|
|
10-03-2008, 02:53
|
#31
|
Moderator and Certifiable Refitter
Join Date: Jan 2008
Location: South of 43 S, Australia
Boat: C.L.O.D.
Posts: 21,393
|
Nicely put, Blonde.
__________________
All men dream: but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find it was vanity: but the dreamers of the day are dangereous men, for they may act their dreams with open eyes, to make it possible. T.E. Lawrence
|
|
|
10-03-2008, 03:28
|
#32
|
Registered User
Join Date: Dec 2005
Location: Australia
Posts: 666
|
Here I was thinking,dosen't happen a lot!!,If the US $ takes a dive,"Dosen't that mean it's gonna be worth sh#T no matter where ya go??"The last place ya would want to go is where the cost of local produce is high.eg..New zealand.Sorry to the Kiwi's but I spent 3 weeks there at Xmas,not cheap.Unless ya like Aussie VB,cheaper than at home,go figure.
I think just traveling around and living on the hook might surpass for awhile,but sooner or latter ya gonna have to touch ground.So it would be smart to go to a place (like someone else pointed out)where money has no real meaning.Face it,if your $ takes a big dive,it wont be the best time to spend it neadlessly.Mudnut.
|
|
|
10-03-2008, 05:06
|
#33
|
Registered User
Join Date: Aug 2007
Location: Now in Central Europe
Boat: 52' Irwin Ketch
Posts: 441
|
South America is still a bargain, and quite stable. Travel there often and often peruse the real estate ads etc. Know lots of locals so I KNOW the living expenses are minimal compared to the U.S. (I know about Chavez etc., so don't even go there. I'm talking about OTHER places, like Chile, Argentina, Peru). There is no need to move your money, just yourself.
|
|
|
10-03-2008, 09:33
|
#34
|
Registered User
Join Date: Oct 2007
Location: Raleigh, NC
Boat: 1974 Columbia 41
Posts: 91
|
Well, if it comes to an economic collapse, which I think is incredably unlikely, I want all my guns on board. Hungry people tend to not abide by their typical morality. If farmers cant afford their gas, they cant grow food. Not enough food = starvation and resulting population correction. I will be going to the Amazon. Tons of food for the picking, fishing and hunting. Screw a dollar. Its just paper anyways. Ever seen the pictures of post WWI Germany? Women taking wagon loads of currency to pay for just a loaf of bread. The economy is not in significant trouble, but I still have my boat and guns, just in case.
|
|
|
10-03-2008, 10:36
|
#35
|
Moderator Emeritus
Join Date: Sep 2007
Location: Eastern Tennessee
Boat: Research vessel for a university, retired now.
Posts: 10,405
|
It makes me wonder that if we really did have a world economic collapse, that all those people who are already in ideal places will be standing on the beach yelling at the refuges in sailboats to not even think about coming ashore. I would not blame them for wanting to keep things how they are...nice and quiet and not crowded.
__________________
David
Life begins where land ends.
|
|
|
10-03-2008, 10:56
|
#36
|
Registered User
Join Date: Mar 2007
Location: Cormorant Island, BC, Canada
Boat: Lancer 44 Motorsailer
Posts: 1,878
|
Just covert all your wealth into gold and use it instead of lead as ballast. The only problem with that is that my boat would likely turtle.
|
|
|
10-03-2008, 10:59
|
#37
|
CF Adviser
Join Date: Dec 2007
Location: Wherever our boat is; Playa Zaragoza, Isla Margarita
Boat: 1994 Solaris Sunstream 40
Posts: 2,449
|
Waterworldly, I agree with you about South America and would actually include Venezuela. Although I am not going to get into a political debate here, suffice it to say that when Chavez lost the referendum for constitutional reform in December, this became his last term in office. Regardless, even Chavez has consistently said that he will not nationalize anything but monopolies or property that has gone unused for a significant period (and even then, the courts must rule on the expropriation). He has also made numerous speeches confirming that the private sector is, even in his opinion, still critical to the future development of the country. And no matter what one thinks of Chavez, to this point there have been huge improvements in health care, education and infrastructure that seem certain to continue regardless of the leadership.
It is important to note that, while Chavez was re-elected a year ago by a substantial majority (in an election monitored and approved by the UN and by Jimmy Carter's organization for democracy), the voters nevertheless turned down his referendum on constitutional change and showed that they are still a nation of laws.
Brad
|
|
|
10-03-2008, 11:06
|
#38
|
Registered User
Join Date: Mar 2007
Location: Cormorant Island, BC, Canada
Boat: Lancer 44 Motorsailer
Posts: 1,878
|
By the way I get paid in Canadian dollars and presently live in a country that has their currency peg to the U.S. dollar. The fuel is about one quarter of the price in Canada. Groceries are cheap. So for now it's ok.
|
|
|
10-03-2008, 11:55
|
#39
|
Registered User
Join Date: Sep 2007
Posts: 298
|
Quote:
Originally Posted by David_Old_Jersey
A couple of things to remember about decamping to the 3rd world is that.........they also have inflation and their currencies can also appreciate.
|
Amen. The US dollar has suffered from inflation for sure. Meanwhile, the Jamaican dollar started out in 1962 at $1.40 US and now a US dollar buys about 70 Jamaican dollars. The Jamaican dollar is fairly typical of third world currencies. Even it looks very stable compared to the Mexican peso. Be careful where you jump.
|
|
|
10-03-2008, 14:20
|
#40
|
CF Adviser
Join Date: Dec 2007
Location: Wherever our boat is; Playa Zaragoza, Isla Margarita
Boat: 1994 Solaris Sunstream 40
Posts: 2,449
|
I wasn't suggesting converting all your USD (or other assets) into foreign currency, especially ones from the third world. Its just that you will get much more bang for the buck on what you do make liquid.
Brad
|
|
|
10-03-2008, 15:20
|
#41
|
Armchair Bucketeer
Join Date: Oct 2006
Posts: 10,012
|
Quote:
Originally Posted by Southern Star
I wasn't suggesting converting all your USD (or other assets) into foreign currency, especially ones from the third world. Its just that you will get much more bang for the buck on what you do make liquid.
Brad
|
I didn't read it as that - the thing to remember is that even if you do not convert all your assets into foreign money (and of course most would need a bl##dy good reason to do that!), you are still at risk of your spending power declining from simply being based in a 3rd world country for a long time and having your assets in USD (GBP/EUR) - as you are spending in local money......of course no easy options and I am not saying "don't do it" (to anybody /anything)......but I originally made the point because folk can just assume that a Major currency remains at a certain (and high!) level against all 3rd world currencies, when this is not always the case........
Of course, if I knew exactly what I was doing when it comes to currencies I would be typing this from my Megayacht moored in Monaco. and I am not (honest )
|
|
|
11-03-2008, 03:37
|
#42
|
Senior Cruiser
Join Date: Mar 2003
Location: Thunder Bay, Ontario - 48-29N x 89-20W
Boat: (Cruiser Living On Dirt)
Posts: 51,337
|
Quote:
Originally Posted by Southern Star
I wasn't suggesting converting all your USD (or other assets) into foreign currency, especially ones from the third world. Its just that you will get much more bang for the buck on what you do make liquid.
Brad
|
Several Canadian fortunes* were founded on “ liquid” assets, during the US Prohibition (Volstead Act 1920-33).
* ie: Distillers such as Sam and Harry Bronfman (Seagrams), Hiram Walker (Hiram Walker and Sons Distillery - “Canadian Club”), not to mention the outright Gangsters like Al Capone et al.
__________________
Gord May
"If you didn't have the time or money to do it right in the first place, when will you get the time/$ to fix it?"
|
|
|
11-03-2008, 07:16
|
#43
|
Eternal Member
Join Date: Feb 2008
Location: Las Brisas Panama AGAIN!
Boat: Simpson, Catamaran, 46ft. IMAGINE
Posts: 4,507
|
Economy good, or bad I am headed to the Philippines just as soon as I can.......LOLOL
|
|
|
11-03-2008, 08:03
|
#44
|
CF Adviser
Join Date: Dec 2007
Location: Wherever our boat is; Playa Zaragoza, Isla Margarita
Boat: 1994 Solaris Sunstream 40
Posts: 2,449
|
Good line Gord - and you are absolutely correct. Mind you some American fortunes (eg. Joseph Kennedy) were also purportedly based upon 'liquid' assets during the time of prohibition.
Seriously, though, if the US dollar continues to weaken, then its buying power will be reduced all over the planet. I took the idea of this post as being places to go where you can still get some (relative) bang for the buck, rather than places in which to invest.
Brad
|
|
|
11-03-2008, 10:29
|
#45
|
Registered User
Join Date: Nov 2006
Location: Presently liveing and working in Pakistan
Boat: HT 26. Currently in Mallorca
Posts: 98
|
Well, sold the house last Friday,invested a little in a mini refit,in May we go to buy a small house in Turkey, near the water and then in September, a six week cruise to move the boat from Majorca down to where the house is in Turkey.Then back to work.
Not big bucks but heading in the right direction.
Steve
__________________
I'll be onboard soon.
|
|
|
|
|
Thread Tools |
Search this Thread |
|
|
Display Modes |
Rate This Thread |
Linear Mode
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
Advertise Here
Recent Discussions |
|
|
|
|
|
|
|
|
|
|
|
|
Vendor Spotlight |
|
|
|
|
|