Down to the Banana Republic
Down to the tropical sun
Go the expatriated Americans
Hoping to find some fun
Some of them go for the sailn’
Called by the lure of the sea
Trying to find what is ailing
From living in the land of the free
There is currently a very active discussion on Zero Hedge advocating for going Expat, taking your Money and Running for some FREEDOM elsewhere on the Globe than the FSofA. How realistic is the idea that you can esape the oncoming storm by evacuating to any of the Popular Destinations mentioned as alternatives?
The list is long, depending on what the particular writer believes about the nature of money and the nature of worldwide systems and the nature of this collapse. For instance, you get many folks who will tout plaes like Singapore, because its so Bizness Friendly and they’ll hand out citizenships pretty easily, though I suspect that is only to people who will deposit a few million in a Singapore Banks Account. Chile is touted as a great location with good honest Goobermint and low tax structure blah blah. Even Estonia was suggested as a great location to head for to escape the expanding Fascist State here in the FSofA! Apparently loaded with more Tall Gorgeous Blonde Bimbos than even Sweden!
A few of the Piglets also have advocated for the Phillip Nolan paradigm, the Man Without a Country. These are folks who over the last 10-20 years have hopscotched around the Globe doing various kinds of Consulting work, never staying more than a few months in one location and avoiding taxes through variety of quasi legal means.
Some of them are running from lovers
Leaving no forward address
Some of them are running tons of ganga
Some are running from the IRS
And late at night you will find them
In the cheap hotels & bars
Hustling the senoritas while they dance beneath the stars
What do all these paradigms have in common? They basically are Peak Oil Deniers. To be Jet Setting around the globe doing whatever kind of consulting work it is you do, you have to assume that sort of work is going to continue onward here, and that there will be Commercial Jets flying around to Zoom you from one country to the next 2 or 3 times a year. Far as Singapore goes or Chile, sure it seems nice and Organized right now, hell even NY seems fairly well organized still. However, when there really becomes a supply-demand problem worldwide, why on earth would you figure Santiago, Chile or Singapore to get the Fuel before NYC or Washington? Who is running the big fucking Navy here that might escort VLC Tankers? Are they gonna escort them to CHILE?
Now, I am all for looking for a sustainable location, whether it is inside or outside FSofA borders is to an extent your Choice, depending on how much Cash you have and what your current Job Skills might be that would enable you to find a Job somewhere else on the planet that somebody will pay you for. However, let us be realistic here, unless you are simply loaded, what kind of Job could you get in Estonia right now? If you are currently still employed in the FSofA, unless before actually leaving you could nail down a job in Chile, is heading to Chile such a good idea? Particularly if you don’t already speak pretty decent Spanish?
Spending those renegade pesos
On a bottle of rum & a lime
Singing, give me some words I can dance to
Or a melody that rhymes
First you learn the native customs
Soon a word of Spanish or two
But you know that you cannot trust them
Cause they know they can’t trust you
The whole concept here revolves around the Wannabee Elites who populate the pages of Zero Hedge. Well educated, high income people for the most part who in some cases do have work skills that they can in the current climate take almost anywhere on the Globe and find work, or just do what they are currently doing on their Laptops from another location, assuming it is connected to the Internet. This may work for a while, but for how long once the Oil supply crunch really hits?
Seriously, there are only really three classes of people for whom Emigration makes sense. The First Class is very well to do, well educated people who have job skills so fabulous that they can land a job anywhere on the Globe. I doubt this demographic even represents .1% of the population as a whole.
The Second Class would be the already Retired, people who have sufficient Pensions and Investments beyond Social Security which can currently buy them a good life as an Expat. Problem here would be for these folks a variety of Capital Controls which are likely to be instituted as the financial collapse rolls along, not to mention the fairly likely collapse of the Dollar as a currency. It most of your assets are in Dollar denominated assets, first off good luck with liquidating them and seond if you manage it whatever dollars you get after the liquidation probably won’t work too well down in the Banana Republics.
The Third Class would be the already unemployed Amerikan, who still has enough Savings to pack up a few suitcases, possibly convert his savings to Gold Coins, then somehow manage to cross borders and get through TSA Deep Cavity Searches with his coins to set up shop in some new country. I can think of a few ways to attempt this, most of them revolving around Sailboats leaving in the middle of the night from a Marina here and then hitting a Beach in the Banana Republic and Burying your Gold Coins before you actually hit Customs officials in your destination country, but of course this methodology is not an easy one to pull off here.
All in all, the actual percentage of Amerikans who can and will exit to the Banana Republics is vanishingly small on a percentage basis. If you are very well to do and get out NOW, you may be able to escape the coming Capital Controls. However, any kind of money you get as an Annuity like Social Security is not something to be counted on as this spins down. Even Job skills you have now which work inside the kind of Global Economy we are still barely running are unlikely to keep working once TSHTF for real. Heading for Parts Unknown where you have no local connections to the People is a very risky choice, particularly if there are Language barriers and you differ in your racial and ethnic characteristics from the Locals. No matter how much money you have now, you could find yourself very alone, very quickly.
Expatriated Americans feeling so all alone
Telling themselves the same lies
That they told themselves back home
Down to the Banana Republic things aren’t as warm as they seem
When none of the natives are buying any second hand American dreams