How do i protect myself?

[freedomseeker]

Greetings everyone, this is my first post out here so i apologize if it is posted in the wrong forum...

My situation... I live in Canada and due to the recent happenings involving the lack of freedom with the virus lock downs and the endless debt spending i am looking for answers to protect my financial future and freedom.

I am recently retired and can move anywhere in the world, but unfortunately my pension is tied to Canada. That being said my house is worth over 3/4 of a million atm and i am going to put it up for sale.

I worry about inflation, a financial collapse and my country becoming more authoritarian (especially looking to increase the taxes to pay for the out of control spending.

I have paid all my taxes over the years, but i worry that the Canadian dollar will soon greatly depreciate and i am looking to hedge on that by converting my house money to another currency. I am also worried that rev.canada in the future could change the laws (ie taxed by citizenship, not residence) deciding to claw back my money if i move it offshore, so i need ideas on how i can transfer it discreetly.

I am not a criminal, nor scammer, i am simply afraid that my pension will soon be worthless and need to counterbalance it with the windfall from my house.

So my questions are... What currency would you recommend someone hold if the indebted economies of the world collapse/ correct under the weight of a huge debt bubble, which countries would be recommended i set up my residence in, and is it still possible to transfer my money discretely so i can future proof myself (ie bit coin to a foreign bank account? CRS? Do i need to set up a company or trust?)

Sorry for all the questions and the conspiracy like talk, i never thought i would ever be asking questions like this, but the future seems so unsteady, i just need some security.

Thank you for your time.

 

[NicolasMaduro]

So my questions are... What currency would you recommend someone hold if the indebted economies of the world collapse/ correct under the weight of a huge debt bubble, which countries would be recommended i set up my residence in, and is it still possible to transfer my money discretely so i can future proof myself (ie bit coin to a foreign bank account? CRS? Do i need to set up a company or trust?)

This is a very bad idea. Inflation is happening all over the world. Selling your house just to hold currency is a very bad move, and for every second you hold that currency you lose money. Atleast your house is a safe asset.

My situation... I live in Canada and due to the recent happenings involving the lack of freedom with the virus lock downs and the endless debt spending i am looking for answers to protect my financial future and freedom.

Lockdowns happens all over the world. I would take a deep breath. Soon most of the world will declare Covid-19 a constant threat just like the Common Flu is. Singapore and Denmark have done that,
and its just a matter of time before the world follows.

, and is it still possible to transfer my money discretely so i can future proof myself

Why would you need to do this if all your money is legitimate?

I am also worried that rev.canada in the future could change the laws (ie taxed by citizenship, not residence)

Probaly not and most likely not, and you shouldnt waste your time worry and stress about this

 

[freedomseeker]

Canada is in the midst of a huge housing bubble atm.. the value of my house is greatly inflated atm.. you can google it (we are number 1 in the world for housing bubbles).

Since it is my primary residence i am planning on selling atm it is tax free to sell it (for now). As i explained earlier, i fear that the tax laws will change, i don't care to have a socialist party decide later that i should be taxed on my citizenship now, because they have tripled the national debt in 3 years.

yes maybe i am being paranoid, but i assure you there is absolutely nothing illicit about the money.

As per worrying... i would rather take precautions now then be kicking myself later.

 

[countryfree]

Well, if there's a property bubble, maybe it's a good time to sell your house, and there are Swiss banks who would be happy to accept your CDN $. The problem is that with inflation rising, money's at the bank is losing its value.
If you're used to cold weather, you could buy a fantastic house in Latvia, or Montenegro is you prefer a warmer climate, and settle there, but what do you want to do? Safeguarding your assets is only the beginning.