muses of the moment

July 27, 2012

Goodbye America

Filed under: Odds 'n ends — totallygroovygirlfriday @ 3:57 am

Burning Platform posted this letter from a friend on his website. Click here.

One note: groovygirl read (somewhere, sorry, it was a while ago) that China’s upper middle and wealthy classes were considering leaving China, believing that their wealth could be taken away by the government. They want to come to America, believing their wealth will be better protected here.

Groovygirl is not sure if every country is not caught in the oligarchy trap. The next question is: is a foreigner and his/her wealth and rights treated better in another country?

So, where is the safe haven country?

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6 Comments »

  1. it seems Martin’s point of how the outer nations fall first and then the main (reserver currency nation falls last ) points to the fact that you must wait and see which nations fall and start to come back to more capitalistic society — then make your move if you wanted to….

    Otherwise you will be jumping out of the pan and into the fire… ( look at how much the world has changed in the last 3 years — how many people put their money into europe and latin america… — what are those investments worth now? )

    The BRICS are falling apart —- America is the best ( currently )

    It seems maybe — the world problem is population (peak everything)

    Comment by madmax — July 27, 2012 @ 4:44 am

  2. I have pondered this question and came to the conclusion there are some countries worth starting your DD on. Singapore comes to mind since the economy is strong, low taxes, and more transparency vs. America. HK is another country that comes to mind but then again isnt the HKD tied to the USD?

    Comment by SilverOrGold — July 27, 2012 @ 2:19 pm

  3. Hi GG,

    Some commentators suggest Canada offers comparative stability. I disagree. Economic trends just affect America sooner. Canada’s top in real estate is finally undeniable just this summer, although bubble centers continue to swell, thanks to poor regulatory oversight and foreign (including Chinese) gaming of the system:

    http://opinion.financialpost.com/2012/05/04/taxpayers-also-victims-of-hot-money-behind-canadas-condo-bubbles/

    Compare this with Italians and Spanish bidding up real estate in the UK, ostensibly in pursuit of safe haven, and despite grim British fundamentals. It makes as much sense. Corruption across the entire system — all jurisdictions, all agencies — is so extreme that trust is eroded in traditional gauges and patterns identified during past boom-bust cycles. Some of the new containers where capital is flowing and hiding are so exotic that we only know them as “Shadow Banking.” The Dutch Boy metaphor (using fingers to plug leaks in a dam) is inadequate. We are close to maximum complexity and loss of confidence, and I don’t think anybody can predict with certainty where the best place will be to live. The entire system is buckling, with threats of war and disease and other complications. To say that Country X or Y is consistently and meaningfully ‘better’ seems a gamble.

    Mobility should make some difference. Maybe plan to move more than once, as priorities and local conditions change. I read somewhere that illegal immigration across the Mexican border recently reversed. Where are the elites buying up property? Dollar Vigilante recenlty praised Paraguay and Cambodia. I’ve heard others praise Costa Rica. The entire Western world is drowning in debt, and the rest of the world looks to us for consumption to maintain their manufacturing.

    Maybe look at this in a different way: regardless of which country you choose, avoid urban centers, especially downtown cores, which will likely become focii for crime and tragedy. Consider the delayed effects of large numbers of highly system-dependent people in a small area, aka “densification,” in time of crisis. I know from experience that emergency government services are neither timely, nor reliable, and hardly fair. Be armed. Stockpile things that you purchase ordinarily, anticipating shortages or complete breakdown in supply chains. Cultivate important basic life skills. Learn the lessons offered by Dmitri Orlov, FERFal and others who have been through big SHTF episodes in the past.

    Anything useful here? Experts are addressing these matters regularly.

    Comment by Lore — July 29, 2012 @ 1:46 am

  4. Addendum: There are more than 100 million new millionaires in China. The middle class in China is growing like CRAZY. They are NOT moving to the US in the fashion that is being portrayed. The government is buying bullion like crazy and actively encouraging the citizenship to follow suit. Compare this with the situation in other nations.

    Comment by Lore — July 29, 2012 @ 2:06 am

  5. Australia is the safe haven of the world, New Zealand not far behind. Australia will continue to benefit from the emerging SE Asian countries, even if China has a slowdown.

    Peter (aussie)

    Comment by Peter — July 30, 2012 @ 4:24 am

  6. No offense to you Peter, but don’t you find that Australia is deep in the globalist clutches of Agenda 21?

    Comment by Lore — July 31, 2012 @ 5:31 pm


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