BajaNomad
Not logged in [Login - Register]

Go To Bottom
Printable Version  
 Pages:  1    3
Author: Subject: Peso is being sucked into the vortex
DENNIS
Platinum Nomad
********




Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline


[*] posted on 2-27-2009 at 07:36 AM
Peso is being sucked into the vortex


WOW. When will it stop? It just went down to 15.10 to one. The worst thing they could do is freeze it again. Nobody will invest in a country which won't deal with the true value of its money.
View user's profile
Diver
Ultra Nomad
*****




Posts: 4729
Registered: 11-15-2004
Member Is Offline


[*] posted on 2-27-2009 at 07:47 AM


Good points, Dennis.
I'm afraid that the sh-t has not yet hit the fan in Baja/Mexico.
View user's profile
oldlady
Banned





Posts: 1714
Registered: 10-31-2005
Location: BCS
Member Is Offline


[*] posted on 2-27-2009 at 07:53 AM


Quote:
Originally posted by DENNIS
Nobody will invest in a country which won't deal with the true value of its money.

Unless it's the United States
View user's profile
DENNIS
Platinum Nomad
********




Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline


[*] posted on 2-27-2009 at 08:38 AM


Quote:
Originally posted by oldlady
Unless it's the United States


Oh...yeah. I forgot about that. Hope for Mexico is on the horizon...just over that fence.:lol::lol::lol:
View user's profile
Woooosh
Banned





Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
Member Is Offline

Mood: Luminescent Waves at Rosarito Beach

[*] posted on 2-27-2009 at 09:09 AM


Quote:
Originally posted by DENNIS
Quote:
Originally posted by oldlady
Unless it's the United States


Oh...yeah. I forgot about that. Hope for Mexico is on the horizon...just over that fence.:lol::lol::lol:


The pesos isn't dropping becuase of internal problems (yet)- the dollar just got stronger across the board.

Mexico has no shame. They will be at the border with their hands out- begging for more billions to keep the peso propped up. But the problem isn't a weak peso or euro- it's a stronger dollar. The USA is too busy to answer the phone. They should be begging the Chinese.

The dollar is king once again- everyone is turning to the dollar (or gold). A few months ago countires were talking about switching to the Euro as their standard, even OPEC discussed it- no mas. When it all hits the fan- people turn to the USA. No one else can be trusted and the world knows it.




\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
View user's profile Visit user's homepage
vandenberg
Elite Nomad
******




Posts: 5118
Registered: 6-21-2005
Location: Nopolo
Member Is Offline

Mood: mellow

[*] posted on 2-27-2009 at 09:15 AM


Quote:
Originally posted by DENNIS
Nobody will invest in a country which won't deal with the true value of its money.


Dennis,
That statement brought a smile to my face, especially coming from you.
And Oldlady's response was right on the money.

But, the new Messiah will correct all that.
Just hope that I won't make that tax bracket where my taxes go up.:P:P
Was worried about having to learn Mandarin, but looks like that threat is over. Lots of toddlers out of work over there.:biggrin:




I think my photographic memory ran out of film


Air Evacuation go to
http://www.loretobarbara@skymed.com
View user's profile
gnukid
Ultra Nomad
*****




Posts: 4411
Registered: 7-2-2006
Member Is Offline


[*] posted on 2-27-2009 at 09:32 AM


With the changing peso people should also be aware of rapidly increasing issues with prices changing in an unfair manner, the best precaution is to know the price for things, do the math yourself and only pay the correct price as opposed to handing over extra and expect change. For example, in CCC Colima I shopped as normal and when I got to the register I noticed I was overcharged on about 5 items resulting in a bill about 10-20% higher than the listed prices. When I brought it to the attention of the cashier she said in spanish, "oh well I can't do anything about, I am only an employee and its the practices of the manager running the computer." Of course, when I said well you'll need to charge to the correct prices on all items she said "oh I can not". Of course, I eventually got the correct prices charged after a wait.

In a certain Marina in La Paz where they do boat repair one brother is known lately for quoting a price and charging significantly more and refusing to drop the boat in the water until the increased price is paid... He has very few customers but the ones who do happen to waltz in are duly overcharged by 3-4 times the quote.

A Marine shop on 5th of February has 2 prices listed, dollars and pesos and then chooses prices even higher, plus importation fee and iva when you buy. That's a shop worth skipping.

The point is there are many people in this time using whatever method possible to heavily overcharge on even fewer customers. It's up to you to bring pesos, pay attention and pay the correct amount and be prepared to wait out the stand-off or leave when the time to pay comes. Don't get mad, just leave. It'll save you quite a bit of money. And you should be sure to not return to stores which overcharge and warn your friends. Its getting pretty crazy out there.
View user's profile
k-rico
Super Nomad
****




Posts: 2079
Registered: 7-10-2008
Location: Playas de Tijuana
Member Is Offline


[*] posted on 2-27-2009 at 10:20 AM


14.91 at a Santander ATM in TJ this morning.
View user's profile
DENNIS
Platinum Nomad
********




Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline


[*] posted on 2-27-2009 at 11:20 AM


For those who don't have it at their fingertips, here you go:


http://finance.yahoo.com/currency-converter?amt=1&from=U...


OOOOPS...Just change the currencys and bookmark it and it will stay where it belongs, dollars to pesos.

[Edited on 2-27-2009 by DENNIS]

[Edited on 2-28-2009 by BajaNomad]
View user's profile
Bajahowodd
Elite Nomad
******




Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
Member Is Offline


[*] posted on 2-27-2009 at 11:38 AM


Our IOUs are staggering. The recently announced budget will result in even more debt. So what does it say for the state of the world, when the seek refuge in our currency? Sure the Euro has tanked. $1.27 today. But are there any economist/ genuises out there who can 'splain to me how the Pound ($1.434) remains so strong?
View user's profile
Woooosh
Banned





Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
Member Is Offline

Mood: Luminescent Waves at Rosarito Beach

[*] posted on 2-27-2009 at 11:45 AM


Quote:
Originally posted by Bajahowodd
Our IOUs are staggering. The recently announced budget will result in even more debt. So what does it say for the state of the world, when the seek refuge in our currency? Sure the Euro has tanked. $1.27 today. But are there any economist/ genuises out there who can 'splain to me how the Pound ($1.434) remains so strong?


Because the USA and GB are best buddies, and always will be, is the only reason.




\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
View user's profile Visit user's homepage
Bajahowodd
Elite Nomad
******




Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
Member Is Offline


[*] posted on 2-27-2009 at 12:11 PM


I guess that's good enough to take to the bank.:tumble:
View user's profile
Dave
Elite Nomad
******




Posts: 6005
Registered: 11-5-2002
Member Is Offline


[*] posted on 2-27-2009 at 12:22 PM
What Pound?


Quote:
Originally posted by Bajahowodd
But are there any economist/ genuises out there who can 'splain to me how the Pound ($1.434) remains so strong?


I thought everyone was on the Euro.




View user's profile
sylens
Senior Nomad
***


Avatar


Posts: 584
Registered: 4-6-2005
Location: Ensenada
Member Is Offline

Mood: ando bajando

[*] posted on 2-27-2009 at 12:49 PM
nope


the brits are hanging on to their pounds.:tumble:



lili
View user's profile
vandenberg
Elite Nomad
******




Posts: 5118
Registered: 6-21-2005
Location: Nopolo
Member Is Offline

Mood: mellow

[*] posted on 2-27-2009 at 01:02 PM


Quote:
Originally posted by sylens
the brits are hanging on to their pounds.:tumble:



Lots of them, litterally.:biggrin:
And some to their teeth also.:biggrin:




I think my photographic memory ran out of film


Air Evacuation go to
http://www.loretobarbara@skymed.com
View user's profile
flyfishinPam
Super Nomad
****


Avatar


Posts: 1727
Registered: 8-20-2003
Location: Loreto, BCS
Member Is Offline

Mood: gone fishin'

[*] posted on 2-27-2009 at 01:40 PM


bancomer.com was down for a couple of hours and I checked several times cuz I wanted to pay off the telephone bills. its back up and I just exchanged dollars at 15.03 to 1 !

can somebody please enlighten me on why the dollar is so strong against pretty much every world currency?




View user's profile Visit user's homepage
oldlady
Banned





Posts: 1714
Registered: 10-31-2005
Location: BCS
Member Is Offline


[*] posted on 2-27-2009 at 01:42 PM


The US is, for now, the best house in the slum.
View user's profile
David K
Honored Nomad
*********


Avatar


Posts: 65306
Registered: 8-30-2002
Location: San Diego County
Member Is Offline

Mood: Have Baja Fever

[*] posted on 2-27-2009 at 01:53 PM


Quote:
Originally posted by oldlady
The US is, for now, the best house in the slum.


Well put!




"So Much Baja, So Little Time..."

See the NEW www.VivaBaja.com for maps, travel articles, links, trip photos, and more!
Baja Missions and History On Facebook: https://www.facebook.com/groups/bajamissions/
Camping, off-roading, Viva Baja discussion: https://www.facebook.com/groups/vivabaja


View user's profile Visit user's homepage
Woooosh
Banned





Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
Member Is Offline

Mood: Luminescent Waves at Rosarito Beach

[*] posted on 2-27-2009 at 01:59 PM


Quote:
Originally posted by oldlady
The US is, for now, the best house in the slum.


pretty much. The world stage loves to hate the USA just for that reason. Love us or hate us, we can get the job done. So can the Brits. One weak country in the Eurozone and the Euro is done for. Dollars or gold- two of the best bets.

Our achilles heel is now the Chinese- who own our debt. Of course we could always play the game by their rules and just tear the notes up and move on.




\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
View user's profile Visit user's homepage
Bajahowodd
Elite Nomad
******




Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
Member Is Offline


[*] posted on 2-27-2009 at 02:02 PM


I agree. But we're runnin' on empty. I'm guessing that other countries are working off of history and memories. Since WWII, we have been top dog financially. I suspect that if the Euro had a much longer history, it might be giving us a run for our money (pun intended).
View user's profile
 Pages:  1    3

  Go To Top

 






All Content Copyright 1997- Q87 International; All Rights Reserved.
Powered by XMB; XMB Forum Software © 2001-2014 The XMB Group






"If it were lush and rich, one could understand the pull, but it is fierce and hostile and sullen. The stone mountains pile up to the sky and there is little fresh water. But we know we must go back if we live, and we don't know why." - Steinbeck, Log from the Sea of Cortez

 

"People don't care how much you know, until they know how much you care." - Theodore Roosevelt

 

"You can easily judge the character of others by how they treat those who they think can do nothing for them or to them." - Malcolm Forbes

 

"Let others lead small lives, but not you. Let others argue over small things, but not you. Let others cry over small hurts, but not you. Let others leave their future in someone else's hands, but not you." - Jim Rohn

 

"The best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer." - Cunningham's Law







Thank you to Baja Bound Mexico Insurance Services for your long-term support of the BajaNomad.com Forums site.







Emergency Baja Contacts Include:

Desert Hawks; El Rosario-based ambulance transport; Emergency #: (616) 103-0262