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New "get rich quick/save a lot" countries?
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naturegirl321



Joined: 04 May 2003
Posts: 9041
Location: home sweet home

PostPosted: Mon Nov 24, 2008 4:51 pm    Post subject: New "get rich quick/save a lot" countries? Reply with quote

Anyone know where they are? It used to be lots of countries in Asia, like Japan, Taiwan and Korea. Japan's heyday was a couple of years ago, seems like salaries or cost of living has dropped. with Taiwan people say it takes a lot of start up money, And Korea, well, the won has gone done 50%, enough said.

Sure, you could go to the Middle East if you have enough experience. Though I've been applying for places in the UAE and can't seem to get in. Maybe it's because I haven't finished my MA? I'm waiting for my thesis to be approved, it's been ten months, so I'm sure it'll be approved ANY time, but I don't think it counts since it's not from an English speaking country.

So, is this a flash in the pan thing? Or are we seeing the dark before the storm? Are salaries and exchange rates going to continue to drop?

Another thing I don't get, why is it with a mass recession that the dollar is stronger than ever? The pound, yen, won , and countless other currencies have dropped.

Now, where in the world can you go to save?
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Mon Nov 24, 2008 4:54 pm    Post subject: Reply with quote

Quote:
Another thing I don't get, why is it with a mass recession that the dollar is stronger than ever?


In down times, people put their assests into the safest bets, which are the dollar, US government bonds, and gold.
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MO39



Joined: 28 Jan 2004
Posts: 1970
Location: El ombligo de la Rep�blica Mexicana

PostPosted: Mon Nov 24, 2008 5:29 pm    Post subject: Reply with quote

Guy Courchesne wrote:
Quote:
Another thing I don't get, why is it with a mass recession that the dollar is stronger than ever?


In down times, people put their assests into the safest bets, which are the dollar, US government bonds, and gold.


Why is the dollar safe with the US economy in such dreadful shape?
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Mon Nov 24, 2008 5:37 pm    Post subject: Reply with quote

Domestic US economic troubles have less to do with the dollar's position as central to the global economy than does the dollar's use a basis for pricing internationally traded commodities. The dollar simply represents the center where all currencies are relatively valued against each other and without a gold standard, at least as far as I understand it all.
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teflcapie



Joined: 16 Feb 2008
Posts: 17

PostPosted: Mon Nov 24, 2008 5:39 pm    Post subject: Reply with quote

The reason economists give for the current strength in the dollar is that it's caused by Americans selling off stocks and other assets abroad to offset their cash flow crisis in the US.

The resulting inflow of dollars into the US strengthens the value of that currency...
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spiral78



Joined: 05 Apr 2004
Posts: 11534
Location: On a Short Leash

PostPosted: Mon Nov 24, 2008 7:23 pm    Post subject: Reply with quote

I think that those fewer and fewer well-paid jobs are going to be more and more limited to teachers with better-than-average qualifications.
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naturegirl321



Joined: 04 May 2003
Posts: 9041
Location: home sweet home

PostPosted: Mon Nov 24, 2008 7:23 pm    Post subject: Reply with quote

Well, then I hope the US digs itself out of its recession / depression soon. Or else I'm going to be stuck in Peru, and I'd honestly rather go to ASia in mid Feb. Got my contract signed and everything.
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chrisms86



Joined: 18 Jan 2008
Posts: 30

PostPosted: Mon Nov 24, 2008 7:37 pm    Post subject: Reply with quote

I'm not a teacher yet but from the research I've done it seems as if Japan has the highest earning potential outside of the Middle East. Mind you I am not considering places like Hong Kong or Singapore because I wouldn't be able to get a job there--your situation may differ. The yen has gained strength against the dollar while other countries that come to mind when thinking of TESOL--Turkey, Taiwan, Korea, Vietnam--have seen their currency's value against the dollar drop, in some cases drastically.
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Glenski



Joined: 15 Jan 2003
Posts: 12844
Location: Hokkaido, JAPAN

PostPosted: Mon Nov 24, 2008 9:59 pm    Post subject: Reply with quote

I can't honestly believe you think there is a get-rich-quick opportunity anywhere in the world today.

Japan? Read the newspapers.
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spiral78



Joined: 05 Apr 2004
Posts: 11534
Location: On a Short Leash

PostPosted: Mon Nov 24, 2008 10:42 pm    Post subject: Reply with quote

Second Glenski. It doesn't exist.
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johnslat



Joined: 21 Jan 2003
Posts: 13859
Location: Santa Fe, New Mexico, USA

PostPosted: Mon Nov 24, 2008 10:50 pm    Post subject: Reply with quote

Except for the already rich, who, in times of economic distress, can get even richer by preying upon the once well-off.
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Yossarian Lives



Joined: 22 Nov 2008
Posts: 13

PostPosted: Tue Nov 25, 2008 1:36 am    Post subject: Reply with quote

Vietnam, my friends. Best kept secret in Asia.
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Marcoregano



Joined: 19 May 2003
Posts: 872
Location: Hong Kong

PostPosted: Tue Nov 25, 2008 2:04 am    Post subject: Reply with quote

Get rich quick? Las Vegas ...
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johnslat



Joined: 21 Jan 2003
Posts: 13859
Location: Santa Fe, New Mexico, USA

PostPosted: Tue Nov 25, 2008 2:49 am    Post subject: Reply with quote

Dear Marcoregano,
Unless you happen to own a casino. Las Vegas is almost always "get poor quick."
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Marcoregano



Joined: 19 May 2003
Posts: 872
Location: Hong Kong

PostPosted: Tue Nov 25, 2008 3:45 am    Post subject: Reply with quote

Hi John. Indeed! My intention was to imply that getting rich quick is a mirage - your best chance is a roll of the dice.
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