0:00

No matter where you live in

0:02

the world, you're subject to authorities

0:04

that tend to abuse their power.

0:07

Through taxation, legislation, or outright tyranny,

0:09

every one of us faces consequences

0:11

based on our nationality. Andrew

0:14

Henderson started Nomad Capitalist as a

0:16

means of determining which countries treat

0:18

its citizens the best, providing the

0:20

most fertile grounds for living a

0:23

life free of government interference and

0:25

undue tax burdens. Today, Andrew joins

0:27

us to share his insights on

0:29

the state of the world and where

0:32

those who seek to maximize their liberty

0:34

would be most welcome. In the Republic

0:36

of Bad Cryptopia, we treat everyone well.

0:38

There's no taxation and the only law

0:40

is that you stay bad. So we

0:42

welcome you to join us and Andrew

0:44

in our crypto utopia on episode number

0:46

721 of the Bad Crypto Podcast. Who's

0:58

bad? Yes,

1:21

in the Republic of Bad Cryptopia, we

1:24

are a benevolent dictatorship, which

1:26

means we make the rules, but there really

1:28

aren't any. So I'm

1:31

more of a benevolent dick. He's more

1:33

of a taker. He loves potatoes. I

1:36

do. It's true. Al Groton.

1:38

Hey, so what is actually

1:40

episode one of the almost

1:42

OK? Crypto podcast. Oh,

1:44

we're starting over. Is this a reboot? And

1:48

you know what? Never mind. Let's not do that.

1:50

I'm too old for a reboot. Hey, hey, just

1:52

everybody just know we're almost OK, though, now after

1:55

seven hundred and twenty some episodes

1:57

finally getting OK. I

2:00

don't know. I might need to take a

2:02

vote on that, but I'll tell you what

2:04

our guest today is. No, we're benevolent dictators.

2:06

We can say whether we're good or not.

2:08

Okay. Dick? This guest is more than okay.

2:10

He's awesome. We've been wanting to speak with

2:12

Andrew from Nomad Capitalist for a couple years

2:15

now, and finally the stars aligned might have

2:17

had something to do with the eclipse. I

2:19

don't know. And he's doing it. Well, he's

2:21

had to wait for an eclipse for him to come on the

2:23

show. How crazy is that? It took total darkness for him to

2:25

see the light. You guys are

2:27

so bad. You know what? If the sun

2:29

goes dark in the middle of the day, then maybe I'll

2:31

come on your show. Yeah. And

2:35

there he was. And here he is.

2:37

Let's listen in with Andrew Henderson. Being

2:43

a Nomad Capitalist refers to

2:45

a philosophy and a company

2:47

focused on the idea of

2:49

go where you're treated best.

2:51

This involves leveraging global opportunities

2:53

to increase your personal freedom,

2:55

protect your wealth, and enhance

2:57

your lifestyle. Founded by Andrew

2:59

Henderson, the company provides services

3:01

that help people with things

3:03

like offshore banking, second citizenship,

3:05

tax strategies, investments for high

3:08

net worth individuals. And the

3:10

concept is about utilizing international

3:13

strategies to legally reduce taxes,

3:15

diversify your investments, and gain

3:17

additional freedoms through multiple residencies

3:20

or citizenships. It's a lifestyle

3:22

and it's a strategy embraced

3:25

by digital nomads, entrepreneurs, investors,

3:27

anybody that wants to optimize

3:29

their legal and financial standing

3:32

globally. And we are pleased

3:34

to have with us the

3:36

Chief Operating Officer and the

3:38

head janitor at Nomad Capitalist

3:40

Andrew Henderson. Andrew, welcome. Sometimes

3:43

they only let me do the second one. It's

3:46

going to push me out of the way, but it's good to be with you. Yeah,

3:49

actually you stepped back

3:51

for a while because we had reached out like

3:53

a couple of years ago to have you on

3:55

the show and your people were like, oh, he's

3:57

not doing videos anymore, but now I see your

4:00

back with a vendor. So what happened? What was

4:02

that whole in-between period, your blue period? I,

4:05

I, somebody probably didn't get the memo. I

4:07

don't know. No, I

4:09

mean, we've been really busy. So I mean,

4:11

you grow business and there

4:14

was probably a time back in like 2021. I mean, we

4:17

couldn't think straight. There were times

4:19

back when I talked to all the clients. I

4:21

mean, I think I had two 14 hour

4:23

days just of talking to folks,

4:25

a little uncoordinating the actual work, let alone running

4:28

things. So, you know, as time has gone on,

4:30

I think that I, I

4:32

like to be a guy who leads my example.

4:34

I could do pretty much every job of my company. I

4:36

have done a good number of the jobs

4:39

at the company and probably didn't let

4:41

go soon enough of some of them. So we've

4:43

got a really great trusted team. Obviously nobody, you

4:45

know, is never, never of a hundred percent success,

4:47

but there was probably a time a couple

4:49

of years ago when things were just going

4:51

so crazy and crypto was on fire and

4:53

COVID was in the middle of everybody being

4:55

locked out and locked down. It was terrible.

4:57

And we just said, Hey, I mean, you know,

4:59

we got to prioritize the business. And so, you know,

5:01

for me, being an entrepreneur is how do you fire

5:04

yourself from jobs? But because our business

5:06

is so unique, I mean, we hire people,

5:09

we, half of our staff, there's no such job

5:11

anywhere in the world, I don't think we do

5:13

things. I just invented systems for how we run

5:15

our events, how we serve the client,

5:17

like how we make the plans, like there's nothing else

5:19

like it. And so I'm not a

5:22

guy who likes to let go too soon. Maybe,

5:25

maybe took me too long, but I didn't want to

5:27

let go too soon. And the result, I guess, is

5:29

some of this stuff suffered. Yeah. So

5:32

let me take it back for the folks who

5:34

maybe aren't familiar with what you're doing over there

5:36

at Nomad Capitalists. So, you

5:38

know, what motivated you to start this

5:40

and to maybe dedicate your career to

5:43

helping people go where they're

5:45

treated best. And I want to say this, a friend

5:47

of mine said to me, he said, go where

5:51

you're celebrated, not where you're

5:53

tolerated. And so was

5:55

there maybe a specific experience or realization that

5:57

helped inspire this mission? My

6:00

father told me that. I don't think he realized

6:02

it would be such a big thing. My father

6:05

is now spending half his year in Mexico, down

6:07

in the community with a lot of ex-pats and

6:09

a lot of the ex-pats are like nomad capitalists

6:11

and they say we're here because of nomad capitalists.

6:13

But he told me, this is 27 years ago

6:15

now, you don't think you have to stay in

6:17

this country in the United States just

6:19

because your parents are here. You ought to

6:21

go where you're treated best. And I think that was

6:23

pretty progressive. A lot of the parents that my friends

6:25

had were like, you got to stay in

6:27

Ohio. What are we going to do when we get

6:30

old? My parents didn't believe in that. I'm

6:32

sure I don't agree with my parents on everything, but they

6:36

gave me that permission slip. You should do

6:38

what's best for you. You should crash through

6:40

the dogmas. And so the business nomadic calculus

6:42

is a result of me blogging

6:45

and researching and traveling all around the

6:47

world to figure out how this stuff

6:49

really works because I didn't think anybody

6:52

was talking about offshore strategies or

6:54

second citizenship in a way that

6:57

wasn't kind of sketchy. When I got into

6:59

this, there was a lot of guys in

7:01

Panama and they didn't tell you their real

7:03

name. And it's like call this Skype number

7:05

and send the money like in an envelope.

7:07

But I'm like, I

7:09

just got to be made a way to do this. I'll

7:12

put my face on it. I'll put my

7:14

real name on it. I'll be the, what

7:16

I eventually called a goody two shoes of

7:18

the business. There's a need for that because

7:20

normal people like us, we don't want to

7:23

call it, we don't want to send an

7:25

envelope to Panama, but we want the lower

7:27

taxes. We want the second citizenship. We want

7:29

the freedom. And I thought there was an opening. I

7:32

love the idea of crashing through the

7:34

dogmas. You know, so many people just

7:36

automatically take on the faith

7:38

of their parents. They don't question why they

7:40

believe what they believe. They take on the

7:43

voting patterns. You know, imagine waking up, you

7:45

know, as a Democrat in

7:47

2024 and going, wait, my parents voted. This

7:50

isn't what they, they came up with. And

7:52

certainly, you know, growing up in a nation,

7:54

you think that, wow, we're, we're the best.

7:57

And then you start to realize, well, you know, maybe. The

8:00

US might still be the best

8:02

but boy, we're sure working on

8:04

not being the best. There

8:07

are a lot of places to go that

8:09

will treat you better especially as an entrepreneur

8:11

or as a high net worth individual, right?

8:14

Well, how many Germans, how many

8:16

Norwegians, how many people from Brunei,

8:18

how many people from Sweden, how

8:21

many of them are moving to the US? So

8:23

they look at it and say, oh, these Americans, they think

8:26

they're number one. They're like, yeah, you guys have this, you

8:28

get that, you get this. It's really hard. I,

8:31

self-awareness is a big thing for me and

8:33

living overseas has enhanced that process

8:35

because you're forced to see the friction of

8:37

different cultures around you, it causes a self-awareness.

8:42

But it's very hard to judge ourselves and it's very hard

8:44

to judge where we're from because we have these dogmas, we

8:46

want to think we're the best. The

8:48

ego to think that you're born in

8:50

the place that's number one in everything,

8:53

let's go through the statistics. The United

8:55

States isn't even the most obese country

8:57

anymore. You lost that. And

8:59

now- To who? Wait, to who? Mexico?

9:02

Mexico is more obese and there's like Palau and

9:04

some of those little islands with 12,000 people,

9:07

but I believe Mexico is now more obese.

9:09

I love, nobody loves Mexico more than I

9:11

do, but it is, we've actually got the

9:13

president of Mexico coming to speak to some

9:15

of our clients in a couple months, but

9:18

the former president. But you

9:20

know, number one in prisoners per capita, that's about

9:22

it. We just did the Nomad passport index. It

9:24

was everywhere. And 44th, when

9:26

you go through the actual numbers, 44th

9:29

in terms of travel, in terms of taxation, in

9:31

terms of reputation, how were you perceived, all that

9:33

kind of stuff. Can you get residence permits? Can

9:36

you get 44th best passport? Hey, out of almost

9:38

200, out of almost 200, like, you know, people have

9:40

this thing, E-H-C-U-S, like whatever, whatever. I'm telling the facts.

9:42

You're being objective. Hey,

9:44

do you think the US is the

9:46

best country in the world? No,

9:55

I don't. Okay, well, so apparently, all

9:57

my people who believe it's the best country in the

9:59

world world already live there. How serendipitous is

10:01

that? And a couple guys in Pakistan or

10:04

something, they just want to get out. But,

10:07

you know, I just

10:09

think that we

10:11

have to just understand objectively where we

10:14

are. And my philosophy would be listen,

10:16

I have passports that aren't the best passports added

10:18

up, they give me a lot of freedom, I'm

10:20

not dependent on one country. But

10:23

I wouldn't bank in those countries, or I wouldn't

10:25

buy a house in those countries, we want to

10:27

be diversified because the best place to, you know,

10:30

be taxed on your crypto may

10:32

not be the best place to have a

10:34

citizenship. So you want to kind of pick

10:36

from the buffet. But it's humbling to see

10:38

that the country you're from is probably winning

10:40

in nothing good. That's

10:44

hilarious. But at least I don't have

10:46

an Afghanistan passport, which is towards the

10:48

bottom, which is the number one, which

10:50

is what's surprising to me, I would

10:52

think North Korean passport would probably be

10:54

the worst, since you can't actually leave

10:56

very often. Isn't that the highest prisoner

10:58

per capita, right there in North Korea,

11:00

right? Like everybody is a prisoner? Something

11:05

like that. Yeah. Listen, I, you know, you

11:07

could go through, I mean, people talk about,

11:09

you know, disinformation and Russia, or what have

11:11

you. You think people

11:13

in the United States are really much better educated, but

11:16

what's happening in the world, you think they really don't

11:18

just buy whatever's now, listen, what's happening with

11:20

tik tok, right? I mean, there are people are

11:22

saying, well, part of the narrative is that,

11:24

you know, the younger generations on tik tok,

11:26

and they're looking, hey, you know, this pro

11:28

Israel message, listen, I don't, I don't know,

11:31

but they're saying that may, that may be

11:33

what the US government's against tik tok is

11:35

they're letting that alternate message pro Gaza spread.

11:38

So I think you're seeing it somewhat change. And

11:41

that may be good, it would be bad, I don't know.

11:43

But this idea that there's just certain dogmas in every country,

11:45

and you just agree with it. But

11:48

somehow, you know, you're not like the

11:50

Russians, you're not like the Chinese, you're free. You

11:53

can be free, to some extent. But

11:56

I think the US is becoming much less free. Yeah,

11:59

according to your It's only a 30, right?

12:02

Instead of so it's kind of middle of

12:04

the road when it comes to freedom when

12:06

we should be a blatant 50. But over

12:08

time, that's gone away. And let me ask

12:10

this. Let me ask this because, you

12:12

know, a vast percentage of

12:14

our Congress and senators have

12:17

dual passports with Israel. And

12:20

it would seem to me that if

12:22

you're a congressman or a senator, you

12:25

want allegiance to only one country. And

12:27

it's so weird to see such I

12:29

don't know what is like 70% or

12:31

something crazy like that have dual passports

12:33

with Israel. What are your thoughts maybe

12:35

on dual passports overall? And

12:38

and maybe how that works in

12:40

America? Because I don't know how

12:42

dual passports work in America. I

12:45

haven't heard that. I don't know that that seems extraordinarily

12:47

high. But I would say, you

12:50

know, I'm a believer in dual citizenship. Now I've

12:52

never wanted to be a politician. I never wanted

12:54

to work in government. We have had a few

12:56

people who have security clearances they can't get or

12:58

they still have or they didn't have whatever they can't

13:00

get a second passport. I think that's

13:02

a big problem. Because what

13:05

if your country wants to tax you the US already

13:07

does worldwide, there's ways you can reduce it. But if

13:09

you're in crypto and you're an investor, it's a lot

13:11

harder. Right? That's where we

13:13

go. Yeah, Puerto Rico. Listen,

13:16

that's great. If you've had a family and

13:18

you've been you're already married, and that's already

13:20

set up. Good luck if you're

13:22

going overseas getting your Colombian your

13:24

Indonesian or your Belarusian Chica to

13:27

come and live in Puerto Rico, you're going

13:29

to be you're going to be on your

13:31

own. I would agree with

13:33

that because I could not get my Russian girl

13:35

to come to Puerto Rico because it's so it's

13:38

so easy to come to America illegally.

13:40

It's nearly impossible to come to America

13:43

legally. From Philippines, it was trying to

13:45

come over and no couldn't get past

13:47

the process to even their national America.

13:51

And listen, I'm sitting here in Dublin, Ireland right now

13:53

I spent some time here these days and people say

13:55

all that's Western and they're doing some of the same

13:57

stuff. But you know what, there's not nearly the bureaucracy,

13:59

somebody got a residents permit here in under

14:01

60 days. Meanwhile, there's people under certain categories

14:03

of legal immigration in the US where they're

14:06

going into the embassy right now. They made

14:08

that appointment in 1999. Wow. Sounds like a

14:12

system you might want to you want to

14:14

improve. Listen, if

14:16

you're in crypto, it's harder to to go

14:19

somewhere else in American. If you're not an American,

14:21

it's still easier. But you see Australia kind of

14:23

making moves saying if you don't live overseas as

14:26

an expat the way that we like maybe will

14:28

claim you as a taxpayer. It's getting dangerous. And

14:30

so if you can't hold more than one passport,

14:32

I think you're gonna be in trouble. I think

14:34

you're gonna see some of these big countries like

14:37

the US where the freedom is going in the

14:40

wrong direction. They're angry that they're losing all the

14:42

power they had because they're not going to try

14:44

and come after crypto. I know we're all smarter

14:46

than the government. They've got billions of dollars to

14:48

spend in all the guns. I don't

14:50

have to sleep at night being like, hey, I'm St. Lucian.

14:52

I'm this, I'm that they don't, they're not going to bother

14:54

me. But as the politicians, you

14:57

know, the politicians do a lot of things. The politicians

14:59

are trading, the politicians are doing a lot of stuff.

15:01

I mean, I remember, you know, my grandmother would

15:03

say back in the day, you'd be a congressman, you'd go

15:05

from your town, you'd go from your farm, you'd serve for

15:07

four or six years, you do your job and you go

15:10

home. It's not how it works anymore. And

15:12

they're career politicians. It's a

15:14

corrupt system. I don't

15:16

know what the answer is. I think it's actually

15:18

a much more corrupt country than you think, because

15:20

you just see people getting wealthy, they're trading stocks

15:22

the day before something happened. It seems terribly corrupt.

15:24

Listen, it's not my problem anymore. I'm not a

15:26

US citizen. I don't have to deal with it.

15:28

So I quite frankly don't care. I believe

15:31

in dual citizenship. I guess the politicians should

15:33

probably be held to a higher standard. But

15:35

you know, I also think if

15:38

you had someone like myself or some of our clients,

15:40

and they just got a second passport, but they still

15:42

we had a guy who actually ran for Senate. He

15:45

was very earnest in running to run for

15:47

Senate, but he wanted to have a backup

15:49

plan. I don't think maybe that kind of

15:52

guy should be stopped when he's going to

15:54

represent the interest of Antigua and Barboda. Yeah,

15:56

you know, people immigrate from other countries, you

15:58

can have as many citizenship you want is

16:00

an American, but you're always considered an American for

16:02

the tax. So it's not like you can open

16:04

a bank account in a different passport. An American

16:06

is an American is an American, no matter how

16:08

many passports you have, but you can stack them

16:11

up. Did you say that you

16:13

renounced yours then? You said you're not an American

16:15

citizen anymore. Did you just say, I'm done America

16:17

or what? Yeah. In

16:19

2017, I gave it up. What,

16:21

what is that? What's that process look like? And how did

16:23

they get you on the way out the door? What

16:26

was very unpleasant during the pandemic. And by the way,

16:28

my reason was, you know, I've always wanted to do

16:30

this. My father came home when I was 13. He

16:32

read the foreign earned income exclusion. If you have a

16:34

business, you get a job overseas. It was like $64,000.

16:38

I said, that's, that's, that's terrible that this country, what do you

16:40

don't even live here with tax? You said, well, you can make

16:42

64 grand. I said, I want to make more than 64 grand.

16:46

So I always kind of, and I remember saying, maybe

16:48

I'll give up my citizenship then. And I

16:50

had the idea throughout my life. And so finally,

16:52

I just thought the right series

16:54

of events happened where I said, this is going to

16:56

get worse and there may not be a time. There

16:59

may not be time to wait. And by the way, during

17:01

the pandemic, if you wanted to renounce back when crypto was

17:03

going through the roof for like a year

17:05

and a half, most embassies were

17:07

closed. We found one in Chad. We found one in

17:09

Armenia. There were like seven. I was just looking through

17:11

the notes and I, we have a backend system called

17:13

Minerva. We have all the notes about all the embassies.

17:16

They were like seven. And like you

17:18

had to find, it was tough. And

17:21

so they made it really hard to give it

17:23

up and imagine. So to answer your second question,

17:25

if you've got over $2 million in assets, or

17:28

if you've had a very high federal income

17:30

tax obligation, or if you're not in tax

17:32

compliance and they can prove that you're subject

17:34

to an exit tax, all your unrealized capital

17:36

gains get whacked at the normal rate. So

17:39

we see people that, you know, their company's worth $400 million and they

17:43

have a stake, but they don't have the

17:45

cash to get out. They can't renounce. They,

17:47

you know, it's going to double again. They literally

17:49

can't afford to renounce. So what

17:51

I was telling people is whether you're an American looking

17:53

to give up citizenship or whether you're from anywhere else

17:55

and you just want to leave the country and give

17:58

up your tax status. The time. to

18:00

do it was when Bitcoin was at 20 grand and

18:02

you would have saved the delta on that 20. Maybe

18:05

you would have had a capital loss for some people

18:07

but you know from 20 to 70 that

18:10

whole thing potentially would be taxable as additional

18:12

capital gains with you give up your US citizenship

18:15

in some calculation if you go to Puerto Rico or

18:17

if you're not an American and you

18:19

were to leave the tax farm. So if you

18:21

have under $2 million you're generally in good shape.

18:23

What was scary was they didn't even give you

18:25

the chance to renounce very easily for a couple

18:27

of years. You think they couldn't make that much

18:30

worse? That was the pandemic being used as an

18:32

excuse for you can't conduct

18:34

one of the most fundamental human rights

18:36

that even the United Nations has as

18:39

you should be able to do this and

18:41

they stood behind a chicken ass excuse of

18:44

there's a pandemic when the embassies conducted

18:46

other business but you can't renounce

18:48

your citizenship. It costs $2350 which whatever but there are

18:53

people who can't afford it. People in Canada

18:55

who have middle income jobs and they're just

18:58

being screwed because they have US citizenship. It

19:00

costs $2350. You go into two appointments. I

19:04

will say for all of that the people who

19:06

did mine were some of the most extraordinary professionals

19:08

I've seen in the government. Empathetic,

19:11

kind, helpful, nothing bad to save up

19:13

my own experience but a lot of

19:15

bad things to say about how the

19:18

government weaponizes this. If

19:20

you're under $2 million or

19:22

if you're at a break even point right now, that's

19:25

always the time or a capital loss. That's always the

19:27

time you want to get out of whatever country you're

19:29

in for tax purposes because otherwise they're going to hand

19:32

you a bill and say you lived

19:34

here when you earned this and since we can't

19:36

get it from you later, just pay us now.

19:38

You want to sell some of your crypto to

19:40

pay the bill or do you want to get

19:42

out earlier? I think the getting out earlier is

19:44

better. Wow. So where did

19:47

you end up getting citizenships? I

19:49

don't talk about them all but I have

19:52

about five citizenships. I might get an extra one or

19:54

two. I mean the ones I've talked about is primarily

19:57

St. Lucia which has a citizenship program.

20:00

They're the only one right now that's not

20:02

seemingly going to raise their price by double.

20:06

Actually, just so you know, I just

20:08

heard from my contact, I did St.

20:10

Kitts and the same people that helped

20:12

me do that said that St. Lucia

20:14

is getting ready to double and they

20:16

might have come around today. But

20:19

yeah, I mean, it's going

20:21

to be expensive. It's going to be

20:23

$200,000, which you know, you guys can afford it. I

20:26

can afford it. And that's fine. We were actually looking

20:28

at getting it for a couple of employees who could

20:30

have benefited from it. It's like $100,000. Okay,

20:32

$200,000. Yeah. So

20:35

I guess they buckled. That's very new. But

20:39

it's scary times. And I've been telling people for years,

20:41

this stuff is going to get more expensive. And people

20:44

say, well, Bitcoin will go up just a little bit

20:46

more. I say, guys, you have to take a couple

20:48

percentage points of your assets off the table. I don't

20:50

care if you're in crypto. I don't care if you're

20:52

in whatever. Anyone who has

20:54

wealth, right? Has to take a

20:57

couple percentage points off the table and have some insurance. People

21:00

have trusts. I think you have an offshore

21:02

trust filled with some offshore assets, not just

21:04

onshore assets and an offshore trust. That doesn't really work. You

21:07

should have a trust if you have enough

21:09

money. Maybe you have a holding company to hold some

21:11

of your assets. And maybe that protects you in certain

21:14

tax circumstances. You should have a residence permit. You should

21:16

have a passport. You should probably have another place to

21:18

go. Maybe you own a home. Maybe the home gets you

21:20

the residence permit or the passport. You know,

21:23

I get it. We all want to keep

21:26

every dollar working for us or every Bitcoin working

21:28

for us. But you got to

21:30

have, once you get to a certain level,

21:32

some insurance. That's the price of success. I

21:34

do it. You know how much money I

21:36

spend calling lawyers and asking the stupidest questions

21:38

ever that I'm 98 percent sure of? That's

21:40

the price of having a certain amount of

21:42

wealth that you can't afford to make mistakes.

21:45

And the same thing goes here. So it's going

21:47

to be more expensive. I've been telling people for

21:49

years you want to be prepared. And

21:52

what I feel comfortable is in my five passports. You

21:54

know, I didn't always have a reason to get them.

21:56

But I saw how each of them fit into the

21:58

portfolio. said, this may come

22:01

in handy one day. I haven't

22:03

predicted every single thing that's happened, but really

22:05

nothing terrible has happened. To

22:07

my passport portfolio, I have some that have gotten better, you

22:09

can go to new countries, I can pretty much go everywhere

22:12

in America and go minus five

22:14

or six countries plus one or two that

22:16

they can't. And I just

22:18

think you want to be prepared. And

22:20

you have to just keep in mind insurance.

22:23

You have to have an insurance policy, if you got 10

22:25

million bucks, you should get it.

22:27

Sorry, if it comes 200 grand, I'm sorry. You

22:32

should just do it. Yeah. So let

22:34

me ask this. So in your new safe havens

22:36

report, you were talking about the culture

22:38

and the economy of the West, you see it's

22:40

declining. We can all see that it's declining if

22:42

you take off the rose colored glasses. And

22:45

it does seem like Asia's on the

22:47

come up, right? A lot of stuff's popping

22:49

over there. You'd also mention that there's some

22:51

places in Eastern Europe that are thriving. So

22:54

what are maybe, and you mentioned Mexico, so

22:56

maybe what are some of the more promising

22:58

markets that you see today for business and

23:00

investments and maybe even living overseas? Well,

23:03

they're all different. I mean, let's just take Asia,

23:05

for example, have a home in Kuala Lumpur. It's

23:08

where we host our event, Nomad Capitalist Live. We're

23:10

doing a four day event this September, where we're

23:12

going to talk about a lot of the stuff

23:14

in detail for four days. September

23:17

25th through 28th. I might try to

23:19

get out there to

23:22

that matter of fact, because there's a couple

23:24

of crypto events that's popping. Korea, Singapore, Bali,

23:27

Philippines, and then that would be right after

23:29

all of that. So that might be a

23:31

great time. We have

23:34

a great party. It's nomadcapitalist.com/live. We've got

23:36

some of the people, you know, say

23:38

the data. Max

23:40

Kaiser was there before with the CEO

23:42

of AirAsia. We've got a lot of

23:44

people who are very like minded about

23:47

what we're doing. It's not all crypto, but

23:49

it's a lot about taxes and freedom and really, you

23:51

know, opportunities. We're talking about emerging markets. We're talking about

23:54

all this stuff you need to know that's how to

23:56

be a nomad capitalist. But I own a home there.

23:58

So I think it's a good investment? No.

24:01

For half a million dollars, I

24:03

get a penthouse that's about 3,500 square feet. I

24:08

love it. People treat me

24:10

very well there. It's extremely affordable to live.

24:12

I just sent a friend recommendation. You can

24:14

have lunch for three bucks or you can

24:16

have an amazing omakase sushi right outside my

24:18

door for 60 bucks at the

24:20

sushi counter. So I just love the

24:22

place, everything but the time zone.

24:24

Do I think it's a great place to

24:26

invest in property even though it's really cheap?

24:30

Eventually, sure. But the currency

24:32

is a little soft, just not

24:34

an investment. But it's a lifestyle place. If I

24:36

live there year round, I could still do it

24:38

in a very, very tax friendly way. And

24:41

if I don't live there year round, then I don't have to deal with it at

24:43

all. I get access to

24:45

a bank account just to diversify some cash

24:47

if I want that. But next door in

24:49

Singapore, that's where I'm going to have my

24:51

major investment accounts. It's just so much more

24:53

competitive. Any kind of liquidity I want to

24:55

hold, any kind of investments, they

24:57

have deeper dive investments into Asia. If you

25:00

like have an Indonesia fund, it's outperformed what

25:02

you would get on the US stock market

25:04

because it's more locally managed, they get it

25:06

more locally. Same with my India

25:09

fund has outperformed some

25:11

of the US ETFs. And

25:14

if I want to invest you in frontier

25:16

markets, I'm a big investor, well, medium sized

25:18

investor, I suppose in in Cambodia, a big

25:20

believer in Cambodia have been for many years.

25:24

And, you know, I think that's the growth market.

25:26

I think Nepal coming up could be interesting. I

25:28

think Bangladesh could be interesting. I think,

25:30

you know, we've given up on Mongolia, that's old

25:33

school many years ago. So that's

25:35

like an Asia, Mexico is a good place to

25:38

live. It's free, you can work towards citizenship, something

25:40

you can't really do in Asia. So if you

25:42

just live in Europe or Latin

25:44

America, you can work your way towards

25:46

citizenship for free. Obviously, the taxes are

25:48

consideration. So Latin America doesn't have as

25:50

many tax friendly countries, but it has

25:52

some Uruguay, for example, is way down

25:54

there. If you're worried about chaos in

25:56

the world, they're pretty tax friendly for

25:59

11 years. Eastern

26:01

Europe, I think they have the spirit of freedom.

26:03

I've been a big defender of Georgia. I have

26:05

Georgians who work for me. I have a soft

26:07

spot for the country. It just feels homey, very

26:10

tax friendly, 0 to 1% for most

26:13

foreigners. And

26:15

then even, you know, where I'm at here in Ireland,

26:17

I get it. It's more Western, but you know what?

26:20

If someone wants a soft landing, not

26:23

a NATO country, they don't

26:25

go around bossing everybody around. People are

26:27

pretty laid back. I've

26:29

seen that the government tries to help you. You

26:32

know, stuff gets processed efficiently. I had a weird thing.

26:34

Someone got a residence permit. They made a mistake and

26:36

they denied the guy they wrote back. You

26:38

got an apology and an approval within 36 hours. Wow.

26:41

They still have their issue

26:43

with their fellow countrymen to

26:45

the north though. That's really

26:47

interesting that that is

26:50

so embedded in their culture, the

26:52

conflict with Northern Ireland. You

26:54

wouldn't see that though. I

26:56

mean, if you're in Dublin, I don't

26:58

know. It's like something, it's not like you're

27:00

in the Ukrainian border or something. And

27:03

I don't, I'm never going to

27:05

try and claim I understand as well as people who've lived

27:07

there their entire life how that works. I

27:09

think it's a pretty safe and stable place. Is it

27:12

the best place? I don't know. Listen, I decided that

27:14

I'm enjoying spending some time here after, you know, a

27:17

well over a dozen years being entirely an

27:19

emerging market. It's like, you know what? It's

27:21

nice. You order from Amazon, something gets delivered,

27:23

you order a sweater, they bring it to

27:25

your door. People speak English. Everyone's pretty cheerful.

27:29

You know, that's a nice place to have

27:31

in a mix. And I might after all

27:33

the years of doing that and going a

27:35

little bit stir crazy at times, you know,

27:37

being in places where it was hard to

27:39

be understood sometimes, or they were a little

27:41

brusque. You know, I thought, hey,

27:43

throw that one in the mix. And so the

27:45

answer is, what do you want? We

27:47

have people who go to Italy and they spend

27:49

100,000 euros flat tax. Now you may think Italy

27:51

has crazy taxes and they do. But if

27:54

you haven't lived there before, you can pay 100,000 euros

27:56

flat tax and you can earn all the money you

27:58

want. Agree. because a similar

28:00

program, Switzerland is a similar program. Am

28:03

I a big fan of that? I don't know. But

28:05

guess what? If I could choose between

28:07

Irish and American citizenship from a tax

28:09

perspective, from a perception perspective, I'd

28:12

take Irish citizenship all day long. And if you live in

28:14

Ireland for five years, you can get it. And then you

28:16

have the chance to dump your American passport. You don't have

28:18

to pay the 200 grand for citizenship by investment if you

28:20

don't want to, as long as you don't need it along

28:22

the way. So there's so many different

28:24

ways to look at this, right? Do I wanna be a

28:26

nomad? Do I wanna live in Malaysia? Do I wanna live

28:28

in... Just somebody permutations

28:30

is my point. What

28:33

about in Ireland? You know,

28:35

I was reading about this recently. So actually

28:37

I saw a video of downtown Dublin and

28:39

it was like, there was lots of migrants

28:41

there that have come in. So it was

28:43

like, it's overflowing with migrants at this time.

28:45

Is that something that you're seeing firsthand? Maybe

28:51

I'm an elitist on this issue. You

28:55

know, I'm

28:57

pro-immigration, I'm pro-talented immigration, I'm

29:00

pro-immigration financial like golden visas,

29:03

people who start businesses, people

29:05

who bring capital, people who are extremely

29:07

smart. We had somebody from

29:09

our team in Georgia move

29:11

to Ireland who's extremely smart and it's a

29:13

good opportunity for them to get a better

29:15

passport eventually and serve the company better. I'm

29:18

very pro that. The idea of Ireland for

29:20

Irish or any country for their people. You

29:23

know, when you have some of the highest, I

29:25

think by some metrics, the highest wages in the world,

29:28

you're gonna need that. You can't have

29:30

everybody working at Meta making 200,000 euros a year and

29:34

no one wants to work at a pub, but they wanna go to

29:36

a pub. Well, how do you solve it? Well, you have to bring

29:38

in a lot of Brazilian girls, right?

29:40

And you're in a thing called the European Union, which

29:42

I'm not saying I'm the biggest fan of, but it's

29:44

benefited Ireland in terms of being able to be the

29:46

headquarters for all these European companies and they couldn't be

29:49

if they weren't in it. So I get that maybe

29:51

they don't agree with all the regulations, but they're kind

29:53

of stuck and it's brought them tremendous prosperity. I mean,

29:55

look at this place in the 80s. It was a

29:57

mess. 40 years on, they

29:59

did. something that worked, it wasn't perfect in

30:01

all the regards that we'd like from a

30:03

liberty perspective. Are there migrants?

30:06

You know, I'm on the south side. So if you

30:08

look at Dublin, every city is divided by a river

30:10

pretty much. You know, the south side is where it's

30:13

at. There's a different attitude. I guess

30:15

on the north side, you have that. You have some

30:17

hooligans and you did see one outburst of that last

30:19

year. You have some hooliganism for sure. People look at

30:21

just to cause chaos. I

30:23

guess that happens anywhere. And

30:26

yeah, there are some migrants. I think the country has kind of

30:29

turned against like Ukraine, for example, because they were giving them way

30:31

too much money at a time when there's a housing crisis in

30:33

the country. You don't even want to know what I paid. You

30:37

know, so I get that like, let's

30:39

take care of our citizens first, when there's a housing

30:41

crisis, I get there's maybe some decisions that people would

30:43

have liked to be made better. I get

30:45

there's some people that probably don't belong. But

30:47

you know, I think it's listen, I

30:50

spent a lot of time living in poor countries, or

30:52

up and coming countries, and people criticize

30:55

that. And I would say listen,

30:57

Kuala Lumpur, yeah, there's parts that are that nice, but

30:59

it's better than a lot of US cities. And the

31:01

part where I live is spectacular.

31:03

We all live in our own neighborhood,

31:05

right? I live in a beautiful neighborhood,

31:08

on par with anywhere. So

31:10

now, you know, I mentioned a country that's wealthier,

31:12

again, some of the highest salaries in the world,

31:15

let's go attract a certain amount of that.

31:17

You know, I think that things

31:19

are improving in terms of, you know, how the government's

31:21

taking care of it, you know, from the citizens perspective.

31:25

But that's a choice you have to make. I mean, I

31:27

don't think anywhere is perfect. But I thought, you know, for

31:29

me, live my own little cocoon in

31:32

a nice area to talk to people who

31:34

speak English with very wealthy people who speak

31:36

English, which they don't Malaysia, right?

31:40

That's a good thing to have in the portfolio.

31:42

And I think if you diversify that to where

31:44

you have options, you're not always in one place,

31:46

that's the lifestyle I like, and you can kind

31:48

of lever up and lever down in each place

31:50

based on what's happening. Do

31:52

you have a family now? Or are you a single guy? Just

31:55

no matter? No, I well, I'm

31:58

not saying but you know, I know no case. I

32:00

just met a guy in Bogota, was

32:03

there for a couple weeks and he has five kids now.

32:05

He's gonna be speaking to the event about exactly how he

32:07

does this and how we homeschool them all with his wife

32:10

and how they make friends. They don't

32:12

even have like homes. I bought homes in like

32:14

seven cities just because I like it. I've done

32:16

business there. I want to be prepared. They

32:20

stay in hotels sometimes and they're doing it as a

32:22

family of seven. So I don't know that that's an

32:24

excuse. Now you might not like his exact lifestyle but

32:27

again, if I'm taking some money at the table of

32:29

an insurance policy, I think the first thing I might

32:31

do is find where can I buy properties around the

32:33

world that gives me residents or citizenship. I'm

32:35

gonna spend my time in this place. As long as one

32:37

is tax friendly in case I have to be there all

32:39

year, in case one is more freedom, in case some crazy

32:42

event happens, I need a place to go. I

32:44

think it's not a bad place to deploy some capital. That

32:47

is real nomading right there what that dude

32:50

is dealing with his family. That

32:52

is crazy. That is crazy. Let me ask you

32:54

this. I'm not a

32:57

big fan of ancestry.com or 23andMe

32:59

just because they're, I think,

33:01

who owns that data. My

33:05

girlfriend's Russian so I actually used

33:08

a Russian version of that and

33:10

typed in my name as Vladimir

33:12

Pupin. It

33:16

turns out that I am mostly

33:18

Viking and the Viking went

33:20

through Ireland and Scotland. I got

33:22

some dramatic in Belgium

33:24

and a little bit of French and

33:26

a little bit of Italian and a

33:28

little bit of Spanish. Now, is there

33:31

any sort of genetic things that say

33:33

because I got a nice percentage of

33:35

Irish in me. Then

33:38

without being able to go through the

33:40

lineage and saying, oh well your great-great-granddad

33:42

for whatever I want, that was a

33:44

potato famine. I can't

33:47

track it all the way back

33:49

because my biological father was bad

33:51

dude and so I'm not able to go

33:53

back that lineage and check all that stuff

33:55

out but through DNA it could. Is

33:58

There a way that you know of that? You. Can

34:00

say hey, I'm Iris. Is. There

34:03

some iris love I can get for a passport

34:05

make. Yeah. So

34:07

citizenship by the Senate the one alec heart

34:09

service we actually offer repulsive make plans. But

34:12

for people who just had Vegas want to

34:14

get that passport, we do it. I tried

34:16

for know close to a decade to get

34:18

my Lithuanian citizenship because I've ancestry from different

34:20

places, but none of them are close enough.

34:23

They generally are within in a. Summer.

34:25

Does one summer your parents from their

34:27

summer to like in Ireland or your

34:29

grandparents from there unless there's a very

34:31

rare exception when you can be three

34:34

I'm a some like Italian are as

34:36

long as Italy exist in it's current

34:38

form. That was my problem and Lithuania

34:40

hate the left two years before it

34:42

was Lithuania and they're very particular about

34:44

that arm and that would be cool

34:46

identity and then he like the Uk

34:48

and that what You know that that

34:50

like basically one or sometimes too so

34:52

every country said so many generations back

34:55

you can. Go! Ah I believe those

34:57

Slovakia that that open it up back

34:59

to my boy generations recently. Sometimes you

35:01

have to have an unbroken chain now

35:04

so it's like let's say you're Italian,

35:06

great grandfather moves. And. Then

35:08

naturalized before your grandfather a grandmother was

35:10

born back at a time when dual

35:12

citizenship wasn't really a thing. I'm done

35:14

that been up there wouldn't have passed

35:17

out of the next person. therefore the

35:19

chain has been broken so sometimes he

35:21

to look at that. But. He

35:23

I'm is a dna test I guess can tell

35:25

you where to look on but you've done it

35:27

really. The family tree in the documents realize what's

35:30

gonna work not showing a blood sample. Your

35:32

gotta gets a documents and nine so on travesty

35:34

fantasy. Walking into the country's a line me up

35:37

at a pub with a pint mate. I'm going

35:39

to bring my viking sort of and I'll have

35:41

a talk with him. so

35:44

let's get the crystal ball out here andrew

35:46

and i know that like you know nobody

35:48

knows for sure what's going happen but you

35:50

look at trends you see what's happening and

35:52

the america that we are part of now

35:55

is definitely in a we all paying for

35:57

the good old days right it's like when

35:59

when men men and women were women and

36:02

when migrants didn't just, illegals didn't

36:04

just flow across the border by

36:07

the millions. Where

36:09

do you see the United States going?

36:12

Is there a chance to turn this around or are

36:14

we going to become, you know,

36:16

are we going to continue to go down in the rankings?

36:20

What's interesting is what you mentioned is

36:24

you get a lot of the countries and people say, oh,

36:26

there'll be nowhere to go. It's all the same. That's to

36:28

me a coping tactic. Either people went to the UK and

36:30

vacation and saw the same thing that they do in the

36:32

US. Yeah, they're pretty similar or

36:35

they just sit at home and they cope because

36:37

they know they will never do this. They're afraid

36:39

to do it and therefore there's

36:41

nowhere better. You go to Serbia,

36:43

you go to Montenegro, you see if men aren't

36:45

men and you know what? I learned a lot

36:47

about that because I grew up in the US and

36:50

I like to dress much the way I

36:52

like to dress. Now I'd wear a scarf. People would

36:54

make fun. I'd go to the street and shout slurs

36:56

at me for wearing a scarf and

36:59

you realize, oh, the German girls, they

37:01

would come up to you. I love the scarf

37:04

and that's like the opening. They

37:07

hit up on you. I'm like, I'm going

37:09

to meet myself a nice German lady. Yeah.

37:12

Yeah. So I mean, like you

37:14

go to like the Balkans, for example, or

37:16

Georgia. I mean, people are still, you know,

37:18

men are still men and what you learn

37:20

is men are not afraid

37:23

to do whatever they want. I got on

37:25

a taxi once in Montenegro, the biggest, most

37:28

strapping guy, totally in control. He's married to

37:30

this beautiful like supermodel wife because

37:32

they're all very beautiful there. The guy's

37:34

huge. The guys want a pink polo

37:36

shirt that barely fits and he's listening

37:39

to like whatever the Montenegrin Salida is

37:41

and nobody ever questions like that. He's

37:43

masculine at all because he, you know,

37:45

and this whole thing of what's masculine, like even

37:48

when I was growing up in the US, like,

37:50

you know, if you wear a pink shirt, it's

37:52

like, what do you like to

37:54

me? It's like, how about I have a mask because I do

37:56

whatever the hell I want and I'm

37:58

not worried about it. I'm not self-conscious. about it.

38:02

So there's a lot of places that you can

38:04

go to solve that, you know, I

38:07

get the US is more instrumental

38:09

in the world than many other places, but I

38:11

push back in this thing if the US collapses

38:13

is totally over. It's like, no, it just means

38:15

that things change as they have throughout the entirety

38:18

of human history. And for me,

38:20

I don't like to spend a lot of time

38:22

prognosticking about how bad it's going to be because

38:24

what I think or what I want is irrelevant.

38:27

It's going to be and I think people don't

38:29

like that. Like you're giving up. I'm

38:31

not going to put my finger in the dam.

38:33

That's not going to solve the problem. I mean,

38:35

the world reserve currency share is down from 71

38:38

to 55 since the turn of the century.

38:41

That's not a collapse overnight. But

38:43

as my father says, change happens at

38:45

the margins. You cut in a few

38:47

points of homeownership during a great recession.

38:50

Things collapse, you know, you raise unemployment by

38:52

5%, 10%. You got a real problem.

38:55

During the Great Depression, 100% of people were

38:58

unemployed. It's like 25%.

39:01

So you have these marginal changes, which over time

39:03

cause a problem. Here's what I think is the

39:05

biggest issue that actually impacts people today because I

39:08

get it. If the US has problems, that'll ripple.

39:10

But a lot of that stuff will move around

39:12

the world. Other countries become more significant. It's already

39:14

happening. It's already changing the countries that are growing

39:16

the fastest. You don't even think about and

39:19

you kind of poo-poo on them. It's like, no,

39:21

that's where the money's going. But,

39:24

you know, I, the biggest thing for

39:26

me is what is a government that is so used

39:28

to being in power since the fall of the Soviet

39:30

Union? I guess now, you know, China is more of

39:33

a threat, but since the fall of the Soviet Union

39:35

until not that long ago, they were kind

39:37

of the only ones. What

39:39

do you think they do when their

39:41

share of the world economy, when their

39:43

share of their ability to go and

39:45

boss people around? What do they do?

39:47

So they just say, you know, nothing

39:50

lasts forever. Let's ride peacefully into the

39:52

night. Of course not. It's

39:54

going to be nasty. They're going to come after

39:56

you for money. They're going to come try and

39:58

take your stuff. They're going to. all kinds

40:00

of regulations, they're going to shut you out

40:03

of deals. This whole TikTok thing I saw

40:05

this years ago when Trump tried it, it

40:07

bothers me. If I'm an American business person,

40:09

which thank goodness I no longer am, which

40:11

countries are going to stop me from doing

40:13

business there? I just hired six people in

40:16

business development to open up a new business

40:18

offline, not through our YouTube, not through our

40:20

online presence, offline in

40:22

six different parts of the world. What

40:25

if because, oh, your company has an

40:27

American UBO, ultimate beneficial owner,

40:29

you're not allowed to come and do business here, we

40:31

don't want your business. And what does that mean if

40:33

I lose a man? Oh, you should be patriotic. Listen,

40:37

you know, my parents did something for

40:39

me, some teachers did something for

40:41

me, people like grew up around,

40:44

like individuals did something. What did

40:46

the United States as a country

40:48

do for me? Oh,

40:50

there's no wars, well, you're fighting all of

40:52

them. Sure, there's no wars on your soil.

40:55

Same for dozens and dozens and hundreds

40:57

of places around the world. Like,

41:00

it's not unique. I'm

41:03

glad I was born in a place where I could

41:05

be successful, I didn't have to worry about fending for

41:07

food, or I didn't have to worry about, you know,

41:09

Patrick Bette Davids and a refugee camp. By the way,

41:12

the guy still became successful. So

41:14

I just think

41:16

the biggest threat is fighting what

41:19

they're going to try and do to people when

41:21

they no longer get power. And all you have to do is

41:23

first what they're doing to everybody else, sanctions

41:25

are up fourfold since the

41:27

turn of the century almost. Are there

41:30

four times more nasty people than there were? I would

41:32

say there's fewer bad actors in the world than there

41:34

were at the turn of the century. That's

41:36

the mark of an empire that's in

41:38

decline, that wants to hold on to its

41:40

power by sanctioning everybody else. And look

41:43

what happened with the Russian sanctions. They

41:45

wanted secondary sanctions where, oh, Kyrgyzstan, you're going

41:47

to do the trading for them. India,

41:50

you're buying this stuff. You're all bad. You're

41:52

all sanctioned. They really would hit

41:54

them in the end. It couldn't do it. They

41:57

probably could have done it some number of years ago. They

41:59

don't have the... power anymore. That just powered

42:01

up the whole BRICS economy then, right? They're

42:03

like, okay, well, guess what? Oh, we don't

42:05

need Swift. We're going to go ahead and

42:07

use union pay with China and we're going

42:09

to go do an end around. So

42:12

it was actually a very dumb, dumb scenario. But

42:14

maybe let's end this on a personal note, right?

42:16

So you've been all around. You've been to some

42:18

really cool places. So maybe what

42:20

are some of your maybe favorite discoveries

42:22

or experiences or places that you've been

42:24

during this journey as a global citizen?

42:26

Mike, how has this changed your perspective

42:28

on things? Well,

42:31

there's places where things are different. There's places where

42:33

things are inefficient. One of them is Puerto Rico,

42:35

which we're talking about. I mean, some of those

42:37

Caribbean countries probably have very efficient. I learned a

42:39

lot about what's important to me. Efficiency is important.

42:41

One of the things I've been focused on more

42:43

recent years is kindness is important. So

42:46

Malaysia or where I just was in

42:48

Colombia, extremely kind people. Ireland,

42:51

maybe more polite people, but still compared to most of

42:53

continental Europe, I mean, I was in Munich about a

42:55

year ago. People just walking on the street, running into

42:57

you. I was in such a wealthy place. So many

42:59

people, I've never had somebody who will run into

43:02

me and nobody says anything. So

43:05

kindness or at least politeness should be

43:07

optimized for or in

43:10

Georgia, I talked about, you know, hospitality.

43:12

That's a form of kindness. Maybe not

43:14

great service, but hospitality. So

43:17

that's important. By the way. Yeah.

43:20

And the people in the Philippines. I mean,

43:22

Southeast Asia in general, I think is pretty.

43:24

Malaysia, Philippines, those kind of so polite. Like,

43:26

oh my God, like, hello, sir. Hello, man.

43:29

Like, this is like, whoa, that's that

43:31

celebration instead of having lived in Puerto

43:33

Rico where they tolerate the green goes

43:35

versus being in the Philippines where they

43:37

celebrate the green goes. You're right. This

43:40

is right on that with that kindness. Well,

43:43

I think that they're just nice people. You know, you go

43:45

to Malaysia. Malaysia is, quote unquote,

43:48

a Muslim country. So

43:50

is Turkey. I have a house in Istanbul.

43:52

You walk around my neighborhood. You see gay

43:54

people everywhere and people are kissing and it's

43:56

all good. Somebody cares. I mean,

43:58

there's an Alabama of every place. And I don't

44:00

live in that. That's quotable right there. I don't

44:02

live in that. So in Malaysia, here's a discussion

44:04

everybody had. We

44:09

had someone come to our event last year who

44:11

is, I guess, lesbian. And they're like, I'm afraid.

44:14

What's going to happen to me? And they, I said, it'll be fine.

44:16

Just come to me then. And they came. They

44:18

were talking to people. They said, you know, the

44:21

Malays, the Muslims in Malaysia, we practice our religion.

44:24

We do what we think our God wants to

44:26

do. And you have your own God and you do what

44:28

you're supposed to do. And we don't judge you and we

44:30

don't bother you. That includes if you're Malaysian Chinese, you

44:33

see these girls walking with them all with the shorts

44:35

that are like two inches long. If

44:37

you're Malaysian Indian, you're not our problem.

44:39

We don't, and certainly a foreigner, you do what you

44:42

want. You dress how you want. You act how you

44:44

want. If you go to our religious sites or our

44:46

government buildings, maybe put on some pants. But

44:48

when you're just going around, you know, we're not here to tell you

44:50

what to do. And

44:53

to me, that infuses, that culture

44:55

gets infused. I didn't

44:57

go to Malaysia many years ago because it's tax

44:59

friendly. I didn't even know. I

45:02

didn't even know it was immigration friendly, but it is.

45:04

And I think that culture comes into use as a

45:06

state. Look at the culture that's in the US.

45:08

People are in each other's throats. You

45:10

have to report everything. There's endless forms. We're

45:14

moving some of our stuff out of the US. I know they had

45:17

this crypto thing, which was at one point paused,

45:20

this reporting thing. There's so much nonsense from

45:22

a country that wants to maintain its power.

45:24

And so I think optimizing for those things

45:27

is very important. You know,

45:29

I probably spent a little bit too much time in Eastern Europe. I

45:31

just think it's a place for freedom. We had

45:33

one of our team members go there from Ireland and he said,

45:36

this is a good place I'd like to go to hunt and be left

45:38

alone. If I wanted to make friends with

45:40

a lot of people, I wouldn't come here. If

45:42

I wanted to be free, do my hunting, be

45:44

left alone, pay low taxes, I would love to

45:46

come to Eastern Europe. So you

45:49

know, there's a place for everybody. I

45:51

like to have multiple bases so I can go to

45:53

Columbia for a couple of weeks a year and get

45:55

that vibe that I love. And I've got friends there,

45:58

not my main vibe. by,

46:00

I suppose, was always Malaysia. We'll see

46:02

if it becomes increasingly here where I'm

46:04

at now. But

46:06

I think again, what you want to do is have different

46:08

options. You can lever them up and down as a pandemic

46:11

and Asia's a problem. You lever that one down until it's

46:13

over. And I did that. So

46:16

I just think it's constantly changing. And

46:18

I think what you really want to go is find

46:20

places where you feel it. When I got in the

46:22

taxi in Bangkok for my first month there, this is

46:24

many years ago, I instantly didn't

46:26

feel it. And I've never felt it. And I went

46:29

back for a friend's wedding two years ago and I

46:31

said, I don't hate it, but I still don't feel

46:33

it. You have to feel it. I'm in

46:35

Kuala Lumpur because I got out, I feel it. I

46:37

like it. It's a bit more. Bangkok is a different

46:39

beast though. I mean, you get into some of those

46:41

islands in Thailand like Kosa Muir. I

46:44

felt it there. I did not feel it

46:46

in Bangkok. The traffic was horrible. I didn't

46:48

like Bangkok at all. I love some of

46:50

the islands there. So yeah, I don't think

46:53

that special massage you went to see in

46:55

Thailand was feeling. I actually got zero because

46:57

I was with my girl when I was

47:00

there, but thank you for that. So,

47:02

you know, Bitcoin of course is

47:04

just the ethos of Bitcoin is

47:06

all about freedom and liberty

47:08

and self-sovereign and all that. So I

47:10

know that plays a role in what

47:12

you teach, but you know, how bullish

47:15

are you for the long term that

47:17

no matter what the US does that

47:20

Bitcoin is here to stay as

47:22

an asset class and that crypto

47:24

and blockchain are just going to

47:26

move forward? Well, I think it does

47:28

move forward. I mean, my concern is, and again,

47:30

I'll mention what my father told me. We were

47:32

on the internet in 1994. We had prodigy internet

47:35

and we were talking to people because he was

47:37

looking at potentially leaving the US back then. He

47:39

didn't because of the family. So if you're single

47:41

or if you're married without kids, maybe you set

47:43

this up before you have the kids and you

47:45

build this into your lifestyle. But anyway,

47:47

we were talking how libertarian it was back

47:49

then in the internet. He said, this is

47:51

like an elastic forever because once you have mass

47:54

adoption, the public is not libertarian. I think that

47:56

those who are more freedom oriented, we like

47:58

to delude ourselves into like, No, 70% of

48:01

Canadians don't want like higher taxes. Yes, they

48:03

do. You just don't

48:05

know them. Like the average person wants something

48:07

that you don't. If you're in favor of

48:09

freedom, the average person follows, the average person

48:12

is afraid, the average person believes whatever they

48:14

hear. They don't trust business. Somehow

48:16

they think that Justin Trudeau or Biden or

48:18

even Trump is out to help them. And

48:21

your average person is not going to agree with you. So

48:23

you have to go to a place where you have it.

48:26

I think that Bitcoin and crypto continues to

48:28

do well. Listen, I

48:31

take, and I know he's not a fan of

48:33

Bitcoin, I take a Warren Buffett style

48:35

approach, but I'm buying something. It's what will this

48:37

be in 50 years? I

48:40

have a fund of the Don't Be

48:42

Poor fund that has a number of different

48:44

liquidity things, including some crypto. But

48:46

I look at crypto as it's a bit more of a risk

48:48

on assets, but I look at it as 50 years from now,

48:50

where is this going to be? I

48:53

think it's a very bright future for it, unless I wouldn't own it.

48:56

I don't know what it will be tomorrow or next

48:58

week or next month. I hope it stays strong

49:01

for April 15th because we're launching tickets to Nomad

49:03

Capitalist Live and we're going to be taking your

49:05

crypto and I want to sell

49:07

it out. But my

49:10

only concern is if I'm

49:12

in a country that is challenged by

49:15

that, I don't care if there's one senator

49:17

from Wyoming who's in favor. That's nice. Clap,

49:19

clap, clap. You know, that

49:21

person is not in the mainstream. You

49:23

know, Ted Cruz is not in the mainstream. I don't think

49:25

they're going to save it. Ron

49:28

DeSantis is not going to save it. I think you want

49:30

to be in a place that's very agnostic. It doesn't have

49:32

a culture of wanting to take power and dominate people's lives.

49:34

You know, St. Lucia kind of being the opposite of the

49:36

US. I don't think they want to do anything

49:39

to anybody. But my

49:41

concern also is just what happens is you get more

49:43

people in there and they're going to call for more

49:45

regulation. I got into this

49:47

in 2014 in January and

49:49

it was like what

49:52

KYC, right? The

49:54

more people that get into it, they want KYC because

49:56

they're like, what? I remember, you know, I remember these

49:59

words. I can't just go to the bank

50:01

and ask them to reset my password. I think

50:03

people, you know, the average person doesn't want

50:06

that. Mm-hmm. The slave

50:08

mentality, you know, it

50:10

took me until my 50s to finally

50:12

go to fully be

50:14

awake to the fact that we have no

50:16

choice and our parents

50:18

or where we're born or,

50:21

you know, the government that

50:23

is surrounding us and

50:25

yet everybody's telling us what to do

50:27

and how to live and that's insane.

50:29

Like our rights are given to us

50:31

by God to be who we

50:36

want to be and live how we want

50:38

to live. Yet all of this stuff is super imposed on

50:40

us. So it sounds to me like what you've done is

50:42

go, you know what, to the degree

50:44

that I can push back against that, that's

50:46

what I'm going to do. I,

50:50

my first business was in the

50:52

radio business. I had a broadcast and kind of

50:54

an ad agency, let's call it, and

50:58

we had a lot of AM radio stations.

51:00

We made, you know, healthy margins because

51:03

we worked with stations that were on the verge of

51:05

going bankrupt or that really needed money. AM radio station,

51:07

what are they? They're mostly talk radio stations and

51:10

I would get invited, hey, come to our event with

51:12

Bill O'Reilly or Laura Ingraham or whatever and

51:14

I just realized that for years of hanging

51:16

out there, how many people were like retired

51:18

and they were angrier than

51:21

ever because the system wasn't going their

51:23

way. There was the same, you know, 20

51:25

years ago, same thing, illegal immigration, this, that,

51:27

I think illegal immigration may be sounds like

51:29

it's worse now. I don't watch the news

51:31

there but it sounds like maybe it's worse

51:34

or the economics for the average person have gotten

51:36

bad enough that more people care

51:38

about it where now

51:40

it's impacting them, now their jobs being impacted, you

51:43

know, impacted. They haven't made any more money than

51:45

2004. They're not keeping up

51:47

with inflation. So maybe now it's just more,

51:49

more actitating as there's an equilibrium in the

51:51

world with the people I hire in Georgia,

51:53

the country versus there and, you know, their

51:56

wages aren't keeping up But I

51:58

Just, I.

52:00

Just I just see it going in the. Ah,

52:03

in in the wrong direction Or and

52:05

I just. You know,

52:08

I don't want to be angry. Ah, I've

52:10

been angrier points in my life and there's

52:12

frustrations oblivion her places which I tried to

52:14

optimize over the years. We help our clients

52:16

figure that out, but you in a lot

52:18

of deep dive kind of analytics on the

52:20

person, not just the strategic goals. I

52:24

just think when you committed to this has to work.

52:26

And. I'm going to save it. May be as

52:28

the a living. I just keep going back to

52:30

St. Lucia. Hundred and seventy six thousand people. something

52:32

like that. Your. Boys counts from

52:34

or. How

52:36

many votes you can be cast for present this

52:39

year? Hundred and fifty Hundred and Sixty million. I'm

52:41

sorry to tell ya. I know that like we

52:43

Libertarian types, we don't like to hear this. We

52:45

aren't for newer types. don't like to hear this.

52:48

Your know budding and you don't matter. You

52:51

don't matter. And most

52:53

people don't think like you. And when I

52:55

watched when I was sitting in Turkey, I

52:57

woke up early to watch Barack Obama get

52:59

reelected. Hey Obama second term. is it? A

53:01

few things that I feel like it's kind

53:04

of a internationally minded guy and with Cuba

53:06

would have you. but I'm. I

53:08

said myself. I

53:10

don't want to vote. Only. For my

53:12

own self interest. but I'm gonna get stomped on

53:15

rest of my life because the tide has turned

53:17

against people like me. And. That. I

53:20

had registered the domain name Noom and

53:22

Capitalist and I'm like I'm starting immediately.

53:25

And. Job: This is gonna be something as

53:27

big. As people

53:29

didn't realize that them but they're realising

53:31

it now. I just you're not going

53:33

to change People can change society. Just

53:35

go in society already Greece and be

53:38

happy. Except for the fact that the

53:40

I've learned from the talk radio business

53:42

that some of these people. The.

53:44

Worst thing that ever happened. It happened to them when

53:46

they would have to be happy. To

53:49

be an ethical circle right? their tribe because

53:52

he does answered how we started know make

53:54

hapless which was the first question we got

53:56

their of beautiful guess. Andra

53:59

was a fact. you, you know, I tell

54:01

you what, you're doing some great stuff for folks

54:03

out there. And so where would

54:05

you where would you like people to get

54:07

started? You have nomadcapitalist.com? Where else can you

54:09

connect with you online? Well,

54:12

the big thing right now is we're launching the

54:14

Nomad Capitalist live event, the fourth one we've done

54:16

in a row, we've done seven total at the

54:18

big show. It's not like a trade show. There's

54:20

no sponsors. It's just people that

54:22

I think you should hear about from all

54:24

aspects, including entrepreneurs. I mean, Tony Fernandez at

54:27

AirAsia took 26 cents and turn

54:29

it into billions. The

54:31

government screwed it up. He took over the airline,

54:33

they did something amazing. So

54:35

you're gonna hear about that. You're gonna hear

54:37

about all the stuff we talked about nomadcapitalist.com/live.

54:39

I wrote a book called Nomad Capitalist if

54:41

you just want to kind of get everything

54:43

aggregated into one kind of story of what's

54:46

possible. And then we

54:48

have a website with articles, we have

54:50

a YouTube channel with 2600 videos with

54:53

an R&D channel with about 200 videos hosted

54:56

by my colleagues. We put

54:58

a lot of information out there, you can just consume

55:00

it. And we work with people with a million dollars

55:02

and more who want to be

55:04

a client and kind of figure out a holistic plan,

55:06

not just a passport, but they want

55:09

someone to tell them all their options, not just

55:11

the three options that some guy has to sell.

55:14

And we do that. So you know, it's

55:16

the event, it's the book, the

55:18

free materials. And when you're ready, it

55:21

is the client services. Let's

55:24

take the red pill

55:26

folks. When you're ready, you will

55:28

know. Andrew, thanks again nomadcapitalist.com. We

55:30

appreciate you good, sir. My

55:33

pleasure. It's

55:36

really amazing to me, Travis, how

55:38

people empower like to lord it

55:40

over others, some to the extreme,

55:42

like Kim Jong, you know, ill

55:44

and Eric, he's a Kim

55:46

Jong Un is the son, right? Ill was the

55:48

father. He was ill

55:50

and other both ill. His his

55:53

son is on and I was watching a

55:55

documentary on on North

55:57

Korea on on YouTube and

56:00

It's just crazy there the amount

56:02

of propaganda that they pipe in they

56:04

make it look like Everybody

56:06

in the West is starving

56:09

like in that they have it so

56:11

well because their fearless leader takes care

56:13

of them over there so We

56:16

are the opposite of starving North Korea if

56:18

any of you guys are tuning in most of us

56:20

are very fat actually I Saw

56:23

a funny meme It

56:26

was the the statue of David it

56:28

is that it was a fat statue

56:30

of David. He was all obese now This

56:33

is three years after living in America and

56:35

then going back to Italy. So I was

56:37

like, oh my god I finally have the

56:39

physique of the statue of David. Yeah, we

56:41

have a real problem here And it's like

56:44

they can't put you know two and two

56:46

together It's

56:49

just the amount of stupidity sheer stupidity

56:51

in our world today is staggering to

56:53

me, you know Pity

56:55

or if it's actually, you know Malevolence because it's

56:57

like it's not we're not in that we don't

57:00

have a health care system We have a sick

57:02

care, right? Right and it's like and and they

57:04

start you off. Hey, here's a bunch of chemicals

57:06

into you I don't care if you like vaccines

57:09

or not I think some of them are probably

57:11

pretty good when you get go, but when you

57:13

right when you get born It's like hey, we're

57:15

chopping off a part of your dick and

57:18

here's a whole bunch of chemicals for

57:20

you And over the next six months

57:22

you lots of chemicals boom and then

57:24

here eat this shitty processed food your

57:26

whole life Until you get sick then

57:28

we can start feeding you these pharmaceutical

57:30

medicines until you slowly die Because

57:33

they rarely ever do they heal you because

57:35

if they heal you then that's a lost

57:38

customer, right? So it's like just a slow

57:40

drip to death really Well,

57:42

this is just one of many reasons that

57:44

you need to be thinking about where it

57:46

is You want to live and how you

57:48

want to live your life and we're grateful

57:50

to Andrew for no make

57:53

capitalist? You know, I actually discovered

57:55

him after I discovered Simon black

57:57

at sovereign man calm which

58:00

Simon was a pen name, his name

58:02

is James, something or other. He sold

58:04

out to Peter Schiff. Peter Schiff now

58:07

owns Sovereign Man, now it's Schiff's sovereign.

58:10

And of course, yeah. So he's like, I want to

58:12

be so sovereign, I don't even want y'all to know

58:14

anything about me, I'm out, bitches. Yeah. So

58:17

now, but we know who he is, his real name

58:19

is out there now. And I tried to get him

58:21

on the show and couldn't hear from them. And then

58:23

I discovered Andrew. And I'm like,

58:25

you were sending me all kinds of great Sovereign

58:27

Man, P.D.E.A. and you're like, dude, look at this.

58:29

And that was part of the reasoning behind moving

58:31

to Puerto Rico when the time came, because you

58:33

were starting to do some of that research. And

58:36

then we started to meet some other people in

58:38

Puerto Rico and it was like, look at you

58:40

now, Mr. Rico. It all made

58:42

sense. It all made a lot of sense. So

58:44

you guys figured out for yourself where

58:46

being treated best, what that means

58:49

for you. Check out

58:51

nomadcapitalist.com. And

58:53

meanwhile, the crypto markets go up, crypto markets go down,

58:55

we saw a big... I was just saying this, that's

58:57

true. It's at a

59:00

$2.7 trillion market cap right now. Bitcoin

59:02

is at $68.7, Ethereum about $3,500. So

59:06

that's where we are. Time stamp here on

59:09

four, nine day after the big eclipse.

59:11

Dude, you know, it's really crazy, like BNB,

59:14

even with CZ gone down, $576. Solana

59:18

even with FTX and SBF gone down,

59:20

$175. Like

59:23

it's crazy. And now I was watching this

59:25

one dude named Wisdom Bites. He's got, he's

59:27

like a British dude and he's got a

59:29

nice little... He's like, so

59:31

if you like charting, check him out on

59:33

YouTube. But he was talking about like, boom,

59:35

with the thing that just happened with Bitcoin,

59:37

like that was a big indicator. Like in

59:39

every other previous bull run, it looks like,

59:41

okay, it's about time to go to the

59:44

moon. Well, we're just, you know, how

59:46

many days from the halving right now? Like 12,

59:48

13, 14 days from the halving. Yeah,

59:51

we should do, we'll do the next episode.

59:53

And then after that, we'll have the halving

59:55

episode where we're talking about all the things

59:57

around that. So that's coming up. We'll do

59:59

the pre-halving. show a week. Yeah, the

1:00:01

pre-having episode, we'll just cut that episode in

1:00:03

half. You'll get

1:00:05

half the content and it'll cost you. We can

1:00:08

totally do that. Right in the middle, just cut

1:00:10

it off and it'll be like part two. Here

1:00:12

it is. There's the other half.

1:00:15

You get two episodes. And

1:00:17

there's only one of us. The

1:00:19

next halving, I go away. I

1:00:21

just go into the

1:00:25

abyss. I don't know what's going to happen. You're

1:00:27

no longer a reward for the people. We

1:00:29

appreciate everybody listening as we approach this

1:00:31

next event in the world of Bitcoin.

1:00:33

It happens once every four years.

1:00:35

We're here for it and we're excited

1:00:38

about this bull run taking place and

1:00:40

we are glad that you're along with

1:00:42

us for the ride. Once again, there

1:00:44

is only one law in

1:00:47

the Republic of Bad Cryptopia and it really

1:00:49

is more of a suggestion than a law

1:00:51

because it's not like anybody's going to come

1:00:53

arrest you. We're not going to send our

1:00:55

police force out. I don't even know who

1:00:57

that would be. We don't have to fad

1:00:59

down. But now. We have to rent

1:01:01

a cop. They

1:01:03

come and slap the cops on you. But that

1:01:05

suggestion is. Who's

1:01:08

bad? Who's

1:01:19

bad? The

1:01:25

Bad Crypto Podcast is a production

1:01:27

of Bad Crypto LLC. The content

1:01:29

of the show, the videos and

1:01:31

the website is provided for educational,

1:01:33

informational and entertainment purposes only. It's

1:01:35

not intended to be and does

1:01:38

not constitute financial, investment or trading

1:01:40

advice of any kind. You shouldn't

1:01:42

make any decisions as to finances,

1:01:44

investing, trading or anything else

1:01:47

without undertaking independent due diligence

1:01:49

and consultation with a professional

1:01:51

financial advisor. Please understand that

1:01:53

the trading of Bitcoins and

1:01:55

alternative cryptocurrencies have potential risks involved. Anyone wishing

1:01:57

to invest in the trading of Bitcoins and

1:02:00

in any of the currencies or

1:02:02

tokens mentioned on this podcast should

1:02:04

first seek their own independent professional

1:02:06

financial advisor. I

1:02:09

joined the Badao. The Badao. The

1:02:12

Badonkadonk? Badao. Badao. Badao.

1:02:14

What the hell is that? Look at sound effects.

1:02:17

Check out our Badao. So

1:02:19

it's like a bad

1:02:21

decentralized autonomous organization.

1:02:29

Yeah. Badao. Badao.

1:02:32

Badao. Badao.