Why the COST OF LIVING IN BELIZE is forcing Retirees and Expats to leave for greener pastures!

This video details how inflation and the cost of living has increased so much in Belize that some are leaving to find cheaper countries to live in. Money just doesn't stretch in Belize anymore.
here is the link to our video from a few months ago. The cost in this video has doubled since we filmed it. Belize is way to expensive now...
• Monthly cost of food i...

[@williamfeeney9581]

Having dappled in farming for 10 years, I don't understand why people do not plant gardens? Lettuce, tomatoes, and cukes can be grown by a blind man! A 10x25SF garden will save a family over $5000 a year. Self-reliance is coming back the world over.................

[@WhereToNexxt]

@williamfeeney9581 great comment 👍 thanks for watching 😁

[@bipl8989]

@@williamfeeney9581 You need a bit of land to farm. Its not an option for everybody living in the cities. Cities are where you see real poverty. Country folks have no money, but they eat off the land. They don't need so much money. They get by.

[@ViceCoin]

Dependent on nice weather, on a dying planet. More efficient to make money online, and buy food. Poor southern US states rely on agriculture.

[@puravida5683]

Same thing here in Costa Rica. On top of inflation, the government has added a 13% Value Added Tax on goods and services.

[@ernstgoldman3634]

Costa Rica is beautiful (except for their hideous capital city). However, I stopped at a farmers market up in the mountains and saw jaw dropping prices of locally grown strawberries. We have pick your own in season in our state or imported in supermarkets for half the price.

[@PULLINGPOKEMON]

@@ernstgoldman3634San Jose is beautiful you just have to go to the right parts. But the whole country has become unlivable. They have gringo priced the crap out of everyone for so long that they are now gringo pricing themselves to death. After 6 years I am done and I’m sure many will follow. The import taxes on EVERYTHING are killing the country and investment.

[@donalbershardt9290]

Look at your Reciept again it Actually Turns out to be 14.5 %

[@dianaj3139]

Thank you for reviewing this topic. The advantage of living in Belize, would be owning your property outright, growing your own food ... I agree with your assessment, on why the poor are being pushed out. This is a global issue. I own my own home, but it's getting more expensive to shop at a store... I wish I had been more prepared for this... I did have my own chickens and garden... but I haven't been very good at keeping up with it all... still I am happy for my orchard and vineyard.... My neighbors house payment is over 2 thousand for a 2 bedroom OLD house! So guess it's good to own. Hope you are doing well.

[@WhereToNexxt]

Hi, yes it seems to be everywhere right now and only getting worse. Thanks for watching and leaving a great comment. 😁 stay blessed....

[@jaxflRealtor]

@@dianaj3139 I think that you would find it worthwhile to have someone come in periodically to tend your garden for you since labor is so cheap, they can get paid and also get some of the produce to take home may even have excess to exchange and or sell.

[@jaxflRealtor]

@@WhereToNexxt it is indeed a global issue, I find it more severe in the states, just spent over 5 months in Belize and rather to be there than here, car insurance is a killer here pay for a year in Belize what I pay for a month here in the States, so I parked mine and is now using my wife’s which is almost always parked.

[@sein3722]

Are you planning to go back to the US cause it's so expensive in Belize now?

[@WhereToNexxt]

@@sein3722 not anytime soon.

[@jeeveswinston2545]

The gas prices floored me. We didn’t factor in gas when we traveled and explored the country. $10/gal is painful, crappy rental, land travel was very expensive. Farm stands had awesome, fresh tasty food. But How TF do locals travel. We picked up hitchhikers constantly and folks were respectful and grateful. What we were paying in gas, might as well bring as many folk as you can along the way…

[@WhereToNexxt]

Great comment... there is a saying here that NO ONE HATES BELIZE MORE THAN BELIZEANS. I really don't know how most are surviving here making 5BZD an hour 😩...thanks for watching the video.

[@SaboresTiaIna68]

Gasoline is about $1 per liter, and diesel a bit more in Paraguay. And people are complaining about the price here.

[@bzb2932]

Sad to hear this. I moved to Belize in 2002 and left in 2008. I lived in Central Farm in a rental house for $85/month US. I owned a business in Belmopan. I learned a lot about the country and it's politics. The country revels in their own resistance to creating their own wealth! There has been many opportunities to be independent, but the corrupt politicians rejected all of them. This is happening in a lot of places in the world. Beers? I thought there was only ONE beer in Belize-Belikan?

[@WhereToNexxt]

Lol great comment 👍 thanks for Watching and sharing your story.

[@DonMason-cv6og]

Belikin. As in you be likin dis beah

[@anook1984]

Not surprised. I still live in BC Western Canada and our Provincial and Federal Government increases prices for goods and services. I moved to Canada in 1994 and the grocery costs have increased by 200%. The official inflation is always dimmed down to a few % per year. Covid is a great excuse to inflate prices. Must say; the willingness of Americans and Canadians to buy land in Belize has triggered the price increase too. Oil rich Provinces in Canada (Alberta) payed ridiculous prices for average houses here on Vancouver Island and "spoiled" the markets including rental places. At the end it will affect the locals (Belizean) the most.

[@WhereToNexxt]

I agree with your comment 👍 thanks for watching the video and leaving a comment.

[@justbdsd4569]

Canadian government also uses international students as the scapegoat

[@alexdunphy3716]

It's mostly a problem of foreign money driving up real estate in bc.

[@rkhgg3659]

The reason is the gringos!! They came and built and started charging US prices to rent their places and the Belizeans followed suit PLAIN AND SIMPLE!!!

[@WhereToNexxt]

We won't argue that point / them darn gringos.... lol.... thanks for Watching and commenting 🙂

[@lani1life]

I wish the government would stop allowing non diaspora from owning the land. That would stabilize the economy.

[@rkhgg3659]

@@WhereToNexxt you can’t argue the point. It’s facts.

[@davidwelch5186]

Never could see the attraction. I live on the west coast Nicaragua. The Caribbean. Is hot , muggy and no surf.

[@seraiahdaniella3755]

Thanks for the update. I live in NYC, where even the air is expensive 😂 Belize in comparison sounds affordable for me. I've already planned to grow my own food and be as self sustaining as possible. The reality is, inflation is hitting everywhere.

[@WhereToNexxt]

Yes it's getting expensive everywhere right now. Thanks for watching 😁

[@nuskoolbee9256]

WHOA!! And Thank you so much for sharing this video. I have a few ideas as to why the price of things are starting to skyrocket, and one of them is related to the number of American Babyboomers who are retiring and looking to relocate outside of the USA. And Sadly, when Americans Show Up, the Price of things Goes Up. (which is another story) Global and Geopolitical issues is a Huge Cost Factor. Shipping Lanes have changed in some areas of the world and Sadly, Those Cost are being passed on to consumers. I've been looking for an Expat Location and now it seems like Belize is no longer on my list. Thanks again for sharing your experience and Please Take Care!

[@WhereToNexxt]

@nuskoolbee9256 Thanks for watching. Yes it's getting expensive everywhere except Asia from what I'm hearing...

[@georgestefanick89]

Everywhere is going up ..

[@borisbadenov8613]

Did you know that my lawyer, the Right Honourable Dean Barrow, Prime Minister of Belize from 2008-2020 and his associate Rodwell Williams were responsible for creating the economic, taxation and tariff systems that Belize currently has. Unless I'm mistaken, they were trying to force the Belizians to bootstrap their economy similar to how the Japanese did it in the 1950s and 60s. At that time the Japanese had put heavy tariffs on imported manufactured goods and little to no tariffs on raw materials. Unfortunately, what worked for the Asians doesn't work for Latin America.

[@RockstarWreckerProductions]

The U S. citizens are escaping corporate rule. They're going down there after selling everything they own and buying up property and houses. That's going to increase the cost of living. It forces locals to leave their own country because they can't afford to live anymore. I plan on doing the same.

[@RForrest1222]

That's spot on. Also many US citizens and Canadians try to keep living like their in their home country with huge houses and amenities like AC and pools, and jacuzzis. It's inexpensive to live in Belize if you live like a local. Plus, why do expats think they need 100 acres?!! They don't. It's greed.

[@indsov2010]

Good luck selling a house there as well. I bought one in 2010 for $85000, realized 4 years later what a total ripoff the insurance companies, banks, utilities, and attorneys were, then add in a corrupt and lazy government and it's a recipe for disaster. My house was for sale for 8 years and I got 50% of what I paid 12 years earlier. To put in context, when I bought in 2010, it was the cheapest house on the entire International Living website. How to be a millionaire in Belize, go there with 3 million.

[@WhereToNexxt]

@indsov2010 yes re sale is a big deal here.. thanks for watching the video. 😁 great comment...

[@pippin95310]

Belize’s currency is pegged to the US dollar. Every time the US turns on the money printing machine, the US dollar and the currencies of all countries that peg to the dollar or use the USD get devalued. THAT is the cause of the inflation. Billions sent to Ukraine by the US causes the price of goods to inflate in Belize, El Salvador, etc.

[@bipl8989]

That's BS. It's all the tourists and expats living there. That always rockets prices sooner or later. The locals got no money for those rental rates. That's happening in Europe too (No $ here).

[@alexdunphy3716]

Exactly this

[@bipl8989]

@@alexdunphy3716 So then Mr Genius, why is it happening in countries that do not use $$$

[@alexdunphy3716]

@@bipl8989 there are other causes too. But also many other countries are printing money just as fast as the US. Most western countries have been printing money like crazy since the start of the whole COVID thing

[@bipl8989]

@@alexdunphy3716 Making too much money in causes inflation. People have money to spend and they spend it no matter what the price is. Everyone just bought airline tickets and went on vacation. Then the complained about high prices, but they paid the high prices. The way to stop inflation is not to spend money. Put it in under the mattress. Prices come down. But if you have too much money and you want something, you buy it, even if prices are high. Complaining and whining about it does nothing. Inflation stops when people don't buy. Nobody wants Florida condos and the prices just dropped 40%. So in any case, what I think you are saying now is that the cause of inflation ... is inflation everywhere. On that, you are right. Everyone has too much money and pays the high prices, which only encourages more inflation.

[@SaboresTiaIna68]

Come to Paraguay. Very tax friendly, you can own your property outright, and very easy and cheap residency process. Also with low crime, a good economy and great future.

[@WhereToNexxt]

@@SaboresTiaIna68 we will have to look into that. Thanks for the tip...

[@SaboresTiaIna68]

@@WhereToNexxt for the price of cabbage you could be eating steaks.

[@SaboresTiaIna68]

@@WhereToNexxt for the price of cabbage you could be eating steaks.

[@gildahernandez3557]

I’ve been saying that for quite sometime as a local living in the states… These people been lying to the people to get them to go to Belize. I could not afford to live my American life style in Belize, I live and eat as a local, cooking and eating as a local… Don’t let that 2/1 dollars fool you, Belize is one of the highest in CA and the Caribbean ! Not opinion, facts!! 💕🙏🏽

[@WhereToNexxt]

@@gildahernandez3557 We agree. Thanks for watching. 😁

[@gildahernandez3557]

Government corruption at an all time high! Crime expand as living expense increases! Time to leave for south of the border or south east Asia!! Facts💕🙏🏽

[@travelsfromdoodah949]

Our rent in Kansas USA is $653 a month for a one bedroom I work in a restaurant so I try to eat at work ..believe it or not our monthly bills car payment, rent, insurance, food, is around $1,800 usd and we live as minimal as possible.

[@andre1987eph]

Plus you got Pat Mahomes!

[@WhereToNexxt]

You are in a good spot, my friends 1 bedroom in Florida is 2200 a mo th rent.... location is a big factor. Thanks for watching 😁

[@pao5796]

@@andre1987eph KC, MO.

[@PrinceMichaels]

😂😂😂​@@andre1987eph

[@triplemotor]

GREED is the destroyer of humankind, and" governments " are doing nothing about it...Sad indeed

[@WhereToNexxt]

@@triplemotor I agree.... thanks for watching 😁

[@steveblack5952]

So i have been in belize. Belize needs to stop exporting oil and getting it refined elsewhere and bringing back into the country. That would solve half the problem.

[@WhereToNexxt]

@steveblack5952 yes it would... liquid gols streaming in from Guatemala at an UNBELIZEABLE price....thanks for watching the video 😁

[@steveblack5952]

@@WhereToNexxt isn't guyana English speaking. It's by suriname

[@WhereToNexxt]

@steveblack5952 I believe it is but I'm not entirely sure...

[@jaxflRealtor]

It’s true that some things are more expensive in Belize but I find a lot of things are cheaper than in the US, if you are thinking about living in Belize don’t rent or rent for a short while until you build your own, building is a lot cheaper than in the States and usually don’t come with all the bureaucracy, you may not realize it but inflation has gone crazy in the states also so you can expect the same throughout the world, Belize is not for everyone but if you are the self sustaining type, it’s definitely a good fit for you, especially if you grow your own garden, that will alleviate a lot of the expenses, and if you are not paying rent, makes it even better.

[@WhereToNexxt]

@jaxflRealtor great comment 👍 thanks for Watching the video 😁

[@PrinceMichaels]

Yes, I agree with you! In fact I'm planning on building in Belize, San Ignacio Cayo where I'm from originally. I think owning your own home and property does sort of ease all the burden of having to rent. Definitely there are many ways to twist it but living in Belize after retirement in the US shouldn't include renting. So plan carefully and make sure you have your own crib before you retire in Belize!

[@WhereToNexxt]

@PrinceMichaels great advice.... thanks for watching and commenting 🙂

[@douglasmontgomery6315]

Thanks, can write this country off the list

[@Samuel-o8j]

Your right Why? Fruit and vegetables of Produce why? Taxes? Fuel? Imports? Your opinion?

[@gmm5550]

its weird how the price gauges hits Americas Canada Europe Australia etc.. but not here in se-asia..here in thailand some things gone up..buy only normal rates. u can still eat a full dinner for under 1 $ and rent a condo for under 300$ and its ALOT safer and cleaner than most of the whole american continent

[@WhereToNexxt]

Now that is affordable. Thanks for watching the video 😁

[@borisbadenov8613]

Thailand is prone to having coup d"etats every 2 years. That chases a lot of the Farang away.

[@gmm5550]

@@borisbadenov8613 cool i have lived and worked here 15 years now and seen one coup 2014. and 2 elections after that and the military's did loose most of its power in the last one And for us farang it wasn't a problem. Lucky u are a expert 555

[@dianaj3139]

@@gmm5550 555

[@pauljones8438]

Same price increases in mexico

[@WhereToNexxt]

Crazy

[@EgilWar]

We live in Canada and we lead in cost increases in the Western world. When we compare Belize to Canada it is actually not that bad even on Sen Pedro Town.

[@ernstgoldman3634]

Vote more Turdeau (sic) if you want more pain.

[@EgilWar]

@@ernstgoldman3634 There are still people supporting him.

[@DonMason-cv6og]

Where in Canada does a two seater out house sell for 150 grand

[@EgilWar]

@@DonMason-cv6og Vancouver?

[@alexdunphy3716]

​@@DonMason-cv6ogand that is just the piece of the building, not the lot!

[@phk8411]

I went there two times looked at 36-50 property s.......moved to Hawaii instead... love it....

[@mcZED38]

Umm...isn't there a massive problem in Hawaii of main lander's driving up costs and putting native Hawaiians on the street?

[@mtngrl5859]

@@mcZED38 There are a number of Islands in Hawaii, not everyone lives on Maui.

[@KB3TLE]

"People go where they are treated best" -- so eventually they will seek a better life elsewhere ! Greed is a big reason in the US. > S E Asia appears like where people will be going. --- Some Americans and Canadians are finding up to 70% cheaper than the US average cost of living - in various areas of the Philippines - and they also speak English ! Rents are significantly less and food is also. = 86% CHEAPER RENT -&- 53% CHEAPER FOOD have been reported early this year !!! > Location and lifestyle. It appears you 'can' still obtain the budget you require or desire - even with the modest inflation by comparison ? Cambodia is another low cost destination for many. Both countries have expats who report being retired - somewhat comfortably - on $800 -- $1200 / mo. - even in 2024.

[@WhereToNexxt]

@KB3TLE I heard ASIA is the new spot but just like everywhere else how long will it last when all the expats show up? Thanks for watching 😁

[@KB3TLE]

@@WhereToNexxt Great question. A few areas in the Philippines have already had that happen - like Dumaguete especially ! -- But -- there are over 7,000 islands + many won't be going there because it's beneath their dignity. So many areas will be available for the rest of our lifetimes most likely. Malaysia Thailand Vietnam Cambodia & Indonesia draw their share away from the islands. > Good luck.

[@brucebaum1458]

Hopefully rotary dial phones will make a come back, I hate smart phones and email etc, bring back the old stuff.

[@WhereToNexxt]

@@brucebaum1458 I agree with you 💯 on that....

[@dianaj3139]

I have my rotary dial phone... I use it when I can... everyone wants TEXTING and all that nonsense!

[@paigepaynter4119]

🥱

[@ernstgoldman3634]

I have concluded that chasing low cost locales is a futile pursuit. A place that has low cost of living has only 2 possible future trajectories. It will either degrade to an unacceptably low standard of living or will start escalating up eventually finding an equilibrium and parity with the places you wanted to escape from. I watched that movie played again and again. Playing cost arbitrage is a losing proposition in longer term (and if your expected life span is short, then why even bother?). Why expose yourself as ATM cash cow for local corrupt politicians. I'd rather focus on setting myself up for a lot of passive income, minimum liability and maximum mobility.

[@WhereToNexxt]

@ernstgoldman3634 great comment 👍 thanks for Watching the video 😁

[@USA2Brazil]

The trick is finding those growing spots, purchasing some property while it's still cheap taking advantage of dollar arbitrage. Also living cheaper here in Brazil allows me to save and invest more 💰 then back in the states. People who bought rental properties in Belize say 5-10 years probably not. complaining.

[@WhereToNexxt]

@USA2Brazil you are correct on that. Lots of people trying to cash in.. thanks for watching

[@bipl8989]

You are totally right. It's all the tourists and expats living there. That always rockets prices sooner or later. The locals got no money for those rental rates.

[@TheBlueskyson]

I'm renting a 2 bedroom apartment in Dangriga for $400 p/month. ty 4 vid

[@WhereToNexxt]

Thanks for watching 😁

[@bellaluna8097]

Same here in Mexico... rent here in SMA has gone up 30 to 40%... 12 dollars for a medium piece of cheddar ... 12 dollars for a cheap bottle of wine... 10 dollars for a pint of ice cream... cheaper at the local markets.... but everything is 2x more expensive than it was in 2021

[@WhereToNexxt]

Seems like it's everywhere right now. Thanks for watching 😁

[@bellaluna8097]

@WhereToNexxt I know. I am likely going to be leaving in 6 months. Things have changed a lot.

[@tornadot2025]

I wonder what impact this will have on crime. I also wonder how this will affect the perception of expats and the immigration laws in Belize.

[@justbdsd4569]

Same worldwide

[@brucebaum1458]

With the weather they have can’t many people grow their own vegetables and raise chickens and rabbits?

[@bipl8989]

@@brucebaum1458 El Niño messes up things sometimes.

[@randywiley66]

Thx 😊

[@GM4ThePeople]

Thank you for this useful report. A man with a vegetable garden is a wealthy man these days. Any idea what are the "greener pastures" - Costa Rica, Mexico, elsewhere? o/

[@WhereToNexxt]

@GM4ThePeople seems like everyone is in a holding pattern right now just waiting to see what happens 🤔

[@HarryJensen-kr4qz]

Sooo find somewhere cheap, make a KZbin channel then sell high$$ when others rush in. 👍Got it!

[@WhereToNexxt]

@@HarryJensen-kr4qz lol great advice.... thanks for watching....

[@johnwhitney6736]

That happens a lot. Real state agents , KZbiners bump up the costs which eventually drives out the locals. When someone goes on KZbin and says they have a thousand a month budget for rent the $200/ month places go up to $1000. I've been watching it in MX.

[@beaulong]

belieze was expensive 3 years ago for expats.

[@billgalli5991]

Thanks Kamala and Joe. Their policies affect the world.

[@Samuel-o8j]

I have lived in Belize for 35 years now, inflation rate is a concern for everyone, many have no method of compensation for these costs. Hopefully there are solutions?

[@WhereToNexxt]

Thanks for watching 😁

[@elliottmcallister2100]

Inflation is real here in belize just like everywhere else, but the claim of tourism declining is not accurate at all. Tourism is taking off like never before.

[@WhereToNexxt]

I spoke with someone recently who works in BTB. They claim that overnight stays by tourist are down 30% from pre pandemic levels and that's why the government is scrambling to overtake the new port project because cruise lines may pull out as well if a port built on the mainland is not done. Could be just a rumor but all the numbers we looked at and chatter from the GOB and major cruise lines seem to suggest this. Great comment and kept us know what you hear about this. Thanks

[@butchmitch731]

nailed it

[@freeandhappy]

we struggle on $4,000 US a month

[@WhereToNexxt]

Yes it's getting harder and harder...

[@MEN101]

Same with Mexico. It’s a 3rd world with the American prices.

[@MEN101]

@@ErikamGar how often do tourists get robbed there? Had a friend nice to the outskirts of Mexico City 2 years ago and the next day he went for a run and got robbed by 2 men with a screwdriver.

[@MEN101]

@@ErikamGar just curious. Have you ever been to South East Asia? Particularly Thailand, Vietnam, Malaysia or Indonesia?

[@TexasbestflooringcompanyTexas]

Gas has always been high because the government taxes it so high. Also, you can not buy seeds in Belize for planting your own garden. Fruit trees are cheap.

[@borisbadenov8613]

There are places where you can buy seeds. Reimer's has seeds, Brodies has seeds, a couple of the guys at the Saturday market in Belize City have seeds. I have about 200 pepper plant seedlings that I started by planting the seeds I found in ripe peppers.

[@GF-id2gw]

Have a safe trip 😅 can't say anyone will miss you

[@WhereToNexxt]

That's the price you pay for being honest and not caring about what people think....🙃🙃🙃

[@bryanprehoda]

Dude that’s the same all over the world lol . Think what it costs to move n reset up vs other places going through inflation also. Not completely logical

[@pippin95310]

Basically it is a tax that Belizeans are paying to the US.

[@Kinai89]

Cancun is way better

[@WhereToNexxt]

Thanks for watching 😁

[@freerange6739]

Time to get out of Dodge.

[@dianaj3139]

Dodge is everywhere!!!

[@mattteresi7084]

Hold on...yes inflation is everywhere todays reports show tourism is up 30% 2024. More than any other Carribean destination. Inflation yes... tourism is up

[@WhereToNexxt]

Research the GOB overtaking the cruise terminal land and why. Tourism is slowing!thanks for watching.

[@puravida5683]

Thanks to increasing credit card debts! People are maxing out credit cards, and some are filing for bankruptcy.

[@bipl8989]

@@mattteresi7084 Tourists bring inflation in their luggage.

[@leadershiphelpdesk510]

Ba - leese, , Bel mo pan, so tired of "experts" trying to make it fancy.

[@SegantPhilippaGraham]

R u looking to leave?

[@WhereToNexxt]

No, not yet but always looking forward to new adventures where ever that may be.😁😁

[@phk8411]

Hawaii n da house

[@XxArielxX986]

This guy is a clown

[@WhereToNexxt]

Thanks I think I have a great sense of humor....🤣🤣🤣

[@PrinceMichaels]

On the contrary. He's spot on and is 100% correct on everything he's mentioned in this video!

[@jackcarver3819]

The global supply of all $USD has increased by 50% in the last four years. USA has pretty much hit the 'death-debt-spiral' since covid and the deficit spending of US government is now far out-pacing the 'revenue'/taxes collected. After deficit spending, there's only $500B left to pay down the $35T debt of which >$1T is annual compounding interest. So the yearly 'debt payment' isn't even half of the 'growing' interest. It doesn't matter what 'rates' The Fed mandates, Uncle Sam will continue to 'borrow from the future' (debt) because politicians live in the present and never have to pay back the debt, are never held accountable, and have legal immunity to insider trading, subsidized govt programs/zombie programs, and have a financial incentive to protect their money printer that helps them steal 'real things' from the world without having to work for them. The $USD is the King government currency and has been turned into a weapon against the poor of the world. International leaders take on $USD debt through the IMF and do even worse to their own people (in most cases). The US gets cheap resources and slave labor. The 3rd world 'leaders' get rich. The people collect the debt and inflation. Because the majority of people want $USD over their shitty currency, the game continues, giving life to a currency that the few can print practically for free who then have first dibs in buying real things...the nice things, too, driving up costs for everyone else. This is why many people (mostly boomers) have turned real estate into a business, which is now fucking over GenZ, globally. GenZ is the exit liquidity for the boomers, btw. Villa Kings control multiple properties, creating a renter class of people and driving up prices by creating scarcity. This is a global problem. Government currency is broken. When currency isn't scarce, everything else will be. When 'money' is scarce to create, everything else can be in abundance as technology's natural state is deflationary (makes everything more affordable as tech increases production capabilities and frees human time). Government currency isn't money. It's a medium of exchange vehicle that leaks value over time due to debt financing (increasing the supply of currency units so it takes more of them to buy stuff). Government currency is a form of communist theft - hidden from public view. It is a weapon against private property (it forces people to constantly take on risk and borrow against their assets to outpace the money printer, signing over their ownership in the process.) Gold failed as money because rocks don't travel through digital networks, take armies to move/guard, massive forges to verify, and isn't divisible enough to use in daily life as tech makes everything more and more inexpensive. Gold gave birth to Fiat government currency. You can't even flee your country with gold. It gets confiscated at the border. And in a SHTF scenario, bullets will be better currency. Want the solution to inflation? Find the money that's hardest to inflate, that has no central point of failure, is absolutely set in its supply so that it can properly measure financial value (like what money is supposed to do.) The metric system is set in measuring weight (gold weight...cough) and distance. Why is government currency not set in measuring financial value? Well, bitcoin, not crypto (scammy shit), is set in supply - a first for humanity - and can't be killed. Stay on government currency, deal with government currency problems. Bitcoin is here to stay. Governments are getting behind it, and so are the wealthy elite for their own self-survival. Stay on bows and arrows, or adopt gunpowder. Good luck all.

[@borisbadenov8613]

From 2025 - 2030 thirty percent of all baby boomers in the United States of America will have retired. That's somewhere in the realm of 20-30 million people. Paying off all of those Social Security Pensions will bankrupt the US. In 2035 the first Gen Zers will be retiring and that will add another 20 million people to the Social security rolls. That means there will be 40-50 million people who will not be working steady jobs, will be drawing social security and unemployment benefits in the US and will leave a shortfall of 100 million workers (American families aren't having kids these days). The US economy will be so fuckked. Wages and inflation will soar through the roof and the US banking system and the US currency will be worth nothing.The same thing will happen in China and the EU and is already happening in Japan and South Korea.

[@rastamon5969]

If you had to do it over, which country is looking good right now. Where would you go. Im considering Mexico

[@WhereToNexxt]

@rastamon5969 to be honest I'm not sure, from what I'm hearing it's bad everywhere right now. Almost like we are all waiting for the bottom to drop out. Belize in my opinion is still great just getting more expensive for fixed income people. I would say Asia or parts of Europe are a good choice right now...

[@bipl8989]

Cuba

[@rastamon5969]

@@bipl8989 nah. Too communist and near impossible to get permanent residency

[@bipl8989]

@@rastamon5969 You don't think there are communists in Mexico! And they deal drugs and guns too, not to mention murder and kidnappings. You don't see the movies? 😆 All points south of the border are like that nowadays.

[@bipl8989]

@@rastamon5969 Marry a Cuban.