The July 2009 Elliot Wave Theorist by Robert Prechter has some ominous warnings.
Prechter warns that as the depression deepens, more and more avenues of escape are going to be shut off. He lists three that have become difficult:
1. You used to be able to invest in tax-free foreign annuities. Now you have to pay tax on them.
2. You could deposit your money at any Swiss bank. Now, harassment by US authorities has led many of those banks to shut the door on American depositors.
3. You could emigrate to New Zealand easily. Now, independent operators without a government license who try to help immigrants face trouble.
Sheesh, I lived in NZ under the radar until 2005. If I’d known in advance that the US was going to outlaw everything that’s honest and peaceful, I would have stayed there, even though it was hard. Probably would have gotten amnesty by now…
Woulda..coulda..shoulda..welcome to the club.
How I wish I’d left in 2000, as I once thought I should..I’d have done a lot better.