Hehe, short answer on a topic like this? You're joking! :D The good news: the fact that you are asking this question shows you are way ahead of the millions that are fast asleep, trusting on things to continue the way things are anywhere in the world, because "it has always been like this". Who trust their governments, their institutions, the social net, their neighbours, etc. or just have no choice like you to move away. Purely by asking this elementary question about survival, you are already giving yourself a chance to avoid a bad situation, whether it's a rightout war or just an economic collapse that drags you down and undoes anything you worked for, what you saved up, etc. Confiscation in crises even occurs in Western democracies, nobody needs to think that in Asia it would not happen at a wink and a nod. The bad news: by the time anything happens, it's too late to act ;) Crises are not random events but are planned well in advance by the powers that be. But even if we assume these are totally organic, it doesn't change the fact that there's a playbook that these powers follow every time, depending on their intent. If their intent is control, the first thing they have in mind is securing the assets: whether it's savings accounts, pensions, real estate or any other (in)tangible assets, you're screwed. Especially if you're not a local, on an island and intending to "export" your wealth. That's a major no-go for those at power who want stability, because if they allow exeptions, it can start a stampede that leads to economic collapse, which leads to the collapse of their power. If they want instability (to cause chaos which they use to gain power), then what better tool than to disrupt the economy, which again means your wealth down the drain.. Whatever happens, the common folk are always screwed during a crisis, because the opportunists always abuse them for their own gains, especially their wealth and savings. I have been involved in contingency plans in the past (not in a macro environment but in a corporate one, which makes things simpler) and people would not believe how a simple thing like a leak of an airconditioning system could flood the servers of a datacenter, resulting in global outage for their data processing, costing them millions in a matter of hours, not to speak of the fallout in terms of lost customers, goodwill, lawsuits, etc. That is why most serious companies already have a secondary site in place with fully equipped offices with constantly up-to-date desktop units for their staff, backup servers, etc., where their staff could immediately move in case of any "special event". These are called "cold" or "hot" sites, depending on whether you want to have it up and running by a press of a button, as if nothing happened. Now imagine the same, in case of an invasion, when it hardly matters where you move within the country.. Yep, the stuff of nightmares for planners. So to the core of your question: if you want to have such a contingency plan for yourself in case anything happens, you should already have one in place now.. Especially because moving your assets may not be as easy, unless you have already transferred all of these to your country of escape anyway (Canada, if I understood you well during previous talks). But then, to complicate things further, who knows what happens to your assets under Trudeaux in the coming months and years, seeing as how Canada is little China by now.. But I guess I am not saying anything new here, so if your question is whether you should extract your assets just in case anything happens by way of contingency, then my answer is a definite YES. ASAP. Not because you should be afraid that anything can happen. But because if it does (and we know there is quite a chance it will at some point), at that time it is too late to act. Why hoping that they will allow your transfers, personal exit, etc.? On the type of assets, that is probably a totally different discussion, because it is not really related to a crisis like what may occur in Taiwan, but rather an investment strategy by itself. I would go for divesting your portfolio as much as possible, but all of these should be fast movable, whether it's bitcoin, physical gold that you buy in the West (even online) on accounts there or have it stored in bank vaults through family, etc. So what I would definitely NOT do is having only a local Taiwanese bank account where you receive your salary, perhaps only in local currency even and not having transferred most of these to the country you will eventually settle in. As for your personal physical safety, that's something I have no clue about, it is an inherent risk of being in a country that is known for being seen as the back garden of one of the most powerful forces on the planet, which has claimed often that it does not respect this tiny country and is not exactly known for being soft handed when it comes to their agenda. It is basically totally up to your sense of security, commitments to stay there or get the F out as soon as the sh*t hits the fan or go all disaster tourist on it, hoping you can go under the radar.
Hehe, short answer on a topic like this? You're joking! :D
The good news: the fact that you are asking this question shows you are way ahead of the millions that are fast asleep, trusting on things to continue the way things are anywhere in the world, because "it has always been like this". Who trust their governments, their institutions, the social net, their neighbours, etc. or just have no choice like you to move away.
Purely by asking this elementary question about survival, you are already giving yourself a chance to avoid a bad situation, whether it's a rightout war or just an economic collapse that drags you down and undoes anything you worked for, what you saved up, etc. Confiscation in crises even occurs in Western democracies, nobody needs to think that in Asia it would not happen at a wink and a nod.
The bad news: by the time anything happens, it's too late to act ;) Crises are not random events but are planned well in advance by the powers that be. But even if we assume these are totally organic, it doesn't change the fact that there's a playbook that these powers follow every time, depending on their intent.
If their intent is control, the first thing they have in mind is securing the assets: whether it's savings accounts, pensions, real estate or any other (in)tangible assets, you're screwed. Especially if you're not a local, on an island and intending to "export" your wealth. That's a major no-go for those at power who want stability, because if they allow exeptions, it can start a stampede that leads to economic collapse, which leads to the collapse of their power.
If they want instability (to cause chaos which they use to gain power), then what better tool than to disrupt the economy, which again means your wealth down the drain..
Whatever happens, the common folk are always screwed during a crisis, because the opportunists always abuse them for their own gains, especially their wealth and savings.
I have been involved in contingency plans in the past (not in a macro environment but in a corporate one, which makes things simpler) and people would not believe how a simple thing like a leak of an airconditioning system could flood the servers of a datacenter, resulting in global outage for their data processing, costing them millions in a matter of hours, not to speak of the fallout in terms of lost customers, goodwill, lawsuits, etc.
That is why most serious companies already have a secondary site in place with fully equipped offices with constantly up-to-date desktop units for their staff, backup servers, etc., where their staff could immediately move in case of any "special event". These are called "cold" or "hot" sites, depending on whether you want to have it up and running by a press of a button, as if nothing happened.
Now imagine the same, in case of an invasion, when it hardly matters where you move within the country.. Yep, the stuff of nightmares for planners.
So to the core of your question: if you want to have such a contingency plan for yourself in case anything happens, you should already have one in place now.. Especially because moving your assets may not be as easy, unless you have already transferred all of these to your country of escape anyway (Canada, if I understood you well during previous talks). But then, to complicate things further, who knows what happens to your assets under Trudeaux in the coming months and years, seeing as how Canada is little China by now..
But I guess I am not saying anything new here, so if your question is whether you should extract your assets just in case anything happens by way of contingency, then my answer is a definite YES. ASAP.
Not because you should be afraid that anything can happen. But because if it does (and we know there is quite a chance it will at some point), at that time it is too late to act. Why hoping that they will allow your transfers, personal exit, etc.?
On the type of assets, that is probably a totally different discussion, because it is not really related to a crisis like what may occur in Taiwan, but rather an investment strategy by itself. I would go for divesting your portfolio as much as possible, but all of these should be fast movable, whether it's bitcoin, physical gold that you buy in the West (even online) on accounts there or have it stored in bank vaults through family, etc.
So what I would definitely NOT do is having only a local Taiwanese bank account where you receive your salary, perhaps only in local currency even and not having transferred most of these to the country you will eventually settle in.
As for your personal physical safety, that's something I have no clue about, it is an inherent risk of being in a country that is known for being seen as the back garden of one of the most powerful forces on the planet, which has claimed often that it does not respect this tiny country and is not exactly known for being soft handed when it comes to their agenda. It is basically totally up to your sense of security, commitments to stay there or get the F out as soon as the sh*t hits the fan or go all disaster tourist on it, hoping you can go under the radar.