people controls, travel restrictions, surprise bank closures, currency devaluations, wealth confiscations, retirement account nationalizations, harassing domestic political opponents, medical mandates, and much more.
The same pattern has repeatedly played out around the world and throughout history.
It’s as predictable as the changing seasons.
The worse a government’s fiscal health gets, the more destructive its policies become.
This is the root of political risk—the risk to your personal and financial well-being from your government.
It’s no secret that political risk is snowballing in many parts of the world.
This is especially true in the US, Canada, and Europe, where atrocious spending on welfare and warfare has bankrupted most governments.
It doesn’t matter which party is in power. They are all headed in the same direction, albeit at different speeds.
It’s only prudent to expect more regulations, restrictions, taxation, and less freedom across the board.
Each week, the window to protect your personal and financial well-being closes a bit more.
Soon, it could be closed completely, as it did in Russia in the 1920s, Germany in the 1930s, or countless other places throughout history.
This is why many astute people are obtaining a second passport.
Why You Need a Second Passport Today
A second passport is fundamental to freeing yourself from absolute dependence on any country.
Once you have that freedom, it’s much harder for any government to coerce you or control your destiny.
Among other things, having a second passport allows you to invest, bank, travel, live, and do business in places you wouldn’t otherwise be able to.
A second passport also prevents the government from locking you in. Without it, the government can effectively place you under house arrest by taking back your passport if you only have one.
No matter where you live, you can benefit from the political diversification benefits of a second passport.
The increased interest in second passports has naturally caused a surge in second passport scams, which are not always easy to spot.
Obtaining a legitimate second passport is never simultaneously fast, easy, and inexpensive. If you see an offer that is, approach it with extreme skepticism.
Second Passport Scams
If you fall for a second passport scam, it will likely cause significant problems and limit your options.
You want the opposite: minimal problems and more options.
Some passport scams, such as selling alleged “diplomatic passports,” are apparent.
Others are less obvious but similarly dangerous.
First, there are illegitimate passports that someone has stolen, cloned, modified, or counterfeited.
Illegitimate passports mainly show up in the world of organized crime and spy agencies. An average person looking into second passports may run across one, but it isn’t very likely.
Second, there are legitimate passports obtained in some way that skirt the standard legal requirements—usually by bribing a local official. They are a much bigger risk.
This is the most common passport scam you must be aware of.
Usually, this involves someone’s “special friend” in a foreign government who can help you get a passport faster and easier than you could otherwise.
If this tempts you, consider what will happen once the issuing government inevitably discovers and busts the “special friend.” You can expect, at a minimum, that your passport will be canceled and never renewed.
Decades ago, someone might have gotten away with using an illegitimate passport or a legitimate one acquired by skirting the rules. However, governments have linked up their databases today, and many passports incorporate biometrics.
Using anything but a totally legitimate passport is foolish and dangerous—likely a direct ticket to jail and significant legal problems.
The Key to Avoiding Problems
No matter the country you are obtaining a second passport from, you or those advising you should be able to point to specific naturalization laws with explicitly defined requirements that clearly spell out everything.
This information is usually on the local government’s website or one of their consulate’s or embassy’s websites.
It’s a major red flag if you can’t verify this information with the local government.
Extreme skepticism is warranted if someone makes claims that don’t correspond with the explicit legal requirements.
Here are a couple of other tips.
Today, the cheapest legitimate economic citizenship program costs about $100,000 plus tens of thousands in fees. Even under the best circumstances, processing takes at least a couple of months. Be wary of any economic citizenship program that’s cheaper or faster.
Make sure you have up-to-date information. Naturalization requirements and options change frequently.
Conclusion
Obtaining the political diversification benefits of a second passport is crucial to ensuring your freedom in a changing world.
Falling for a passport scam is a sure path to fewer options… or worse.
Unfortunately, no path to a legitimate second passport is fast, easy, and inexpensive at the same time.
However, this does not make obtaining a second passport less urgent or crucial.
Time is of the essence.
Whether it’s financially, militarily, socially, or politically, the world is facing a severe crisis on multiple fronts that could break out at any moment.
The situation is urgent. We recommend that you act NOW before you become trapped by circumstances out of your control.
Fortunately, there are numerous options to obtain a legitimate second passport. However, the menu of options is constantly changing, and there is no one-size-fits-all solution.
To get started and to help you navigate the complications, check out Doug Casey’s International Man’s comprehensive guide on how to get the best second passport. Click here to download the PDF now.
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The Most Common Second Passport Scam… and How To Avoid It - International Man
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