When to escape the US

[atreyu42]

Hi.

In the hypothetic scenario that hyperinflation takes place around 2010 --now that EJ admitted it can happen-- and, maybe worse, a USSR-style collapse of the US; how should I prepare to flee the US and when should I leave?

I am a EU citizen who just arrived to California and I'm waiting for my green card. My wife is a Hong Kong born Chinese-American with double passport. So we can live in the US, the EU and China, including Hong Kong. I am a software engineer.

If hyperinflation takes place, where should I go? Is the EU and China going to suffer because of this recession/depression? What sign of the economy should I wait for before deciding to leave?

Where should I put my money meanwhile? Gold ETFs?

[c1ue]

Re: When to escape the US

Europe's currency will hold value better than America's.

HK is bad because of the dollar tie; it will erode over time but why bother?

Gold in Europe is completely different - that is not a bad option.

[touchring]

Re: When to escape the US

Canada? in times of inflation, the producer wins.

[metalman]

Re: When to escape the US

Canada? in times of inflation, the producer wins.

canada's numero uno on my list.

[touchring]

Re: When to escape the US

The more money ben throws out of the helicopter, the higher oil prices go. OPEC led by saudi arabia will see to that.

[c1ue]

Re: When to escape the US

Several problems with Canada:

1) No policy to protect foreigners' money
2) Too small to resist the US should annexation be contemplated
3) Socialist nation - any value anywhere can be taken for the public good at any time
4) Eh? Aye? :p

[Nicolasd]

Re: When to escape the US

lol c1ue

Aren't those some of the very reasons why Canada is still above water today and USA is declining (irremediably ? ) over time ?

[c1ue]

Re: When to escape the US

Actually, the real reason Canada is doing well now is that they have an export driven economy.

The social system works simply due to the fact that the exports provide a lot of cash to subsidize the internal populace.

Mexico would be in the same boat if their oil wasn't so clearly running out - and the past revenues similarly having gone straight into the elite's pockets.

[Nicolasd]

Re: When to escape the US

That's true .....but it is not all.....

-You can also add responsible spending (balanced or surplus budgets for over a decade )
-A very humble defense budget and army spending.
-Federal debt/GDP ratio going down as a consequence.
-An aggresive personal taxation system for the "haves"
-World class and accessible (low cost) higher education system
-Low corruption rate (unlike Mexico).
-Last but not least: Ease of starting business (tax rates/laws and regulations environement)

Those all add up to the overall equation and explain current situation.....
Jeez, better stop here... I feel like a used car salesman.....and it belongs to EJ's thread !:rolleyes:

[metalman]

Re: When to escape the US

That's true .....but it is not all.....

-You can also responsible spending (balanced or surplus budgets for over a decade )
-A very humble defense budget and army spending.
-Federal debt/PIB ratio going down as a consequence.
-An aggresive personal taxation system for the "haves"
-World class and accessible (low cost) higher education system
-Low corruption rate (unlike Mexico).
-Last but not least: Ease of starting business (tax rates/laws and regulations environement)

Those all add up to the overall equation and explain current situation.....
Jeez, better stop here... I feel like a used car salesman.....and it belongs to EJ's thread !:rolleyes:

ah, where is this mythic utopia of which you speak? i am there in a heartbeat!

[GRG55]

Re: When to escape the US

Several problems with Canada:

1) No policy to protect foreigners' money
2) Too small to resist the US should annexation be contemplated
3) Socialist nation - any value anywhere can be taken for the public good at any time
4) Eh? Aye? :p

I used to think the same thing. Until this happened just south of the border. Now which is the socialist nation?

Justices Affirm Property Seizures

5-4 Ruling Backs Forced Sales for Private Development

By Charles Lane

Washington Post Staff Writer

Friday, June 24, 2005; Page A01

The Supreme Court ruled yesterday that local governments may force property owners to sell out and make way for private economic development when officials decide it would benefit the public, even if the property is not blighted and the new project's success is not guaranteed.

http://www.washingtonpost.com/wp-dyn...062300783.html

[santafe2]

Re: When to escape the US

Hi.

In the hypothetic scenario that hyperinflation takes place around 2010 --now that EJ admitted it can happen-- and, maybe worse, a USSR-style collapse of the US; how should I prepare to flee the US and when should I leave?

I am a EU citizen who just arrived to California and I'm waiting for my green card. My wife is a Hong Kong born Chinese-American with double passport. So we can live in the US, the EU and China, including Hong Kong. I am a software engineer.

If hyperinflation takes place, where should I go? Is the EU and China going to suffer because of this recession/depression? What sign of the economy should I wait for before deciding to leave?

Where should I put my money meanwhile? Gold ETFs?

Politically and socially, we're very close to the bottom in the US. Economically, we have a way to go but the chance of hyper-inflation in the US is almost non existent.

My very loose and indefensible corollary: It's possible a significant meteor will strike the earth in the next 5 years, but I'm not going to plan my life around that possibility any more than I'll plan for hyper-inflation within the last world super power. I'd never say that either are impossible, only that a smart person would not plan their life around that eventuality.

Let's see what happens between now and 2020, then we can revisit this issue. If I'm wrong about my first statement, I might be reviewing your concerns then.

Since your a software engineer most likely living in an urban center in California, you may want to turn your economic paranoia to thoughts of a pandemic. I suspect that might be a more real possibility. How would you insulate yourself from that?

[Andreuccio]

Re: When to escape the US

ah, where is this mythic utopia of which you speak? i am there in a heartbeat!

Look no further. It's been right under our noses all the time:

http://www.itulip.com/forums/showthread.php?t=3665

In addition to all the positives listed by Nicolasd, there is no housing bubble. Prices will rise forever. Plus, all the children are above average.

[touchring]

Re: When to escape the US

Since your a software engineer most likely living in an urban center in California, you may want to turn your economic paranoia to thoughts of a pandemic. I suspect that might be a more real possibility. How would you insulate yourself from that?

The world is already overdued for a pandemic. The likelihood of it happening before 2020 is high from a statistical point.

As the New Orleans experience shows, you'll be stuck if you don't have hard cash on hand. The credit cards don't work and the pawn shops are not open.

[Nicolasd]

Re: When to escape the US

Metalman, just leave your guns behind you and pledge to learn french.We have an empty room in the basement with a full bathroom.If you are fit to cut the grass and shovel snow , you have a new home !