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Guys, this is to show the similar behavior when SHTF, between countries that are at the other end of the globe from one another, totally different cultures.
But when SHTF…
Iceland
Looting in Argentina 2001
(the Chinese guy is the owner of the shop being looted)
Argentina March 2008 Farmers crisis
Pots sound the same to me.
FerFAL
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Monday, January 26, 2009
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9 comments:
Hi,
I love your blog. It is very informative. I think I saw in the comments on another entry something about Boston, MA, USA? Were you thinking of coming here? Or were you here before?
I am just a regular guy, but if you are coming up here let me know. Maybe I can be of service. I look at your blog a couple times a week
- JM
Thanks JM
Lived in Boston for 3 years in 1983, went to Pierce School in Brookline when I was little. ;)
Man, I wish I could go there soon, even if it’s just to visit.
FerFAL
Ferfal,
Great blog. Very useful information.
One question, I've heard from some quarters about Uruguay as an alternative destination by some Norteamericanos. Does Uruguay have the same issues with crime, corruption, and economic issues like Argentina? I would have thought many of your countrymen could find a safe haven there without the trouble of moving to another continent like Europe. I've also heard that houses and apartments are not unreasonable.
Any thoughts?
Chris
FerFal,
Perparing for the most likely senario seems like the best way to go and I've done that and more. I started over a year ago and done the best possible for a large family, however there are loose ends. I was unable to sell a multi-family apartment 'complex', referred to as a '4-plex' here. It currently pays for itself and the mortgage. During the initial shock and surge in consumer prices, renters may not be able to pay the rent and I can afford to pay part of the mortgage waiting for wage increases to catch up, or cut rents by up to 50%. The mortgage payment will not increase. If I'm able to hang on and avoid defaulting, is there a chance that wages will increase quickly enough? This assumes of course that there are still jobs in the area.
What do you believe was the experience of rental property owners. I'm counting on wages to increase and the possibility of actually being able to raise rents to offset other expenses expected to rise. Somewhere in your blog I remember reading that rents increase 60%. Is this correct?
If I can hang on to this property there might be a chance that it could be a way to help keep up with some of the price increases and possibly pay off the mortgage with inflated dollars. This sounds good, but the reality of the stituatation might be different.
Thank you,
Sticks
Hi Chris, Uruguay is indeed a safe haven, mostly for dirty money.
Safer than Argentina for sure, but still small, and greatly dependant on the economic sistem.
That's the problem with financial havens, they dont have a realistic country strucutre.
FerFAL
Sticks, I'm working on a reply for you, I'll post it in the blog becuase I'm sure more peopel will be interested.
I handle real este myslef.
FerFAL
Gee, I've always thought of Icelanders as a particularly civilized people.
I guess theyre still Vikings underneath the skin.
Shambhala,
It IS a civilized response to require one's government servants to work on behalf of citizens.
Were you thinking Icelanders should just write letters?
As they say hind sight 20/20, so I would like to ask if now looking back what were some of the signs, some you noticed and those that you now looking back can see were warning signs of what was about to happen.
Thanks
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