I have done extensive research in Uruguay and visited several times last year - and no one likes to tell the truth about the sever water shortage in Uruguay in 2023 - when asking locals they talked about cattle dying of thirst, citizens in Montevideo had to buy drinking water. Whilst a data centre near Montevideo did not have any problems with cooling water…..it would increase credibility enormous if these issues were mentioned…by you and others. I also found in Swiss newspapers that the country s heavily influenced by drug and beef barons…I learned form young people that they are dying to leave Uruguay for Dubai - there is now work and life is extremely expensive..
In 2023, Uruguay went through the worst drought in over 70 years. Reservoir levels supplying Montevideo dropped to record lows. The state water company (OSE) mixed brackish water from the Río de la Plata into the drinking supply to keep taps running, which made the water taste salty and caused many residents to buy bottled water for drinking.
This shortage mainly affected human consumption in Montevideo and surrounding areas. As a cattle farmer in Uruguay, I never saw or heard of cattle deaths from thirst — livestock water supplies generally come from wells, ponds, or rivers that didn’t run completely dry in most grazing areas. Pasture quality was badly affected, which hurt weight gain and production, but that’s a different issue than “dying of thirst.”
As for data centers, the few operating near Montevideo had their own water sources or storage, so they didn’t face the same constraints as the city’s municipal network. That’s not evidence of special treatment — it’s just separate infrastructure.
Take all your money out of the largest economy in the world and invest it in Uruguay, the 83rd largest. That's a lot of liquidity for you, not to mention the extreme likelihood of Banana Republic risk. Seriously flawed mentality.
Maybe it's just all the MSM and governmental propaganda that you've consumed over the last decade, but Uruguay is far from a "banana republic".
It's these types of misinformed viewpoints that keep people like you trapped in the coming crisis while those who pay attention to history and the current way of the world setup Plan Bs all over LatAm, Europe, and Asia.
If you specifically have no interest in Uruguay, then pick another country. There are over 200+ countries in existence with around 30-40 being better options than the US in the modern world.
Live abroad, earn USD, convert to assets. It's that simple.
I've spent plenty of time in Latin America and have witnessed expats suffer by moving their wealth there. Specifically, when buying property and investing in businesses.
The whole idea sounds charming and a panacea until you actually live there and experience the grift and corruption that inevitably spills into your life. That's just one of the reasons why the majority of expats move back home.
There's also the question of having an allegiance to your country. I for one don't appreciate people that derive their income from the US and bad mouth it all day long. If you really have a conviction, give up your citizenship and see how nice it is to live there.
Talking about “Latin America” as if it is one thing, one place, with uniform characteristics. Talking about a huge and diverse region of the world as if it’s Rhode Island, makes me think you haven’t spent much time in “Latin America”.
No offense, but you and the people you say you know who have ruined their own futures by impulse buying real estate and/or local businesses are usually the ones with very little wealth and who do not delve into any type of due diligence.
Southern Cone of South America is a very simple and high quality life to be had if you set things up correctly. Other pats of LatAm are too, such as Costa Rica, Mexico, Belize, Ecuador, etc.
You claim the grift and corruption from LatAm countries "spills into your life", why are you interacting with government and shady people at all? You wouldn't want to in the US, so why do it in a foreign land? Majority of Latin American governments will leave you alone more so than the US government will. I have had less government interference in my life while being in Argentina, Philippines, Japan, Georgia, and other countries when investing and doing business compared to the US. I love the US, the idea of it at least, what it used to be. But now the quality of life is diminishing and becoming a low trust society in products, services, and government.
Most expats move back home from SEA or LatAm because they are the "live for the moment" type of people with no moral base of any kind. I see it all the time amongst young and old expats.
You should not have an allegiance to any government or country. You invest and build and innovate wherever you are, but if that government and country goes tyrant mode then you would be wise to seek a better life that is accepting of investors, business owners, and creatives. This is nothing new, but Americans today act like it is blasphemy to take your family and wealth abroad for better living, when their very ancestors have done the exact same thing from Asia, Europe, and Latin America throughout history.
If you get offended by people out earning you, escaping the rat race, and taking advantage of arbitrage opportunities then that's on you. Every human being does what is in their own best interest, and that increasingly means earning in first world fiat and living abroad where their money goes further for daily living, investments, etc. As Matt stated, nobody here is bad mouthing the US. You don't need to give up US citizenship to live abroad or to even obtain dual or multi citizenships. The more options you have, the better.
You'd be wise to take a hard look at the world over the last 5 years and compare the events of the past to where we are now and the direction the West is heading. If you want to stay and "fight", go ahead man, nobody cares. But when others with lived experience from around the world point out how the world really works and give insights from history and current events, don't get offended by it. Learn and look further into why people are so wealthy outside the US and how you can set yourself up for success during and after the coming crisis. Good luck.
Matt and Jane - very glad you are repeating last year’s wonderful conference. We won’t be attending this time but hope to see you both in March. If you are inclined to update the slide presentation we took home last conference with current information, it would be helpful and appreciated. Perhaps post in the Phyle VIP section?
thinking of subscribing for stock picks. i am in canada. my concern is when the shtf will the canadian gov freeze or devalue or confiscate my stocks , or 80 percent cap gains. do you think stocks will be safe from canadian gov. thanks for help
Good job Matt! I wish I could be there. Looking forward to book! My grandson are following some of the same tenets that you have expressed. I want to advocate that you read "The Reasonableness of Christianity" by John Locke. Gateway Edition. My father George Ewing, edited & Introduced this edition 1964...he produced first annotated edition. Tom Ewing
cursory review by AI will familiarize you with John Locke, although I'm sure your are aware of his influence on the founding father.
I have done extensive research in Uruguay and visited several times last year - and no one likes to tell the truth about the sever water shortage in Uruguay in 2023 - when asking locals they talked about cattle dying of thirst, citizens in Montevideo had to buy drinking water. Whilst a data centre near Montevideo did not have any problems with cooling water…..it would increase credibility enormous if these issues were mentioned…by you and others. I also found in Swiss newspapers that the country s heavily influenced by drug and beef barons…I learned form young people that they are dying to leave Uruguay for Dubai - there is now work and life is extremely expensive..
In 2023, Uruguay went through the worst drought in over 70 years. Reservoir levels supplying Montevideo dropped to record lows. The state water company (OSE) mixed brackish water from the Río de la Plata into the drinking supply to keep taps running, which made the water taste salty and caused many residents to buy bottled water for drinking.
This shortage mainly affected human consumption in Montevideo and surrounding areas. As a cattle farmer in Uruguay, I never saw or heard of cattle deaths from thirst — livestock water supplies generally come from wells, ponds, or rivers that didn’t run completely dry in most grazing areas. Pasture quality was badly affected, which hurt weight gain and production, but that’s a different issue than “dying of thirst.”
As for data centers, the few operating near Montevideo had their own water sources or storage, so they didn’t face the same constraints as the city’s municipal network. That’s not evidence of special treatment — it’s just separate infrastructure.
Take all your money out of the largest economy in the world and invest it in Uruguay, the 83rd largest. That's a lot of liquidity for you, not to mention the extreme likelihood of Banana Republic risk. Seriously flawed mentality.
Maybe it's just all the MSM and governmental propaganda that you've consumed over the last decade, but Uruguay is far from a "banana republic".
It's these types of misinformed viewpoints that keep people like you trapped in the coming crisis while those who pay attention to history and the current way of the world setup Plan Bs all over LatAm, Europe, and Asia.
If you specifically have no interest in Uruguay, then pick another country. There are over 200+ countries in existence with around 30-40 being better options than the US in the modern world.
Live abroad, earn USD, convert to assets. It's that simple.
I've spent plenty of time in Latin America and have witnessed expats suffer by moving their wealth there. Specifically, when buying property and investing in businesses.
The whole idea sounds charming and a panacea until you actually live there and experience the grift and corruption that inevitably spills into your life. That's just one of the reasons why the majority of expats move back home.
There's also the question of having an allegiance to your country. I for one don't appreciate people that derive their income from the US and bad mouth it all day long. If you really have a conviction, give up your citizenship and see how nice it is to live there.
Talking about “Latin America” as if it is one thing, one place, with uniform characteristics. Talking about a huge and diverse region of the world as if it’s Rhode Island, makes me think you haven’t spent much time in “Latin America”.
No offense, but you and the people you say you know who have ruined their own futures by impulse buying real estate and/or local businesses are usually the ones with very little wealth and who do not delve into any type of due diligence.
Southern Cone of South America is a very simple and high quality life to be had if you set things up correctly. Other pats of LatAm are too, such as Costa Rica, Mexico, Belize, Ecuador, etc.
You claim the grift and corruption from LatAm countries "spills into your life", why are you interacting with government and shady people at all? You wouldn't want to in the US, so why do it in a foreign land? Majority of Latin American governments will leave you alone more so than the US government will. I have had less government interference in my life while being in Argentina, Philippines, Japan, Georgia, and other countries when investing and doing business compared to the US. I love the US, the idea of it at least, what it used to be. But now the quality of life is diminishing and becoming a low trust society in products, services, and government.
Most expats move back home from SEA or LatAm because they are the "live for the moment" type of people with no moral base of any kind. I see it all the time amongst young and old expats.
You should not have an allegiance to any government or country. You invest and build and innovate wherever you are, but if that government and country goes tyrant mode then you would be wise to seek a better life that is accepting of investors, business owners, and creatives. This is nothing new, but Americans today act like it is blasphemy to take your family and wealth abroad for better living, when their very ancestors have done the exact same thing from Asia, Europe, and Latin America throughout history.
If you get offended by people out earning you, escaping the rat race, and taking advantage of arbitrage opportunities then that's on you. Every human being does what is in their own best interest, and that increasingly means earning in first world fiat and living abroad where their money goes further for daily living, investments, etc. As Matt stated, nobody here is bad mouthing the US. You don't need to give up US citizenship to live abroad or to even obtain dual or multi citizenships. The more options you have, the better.
You'd be wise to take a hard look at the world over the last 5 years and compare the events of the past to where we are now and the direction the West is heading. If you want to stay and "fight", go ahead man, nobody cares. But when others with lived experience from around the world point out how the world really works and give insights from history and current events, don't get offended by it. Learn and look further into why people are so wealthy outside the US and how you can set yourself up for success during and after the coming crisis. Good luck.
Where is specifically in Latin America?
We don’t badmouth America we offer honest opinions about what’s happening around the world. If you don’t like hearing it, you should unsubscribe.
Matt and Jane - very glad you are repeating last year’s wonderful conference. We won’t be attending this time but hope to see you both in March. If you are inclined to update the slide presentation we took home last conference with current information, it would be helpful and appreciated. Perhaps post in the Phyle VIP section?
thinking of subscribing for stock picks. i am in canada. my concern is when the shtf will the canadian gov freeze or devalue or confiscate my stocks , or 80 percent cap gains. do you think stocks will be safe from canadian gov. thanks for help
Good job Matt! I wish I could be there. Looking forward to book! My grandson are following some of the same tenets that you have expressed. I want to advocate that you read "The Reasonableness of Christianity" by John Locke. Gateway Edition. My father George Ewing, edited & Introduced this edition 1964...he produced first annotated edition. Tom Ewing
cursory review by AI will familiarize you with John Locke, although I'm sure your are aware of his influence on the founding father.