How to Live a PT Lifestyle
What's a PT? A PT is somebody who is Prepared Thoroughly for any eventuality or situation. A PT lives stress-free and sleeps soundly at night because he or she is Prepared Thoroughly, free to concentrate on the good things in life. A PT is a Prior Taxpayer and a Privacy Thinker - a Perpetual Traveler or Permanent Tourist who is just Parked Temporarily or Passing Through. PT is also a form of defense: Protection against Tyranny. Some people have called PT "a coherent plan for a happy, prosperous international lifestyle." PTs would probably just say it is the 'Perfect Thing.'
Under the guise of helping us ("for your own safety") governments have intruded into every area o our lives, taking the largest part of our earnings in http://www.mygeekday.com taxes and rewarding us with little aside from restrictions and harassment. PT is a way to assert your freedom - to escape from the growing repression and intrusiveness of Big Governments everywhere. Like the corporations who have learned to internationalize and diversify, PT shows productive people how to get out from under the thumb of Big Brother. An alternative title could be: How to Remake Yourself into a One Man Multinational.
PTs don't ask for or expect government help or protection in any way. In the same way, we refuse to contribute to superfluous socialist welfare states. But we don't believe in fighting. We will simply resist quietly, under the radar. Hopefully nobody will ever notice we have gone!
PT is not a fixed set of rules. It's just a way of thinking... an attitude to life. The originator of the PT concept does not even wish to be identified. But he is still going strong today, publishing an excellent investment newsletter. In a classic 1950s pamphlet, he explained how this ideal can easily be achieved by spreading your interests out over various unrelated countries. It's not expensive (indeed it's probably cheaper than any alternative). He wrote about international arbitrage through the use of three different nations, jurisdictions, or - as he called them - 'flags.' Later, in the 1980s, legendary author W.G. Hill expanded the number of flags to five - so it became the 'Five Flags Theory.'
With the arrival of the Bye Bye Big Brother 'Black Books' in 2006, a sixth flag was added to the previous flags. Marvelous new opportunities had been opened up that were 'made for PTs' as a result of the internet. Cyberspace was added as the sixth flag that brings all the other five flags together.
W.G. Hill, and later Grandpa, have always been at pains to point out that the Six Flags Theory is not a hard or fast set of rules. It is rather an attempt at putting a little structure to the PT lifestyle so people can understand what international arbitrage really means. Almost nobody really lives the six flag lifestyle, but many people choose to live parts of it. Living is an art, not a science, and each individual will interpret PT ideas in his or her own way.
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