This is likely the best advice. At this point, we don't even know if we will be able to travel internationally for some time --- let alone with the stability we enjoyed in the recent past.
Where is a free country/area?, where I can emigrate?
- Thread starter theanos
- Start date
-
- Tags
- coronavirus covid emigrate
This is likely the best advice. At this point, we don't even know if we will be able to travel internationally for some time --- let alone with the stability we enjoyed in the recent past.
Hypno
Crow
I think markets like the stock market or housing market will fluctuate and eventually have pullbacks, but if you mean our standard of living I think the gradual erosion will continue.
About 10 years ago I was talking to an Australian guy in a bar in the U.S. He was explaining to me that a lot of ordinary things are a lot cheaper in the U.S. Now, some of that is discrete tax differences - Australia has mega taxes on alcohol, as Europe does on gasoline. But he was talking about ordinary things like food and household goods.
I think that is the value of the dollar being the reserve currency. We can print dollars and pay for it and those dollars are never spent. But if they all came back on shore, there would be big inflation and our prices would rise.
The dollar is slowly losing reserve status and you are seeing inflation in the U.S. rise. As prices rise, the cost of living rises and the quality of life declines.
By the way, the answer to your question of old "Why do we even bother taxing" is partially inflation but mostly confidence that we can borrow with a straight face having revenues that are counted on (and bonds that people will buy as a result).
The real point, or the problem, is that the federal government was never meant to be gargantuan and spend us into oblivion, or hook our citizens for votes (at least our noble founders didn't want to do this). Like many other things that weren't in the original constitution (voting for all, etc) they all have led to slow degradation of what was once a fine country with a backbone, and moral (christian) foundation. Of course, that is rapidly vanishing as well, not a coincidence at all.
The real point, or the problem, is that the federal government was never meant to be gargantuan and spend us into oblivion, or hook our citizens for votes (at least our noble founders didn't want to do this). Like many other things that weren't in the original constitution (voting for all, etc) they all have led to slow degradation of what was once a fine country with a backbone, and moral (christian) foundation. Of course, that is rapidly vanishing as well, not a coincidence at all.
BeUnexpected
Chicken
Just a question because of my curiosity. Does it makes sense to relocate from Germany to Ukraine with 150k€ in my pocket ? thinking about to move somewhere because last years Germany really sucks... any ideas ??
poster153712646
Robin
Ukraine is corrupt hellhole ruled by the grapplers and just like in Russia you're easily scammed out of your shekels. Visit some time, talk to people, scope out the situation and ffs don't tell anyone you have 150k saved up unless you want to make yourself a target.
Hypno
Crow
You are correct, but its mostly a rhetorical question. I mean, if deficits don't matter, then why tax at all?
Hypno
Crow
I would not put it in a bank of a country like Ukraine either. Can you bank from Germany or Switzerland?
BeUnexpected
Chicken
Thank you guys. Hmmm than this maybe is not the smartest decision to relocate there.
there are many other countries besides ukraine though
Germany is a huge country with a ton of spaced out forest and fertile land. I'd recommend moving rural and getting into agriculture/shooting/etc. From what I gather there are sizable populations of red-pilled men living in the Wald in Deutschland.
Bank in Switzerland if possible to hedge against inflation.
Mark 2030 on your calendar. Personally I'd suggest being wherever you're going to be by 2023. Very seriously.
So you think turning inward will be an international phenomenon, huh? 2030 is the end or ... just the beginning?
But they do matter, the issue is complicated (though I see your point in principle) due to fiat currencies and the forex. It's a confidence issue, just like with the equity markets. Can anyone predict when those sell off? No, but they can gauge probabilities.
I have read in other places that the break point historically for governments is when their servicing of the debt becomes up to 40% of the yearly budget. Then the slide happens, and big. Just like with the US state pensions, there is a point where even the bigger fool theory ceases to hold, when mathematics (of not being able to keep this up any longer) is even that obvious to a layman.
Hypno
Crow
Yes, but another way to look at this is as follows. Lets say the U.S. spends twice as much as its tax revenues bring in. That is the same as saying that half the budget was raised by taxes, and half by depreciating the dollar.
The reality is that in 2019, revenues were about $3.5 Trillion, and spending was $.5 trillion, so taxes covered more than 75% of spending.
However, for 2020, revenues are forecast at 3.7 trillion while spending is forecast at 7.0 trillion, which is barely 50% of spending.
If we can finance almost half of our spending without taxes, then why not all of it? Again, this in intended as a rhetorical question, and there are limits on everything.
A related question might be, why not just have the Federal Reserve provide unemployment relief, interest free loans to businesses, loans to airlines or banks, foreign aid, fund a covert op like a coup in Ukraine or here at home. No congressional approval authorized, and oversight might be delayed by a year. (To be clear, I'm not saying that all of these happen. But the Fed did bailout the banks in 2006, and non-banks like Goldman and AIG, and non-U.S. entities like foreign banks. If they can bail out domestic banks, then they can bail out other sections of the economy. If they can give money to foreign enitited, then is there any limit on what they might do, from foreign aid to foreign covert ops)?
Vox Day has been talking 2033 for as long as I can remember. He recently revised to 2030 for the breakup of the United States and balkanization as the most likely outcome. I resisted this idea for years but now its clear the pieces are set up for the endgame and his theory has a good chance of being right.
I have no firm opinions on what it will look like (balkanization, etc). However, I doubt it'll be pretty.
Ultimately the only way to escape the mad house, is to find a rural location far from the madding crowd, be able to support yourself independently, &, bin your phone & do not have WiFi in your house.
But in these fractured times, that's a lot easier said than done. Community the world over has suffered massively due to the insiduous nature of these technologies. I genuinely fantasize about how life would revert to some sense of normalicy, the pace slow down, the previous decades' IRL interractions seep back into daily reality, without it all. I watch old series from the 90s and its like a dream world of possibilities without the ball & chain of the internet & its demonic cousin, the Smartphone.
I've long spoke of this to friends and they say 'well just done go online or use a phone'. Problem being that society itself has been warped by them. Whether i use them or not now, the damage has been done. The Tinderpocalypse has happened with or without my participation. I can go out and interract like it's1998, but the reciprocacy from others is still like 2020.
OP you dont say which country you are from - it's quite pertinent to have some idea of your nationality, racial and cultural background when determining the best location for you long term.
I have lived outside of my country for nearly a decade at this point. I ultimately wasted the first 5 years of the previous decade chasing skirt & the empty thrill of the ego validation that came along with it. Now i'm trying to make a place for myself for the long term, and licking my wounds from the damage the transient, vaccuous lifestyle i was living before caused.
Eastern Europe is still your best bet, especially as you state that your income would likely not exceed 1000eu. But the idea that anywhere is safe from the way the wind's blowing is a fantasy. It's all by degrees, and i would suggest not to obsess about the merits of one or other too much. Really there's not that much difference if you're living away from it all, certain geo-political scenarios apart.
But in these fractured times, that's a lot easier said than done. Community the world over has suffered massively due to the insiduous nature of these technologies. I genuinely fantasize about how life would revert to some sense of normalicy, the pace slow down, the previous decades' IRL interractions seep back into daily reality, without it all. I watch old series from the 90s and its like a dream world of possibilities without the ball & chain of the internet & its demonic cousin, the Smartphone.
I've long spoke of this to friends and they say 'well just done go online or use a phone'. Problem being that society itself has been warped by them. Whether i use them or not now, the damage has been done. The Tinderpocalypse has happened with or without my participation. I can go out and interract like it's1998, but the reciprocacy from others is still like 2020.
OP you dont say which country you are from - it's quite pertinent to have some idea of your nationality, racial and cultural background when determining the best location for you long term.
I have lived outside of my country for nearly a decade at this point. I ultimately wasted the first 5 years of the previous decade chasing skirt & the empty thrill of the ego validation that came along with it. Now i'm trying to make a place for myself for the long term, and licking my wounds from the damage the transient, vaccuous lifestyle i was living before caused.
Eastern Europe is still your best bet, especially as you state that your income would likely not exceed 1000eu. But the idea that anywhere is safe from the way the wind's blowing is a fantasy. It's all by degrees, and i would suggest not to obsess about the merits of one or other too much. Really there's not that much difference if you're living away from it all, certain geo-political scenarios apart.
Most sensible advice on here.
Yes, again, it is a confidence issue - which I have explained. We could do that, absolutely (we are doing that to a degree) ... but eventually the further you go the quicker you fall into no man's land and then sooner your end comes. When lending lacks collateral (revenue), it all becomes ethereal, and of course it has an end. Soon we will approach that point where 40% of each year's budget will be used to service debts taken up to that point, and as I have stated that's the point historically (empirical foundation) where people lose confidence and that "system" finally crashes.
Most peple will die because other issue, for example in a lot of countries the people don´t get treatments in order to avoid contagious.
Yes, I am in a western country, I am in Euroasia in the province of Spain. South America is procovid, they were lockdowns and still is an issue. In asia is vietnam, but I cannot get a job there(my situation changed a little bit), in Spain you have to wear always you are not in home
Nota: I am theanos. I was ban by our glorious leader.
Most peple will die because other issue, for example in a lot of countries the people don´t get treatments in order to avoid contagious.
Yes, I am in a western country, I am in Euroasia in the province of Spain. South America is procovid, they were lockdowns and still is an issue. In asia is vietnam, but I cannot get a job there I think(my situation changed a little bit), in Spain you have to wear always a mask of you are not in home.
I was considering Sweden, but I would need to look for a job and if you don´t speak swedish It would be hard(according to swedish people on the internet), it would be cool to know remote place where you can get a job with a high salary or something
Nota: I am theanos. I was ban by our glorious leader, roosh sometime you get way to far.