Topic: Is Chile consider fairly stable and safe? - page 2. (Read 1743 times)

It is a fairly stable country some remnants of Tension exist between the strong right and left wings of the country which are in part due to the legacy of the Pinochet era and the transition from a Presidential dictatorship to a democratic system but overall other than that it is doing well.

Think yes
Progressive and pretty good governance
Run by a billionaire though aren't they?

Chile isn't a nuclear power , nor has the military power needed to keep the country afloat when it will be near bankruptcy.

One little difference

Sounds less than ideal.
However, the same can be said for the USA.

Sorry to see my prophetic upthread warning came true again. But looks like this 8.2 quake wasn't too deadly.

My main worry about Chile is the economy is so dependent on copper. And copper is going to crash in price, because:

• Massive oversupply of manufacturing due to $223 trillion global debt bubble, and exacerbated by China running a Yuan peg to drive their fixed capital investment share of their GDP from 30% to 60%. Can you spell C-O-L-L-A-P-S-E?
• $223 trillion global debt bubble collapse again
• Everything tangible will become incredibly devalued in the Knowledge Age Economy coming

I don't know how Chile will transform.

Also there are two Chiles, the affluent and the mestizos who don't integrate with the economy. And they cause trouble with land rights, etc..

As long as there is no military coup, Chile can be considered as safe and stable. But I have to warn that military coups do occur frequently there.

This might help you to make an idea if chile is safe
http://kindles7reasonsofchileanliving.blogspot.ro/2012_10_01_archive.html

And worse earthquakes with tsunamis. It also has the climate range similar to Baja, Mexico all the way to Canada. And the water swirls the opposite direction down the toilet bowl.

One positive about Argentina and Chile is the snakes are not poisonous, but other things are such as this crazy tiny spider (or perhaps I am thinking of Brazil) that can kill you. Then again there is a tree frog here in the Philippines that spits in your eye and blinds, but I've been lucky to avoid them thus far (although I almost went looking at one when someone grabbed me and informed me of the danger).

The most important thing is the cultural adaptation to a new country is not easy for most people. Most highly underestimate this. I speak from decades of experience of adjusting to another country from my birth place USA.

Edit: be wary about land rights outside of the metropolitan areas especially south of Santiago, as there are many areas where the natives still dispute land rights and you can end up in a mess. For the same reason, never buy land in Patagonia, Argentina.

In short, if something is cheap, there is probably a good reason. The again, I punted on a $25,000 acre size property on the beach near La Paz, Baja, Mexico in 2001 and you can't get anything there now for 10X that price. But I believe the bubble is coming near to its collapse.

The copper doesn't fall from the sky, but their economy is something like 50% dependent on the price of copper. Mono-economies are very unstable. Don't let the current $150 trillion global debt balloon lull you into a false sense of stability.

...and a climate similar to sunny So Cal.
It sounds fairly stable and safe....watch for falling copper.

Chile's political stability has been historically dependent on the price of copper.

Chile is a well-run economy and has generally had a stable political structure

Low on corruption, a little higher on free-market capitalism than most other south american countries

If copper doesn't collapse in a global economic implosion.

I wouldn't invest now. Wait.

Venezuela seems to have serious problems.
Is Chile considered fairly stable and safe?
For the Libertarians they have a Galt's Gulch
http://galtsgulchchile.com/
with organic farming.