I have traveled in Central America for over a year now.
When I left the USA, I told colleagues and friends that they did not want to see the price of gold go over $1,500 – it would be s sign that things are getting very bad.
Today, the price of gold hit an all time high of $1,827.
What people should garner from this is that faith in the US dollar and faith in the US government are at all time lows.
You have governments throughout the Middle East be overthrown or in complete turmoil. This is not to bring in democracy – it is because the people cannot afford to buy food and make a living.
You have Chavez in Venezuela nationalizing all the gold companies in his country and asking for the Venezuelan gold held in Britain and US banks. (JPMorgan is the maintenance bank for this) This creates a problem because the banks have not only leveraged the monies they hold in their vaults, but they have also over leveraged the gold that they have in their vaults. Watch for a spike up in the price of gold to continue.
You have riots in Britain – one of the most subdued countries in the world when it comes to social unrest. Yet for 4 days the government could not get control of the streets back. They are blaming Facebook and Twitter, when they should be looking in the mirror and blaming themselves for the civil unrest due to their inept government policies.
In Germany, there is a group that is targeting higher-end automobiles to set ablaze – fighting back against the upper class the only way they know how.
Germany is on the brink of pulling out of the European Union, which would cause an economic collapse around the world.
Why move out of the USA?
The reason to move is these same types of civil disobedience are heading to our shores. The politicians bought by the big banks and corporations will do as they are told.
Looking at their actions about the debt ceiling – the story over the last 40 years is not going to change. The policies that have brought the USA to the brink of destruction are going to continue
Change demanded through civil disobedience in one form or another will have to occur. (Will those demands come about through riots, burning banks/torching high-end cars/houses – I do not know, but it is likely one or more will have to occur)
Where to move to?
Move to a place that allows you to be self-sustaining.
Guatemala, Honduras, Nicaragua are the cheapest place in Latin America.
They are also the least developed – but that could be a good thing if you plan on farming – producing things that the countries need. Vegetables are not widely produced. Papaya, mangos and oranges grown would have a ready market in most Central American countries.
Panama and Costa Rica are the most advanced countries in Central America. They are also the most expensive to live in – land is higher, food costs more and wages are higher.
It depends on what you are looking for and what you are comfortable with.
Believe me when I tell you – it will get ugly in the USA.
There is much more opportunity in Central America to make money than there will be in the USA in the coming years.
More about Central America soon.