Tuesday, April 28, 2015

Canada vs USA on asset protection

Canada has shown great resistance to the U.S. many times in history. I know Europeans who won’t keep their money or their assets in the U.S., they’ll only keep it in Canada, their North American assets, and that’s because during the Second World War, the U.S. confiscated everybody’s assets, including our allies. 

The Canadians did not confiscate anybody’s assets, including the enemies. So Canada has a long history of being much more neutral, if you will, about peoples’ money and assets. It’s certainly better than the U.S., that’s for sure.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.