Citizenship By Investment Could Boom In Near Future

Hey JessIndviduals

As each country, the world over has taken measures to deal with the viral load and economic fallout, and with every country in a different place in the cycle, tough decisions need to be made and as in nature some with fair better than others. The end game is either insolvency or hyperinflation, neither are excellent options and it will require considerable economic restructuring with either one.

I tend to lean to the more painful in the short term option, and that is insolvency, letting the country and currency collapse, default on the debt and start from scratch. This will hurt a lot of people, but it does allow one to start on a clean slate and move forward.

You would have reached the bottom, and if you survive, all you will have is years of upside ahead of you.

Solving Insolvency

Having no debt is a great feeling not only for individuals but for corporates and countries, it's a goal many of us aim for, and in the end, many don't achieve. The issue with having no debt in a debt-based world is that the majority of the worlds money supply is created with debt, so if you have no debt you most likely have very little liquidity.

This makes kickstarting the economy harder without that sugar rush of debt that can get governments and businesses to be hiring and creating jobs.

Encouraging investment without debt

One way to attract investment not only in money but skilled labour is citzenship by investment. Instead of trying to bring capital into the country to unlock its potential via the banking system, countries may opt to do it via immigration policy.

This could see more countries look to create regulations like Malta and Saint Kitts that attract individuals to get a second passport easily, purchase property, start businesses, invest in local enterprises, save their money tax-free in a country and bring economic stimulus by providing a better policy.

Go where you are treated best

Just as Europeans hopped over to America in search of a better life, we haven't seen a migration of that kind in decades. However, with things changing the way they are at the moment, countries are going to have to think outside the box on how they attract labour and capital to kickstart their economies should they choose insolvency.

I think smaller or developing countries with little to lose in relative terms and have less bureaucracy could find themselves in an advantageous position should they loosen financial restrictions, embrace cryptocurrency and allow capital to flow less restricted.

As global trade dries up, global migration could kick on as people search for a place where their purchasing power can give them the best chance at a higher quality of life. Especially those who have had limited opportunities, been hurt by the crisis or have savings but are looking to stretch it.

Have your say

What do you good people of HIVE think? Would you migrate for better opportunities? Are you looking to get a second passport?

So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."

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