What country should I relocate to if the U.S. has a major economic collapse?

Briton was the world leader in 19th century, USA in 20th century .... now 21th

 

European Union within the next few years I bet.

 

The US has a substantial underclass that beleives that they are entitled to government support. A financial crisis will add millions of additional Americans to the numbers. Certainly there will be riots and crime will increase. It took many years for cities like New York to recover from hard economic times between 1974-1982.

Los Angeles riots of 1992

Thousands of people in the Los Angeles area rioted over the six days following the verdict. Widespread looting, assault, arson, and murder occurred, and property damages totaled one billion dollars. Many of the crimes were gang-motivated or perpetrated. In all, 53 people died during the riots.

http://en.wikipedia.org/wiki/1992_Los_Angeles_riots

[/b]Cinco de Mayo riots[/b] in Washington DC on May 5, 1991. Police cars were torched and stores looted.

The District’s mayor, Sharon Pratt Dixon told the police to hold back from making arrests for looting because she feared it would only antagonize the crowd and lead to more violence.

http://en.wikipedia.org/wiki/Washington,_D.C._riot_of_1991

New York City Blackout of 1977

In all, 1,616 stores were damaged in looting and rioting. 1,037 fires were responded to, including 14 multiple-alarm fires. In the largest mass arrest in city history, 3,776 people were arrested. Many had to be stuffed into overcrowded cells, precinct basements and other makeshift holding pens. A Congressional study estimated that the cost of damages amounted to a little over US$300 million.

Looting and vandalism were widespread especially in the African American and Puerto Rican communities, hitting thirty-one neighborhoods, including every poor neighborhood in the city. Among the hardest hit were Crown Heights where seventy-five stores on a five-block stretch were looted, and Bushwick where arson was rampant with some 25 fires still burning the next morning. At one point two blocks of Broadway, which separates Bushwick from Bedford-Stuyvesant in Brooklyn, were on fire. Thirty-five blocks of Broadway were destroyed: 134 stores looted, 45 of them set ablaze.

http://en.wikipedia.org/wiki/New_York_City_blackout_of_1977

Civil Breakdown during Hurricane Katrina in New Orleans

In the aftermath of Hurricane Katrina in Agust 29, 2005, looting, violence, and other criminal activity became serious problems. By August 30, looting had spread throughout the city, often in broad daylight and in the presence of police officers. "The looting is out of control. The French Quarter has been attacked".


Additional acts of unrest occurred following the storm, particularly with the New Orleans Police Department. In the aftermath, a tourist asked a police officer for assistance, and got the response, "Go to hell, it's every man for himself." Also, one third of New Orleans police officers deserted the city in the days before the storm, many of them escaping in their department-owned patrol cars.

http://en.wikipedia.org/wiki/Effect_of_Hurricane_Katrina_on_New_Orleans

 

When the first depression happened in the 30's people didn't riot because they didn't expect a government handout like they do today. And people are less cultured and more brutal today than in the 30's. So yes if a massive recession hit I think riots would certainly happen. But it would have to be pretty bad before that happens.

http://www.marketwatch.com/news/sto...x?guid={5A73C777-B063-4C58-9369-F9B3C7B24444}

 

Isn't that a personal attack? Sorry dude, I'm going to the DR, maybe we can hang out while I'm there..........nah, scratch that, I'll pass. Also, I know where the country is, it sits on a damn island in the Carribbean next to Haiti...........shoot, if you're going there maybe I should go to Honduras or Costa Rica instead.......

Where did you get the idea that I "hate" America? If I really hated America, I would have entitled this thread "how do I get rid of my American citizenship?" In fact, I don't plan on getting rid of it, and I don't "hate America," but I tell you what I do hate:

1. I hate the stupid Americans who went in debt to live a lifestyle they couldn't afford, leading us into the mess we're in today.
2. I hate the wall street fraudster that duped the idiots aboved into going into debt.
3. I hate the Federal Reserve
4. I hate the Income Tax
5. I hate the two party system
6. I hate the fact that Independent candidates don't get any airtime
7. I hate the American establishment.
8. I hate debt and credit, two factors that got us into this mess
9. I hate our imperialistic wars abroad.
10. I hate how much our government spends

This isn't about hating America, it is about hating the way this country is, what is has become. We are a bloated pig that is about to be slaughtered. We don't follow the Constitution, we don't live within our means, we don't leave other countries alone, and to make things worse, our government is a Plutocratic Fascist Dictatorship. Why in the hell would anyone want to continue living in a country like that?

This isn't about running with my tail between my legs, I'm just a wise and practical man. Why stay and go through all the chaos that will result simply because Americans as a whole are ignorant? I guess all the people who have become refugees from war torn countries have their "tail between their legs to" simply because they didn't want to get killed by their government.

You do know they are building camps all over the U.S., they call them "detention centers" because as soon as they destroy your economy they know you will throw a fit so they need to have the military ready on standby...............you going to stay and try to fight the U.S. military, with their automatic weapons?

It will be a blood bath, Americans don't have a chance, our rifles and guns are not enough, the government has a lot of advanced weaponry like the Active Denial System, we don't have a chance. The smartest thing you can do right now is leave, if you have the money. If you don't............well, you'd better start taking some survival courses, and prepare to stand your ground here.

None of you guys who are attacking me can refute the claims I made, just as I predicted this would happen two years ago, I was right. Now, my next prediction, which I posted in the article in my previous thread, will come to pass. This $700 billion bail out guarantees the end. This country will be economically raped by the elite, and once they're done sucking this place dry like a vampire, they are going to skip town. You guys can't even come up with any arguments to refute my statements, because you know deep down inside that they're true.

America is an empire, it WILL fall, guaranteed. I don't feel sorry for Americans because as a whole they are partly responsible for this. We vote these guys in, we let them get in power, we vote in congress and they stab us in the back. Americans chose a financial lifestyle that was not based on thrift or frugality, but
greed. Americans are greedy as a whole, we thought we could borrow our way to wealth.............what a joke........

 

tesla, you are nuts. Gonna turn into some kind of vagabond carrying around your knapsack full of gold cursing at the illuminati, whoever they are.

 

Going offshore is not for everyone. In a severe recession people that own there own homes paid in full and that have savings should be o.k. if they tighten their belts.

However for someone that is free to move and could make money online going offshore in an economic downturn could be a good option.

Why sit in an apartment with no job using up your savings when you can buy a ticket to paridise.

American retirees have been doing this for years.

 

I would suggest you to relocate to Hong Kong!
Its one of the nicest places i have ever been, and economically its quite strong with china's backing.

 

If US economy collapses , China will follow.If you don't have debts and continuous expences the economic crisis won't effect you too much.The world is rich enough to feed everyone if people are not greedy.The problem is that the financial system passed the real economy and the balloon is losing air.

 

The markets are not looking good today. It will be interesting to see what happens at US open.

I am going into the city tomorrow to buy myself one gold coin (Krugerrand) as insurance.

 

Its in the mid to upper 400's on dow jones. I wouldn't be surprised at close its over 500 or even maybe 600.

The libor rates were going up too, a sign credit is tightening.


Just shows what me and many others were saying all along, this bailout plan is a failure. It actually does more harm than good in the long run.




You know america as a whole is to blame for this. Everyone on average is in thousands of dollars in debt, they were using their house as an ATM, they were driving cars they couldn't afford, etc.

 

Personal attack? hmmm.. interesting where?

Yes you might want to go to Honduras, probably a better choice for you. Although, you should try Cuba and get some cheap collage.

Try finding something you like about America - besides the money you make.

You shouldn't be worried about the camps, those are for the Christians you want imprisoned anyways.

How did you keep your mind protected from the chem-trails?

How will my laser work for defense?

Well, enjoy your billions of pesos while living in hiding in the desert.

P.S. wash your hands really good after cutting habaneros before you go to the bathroom.... darn it burns...

 

Yep, you're one of the few people in this thread who tells it like it is, unlike the individual that posted above me. Americans are to blame for this, I don't feel the least bit sorry for them, and I will not stay and fight the government and die for these morons. To stay and fight for these idiots is like signing up to go to Iraq to fight for Bush and Cheney, if you get killed, you just died for a lie, a cause that isn't your own. You would essentially be a pawn, which is basically what Henry Kissinger called our troops.

While I don't feel sorry for Americans as a whole, I do feel sorry for myself, that I have to be contemplating rushing out of the country due to an economic collapse and the martial law takeover which will follow. That is something I do feel sorry for.

I hear people on the Internet talking about "taking the country back." You guys go right ahead, I will play the skilled strategist, sit back, and watch the blood bath. You've got to hand it to them, the Wall street scumbags are master con artists, they make Ocean's 11 look like a bunch of amateurs.

If people simply followed the timeless adage of "if you can't afford to pay for it in cash, you don't need it," we wouldn't be in this mess, but human nature guarantees that credit, loans, and interest are here to stay. As long as it is easier for a man to borrow than to save, he will borrow.......and so depressions will continue. But I have to admit, I wouldn't mind getting into the lending business myself.

These guys just pulled off the biggest con of the 21st century so far, and it will be interesting to see if anyone can beat this record. I don't think anyone can, actually, a $1 trillion con is pretty hard to pull off..but we'll see, the Savings & Loan Debacle of the 1980s was a record for its own time.

Maybe my geography is a bit off, but I don't think any of the countries I'm considering has a desert.

 

anyone else find this thread to be a bit extreme,ridiculous, and ludicrous? The US has been through this before and came out fine, and it will again. Take that to the bank. We are still the most militarily advanced nation in the world, and most importantly we control the skies. Don't forget that.

 

China has cheap labor. Think about china

 

Cheap labor is definitely an advantage. But the government will keep an eye on you even when you're going at it with your girlfriend. That could be a problem.

 

Not really. Everything is possible. I agree with a lot of Tesla's assumptions. Better safe than sorry.

 

You're absolutely right, the U.S. does have the strongest military in the world.............and that is the precise problem, too much of our money goes to war and weapons. Instead of spending hundreds of billions on war, here are some more productive things our money could go towards:

1. Developing our railroad networks and implementing bullet trains which could travel across the country in just a few short hours(Germany and Japan has already done this).

2. Create a sophisticated dam or irrigation system which could bring water from either the Mississippi or the Gulf of Mexico into the Great Plain states(that would take care of the drought problems in states like Kansas). Having such an irrigration system means America's breadbasket gets plenty of water, which means Americans get plenty of food at low prices, and we can export our food overseas at lower prices. You'd think the geniuses in Washington would have thought of this, but they are too busy working on "non lethal" weapons.

3. Use Reverse Osmosis to produce clean water efficiently.

4. Invest in alternative energy technologies that are cleaner for the environment, and more efficient than oil. That solves gas price problems.

These are just four of the things we could do as a society if we weren't so busy spending hundreds of billions on war. Here is another things that you never considered: by the time the Soviet Union collapsed, it was a military super power just like the U.S. is today, with nukes and everything else. Being a military superpower doesn't guarantee that you are an economic super power as well. You can be one without being the other.

The U.S. military is a super power that is badly in debt. In fact, we have an account deficit of almost $1 trillion of I'm not mistaken, as well as a trade deficit. What good are 12,000 nukes if your country's currency becomes worthless, and the world will no longer loan you money? Just like the Russian, Americans will eventually have to sell their assets to foreigns, including potentially weapons. This is exactly how the Russian oligarchs became billionaires.

The Russian Oligarchs are the former managers of the Soviet government controlled companies that collapsed during the 1990s. These guys stripped these companies down and sold them in order to make a huge profit, that is why Moscow is home to more billionaires today than any other city. While the average Russian suffered, the owners of the firms sold them to foreigners and made a bundle. The Red Mafia took control of Soviet military grade weapons and begin selling them on the black market, making hundreds of millions.

The U.S. bail out is a repeat of what has happened in Russia. Basically, the Wall Street guys are going to get valuable assets for pennies on the dollar, then resell them to become billionaires. I call them the American Oligarchs, this bail out will create more billionaires while enslaving the rest of us.

The U.S. has been through what before?? The Great Depression of the 1930s took place in a different time, when the country was a lot stronger. Besides, the Great Depression was mostly "deflationary," meaning that the dollar was still valuable, they were just scarce. Today we face not only deflation, but inflation, or stagflation, which many are seriously saying could turn into "hyperinflation." This country has "never" experience hyperinflation before. It happened under the 13 colonies during the revolutionary war against the British, where the Colonial scrip became worthless, but since the U.S. of America has been established, this country has never seen hyperinflation.

The Great Depression is nothing compared to a hyperinflationary economic collapse, this country has never experienced it before, but there are plenty of countries that have. Those of you who don't believe me should research Germany under the Weimar Republic in 1923, and Argentina in 2001. The paper currency became totally worthless, people literally burned their money.

I need to do my weekly workout, so I'll come back and check this thread later.....

 

Wasn't it considered hyperinflation almost in the 70's?


When you say we face deflation and inflation, well you are right, but it can't be both I don't think. Its one or the other. I'm sure thats what you mean, but just want to clarify the discussion. Some thought we were headed to inflation but now with the economy down it might be headed to deflation. That is why bernanke is thinking of a rate cut.

But all these rate cuts and fed reserves manipulation don't mean crap in the grand scheme of things. It does more harm than good. Its better to let the markets sort things out then be in agony for many years.

 

[QUOTEWasn't it considered hyperinflation almost in the 70's?][/QUOTE]

The 1970s were bad, but it is nothing compared to the scenario I envision. At best, the U.S. faced Chronic inflation during the 70s, which is bad, but manageable. Hyperinflation, on the other hand, is a nightmare. I'll put it to you this way: hyperinfation is to finance and economics what nuclear weapons are to war, the end of everything.

Hyperinfation means a total economic collapse, where the dollar is essentially worthless. In this scenario, during a cold winter, it would be better to burn your dollars to keep yourself warm as opposed to trying to buy something from the store, because by the time you get to the store to buy what you want, the prices would have already risen. During hyperinflation, prices double roughly every 30 days, or something like that.

The mathematics of hyperinflation is complicated, but its effects are easy to see. Things become suddenly very expensive, even things that aren't normally pricey, such as bread and milk. And for those of you who argue that Germany came back from hyperinflation, you're dead wrong: the hyperinflationary collapse that Germany had led directly to the rise of Adolf Hitler, and the second world war.

Every country that has been hit with hyperinflation has never recovered. Argentina today is just a shadow of the country it was in the early to mid 20th century. In a country that once had a standard of living equal to the U.S., many people today live in shanty towns. I don't believe the U.S. can go through this scenario and come out as a world power, I firmly believe we will collapse like the Soviet Union.

The difference between the U.S. and Soviet Union is that the Soviet Union felled because communism simply doesn't work. Capitalism "does" work, but greed has to be kept in check, and certain laws do need to be in place so that we avoid the mess we're in today. For those of you not familiar with history, after the Great Depression, Congress passed The Glass-Steagall Act http://en.wikipedia.org/wiki/Glass-Steagall_Act , which forbade banks to get involved with investments, because of conflict of interest.

Well, guess who pushed for the Glass-Steagall Act to be repelled: Yours truly, Treasury Secretary Henry Paulson. And lo and behold, the country today is facing the same crisis that it faced in the 30s, AFTER we got read of the Glass-Steagall act, and we gave $700 billion to the man who had the act removed! Ah never mind, most Americans don't even know about the Glass-Steagall Act...

With the current economic crisis, some are questioning capitalism itself, questioning whether or not the system works...........it does, but what we have today isn't true capitalism, but a plutocratic facistic dictatorship, where governments form a partnership with corporations, and corps pay the gov to pass the laws they want, just like Wall street paid off members of congress to pass the bail out. Think about it, the Glass-Steagall Act was overturned in 1999, and almost 10 years later, we face the same threat we faced in 1929, the situation is obvious, we should have never allowed this act to be repelled, it gave banks a blank check do what they want, the current crisis we face today is EXACTLY why Congress originally passed the Glass-Steagall act.