Which state can I move to to opt out of the national debt?
Re:A Ponzi scheme that works
by steveplace on Saturday December 26, 2009 @12:30AM
(#1015746)
Sidestepping the question, let's ask:
1. If the US defaults, what country can I move to that will substantially increase my odds of success?
2. If fiat currencies hyperinflate, [same question]?
There's a very, very short list to answer those questions.
Hmm. A country that:
1) doesn't hold US debt and does not do substantial trade with the US (sorry Canada, Japan, Mexico, et al)
2) Has large reserves of gold, petroleum or industrial minerals.
3) wants skilled English-speaking immigrants
... that leaves South Africa, Brazil, and... maybe AU?
Re:A Ponzi scheme that works
by steveplace on Tuesday December 29, 2009 @08:15PM
(#1021708)
If you have 2, then you need 1. I'm thinking about Brazil's offshore reserves.
Re:A Ponzi scheme that works
by tokenadult on Friday December 25, 2009 @08:57PM
(#1015602)
That would involve a move to a different country. What country do you prefer on that basis?
All but 16 countries have lower external debt per capita, so there's a fair amount of choices:
http://en.wikipedia.org/wiki/List_of_countries_by_external_d...
If debt is your only criteria, then Oman is your best bet: http://en.wikipedia.org/wiki/List_of_countries_by_public_deb...
That's one of the secrets of the United States. Federalism allows citizens lots of lifestyle choices, while still building a great deal of national cohesion. And that variety state by state is what produces a uniform attractiveness to immigrants (the main point of the submitted article) that keeps the United States growing and innovating.