UGLOBAL . COM 35
WHY AMERICANS SHOULD PAY ATTENTION TO THE WORLD OF ‘ GLOBAL MOBILITY ASSETS ’
BY ROGELIO CACERES
What options Americans and other global investors have when it comes to securing a Plan B - a second passport or residency in a new country .
Last year , the United States faced unprecedented challenges that will linger in the hearts of Americans for many years to come : a historically deadly pandemic , high rates of unemployment , crushing economic turmoil , skyrocketing living costs and the stirrings of social unrest . People took to the streets to make their views heard , and still others rebelled against the system in violent and unpredictable ways .
The effects of 2020 were so profound and deeply rooted that they percolated onto the once-unstoppable U . S . passport . COVID-19 travel restrictions and wildly spreading infection rates in the States caused the U . S . passport to tumble in the world rankings . Americans , who for decades could pretty much travel anywhere they wanted , suddenly couldn ’ t anymore . For once , they had lost their freedom of movement .
The global pandemic of 2020 also fundamentally weakened investor confidence in the capability of governments to manage disruptions and crises . Everyone experienced the chaos unfolding and how it affected their lives . With the world watching , America seemed to topple from its perch atop the G7 . Growing numbers of U / HNWI , everyday investors and entrepreneurs started asking themselves hard