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

Jim Rogers is a great commodity investor but the best investor overall is Warren Buffeft who this week make a 5 Billion dollar investment in Goldman Sachs. If the financial system was going to fall apart why would he make such a big investment in the financial system.

 

The terms on his GS deal was so good he would of been an idiot to not take them up on it. The deal was more of Goldman saying, "hey look at who is investing with us", rather than Buffet saying, "I think this is a good value play". Buffet stands to make some good coin from this deal.

The whole financial industry practically hinges on confidence. If there is no confidence in your bank your going under. Goldman is trying to build its confidence with an "endorsement" of sorts from the almighty Buffet.

And Jim Rogers wears bow ties.

 

Did I ever say it wasn't a good deal for him, but you know that Buffet would never have invested in Goldman if he thought that the financial system was going to fall apart

 

The world economic system will never return to precious metals, at least not until the Illuminati is overthrown. The elite want us to continue using paper money and credit so that they can manipulate us and control us, this is one of the reasons why we're in this economic mess right now. Gold and silver is the money of a free nation, paper and credit is the money of a slave/debtor nation. The rich will buy up most of the gold and silver and leave us holding worthless paper. The only way that we can return to hard money currency is at gun point.......literally.

To understand why I'm saying this, you have to know a bit of history. The Chinese was one of the first to use paper currency, and it became worthless within a couple hundred years of its introduction(during the Sung dynasty I think). Anyway, the Chinese originally outlawed paper money, but returned to it after the arrival of the British. My point is that gold and silver has a true intrinsic value. Credit can easily be keyed into a computer, and paper money is printed out of a machine. The top bankers and elites know this, they keep stupid Americans in the dark, controlling them with worthless money they create out of thin air. I always laugh when rappers flash paper and rap about their "paper stacks," yeah, soon to be worthless paper stacks. 50 cents, Ludacris and Jay Z should start flashing gold and silver coins.

Meanwhile, they elites themselves hold the gold, land, silver, real estate, you know, real assets. This is what separtes the millionaires, multi-millionaires, and billionaires from the common man: they understand where true wealth lie. While the average dumb ass American is out buying Ipods, big screen tvs, and cars, the billionaires are buying land, gold, silver, businesses, Monet paintings, anything that has TRUE value. In addition to this, the Elite always pay for things in cash, never on credit. No self respecting elite would ever have to pay for a house through a "mortgage." They always buy houses and mansions in cash.

The people in this forum who make fun of me continue to believe in paper money, in their governmet, in the system. Hahahahaha! Just wait and see what happens if the Wall Street snakes get their bailout, they are going to collapse the dollar and leave the country while you guys starve.

The CEO of WAMU has only been on the job for a few weeks, and he is now about to bail out with a multi-million dollar package. Those of you who laugh don't know history. You don't understand that governments will print and borrow money to pay their own bills, then leave you and I holding worthless paper notes. Will Spencer disagrees with me on a lot, but why in hell do you think he started a thread asking what country to move to!? Because he knows what I know, that this shit is about to collapse!!!!!!!!!!!!

Mia, Debunked, you guys keep right on joking. Just as Noah warned everyone around him that the flood was coming, and nobody listened, and then he got in the ark and shut the doors, and then nobody could get in, and then it started to rain, and they all died, just like this Biblical legend, the flood is coming again. I strongly advise you guys to get in the Ark before the shut the doors, because once the doors are closed, they aren't going to be opened again anytime soon.

Ron Paul has recently come out and said that if they succeed with this bail out, the U.S. faces a ten year depression.

Umm, this isn't a duplicate thread. A duplicate thread is when a thread is..........well, duplicated. Will Spencer and I are two different people. Besides, the thread he started is old, and circumstances have greatly "accellerated" since then.

Mia, you and debunked are still making fun of me? Neither one of you guys posted any good suggestions for countries to move to, which is why I started this thread. Have you guys got around to buying any gold and silver yet, or are you still holding on to those rapidly deteriorating dollars?

Doom and gloom Mia? You're right, there is doom and gloom, but it hasn't really kicked off yet. Just wait and see what happens if these guys get their bail out, then you will see some real doom and gloom.

EUREKA! Of all the suggestions made so far for potential countries to move to, this is the best. It is an island, it has hot girls, a reasonable standard of living, I didn't think of Fiji. I will definitely start researching this now. I appreciate the advice, Fiji sounds very cool indeed. They also allow for warez and pirating? Damn. Hey, how can one go about becoming a citizen?

Sure........I'll make sure the door doesn't hit me.

I'm not sure. How did Buffet invest in Goldman? Is he betting that the company will fall? It is possible or an investor to make money off of speculation that a company will fall, just as he can speculate that a company will rise. Warren Buffet flip flops a lot. One minute he says the economy is doomed, the next he says it may not, then he invests in Goldman. What I do know for certain is that Buffet is protected in the event that the system goes to shit, $60 billion spread in many assets protects you very well. But so many experts are now saying the system is doomed that even if Buffet is optimistic, he is in the minority.

One thing that I should also note about Buffet is that I don't really trust him. I respect his investment genius, but he is connected to Arnold the Terminator and the Rothschild family, and anybody cuddling with these guys can't be good. Personally, I don't give a damn how rich Buffet is, I wouldn't listen to anything he says in regards to this crisis. Listen to people like Rogers, Ron Paul, Joseph Stiglitz, and Paul Craig Roberts. Yes, these men may not be as rich as Buffet, but it is always a bad idea to take financial advice from someone just because they are rich.......

 

I just got this info from Wiki on Fiji. This country had a coup about two years ago. Are you sure this country is safe, and things have settled down? Finding out about a coup that just occured two years back makes me scared to relocate here.

 

I do know it will all work out, just not exactly how it will all play out. It is certainly possible that the economy will resemble the great depression, but I would not want to live anywhere else in the world. I've never been that money orienated, and am not particularly afraid of being poor. This may seem like a crazy question Tesla, but why don't you just buy some land out in the country somewhere in America? You could grow much of your own food, and have income coming in from your Internet ventures. With the housing market and economy out here, your living expenses may not be any different than many of the foreign countries you might move to. Just a thought.

 

Tesla, you believe this is bad, then you should watch for the coming energy crisis. There will be no internet as it is now... Hurricane Ike and its aftermath has shown us a glimpse of what should be expected when he energy crisis hits...

I suggest you could consider two countries
1. Sri Lanka - The cheapest country in the world, where you can afford very high standard of living with very little money

2. New Zealand - The main reasons... Plenty of rainfall, very little population, and you will be safe there from food riots that are coming our way...

 

It is also one of the most dangerous places to live in. The Tamil Tigers can can attack any place, any time they want. And the Sinhalese soldiers constantly attack Tamil civilian places and add fuel to the fire. In short - you are not safe - AT ALL.

 

One can try Scandanavian countries like Norway(earlier it too had experienced sub-prime problem), it's very rich and peaceful.

 

I'm not sure what you mean by "it will all work out." You do realize that the situation this country faces it not a "recession" but a massive economic depression which will at best match the Great Depression, and at worst wll supersede it? Regardless, the U.S. is an empire, not a republic, and if you read the history books, you will find that most empires end very horribly with lots of blood. Thomas Jefferson predicted the precise situation we face today with the following quote:

1. “Paper is poverty,… it is only the ghost of money, and not money itself.”

2.

Everything that Jefferson said has come true. Banks and corporations are depriving people of their liberty, and things will "work out" alright, for the rich bankers who started this mess, if that is what you mean. The guys who are behind this mess will make like Lou Pai of Enron, they will marry their stripper girlfriends or get their trophy wives and get out of here on a private jet while the country collapses. Yes, things will work out great for them..........

Rebecca, the only reason you say this is because you probably don't know "true" poverty. But then again, most people in this country don't. After all, we have running water, shelter, food, the basics. In this country, if you just have the basics you are considered to be poor. But to people living in Haiti, who are eating mud bricks, even the basics that Americans have is a luxury. You are not afraid of being poor because you don't know what real poverty is, I'm talking about third world African or Latin American poverty, where you don't have clearn water, where there are no doctors to help you if you get sick, where the increase price of food causes you to literally starve. That is "real" poverty, where you are lying by the side of the road with your skeleton showing dying of starvation and thirst, too weak to get up. If that doesn't scare you, I don't know what will.

I recently read a book which indicated that depressions happen in 60 year and 500 year cycles, and I agree, because I thought about calling my grandparents to ask how they lived and survived during the Great Depression, but then I realized that my grandparents were babies during the Great Depression! My Grandfather was born in 1927, so he was too young to really know what it was like. What this means is that anyone who was old enough to remember it vividly is probably dead. Our generation has forgotten the Depression. We read about in school, but we don't really know what it is like to suffer. But generation X and Y is about to find out, but by 2080, a new generation will be present who would have forgotten about the depression we are about to go in, and the cycle will repeat itself.

dumb ass humans never learn.....................the history books show us what has happened before, and what will happen again, but no one reads any more, and as Thomas Jefferson said:

If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be.

Money makes the world go around. It always has and it always will. Even if you aren't oriented to money, it pays to know about it, to study it and read it, at least so you can avoid becoming victim to the fate that befell millions of American borrowers. Jefferson is right, many companies today are so large that people don't even know who they're working for any more. That is terror, terror built into the system.

Many people have proposed me buying land and property here, but the problem is, the land and property is overpriced(real estate prices are still ridiculous in many parts of the country), and the government can take your land whenever they want for taxe issues, or through Eminent Domain. If we lived in a truly free country, where I knew I could keep my land if I purchase it, I would definitely consider it.

But I believe that we will experience massive civil unrest as a result of this financial mess, and at best, if I stay here I will need to be in some remote area, where I can get what I need but where I'm far away from major cities.

It pisses me off that I have to even think of leaving the U.S. I was born in this country, it is the only thing I know. The fact that I'm thinking of leaving because millions of morons wrote checks their asses couldn't cash makes me very angry. I hate the Wall street bankers and I hate the stupid Americans who fell for this shit, both sides are to blame, but the bankers are the lions at the top of the food chain. I wish I was older with more money and residual income from various business ventures so could leave with more ease, but I'm not there yet.

 

No Tesla, I didn't realize our best case scenario is another Great Depression, but worst case scenario is that we will all be skeletons lying in the street in six months (with our bones probably being licked clean from starving dogs). Perhaps the difference between us, is that I read the news about the economy from more mainstream sources, and you may possibly get your news on the "we are doomed and are all going to die" network. I guess I'm not afraid as you, because I am resigned to weather it out. I have faith in our countries ability to pull through this crisis, I just do.

 

I read in the few first replies that Australia is the best place, at the minute its the same as America, plus because your American the cost of petrol is outstanding over there.

You pay like $4 a gallon, in the UK we pay about $10 a gallon.

However, everywhere in the world is being hit by this, I work for a supermarket chain called Sainsbury's in the UK, in relation to sales have dropped, even though figures are up, its just the cost of living. A pint of milk 44pence, which is about 90cent in America.. Just becoming so expensive.

My parent's mortgage finishes is in a years time which is good, however there commuter bills are increasing by £200+ a month because of the cost of petrol in the UK. Wherever you go, you will be affected, its the banks which have helped to push this crisis.

If your orignally from America, its the best place to stay because the cost of a flight will blow your chances of migrating out of the water.

Although I'm sure whatever your final decision, it will be the best one

 

For a guy like you Tegucigalpa would be a great place. Tegucigalpa is the capital and has everything. Tegucigalpa is 2 hours by plane to either Houston or Miami. It is also only one hour from the Pacific Coast driving. If you could make $2000 a month online as you have said, buying a small house in nearby ciities that are still cheap and expanding will be eaisy. Comayagua has an Internation airport and houses are cheap. San Lorenzo on the Pan American highway is cheap and is a port city. Choluteca is nearby and larger.

Here's anexample of an apartment that you could get for $125 a month in the capital.

http://www.ngabrie.com/detalle.php?id=2410&id_ciudad=1&id_cate=3









For a guy like Nate that wants to go native, you will need some 'seed money' to slash a plantation out of the jungle.

If you go into the Patuca and go native you could make it with a small amount of money. Unless you have some military experience I wouldn't advise it.

http://www.condorjourneys-adventures.com/honduras_patuca.asp

Better to buy some land in the mountains in a coffee producing area. Good coffee land can be purchased for around $700 a mz. (approx 1.72 acres). If you plant noventa or lempira, the trees will start full production in 28 months. About 3500 trees per manaza is a good average. Coffee is usually planted in May and Oct.

With the help of one day laborer you should be able to prepare 2 batches of 20,000 seedlings in one year. A day laborer will cost you around $3 per day. 2 people should be able to plant 200 trees per day. Get yourself a couple of donkeys to haul the seedlings and crop.

10 mz would be a good start for a coffee finca or plantation. You can also grow bananas, platanos and fruit trees as shade. Malanga can also be grown to provide food.

Don't waste your time trying to grow corn. Growing corn is for poor people. A 100 lb sack of corn will cost about $10. 10 sacks should get you through the year an provide you will all the tortillas you can eat as well as maintain 50 chickens or so.

http://sidewalkmystic.com/Honduras_Coffee_fairexchange_organic.htm

Will's thread was more about what is the best country to relocate to without condieration for making ends meet. If you have capital and cash, it's easy to discuss which place is the nicest or the girls the prettiest.

Should it get bad in the US, I don't see the rest of the world accepting AMerican economic refugees. Most countries will tighten the restrictions and requirements.

Americans that have land and real property will be fine in the long run. The problem will be large for people paying high rent and mortgages. They will be forced to use up their savings and a layoff will put them in the street.

 

Thats the problem with this country, everyone gets their news from the "mainstream" network. Has it ever occured to you that the people providing your news are lying sacks of trash? I would rather get my news from an independent source as opposed to a news media backed by the very same corporations that got us into this mess!

Besides, my news comes from "reliable" sources, Nobel prize winning economists like Joseph E. Stigliz(whose book I read earlier this year by the way), Ron Paul(whose book I also read earlier this year), Paul Craig Roberts(another economist), and Jim Rogers(a great investor). These are the men I get my info from, and everything that I have said is a reflection of the exact same things they've said.

No, things are not going to be okay. I've read a lot of books on money and finance, I can tell you that we are heading towards a massive train wreck. 195 economist just came out and said that a $700 bail out will be a complete disaster. Ron Paul just came out and said that a bail out would lead to a ten year depression, so Rebecca, are you going to believe these men, or the controlled corporate media which is owned by the same billionaires and Wall Street dudes that caused this crisis? Come on, its a no brainer. I stopped getting my news off the television a long time ago...................

You say you have faith in our country's ability to pull through? Americans are so dumb that 1.4 of them didn't read a single damn book in 2006, and most of the people who did read used fictional books. 1.5 Americans don't know where the U.S. is on a map(I didn't believe this when I first heard it), and a large percentage don't know who the vice president is, what the three branches of government, or what year 911 is(I asked my roommate what year the twin towers were collapsed, he says 2002).

Most important, $5,000 in 1913 would be the equivalent of $100,000 today. This means the dollar is just about completely worthless, how much longer can the dollar be inflated before it become absolute zero? The mainstream news...............are you kidding me? Those guys get paid to lie and manipulate you. They will tell you everything is okay when its not, and they'll tell you that everything is horrible when it isn't(don't believe me, think back to Y2K, El Nino, and Global Warming, all a load of BS but look how many people were scared). Now, when a REAL threat is present, they tell you that, we will fix it, everything will be okay, just accept the $700 billion bail out and we can fix it.....................yeah right.

You see, I read books about elite, power, and strategy, books like The 48 Laws of Power, The Prince by Machiavelli, and The Art of War by Sun Tzu. There is nothing these slick illuminati controlled bankers and talking heads can tell me that I don't already see through. These guys are master manipulators who understand how the mind of the average man or woman works, but me, I'm not average, I think like the elite, I know how they think, trust me, they are lying and are setting this country up.

Bogart, Honduras sounds good in a lot of ways, I mean, the women are gorgeous, the monthly rental cost is a god send, and I'm in the process of learning Spanish. But some people in this forum have sent me PMs warning me that Honduras is a banana republic, that the people there could turn against me at the drop of a dime(who they might see as a rich outsider), and this makes me wonder if its a good idea. How stable is the government? I don't want to jump out of the fire and into the frying pan. Do you live in Honduras? Are the people there hostile?

 

The whole idea of going to Honduras is because it is a banana republic. I've never had people turning against me at the drop of a dime. My drinking buddy's brother ran for mayor of Tegucigalpa. Unfortunately he lost the election. I know people down there in the government and in the military and the people are pro-american. The US also has some small bases in Comayagua and Amapala. There's something like 1000 US troops stationed there. So it's not a Venuezela or Nicaragua.

I also own land down there and haven't had any problems. You need to research any purchase including a title search with the registro of propriedad. The land should also have either domenio pleno or escritura publica.

Just don't bring more money down there than you could afford to lose. If you have no attachment to the US and don't have a day job, there's nothing to lose by renting a cheap apartment and checking it out. Leave most of your money in gold or US bank account. Make your first investment small so that you can learn the ropes.

Tegucigalpa is the capital so buying a house there will be expensive. But renting is cheap.

If you want to buy a house look outside the capital. A house that cost $70,000 will be $50,000 in La Cieba, $30,000 in Tela and only $25,000 in Trujillo. La Cieba, Tela and Trujillo are on the north Carriben Coast and all have nice beaches.

Comayagua and San Pedro Sula are both expanding and have potential.

 

I think you can try Dubai island city. There are no taxes and ofcourse there are islands (artificial) and you can use USD very well.

pics here

http://future9.info/?p=11

But is the situation really this bad ? Can't be !

 

UPDATE: I just read that the $700 billion bail out just passed(of course it did, congress doesn't have the courage to fight the illuminati backed bankers, so the U.S. is about to head into the second Great Depression).

I think I've finally found my solution to the problem, I think I'm just going to become a Perpetual Traveler. Even if the economy doesn't go into the hyperinflationary scenario that I predict, becoming a perpetual traveler is cool and extremely prudent. I can rent an apartment in Honduras for as long as I can stay there without becoming a citizen, and I can use the reduced living costs to save a huge amount of money while working over the Internet. Then, once I'm done staying there as long as I can, I will take a trip over to the Dominican Republic, then live there for as long as I can stay without being a resident. By doing this I solve a lot of problems, such as:

1. Getting out of ground zero(the United States)
2. Keeping my American citizenship(I hate the direction this country has gone in, but I don't want to give up my citizenship)
3. I get to dramatically cut my costs of living and save a ridiculous amount of money at the same time. Since I'm making money from a country with a higher standard of living while living in a country that has a lower standard of living at the same time, I will live much better than I live here in the U.S., since the money buys a lot more.
4. With the extra money I save, I can begin investing in even more business ventures to build my wealth, and in just a few short years, I can easily buy a house in DR or Honduras without having to go in debt for a mortgage like millions of American suckers did.
5. I avoid taxes in the countries I live in since I'm not a citizen.
6. I no longer have to worry about outsourcing or people undercutting me in price in foreign countries. Since I will be residing in countries with a low cost of living, I can do freelance work, undercut my competition, live comfortable and save big money at the same time.
7. My Spanish skills will increase rapidly since I will be staying in countries where it is the official language.
8. Lots of gorgeous women in the Dominican Republic and Honduras.

Yes, basically I will become a perpetual traveler combined with using jurisdictional arbitrage. Yes, problem solved. All I need to do now is do more research and begin planning which country I want to move to first. Of course, I definitely need to stock up on more gold and silver. I also need to apply for a passport. By choosing to live an unorthodoxed life style, and will win the finance war once and for all. I think I may stay in Costa Rica and perhaps even Cuba for a little while.

Bogart, I just wanted to let you know that I appreciate your recommendation, and will be sending you PMs shortly with more questions(if thats okay with you). I also appreciate all the other members here at DP who contributed their great suggestions as well. You guys have given me a lot to consider and think about.

A flight to Honduras is pretty cheap right now(little under a grand after taxes), so I may plan a brief trip to there or Dominican Republic for a few days to get a feel for the place, then move back by this time next year and start being a perpetual traveler.

Here is what will happen now that the bail out has passed(I knew it would, this country is too far gone)

"The plan, bollixed up for days by election-year politics, would give the administration broad power to use billions upon billions of taxpayer dollars to purchase devalued mortgage-related assets held by cash-starved financial firms."

Translation The government has now bailed out the Wall Street criminals who were partly behind the crisis(I say partly because moronic Americans who defaulted are responsible as well), and now that Americans are going to pay to purchase devalued mortgage assets, these assets will be resold in private auction to special illuminati insiders who will basically get real estate assets for pennies on the dollar. The dollar will be hammered even more by the bail out, leading to greater inflation overall.

Congratulations, Americans just got conned in the biggest scam of the 21st century so far, but in a country where 1.5 doesn't know where the U.S. is on a map, and where many don't know what year 911 happened, this isn't a big surprise. The bankers who buy these real estate assets at the auction are about to become extraordinarily wealthy.

I will explain the scam in bold for those of you who don't get it: the government is going to rob you of your money in the form of $700 billion dollars so that the government can buy up the devalued real estates assets from struggling companies, then they will turn around and sell these assets to connected insiders for pennies on the dollar. Basically, robbing Peter to pay Paul. The struggling companies get billions of dollars, and rich insiders get assets for pennies on the dollar. How could Americans be this stupid?

 

Part of the reason the great depression happened is that money was cut off from the banking system instead of flooding it like its happening now. Also aren't you the one that advocating that deflation is good. Well then, you have your deflation. When home prices fall 50-60% in some markets, or just fall in general that's deflationary and what we are seeing is the effects of deflation.

 

PM me any time. A tourist visa is valid in Honduras for 30 days and you can renew for up to 90 days. You should be able to get RENTIST residency permit with income of at least US$2,500 per month from a source outside of Honduran soil (e.g., rents, deposits, bonds). Your online business should qualify with you as the business owner. If you get married down there then you would also qualify for residency.

I know someone that is flying in from Honduras tomorrow morning from San Pedro Sula on Taca and the fight is about $275 USD. You can take a 1st class bus to Tegucigalpa so it's a lot cheaper than paying $1000 USD.

You could also take a side trip out of Honduras to either El Salvador for a week or so to get another 90 days. San Miguel in El Salvdador is close to the border. Better is to go to Copan Ruinas 7 miles from the Guatemalan border. You need to see the mayan pyrimads anyway. From there you can take a trip into Guatemala for a few days or so that you can get another 90 days.

http://www.copanhonduras.org/aboutcopan.htm

The spanish travel agencies have the cheap Taca tickets which are cheaper than online.

 

Tesla,

If very many people over react like you are doing, then you are right ... we are headed to a great depression!

Basics Economics 101
There are 2 basics forces that drive the markets: FEAR & GREED

Yes, this is a serious matter and it is indeed scary ... but is that any reason to panic? I am proud to be an American and I have no intention of tucking my tail between my legs and running away!

WE WILL MAKE IT THROUGH THIS. WE ALWAYS HAVE!

Wow! Very well stated! If you're ever in the USA, look me up -- I'll buy ya dinner!

Amen!