Where Do You Go If Your Currency Sucks?

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In response to our previous post about Panama being the place to go when your country sucks, one of our readers responded with this comment:

Michael…

Panama: The Place to Go When Your Country Sucks discussed the momentum that is developing there, information I

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American Dream Or Nightmare?

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If anyone (other than our politicians) is still wondering why U.S. unemployment remains near record highs, why the economy remains stagnant, or why U.S. real wages have gone nowhere for over 30 years, look no further than this comment, on our past post “Has The West Lost It’s

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Past Predictions and Wish List For 2012

For the past three years, around this time, we like to foolishly extend our economic and geopolitical “predictions” for the coming year, knowing full well we will be at least partly, if not completely, wrong.

Here are our predictions from 2010 and 2011 so you can make

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A Word About Occupy Wall Street

Who is to blame for a cat this fat?

In the case of a fat cat – who is at fault?  The cat, or the “provider”?

The protesters, while their effort is valiant and ought to be applauded for at least making their voices heard, need to realize who are really to blame

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Jim Rogers: Bullish On China Long-Term

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My last post about famed investor Jim Rogers concerned his trip around the world and his book about the experience entitled Adventure Capitalist. Jim also wrote three other books since then, and two have concerned his two favorite long-term investments: China and commodities.

I went to China in 2007 because I thought that China

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Interview with Jim Rogers, Adventure Capitalist

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I was pleased to read the latest articles at Retire Worldwide about money in general, but especially so because these articles mentioned Jim Rogers.          

I met Jim Rogers once at his old home in Manhattan to interview him for the article that appears below, and interviewed him twice more

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Part 3 – Is Your Money More Important Than Your Mattress?

In Part One of this series we covered what to do with petty cash (keep it in your house, not in a bank) and we covered the benefits of gold as a long term store of value.  To have neither gold nor hard cash on hand or readily accessible means you are

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Part 2: Is Your Money Smarter Under Your Mattress?

"In light of your unique situation, here is my advice: Give me your money"

Yesterday we wrote about the idea of holding your petty cash at home rather than in a bank, because the rates of interest on savings is so low, it’s not worth the risk.

Here is

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Is Your Money Safer Under Your Mattress?

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Most people put their money in the bank because it’s safer than under their mattress.

Banks even have a vault in the back room, high tech security systems, guards, and other safety features… after all, the bank’s job is to keep your money safe, right?

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Travel the World with A TEFL Degree

Every traveler needs a vehicle.

People who want to become permanent travelers can actually lower their living costs compared to staying in North America. Of course, this goes out the window if one is staying at chateaus in Switzerland and France. But lower costs are the norm in most of the world.

Building

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Making a 5 Year Working/Traveling Plan

Five years is a good time frame to plan for, but sometimes it takes several generations to complete your ambitions of this life.

This is a fun article to write, in part because it crystallizes thoughts I’ve had for a while, and also because the subject matter encompasses the entire world.

There are

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Why You Should Buy Property In The Worst Housing Market Ever

With all the doom and gloom about U.S. house prices, investors are sitting on the side lines waiting for the “bottom”.  After all, the Case-Schiller Index, now widely recognized as the best measure of overall house price levels in the U.S., continues to drop.  If you follow the headlines in the mainstream

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Rising Food Prices And Retirement

From Bloomberg:

“Corn advanced 52 percent last year in Chicago, wheat jumped 47 percent and soybeans gained 34 percent. Cattle futures touched a record on Jan. 13 in Chicago, a day after coffee reached a 13-year high in New York. Rice futures jumped as much as 3.6 percent in Chicago today.

Wheat may rise

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Asset Protection and US Dollar Devaluation

Question: Protecting yourself against the accelerating devaluation of the US dollar is a primary motive to become an ex-pat. Which countries in Caribbean/Central America are best places to relocate if asset protection is your primary motive?

Answer:

First, there is a big difference between living overseas and asset

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Investment Predictions For 2011

Last year we stuck our neck out and made a few investment predictions for 2010.  You can read our predictions from last year and judge how we did.

Overall, the trends behind our primary predictions came true:  Gold was up almost 30% and Silver was up over 75% in 2010.  Agricultural commodities

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It’s the Economy, Stupid: The Expat Version

When I would tell my fellow American citizens about plans to live and work abroad a few years ago, the usual skeptics would say that there were enormous disadvantages economically.

Regardless of whether that argument was true three or four years ago, it certainly isn’t true anymore. Now there are huge economic disadvantages just

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Planet of Debt

The Economist has done a great job of helping us visualize the world’s debt problem.  It’s no coincidence that the world’s “richest” countries are also the most indebted countries.

Too often, people confuse wealth with debt.

When I was teaching English in Venezuela about 10 years ago, the students asked me how much it

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China’s Currency Trump Card

China’s vocal support for the Euro has lent strength and extended hope to over-indebted nations like Greece (source: Business Week).

But is China’s rather timely message to Europe really a message for the United States? China’s timing could be a political response to the U.S. Congress which recently passed a

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Gold: A Figment Of Your Imagination?

Gold has been the shining star of the investment world lately.  One of the reasons is that Gold is being treated as a “fourth currency” in the financial markets according to John Stephenson with First Asset Investment Management Inc. (source: Financial Post)

But has gold risen too high, too fast, and due for

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Uruguay, And What Happens When Two Global Speculators Cross Paths

The highlight of my visit to Uruguay was making the acquaintance of one Fitzroy McLean.   During our brief but intense conversations, Fitz filled me in on a few things about the world that pretty much everyone needs to know.

Fitz is a West Point graduate and former

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