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<blockquote data-quote="vantexan" data-source="post: 4569656" data-attributes="member: 24302"><p>I&#039;m headed to Argentina as soon as it reopens.&nbsp; Argentina is going through an economic crisis that might take decades to work through.&nbsp; They have something unique going on.&nbsp; They have their official exchange rate, and they have what&#039;s known as the blue rate.&nbsp; The blue rate is what they&#039;re willing to pay for U.S. Dollars(even more for Euros or Pounds).&nbsp; Western Union started last year giving a little bit under under the blue rate if you send money to yourself from your U.S. bank account using your debit card.&nbsp; Right now $1000 sent to you by Western Union will give you about $1670 worth of Pesos at the official exchange rate.&nbsp; That makes Argentina even cheaper than India for Americans and Europeans.&nbsp; Why do they want our money?&nbsp; Their Peso is eroding quickly and the Dollar holds its value by comparison.&nbsp; Imagine if you are trying to save in Argentina and in a year your Pesos lose half their value.&nbsp; American expats are their doing this right now and as you can imagine are very happy.&nbsp; Covid-19 threw a curve into my plans, but hopefully before the year is out they&#039;ll be reopened.&nbsp; I&#039;m taking Social Security at 62.&nbsp; I&#039;ll be able to put my FedEx pension into savings plus part of my SS.&nbsp; Should allow at least $28k in annual savings for 5 years until my FedEx pension drops way down.&nbsp; Argentina is almost as big as India but with only about 44 million people.&nbsp; Has parts to it that are stunningly beautiful.&nbsp; Look up Argentina Lakes District.&nbsp; And Elon Musk&#039;s Starlink satellite internet is supposed to go worldwide in 2021.&nbsp; 600 mbps+ with low latency.&nbsp; Will have great internet plus American tv there so in my apartment it&#039;s a little slice of America.&nbsp; And before anyone reams me my wife is staying in the States until her daughter gets through college.&nbsp; She wants me to get started on this as soon as possible and will join me when we both get our SS.&nbsp; I&#039;ve looked at a lot of places, have been to some very cheap countries, never have seen anything like this.&nbsp; And Argentina has a middle class.&nbsp; It&#039;s more a developed nation with serious financial problems than a developing nation that&#039;s seriously lacking in many areas.&nbsp; And violent crime wise is safer than the U.S.&nbsp; It&#039;s not perfect, but it is an opportunity that rarely comes along.</p></blockquote><p></p>

[QUOTE="vantexan, post: 4569656, member: 24302"] I'm headed to Argentina as soon as it reopens. Argentina is going through an economic crisis that might take decades to work through. They have something unique going on. They have their official exchange rate, and they have what's known as the blue rate. The blue rate is what they're willing to pay for U.S. Dollars(even more for Euros or Pounds). Western Union started last year giving a little bit under under the blue rate if you send money to yourself from your U.S. bank account using your debit card. Right now $1000 sent to you by Western Union will give you about $1670 worth of Pesos at the official exchange rate. That makes Argentina even cheaper than India for Americans and Europeans. Why do they want our money? Their Peso is eroding quickly and the Dollar holds its value by comparison. Imagine if you are trying to save in Argentina and in a year your Pesos lose half their value. American expats are their doing this right now and as you can imagine are very happy. Covid-19 threw a curve into my plans, but hopefully before the year is out they'll be reopened. I'm taking Social Security at 62. I'll be able to put my FedEx pension into savings plus part of my SS. Should allow at least $28k in annual savings for 5 years until my FedEx pension drops way down. Argentina is almost as big as India but with only about 44 million people. Has parts to it that are stunningly beautiful. Look up Argentina Lakes District. And Elon Musk's Starlink satellite internet is supposed to go worldwide in 2021. 600 mbps+ with low latency. Will have great internet plus American tv there so in my apartment it's a little slice of America. And before anyone reams me my wife is staying in the States until her daughter gets through college. She wants me to get started on this as soon as possible and will join me when we both get our SS. I've looked at a lot of places, have been to some very cheap countries, never have seen anything like this. And Argentina has a middle class. It's more a developed nation with serious financial problems than a developing nation that's seriously lacking in many areas. And violent crime wise is safer than the U.S. It's not perfect, but it is an opportunity that rarely comes along. [/QUOTE]

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