The Expat Files Show # 756 – May 11, 2018
#1- Are there any Latin countries on the fast track to becoming 1st world or somewhat 1st world? Just what do the terms 1st, 2nd, 3rd and 4th world mean?
#2- Plastic, easy credit, high interest loans and extended payment plans are ripe temptations for the Latin public. Most Latinos have no money in the bank… hmm, now where have we heard that one before?
#3- Argentina is fast becoming an economic basket case once again: Its currency (the peso) is in near free-fall against the US dollar and the inflation rate has been over 25% year over year. But that’s nothing new for Argentina. Somewhat older locals who’ve all witnessed bouts of extreme fiscal mismanagement and monetary chaos say it’s a normal yet very abnormal cycle that occurs about every ten years. Argentine parents actually tell their kids that money (pesos) are meant to be spent quickly… and not to be saved.
#4- Labor unions and labor organizations in Latin America: Yes, trade and labor unions do exist south of the border. In some of the less developed countries like Honduras, El Salvador and Peru they are mostly benign and toothless, but in other more bureaucratic Latin countries like Argentina and Costa Rica they are strong and have huge memberships that can shut down the country in a heartbeat. Unfortunately they do so regularly or threaten to do so…
#5- The truth about gringos and expats and pickpockets in Latin America (or anywhere).
#6-Announcing Johnny’s next “Latin American Insider” seminar. It will take place from Saturday, July 7th thru Thursday, July 12th 2018. Get the details and the scoop on the early-bird discounts by going to www.TheNewExpat.com and clicking on the “seminar” link.
#7- Johnny’s new “Expat Essentials Course” is a blueprint for your “Plan B” and the best way kick-start your exit plan before getting boots on the ground in Latin America. Check out the free intro video to the course now at www.TheExpatFiles.com/academy
#8- Check out my “The Expat Files” You Tube channel. See all the fun slides and photos that go along with each show. There are now more than 150 shows posted on my YouTube channel so have a look.
#9 For more of Johnny’s reports, comments, adventures, news, surprises the famous “Expat Concierge Service” and more, check it all out at: www.TheNewExpat.com