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How would a blackhat survive in this situation with little to no loss?

Discussion in 'BlackHat Lounge' started by small_town_boy, Mar 10, 2009.

  1. small_town_boy

    small_town_boy Power Member

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    I just read some very "pleasant" predictions from Bloomberg regarding the economic status of my country. The article is here: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agQF0X_OSyp4

    I'm not pretty sure what does it mean when a country goes bankrupt. I think it's like the government won't be able to pay for pensions and other social guarantees. Is it really possible for a country to go bankrupt?

    Now, I am not an economist, but maybe there are some blackhat economists here, who would know what would be the best strategy in this situation. I want to survive this crisis with little loss as possible and of course - nice black hat profits :D. One thing I'm doing is keeping most money in $, so in case lat is devaluated, it isn't such a loss.

    Also another thing is that our unemployment rate and salaries are very low and people are losing job all the time :(

    I would like to leave country but I still need to finish my bachelor's which will be in ~July. I'm not really sure where to go, too, and don't have enough cash to just buy a mansion in Hawaii or something.

    I would like to know what you guys think about this issue.
     
  2. secretboy08

    secretboy08 Jr. VIP Jr. VIP

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    The worst thing about an economy collapse would be a sky rocket increase in crime rate.so my best advise for you would be to keep a low profile.
    also,think of going to a nicer economy.europe and US are already affected.try some of the asain economies.they cost less to live and and are at the moment less affected by recession.
     
  3. small_town_boy

    small_town_boy Power Member

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    Nah, that is too complicated. I mean - the language barrier and everything.
    I will try to get into student exchange program for magistrates and maybe move to Australia so I can study there and they actually pay me for living. I am not sure if they accept me though.

    True about the crime level though, it is already raising, everyone is buying weapons and stuff. Damn, soon it will be like 90's all over again.
     
  4. babypar

    babypar Jr. VIP Jr. VIP Premium Member

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    I don't believe the EU will allow that to happen, provided they agree to their conditions
     
  5. snaskit

    snaskit Newbie

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    Yeah come and live in stockholm :) btw riga is a very nice town to party in :p
     
  6. small_town_boy

    small_town_boy Power Member

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    The problem with me moving is that I have everything here, my home, my family, my friends, my "hood". I am not sentimental or anything, it's just the comfort level here will be much higher unless I invest at least 100k$ in moving to another country. I will need to buy a cool flat, pay all the rent, buy food, buy cloth, prices will be even higher than here and most of all - I will be all ALONE in a country which language I do not know!...but on the other hand I HATE the government politics here, the taxes, the rotting economy...complicated situation really!
     
  7. Whacko

    Whacko Newbie

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    The chances are that Latvia will plead for some help not only off the EU, but individual countries like the UK, Germany, France, Italy and Holland, they are quite rich countries compared to most, especially the UK as they will do anything to get allies lol.
     
  8. aistee

    aistee Regular Member

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    Go to one of the Scandinavian countrys. Won't be far for you to travel when ever you wanner go home and say hi to famaly and friends. The economical and social systems in Sweeden, Noway and Denmark will also make sure you won't have to live on the street.

    Right now we still need people to come and work in Denmark. What are you studying? We need more or less all kind of brainy people. We are about 10k workers short in the hospitals, and the goverment is working hard to get Germans and Sweed's to come work here.
     
  9. justthinking

    justthinking BANNED BANNED

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    I would make a decision very quickly. Your country is in bad shape and it doesn't look like it will get better anytime soon. In other words, the world is at the beginning of the economic crisis and your country is already at the door of bankruptcy.

    If I was you, I would not be hopeful. Which country nearby has a stable government and economy? Go there.
     
  10. raimis100

    raimis100 BANNED BANNED

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    http://www.youtube.com/watch?v=mhyJW65h-BU

    lol, latvia is being run by idiots
     
  11. leonidt

    leonidt Regular Member

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    Some of us made good money in the 90s. If you know how to take advantage of opportunities, come over here. If you just want to live the "legit" life, go to Europe. Either way, I wouldn't stay in those little countries if I was you.
     
  12. small_town_boy

    small_town_boy Power Member

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    I was considering this. I know a guy who went to study to Denmark for free. Their education system is very supportive, however there are HUGE minuses. One is the HUGE prices. Everything is very, very expensive. Another minus is the HUGE crime level.

    I know, that guy is the finance minister. He is a joke, but people like this run the government and that makes me really sad :(

    I know russian, but I know that Russia is currently having big problems, too. Not only Putin-Medvedev run the country on semi-totalitarism, but the economy is in shits, too. Also the culture level is really low.

    And by returning 90's I meant the crime level, street gangs, racketeers, etc, etc...
     
  13. leonidt

    leonidt Regular Member

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    bwahahaha I moved back here from the USA because I have more freedom. (I hold dual citizenship)

    Really? I haven't noticed with all this fucking money me and all my friends are banking.

    So did I. :D

    Anyways guy, it's all good. The last thing I want is to start a political debate, was just giving my opinion on your question. No hard feelings I hope. ;)
     
  14. kandor

    kandor Regular Member

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    What you can do, I don't know really.
    But that it would be unbelievable that a country would go bankrupt?

    Well your country been there already one time I would say.
    Remember Bank Baltia?

    So that its going to happen again is no surprise.

    The government you have is so corrupt and so against humanity that it is really unbelievable.
    And I really feel with all of you there.

    I had an uncle that had business in Riga before and he was getting fined all the time because he was giving work to Russians that did not have certificate in Latvian language skills.
    And is still the same with the certificate and all.

    Sorry to write this, just thought to write little bit about this.

    But I hope you figure things out and will be able to do something and not loose to much.

    Kandor


     
  15. bizcredit

    bizcredit Power Member

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    A gold coin worth $1000 or more is small and can be hidden on you easily. Invest in those.
     
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  16. small_town_boy

    small_town_boy Power Member

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    No problems, man. But you see, you already have set it all up, running a successful business, having no problems with money...you can move to any country and live good. I mean, I'm not that lost, but still I am struggling to build my business until I have no worries about income anymore. Maybe it will be in summer, maybe after a year, maybe later...who knows?

    The fact is that I do not have enough money to just move somewhere on my own right now at the moment, but if I could get on some student exchange program where they actually pay me to study in some Australia or something, then yes - it would be great :)

    And btw - in this situation I would choose Russia over Latvia any day. At least I know the country is powerful and I like the absence of copyright laws and EU regulations, however I don't really have close relatives in Russia to move to.

    I guess I'll just keep most of money in dollars and in cash and convert lats only when I need to buy food or something :/ Dollar is pretty stable right now, right?
     
  17. kandor

    kandor Regular Member

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    I would invest in € or £

    Kandor

     
  18. leonidt

    leonidt Regular Member

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    For what its worth, I keep my savings in ~75% gold, ~25% EUR. I don't trust the USD.

    And yeah guy, no hard feelings. Best of luck to you in whatever you decide to do. :)
     
  19. xvoidx

    xvoidx Registered Member

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    The US isn't going bankrupt. It didn't go bankrupt during the depression. We survived. We didn't go bankrupt during Carter. We survived. We are not going to go bankrupt now.

    No matter how many wet dreams Europeans have of the U.S. falling. Its not going to happen. Besides, If America goes bankrupt we will still have our military. We will most likely take you with us. Good luck with that.

    Sorry, didn't mean to rain on your parade.

    Also to the Russian guy are you allowed to own a gun in Russia?
    just curious about how much "freedom" you have over there. Not meant as a insult.
     
  20. apekillape

    apekillape Senior Member Premium Member

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    Wait wait wait, Latvia? Can't Dr. Doom save you?

    N