Forum Replies Created
-
Posts
-
Two things are infinite: the universe and human stupidity; and I’m not sure about the universe.
Albert Einstein[quote=”Versatile”]I see some very ate up people posting political articles etc and getting very worked up about it. Are they the overall types that cannot make it in CR?
ATE UP = Die hard in their political leanings to the point it is useless to have a political conversation with them.[/quote]
Have you even looked into this?–or are you just being a parrot for Bill O Reilly.
Wow–here in the huffington post–the supreme court has turned down yet another suit–seems like a cut and dry case–why would it have to go to the surpreme court? HMMM
http://www.huffingtonpost.com/2008/12/15/obama-birth-certificate-s_n_151103.html
Oh Look–here is a guy in the military being court marshalled for asking The Question?
http://www.politico.com/blogs/bensmith/0410/Birther_courtmartialed.htmlAnd in reponse to your question–the state of Hawaii issued a PRINTOUT–not the original document. No original birth certificate has been presented–or5 there would be no need to go to the surp–have you actually done your research? Or do you think you know¿
And-regarding your comment of ^faux news^
Are you saying that the corporate sponsored media always tell you the truth? I have a bridge for sale–are you interested?“It is not disbelief that is dangerous to our society; it is belief”
George Bernard Shawi swear. stop listening to Faux News.
Well, generally when people have affairs–and they become famous–the lover comes forward–in this case, Larry Sinclair (google it) has come forward as Obama’s lover.
Maybe they`ll paint Air Force One hot pink!!!Teak Grows very quickly in the rainy regions of this country–and as such, the wood is not as dense as teak grown in dry areas such as guanacaste or nicaragua
However, Teak is a crop that tends to make the soil change–therefore it is tough to grow things in soil where lots of teak have been planted in the past
[quote=”johnr”]I’m mystified by the teak comments. Recently I was told that American Lumber teak mill near Jicaral is sending out five containers a week. Granted they are a large international company but someone is buying it.:lol:[/quote]Very Simple–Use stweart title and have them do it in an escrow account.
This is open for now anyway[quote=”rickcoye”][quote=”kordan”]If Inflation is low, why are prices rising on Gas, Food, Precious Metals, Industrial Metals, and preety much all other raw materials
[quote=”gzeniou”]Perhaps this could be seen as a scare technique by Paul to get Americans to buy in. On the other hand, I have to agree with a lot of what he is saying including the tax rate of 60-70%. But I do think that there will be some kind of loop hole some where, The rich corporate holders want to invest outside the US just as much as we do and have course they write the laws.
However this also brings up some interesting questions for those of us that already own property in central America.
Are we going to get hit by a 30% tax if we sell the current property we own and buy another in the same foreign country?
In theory, if the IRS wants to know about our assets at some point they may want to know about our Real Estate holdings are they going to put a tax on those. Such as a luxury tax or something every year?
It just seems to be very unclear at the moment about what the future will bring.
In any event, with inflation being low and interest rates extremely low, it doesn’t hurt to slowly transfer money (less then $10,000) into CR every time you or a family member flies in. Just put your doe in a secure place and not open or have a bank account in CR with more then $10,000. This way you can have for example a $100,000 in a safety deposit box without the IRS every knowing. Another possibility is bring in $10,000 worth of gold each time, and just covert a little bit at a time when you need it. As gold should hold its value with inflation. I myself don’t know much about Gold but will look more into it.
I don’t believe that any of the above suggested is illegal or against the IRS tax code. There are probably many that don’t trust the banking system etc. in the US that simply just put their money “under their mattress”, they don’t earn anything on it. (what is the real earnings anyway? typical money markets in the US gets you 1.0% but after the IRS gets its share, is it worth it?). This is doing the same thing just in another country. The main reason we stash our money in a secure place is not to avoid any tax, its because we feel more comfortable with securing our own money then having it secured in a bank.
8)[/quote][/quote]Keep it simple stupid, Remeber KISS, FOR SIMPLICITY SAKE! Can folks respond to this senario which must surely apply to many concidering escapeing the USA for a foreign location?
Let’s say I have cash form the sale a property in the USA $500,000 and want to buy a home or ? in Costa Rica. HOw does one normaly get that cash into CR or out of the US.
Can I wire money transfer all or a portion of that money to purchase a home? Would it be subject to this 30% tax? If one has additional income or cash and wishes to have it sent / wired monthly to Costa Rica, is it going to be taxed? How does one get money into the country. Could one take in and hold say $100,000 in travelers checks :?[/quote]Way to go–let the burocrats—people who get paid but produce nothing—stick it to the people who produce something, and build businesses and jobs–pretty soon we can all work for the state—YAYYYYY
Dont you understand that money goes where it is welcome–like people–and when the taxes get too high, and the rules too strict, people will just pick up and move–and then all the RICH PEOPLE that you want to stick it to are gone, great—no their are no jobs, but the burocrats still need to get payed—Way to go[quote=”sprite”]Capital Control, as far as I can tell, is not aimed at the little guy. It is aimed at the high rollers, the people and corporations that drove the US into the ditch. And just as a general principal, I always like to see the government stick it to them. People who have gotten into trouble with the IRS owing very large sums of money in unpaid taxes or hidden wealth to avoid taxes get no sympathy from me. They are the greedy rich trying to get richer, trying to join that top 2 percent of the US population which controls over 50% of the nation’s wealth.
They cry the loudest against socialism because they have the most to lose under a system which attempts to fairly spread the costs and rewards generated by a society. They are the ones who manage to exploit fellow citizens in an unregulated economic system.[/quote]If Inflation is low, why are prices rising on Gas, Food, Precious Metals, Industrial Metals, and preety much all other raw materials
[quote=”gzeniou”]Perhaps this could be seen as a scare technique by Paul to get Americans to buy in. On the other hand, I have to agree with a lot of what he is saying including the tax rate of 60-70%. But I do think that there will be some kind of loop hole some where, The rich corporate holders want to invest outside the US just as much as we do and have course they write the laws.
However this also brings up some interesting questions for those of us that already own property in central America.
Are we going to get hit by a 30% tax if we sell the current property we own and buy another in the same foreign country?
In theory, if the IRS wants to know about our assets at some point they may want to know about our Real Estate holdings are they going to put a tax on those. Such as a luxury tax or something every year?
It just seems to be very unclear at the moment about what the future will bring.
In any event, with inflation being low and interest rates extremely low, it doesn’t hurt to slowly transfer money (less then $10,000) into CR every time you or a family member flies in. Just put your doe in a secure place and not open or have a bank account in CR with more then $10,000. This way you can have for example a $100,000 in a safety deposit box without the IRS every knowing. Another possibility is bring in $10,000 worth of gold each time, and just covert a little bit at a time when you need it. As gold should hold its value with inflation. I myself don’t know much about Gold but will look more into it.
I don’t believe that any of the above suggested is illegal or against the IRS tax code. There are probably many that don’t trust the banking system etc. in the US that simply just put their money “under their mattress”, they don’t earn anything on it. (what is the real earnings anyway? typical money markets in the US gets you 1.0% but after the IRS gets its share, is it worth it?). This is doing the same thing just in another country. The main reason we stash our money in a secure place is not to avoid any tax, its because we feel more comfortable with securing our own money then having it secured in a bank.
8)[/quote]From The fine desk of Doug Casey Research
Capital Controls Revisited
Yesterday we ran a story published over at zerohedge.com that made the claim that capital controls are now here and fully enforced by the law. After further review, however, it appears that claim is inaccurate. The HIRE act is not about capital controls, it’s really about enforcing IRS rules. One can still legally have money in offshore accounts as long as the financial institution and the individual report it to the IRS.The fact is that the HIRE act now signed into law makes it very costly for financial institutions not to report accounts and transactions to the IRS, and it gives the U.S. authorities ways to better enforce the requirements for U.S. citizens to report all bank and financial accounts they hold outside of the U.S. And financial institutions that do not cooperate will now see increased pressures from the U.S. government.
The law also closes a loophole that existed when a country’s banking secrecy laws (think Switzerland) did not permit foreign institutions to turn in info about U.S. citizens to the U.S. government; it now requires that these financial institutions close these accounts or face penalties from the U.S. government.
Consequences of this last round of tightening are:
1) More foreign financial institutions will decide to stop doing business with U.S. citizens and businesses. And it will become increasingly more difficult for Americans to open foreign bank and brokerage accounts.
2) Once the U.S. government actually decides to implement capital controls, it will have already collected all the information needed to possibly force repatriation of capital held by U.S. citizens in foreign financial accounts (this could be the next step but it would be much harder to implement).
So, let’s recap. Capital controls are in fact not yet here, but the pressure is on and the HIRE act is another step to restrict the economic freedom of Americans. We’ll keep you posted.
The Best Area Period unless you are looking for something cheap and remote is the Arenal Area
Not only is there the only lake in Costa Rica, (which is excellent for kayaking and fishing) hot springs, pletiful clean water, lots of rivers (also good for kayaking) temperate comfortable climate (wish no need for heating or cooling) safe enviroment and access to larger cities for anything not found in the smaller more quiet areas.
Unless you have particularly expensive habits, once you buy a house and a car–you can easily get by on $1000 a month or less.
You can send me a private message if you would like more info
Cheers[quote=”sprite”][quote=”kordan”][quote=”sprite”][quote=”kordan”][quote=”F.A S
This comment is a little bit funny
If you want to know what this country would look like without a booming tourism sector, a foreigner driver real estate market and a booming export economy—we have a very good model–its called NICARAGUA[/quote]I think that you, like most Americans, have a somewhat overly optimistic estimation of what gringo economic influence is worth. And you may have missed my point. An economic armageddon would turn a developed country like the US into a violent basket case. Absent cheap energy, food supplies and potable water would become quite scarce. You can’t just go out doors and dig up some potatoes in Ohio in December. Look out your window in Costa Rica just about any time of the year and you probably see some kind of crop growing near by. However bad things might get in CR in such a catastrophic situation, I’ll bet they get very much worse in the U.S.[/quote]
That is not an argument–that is obvious
When 2/3 of the produce in the entire country is grown in california and most of the corn, soy and wheat is grown in the midwest and most people would not know how to slaughter a pig, or mend a shirt or tend a vegetable garden–to use a parlance of our times ^DUH^
There is no argument that more food rots on the ground in this country (CR) than is picked I`m not suggesting that people will starve–there is also abundant clean water.
But ask any hotel where most of the guests are from–North America, who buys most of the condos–North America–I sell real estate, and for every 1 european in our office there 50 americans that come in. Are you kidding?–how many Costa Ricas do you know that can afford a $300,000 house in Athenas or a $250,000 condo in Jaco. If you honestly believe that there would not be SIGNIFICANT adjustments to a large chunk of this economy in lifestyle if North Americans simply couldn`t afford to come here any more–
It is sheer naivete
But you donpt have to take my word for it–go to any other cetral american country other than Panama and see what I mean. What is the average wage in Guatemala or El Salvador?[quote=”sprite”][quote=”kordan”][quote=”F.A Skippy”]Who cares ?
I live in Costa Rica 8)[/quote]I don`t mean to be a ^buzz kill^–but people who think like this are forgetting one key point.
If (and probably when) nearly all gringos stop coming here it would trigger a massive wave of unenployment.[/quote]“Gringos” make up at most one percent of the population in Costa Rica. While gringo tourist and resident contributions to the CR economy must be significant, I don’t know that its absence would be THAT devastating. So far, the Tico economy seems to be pretty self sustaining. Am I wrong in assuming that CR exports more than it imports?
When I walk around in the community where my property is located, I see farm workers in their rubber boots with machetes slung across their backs. Much of the time, they are carrying some kind of produce home with them. This country, like some others I have seen, strikes me as self reliant and pretty tough. Should some kind of world wide economic armageddon befall us, Costa Rica looks like a survivor to me. I would be more worried about spoiled gringos in the US under such conditions than tough, little Costa Rica.[/quote]
This comment is a little bit funny
If you want to know what this country would look like without a booming tourism sector, a foreigner driver real estate market and a booming export economy—we have a very good model–its called NICARAGUAIts very secure–but if you have to foreclose here–it will probably take a year–unless you put it into a trust
[quote=”sanvald”]Have you guys every heard of the Bilderberg Group. We are all just working dummies to keep the elite rich.[/quote]
Its very simple–as long as your money is in the bank, you support the people who create money out of this air and use it to lobby for anything they want.
As Henry Ford said, if the people understood how the banking system really worked–there would be revolution by morning,
And all these issues we hear about every day with ^sovereign debt^
Remember, all this soeveeign debt is based on money that can never, has never and will never exist. Somebody typed it into a computer and use their goons to enforce
Cheers[quote=”F.A Skippy”]Who cares ?
I live in Costa Rica 8)[/quote]I don`t mean to be a ^buzz kill^–but people who think like this are forgetting one key point.
If (and probably when) nearly all gringos stop coming here it would trigger a massive wave of unenployment. Not to mention people in the states and europe not buying a $6 pineapple or a $4 pound of Yuca. Desperate people will always do desperate things-and guess who they are going to assume has something to part with.
I know living down here makes me feel very lucky and gives us many more options for weathering this obviously approaching storm–we are still vulnerable like all the rest to the ebb and flow of the times
In the meantime-maybe we should be stocking up on Rum just in caseIt is very secure if the mortgage is recorded properly with the national registry.
However–and of course there always is a caveat–there has been a new law passed that specified only certian courts can actually handle these precedings. Therefore, it is very possible that in the event of a foreclosure–if the buyer wanted to be difficult, it could be tied up for a year.
There is another option which is to put the entire proeprty in a trust and this can apparently make things move more rapidly in the event of a default. This does however add an exatra initial setup cost.
If I were you, I would demand at least 30,000 to 50,000 down
