-Just like in the US, Latin governments are terribly corrupt… so the next duly (or unduly) elected chief thief nearly always finds the coffers empty. But no matter…. the next scumbag party chief thief in power does as every careless spendthrift government does and floats a new bond issue to cover the debt of the previous bond issue. Meanwhile, the earlier bond issue that was floated by a previous corrupt administration never quite covered an even much earlier bond issue, etc., etc., ad infinitum. The fact is, old bond issues are always out of sight and out of mind… and all part of the bigger fool theory- on an international scale.
-Everyone with a brain knows the employment situation in the USA is dismal and getting worse. If so, why are the monthly “remisas” (i.e., the small amounts money sent back to Latin American households by relatives by mostly illegals living in the USA) at absolute record high levels? How can one explain it- what’s wrong with this picture?
-You might be aware that the US government federal debt burden per US citizen works out to about $59,000 each. So then, what might be the equivalent debt burden per capita for citizens in the various Latin countries; like for example Peru, Panama, Mexico or Costa Rica? Well, the answers are so surprising I’m not gonna tell… you’ll just have to listen and hear it for yourself.
LATIN AMERICAN SEMINAR NOTICE: If you’re interested in attending the next, week-long, Latin American Expat Wisdom seminar (and to get in on the early-bird discount) copy this link http://expatwisdom.com/?p=7230 orsend an email to theexpatfiles@gmail.com or johnny@expatwisdom.com. The next adventure will take place in the second week of July, 2015.
–SCHEDULING A PHONE OR SKYPE CONSULT WITH JOHNNY: Follow the link on the main page at www.ExpatWisdom.com to sort your plans, thoughts and ideas on living, working, playing, doing business and/or retiring in Latin America.