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

Oil may fall to $70 by April 2009. But may increase to $470 by 2015.

Short term there is going to be some price deflation even though we are swimming in dollars. The issue is that many of the dollars are in Japan, China, Europe and Gulf States, and not where they are needed.

Interesting that the Rupee is now 48 to the dollar. India is heavily dependent on outsourcing. Wondering if there is a connection.

http://www.marketwatch.com/news/sto...x?guid={13EDF574-BE5D-4CD8-A80F-3D5A09A7F8E5}

 

German and Japan are much smaller countries with a larger population density than the USA. There it's worth the infrastructure.

In the USA with cheap oil (cheap cars and especially cheap airfares) it didn't make any sense. Distances are much bigger, so you have to invest too much in infrastructure, compared to the number of people that would use it.
A train ticket to go from NY to LA would probably cost 100 times more than a plane ticket for it. No-one would use it.

The only reason it's a success in Japan is because there are soo many people and not enough roads, not enough cars. People have to take a train because they don't own a car and if they did they had no space to drive it.

Germany (and the rest of Europe) invests a lot in trains too. A train tickets costs about as much as an airplane ticket. The difference is that a plane brings you to outside a major city (ie Heathrow) and it takes you another hour to get into the center, whilst the train stops right in the center.
That's about the only reason why trains are popular and people pay almost as much as an airplane ticket..

What gas price problems ?
As long as people are still able to drive, oil companies (and their stock holders) make large profits. They like it this way and have no problem.

Oil companies already invest in alternative energy.. once oil runs out, they will sell us something else.

Only if oil becomes so expensive that half of the USA population leaves its car at home, then there is a problem. (or not, as demand will drop and catch up with supply, stabilizing prices again)

Having nukes is good to tell your debtors you still are powerful, and can make sure the world will still loan you money...

Military and economic superpower are indeed not the same.
But you are always better off being one of the two.
Having no economic power and no military power is much worse..

> 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.

What you are missing in all your complot theories is that a depression will affect everyone. You think it's set up by a small group of people to become more rich ???

Believe me, those rich people were much better off by allowing internet/housing/stock bubbles to grow even more. That made them rich.

A stock market crash/depression/.. in the usa will affect everyone in the world. The small group of rich people can and will also loose a lot of their investments. Even if they move abroad they will still lose a bit (don't know if it will affect their style of living though).

Whilst it's true that the USA has never had a large debt like now and it's not ideal, it may not mean it's the end of the world.

On thursday some things may change - so we'll see on friday or next week how bad things will become.

If you are really panicking you shouldn't be talking here but should be doing something.. did you already ask for a visa, book your airplane tickets, .. ??
Or if you're going to stay, did you stock up with food and other tangibles ?

 

All true and if it becomes that bad in the USA - the rest of the world will follow. So no matter what country you run to, hyperinflation will probably follow you sooner or later..

The only way to protect you is to learn about how people are coping with it (in Argentina, Zimbabwe and other african countries, ..).

It will be a large change in lifestyle. Be sure you (and your family and friends around you) can deal with it - mentally and physically.
Don't panic but prepare.

The best solution seems to become self sufficient. Become as less dependant on anyone as you can.
Food and water are the most important things you need to survive.
Stock up - do you have enough to live a week, month, year ?
Grow your own food. Do you have a garden ? Tools ? Seeds ?

Learn new skills so you can have one or two or more other jobs that people need so you can still earn money or provide services and trade for food or other tangibles.

 

To OP , you should also consider the climate could become extreme in many parts of globe , sea levels are rising , which could make your dream islands vanish in few years , all countries are going to face acute shortage of basic ameneties in few years which will cause civil war and at time of civil war foreigners were not spared anywhere .

So stay in USA , stay safe.

On top of that it is predicted on 21st december 2012 , some asteriod/small planet will fall in atlantic ocean , now if that happens , the number of countries which you can afford to choose will be reduced to may be zero

Read history , whatever civilization flourished also got destroyed in few hundred years. So if that happens in our lifetime it is just unfortunate , if it happens after 50 years who cares .

 

Your suggestions for staying are ridiculous, the islands my go underwater due to global warming, and an asteroid might hit in 2012, neither one of these explanations has been scientifically proven.

Becoming a perpetual traveler takes planning, need to read some books and pick a short list of countries then do side-by-side comparison to see which one is best. I don't won't to rush, haste makes waste, besides, I have unfinished business here in the U.S.

No it won't, Warren Buffet, Donald Trump, Bill Gates, John Travolta, 50 Cent, these guys won't be effected by a depression, at best they will simply leave the country and go to an oversease enclave and sit tight until the shit blows over.

And Yes, I do think this whole economic crisis is all about making a few rich, just like the Great Depression was. Did you read my previous posts? I linked to an article on Wiki about the Glass-Steagall Act, which Congress passed in the 1930 to regulate banks and keep them from being involved in investments, and vice versa. In 1999 Henry Paulson, now our Treasury Secretary, who is connected to Goldman Sachs, pushed for the Glass-Steagall act to be removed. Why do you think it is, so that the banks and Wall Street could make a killing, now they just got a $700 billion bail out.

IT IS a conspiracy, a financial conspiracy, everyone who reads and knows their history can tell this whole thing is a set up, a grand con, designed to keep the ignorant masses in perpertual poverty.

None of these solutions matter if the government declares martial law as a result of riots caused by an economic collapse, you will either have to fight looters or the government, most likely both. If you fight the government, they will win, trust me. The government is bringing back troops from Iraq and setting up camps in this country for this contingency, not a single person in this forum can prove me wrong on this. They are getting prepared for the civil unrest which will result once they destroy our economy. Staying in the country right now is like staying in New Orleans during Hurricane Katrina, it is foolish.

You know what else? I think some of the people in this forum(and in my personal life), are advising me not to leave because of envy. They are stuck here, tied down to a sinking ship, and they don't want to believe this country is about to fall. If they were positioned like me, they would leave to.

 

Buffet, Gates, and 50 Cent in the same sentence - thanks for the laugh.

 

Bill Gates and Buffet have more than 50 cents, so what? Does it matter whether you're worth $100 million or $60 billion, my point remains: neither of them will be effected by the depression. They all have one thing in common: they are all rich enough where they couldn't spend all the money they have in a lifetime......they are all more wealthy than most people on the planet. 50 cents sucks as a rapper, but he is a great businessman, maybe he will become a billionaire one day.

 

That's what MC Hammer thought. Anyway, I have let most of your other nonsense in this thread slide, but this just sounded too funny as a read it. You can continue to think whatever you like. I am not interested in starting a serious discussion about the financial wherewithal of 50 Cent.

 

Even the day that bread costs $100 comes,
the government admininstrator will print more us dollars and let the people to have enough money to buy breads.

If you want to migrate to other country, Australia, Singapore, Hongkong are very good choices. You don't have to learn any languages.

 

[QUOTEI am not interested in starting a serious discussion about the financial wherewithal of 50 Cent.][/QUOTE]

50 Cents is worth over $100 million. How much are you worth?

 

He goes by the stage name "50 Cent" not 50 cents. I am worth 2 bucks.

 

Most people will be fine in the US as long as they don't life in the trouble spots.

People with a day job may see their unemployment benefits extended for up to 2 years. However, a bad economy will really be tough for self employed people that have less money coming in. Many unemployed people will be forced to use up their bank accounts and will be on the street when the accounts are depleted.

 

I think self employed people are safer than those who have day jobs. Most freelancers have dozens of clients, which is dozens of sources of income. A person with a day job gets their income from one source, so if they lose their job, they've lost their primary source of income. Personally, instead of sitting in an apartment depleting up your savings during a crisis, you would be better protecting your assets by allowing yourself to become homeless. If it gets that bad, I would concentrate on food and drink, and avoid paying rent, I would never continue paying rent in a situation like that. You would be better holding your money and living in a car.

You know Bogart, I think I will go to DR. I've been doing some reading, and though it is more expensive than Honduras, it is safer, and one of the last great real estate bargains in the Carribbean. There are houses there that it wouldn't take me long to pay off if I decided to rent to own. I looked up the term "banana republic," and I didn't like what I read. It is basically a kleptocracy, where the government steals from the people. I really don't want to spend too much time in a country like this.

I tell you one thing, having specialized skills can allow you to survive this Deression, especially digital skills. Entertainment will not die during a depression, I know a guy who owns a nightclub, the only one in town, he will sit pretty through all of this. Movies and entertainment will still make money.

 

And do you think they (or another small group of people) actually planned this and want to sit tight somewhere ?
Even if they have money enough, do you think they want to hear 'you lost 99% of your wealth, but the remaining 1% is still enough for you to live for the rest of your life comfortable' ?

Imo: no. The group of very wealthy people is ambitious enough to still go to work every day (although they could've retired many years ago) because they like doing what they do, because they want to get more rich.
They like the situation like it is. Even if they have a backup-plan, they like it much better when things are 'normal'.
Do you think 50cent wants to go to a small island where no-one knows him, or do you think he wants to be in Hollywood, go to nice parties, get on tv, ...
Do you think Bill Gates wants to give up Microsoft ?

What's happening now is not the result of a conspiracy. Because a conspiracy would mean that a few powerful individuals planned to let everything crash and become rich.
What we're seeing now is the result of capitalism and individual greed.

> And Yes, I do think this whole economic crisis is all about making a few rich,
> just like the Great Depression was.

It's not because some people became better off, or were smart enough to profit from the situation, means they planned it.

Whatever event happens, no matter how bad or tragic (even 9/11), there are always a small group of people that will see an opportunity and take advantage of it.
This does not mean they planned it or they were behind a conspiracy.
It just means they are more greedy/powerful/smart/ambitious/.. to take advantage of any situation without having regard to the bad situation of others.

> Why do you think it is, so that the banks and Wall Street could make a
> killing, now they just got a $700 billion bail out.

Yes it was so wall street would make a killing. And they did the past 10 years.
It was not because they planned for the us government to bail them out now.

> None of these solutions matter if the government declares martial law as a
> result of riots caused by an economic collapse, you will either have to fight
> looters or the government, most likely both.

Read survivalblog.com like I pm'd you..

Martial law will mostly affect people that live in cities.
If you move where no-one finds you (even in the usa), you can still live on your own.

The usa is a much bigger country than Iraq. The army can't control everything there.
There are certainly not enough troops to control the whole of the usa. Cities ? yes. But there will be enough parts in the usa where there are no troops available for many miles around, or where you can hide so no-one finds you (or knows you're around or wants to put any effort in searching for you)..

> The government is bringing back troops from Iraq and setting up camps in
> this country for this contingency, not a single person in this forum can
> prove me wrong on this.

Maybe because no-one heard of this happening ? (I certainly didn't)
Do you have proof ? Have links to recent articles on newspapers ?

> They are stuck here, tied down to a sinking ship, and they don't want to
> believe this country is about to fall.

Most people indeed don't like change, or want to think their nice safe world can collapse.

 

DR is worth a shot. I know a guy that had a house there. He built a small mansion on a beachfront lot. The problem was that the lot belonged to his Dominican wife and he left her for a Honduran girl. Property in DR is expensive. Howver, with the low cost of labor house prices aren't too bad.

 

Yeah, DR is expensive Bogart, but I found some condos here that are rock bottom cheap. These would fall under the category of what I'm looking for:http://www.dominican-republic-real-...ondo/Apart&bed=0&bath=0&price=0&search=Search

The monthly payments on the properties I linked to would be chump change. I'm thinking of calling these guys first thing in the morning, a deal like this won't last long. I have a lot of information to absorb, I'm reading a book on Micron Econ right now but I think I will pause reading this to start heavily researching these countries.

 

You don't want to live in the Sosua or Puerto Plata area, you should go east to Las Tarrenas - lots of Europeans there and probably fit you better, just won't have as many, or any condos because of the area.

BTW, I am just playing with you. I wouldn't care if you were my next door neighbor as long as you didn't seek to harm my family. In fact I would invite you over for coffee or dinner. Just thought it was funny the area you are looking is the same, it isn't that big of an area, about the only spot of the island that gets waves (for surfing)

 

50 Cents is worth over $100 million. How much are you worth?[/QUOTE]

His net worth is probably <$100 and his opinion 0! Tesla don't let some clown get to you. You have the right idea in planing ahead for a worse case scenario. You get to have the last laugh while those who ridicule you will be contemplating suicide.

 

I recommend the great country of Iceland. You will soon see 50 cent there and you will be invited to his parties.

 

Mexico baby!