The Looming Threat: A New International Monetary System
Adrian C. Spitters FCSI?, CFP?, CEA? President, Author, Private Wealth Advisor
I Execute Tax-Efficient Investment Portfolio Solutions So That Your Business, Family, And Estate Assets Are De-Risked And Protected Against Financial Risk, Economic Threats, Inflation And Higher Taxes.
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It Starts with Gold
Gold is the foundation of a well-diversified investment portfolio that includes income-producing private alternative assets like private equity and private real estate. These investments can help fortify and de-risk your portfolio against financial institution risk, economic threats, inflation, and higher taxes. Gold has long been considered a safe haven in times of economic uncertainty. Its stable value makes it a reliable hedge against inflation and market volatility. Gold represents security and confidence, serving as a foundation for wealth preservation and acting as portfolio insurance. Contact New World Precious Metals to discuss your purchase options.
Digital ID, Tokenization, and the Impending Financial Overhaul
The global financial landscape is on the brink of a monumental transformation, one that could redefine how we interact with money and assets. Central to this shift are concepts like Digital IDs, Central Bank Digital Currencies (CBDCs), and the tokenization of assets. These innovations promise efficiency and inclusion but also carry the risk of unprecedented surveillance and control.
Digital IDs and Financial Inclusion
Digital IDs are being touted as a cornerstone for modern financial systems. According to the Bank for International Settlements (BIS), digital IDs can enhance trust in money flows by providing a reliable method of identity verification across multiple sectors, from banking to telecommunications (BIS, 2024). This system aims to facilitate financial inclusion by ensuring that everyone has a verifiable identity, thus granting access to essential services.
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However, this push towards a unified digital identity system raises significant privacy concerns. Critics argue that such systems could lead to a scenario where those who opt out or cannot participate are excluded from essential services and the economy. The inclusion rhetoric often masks the exclusionary potential of these systems, particularly for those unable or unwilling to participate in the surveillance infrastructure.
The Role of Central Bank Digital Currencies (CBDCs)
CBDCs are digital versions of national currencies backed by central banks designed to facilitate seamless and efficient transactions. The BIS has been a strong advocate for CBDCs, emphasizing their potential to revolutionize monetary policy and the payment system (BIS, 2024). A key project, Project Aurum, in collaboration with the Hong Kong Monetary Authority, aims to explore privacy aspects of retail payments using CBDCs, highlighting the delicate balance between innovation and user privacy (BIS, 2024).
CBDCs are poised to become a fundamental part of the financial infrastructure, enabling programmable transactions and integrating seamlessly with other tokenized assets. However, the introduction of CBDCs also brings concerns about the potential for increased government surveillance and control over individual financial transactions. The debate continues on whether blockchain technology is essential for CBDCs or if other technologies could be used to achieve the same ends (Sociable, 2023).
Tokenization: The Future of Assets
Tokenization involves converting real-world assets into digital tokens that can be traded on blockchain platforms. This process can unlock new levels of efficiency and transparency in financial transactions. In Canada, asset managers are already exploring tokenized investment funds and smart contract-based funds that cover diverse asset classes, aiming to capitalize on the operational efficiencies provided by blockchain technology (EY, 2024).
Tokenization allows for fractional ownership, enhanced liquidity, and more efficient transactions. For example, properties, commodities, and even intellectual property can be tokenized, making it easier to buy, sell, and trade these assets in smaller portions. This can democratize investment opportunities, allowing more individuals to participate in previously inaccessible markets.
However, the tokenization of natural assets—such as forests, rivers, and even carbon credits—poses significant ethical and practical challenges. Former Bank of England advisor Michael Sheren has highlighted the potential for tokenizing environmental assets, which could lead to the commoditization and control of natural resources by powerful financial entities (Sociable, 2023). This could result in the exploitation of natural resources and create new forms of economic disparity and environmental degradation.
The Implications and Risks
The integration of digital IDs, CBDCs, and tokenized assets could lead to a more efficient and inclusive financial system. Yet, this transformation is fraught with risks. The potential for increased surveillance and control by both governments and private entities is a significant concern. The tokenization of natural assets, while promising increased liquidity and environmental benefits, could also lead to exploitation and inequity.
One of the primary risks is that digital IDs and CBDCs could enable an unprecedented level of financial surveillance. Every transaction could be tracked and analyzed, allowing governments and corporations to exert greater control over individuals' financial behaviours. Additionally, the consolidation of financial power through the control of tokenized assets could lead to new forms of economic domination by a few powerful entities.
A Warning for Investors
As we stand on the cusp of this financial revolution, it is crucial to remain informed and vigilant about the changes and their implications. The potential benefits of a digitized financial system must be weighed against the risks of surveillance, exclusion, and exploitation. The centralized control and tracking capabilities of digital IDs and CBDCs present significant threats to personal privacy and financial freedom. Tokenization, while offering efficiencies, also risks consolidating economic power and creating new forms of inequality and environmental harm.
For full details, Watch the source video that inspired this article
Why Gold Should Be the Foundation of Your Portfolio
The Stability and Reliability of Gold
Gold's stability and reliability make it an essential cornerstone for a well-diversified portfolio. Its value remains consistent even during economic turbulence, offering protection against inflation and financial uncertainty. Unlike paper assets, Gold is a tangible asset that maintains its worth over time, making it a safe haven during financial crises. In light of the potential vulnerabilities in the financial system, particularly those related to securities entitlements, owning a secure and tangible asset like Gold is crucial.
Portfolio Insurance
Gold serves as portfolio insurance, providing a safety net against market fluctuations and economic downturns. When traditional investments such as stocks and bonds falter, Gold often retains or even increases its value, offsetting losses in other areas of your portfolio. This characteristic makes Gold an invaluable asset for anyone looking to protect their wealth from market volatility and economic instability.
Enhancing Portfolio Diversification with Private Real Estate
Combining Gold with investments in private real estate, such as multifamily rental apartments, can further enhance portfolio diversification. This approach not only safeguards wealth but also taps into the growing demand for rental properties driven by immigration and demographic changes. Private real estate investments provide a steady income stream and the potential for capital appreciation, offering a complementary asset class to Gold's stability.
A Partnership for Holistic Wealth Management
As a dedicated advocate for de-risking business, family and multi-generational wealth, I am partnered with one of Canada's leading independent private wealth management firms. My team serves high-net-worth clients nationwide. We provide professional investment management and comprehensive wealth planning solutions from a fiducially focused, client-first perspective. We provide access to sophisticated tax-advantaged strategies and solutions traditionally reserved for the ultra-affluent.
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Capital Preservation First
We are driven by a "capital preservation first" philosophy. Our team generates consistent, tax-efficient returns uncorrelated to public markets. By leveraging our expertise, you are granted access to key industry professionals, gaining exclusive entrance into alternative investments such as private equity, private real estate, precious metals, commodities, government-sanctioned flow-through tax-efficient structures, and tax-minimizing corporate insurance solutions offered through mutual life companies. All are designed to fortify, secure and de-risk your family, business and estate assets against financial risk, economic threats, inflation and higher taxes.
To receive a complimentary digital copy of "Who's Investing Your Money?," email me at [email protected] or book a complementary portfolio evaluation with me through my Calendly Link.
Complimentary Portfolio Evaluation
As a valued reader, I am offering a complimentary portfolio evaluation to discuss how investing in alternative assets such as private equity, private real estate, precious metals, commodities, government-sanctioned flow-through tax-efficient structures, and tax-minimizing corporate insurance solutions can help to fortify and de-risk your portfolio against financial institution risk, economic threats, inflation, and higher taxes.
To book your consultation, email me at [email protected] or use my Calendly Link. Alternatively, you can contact New World Precious Metals to discuss purchasing options for physical precious metals.
In these turbulent times, it's crucial to ensure that your portfolio is well-positioned to withstand potential economic challenges and market fluctuations. By considering the incorporation of Gold, you may be able to fortify your investments and better navigate the complexities of the current financial landscape.
The Custodial Model: An Additional Layer of Protection
In light of the revelations in David Rogers Webb's book The Great Taking, to further safeguard wealth, the firms I work with employ a custodial model, where client assets are held securely by an independent third-party custodian rather than commingled with the firm's assets. This crucial segregation of assets provides an additional layer of protection, reducing the risk of seizure or misappropriation in a financial crisis or institutional insolvency. The custodial model offers investors a safeguarded solution to help secure their wealth separately from the investment management firm.
Watch The Great Taking Documentary
Additional Resources:
Exploring the U.S. for Wealth Security
Amid economic uncertainty and high taxes in Canada, many affluent Canadians are considering relocating their wealth to the United States. The U.S. offers a more favourable tax environment and stronger asset protection laws. Peter J. Merrick, a renowned cross-border specialist, assists Canadians in navigating international wealth management complexities, facilitating seamless asset transfers to diversify holdings and safeguard their hard-earned assets from potential risks.
For Full Details, CLICK HERE
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Learn more about Peter J. Merrick...
Adrian C. Spitters FCSI?, CFP?, CEA? President, Author, Private Wealth Advisor
I Execute Tax-Efficient Investment Portfolio Solutions So That Your Business, Family, And Estate Assets Are De-Risked And Protected Against Financial Risk, Economic Threats, Inflation And Higher Taxes.
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