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Guest Post: This Entire Country Has Become A Giant Offshore Bank Account

Tyler Durden's picture




 

Via Simon Black of Sovereign Man blog,

“Charming” is, I believe, the word most often used to describe Uruguay. People tend to make a lot of parallels to the United States in the 1950s – a much slower pace of life, less government intrusion, and family focused.

The capital city of Montevideo is notoriously sleepy and provincial. It feels in many ways like a small town despite having 1.3 million inhabitants, about a third of the country’s population.

There’s very little going on in Montevideo, and this point is soundly driven home if you’re wandering around on a Sunday afternoon.

Then there’s Punta del Este, the resort town roughly 90 miles east of Montevideo. I lived here for a spell several years ago. I enjoyed it… but Punta is definitely a different animal altogether.

For six to eight months out of the year, it’s completely dead. The local governments even shut off most of the stoplights. The majority of restaurants are closed, and in the dead of winter (July) it can feel like an eerie zombie flick.

In the summertime (late December through mid-February), however, hotel rates go sky-high. Restaurants are booked solid. Traffic becomes gridlocked. And the population swells 20-fold with legions of thong-clad Argentine tourists roasting in the sun.

punta1 This entire country has become a giant offshore bank account

This is an important thing to understand about Uruguay– it is heavily dependent on Argentina.

Long ago, Uruguay’s generous coastline became the playground for well-heeled Argentines. Yet as the nearby Rio de la Plata can often wash murky, brown sediment along Montevideo’s beaches, they sought more pristine views further east towards Punta.

Over the years, Argentines began using this country as a sort of bank account. They stashed US dollars in Uruguayan banks and bought up all the high quality agricultural and beach property they could as a means to hold assets outside of their home country.

Argentines have wisely learned through experience not to trust their government. Fool me once, shame on you. Fool me twice, shame on me.

It makes perfect sense. Instead of depositing cash in their home country which has a history of confiscating bank balances, they buy property that will hold its value in neighboring Uruguay. At least they’ll be able to enjoy it from time to time and have a place to stay if needed. It’s a great strategy.

For Uruguay, though, it means the property sector is dominanted by Argentine buyers. The banking sector is dominated by Argentine capital. The toursism sector (Uruguay’s mainstay) is dominated by Argentine vacationers. It’s a precarious dependency.

Today, Argentina is imploding... the product of years of disastrous government policies heading for yet another full-blown currency crisis. And as the Argentine economy suffers, it is bleeding into Uruguay.

One of the chief consequences is inflation. As Uruguay imports inflation from both Argentina and United States simultaneously, retail prices from food to fuel to electricity have soared.

And as charming as it may be, this is a major downside to living in Uruguay.

The best part about being here, however, is the people. The local Uruguayans are nice enough… but a thriving community of expats has moved down to Uruguay over the past few years, and they are some of the friendliest, most interesting people I know. Very close knit too.

I suspect that, if price inflation ever gets under control, more people will move to Punta del Este in the coming years, and the city will end up as a thriving, year-round expat hotspot.

Personally, I think it’s hard to beat Chile– modern, advanced, civilized, and booming. Chile has great healthcare, better education options for the kids, and things just… work. Many expats living in Uruguay are starting to realize this and are gradually relocating across the Andes.

But the bustle of Santiago and the quiet charm of Punta are definitely worlds apart. Either option may be worthy for you to consider.

 

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Mon, 02/11/2013 - 18:01 | 3234833 falak pema
falak pema's picture

the second coming of americans, now to S america...what a cavalry charge that will be.

Run, run from those drones. 

I'm not sure a giant off shore bank account is the right formula for happiness. More like Deadwood or Dodge on the make. 

Mon, 02/11/2013 - 18:40 | 3234932 mmanvil74
mmanvil74's picture

Uruguay is indeed a pretty good spot, all things considered.  I've been there a couple of times recently.  However, as Simon suggests, inflation is an issue, and the cost of living is no bargain by any standard, especially in Punta Del Este.  Also, it gets down right cold in winter, which is why it is completely dead most of the year as far as tourism goes.  Punta does have potential to become a livable city year round, but for now and the forseeable future, it is basically a tourist village with a lot of empty condo towers and not much going on in the off-season.  The throngs of thonged crowds in the summer make it intolerable in a different way.  Montevideo might make for a better year round option if you are a city person, but it leaves a lot to be desired when compared to Buenos Aires.

Santiago de Chile is very westernized (aka. boring), especially compared to Buenos Aires, any large Brazilian city, or any other large city in Central or South America.  It is neither coastal nor mountainous, it lacks any sort of historical charm, and does not offer the high density it would need to become a great global city.  It sprawls like an L.A. or Phoenix, which really subtracts from the charm of living in South America.  I haven't found a decent alternative other than Santiago in Chile... the smaller cities are either too remote, too small, or too cold.

Mon, 02/11/2013 - 18:49 | 3234957 falak pema
falak pema's picture

nice résumé thanks.

Mon, 02/11/2013 - 21:26 | 3235352 Buck Johnson
Buck Johnson's picture

I know.

Tue, 02/12/2013 - 09:34 | 3236266 IrritableBowels
IrritableBowels's picture

Any comment on Ecuador?

Mon, 02/11/2013 - 19:41 | 3235069 EvlTheCat
EvlTheCat's picture

I love your posts.  Keep them up.

South America is the second coming that has been coming for at last the last 100+ years.

Mon, 02/11/2013 - 18:04 | 3234845 Buckaroo Banzai
Buckaroo Banzai's picture

Obligatory Simon Black hate comments in 3...2...1...

Mon, 02/11/2013 - 18:16 | 3234870 redpill
redpill's picture

So in closing, if you don't care about your close friends and family, please move to another hemisphere on my advice alone, and if it so happens that I was totally wrong and things implode (like everyone who moved their bank accounts to Panama on my assurance of privacy directly prior to the US government compelling Panama to turn over all their information) well then you can just pick up and move again.  What?  You have a wife & kids?  Oh well, guess this newsletter isn't for you.  Can you please forward it to anyone that you know that is rich, single, and doesn't give a shit about anyone else in their life?  Thanks.

P.S. Apparently things were quite different in Chile a couple decades ago, something about pinochle.  Or was it Pinochet?  I don't know, sounds like a card game or type of wine.  Just trust me.  Love, Simon

 

 

Hey, you asked :)

 

Mon, 02/11/2013 - 18:31 | 3234924 jballz
jballz's picture

Holy fu king whine fest. I am rich (ish), single, and don't give a shit about anyone else, which is mostly why I have not left the USA. I fit right in here. But I may go, and here is a huge idea to consider. Awhile back they invented these amazing things called fuckin airplanes. If you are poor you might as well stay put because life sucks anywhere you are poor. Otherwise, you move to chile and don't like it, get on a fucking airplane. it ain't like you have to leave the old country on a schooner and wagon train it down there.

Americans are such pussies.

Mon, 02/11/2013 - 18:37 | 3234937 redpill
redpill's picture

Sorry to hear you're lonely.  Good luck!

Mon, 02/11/2013 - 22:57 | 3235515 jballz
jballz's picture

 

How could I ever get lonely with all my friends at zerohedge comment section?

It's like a big happy family but without the incest.

But thanks for the sympathy. 

Now stop being a pussy.

Tue, 02/12/2013 - 00:58 | 3235825 redpill
redpill's picture

I don't have time to be a pussy.  I have actual responsibilities.

Tue, 02/12/2013 - 04:43 | 3236029 Parrotile
Parrotile's picture

"Incest is Best" - check out Tasmania!!

(all the down arrows will be from disgruntled Taswegians!!)

Mon, 02/11/2013 - 18:57 | 3234970 Never One Roach
Never One Roach's picture

Chile is too expensive for me. Their apartments cost more psf then San Francisco right now...incredible! I don't know how they can afford them. It's  a beautiful country ...Chile is, but out of my league.

You can live very well very poor in America with all the 'Freebies"-- food stamps, EBT, SNAP, CHIP, free housing seciton 8, health care, cell phones (with free mintues!!) and so on.  The poor and refugees of the whole are all flooding into the good old USA for all the 'free stuff.' 

 

Why leave? In fact, why work?

Mon, 02/11/2013 - 19:16 | 3235020 Whiteshadowmovement
Whiteshadowmovement's picture

Yeah you are absolutely right about the why ever leave, if anything you can expect benefits to increase from here on out. Remember when they posted that "how to get welfare guide" ipad edition here as part of friday humor?

Cape town is fairly affordable with the current exchange rate:

-A top penthouse downtown will cost about $5,000/m
http://capetown-westerncape.gumtree.co.za/c-Real-Estate-houses-flats-for...

-Similar for a nice villa in the burbs (many have tennis courts + pool)
http://capetown-westerncape.gumtree.co.za/c-Real-Estate-houses-flats-for...

-A nice 2 bedroom flat is about $1700/m
http://capetown-westerncape.gumtree.co.za/c-Real-Estate-houses-flats-for...

-around the same for a nice small home:
http://capetown-westerncape.gumtree.co.za/c-Real-Estate-houses-flats-for...

Its a very appealing lifestyle to a lot of retirees who come here from Europe (many from the UK) because they can really stretch their pension checks here. Also retirees because live in help is very cheap ($300-500 per month for a live in nurse/housekeeper).

Also a lot of formerly wealthy europeans come here who used to be very wealthy and just scraped by with a million or 2 left after the crash, they can start over here and that money goes much further here to maintain close to their former lifestyle

Tue, 02/12/2013 - 02:19 | 3235950 Oldrepublic
Oldrepublic's picture

Capetown is ok if you like the occasional mugging.

Tue, 02/12/2013 - 04:48 | 3236033 Parrotile
Parrotile's picture

Depends where you are.

There are rough areas and nice areas everywhere. Used to live in Plumstead which is quite Des. Res., no muggings / break-ins / violence, then moved to Hout Bay which was nicer (but much older property so cold & damp in the winter)

No matter where you choose to live in Kaaptoun, it definitely beats Joburg - now THAT is a City with quite a civil violence problem.

Tue, 02/12/2013 - 04:57 | 3236037 Parrotile
Parrotile's picture

Dup. post (user failure)

Tue, 02/12/2013 - 06:02 | 3236075 o2sd
o2sd's picture

Victim or perpetrator?

 

Mon, 02/11/2013 - 19:24 | 3235037 Doña K
Doña K's picture

Yes! But things can change rapidly. Thus.. as the financial gurus say: You should diversify and/or don't put all your eggs in one basket. That is if you can. 

Bottom line: The upper classes and the rich already know what to do and doing it. 

Mon, 02/11/2013 - 21:26 | 3235348 toady
toady's picture

Exactly!

In fact, anybody who is NOT in the US better be making plans to get there real fast.

If good ol' unkle Sam decides he has a problem with Uruguay, or anywhere in the solar system, well, might makes right!

Mon, 02/11/2013 - 19:56 | 3235097 Matt
Matt's picture

So, you've never been through social collapse before, I take it. When things go bad, sometimes the airport isn't open. Unless you can afford a private plane and runway, you could be stuck.

Mon, 02/11/2013 - 19:51 | 3235090 jimmytorpedo
jimmytorpedo's picture

You're thinking of Pinnochio.

Keep an eye on his nose.

Mon, 02/11/2013 - 18:14 | 3234871 Motorhead
Motorhead's picture

You mean that "up and coming officer from West Point"?

 

Mon, 02/11/2013 - 18:15 | 3234880 francis_sawyer
francis_sawyer's picture

Why is it that Simon Black never happened to "live a spell" in Punxatawney?

Mon, 02/11/2013 - 18:19 | 3234886 Motorhead
Motorhead's picture

Does he have something against Phil?

Mon, 02/11/2013 - 18:24 | 3234903 redpill
redpill's picture

Well, what if there is no tomorrow? There wasn't one today. 

-Phil Conners

Mon, 02/11/2013 - 18:29 | 3234915 The Gooch
Mon, 02/11/2013 - 18:59 | 3234978 diogeneslaertius
diogeneslaertius's picture

don't drive angry

don't driiive angry

Mon, 02/11/2013 - 20:10 | 3234857 Shell Game
Shell Game's picture

{This space for rent}

Mon, 02/11/2013 - 18:12 | 3234868 Sudden Debt
Sudden Debt's picture

WELCOME TO SOUTH AMERICA!
Anything to declare? fruits or vegetables?
Passport please?
AMERICAN? HA!!! WE DON'T NEED YOUR ALIEN KIND!
WE'VE GOT ENOUGH POOLCLEANERS ALREADY!

Mon, 02/11/2013 - 18:15 | 3234879 Motorhead
Motorhead's picture

If they have St. Feuillien Saison beer, I might have to consider a move....

Mon, 02/11/2013 - 20:13 | 3235125 Super Broccoli
Super Broccoli's picture

if St Feuillien is the only thing you need then come in Belgium ... except you're not going to have any sunshine, have crazy government regulations and taxes, flemish people, the coast is all about concrete buildings, we've got holes in every square feet of every road, companies goes bankrupt, politicians are pure bozos ... BUT we have plenty of beers !

Mon, 02/11/2013 - 22:18 | 3235440 willwork4food
willwork4food's picture

If you've got classier women than Hollywood,-I'm already on the plane.

Mon, 02/11/2013 - 23:22 | 3235564 Redhotfill
Redhotfill's picture

I hear the FLemmish and Walloons smell of Elderberry!

Tue, 02/12/2013 - 00:32 | 3235760 willwork4food
willwork4food's picture

OK, but do they have a nice ass AND good beer?

Mon, 02/11/2013 - 18:21 | 3234894 Motorhead
Motorhead's picture

OT - Liverpool got spanked by West Brom 0-2.  Time for a night cap.

Mon, 02/11/2013 - 18:22 | 3234896 A Lunatic
A Lunatic's picture

Short version: Uruguay is heavily dependent on Argentina, therefore fucked, so move to Chile.

Mon, 02/11/2013 - 18:24 | 3234904 Mark123
Mark123's picture

"Go west young man"

Tue, 02/12/2013 - 00:48 | 3235797 Midas
Midas's picture

Considering he is "farmer" in Chile, it is interesting Simon didn't notice there is expansive land in Uruguay outside the capital city and main resort town. 

Mon, 02/11/2013 - 18:23 | 3234898 Mark123
Mark123's picture

Plain and simple, I don't trust South American governments any more than I would trust USA, Europe, Africa etc...I would rather take my chances in a small town in USA somewhere (even with the bothersome noise of Drones prowling in the night).

Mon, 02/11/2013 - 18:23 | 3234899 JonNadler
JonNadler's picture

Argentines have wisely learned through experience not to trust their government. Fool me once, shame on you. Fool me twice, shame on me.

 

Argentines have been fooled over and over again, the life span of a paper currency there is about 15 years,tops, they 're due for a NEW peso soon

Mon, 02/11/2013 - 19:35 | 3235060 Harbanger
Harbanger's picture

Their memory has the lifespan of a fruitfly.  Time for a new politician that will make things right.  Rinse and repeat until they lose all their personal property and liberty.

Mon, 02/11/2013 - 20:35 | 3235193 espirit
espirit's picture

I was wondering where the old Nads would end up after being canned.

Mon, 02/11/2013 - 20:43 | 3235222 JonNadler
JonNadler's picture

am just here as a visitor, but if Tyler would like to pay me to bash ZH all day, I think I can do the job

Mon, 02/11/2013 - 20:55 | 3235253 Harbanger
Harbanger's picture

It wasn't bashing ZH.  That statement referred to the more awake Argentines who take their money out of the greedy socialist Govts reach.  They keep getting the same Govt because the takers outnumber the makers, the same problem the US now has.  Short of a catastrophe, we're not getting anything different going forward.

Mon, 02/11/2013 - 22:16 | 3235438 JonNadler
JonNadler's picture

you missunderstood me

Tue, 02/12/2013 - 04:48 | 3236034 TNTARG
TNTARG's picture

It's not us loosing properties and liberties.

Mon, 02/11/2013 - 22:57 | 3235516 Mr. Magoo
Mr. Magoo's picture

I think they meant the quote from ole George W.

"There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again."

Tue, 02/12/2013 - 04:47 | 3236032 TNTARG
TNTARG's picture

So you're doing so well because you've been using the bloody "In God We Trust" painted paper?

I bought properties with several different argentineans painted papers. All but one are gone (the painted papers) but real-estate still mine. Land is mine. I took possession.

Which leads me to a question. When buying gold do they give u the real thing or just another printed paper?

Tue, 02/12/2013 - 09:54 | 3236076 Oldrepublic
Oldrepublic's picture

 

The value of one current peso (2013) is  more than 16,700,000,000,000 pesos of 1914 with the U.S. dollar as reference. 16.7 trillion

Mon, 02/11/2013 - 18:26 | 3234906 Peter Pan
Peter Pan's picture

Everyone is trying to escape reality by fleeing to another country either by moving there themselves or sending their cash. In the meantime these same people milk the corrupt system back home as best they can while the majority labour under tyrannical oligarchies that cater just for the few.

Charming Mr Black.

Just remember that in the end there are no paradises or places to hide when the system goes belly up.

Tue, 02/12/2013 - 05:12 | 3236051 Parrotile
Parrotile's picture

There may not be paradises, but for the imaginative and navigationally resourceful there are plenty of places where one may eke out a far from uncomfortable living, for a reasonably time (say 1-2 years).

If there IS going to ba a MAJOR Global problem, with today's weaponry most of the casualties will occur very early on. The civilian demise will be quite swift too - for the majority who, lets be honest, DON'T have a clue (nor are even interested), mean post-calamity lifespan is going to be months not years.

So, if we don't destroy the entire planetary ecosystem (which is always chillingly possible), maybe all you need to do is hole up for a year or two, then start looking around to re-establish your "new life".

Seems better than spending your last days in a bunker "defending" your stash of guns, gold'n'ammo.

Mon, 02/11/2013 - 18:26 | 3234907 steve from virginia
steve from virginia's picture

 

 

 

Distrust any spam-article that includes the word 'booming' in a description.

 

Why is it necessary for a place to be 'booming'? After the booms come the inevitable busts.

Mon, 02/11/2013 - 18:30 | 3234922 Gromit
Gromit's picture

Uruguay is now discouraging foreign capital, requiring a 40% bond before permitting (re)investment in government bonds.

Mon, 02/11/2013 - 18:31 | 3234927 prains
prains's picture

pleeeeeeeeease come to cheapenzuela, I'm sooooooooo lonely.

_simon

Mon, 02/11/2013 - 18:38 | 3234941 hannah
hannah's picture

the rich are scampering around like cockroaches looking for safety....and there isnt any. they fucked the whole world this time. when the SHTF the place to go will be uraguay to rob the wealthy.

Mon, 02/11/2013 - 19:03 | 3234985 Ineverslice
Ineverslice's picture

 

Yes yes...got to luv the Global Eco.

Uraguay?  Uranus. Ur-fucked.

Mon, 02/11/2013 - 23:36 | 3235605 DaveA
DaveA's picture

On the plus side, this might motivate rich people to start building rockets and colonizing the Moon. Your next pied-à-terre might not be on Terre.

Tue, 02/12/2013 - 02:05 | 3235929 Oldrepublic
Oldrepublic's picture

A near-Earth asteroid – called 2012 DA14 by astronomers – will pass very close to Earth on February 15, 2013.Good place to escape to!!!!

Tue, 02/12/2013 - 05:07 | 3236047 uranian
uranian's picture

Around 4 years ago, I travelled around Europe in an old motorhome, looking for some kind of refuge from the insanity. I ended up at an intentional community in the Basque country. Given ETA and the history of the Basques, I figured an anarchist Basque community would be reasonable. What I found was a community RFID chipping their sheep at the government's behest, and that the process they went through to make organic bread that they sold included removing chlorine, then adding it back at a later stage because the government didn't allow them to sell the bread if the water used didn't include chlorine.

Conclusion; you cannot get away from the madness.

Mon, 02/11/2013 - 18:51 | 3234961 Herdee
Herdee's picture

What?Argentina refuses to play the dirty IMF game.Shame on you for not allowing global banks to rape your people.

Mon, 02/11/2013 - 18:54 | 3234968 Whiteshadowmovement
Whiteshadowmovement's picture

Yeah if anyome is gonna rape the argentine people its gonna be the argentine government!

Mon, 02/11/2013 - 19:23 | 3235035 Harbanger
Harbanger's picture

The down vote goes to show you that grazers will never blame their govt.  It's inconceivable, it's their caretaker, so they just keep following the sheperd all the way to the slaughter house.

Mon, 02/11/2013 - 19:43 | 3235071 Whiteshadowmovement
Whiteshadowmovement's picture

Lol, dont think anything of it, I seem to have earned the distinction of an automatic downvote anywhere i post. Im flattered guys, really!

Mon, 02/11/2013 - 19:48 | 3235083 Harbanger
Harbanger's picture

If you don't get at least one down vote, a grazer probably missed your comment. :)

Tue, 02/12/2013 - 04:35 | 3236025 TNTARG
TNTARG's picture

"Grazers"?

Mmmm. 'Cos I'm a lady, just mmmmm.

 

Mon, 02/11/2013 - 19:00 | 3234981 diogeneslaertius
diogeneslaertius's picture

its called the New World Order

unless you intend to expatriate to Mars its time to circle the fucking wagons gentlemen

 

the time for running has passed.

Mon, 02/11/2013 - 19:01 | 3234984 Broomer
Broomer's picture

"Over the years, Argentines began using this country as a sort of bank account. They stashed US dollars in Uruguayan banks and bought up all the high quality agricultural and beach property they could as a means to hold assets outside of their home country.

Argentines have wisely learned through experience not to trust their government. Fool me once, shame on you. Fool me twice, shame on me."

Oh you Mr. Black.

http://en.mercopress.com/2012/04/25/uruguay-and-argentina-reach-agreemen...

"Uruguay and Argentina agreed to exchange tax data in a deal that gives Argentine inspectors the power to dig up information on savers with bank accounts in the neighbouring country, officials said on Tuesday."

http://en.mercopress.com/2012/05/21/bargains-forecasts-in-uruguay-as-arg...

"As much as it defies common sense, Uruguay entered into a tax sharing agreement that will scare off Argentine investors; the same group of people who are Uruguay’s biggest source of capital, investment, and innovation."

It seems the Argentinians were fooled twice. Shame on you indeed, I wonder how many of those invested on Uruguay following your advice.

Do you think if Uruguay folded to Argentina, it won't fold to the IRS?

Mon, 02/11/2013 - 19:16 | 3235019 bjfish
bjfish's picture

OK, I'm all in on Uruguay.  With Arg. imploding - its gonna be a good time to buy property soon.

 

Who's with me??  We can build "Camp Hedge", a community of ZH ex-pats.  Wait a minute, I'm not sure yo'all make good neighbors 

Mon, 02/11/2013 - 19:29 | 3235048 Chicken_Little
Chicken_Little's picture

Camp ZH? But would I have to share a bunk with Trav and shower with Million dollar Boner?

Mon, 02/11/2013 - 19:59 | 3235103 jimmytorpedo
jimmytorpedo's picture

But we like because they're assholes.

Not in spite of it.

My kind of friends.

Tue, 02/12/2013 - 00:27 | 3235476 willwork4food
willwork4food's picture

It takes a village..

At least all us ZH'ers are fundamentally & economically cool. However-  We do need to establish how many good looking girls we have on this rag, before I'm jumpin' in.

Tue, 02/12/2013 - 04:15 | 3236019 Zwelgje
Zwelgje's picture

Dude, we have Brazil to the north, Argentina to the south.

The pussy will be A OK.

Tue, 02/12/2013 - 05:17 | 3236054 Parrotile
Parrotile's picture

We're in (providing your Camp Hedge" has deepwater moorings). Getting a bit past the "row, row, row the boat me Hearties" thing these days . . .

Mon, 02/11/2013 - 19:32 | 3235054 rodocostarica
rodocostarica's picture

Simon Says? Simon sucks. He is full of shit. I get his daily email for a laugh. But the basic idea is good for those who can make the move. I know it aint for everybody since you have kids, jobs don't speak Spanish Etc Etc.

But I am happy as hell where I live with a $1400 year health insurance policy with world class hospitals, doctors where I just order up a colonoscopy every two years with no need for approval. Full heart stress test etc etc. Cute nurses too.

Rent is $160.00 month for two bedroom in very safe family oriented area in good sized town.  I could go on but Simon does have the idea right for any of you that can make the move and make an effort to learn Spanish and integrate into the community. Life aint bad and the chicks are super nice for an old guy like me at 57. And stacking is doable as well at total spot price.

Im starting on project to get a Ron Paul oriented community together where I live.

Rock on dudes.

 

 

 

Mon, 02/11/2013 - 19:38 | 3235065 bjfish
bjfish's picture

So, are you in Uruguay or Costa Rica (I'm interested in the cute nurses)?

They say Uruguay also has legal guns & grass.  Kinda like the ppl are free there ... lot of us probl'y would fit in if we brush up on spanish.

 

Mon, 02/11/2013 - 19:54 | 3235093 rodocostarica
rodocostarica's picture

Im in Costa Rica. But have been to Uruguay too. I loved it. Great country. Here guns are difficult but you can get one with licensing. But really no need. Do not live like a rich man and no problem.

Actually if you want go to the nicaraguan border check around and you can pick up an AK for $500.00 at the most if you negotiate. 

Nurses are super cute and nice.. Not all but enough of em. I feel totally free. Nobody bothers me.

It is all Pura Vida

 

 

Tue, 02/12/2013 - 02:07 | 3235933 Oldrepublic
Oldrepublic's picture

If you are in CR say hello to Jim Willie

Mon, 02/11/2013 - 19:34 | 3235057 Freddie
Freddie's picture

Doesn't the Bush clan have a big land holding in Uraguay?

Mon, 02/11/2013 - 19:41 | 3235068 bjfish
bjfish's picture

No, the Bush bug-out is in Paraguay.  Its kinda like Uruguay, but they spray paraquot on their weed.

Mon, 02/11/2013 - 19:50 | 3235085 Grin Bagel
Grin Bagel's picture

The Shrubs are in Paraguay

Mon, 02/11/2013 - 19:56 | 3235095 rodocostarica
rodocostarica's picture

i also vistied Paraguay and would never consider moving there. Uruguay is much better.

Tue, 02/12/2013 - 00:30 | 3235754 W74
W74's picture

I keep reading on the auxiliary blogs here that second passports to Paraguay are easy to obtain and that it's a decent country.  Seems like it if you don't mind Arizona/Texas type weather.  It's a landlocked country too, but easy to live cheaply.

Mon, 02/11/2013 - 20:18 | 3235142 Super Broccoli
Super Broccoli's picture

hey what about we buy some kind of island off the coast of a poor country somewhere and call it the ZH land ? we'll live by selling governement bonds to China till they find out we'll never pay ;-) then we can still make it for another few years selling the naked CDCs on our crapy bonds !

Mon, 02/11/2013 - 20:24 | 3235164 Super Broccoli
Super Broccoli's picture

no seriously how expensive could it be to buy some land from a bankrupted country such as Argentina, obtain independance and set up a free state that would actually attract massive investments from all over the place ?

Freedom is growth's engine !

Mon, 02/11/2013 - 21:52 | 3235392 TNTARG
TNTARG's picture

We defaulted. We're not poor. You have it all wrong.

Mon, 02/11/2013 - 20:33 | 3235188 JohnFrodo
JohnFrodo's picture

I have read this blog for a couple of years.  The reality makers seem to win every time. What would this blog have said in 1964?

Mon, 02/11/2013 - 20:35 | 3235196 TNTARG
TNTARG's picture

I live in Argentina.

I'm a free businesswoman.

I run three different business in the services' sector with +160 employees. Salaries are ok.

No accounts in Uruguay.

No need for US dollars except for travelling to Italy, were I have family. Most of other countries accept many other currencies. We have them from our banks at the official exchange rate.

Nice work, my people is ok (most of my employees are on vacation right now. It's summer. It's carnival).

"Argentina is gonna implode". It sounds to me you're referring to Europe, not to the country were I live and work and do research on global issues and teach.

Argentina's fundamentals are allright. Perhaps we're gonna devaluate? Maybe. That's not gonna make us "implode", considering the international mess in progress.

For you to know, about what's happening here:

- Big international corporations (Wallmart, Carrefour and others) are acting to drive prices up so to push inflation (no need to explain this kind of strategy, isn't it? If you're smart enough you don't buy from them). And they're not the only ones trying to fuck us up again as they're doing in Europe, the USA and sorroundings. Indeed:

- Big Oligarchy's cats managed tu unlease their dogs to put togheter some hundred of "protesters" who claim for US dollars and took the pans we were bangin back in 2001. The 2001's "caceroleros" you've seen on the film "Memoria del Saqueo" ARE NOT today's ones.

- The media... What do I have to tell you about the corporate media that you don't know already?

We'll see.

Mon, 02/11/2013 - 20:36 | 3235198 TNTARG
TNTARG's picture

I live in Argentina.

I'm a free businesswoman.

I run three different business in the services' sector with +160 employees. Salaries are ok.

No accounts in Uruguay.

No need for US dollars except for travelling to Italy, were I have family. Most of other countries accept many other currencies. We have them from our banks at the official exchange rate.

Nice work, my people is ok (most of my employees are on vacation right now. It's summer. It's carnival).

"Argentina is gonna implode". It sounds to me you're referring to Europe, not to the country were I live and work and do research on global issues and teach.

Argentina's fundamentals are allright. Perhaps we're gonna devaluate? Maybe. That's not gonna make us "implode", considering the international mess in progress.

For you to know, about what's happening here:

- Big international corporations (Wallmart, Carrefour and others) are acting to drive prices up so to push inflation (no need to explain this kind of strategy, isn't it? If you're smart enough you don't buy from them). And they're not the only ones trying to fuck us up again as they're doing in Europe, the USA and sorroundings. Indeed:

- Big Oligarchy's cats managed tu unlease their dogs to put togheter some hundred of "protesters" who claim for US dollars and took the pans we were bangin back in 2001. The 2001's "caceroleros" you've seen on the film "Memoria del Saqueo" ARE NOT today's ones.

- The media... What do I have to tell you about the corporate media that you don't know already?

We'll see.

Mon, 02/11/2013 - 20:43 | 3235221 espirit
espirit's picture

Do you want to get married?

Mon, 02/11/2013 - 20:55 | 3235256 BailoutBandit
BailoutBandit's picture

Manti te'o is already engaged to this girl.

Mon, 02/11/2013 - 21:03 | 3235276 espirit
espirit's picture

Visual image disparity.

Mon, 02/11/2013 - 21:49 | 3235387 TNTARG
TNTARG's picture

I don't put my face on for privacy reasons. Not in the net to fool around. But those are my legs.

Mon, 02/11/2013 - 22:18 | 3235420 espirit
espirit's picture

Not fooling. An Argentine associate, Roxanne Levin was also fluent in multiple languages including Hebrew.  I have deep respect for the hard working intellectuals of your county, and wish only the best possible outcome in such troublesome times.

Mon, 02/11/2013 - 22:48 | 3235493 ronaldawg
ronaldawg's picture

BS - I'm calling bullshit on Lady Kirchner here. Now blow me......

Tue, 02/12/2013 - 01:45 | 3235898 TNTARG
TNTARG's picture

What is your problem with the argentinean govt?

This woman has never spoken about socialism. She always claim she wants fair capitalism. What we read here as news from Zh she tells properly to the people when speaking. She isn't in my way, doesn't bother me. We're free as rarely were before. We are invited to do business. Taxes are low. She hasn't sold herself to banksters against argentineans, at least it doesn't look she has. Dealing with most of traditional peronist unions against her. With the IMF against the government. With corporative media, with the fucking élite against. I see her as an intelligent and capable woman with balls many man wish to have whit acceptable performance giving the circumstances. I'm not fond of her but she's ok, better than any western government, believe me.

What you read about us and our present government is what corporate media shapes for you to read. Do your homework: Kirchner is pretty ok.

Why has she gone to Cuba for saluting Chavez? Because when Argentina had defaulted and nobody gave a shit for our country, Chavez helped president Kirchner, her husband, so that Argentina could payd the debt with IMF and get some freedom. She's loyal and brave, I like that.

Do you want me to lie to you?

Tue, 02/12/2013 - 00:57 | 3235824 TNTARG
TNTARG's picture

Thanks. I guess we're gonna need hard work and a little luck, all of us...

Mon, 02/11/2013 - 21:03 | 3235278 shovelhead
shovelhead's picture

Jimmie doing the great Steve Goodman tune:

http://www.youtube.com/watch?v=kVfrIfwXFSQ

 

Tue, 02/12/2013 - 03:37 | 3236003 silverdragon
silverdragon's picture

For the record Simon is building a community of ZHers in Chile, near a second tier city. The plots of land are affordable.

Personally, Thailand or the Phillipines works way better, beautiful beaches, sinshine, cheap accomodation, cheap food and beer etc

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