Capex Asymmetric Trader

Hope

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This morning I found myself teaching the rationale of fighting an impossible battle to my 7-year old son. He was attempting to get his strong-headed sister to do something which she had clearly stated she WAS NOT DOING!

Knowing my children as I do, I knew that my sons exercise in persuasion was futile. Getting sis to hold a giant land crab just wasn’t gonna happen. Other things yes…this one NO.

Fiji Land Crab

Later that same day as I was bouncing up steep hillsides in a 4-wheel drive surveying land for our soon-to-be resiliency project here in Fiji, I found myself discussing the economic and political situation in the developed world with a new friend. Our Meet Up attendees will have the absolute pleasure of meeting this dynamic and inspirational gentleman soon.

Our discussion turned to how government intrusion into our individual lives, on multiple levels, is just absolutely stunning and continuing to ramp higher by the day. Like my son’s futile attempts to persuade his sister to hold a giant land crab, so too attempting to reverse the metastasising cancer of over-bearing government is not going to happen.

Your “government”, almost regardless of which one it is, now almost completely owns you. Your passport is chipped and tracked, traffic cameras routinely record your motor vehicle’s number plates, the NSA monitors every single email sent and received, local police departments are using drones to monitor the civilian population, your iPhone tracks where you are located anywhere in the world via GPS. Your ATM withdrawals, Amazon.com purchases and even your taste in restaurants is all recorded and databased! WTF?

In most western countries you need permits in order to cut down trees on your own property, paint your house a certain color, or even collect the rain water from your own roof! Not to mention, many places restrict you from even milking your own cow! The list goes on, and on, and on…endlessly.

In short, most governments now control what you can do, and when you can do it. Do they have control over every aspect of your life yet? No, not yet, but the trend is unmistakable. To think they will not continue to usurp your liberties and gain an even tighter grip on your activities flies in the face of the evidence.

It is the nature of bureaucracy for it to grow. Worse yet, legal recourse against the State is now by-and-large non-existent.

Police forces in the western world wield powers no sane person should ever have agreed to allow them. The US constitution has become a part of the history of America. Britain lost anything resembling a constitution a long time ago. European politicians routinely disregard “natural law” in favour of the State.

My new friend that I mentioned a few moments ago is the son of parents who were refugees from the Russian revolution. They escaped to China where he spent his early years growing up. Not even a decade later they became refugees from the cultural revolution there and eventually managed to be accepted as political refugees in Australia. That he is clearly one of the hardest working individuals I’ve met is no coincidence.

I have friends who lived in Zimbabwe and became refugees from that country not too long ago. Both Mark and I have friends who right now consider themselves political and economic refugees from America and Europe! Who’d a thunk it, eh?

These refugees are the minority, to be sure. Most don’t see the problems, and even the ones that do normally don’t leave. What I find fascinating with the ones that stick around is how they seem willing to stand in front of “bulldozers”. Sometimes they do so out of complete naiveté, but often enough they seem to do so out of hope. They hope that things will turn around, hope that things will somehow straighten out and return to something better, hope that they don’t have to make the hard decisions that need making.

It’s a fools game, and it unfortunately never ends happily.

Western societies are in varying stages of decay, if not outright collapse. Most are a slow-motion train wreck. Just look around you, tell me it isn’t so.

If you’re living in Greece, Spain, Ireland, Portugal – heck take your pick, then you’re likely a little more keenly aware of societal collapse. If you’re living in Britain, the US, Australia or Japan (with their wonderful budget to be proud of), then you’re likely aware that something just isn’t quite right any more.

In the latter, people aren’t out in the streets yet, but I ask you how different are these nations fiscally? They’re all bankrupt by any reasonable accounting method (I know, a sovereign can’t go bankrupt – semantics). Why do people continue to rely on them? – Hope.

Societies and economies, and of course peoples livelihoods, tend to collapse slowly then all at once. Currency controls are coming. Do people not understand that? Those who read history know it’s a near certainty. Those who do not simply – hope.

So, what do we do?

This brings me to Fiji, and our Meet Up this coming weekend. Mark and I’s rationale for looking at Fiji as a safe-haven is based on a bunch of factors, all of them very simple. I’ll detail them briefly here for those of you who haven’t followed our missives on the subject.

In no particular order:

  1. A collapse in centralized socialist economies has zero effect here. Socialism doesn’t exist and it isn’t on anyone’s radar. People are almost entirely self-reliant and many wouldn’t know or care if money disappeared. In a post entitled “Predicting Prosperity” I discussed the concept called “the advantages of backwardness”. Today, a country which does not have a centralized society that services the mass populace is at a distinct advantage.
  2. Closely related to the above point is the fact that the psychology of the populace here in Fiji is NOT one of entitlement. Nobody expects somebody else to put food on their table, or a roof over their head. Actually, show up in a Fijian village and you’ll likely be asked to stay for as long as you like…gratis! Contrast this to the West where the populace seem to be convinced that its freakin’ pre-ordained on them to have “free” healthcare, “free” schooling, cheap housing, pensions, and even cable TV! Is it any wonder we’re seeing riots on the streets of Europe, and people setting themselves on fire?
  3. Land is deeply undervalued, fertile beyond your wildest dreams and water is bubbling up out of the ground like Jed Clampet’s “Black Gold”. Plus, you can catch your rain water and drink it. LOL.
  4. Organic? What’s that? Oh, you mean everything that just naturally grows here? Right, OK. Walk out into your backyard and grab a papaya, bananas, bread fruit, jungle spinach, mango, citrus, etc.
  5. Fish – Hey, Fiji is surrounded by a pretty big moat known as the South Pacific. I like the Spanish Mackerel, also known as Walu.
  6. I can get in and out relatively easily as there are direct international flights to Australia, NZ, Hong Kong and the US.
  7. I don’t have surveillance cameras on every corner tracking my movements from shop to shop, street to street.
  8. The big bad Military government here in Fiji is doing more for the people than probably any previous government has. They “get it” when it comes to eliminating corruption. They “get it” when it comes to incentivizing businessman and in particular property developers to bring value to the country. 15-year tax breaks, duty waivers and reduced income tax rates for instance.
  9. I get decent Internet here…not perfect, but decent. Vodafone have been very active in putting in 3G (soon to be 4G) towers all over the show.
  10. Being off-grid here is possible, inexpensive and actually much more reliable!
  11. There exists a thriving expat community, many of whom share our views. People come to islands for a reason.

Mark and I have been looking at land that frankly reminds us of Land of the Lost. Walking a few meters into the bush I’ve seen literally falling of the trees the following: coconuts, avocados, papaya, cocoa, vanilla, passion fruit, bananas, mango, etc. Being cultivated are sugar cane, rice, kasava, taro and corn to name but a few. If I’ve missed a bunch it’s because I’m feeling lazy. You get the picture though.

A beautiful old banyan tree. My kids loved swinging on the vines with some local kids while Dad “worked”.

We have little interest in the manicured, puffed-up expensive stuff. Jungle can be cleared here for dollars…literally. A small team of 200 lb Fijians with machetes will turn acres of jungle into cleared park like surroundings for the price of a meal in LA, and leave you speechless at the speed at which they do so. By the way this stretch of “road” was tame. Our favourite realtor here on this particular island is a real-life Indiana Jones. I kid you not. We have to run through “bush safety” classes and sign a release to look at properties with this guy (OK, not really…but we probably should!).

Here’s Daniel, a local we picked up to help trail blaze a path for us. It’s embarrassing when a man who is probably a grandfather literally runs ahead of you in the 30 degree heat hacking a path with his machete, smiling from ear-to-ear (Fijians are easily the friendliest, happiest people on this planet). Then upon arriving at our destination scales up a coconut tree to get everyone a fresh coconut. If you’ve never had a young, green coconut right off the tree you’re missing out!

Later our lunch spot. Could be worse.

I’ve not had much time to get near my laptop and therefore apologise for missing last Thursday’s post. One would think that since this is what I’m staring at from my “office desk” I might spend more time on the laptop. One would be wrong.

Until next time thanks for reading.

- Chris

 ”Hope is the poor mans bread” – George Herbert

Comments

  1. Joy Mozzi says:

    Ah sounds like paradise, tropical fruits, sea breezes, minimal intervention into daily lives. I have been to Fiji a couple of times and enjoyed the green coconuts straight from the tree.
    Fiji would be an ideal place for 3-6 months a year in between the ‘monitored’ countries. Thanks for the information and am sure the November Meet up will be a great success!

    • Thank you Joy.

      It is a unique place and one with enormous potential. Digging deep you’ll find that there are a lot of very savvy investors and businessman getting involved here. Looking forward to a great event with a lot of interesting people.

  2. Hope all you guys are going native with a welcoming Kava Ceremony tonight……Just guessing on what might be occurring at the Meet-Up right now.

    You talk about the present state of Europe and I want to give my view……I just got back last night from 2 days in Paris. I had not walked the streets there for 30 years and man has it changed. I remembered a joie de vivre and culture that we all associated with, well, France! It did not feel that way this week.

    People are still out at the sidewalk cafe’s but there was a distinct feeling and observation of cultural shift. Grafitti everywhere, homeless beggars, noticeable police presence, dilapidated infrastructure and a LARGE number of “non-Gallic” residents.

    Had to wait in many unessential lines for basic tasks, pay exorbitant prices for everything (except wine!), and then get inspected by French aviation bureaucrats at the airport when leaving; they basically seemed to be justifying their existence.

    It all confirmed what we have been reading all over and what you guys have been writing. The debt cycle is coming to it’s Austrian conclusion and the indebted political/monetary forces are powerless to stop it.

    There are sanctuaries around the world for body & soul & wealth protection, thanks for “clearing the jungle” for us readers.

    Bula!

    • Mark Wallace says:

      Bula Pete,

      Still in full-swing. So far everyone is having a great time and learning quite a bit about Fiji!

      Every day that goes by just makes me want to stay here forever. The people are unbelievably welcoming and warm. There is an energy that can best be described as “mellowing”. After a couple of weeks on the ground I find myself really starting to care less what is happening in the “real” world. The question begs asking, “what is the ‘real’ world anyway?”

      I read a great book years back called “Mutant Message Down Under”. I think it’s out of print, but if you can get a copy it’s a quick read. The premise is that we (Westerners) are the mutants. We’ve “mutated” away from what we were created as…loving, caring and sharing beings. What we’ve become (as a society) might be described as the opposite!

      In Fiji you can still find ‘real’, non-mutated people, and you don’t have to look very hard, they’re everywhere.

      Hope to meet up with you again soon!

      Mark

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