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    • Chitré, Panama
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    • Dumaguete, The Philippines

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    • Medellin, Colombia
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    • Kyrenia, Cyprus
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    • Las Terrenas, The DR
    • Pisa, Italy
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  • Home
  • Countries

    Top Destinations:

    Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

    • Spain
    • Portugal
    • Panama
    • Belize
    • Colombia
    • Cyprus
    • Mexico
    • France
    • Montenegro
    • Browse All Countries

    Best For:

    • The Best Places To Retire
    • Health Care Abroad
    • Cost Of Living
    • Investing in Real Estate
    • Establishing Residency
    • Gun Laws In The World
    • English-Speaking Countries
    • Safest Places For Retirement
    • Best Places In Latin America
  • Budgets

    How Much Will It Cost You To Live Overseas?

    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
    • La Rochelle, France
    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
  • Resources

    Global Living

    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore & Diversification

    Making Money

    • International Real Estate
    • Banking
    • Employment
    • Investing

    Follow Us:

    • Meet Our Experts
  • Real Estate

    Buying Real Estate For Cashflow

    • Discover tips and strategies used by global property investing veterans

    Explore Our Latest Posts

    • Learn how to invest and purchase property abroad…

    Go To The Overseas Property Alert Site

    • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
  • Conferences

    Upcoming Events

    • Explore Our Events Site

    Live and Invest In Spain Conference

    Offshore Wealth Summit

    Greece Workshop

    VALENCIA, SPAIN

    Sep. 17-19, 2025

    PANAMA CITY, PANAMA

    Oct. 15-17, 2025

    VIRTUAL

    Nov. 13, 2025

    LEARN MORE
    DISCOUNT
    LEARN MORE
    PRE-REGISTER
    LEARN MORE
    PRE-REGISTER
    • MORE EVENTS

    Contact Our Events Team

    Toll-Free U.S. and Canada:
    1 (888) 627 8834
    From Outside North America:
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    Reach us with your questions by email at: events@liveandinvestoverseas.com

  • Store

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    overseas living letter offers affordable retirement guidance
    The Simon Letter Wealth Protection Insights
    Global Property Advisor Global Investment Opportunities

    Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

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Live and Invest Overseas
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What Happens To U.S. Retirees If The U.S. Dollar Collapses?

by Live And Invest Overseas
Jun 13, 2014
in Mailbag
0 0
A dollar driven economy overseas has its pros and cons, like a US Dollar Collapse.

“Kathleen and Lief, great stuff, always a favorite read. Having been to many of the places you write about, I will say that you are right on the money. Keep up the good work.

“But I have a question. You both mention the dollar in Ecuador and Panama as though this is a good thing. The U.S. dollar is under fire big time now. The risk is very real that the petro-dollar will cease to exist and/or that the U.S. dollar will fall as the world’s reserve currency. When either or both of these events occur, massive price inflation will follow (as it invariably does) the massive monetary inflation which has already occurred. The U.S. dollar is no longer a good repository of purchasing power. What will be the effect on other countries (and expats living there) that use the U.S. dollar when major to hyper-inflation sets in for the U.S. dollar?”

–George F., United States

The U.S. dollar could lose its place as the world’s reserve currency, but that won’t happen overnight…just as the transition from the British pound to the U.S. dollar as the world’s reserve currency didn’t happen overnight. Any immediate and drastic effect from the U.S. dollar falling from this position is unlikely.

Should the United States see hyperinflation due to other issues with the U.S. dollar or the U.S. economy, then other U.S. dollar-based economies would be affected, as well, although probably to a lesser extent. Panama can’t print more dollars to pump into its economy; the country has to earn them. That fact has helped to keep inflation in Panama much lower than U.S. inflation over most of the last century that Panama has used the dollar as its currency.

Still, yes, Panama would see inflation if the U.S. dollar collapsed against the world’s other major currencies. And, if that happened, Panama could elect to change its currency…as could Ecuador and the other dollar economies.

The reality is that folks living on fixed U.S. pension or Social Security income will be in trouble if the dollar collapses. This will be the case whether they live in the United States or in another country that uses the U.S. dollar, such as Panama or Ecuador. However, they will be better off at least in the short-term if they are living outside the United States.

Continue reading: Deferring U.S. Tax Using The 1031 Like-Kind Exchange

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Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.

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Top Countries

  • Spain
  • Portugal
  • Panama
  • Belize
  • Colombia
  • Cyprus
  • Mexico
  • France
  • Montenegro

Best For:

  • Health Care Abroad
  • Retirement Living
  • Cost Of Living
  • Investing in Real Estate
  • Establishing Residency
  • Gun Ownership
  • English Speakers
  • Safety
BROWSE ALL COUNTRIES

Budgets

How Much Will It Cost
To Live Overseas?

Super Cheap

  • Chitré, Panama
  • Santa Marta, Colombia
  • Phuket, Thailand
  • Dumaguete, The Philippines

Cheap

  • Medellin, Colombia
  • Boquete, Panama
  • Kyrenia, Cyprus
  • Hua Hin, Thailand
  • The Algarve, Portugal

Affordable

  • Valencia, Spain
  • Cascais, Portugal
  • Las Terrenas, The DR
  • Pisa, Italy
  • La Rochelle, France
  • Mazatlán, Mexico

Luxury

  • Ambergris Caye, Belize
  • Kotor, Montenegro
  • The Panama City Beaches
  • Paris, France

Resources

Global Living

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LEARN MORE
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Store

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