Doug Casey goes on and on about how great Argentina is:Granted, it's not downtown BA, but I think he's a bit of a nutter. What do you think of that place?Cheers,Craig
Doug Casey's top place to live if things go to hell in the U.S.
Tuesday, March 24, 2009
By Porter Stansberry in the S&A Digest:
[Legendary speculator] Doug Casey is greatly underappreciated. He's been expecting the debacle we see unfolding today - a collapsing financial sector, government spending growing out of control, and a public backlash against capitalism - for as long as I've known him, almost 15 years. He calls the scenario "The Greater Depression." And now, he thinks it's going to be even worse than he expected...
At his conference last weekend in Las Vegas, he told the audience what he's doing to protect himself from what he sees coming next: soaring inflation, capital controls around the world, and vast increases to America's already confiscatory tax regime. What is Doug doing? First, he built a very private community in a very safe place about as far away from the centers of government power as you can get. His development is called Estancia Cafayate. It's located in the southern part of Salta province in northwest Argentina. Why in the world would you want to live in a valley of the Andes Mountains in rural Argentina? Well, Uruguay is nearby, a place where you can still bank privately and where you can still arrange for citizenship.
Second, Salta is incredibly rich in natural resources - water, farmland, oil and gas, vineyards, cattle, cultural attractions, etc. All of the things you need to lead a very wealthy, civilized life are in great abundance. And everything is cheap. A first-class steak dinner at a good restaurant on the central square in Cafayate costs about $4 per head, including wine. Finally, you have plenty of opportunities to make money with commodities. Doug has become a large-scale dairy farmer.
Learn more about Estancia Cafayate...
"A first-class steak dinner at a good restaurant on the central square in Cafayate costs about $4 per head, including wine. "
He figured his dollars go a long way here. Many others have done so as well.
Older people with money moving to Argentina? My advice is to stay in a nice part of Buneos Aires, vacation to Salta or wherver you want but make places like Palermo, Las Cañitas or Recoleta your home. You'll live longer and do so happier.
Argentina or other 3rd world country, they are what I reffer to in my book as "Plan C" countries, find one you like.
Argentina is ok, but not in the way he thinks. Uruguay is better and far less dangeorus. He's in love with the cheap restaurants. That's not very "Survivalish"
"Finally, you have plenty of opportunities to make money with commodities. Doug has become a large-scale dairy farmer."
BS BS BS
It's not easy to make money in Salta, or any other province for that matter. For crying out loud, google "Argentine Farmer Crisis". And then think about Dug's dairy farm. ;)
These third world countries, you come to live cheap, not make money. (unless you have serious contacts or are willing to get involve in grayish businesses)
What good old Doug is trying to do, is SELL people this BULLSHIT.
He's trying to SELL his real estate investment and portraiting it through a very rosy shade.
Salta is nice, I've been there and know the place, its is NOT this dream the guy is trying to sell. Hell guys, I know people with money that left Salta because there's nothing there, and hundreds of thousands left and keep leaving because there's no future here for young people ( maybe it looks better for someone with enough money that just wants to retire)
PEOPLE: Dont buy this BULLSHIT. Visit Argentina first. It's beautiful but its also a mess and the "interior".... well, you have to go there, but its not rural USA, its VERY different. I know becuase I lived there for two years. There's a reason why people move from there to Buneos Aires city inspite of the dirt, crime, etc.
If people leave a place, dont assume they are stupid, assume there's a reason.