Had the opportunity to give the keynote at the Sovereign Man conference in Panama last week. VERY cool conference (although it sold out in 24 hours, it's unlikely to be repeated anytime soon). The topic of the conference: methods for hedging sovereign risk.
The thought that kept going through my mind as I gave my talk to the 350 smart/successful people in the audience: These people in front of me are just the start of a flood. Early movers. People that have seen the long run stagnation and recently accelerating decline of western middle classes as just the start of something much worse -- political failure, economic depression, financial panics, rampant corruption/criminality, and violence.
In other words, they were the first real refugees of the formerly developed countries to the north.