With the recent devaluation of the Argentine peso, the loss of American jobs, and a growing unemployment crisis, investors are seeking better rates of return abroad. One of the most popular options is to invest in Argentina, especially in Buenos Aires.
Since 2000, the price of real estate in Buenos Aires has increased 449%, according to a report by Dentsu Aegon Advisors. Even apartment complexes outside the city center, which were less expensive when compared to the city, have seen a price increase of 553% during this time. In other words, buying property outside of Buenos Aires is becoming a losing proposition.
Fortunately, there is still one major attraction to Buenos Aires. It is the quality of the services they provide, a quality and availability of which can be claimed by no other city. Some may say that they are spoiled for choice, to which we would reply that we prefer to provide those services in our own backyard instead of overseas.
Another factor that has made Buenos Aires an attractive destination for investment is the Argentinean government’s approach to its citizens’ ability to save for their retirement. Argentina has achieved unprecedented success in this regard. Since 1981, the percentage of Argentines living off savings has been over 30%. Now it is close to 40%, while the percentage of “rich” has increased from 15% to 30%. In 2003, the average net worth for a person was 10 million Argentineans.
The Argentinean government is making sure that its citizens are able to live well with a high quality of life, something that the citizens of many countries have long claimed as a right. For most people, this means having enough money to cover their basic needs, allowing them to pursue their passions, buy the things they want, vacation, travel, and to put away extra funds for their retirement. It also allows them to pay off their mortgage and other debts, and to provide a comfortable retirement for themselves and their loved ones.
* If you’re looking to make your money work harder for you –
* If you’re looking to become a millionaire, this might not be the best place to start, but if you’re in Argentina and you want to live well, this is one of the best options available.
* If you’re looking to be able to cover your basic needs and want to pursue your passions – this may be the best option available.
As more and more people opt to retire in Argentina, the country is experiencing an unprecedented boom in popularity. This popularity has spawned a property frenzy, with prices rising at an alarming rate. Many people have become millionaires in the past few years, through their investment properties. These properties typically have a value of between 50 and 250 million Argentineans, or approximately $20,000 to $2 million. In a country of 85 million, that is less than 2% of the population. However, this investment property boom has already sparked social unrest. Many middle-class families, who have already purchased their properties, have found themselves with property taxes of 80% of their investment. They have taken to the streets and government officials have responded, with tear gas and rubber bullets. While this property frenzy is happening in Argentina, it is happening in countries around the world. Many US citizens have taken to the streets in countries like Thailand and Spain, protesting high property taxes. Others have taken to social networking sites, such as Facebook and Twitter, to air their grievances with the tax policies of their respective countries. While none of the above situations are the same as what is happening in Argentina, they are symptomatic of a worldwide problem that is growing worse by the day.
The world is facing a severe shortage of labor, meaning that we will not be able to continue to have the economic expansion that we have experienced over the past few years. The result has been that prices have continued to go up, pushing out more and more income for a larger percentage of the population. This is what we are seeing now.
The result of this will be that more and more people will go on strike, and this will be seen around the world as being an issue that needs to be addressed, and one that the governments will not be able to continue to prop up the housing bubble. This is what we are seeing now.
This is going to cause a domino effect in the economies of the countries in the Global North, as the Governments will begin to have to respond. They are already reacting to the demand for their fiat currencies in Latin America, as many countries in Latin America, especially Argentina, are abandoning the dollar and moving toward the dollar in trade and investment. This is going to be the fallout of the economic issues in the US, and when it is complete, it will be as if the US had never happened, and the Global North will be in a slow, but steady decline.
Here is the domino effect.
When the Latin American countries start to do what Argentina has already begun to do, it will have a domino effect on every country in the Global North. Some will start to move in the same direction, and some will move in the opposite direction, but every country in the Global North will move in one of two directions. It will either move toward the economies of the South, or it will move away from the South, toward the North.
The South will begin to respond as Argentina has already begun to, and this will cause the North to move in the opposite direction, as nations in the North begin to move away from the South and toward the North. Here is a chart of the process.
This is what we are seeing now.
The consequence of this will be a slowdown in economic activity in the North and an acceleration in activity in the South. This will be reflected in the weather in the Northern and Southern hemispheres. In the Southern hemisphere, it will be drier and cooler in the summer months. In the Northern hemisphere, it will be wetter and warmer.
The next several months will demonstrate the full effects of these dynamics, but you can see the trend already.
The US economy is near a recession and is likely to remain so until the economy fully adjusts to the decline in demand from abroad. In the past 18 months, the price level has fallen for the first time since 2011. In the UK, house prices have fallen for the first time since 1991. In Japan, it is raining money, as stocks and corporate bonds are continuing to set record after record after record.
This is what you should expect, as the North will move into the South and the South will begin to move away from the North. We will also see continuing deflation in the currency markets, as there will be less buying power to support the currencies in the currency markets.
The effects of these forces are not simply inflationary, as you can offset any inflationary effect by reducing the money supply. The North will reduce the money supply to reduce inflationary pressures, and the South will reduce its money supply to offset the deflationary pressures. As the North moves in and the South moves out, these movements will eventually cause the economies of both hemispheres to move in opposite directions. This is the definition of a recession.
This will be the recession of the era. The recession will take a few years to play out, and the effects of this will be felt for decades to come. It will be felt by all in the economy, and in every area of financial activity. You can take advantage of these forces, but you can also resist them if you choose. The choice is yours.