Common Misconceptions and Making a Living in a Foreign Country

By: Jeff Berwick | Wed, Apr 25, 2012
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The following is an excerpt from this week's Interim Update issue of The Dollar Vigilante


 

It's one of the top questions we get. If I expatriate, how can I make a living in a foreign country? After all, not all of us have sizable amounts of savings that we can nestle upon. In fact, most in the western world don't after they've had most of it siphoned off by the state. And even those who think they do, and have a bank account flush full of green pieces of paper or who receive large government pension cheques backed by those same Federal Reserve Notes will soon find out that their "wealth" was illusionary.

In this article we will discuss first some common misconceptions of the opportunities in the world today and then get into more specifics about the opportuntities we see outside of the western world and some ideas on how to take advantage of them.


Common Misconceptions

The west is fraught with misconceptions. The majority of what almost everyone believes is just not true - it's what makes living there next to impossible for free-thinkers. But here are a few common misconceptions that relate to the topic we are discussing today:


Escape From America

Again, if you are stuck in old paradigms, you will not see the massive changes going on all around you. Lou Dobbs is a perfect example of this. Every night on Fox he'll decry foreign workers from sneaking into "our" country and stealing "our" jobs. There's just one problem. Everyone's leaving. In fact, Lou should move his schtick to Mexico and decry the influx of Americans into Mexico as a recent Pew Research Report states, "In the five-year period from 2005 to 2010, about 1.4 million Mexicans immigrated to the United States and about 1.4 million Mexican immigrants and their U.S.-born children moved from the United States to Mexico."

For first time since Depression, more Mexicans leave U.S. than enter

Many of them are Mexicans who are returning to Mexico. This snippet from a Washington Post article shows why:

It is better to be unemployed in Mexico than to be unemployed in the United States, he said, because most migrant workers leave their families in Mexico. "They miss the warmth of being in a welcoming community," he said, adding that with tougher border control and more deportations, Mexicans would rather be in a "precarious situation than in a situation of fear."

That's not the only reason, either. There are simply more opportunities in Mexico than in many parts of the US now despite all the propaganda about there being a deadly drug war and the Obama administration running guns into the country. It would come as a big surprise to most Americans to hear that the Mexican stock exchange has gone up nearly 1,000% percent in the last ten years.

MXs IPC Weekly Chart

Now, as with all stock markets today, you have to take the numbers with a large grain of salt as they don't account for inflation and the Mexican peso money supply likely plays a significant role in the rise... but certainly prices have not risen four fold in Mexico since 2005... but the Mexican stock exchange has.

A net rise in Mexican immigration vis-a-vis the US and a booming stock market? Maybe the government and the media aren't telling you the whole story!


Seeing It For Yourself

This is why "seeing it for yourself" is the only way to go. The governments and media is so full of propaganda and skewed world-views that it is actually dangerous to your mental health to pay attention to them.

Even listening to friends or trusted sources can't possibly give you the big picture about any one location. Even if you were able to clone yourself and send a different clone off to the same location every week for a year, they would all have different perspectives on the area. That is because our views are formed by our experiences and it is impossible for two different people to have the exact same experiences. All it takes to ruin a location for many people is one pickpocket... and all it takes to make a place the most wonderful paradise on Earth is for you to cross paths with one beautiful girl who you fall in love with.

For this reason it is imperative to visit any location in which you are considering living and spend a significant amount of time there first. Of course, you can listen to like-minded people are publications you feel you can trust, like TDV, but that just gives you the big brush picture. You'll never know if a place is right for your until you actually go there.

Now, once you get there, here are some thoughts on making a living in a foreign country...

 


To read the rest of this article and find out the opportunities that the rest of the world has to offer, including a detailed way to start up a hotel in a foreign country with no money down, subscribe to the Dollar Vigilante today

 


 

Jeff Berwick

Author: Jeff Berwick

Jeff Berwick
Chief Editor
The Dollar Vigilante

Jeff Berwick

Anarcho-Capitalist. Libertarian. Freedom fighter against mankind's two biggest enemies, the State and the Central Banks. Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast. Jeff is a prominent speaker at many of the world's freedom, investment and gold conferences as well as regularly in the media including CNBC, CNN and Fox Business.

Jeff's background in the financial markets dates back to his founding of Canada's largest financial website, Stockhouse.com, in 1994. In the late '90s the company expanded worldwide into 8 different countries and had 250 employees and a market capitalization of $240 million USD at the peak of the "tech bubble". To this day more than a million investors use Stockhouse.com for investment information every month.

Jeff was the CEO from 1994 until 2002 when he sold the company and still continued on as a director afterwards until 2007. Afterwards, Berwick went forth to live on and travel the world by sailboat but after one year of sailing his boat sank in a storm off the coast of El Salvador. After being saved clinging to his surfboard with nothing but a pair of surfing shorts left of all his material possessions he decided to "live nowhere" and travel the world as spontaneously as possible with one overarching goal: See and understand the world with his own eyes, not through the lens of the media.

He went on to visit nearly 100 countries over four years and did and saw things that no education could ever teach. He met and spoke with a plethora of amazing people, from self-made billionaires to some of the brightest minds in finance - as well as entrepreneurs from a broad range of backgrounds and locations from tech companies in southern China to resource developers in Mongolia, Thailand, Russia and Chile. He also read everything he could find on how the world really works... politically and financially. A pursuit he continues to this day.

He expatriated, long ago from his country of birth, Canada, and considers himself a citizen of the world. He has lived in numerous locales since including Los Angeles, Hong Kong, Bangkok and currently lives in Acapulco, Mexico and is building a home in Cafayate, Argentina. In essence, everything he writes about here for TDV he has done or is doing.

As well, during his travels, both real and virtual (through the internet), he met some amazing people who have a similar shared vision of what is currently going on in the world and enticed them to come aboard TDV and provide their own brand of analysis.

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