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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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Also, for those who have critiqued the wisdom of taking a very large bale of pesos and converting them to "worthless self-devaluing trinkets".
I can sell in La Paz, in minutes a 300 dollar brand new laptop for 500 dollars. A hundred fifty dollar 26" flat screen TV for 300 dollars. Oh, that's
right, all the expats want a laptop with a español operating system, a TV with español controles. No it isn't legal. And no it isn't MORAL for some
rich Mexican to sell a hundred dollar product for four hundred dollars either. I crossed swords with Costco Mexico about this. Their answer? The
"final" freakin' excuse? "Well this isn't the United States". This was not Costco USA, it was Costco Mexico.
And yeah, we did the Aduana jig, and the IVA jag.
Folks in the USA who are or who want to become wealthy are adopting all the bad habits of Mexico's worthless wealthy class. The one's who exploit
their workers, you know the type, they pull up to the office in a brand new 700 series BMW, exit with Rolex and gold chains clanking, and tell their
loyal workers why it is necessary for them to starve or "hit the road".
If Mexico's wealthy would believe in their "patria" they wouldn't send hundreds of billions of pesos abroad and pour white gas on a smoldering
campfire. It makes peso weakening 1000% worse.
It's no better in the USA, either. Speculators have NO ETHICS when such speculation gets out of control, for basic commodities, the foundation of life
and causes the poor to become poorer. Dammit! I" said GETS OUT OF CONTROL! Not stopping reasonable and ethical speculation!
Do you know that A FUNDAMENTAL TEACHING OF AL QAEDA is the immorality of out of control speculation in commodities? Because of the GREED, the
PIGGISHNESS of a few, a terror group has VALID and TRUE ammunition to use when recruiting idiot zealots willing to die.
Now let's hear it! Let people who cannot read English misinterpret what I just wrote or expose themselves as someone who is willing to trod on the
graves of the poor!
A Lot To See And A Lot To Do
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KurtG
Super Nomad
Posts: 1211
Registered: 1-27-2004
Location: California Central Coast
Member Is Offline
Mood: Press On Regardless!!
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| Quote: | Originally posted by Barry A.
Depending on Skeet's personal position vis-a-vis his "source's" position, what he did probably does not qualify as prosecutable "insider trading".
All really successful investors rely on our "sources" of info, coupled with analytical skills and experience------without "info" it's largely a
Casino. Good educated guesses make for good investing.
Barry |
You are , of course, correct. I was simply pointing out that Skeet presents himself as a moral man with Christian ethics that are superior to those
of us who do not share his religion or who take issue with his views. I don't like sanctimonious hypocrites who lecture the rest of us but relax
their standards when personal profit is involved. But that's just me, I could be wrong.
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Skeet/Loreto
Ultra Nomad
Posts: 4709
Registered: 9-2-2003
Member Is Offline
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The United States of America is not going to Fail. Cannot you Nuts see that we are just having some "Corrections"' mostly caused by the very inept
Blame Generation and a Bunch of Commies types who do not want to work for their Food!!!
Two Generations of Parents{if you want to call them as such} failed to raise their children with and Respect ,Honor, Caring, Kindness, fighting
Ablilty, Comman Sense and other everyday living Morals.
Those two Generations grew up being taugh by the Factless TV and Hollywood Butt Holes
They are convinced that anyone who makes money should share it with them without them puttin out any effort to Produce on their Own.
Have Faith, the Religious Bunch in this Country will make the chance to go Forward and start Teaching Morals once again.
Spoiled Blame Generation!!! Poop heads!!!!.
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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You're not wrong Kurt.
For a view of what a hundred million dollars in currency reserves, just bought the Mexican Peso, go to XE.com
Under Change Currency: Enter MXN
Look for new MXN list at lower left corner of list of currencies (look for Mex flag insignia)
Mouse click "Inv" just under 13.49 (or whatever it happens to be at the moment)
Remember this is for early afternoon 05/09/12...
and see what happened several hours ago,
A Lot To See And A Lot To Do
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
Member Is Offline
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| Quote: | Originally posted by Skeet/Loreto
The United States of America is not going to Fail. Cannot you Nuts see that we are just having some "Corrections"' mostly caused by the very inept
Blame Generation and a Bunch of Commies types who do not want to work for their Food!!!
Two Generations of Parents{if you want to call them as such} failed to raise their children with and Respect ,Honor, Caring, Kindness, fighting
Ablilty, Comman Sense and other everyday living Morals.
Those two Generations grew up being taugh by the Factless TV and Hollywood Butt Holes
They are convinced that anyone who makes money should share it with them without them puttin out any effort to Produce on their Own.
Have Faith, the Religious Bunch in this Country will make the chance to go Forward and start Teaching Morals once again.
Spoiled Blame Generation!!! Poop heads!!!!. |
Skeet, you are ignorant if you think one must be religious to teach morals.
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Skeet/Loreto
Ultra Nomad
Posts: 4709
Registered: 9-2-2003
Member Is Offline
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Bajaboy]
Sorry I did not mean to indicate such.
Morals are generally taught by People who have the Morals.
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Skeet/Loreto
Ultra Nomad
Posts: 4709
Registered: 9-2-2003
Member Is Offline
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Except in the past couple of Generations a Great Number of College Students have been taugh by a Non=Moralist bunch of Left Wing Nut College profs.
who have never been out in the World!!!
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
Member Is Offline
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| Quote: | Originally posted by Skeet/Loreto
Except in the past couple of Generations a Great Number of College Students have been taugh by a Non=Moralist bunch of Left Wing Nut College profs.
who have never been out in the World!!! |
I could site a number of right wing nut jobs who fail to have morals as well. But I do agree that society, in general, seems to have lost touch with
morality.
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1bobo
Nomad
Posts: 116
Registered: 2-5-2010
Location: Mulege
Member Is Offline
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| Quote: | Originally posted by KurtG
| Quote: | Originally posted by Skeet/Loreto
David E: There are ways to make some money if this Peso goes to 4,000 to one in the next couple of years.
Last time around I made $40,000 playing the Game. I had a very good connection which would call and let me know when the Govt. was getting ready to
devalue. You must be able to havethat connection to have time to change the Peso to dollars and back to pesos.
Be careful |
Skeet,
You constantly represent yourself as a man of high moral character and berate other members of society who don't meet your high standard but you have
just admitted to participating in corrupt insider trading . Double standard when its profitable? |
Unless you are printing your own, currency speculation is a zero sum game. That is, in order to "go short" someone else has to "go long". It's
always a gamble like any other gambling game. If my dealer friend shoots me cards from the bottom of the deck, I'll win at the expense of the other
player(s). According to Skeet, that's not cheating because I didn't tip the dealer. If I know (from inside info) that the Peso will be devalued soon,
I'll borrow a bunch of Pesos from a friend, buy dollars, and pay him back in Pesos after the devaluation. Just made $40,000. Sweet deal.
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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Hey Skeet :-)
"Your gasoline just went to fifty bucks a gallon and you'd better be carrying a wad of cash to buy a loaf of bread". Are you saying this is democracy
in action?
You think there are LIMITS some form of ceiling for GREED? Every woman should own thousands of pairs of shoes like Imelda Marcos? Sheiks have every
damned right to fly I SAID FLY their new Rolls Royces from Bahrain to England have them serviced?
It is a RIGHT to have geneticists clamoring over making basic seed genetically impossible to yield seed stock from crops? Genetically engineered to
render STERILE any competing crop foliage? Forcing farmers in the end to purchase products from them?
It is a RIGHT for Archer Daniels Midland to try and sell corn syrup to Mexican soft drink bottlers at ONE THIRD the price they charge US bottlers?
Their plan was to bankrupt Mexican sugar production and then raise prices five-fold.
These are HUNT BROTHERS MORALS. I'll bet anything I could bankrupt you inside a year if I was given free reign inside the states. But alas, I don't
have "The Right Stuff" thanks to an HMO in 1991 that refused to pay a bill nearing six hundred thousand dollars for city of hope, because I was forced
to move to California. I couldn't do it anyway. I don't have the heart to destroy human life.
But neither do I have Mexican stoicism to just grit my teeth and take it when greedy people are socking it to me. I shall continue to scream.
Want a laugh? Look what Ronald Wilson Reagan did when he ordered The Bureau of The Budget to disconnect calculations of inflation from key FUNDAMENTAL
cost of living indexes. And, at heart I am a conservative. But I am not a maggot/leech conservative.
A Lot To See And A Lot To Do
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thebajarunner
Ultra Nomad
Posts: 3752
Registered: 9-8-2003
Location: Arizona....."Free at last from crumbling Cali
Member Is Offline
Mood: muy amable
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Calling Skeet- back to the "secret recipe"
I was still hoping that Skeet could enlighten us on strategies to profit from currency fluctuations by well timed swaps of dollars and pesos.
Nothing I have heard, thus far, has shed much light on this very intriguing and profitable subject,
hey, I just want my share of the gravy slopped onto the table.
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Bajafun777
Super Nomad
Posts: 1103
Registered: 9-13-2006
Location: Rosarito & California
Member Is Offline
Mood: Enjoying Life with Wife In Mexico, Easy on The Easy
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It appears Skeet has everyone in an uproar attacking what he wrote. Just remember that Skeet has lived in tough times, as did his parents who were
part of the depression. He was raised on tough times and maybe he does not phrase everything in a manner that we all like. However, he is trying to
express his disgust and worry over how things are happening in the U.S.A. and Mexico. Heck, I don't know maybe you can't teach an old dog new tricks
but I tend to thing many of us have some old dog in us.LOL
Mexico does not need another pesos problem but it seems like every time a President leaves office the Treasury is flipped upside down. Hopefully,
that is not the case this time but who really knows what goes on behind closed doors. LOL
Skeet has some merits in trying to say too many people in the U.S.A. think they are entitled to others monies because they have no job nor any
marketable skills to get a job. The job situation is bleak right now but this has not always been the case in the U.S.A. I do not mind giving a
"Hand UP" but object to a generation after generation in families of "Hand OUTS." I have tried to help people now and in the past get jobs but it was
disappointing when they start saying the pay was too low or they did not like the hours of work. Come on, so it is better to take "Hand Outs" than
work for your own needs? This has been and still is the problem in the U.S.A.
Mexico has no Public Assistance System like the U.S.A., which pays so well there is no need to work or get a job. In Mexico you better find something
to do to get money even if it is begging, as nobody is going to come to where you are to give it to you. In the U.S.A. we have to over come this or
we will find ourselves fighting those that think we have to carry their load forever.
My heart does go out to those that have a loss their jobs due to outsourcing of American jobs to China, India and other Asian Countries. Our
Presidents and Congress have let all of our citizens down.
Bottom line, I hope Mexico's pesos does not take another nose dive like in the past and I hope the U.S.A. gets its financial affairs in order. I
lost hard earned money in the stock market when it dumped here in the U.S.A., which I was planning to use during my retirement. I know probably a lot
of others on this board probably experienced some of the same. Tough moving monies out of a landslide drop in the stock market and since then started
managing my own monies not depending on investment firms. This is a depressing topic and I hope we all make it through these tough times in the
U.S.A. and Mexico. Take Care & Travel Safe-----"No Hurry, No Worry, Just FUN" bajafun777
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thebajarunner
Ultra Nomad
Posts: 3752
Registered: 9-8-2003
Location: Arizona....."Free at last from crumbling Cali
Member Is Offline
Mood: muy amable
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Still waiting to hear how the scheme works.
| Quote: | Originally posted by Bajafun777
It appears Skeet has everyone in an uproar attacking what he wrote. Just remember that Skeet has lived in tough times, as did his parents who were
part of the depression. He was raised on tough times and maybe he does not phrase everything in a manner that we all like. However, he is trying to
express his disgust and worry over how things are happening in the U.S.A. and Mexico. Heck, I don't know maybe you can't teach an old dog new tricks
but I tend to thing many of us have some old dog in us.LOL
Sorry sir, I have not attacked anyone, nor am I in an uproar.
I just want to know how you can make $40k in trading pesos and dollars.
And, I need no soliloquies on macro-global-econ.
Had enough of that in school. |
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Bajafun777
Super Nomad
Posts: 1103
Registered: 9-13-2006
Location: Rosarito & California
Member Is Offline
Mood: Enjoying Life with Wife In Mexico, Easy on The Easy
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LOL, bajarunner: I don't know if Skeet did or didn't make 40K in trading pesos and dollars. However, anyone can invest monies at the right time
creating such earnings but that is not the norm. Many have also lost that much money and if he used an experienced investor's recommendation he may
not know the actual ins and outs. Either way what is the big deal, you don't believe it nor do others so that being said no need to know the
information.
Most of us that have been on this board over the years know and accept Skeet as someone with different memories and feeling in Mexico and out. No
need to try and push something out of him, as it appears he does not intend to answer anymore than he already has. Hope we all get some understanding
when we get older and the world just seems to go spinning by in so many different ways. You never know another's person's breaking point or lonely
situations that may lead to health issues that nobody wants anyone to have. His choice of how he writes things are not always the best, so let's agree
on that while moving on.
Hopefully, I did not get you upset. I am just trying to maybe slow this down before the beat down gets too far out there. I have seen where some of
these posts go regarding Skeet and really just would prefer it didn't. Tell you what if we ever meet up in Baja I will buy you a couple of cold ones
and tell you how you can lose $20,000 when the Dow stock market goes from 13,000 down to 8500. This can make a baby cry and others too,LOL. Take
Care & Travel Safe---"No Hurry, No Worry, Just FUN"
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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The ballad of "Smiling During Hard Times"* should be taught to every American who thinks the world owes them a living. Unfortunately it may not be
understood because it is sung in Mexican Spanish.
*Fictitious of course but oh so true
Ex-pats, please walk a bit in los huaraches of hard working poor household help. I know most expatriates do this anyway, but when their living
standard goes from peor a tan horible, bring something to brighten their day. For instance a fifteen dollar package of those microfiber towelettes
from Costco USA can be divided into roughly seven portions and each portion would cost the eqvt. of TEN US DOLLARS here in Mexico. Men and women love
them and treasure them. To a poor person even a single towel ($3 here) is considered to be wonderful. Yes a single towel costs more, each, than in a
package of 4 or so).
Genuine GE (9-watt) daylight compact fluorescent lamps emit more light than a 20 watt Chinese reject that would be laughed at in the USA before it
goes up in smoke.
I paid SEVENTY DOLLARS in Mulege at Casa Yee last year for an orlon blanket. A sixteen dollar Wal-Mart comforter would be larger and warmer. This
would make a bulky but excellent gift. So would a quality air circulation fan, but because of CFE it should be something small. I cannot decide which
holds the record of the laughably worst electrical products on the planet: Mexican electrodomesticos or British automobile electricals.
A Lot To See And A Lot To Do
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Cisco
Ultra Nomad
Posts: 4196
Registered: 12-30-2010
Member Is Offline
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| Quote: | Originally posted by DavidE
You're not wrong Kurt.
For a view of what a hundred million dollars in currency reserves, just bought the Mexican Peso, go to XE.com
Under Change Currency: Enter MXN
Look for new MXN list at lower left corner of list of currencies (look for Mex flag insignia)
Mouse click "Inv" just under 13.49 (or whatever it happens to be at the moment)
Remember this is for early afternoon 05/09/12...
and see what happened several hours ago, |
13.5118 at 7:31 P.M. Pacific time at http://www.x-rates.com/d/MXN/table.html
Graph since Dec. http://www.x-rates.com/d/MXN/USD/graph120.html
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Cisco
Ultra Nomad
Posts: 4196
Registered: 12-30-2010
Member Is Offline
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| Quote: | Originally posted by DavidE
Also, for those who have critiqued the wisdom of taking a very large bale of pesos and converting them to "worthless self-devaluing trinkets".
I can sell in La Paz, in minutes a 300 dollar brand new laptop for 500 dollars. A hundred fifty dollar 26" flat screen TV for 300 dollars. Oh, that's
right, all the expats want a laptop with a español operating system, a TV with español controles. No it isn't legal. And no it isn't MORAL for some
rich Mexican to sell a hundred dollar product for four hundred dollars either. I crossed swords with Costco Mexico about this. Their answer? The
"final" freakin' excuse? "Well this isn't the United States". This was not Costco USA, it was Costco Mexico.
And yeah, we did the Aduana jig, and the IVA jag.
Folks in the USA who are or who want to become wealthy are adopting all the bad habits of Mexico's worthless wealthy class. The one's who exploit
their workers, you know the type, they pull up to the office in a brand new 700 series BMW, exit with Rolex and gold chains clanking, and tell their
loyal workers why it is necessary for them to starve or "hit the road".
If Mexico's wealthy would believe in their "patria" they wouldn't send hundreds of billions of pesos abroad and pour white gas on a smoldering
campfire. It makes peso weakening 1000% worse.
It's no better in the USA, either. Speculators have NO ETHICS when such speculation gets out of control, for basic commodities, the foundation of life
and causes the poor to become poorer. Dammit! I" said GETS OUT OF CONTROL! Not stopping reasonable and ethical speculation!
Do you know that A FUNDAMENTAL TEACHING OF AL QAEDA is the immorality of out of control speculation in commodities? Because of the GREED, the
PIGGISHNESS of a few, a terror group has VALID and TRUE ammunition to use when recruiting idiot zealots willing to die.
Now let's hear it! Let people who cannot read English misinterpret what I just wrote or expose themselves as someone who is willing to trod on the
graves of the poor! |
"The few own the many because they possess the means of livelihood of all ... The country is governed for the richest, for the corporations, the
bankers, the land speculators, and for the exploiters of labor. The majority of mankind are working people. So long as their fair demands—the
ownership and control of their livelihoods—are set at naught, we can have neither men's rights nor women's rights. The majority of mankind is ground
down by industrial oppression in order that the small remnant may live in ease."
—Helen Keller, 1911
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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I tried! I really, really tried!
But I went to the PESO FUTURES SITE. I should not have. I laughed so hard after reading the bottom cut & paste that I cannot stand it --- my side
hurts like it was hit with a baseball bat.
++++++++++++++++++++++++++++++++++++++++++++++++++++
"Early losses Wednesday carried the exchange rate as far as MXN13.5625, just shy of the MXN13.6041 level that could have triggered dollar sales by the
Bank of Mexico. The central bank auctions up to $400 million a day at a minimum price 2% above the previous session's "fix" rate, which is set each
day based on spot rates.
The dollar-sale mechanism was activated in late November because of strong external volatility affecting the peso, but hasn't yet generated any dollar
sales. The Bank of Mexico has been accumulating foreign reserves as a buffer against financial market shocks, and currently holds more than $154
billion in reserves."
++++++++++++++++++++++++++++++++++++++++++++++++++
A hundred and fifty four billion dollars in cash, not just any cash but in dollars. Mexico? Politicians? 154 BILLION DOLLARS just sitting there? I'd
better go read the Silmarillion before my heart gives out from utter hysterical laughter.
++++++++++++++++++++++++++++++++++++++++++++++++++
A Lot To See And A Lot To Do
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Cisco
Ultra Nomad
Posts: 4196
Registered: 12-30-2010
Member Is Offline
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| Quote: | Originally posted by DavidE
I tried! I really, really tried!
But I went to the PESO FUTURES SITE. I should not have. I laughed so hard after reading the bottom cut & paste that I cannot stand it --- my side
hurts like it was hit with a baseball bat.
++++++++++++++++++++++++++++++++++++++++++++++++++++
"Early losses Wednesday carried the exchange rate as far as MXN13.5625, just shy of the MXN13.6041 level that could have triggered dollar sales by the
Bank of Mexico. The central bank auctions up to $400 million a day at a minimum price 2% above the previous session's "fix" rate, which is set each
day based on spot rates.
The dollar-sale mechanism was activated in late November because of strong external volatility affecting the peso, but hasn't yet generated any dollar
sales. The Bank of Mexico has been accumulating foreign reserves as a buffer against financial market shocks, and currently holds more than $154
billion in reserves."
++++++++++++++++++++++++++++++++++++++++++++++++++
A hundred and fifty four billion dollars in cash, not just any cash but in dollars. Mexico? Politicians? 154 BILLION DOLLARS just sitting there? I'd
better go read the Silmarillion before my heart gives out from utter hysterical laughter.
++++++++++++++++++++++++++++++++++++++++++++++++++ |
Hang in there Guy.
Your rational perspectives regarding humanity and the money market are highly sought and needed during these times.
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Skeet/Loreto
Ultra Nomad
Posts: 4709
Registered: 9-2-2003
Member Is Offline
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David E , Cisco and others:
First you must understand that this Situtaion was a once only Deal. Most all of the Banks in Baja that I knew of were offerring very high Interest
rates on any Dollar account.
Since many do not understand I will try to explain How I made the Money.
I borrowed $4,000 dollars from my Mother and invested in a Dollar Account at a Bank in TJ . I ended up with my last account at BankComer Villa
Constitution.
1st account Invested $,3,000. peso was 8 to the Dollar ----32,000 PESOs
Interest at $48%
My connection called and I with drew my Dollars and Interest $32,000 x 48 % --15,360
Waited until the Delvalue had settled at 12 to 1 and reinvested Same amount of Dollars this time at 51%.
I did this for over a year with a Bank in La Paz and the One in Constitution,'
At the end of the Devaluation I had about $40,000 with the last Note paying 148% interest.
The banks in Baja are still paying very good interest on the 28 Day Notes and are charging some of their customers as much as 100% for opening a new
Business.
I doubt that it will be the same this time but I am watching close just as i am watching close to what I can get Fadcebook for !!
Skeet
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