TomG
Mar 2, 2004, 10:41 AM
Post #3 of 10
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Re: [jennifer rose] Important Editorial, part two.
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They were very much to the point of this site, although maybe a better fit under the Live, Retire, etc. Forum, if one wanted to be really categorical about it. It's fairly simple: if discussion about methods to have your Social Security checks most accessible to use in Mexico fits here, then (this isn't difficult), discussion about whether Social Security checks will be forthcoming for retirement in Mexico fit also.
He shouldn't have posted the whole article copy and paste maybe. And he should have made the contextual relationship for discussion - to clarify intention.
Dollar based retirement funds are the foundation of a high percentage of foreigners living in Mexico.
Here is my response:
There are a few other articles reporting essentially the same data, and a muffled report coauthored by an Assistant Secretary of the Treasury. All say have a similar message: that we USAers are going to hit the wall in the economic future, and retirees are at the epicenter of it.
What would be interesting is to know what hedge thinkers are thinking. How are posters hedging their bets? Property in Mexico? Trusted friends in Mexico? Pooling assets with their kids in order to create insular mini-dynasties.
While Rolly hasn’t addressed the subject directly he is one of the contributors who I think is best situated for a safe full-life life (some folks are married in here and as such may be equally as safe). It seems Rolly is as good as family based on a very long lasting personal cross-border friendship that began with knowing an immigrant.
Mexico is a great place to lie in a hammock and escape, while you dish out dollar based pesos to buy comforts and pay for dreams. Mexico is romantic and poverty can be romantic when you are on the outside looking in. But would regular Mexican folks rhapsodize romantically about gringos if the gringos didn’t have surplus money? Would they be carinoso to old broke gringos? Mexico is not a good place to project weakness. There are various types of weakness: one can be poor and lack power, or physically weak, and so forth. One can be physically weak and compensate with money or mental force to maintain a total balance of power. When your general balance tips to weak, you are headed to poverty is my guess. All prior assumptions about life in Mexico would be less meaningful in this context.
Mexicans hedge a poor public sector with lack of reliable services like public safety, public hygiene, and so forth with a network of protection of family, friends, and contacts. The systems of walls, locks, bars, jagged glass, etc. speaks of distrust. In general Mexicans don’t trust each other. When we told the Mixe neighbor, Francesca, about my friend in the USA who has a 20 acre apple orchard and sells his apples by setting them out unattended on a large table on his front lawn with marked prices per pound, a scale, and a locked farmer’s mailbox screwed to the table with a money drop slot on top so you can pay – well her eyes went round. She couldn’t believe it. She said if that happened in Mexico the apples, money box and table would be all be gone.
If the USA hits the economic wall on SS will we have walls of distrust? Will the USA develop into a place of family networks for survival? Where will be the safe place to retire on either side of the border?
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