As Syria distracts, here's what else is happening while no one is looking...

If you are having trouble viewing this email, or you'd like to share this article with your friends, click here August 29, 2013 Rome, Italy As everyone is now completely distracted with the looming prospect of yet another illegal war to be waged by the 2009 Nobel Peace Prize recipient, let's look at a few other things going on while no one is looking. Gun control Today, the Obama administration announced fresh measures to restrict the availability of firearms in the Land of the Free. This time around, they want to ban the re-importation of firearms that have been exported from the US to allied nations. They also want to raise the bar on federal background checks. But rather than go through Congress, the Obama administration is simply going to create a new 'rule'. 'Rules' are a type of regulation created directly by agencies within the Executive Branch. They're not laws, but they carry the same weight and effect as laws, complete with criminal and civil penalties. Oftentimes, hundreds of new rules are proposed every single day in the Land of the Free. It's the easiest way for the President to circumvent the Constitution and simply decree whatever he wants. Debt ceiling The US government is once again danger close to defaulting. Bear in mind, at the start of the 'credit crisis' six years ago, US federal debt was just $8.9 trillion. Today, US federal debt stands at $16.738 trillion-- 88% higher. Curiously, the statutory debt limit is $16.699 trillion... so the US government already breached its limit 39 billion dollars ago. For the last few months, the Treasury Department has been resorting to 'extraordinary measures' in order to avoid default (i.e. things that you and I would go to jail for). But Treasury Secretary Jack Lew is about out of bullets. So the US could be in danger of defaulting at any moment, especially if an unexpected fiscal 'surprise' should arise... like, uh, war. That's the funny thing about war-- they tend to be expensive. And starting another war might very well be the straw that broke the camel's back. No inflation to see here As I write this letter, fast food workers across the US are protesting, demanding higher wages. Crazy. Apparently you can't live on $7.25/hour anymore. Someone needs to tell these people that there's no inflation, and that the Grand Wizard himself, Ben Bernanke, has everything under control. Outright Collapse in many Emerging Markets From India to Mexico, South Africa to Indonesia, emerging market currencies have practically been in freefall in the latest sign that the fiat experiment is drawing to a rapid close. This movement has massive implications for gold-- that 'barbarous relic' that people are scooping up in bulk right now as a means to preserve their savings. It's gotten so bad in India that the government there is imposing severe capital controls and gold restrictions-- setting the standard for other nations in the future. Is confiscation to follow? Until tomorrow, Simon Black Senior Editor, SovereignMan.com Where is the best place to bank in the world? This is the most common question that Sovereign Man: Confidential members have. Followed by "Where should I establish residency and move to?" The answers of course depend on each specific situation, but in this month's issue we set ourselves a monumental task of analyzing and identifying the best set of options that would suit just about anybody. This month's seminal issue of SMC includes: A detailed analysis of respective banking systems of selected jurisdictions. We look at things like central bank capitalization, central government debt levels, commercial bank capitalization, and commercial bank liquidity. All this is broken down to identify which is the safest bank and the safest currency in the world, which jurisdictions are best for corporate banking, where the risk and reward ratios are favorable etc. Everything summarized for you in a user-friendly cheat sheet. The best residency and immigration options in the world. Find out which are the two best places to establish residency with a view of obtaining a second passport-- without the need of actually moving there. What are the best and easiest passports to acquire if you actually want to uproot your life and move to a new place. All in a systematic overview, designed to give you a direction immediately. A boots on the ground account from Iceland. The country was the first victim of the financial collapse of 2008. It's still in a very poor state, with a default and a significant restructuring inevitable. But it also has a lot going for it. That's why I'm so excited about its potential once it's forced to pull out all the stops and attract foreign capital. The opportunities for those prepared will be immense. It should definitely be on your radar. An extended set of questions, ranging from what to look for when setting up an offshore corporate bank account to the best deals for farmland in the world right now. To get immediate access to the knowledge contained within this month's issue, and all the back issues, click here to get the full details on your invitation to join Sovereign Man: Confidential today. Follow Sovereign Man Facebook Twitter Google+ Neither this email communication nor content posted to the website SovereignMan.com is intended to provide personal financial advice. Before undertaking any action described in this letter, financial or otherwise, you should discuss your options with a qualified advisor-- accountant, financial planner, attorney, priest, IRS auditor, Tim Geithner... Also, nothing published in this letter constitutes encouragement to avoid or evade tax obligations in your home country. 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