So my questions are these:
*Hypothetically, supposed someone had a tax free stady income of veteran disability benefits of around 2,600 USD and a back pay of the benefits to 2002 of around 70 - 80k Euro, would now be the time to think of moving to Iceland and buy a house in cash?
*Or would the inflation and import food stuffs, basic cost of living, negate what ever advantage of dollar worth that may be gained?
*Lastly, what are the chances of the dollar following the Krona?
Thanks for any answers in advance.
I am actually concerned about now, today, how are they going to feed their citizens when they cannot buy even the food in port.
I came across a report on South America where there are wheat shipments on the dock in Brazil but no one can get the credit to buy and distribute it.
As we say in the Army, everything is going to shit, what is your go to shit plan?
Air traffic though... But there are ways to make air traffic cheap again, if we're just willing to radically reconsider what flying is about, and how we arrange the internal infrastructure of airplanes. ;) Peak oil is not an energy crisis. It is a liquid fuel crisis.
You have to compare your $2,600/mo with the prices of food and energy. These being commodities with global markets, the exchange rates more or less cancel out and it doesn't matter where you live, to a first approximation.
The last place I'd put €70-80k in cash is into real estate, right now. Liquidity is at a premium and will be for a long time. A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
