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A very easy solution to this: Go live in a cheaper country. Go now, before the heavily debted countries lock down money transfers (In which case, buy gold/sil
by startuprules 16y ago
A very easy solution to this: Go live in a cheaper country. Go now, before the heavily debted countries lock down money transfers (In which case, buy gold/silver)
- wallflower 16y agoOff-topic but don't you think that the owners of that debt have a slightly vested interest in avoiding complete collapse/keeping the system going, even if it is barely functional to get some of their ongoing interest payments? Or will the environment rapidly devolve to: http://ferfal.blogspot.com/ http://ferfal.blogspot.com/
- startuprules 16y agoI agree, but just like a bubble crash, when one major party loses confidence and sells his stake, all the other parties panic and sells as well.
- rortian 16y agoHow does crazy paranoid stuff get up-voted here? Very Sad. Cheaper countries can be fun, but there's lots of downsides as well. If you are asocial, it could be your dream to live there. I'll always want a vacation there, but not to live there.
- harscoat 16y agoBerlin is pretty social ;)
- rortian 16y agoI concur. Not known for being super cheap I'd imagine though.
- startuprules 16y agoI have a feeling you've never traveled to other countries. How sad.
- rortian 16y agoLol. I'd upload my passport but that's silly. Europe is not exactly cheap.
- startuprules 16y agoEurope includes such countries as Iceland, Ukraine and Romania
- rortian 16y agoMeta: I say something else. You retort something unrelated to your absurd initial declaration about the soon to disappear money order (I assume that wire transfers will have to go to). This level: I'm done.
- loewenskind 16y agoffs man, I'm with you on the US not being the place to be at the moment but Romania??? If you're going to call someone out for not being traveled you should at least avoid listing places you clearly haven't been to yourself (if you have been there and still recommend it then you have some pretty low standards. Don't expect anyone else to adopt them on purpose).
- mixmax 16y agoActually it is. During the cold war it was split between East and West, and when it got reunited there was a lot of cheap condos, stores, etc. in the East, and lots of entrepreneurial Germans in the West. The combination is a cheap city full of life. If you have the chance you should definitely go check it out.
- rortian 16y ago
- GFischer 16y agoIt is a bit paranoid, but then again, you've never been in a country that locks down money transfers, right? You still believe you can emigrate anywhere. It's currently unlikely, but I suspect the U.S. could implement that much faster than you think if it keeps going downhill. It already implemented a ban on holding gold in the past, for example ( http://en.wikipedia.org/wiki/Executive_Order_6102 http://en.wikipedia.org/wiki/Executive_Order_6102 in place until 1974 ). It's not the scenario I envision, but thinking "The U.S. would never do that!" is naive. By the way, I believe the original post had a reasonable suggestion... you could live like a king for your lifetime in, say, Uruguay or Costa Rica with 5 million (and those are reasonably safe countries). Yes, emigrating is a quite hard decision, but it is a possibility.
- rortian 16y agoKeep in mind that 1974 was 36 years ago. I am working with a very different model of the world than you are I think. Capital controls exist in the world and some are quite harsh. However, no serious person is even close to advocating them (for wealth nations like the US). What problem do you imagine they would solve?
- loewenskind 16y agoI have a counter solution: go to a more expensive country to live. Things will cost more but the pay will be higher. It's probably going to have a lot of other advantages as well. You never want to be in a race to the bottom.