Posted on 08/18/2009 6:04:33 AM PDT by sr4402
Guess.
It is my understanding that many foreign banks do not want to do business with Americans residing overseas due to the paperwork requirements of the U.S. government. This is particularly true in Switzerland, where the banks are not accepting new customers and closing out existing ones. Lacking access to banking services will severely limit the ability of Americans to work or retire outside the country. Look for the Feds to erect a financial Berlin Wall, especially with the Democrats in charge.
Like the great Margaret Thatcher said, “Socialism is fine until you run out of other peoples money”
http://board.classifieds1000.com/Spain/Retirement/american_retirement_in_spain
Last week an article in the NYT discussed the fact that a number of recent US college graduates,who have been unable to find work that they believe would lead to careers, have gone to China; this includes non-Chinese language folks.
When one of our customers in Hong Kong called last week, I took the opportunity to ask him how things are doing there and he said that Hong Kong’s economy is not robust but that Shanghai is booming.
If one equates the Communist gov’t to frightening challenges such as faced our westward traveling pioneers over a century ago, perhaps the “go West [until it becomes East]” admonition might be appropriate for some folks these days.
The Feds may bluster a lot about scoundrels like Bernard Madoff or drug traffickers, but they also realize that the money from upper middle income and better investors is easier to control and tax.
I could tell you where, but I don’t want it crowded when I go there...
I’ve been there several times over the years and it is wonderful. Food can be pricey if you don’t care for the local seafood and rice. There is a small swimming pool in back and a decent 32 ft sailboat that I can use to go to other places. We won’t need a car and besides that automobiles are discouraged. Scooters and bikes are the way most folks get around. There is a gardener that takes care of the place and a woman that does the shopping and cooking a couple of times a week. All for a very reasonable price. I do all my Dads cooking now. Hurricane season is a factor but our place is set back from the shore a good mile and is surrounded by a thick wall. The house has heavy shutters and a low profile. I think it was built in the late fourties. I’m a Coast Guard Vet so I’m in pretty good with the local shore patrol and might even be able to get a little part-time gig inspecting boats and such. I can always make a buck doing eyesplices in mooring lines or making monkey fists for folks with watercraft. Instead of doing my usual Civil War reenacting I can get into their version of living history being a pirate or blockade runner. Totally fun! ARRGH!
Employment.
That's the obvious. But what about lower taxes (where are most pilots living outside the United States), housing prices? Details man, Details.
Yes, that is my question too. The Media usually like to ignore that question.
Before they get to that point, they will stop you from moving money out of the US.
Back to Mexico?
I used to need to travel for work quite a bit. Not anymore, I hate traveling.
I think that you hit on one of the reasons...I'd never thought it all the way through, though.
Years ago, Americans rarely got grabbed by some third rate thug, because the general sentiment was "You're not messing just with me, you're messing with 200-odd million of my friends."
Not anymore. "Political Expediency" has replaced "Don't Tread on Me".
TY for the kind words.
And YOU be vigilant and safe as well. I believe before this ends, we’re going to need every able-bodied AMERICAN to win this thing.
Lastly, they are about to kill the geese laying the golden eggs, i.e. entrepreneurial spirit, capitalism, and individual achievement.
I don't like writing about myself too much online, but 2 years ago I quit my high-paying/soul-sucking job, moved back east, and have been largely "unemployed", with the exception of a few engineering design projects I picked up on the side.
Lost a ton of equity in the market crash, though I was fortunate that I was cash-heavy, so I was able to make the most of it with the minor recovery over the past few months. I live frugally, have no wife and kids to support, and I have a standing agreement at the farm I live on... I cover groceries, most of the food prep, help with household chores, split utilities, and a lot of the caretaking of the property.
Though I hold a engineering degree, and passed the EIT, when I look online at jobs, I am not finding anything appealing to me. I believe that corporate America is saturated with 9 to 5 cubicle dwellers that spend 33% of their time earning for thier employer, 33% updating their Facebook accounts, and 34% of their time hiding from management under their desks. I'll pass.
My other concern, and why I am bothering to post this response (which has more personal information in it than I should have put), is that I really have ZERO interest in returning to the rolls of the traditional wage earners... where I'd merely earn money only to have over 40% of it taken forcefully from me to support the motherf**king Communists in the government and the braindead f**ktard voters that elected them.
OK, time to go back to my plywood shack. /sarc
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