I sure hope they are wrong but Jim Willie is predicting the same thing.

He moved to Costa Rica. When asked what people should do to prepare themselves for the current crises he said you should move to Costa Rica 5 years ago.

Doug Casey lives in Argentina.

Bill Bonner lives in Argentina.

Jim Rogers lives in Singapore.

If they are right then none of our investment decisions will matter.

When governments need money they just look around to see who has some and that's where they get it from.

Personaly I don't think South America will prove to be any better as a hiding spot.