It protects it from outside liability (let's say you drive recklessly and kill someone, and your personal car insurance gets exhausted, the suing parties cannot come after the rental property because it is not personally owned by you). 

I’ve been pretty reckless with my money and can’t save money fast enough.

Yeah this topic is certainly exhausted.LLCs do not protect you from torts especially if you, the human, is careless or reckless in the direction of the LLC.LLCs can be expensive.

I wasted months on this company only to discover that they lie about their offerings and are reckless with data feeds.

With all the new regulations and liability, I'm not seeing the same kind of reckless appraising that drove the lead up to the bust.Jay mentioned having cash reserves to weather problems.  

However, it is time to speak out and address this reckless and unethical behavior of SCOTT CARSON!

Well I meet one of your two criteria so that is probably enough to be reckless.

The irony in most cases is those who spend excessively for complexed entity structures can't even articulate what they are protecting against and operate the underlying businesses recklessly (improper insurance, inadequate or no contracts etc.) and end up in trouble anyway.

The investment is very risky, especially given that Paraguay's credit rating is junk and (even for lending to the government) so investing  there would be reckless for most investors any you would have to make that very clear, possibly in contradiction with your pitch deck.2.

They will not pay punitive damages, they will not pay for reckless or outrageous conduct, they will not pay for intentional acts and anything they deam as fraud, and that clause is the death clause since they can use any conversation you had as intent and fraud.