Stop me if you’ve heard this before: the government of France has collapsed. 

If this seems like déjà vu...it is.

Just last year, they were battling a nearly identical crisis.

On Monday, French President Macron lost his second prime minister in nine months—and his fifth in just two years—as Prime Minister François Bayrou lost a decisive no-confidence vote in Parliament.

The outrage came after Bayrou proposed a national budget that included $52 billion USD in spending cuts to reduce France’s bloated debt load.

And yes, attempting to establish even a tiny step in the direction of the country’s fiscal issues was enough to inspire the Parliament to oust yet another Prime Minister. 

Now, Macron has to pick through the political wreckage to find someone desperate—or delusional—enough to become his sixth prime minister.

The collapse in France mirrors what we’re seeing across Europe: unchecked government spending, mass migration, rising costs of living, and a growing appetite for war with Russia.

This combination of factors has sent much of the continent into a political tailspin.

European financial markets, for one, are reacting as you’d expect, with talks of a sovereign credit rating downgrade for France coming their way faster than a bullet train.

And the financial markets are already reacting. France is staring down a sovereign credit downgrade—and bond markets across the EU are screaming crisis.

In fact, French bond yields just hit a 14-year high.

Meanwhile, the wealthy are quietly heading for the exits—fleeing to jurisdictions with healthier governments, a drastically lower tax burden and a better lifestyle.

And long gone are the days when one could rely on traditional European “safe havens” like Spain or Portugal as a backup plan; they, too, are struggling under the weight of these challenges, while drastically gutting some of their formerly attractive residency programs. 

So where to turn? 

There is no better place to begin your Plan-B than Latin America, where governments are shifting rightward, taxes are lower, expats are welcomed with open arms, and the weather doesn’t hurt either.

If you see the writing on the wall, I strongly recommend you read this important letter—it lays out exactly what’s happening, and how you can escape it.

Speak soon,

Mikkel

PS. A great way to learn more about one of the best opportunities in Latin America is to attend tomorrow's strategy session. I'll be going live at 9 am Panama time to give an inside look at how we are poised to capitalize on decades of proven demand in Brazil's Northeast region. It's completely free to attend; simply register right here.

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