| Pages:
1
2
3
4 |
oldlady
Banned
Posts: 1714
Registered: 10-31-2005
Location: BCS
Member Is Offline
|
|
I sure find it interesting that anyone who cares/enjoys/loves Mexico, even as a part-timer or visitor, relishes a devaluation of its currency. Maybe
greed was redefined and I missed the memo.
I don't know what economic collapse means. I do know that devaluation, globally, at some degree or another is a concern by some economists.
The currencies of commodity based countries fell hard this past week. Mexico, Canada, the Aussie hit lows not seen in a long time, moving more than
the peso. Metals and oil prices were down. That may be nice when you fill your gas tank, but not real good for Mexico. When a company or country
has to sell its product for less it's not a good thing. That's devaluation and it hurts.
"Why" is debateable, take it as a signal or not. But I sure don't support ridiculing gnukid for sharing an observation, however it was derived, with
well meaning intent.
|
|
|
Hook
Elite Nomad
Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
|
|
If the central banks really do control everything (as the New World Order worrywarts postulate), for the life of me, why would they want to see the
world thrown into utter economic chaos? These people are rich beyond belief already; why create a whole host of problems on a global scale that will
simply reduce the flow of money between countries and foster anarchy? They are well invested; it would hurt their investments, too.
Call me an inveterate optimist, but I think the NWO is all about simply controlling people for the GOOD of humanity, not to gloat over the anguish
they can produce. By controlling economies on a worldwide scale, they reduce the possibilities of Hitlerian type dictators re-emerging and also make
it much harder for religious zealots to finance their schemes.
Yeah, it is social engineering on a global scale and will mean less freedom going forward. But it is a Brave New World out there, where truly evil
ideas can move faster than ever.
My prediction is that, with the control the central banks now possess, currencies will continue to slowly drift towards stasis as the NWO folks create
large groupings that reduce nationalistic differences. North America, Asia, Europe, etc. Currencies worth more will be reduced towards currencies
worth less within these geographic regions.
The differences we enjoy between the cultures and the laws (or lack, thereof) of different countries will probably be a bittersweet memory in 20-30
years.
I have often looked back at descriptions of the incredible freedom at the beginning of the 20th Century with longing. Unfortunately, the evils of the
middle part of that century took care of most of that. We cant let that happen again.
However, I cant argue with Gnukid's counsel to reduce debt and reduce consumerism on a personal scale. Many of us were already taught these lessons by
our parents and grandparents who lived through the Great Depression.
Some of us just seemed to have forgotten those lessons in the pursuit of the shiny objects.
|
|
|
Donjulio
Nomad
Posts: 376
Registered: 5-19-2009
Member Is Offline
|
|
| Quote: | Originally posted by bajabass
What is your basis for the "smell". I am ready to buy a house or lot in Baja soon. Timing could save thousands, if not tens of thousands of dollars!!
|
I would recommend waiting at least another year or two. Prices have not hit bottom and have a ways to go. Just my opinion.
|
|
|
toneart
Ultra Nomad
Posts: 4901
Registered: 7-23-2006
Member Is Offline
Mood: Skeptical
|
|
| Quote: | Originally posted by Woooosh
| Quote: | Originally posted by mtgoat666
| Quote: | Originally posted by toneart
Gnukid is a visionary. He also see the big picture and is not afraid to gaze into the future instead of being stuck in an old paradigm. The old
paradigm is NOT working and all indications are for a total economic collapse. We are there now. It is only the corporate media that is keeping it
propped up, and thus prolonging the fall.
Most of you will get caught by complacency. Make your defensive plans now, if you can.
|
i assume you are telling us that stock market wealth will evaporate, real estate holdings will devalue to zilch, and the only security net is to buy
guns/ammo, learn a trade that has value after armageddon, and live on a self-sufficient farm or commune.
perhaps i got to get some of what you two are smoking!
[Edited on 5-21-2010 by mtgoat666] |
and you only have until December 21, 2012 to do it all... 
[Edited on 5-21-2010 by Woooosh] |
I have a date for that particular day. It will be a lurid adventure. Let's just say we are going to leave this planet with a bang! 
|
|
|
Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline
Mood: Full Time Residents
|
|
for us simpletons...
December 21, 2012: Judgment Day
Science can neither confirm nor discredit the validity of many religiously or prophetically deemed judgment days of the future
the soonest will be arriving December 21, 2012, the final day of the Mayan Calendar
|
|
|
oldlady
Banned
Posts: 1714
Registered: 10-31-2005
Location: BCS
Member Is Offline
|
|
Guess I won't be needing my stock pile of incandescent bulbs.
|
|
|
Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
Member Is Offline
|
|
| Quote: | Originally posted by Cypress
Bajahowodd, You're not an economist? Who would have guessed? The Mexican economy is an example of a powerhouse? Good God in heaven! The average income
is well below poverty. The Dollar vrs. Peso is like a pit bull vrs. a chihauhau.
|
Maybe you ought to read what I wrote. I never called Mexico an economic powerhouse. I merely stated that a falling peso could stimulate their exports.
That said, Mexico is really not an economic wimp. They rank 13th in the world. Any measure of poverty is a domestic issue. They have plenty of money.
It's just not distributed in a fashion that would eliminate or decrease poverty. Good thing there's no poverty in the US.
|
|
|
comitan
Ultra Nomad
Posts: 4177
Registered: 3-27-2004
Location: La Paz
Member Is Offline
Mood: mellow
|
|
History tells us that devaluations follow with the changing of the president.
Strive For The Ideal, But Deal With What\'s Real.
Every day is a new day, better than the day before.(from some song)
Lord, Keep your arm around my shoulder and your hand over my mouth.
“The sincere pursuit of truth requires you to entertain the possibility that everything you believe to be true may in fact be false”
|
|
|
MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
Member Is Offline
|
|
The amount of regulation necessary in a society is directly proportional to the quantity and diversity of people within a given sovereinty and the
average amount of space per person in a given group location.
Also, the distinction between religion and superstition is often blurry.
What the human race really needs is a system of necessary incentives and just (fair and equitable) compensation in an educated democratic society of
ever vigilant voters.
Naah, never gonna happen in my lifetime.
[Edited on 5-22-2010 by MitchMan]
|
|
|
lookingandbuying
Nomad
Posts: 102
Registered: 3-15-2010
Member Is Offline
|
|
Devaluation
This thread has devalued!!
|
|
|
Cypress
Elite Nomad
Posts: 7641
Registered: 3-12-2006
Location: on the bayou
Member Is Offline
Mood: undecided
|
|
MitchMan, You're a skilled verbalist! Appreciate your contribution and looking forward to more.
|
|
|
irenemm
Senior Nomad
Posts: 623
Registered: 7-16-2009
Location: vicente guerrero, baja
Member Is Offline
Mood: relaxed
|
|
A devaluation would be very bad for Mexico and the Business here. For the people who have there money from the States that is fine. But for us who
work and earn our money in Mexico for it to devalue by almost 50%. The food in the baja goes up by that amount and more. Much of the food products
come from the United States and Canada. I know because that is what Our distributor's bring us. All that food products will be so costly and we can
not pass that cost on to just the gringos, just because you have dollars and you can buys more pesos. The Mexican does not have dollars to by the
devalued peso. His pay will stay the same for a very long time. Yes people will adjust but it will take a very long time for that to happen.
For you that think it is not a big deal or it is a great deal for you, your wrong. It will hurt the people that you know and have befriended.
It will not be good for anyone.
Irene
|
|
|
woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
Member Is Offline
Mood: Everchangin'
|
|
Hook said.....
| Quote: |
However, I cant argue with Gnukid's counsel to reduce debt and reduce consumerism on a personal scale. Many of us were already taught these lessons by
our parents and grandparents who lived through the Great Depression. Some of us just seemed to have forgotten those lessons in the pursuit of the
shiny objects.
|
and here i am buying our first home NOB. i got a little bit of a later start growing up, but then so did Peter Pan!!! no one knows the future but i
sure as hell hope the euro keeps crashing before i lock in my rates.
as for those who have already retired, your situation is VASTLY different than us youngsters so there is not much sense in prognosticating on things.
you are only guessing.
i am still hoping!
|
|
|
k-rico
Super Nomad
Posts: 2079
Registered: 7-10-2008
Location: Playas de Tijuana
Member Is Offline
|
|
Congrats on the new home, that's exciting. Glad to hear about people buying. That's good for all, even the old folks.
But don't hope for any currency to crash, hope for stability.
[Edited on 5-23-2010 by k-rico]
|
|
|
Nan&D
Nomad
Posts: 137
Registered: 2-28-2010
Location: Bahia Asuncion
Member Is Offline
|
|
thanks for the reality check irenenm
|
|
|
irenemm
Senior Nomad
Posts: 623
Registered: 7-16-2009
Location: vicente guerrero, baja
Member Is Offline
Mood: relaxed
|
|
Nan
Your welcome
Went to your web page. Very nice. Hope you will stop by sometime and see the Muriel painted in our banquet room. They are so beautiful you as an
artist will truly love them.
We will tell you all about them if you stop by. you can see some of it on our wed page.
enjoy
|
|
|
wornout
Senior Nomad
Posts: 595
Registered: 10-24-2004
Location: San Felipe, Baja California
Member Is Offline
Mood: No Bad Days
|
|
| Quote: | Originally posted by woody in ob
Hook said.....
| Quote: |
However, I cant argue with Gnukid's counsel to reduce debt and reduce consumerism on a personal scale. Many of us were already taught these lessons by
our parents and grandparents who lived through the Great Depression. Some of us just seemed to have forgotten those lessons in the pursuit of the
shiny objects.
|
and here i am buying our first home NOB. i got a little bit of a later start growing up, but then so did Peter Pan!!! n |
Congratulations on your home. I took my money out of the stock market in 1998 and invested in Mexican Housing. Yep, built a strawbale home in San
Felipe and have been here ever since. The interest? Well, let me tell you about the interest. No house payments for 12 years, now that is some
interest. Oh yea, I still have my original investment and I can't say that about the money I had in Enron :-(
This Space Available, E-Mail Me If Interested.
|
|
|
Mexicorn
Senior Nomad
Posts: 772
Registered: 9-15-2009
Member Is Offline
|
|
It will be 14 to one by weeks end.
|
|
|
Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
Member Is Offline
Mood: Luminescent Waves at Rosarito Beach
|
|
The peso has been down more than 20% for a long while (12:1 or more) and not only is the sky not falling- no one but us has noticed. More will take
notice at 30% and 40% and China won't be happy with tech-export price competition. Oh well- for the rest of us it'll be a good time to change those
coffee cans of US coins into pesos to keep the bar stocked.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
|
|
|
woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
Member Is Offline
Mood: Everchangin'
|
|
| Quote: | Originally posted by k-rico
Congrats on the new home, that's exciting. Glad to hear about people buying. That's good for all, even the old folks.
But don't hope for any currency to crash, hope for stability.
[Edited on 5-23-2010 by k-rico] |
my greedy plans include (if the world doesn't end in 2012 ) in 10 years
taking out $40k in equity. buying two more homes to rent out. 10 more years later selling one (or both) to pay off my primary home and retiring down
south with a fistful o' dollars.
it's good to have a plan!
as for the euro, they all despise the dollar (and the u.s.) so it is refreshing to hear them b-tch about how it is america's fault that greece needs a
bailout. F'em!!! their pain means my interest rates are falling. nobody cared when the dollar was falling like a rock.....
|
|
|
| Pages:
1
2
3
4 |
![[*]](images/xmbforum/default_icon.gif){kind=icon}
