- Joined
- Mar 3, 2011
- Messages
- 3,006
Lot`s of people thought Cyprus was a GREAT place to do business and banking... How`s that working now?? "no more than" 40% haircut on all accounts over 100k!! The new model for europe it looks like. Any country using euro is gonna be fucked over the next 3-4 yrs. It will be interesting to see how the middle east, bahrain does, when oil falls down to the $30`s again over the next few yrs. USA LAND OF THE FREE (MOSTLY) AND HOME OF THE BRAVE. We will rise again, once generation Y hit`s their 40`s and all the baby boomers die.
Seeing how this plays out with the European crisis will be very interesting I will admit. Bahrain has little to no oil, its primary industry is finance. Oil will never fall to the 30s mark. Remember the US used to be the only mass purchaser of oil... Now there are several... Pre growth rates will never return unless china decides to pull a houdini act.
No, it's not a crazy viewpoint, it's my opinion, and not all of us small business owners can move to Dubai, or wherever. My farm, family, and business is here in the US, and it ain't rocket science to keep taxable income low, but regardless, i'm very happy where i'm at, and $ cannot buy that.
I think you are mistaking what I am saying. You do not have to MOVE. It is a change of citizenship, for the most part (Depending on the country you desire) it is a relatively inexpensive process and residency is not always required.