Tag Archives: Latin America

The One Place You Must Go This Year

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“Uruguay is a strongly middle-class country, unlike much of Central and South America. Democracy and the rule of law are well entrenched; government is stable and transparent. It’s the safest country south of the border, and the wealth gap is narrow, meaning there’s no social unrest or crime fueled by angry have-nots. You don’t find beggars roaming the streets, or bare-foot and impoverished children panhandling. The literacy rate matches that in the U.S. There’s no need to pay bribes. And there’s no mañana attitude.  The country is clean and tidy. The beaches are beautiful, many wild and often empty. The national highways are first world and well maintained.”

http://thesovereigninvestor.com/2014/01/02/one-place-must-go-year/

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Cue the Black Swan

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“The primary subject of Law No. 120 of 2013 had nothing to do with income taxes, but two articles had been inserted into it to amend the tax code.  The meaning was clear: Those who pay taxes in Panama must in the future, pay based on their worldwide income instead of just their Panamanian-sourced income.  This law was passed in darkness. There had been no public debate, yet it was signed into law by President Ricardo Martinelli on 30th December.  The episode in Panama is a bellwether.  Increasingly, we shall see governments passing legislation, issuing edicts, and taking action unannounced, as they seek to take a last squeeze of the lemon, prior to the collapse.”

https://www.internationalman.com/78-global-perspectives/1068-cue-the-black-swan

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Man Uses Bitcoin to Buy a Piece of Paradise in Nicaragua

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“Many people dream of quitting their job, collecting their bags and jetting off to a tropical paradise forever. Many people dream, but few people act. Gregory Simon is one of the few who decided to act.  This year he moved to Nicaragua and bought a 0.3-acre plot of land with bitcoin.  A former banker, Simon first travelled to Nicaragua in mid-October after quitting his job in institutional equity at the end of 2012.  ‘The current banking system is beyond immoral. It takes advantage of the most helpless and poor people on earth,’ he said, explaining why he left banking after a 12-year-career.   He says that he’ll try to pay for the construction with bitcoin. And when I ask, he confirms that ‘yes, it will have a pool’.”

http://www.coindesk.com/man-bitcoin-buy-paradise-nicaragua/

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Bitcoin Set to Boom in Latin America

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“Political turmoil could be a force that drives further adoption by individuals looking for a secure and easily transferable alternative to the US dollar. The dollar has a history as a popular reserve currency in Latin America, as a hedge against inflation, and is the official currency in more than one Latin-American country. However, it has become more restricted recently, especially in Venezuela and Argentina. VentureBeat reported that 30 percent of Brazilians surveyed had heard of bitcoin, and only 16 percent of Mexicans had heard of the digital currency. That’s according to a study performed by Jana, a mobile platform connecting brands with emerging market consumers.”

http://blog.panampost.com/joel-fensch/2014/01/02/bitcoin-set-to-boom-in-latin-america/

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Bitcoin paradise

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“Set in a secluded valley 17 kilometres from Curacavi, Chile, on the road between Santiago and the luxurious beach resort of Viña del Mar, Galt’s Gulch is a mere forty-five minutes by car from the Santiago airport, but, as Mr Johnson says, ‘it feels like you’re at the end of the Earth.’ Yet his goal is not isolationist, he adds. ‘We’re not trying to hide from the world. In fact we want people to find us.’  Lots are priced in both dollars and Bitcoin, with big discounts for buyers who pay in that crypto-currency. Many early adopters of Bitcoin find themselves sitting on small fortunes, and Mr Johnson hopes to tempt them to diversify into real estate.”

http://www.economist.com/blogs/schumpeter/2013/12/libertarian-enclaves

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Uruguay: Decline of the Green Revolution and the Future of Farming

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“We are happy to see the progress of Doug Bell’s project, as he is offering an alternative to securities investing and one that is an unusual asset class. Uruguay itself, meanwhile, continues to attract attention and was recently named the ‘country of the year’ by the Economist magazine. Often called the Switzerland of South America, it is being reported that there are forces at work trying to develop Uruguay into a kind of Latin American Silicon Valley that will draw clients from Europe.  The definitive change that is coming to Uruguay will happen because of the recent legalization of marijuana. In the meantime, Uruguay will continue to be known for its organic produce and meats.”

http://www.thedailybell.com/exclusive-interviews/34856/Anthony-Wile-Doug-Bell-on-the-Decline-of-the-Green-Revolution-and-the-Future-of-Farming/

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South America Can Now Crowdfund With Bitcoins

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“While the rest of us are messing around with our PayPals and Amazon Payments, some folks in Argentina have created the first crowdfunding platform in America to take Bitcoin.  The platform, called Idea.me focuses primarily on artistic, musical, and retail projects although, as evidenced by the project photos, many campaigns have a philanthropic bent. The platform was ‘born in Argentina’ wrote Pia Giudice and is now in seven countries in Latin America. It is the area’s only regional crowdfunding platform. The platform has seen $750,000 in funding and should be raising $2.4 million in March 2014 in a Series A.  Idea.me has already funded 450 projects and seen $2 million pledged to backers.”

http://techcrunch.com/2013/12/17/south-america-can-now-crowdfund-with-bitcoins/

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Monsanto Marijuana Initiative Grows in Uruguay?

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“Monsanto, under attack regarding its GMO seeds, may need a new market to re-establish credibility and even popularity – as marijuana will surely prove a more welcome crop than soy in the public mind. Monsanto’s efforts as regards marijuana in Uruguay may be helped by the overwhelming government involvement in the cultivation, sales and marketing of marijuana. With its talent at bending smaller governments to its will, Monsanto may find a significant opportunity in Uruguay to establish an even more aggressive business beachhead. There is no doubt that the Uruguayan government will dominate marijuana production, at least in the short term.”

http://www.thedailybell.com/news-analysis/34833/Monsanto-Marijuana-Initiative-Grows-in-Uruguay/

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Bill Bonner: Is This the World’s Cheapest Commodity Play?

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“Brazil has made its share of bad decisions… and suffered its share of bad policies. Generals, dictators, repression, depression and hyperinflation – Brazil has seen it all.  In the 1980s, Brazil’s consumer price increases went wild. In constant currency, a taxi ride that might have cost 4 cruzeiros in 1980 would have cost 5 trillion cruzeiros in 1994.  The government tried to head off inflation by introducing a new currency, the cruzado. Then came the new cruzado. Then came the cruzeiro back. And finally, the government introduced the real.  With prices rising so rapidly, it was impossible for investors and business people to make reasonable projections.”

http://www.bonnerandpartners.com/is-this-the-worlds-cheapest-commodity-play/

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Bill Bonner: Is This Emerging Market About to Be Hit by a ‘Perfect Storm?’

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“‘What’s the outlook for Brazil?’ we asked our colleague Rodolfo Amstalden of Empiricus Research in Sao Paulo. It was raining outside. We were in his new digs, overlooking the fashionable Itaim district.  ‘That depends on who you talk to,’ he began. ‘But to us it looks terrible. We’re warning investors to watch out for a ‘perfect storm’ that could flatten share prices on the Bovespa.  You have to realize that shares have lost 17% this year. And they’re down 30% from their high set in 2008.  But that doesn’t mean they’re cheap. The average P/E is still about 17 – not too far away from the US average.  And here’s what could happen in 2014…”

http://www.bonnerandpartners.com/is-this-emerging-market-about-to-be-hit-by-a-perfect-storm/

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