Move to Panama
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by Russell D. Longcore
Here at DumpDC.com, we are about secession. We beat the drum for individual states rediscovering their sovereignty and bidding farewell to the United States of America. We believe that the only possibility for individual liberty and property rights on the North American continent is for states to secede and become nations.
But let’s face some reality. The states are mired in perfidy and are entirely beholden to Washington for much of their budgeted revenue. So, in order for the states to consider secession, something will have to come in between DC and the states.
That event will be the economic collapse of the US Dollar. It can come in a couple of forms. First, it could come in the form of a bond market collapse, as nations around the globe shed US Debt instruments. Lots of foreign nations own US Debt. It only takes one nation to dump a bunch of Treasury debt on the bond market to bring the whole thing crashing down. And when I say “crashing down,” you need to think about what happens at an auction. If someone was selling a dozen widgets, the price would be within a range of high and low. But what if someone came to the auction and offered a thousand dozen widgets? Now there is massive supply, and prices plunge. But for anybody else at the auction that had widgets, their prices would also plunge. So at some point, the prices for ALL widgets plunge. The widget sellers figure they have to sell at some price before the widgets are worthless. So a crash happens.
Second is a scenario related to the first. The Federal Reserve has already announced Quantitative Easing III, in which the Fed will continually buy US Treasury debt. So, in reality, the Fed has become the buyer of last resort. In order to try to keep the bond market from collapsing, and to prevent a scenario like the first one, the Fed will buy up US Debt by printing money wildly. The problem that creates is hyperinflation. Too much money chasing too little goods means the buying power of the money decreases. Pretty soon, the money becomes absolutely worthless. Long before that, while the nation is still suffering hyperinflation of perhaps 50% per day, the economy will collapse. Banks will likely suspend operations and all electronic cash machines and card readers will stop working.
The Shyt Will Officially Have Hit The Fan.
You may not want to remain in the United States during that period of chaos. No one would blame you for wanting to avoid the carnage that will ensue. But what does one do?
You might consider an Escape From America.
Actually, if this idea appeals to you, you should begin a very serious investigation of expatriation TODAY. The chances are overwhelming that Washington will cancel passports and close the US borders to US citizens that wish to leave. Even at that, they might allow you to take yourself and your family out of the country, but you will likely have to leave your assets here in America for DC to confiscate.
So, let’s get to the point of the subtitle. You should seriously consider Panama as a destination.
I began my investigation of an escape from America back in 2001. I began reading a website called Escape Artist. They explored expatriation to all corners of the globe. (OK, I know a sphere has no corners…it’s a figure of speech.) After an extensive amount of research, I decided that I needed to visit Panama. In March 2007 I spent an extended vacation in Panama. My hopes were confirmed. I love Panama.
Top 15 Reasons to Relocate to Panama
1. Dollar denominated currency
At this point, the Panamanian Balboa and the Dollar are tied to each other. If you relocate before TSHTF, you’ll be able to use your dollars freely throughout the nation. After the dollar melts, it will be anybody’s guess what Panama will do. But my opinion is that they will choose money that suits the rest of the world, since Panama relies on the world for most of its income. And China has made very serious investments in Panama recently, so you might consider that in your evaluation.
2. Year-round growing season, abundant fresh food.
Matthew 24:20-21 “But pray ye that your flight be not in the winter, neither on the sabbath day. For then shall be great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be.”
If TSHTF in fall or winter, what will you be doing to feed yourself and your family? There are very few places in the continental USA that have climates that sustain year-round growing seasons. Panama is near the equator, and the soil is volcanic. Stick nearly anything in the ground in Panama and it will grow year around.
3. Abundant clean water
Panama has a rainy season that fills the rivers and lakes and aquifers every year. I’ve drunk Panama tap water and never had one problem with it…and it’s delicious. Moving into the future, many nations will have potable water shortages. Not in Panama.
4. Tropical climate, little HVAC required
Panama is about 8-9 degrees above the equator, so it’s a tropical climate. But there are prevailing westerly breezes off the Pacific that temper the climate. Panama City is as hot as you might expect. But temperatures in the Panama highlands are 10-15 degrees cooler. Imagine living in a place where the temps never go below 60 and never above 85…year around. One of the most surprising things I discovered is that houses built up in the highlands are not built with a central heating system. Wrap your mind around that. Think how much money you would save if you didn’t have to heat your house.
5. Government is stable
Panama is well run. Sure, there is corruption. What government doesn’t have corruption? But post-Noriega Panama has been run pretty well.
6. Government is pro-immigration
Panama welcomes immigration. The resident visa program is very popular. The “Turista Pensionado” visa is the best known. Anyone entering the country as a qualified pensionado is guaranteed to retain that legal status as long as they choose to stay in Panama. And you do not have to be a retiree to qualify for this visa.
7. Panama has the Pensionado program
Panama has the Pensionado Program for retirees. Discounts and tax benefits of all sorts are offered to retirees. Check it out.
8. High-tech backbone for the Internet
All of the fiber optic cables that connect the entire world run along the bottom of the Panama Canal. Consequently, a high-tech community has sprung up in Panama. Internet connection speeds are blindingly fast for obvious reasons.
9. Panama has no taxes on income earned outside Panama
This is a huge benefit, and stands in stark contrast to the US which taxes Americans globally. In my own situation, 100% of my business activity is outside Panama, but with the bandwidth and speed of the Panamanian Internet, I could live there with no Panamanian tax liability. And your pension or Social Security payments can be sent anywhere in the world.
10. National economy growing
The Panama Canal is being expanded to accommodate Supermax shipping. The canal is scheduled to be completed by 2014. Canal income will skyrocket for the Panama government. Their economy is growing by over 8% per year, and will continue into the future.
11. English widely spoken
Because of the American presence in the old Canal Zone for the past 100 years, English is widely spoken. Sure you should learn Panamanian Spanish, the official national language. But it’s great to be able to speak English most everywhere in Panama.
12. Only four hours by jet back to the USA.
Miami and most of the South and West is a four-hour plane ride from Panama City. I catch a jet in Atlanta and step off the plane in Panama City four hours later…which is due south of Atlanta.
13. Low cost of living
Panama has one of the lowest costs of living in all of Central and South America. An average house can be built for less than $50/square foot. Learn more at that link in #7.
14. Escape US regulations
Think of all the Washington regulations that you won’t have to deal with simply because your physical body is no longer in America. Here is an example. Isuzu makes a four-door club cab pickup with a terrific four-cylinder turbo diesel engine. Isuzu does not sell this vehicle in the USA, but the rest of the world can buy it. I will buy one when I get to Panama.
15. Dual citizenship available
Panama offers dual citizenship, but it’s expensive. You must live in Panama for five years in order to apply for citizenship. Knowing Spanish and Panamanian history are also required. Proving your financial solvency, your medical condition and many other “paperwork” details are also included in the process. But it can be done. First, move there. Then decide if becoming a Dual Citizen is to your advantage.
There are lots of cool places to choose for expatriation. One of the most important things you must remember is that, unless you are an American Indian, your ancestors expatriated to the USA. My people came from Germany in 1742. I think often of Johann Jacob Langhaar, our patriarch, who brought his wife and infant son to America. He left family, friends and his family history to start anew in America. What motivated him? Was he moving to…or fleeing from?
You’re going to have to make the same choices. Even no choice is a choice. You either plan and choose your life, or react when TSHTF.
DumpDC. Six Letters That Can Change History.
© Copyright 2012, Russell D. Longcore. Permission to reprint in whole or in part is gladly granted, provided full credit is given.