-Many expat wanabees want to move to Latin America but have lingering high school and college memories of revolutions, coups, Noriega, Ortega, Castro, Colombia’s FARC and the burnt-out hulls of cars- as seen on the six o’clock news. How much has it really changed? People want to know the truth about the political situation and how safe their investments will be.
-How and why Latin governments work (err… don’t work), and how the revolving door of corrupt imbeciles in power continues unabated...
-Many expat wanabees want to move to Latin America but have lingering high school and college memories of revolutions, coups, Noriega, Ortega, Castro, Colombia’s FARC and the burnt-out hulls of cars- as seen on the six o’clock news. How much has it really changed? People want to know the truth about the political situation and how safe their investments will be.
-How and why Latin governments work (err… don’t work), and how the revolving door of corrupt imbeciles in power continues unabated.
-Now for yet another blatant Latin govt. corruption angle you’ve never heard before…
-And just when you thought you’ve heard everything- here comes another astounding true story that proves beyond a doubt that expats and wanabees should have no fear of the Latin political system. And if you doubt the veracity of this particular story… there were three very reliable eyewitnesses!
-More bad news out of Argentina:. the utility companies are cutting off power to selected cities and municipal districts one by one. And its not because of brownouts or rolling blackouts. Turns out, certain bloated local govts with ever-shrinking tax bases have run out of money and have not paid their utility bills for over a year and a half! And of course the usual idiotic solution is to raise taxes and hire more govt employees. (and by the way, how delinquent can you be before they cut your power, one month maybe?)
-Actually I’ve saved the best (er,.. worst) news about Argentina for last.... did you know that Argentine import taxes are now so high that buying a common Toyota RAV4 there ($24,235 in the USA) will cost you $42,600- almost double? And don’t think you can ship a used vehicle down and slip through the tax cracks. If you ship you’ll pay 80% tax on the book value of the car plus about $3000 in shipping costs. Bottom line…regarding Argentina… the guys who've invested big bucks there ( like investor/newsletter writer Doug Casey), thinking it was an off-the-map "Galt Gulch" style paradise, are fooling themselves.
-MY JANUARY 2013 LATIN AMERICAN SEMINAR IS OPEN FOR REGISTRATION: Go to www.ExpatWisdom.com to get complete details. There may be one or two spots left, so don’t miss out.
- A quick update for loyal listeners; please consider joining our growing social media community. Just search for Expat Wisdom on Facebook or Twitter, and you’ll never miss a breaking report or an important expat update."
-I’ve put together a mixed media program specifically for expats and wanabees called the 'New 5 Flags'. Just head over immediately to ExpatWisdom.com and get all the details. I promise you won’t be disappointed.
-Follow the link on the main page at www.ExpatWisdom.com to schedule a consultation with me. If you want to discuss the details of living, working, playing, doing business and/or retiring in Latin America, now you and I can talk about your situation one on one
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