Many people are discussing the number of visa-free countries, but in fact, they are discussing sovereignty credit and international consensus.


Behind these passports are extreme turmoil and liquidity shortages.
When you hold such a passport, your physical connection to this world is severed.
If you haven't realized how important it is to have a globally recognized identity, it means you haven't encountered a true black swan.
The final step in top-tier asset allocation is always identity hedging.
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