Tuesday, June 26, 2012

The cycle of a nation



A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship. The average age of the world's greatest civilizations from the beginning of history has been about 200 years. During those 200 years, these nations always progressed through the following sequence:
  • From bondage to spiritual faith;
  • From spiritual faith to great courage;
  • From courage to liberty;
  • From liberty to abundance;
  • From abundance to selfishness;
  • From selfishness to complacency;
  • From complacency to apathy;
  • From apathy to dependence;
  • From dependence back into bondage.
  • Source

Monday, June 11, 2012

How about renting a country?

You've heard of renting a palace, renting a mega yacht, even renting an island. How about renting a country? For $70,000 a night with a two-night minimum and a very strict cancellation policy, you can rent Liechtenstein. Yes, the entire country. You can rent the country for a conference, a party - whatever you drum up for you and your 900 closest friends.

Now, if you're forgetting your high school geography, Liechtenstein is a tiny Alpine country - population 35,000 - tucked between Austria and Switzerland.

So what to do with your own nation? Well, how about starting with a wine tasting at the prince's estate while watching your own fireworks show. You want to make this a very personal experience? You can rename the city streets and town squares as you wish and even print your own temporary currency with your face on it.

Now, if you do decide Liechtenstein is the perfect place for your party, please don't cause too much of a ruckus. The nation has only a handful of police officers and no military.

Source here

Monday, June 4, 2012

Wealth shifts to emerging countries


China, India and Singapore posted the biggest increases in millionaires last year as the Asia-Pacific region countered a decline in wealth in western Europe and the United States, according to Boston Consulting Group.
Millionaire households in China rose 16 per cent to 1.43 million while those in Singapore climbed 14 per cent to 188,000 and India saw a 21 per cent increase to 162,000, the Boston-based firm said in a report........... 
Cross-border assets in Switzerland, the biggest offshore centre, were unchanged at US$2.1 trillion as the repatriation of funds by clients in neighbouring European countries was offset by inflows from emerging market customers, the report said. Western European offshore wealth in Swiss banks dropped 2.2 per cent while assets in Switzerland and Luxembourg originating in North America "dwindled to an almost negligible amount", Boston Consulting said. 
Worldwide, investors increased offshore assets 2.7 per cent to US$7.8 trillion with Hong Kong and Singapore among the beneficiaries. The two biggest Asian offshore booking centres may surpass Switzerland in the next 15 to 20 years, according to the report.
Read more here