THE MOST ECONOMICALLY FREE COUNTRIES OF THE WORLD
I love Singapore because it is one of the most economically free countries in the world. In fact, Singapore was ranked #2 out of the 144 countries rated in the 2012 Economic Freedom of the World report (published by FreeTheWorld.com). Meanwhile, the U.S.A. has slipped from #3 in the year 2000 to #18 today.
Economic freedom and personal liberty are dear to my heart because they are the keys to greater opportunity and an improved quality of life. While a simple concept, economic freedom is the engine that drives prosperity in the world and is the difference between societies that thrive… and those that do not. Singapore has thrived and brought prosperity to its neighbors for some time. Whether considering its fiscal prudence, wise tax policy, or personal property rights, the facts led me to call Singapore the “New Switzerland.” On October 1st, the government of Singapore made the historic decision to remove tax from investment grade gold and silver, giving the people of the world a safe place to save and grow their wealth, protected from the ravages of inflation. Since the financial crisis of 2008 virtually every country on the planet has engaged in an insane expansion
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of their currency supplies and Singapore is no exception. And while Singapore excels in economic freedom, when it comes to currency, it has set the stage for the greatest transfer of wealth in history. And it is happening right now.
This is only possible because today no nation on earth uses money. I know that’s you call the stuff in your pocket, but it is not; it is currency, and there is a BIG difference. Only gold and silver qualify as money, everything else is just currency. Currency has all of the attributes of money except one: money must be a store of value. National currencies are not a store of value, because as the supply of currency is expanded, the purchasing power of each note is reduced. While it seems like prices are rising, it is actually the currency that is falling, and it is taking more and more units of currency to buy the same things. So, it isn’t the things that are getting more and more expensive, it is the currency that is getting cheaper.
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