344: Don’t Just Stand and Fight—Position Yourself to Win
Mar 26, 2025
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Join Austrian economist Bob Murphy, host of The Bob Murphy Show, as he discusses the freedom revolution reshaping global perspectives. He elaborates on Trump's Panama showdown, El Salvador’s unique approach under Nayib Bukele, and his adventurous experience in Argentina’s blue market. Bob critiques the U.S. strategic Bitcoin reserve and reveals how sanctions against Russia backfired, pushing the world toward de-dollarization. Explore practical strategies like securing assets offshore to navigate an uncertain financial landscape.
Expatriates are increasingly taking control of their futures through offshore structures and diversifying assets to avoid reliance on unstable systems.
Austrian economist Bob Murphy emphasizes the role of proactive leadership, highlighting El Salvador's unique strategies to attract global interest under Nayib Bukele.
The geopolitical landscape and recent U.S. sanctions have accelerated global de-dollarization, prompting expatriates to rethink financial strategies and secure alternative citizenship.
Deep dives
Life as an Expat
Living as an expat offers a unique lifestyle that is filled with both challenges and opportunities. The journey often begins with personal experience, as individuals like Mikhail Thorup demonstrate, navigating various cultures and legal landscapes while working in multiple countries. Thorup, with 25 years of expat experience, shares insights into how families can benefit from being open to international living, from real estate investments to cultural exposure. This lifestyle not only allows for personal growth but also enhances financial literacy and entrepreneurial ventures.
Libertarian Principles
Libertarianism and personal responsibility serve as guiding principles for successful expatriates. Thorup's philosophy emphasizes the importance of the non-aggression principle, underpinning both his business and personal life. By advocating for self-directed learning over mainstream education, he has cultivated a mindset focused on autonomy and accountability. This approach aligns with the belief that individuals should take charge of their lives and finances, fostering a culture of self-improvement and informed decision-making.
Navigating Geopolitical Changes
The geopolitical landscape greatly impacts expatriates and their decisions regarding residency and business operations. With shifting political climates and international relations, individuals must stay informed about how these changes can affect their lives abroad. Thorup discusses the implications of leadership changes, particularly in the United States, and how they influence expat communities looking to secure a 'Plan B.' By remaining aware of global dynamics, individuals can better prepare their own strategies for stability and success.
Embracing Financial Diversification
Building a robust financial profile through diversification is essential for expatriates. Strategies may include opening offshore bank accounts, investing in real estate overseas, or securing precious metals in depositories. Thorup emphasizes that creating multiple income streams and financial safety nets can protect against potential downturns in one's home country. This proactive approach allows individuals to maintain financial security while embracing the opportunities that international living presents.
Options for Citizenship and Residency
Securing alternative citizenship and residency can empower individuals to navigate life's uncertainties more effectively. Thorup explains various pathways to obtaining second citizenship, such as ancestry or investment programs, which offer legal rights to live and work in different countries. By exploring these options, individuals can mitigate risks associated with political or economic instability in their home nations. These strategic decisions foster resilience and provide flexibility for expatriates in seeking better opportunities worldwide.
There’s a freedom revolution quietly unfolding—and it’s not coming through politics. More and more people are taking matters into their own hands—setting up offshore structures, getting second residencies, diversifying their assets, and ensuring they’re not boxed in by failing systems. It’s not about fear—it’s about options and the ability to act on your own terms when things get messy.In today’s episode, I sat down with Austrian economist Bob Murphy on The Bob Murphy Show to break down this transformation and share what I’m seeing on the ground with clients around the world.
TODAY’S CONVERSATION WITH BOB MURPHY:
Tune in to hear Bob and me break down Trump’s showdown over the Panama Canal—and how it pushed China’s Belt & Road Initiative out of Panama.
Discover why Nayib Bukele’s unapologetic leadership is turning heads—and what El Salvador is doing differently to attract global attention.
Listen in as I share the story about purchasing pesos in Argentina’s “blue market”—this was wild!
Get my take on Javier Milei’s bold reforms—what’s working, what’s not, and whether Argentina is on my expat radar yet.
Learn why I’m deeply skeptical about a U.S. “strategic Bitcoin reserve”—and why it runs counter to everything crypto stands for.
Find out how the Biden administration's sanctions against Russia backfired—and accelerated the global de-dollarization trend.
See how ordinary people are already being debanked—and how offshore tools like gold vaults and foreign accounts can offer protection.
Hear my response to Americans who say, “We need to stay and fight”—and why I think there’s a smarter way to go about it.
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I have great news. After many meetings and explanations, the Panamanian government has agreed to keep the Investors Visa at a $300k Real Estate investment instead of nearly doubling the amount required, as they said they would.
This is a massive win for our community who wants to move to or invest in Panama, but I am not sure how long this will last…
If you have been thinking about Panama, then I want to make an invitation to you today.
Come join me for a special four-day tour to see if the country I call home is right for you and your family.
We have just released the next set of trip dates. You can find out more at ExpatMoney.com/fly.
Come visit me and the Expat Money team, get a feel for the country and see if Panama makes sense for investment or as a new home.
Every month, we offer exciting new webinars for our community. Topics include how to use retirement accounts to buy real estate overseas, how to get a second passport in Latin America, why you should sell your stock portfolio and move your money offshore, how to buy a beachfront rental property in Brazil for less than $100k, or apartments in Paraguay for $60k.
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I have great news. After many meetings and explanations, the Panamanian government has agreed to keep the Investors Visa at a $300k Real Estate investment instead of nearly doubling the amount required, as they said they would.
This is a massive win for our community who wants to move to or invest in Panama, but I am not sure how long this will last…
If you have been thinking about Panama, then I want to make an invitation to you today.
Come join me for a special four-day tour to see if the country I call home is right for you and your family.
We have just released the next set of trip dates. You can find out more at ExpatMoney.com/fly.
Come visit me and the Expat Money team, get a feel for the country and see if Panama makes sense for investment or as a new home.