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#740 - Nomad Capitalist - How To Travel The World And Pay No Tax
Modern Wisdom
Assessing Bank Risk and Global Financial Perspectives
Global comparison of non-judgmental entry policies, including Singapore's welcoming approach to visitors, contrasts with the UK's more stringent policies. The speaker highlights the Singapore dollar's stability and the risk associated with US banks, citing the high number of bank failures. They express skepticism about the US Congress' willingness to bail out banks in the event of failures and advocate for assessing bank risk abroad. The speaker presents examples of stable Asian banks with operations in emerging economies, such as Cambodia, and advocates for diversifying bank investments beyond the US.
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