So you'd be looking at high potential rental income, cheap properties or, even better a combination of the two.That prime candidates would be:Mexico and the Dominican Republic: cheap properties, mass tourism, occupancy all year long, closeness to North America, direct flights from North America, the US and increasingly Asia, strong international and domestic tourism and tourists coming from diverse locations.Southern Europe (Portugal, Spain, Italy, Greece): properties aren't necessarily that cheap (some are) but you have mass tourism there as well.Then you have secondary markets like Colombia or Brazil.

In countries like Mexico, Costa Rica, Panama, Dominican Republic or Uruguay, the properties that you'd buy are traded in USD.

Mike, I know it's the Republic of Cali, but it's federal law, a contract entered into in the contemplation of bankruptcy will be subject to being set aside, regardless of what Cali attorneys think.

Canary In The Coal Mine: Unfunded Liabilities Have Turned Illinois Into A "Banana Republic"The state is buried debt, and hasn’t passed a budget in over 700 days. 100% of their monthly revenue is being consumed by court ordered payments, and the Illinois Department of Transportation has revealed that they may not be able to pay contractors (who are working on over 700 infrastructure projects) after July 1st if the state doesn’t pass a budget.

Hello Republic Wireless for $31.00 a month all fees included.  

[edit] TheStreet.comIn 1996 Cramer co-founded TheStreet.com with The New Republic editor Martin Peretz, one of his hedge fund's original clients.

True though, if he was doing more that a couple of these "trades" a year, Uncle Sam and the Peoples' Republic of California are going to want their share.

However, I would like to avoid Puerto Rico, Dominican Republic, and Mexico, but that doesn’t mean if presented with a fantastic opportunity, I wouldn’t look into it.

Morgan Chase, Morgan Stanley, New York Mellon, Bank of America, Citigroup, Merrill Lynch, Morgan Stanley, State Street Bank and Wells Fargo are all being bailed out by the (say it with me) United Socialist Peoples Republic of America.

Market Vertigoby Cliff Draughn "We give you a Republic; now see if you can keep it." -- Ben FranklinAs I have remarked in prior calendar-turning newsletters, it is this time of the year when most people pause to reflect on the past, ponder the present, and plan the future.