Or will the environment rapidly devolve to: http://ferfal.blogspot.com/
You never want to be in a race to the bottom.
Cheaper countries can be fun, but there's lots of downsides as well. If you are asocial, it could be your dream to live there. I'll always want a vacation there, but not to live there.
It's currently unlikely, but I suspect the U.S. could implement that much faster than you think if it keeps going downhill. It already implemented a ban on holding gold in the past, for example ( http://en.wikipedia.org/wiki/Executive_Order_6102 in place until 1974 ). It's not the scenario I envision, but thinking "The U.S. would never do that!" is naive.
By the way, I believe the original post had a reasonable suggestion... you could live like a king for your lifetime in, say, Uruguay or Costa Rica with 5 million (and those are reasonably safe countries). Yes, emigrating is a quite hard decision, but it is a possibility.
The combination is a cheap city full of life. If you have the chance you should definitely go check it out.
Yes, great place to live or visit, full of life, great people, but not cheap.
Maybe you want to look further east.
Curious to know what is cheaper in Berlin compared with Copenhagen, I am surprised there is much difference. Did not find much difference in Denmark when I passed through, and spent quite a bit of time in Stockholm, avoided light beers. Did not find much that was more expensive.
Just out of curiosity, how cheap would you say it is? Any crime issues?
This level: I'm done.