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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
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Mood: Everchangin'
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Mexico still has the social glue of Catholicism.
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so all those altar boys gotta be smiling...
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Hook
Elite Nomad
Posts: 9010
Registered: 3-13-2004
Location: Sonora
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Mood: Inquisitive
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Jesse, please let us in on the "joke".
It may not end up as anarchy, but it could certainly end up as martial law for a prolonged period. Neither is a scenario I want to live through down
here.
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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The current drop in the peso is strickly the result of currency speculators. It's all about hedging. Nothing substantial has happened in the Mexican
economy to have caused such a drop. Similarly, when the peso was at 9.5 last year, just think about it. Why would it be 14-1 eight months later. World
currency is in the casino known as Wall Street, and is traded just like it was in a Vegas casino. It's the same bastards that drove the price of oil
up to $146 a barrel. All about making their own personal fortune.
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Bajafun777
Super Nomad
Posts: 1103
Registered: 9-13-2006
Location: Rosarito & California
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Mood: Enjoying Life with Wife In Mexico, Easy on The Easy
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Good points and some going in the right direction to what our economy is doing. Our ability to pump money into banking, auto companies, extending
unemployment benefits, the housing foreclosure families support monies and public works project will help. The loans to banks and auto industry was
something that did not sit well with many of us but if we did not do it our economy would have kept spinnning downward. It is totally wrong that
these individuals driving the "Bear" market and buying up businesses knowing damn well they were solid companies that can be downsized and brought
right back up. The damn tighting of banking money credit lines killed these businesses abilities to keep their stock and employees moving in the
right direction and down the tubes we went. Yea, let's trust these slimy bankers that ran interest rates up to almost 30% on people because of some
fabricated ratio they used claiming it gave them the right to do so. Oh, let's us not forget the overhauling of the bankrupcy laws that these greedy
rich B_____s were pushing through on Joe SixPack just trying to make a living and have a few things to enjoy with his family. Loan sharking but since
they were bankers in suits and paying off Bush's group of idiots it was OK!! Damn mess because they screamed about government regulators watching
over them and Yes the Democrats went right along with it, as they too are corrupt thugs wanting to stuff their pockets like that creep in Chicago. I
long for a third party canidate to see where it goes. I hope that the incoming President can get everybody moving in a direction that rebuilds our
manufacturing plants, retrains our workers, get on with developing new alternative fuels and cars, trucks, etc, that are also more fuel efficient.
T.J. Boone may or may not be out for himself but he is right that natural gas is something we have plenty of and let the Arabs at some point eat their
damn sand!!! They hate our guts anyway. Mexico has never extended a lot of money to anyone on loans you had to have most of the monies you needed
to even get them to step up to the plate. Mexico is definately our problem too, as we cannot let it sink because our borders would really be
over-run. I do not want to see our Armies having to start getting super aggressive to stop a rush into this Country. Like most of you my retirement
dollars I had in my retirement fund accounts have been "rode hard and definately put away wet" with about 30% lost in value right as I am getting
ready to retire. Ah, what the hell I still have the units and buying more units at a cheaper price just need to ride the storm. Hang in there and
like the "DoomSayers," we really do not know what will happen but I think this will take about 3 years to even start to stablize. The stock market
during this time period will just go up and down but not to such a degree it is right now if the indicators hold as they are doing now to some degree.
We do not need another War during this time. We need to put money into Public Works and get this Country running on all of it cylinders, right???
Take care and if your not watching the news it appears that all of the Countries crime is up. Nobody wants to see their young ones or their loved
ones strave, sleep on streets, etc. So, lets hope that those that are unemployed it will not be for a long time, as desperation sinks in and that
causes nothing but bad things for everybody. I have HOPE in the United States and I have the desire to help do whatever it takes to help get it
moving again, as I know all of you want to do also. I really need a South of the Border Fun Time soon. Take care, bajafun777
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fishbuck
Banned
Posts: 5318
Registered: 8-31-2006
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Sudden Collapse? I doubt anything will happen in a sudden in Mexico.
But if it did how would it effect Baja anyway?
So you are camping or at a hotel. What do you think will happen?
Maybe you own a home there. What will happen if there is a collapse.
Here is my guess.
Nothing will change!
"A ship in harbor is safe, but that is not what ships are built for." J. A. Shedd.
A clever person solves a problem. A wise person avoids it. – Albert Einstein
"Life's a Beach... and then you Fly!" Fishbuck
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The Gull
Super Nomad
Posts: 2223
Registered: 8-28-2003
Location: Rancho Descanso, BCN
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Mood: High
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How many US states could be made out of Mexico?
Just think...no more border waits, no more fideocomisos...
are there other advantages??
�I won\'t insult your intelligence by suggesting that you really believe what you just said.� William F. Buckley, Jr.
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TMW
Select Nomad
Posts: 10659
Registered: 9-1-2003
Location: Bakersfield, CA
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I just need two states actually territories, Baja and Baja Sur with me in charge.
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robrt8
Junior Nomad
Posts: 67
Registered: 12-14-2007
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| Quote: | Originally posted by BajaGringo
But no matter how competitive the travel industry is, if folks don't feel safe to come what good is it??? |
Before the drop, tourism to Mexico had increased by 5% in spite of the narco stories. I don't know of any stats since then.
The peso looks like it's holding well at its current rate. Mexico is in a far better financial position than it was in the mid-90's. I'd love to see
13-14/dollar hold. Good for me.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by robrt8
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The peso looks like it's holding well at its current rate. |
http://finance.yahoo.com/q/bc?s=USDMXN=X&t=5d&l=on&a...
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by The Gull
How many US states could be made out of Mexico?
Just think...no more border waits, no more fideocomisos...
are there other advantages?? |
Now wait a minute Gull. If everybody between Central America and Canada is a U.S. citizen, who's gonna wear all those leaf blowers?
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
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Mood: Luminescent Waves at Rosarito Beach
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| Quote: | Originally posted by Paulclark
Is the peso getting weaker or is the USA dollar getting stronger against all world currencies? Look at the Canadian dollar -- It has dropped
substantially -- and the Euro? Have any Mexican banks failed or in danger of failing like multiple US banks have or are the banking regulation
realistic and conducive to a strong banking system? -- food for thought. |
When one currency gets strong another gets weak. It has too- the same amount of money is just changing forms. They get strong or weak depending on the
coutries ability to function in the world eeconomy and produce a return on that investment. The return can or cannot be speculative as well though.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
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Mood: Luminescent Waves at Rosarito Beach
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| Quote: | Originally posted by robrt8
Big problems with your speculation, Mr Wooosh.
A lower peso makes Mexico's products equally more competitive.
The travel industry, a huge employer, becomes more competitive.
And don't say people aren't traveling to Mexico, because they are. Just maybe not your neck of the wooooods. |
In yesterdays economy some of that is very true but not in todays...
"A lower peso makes Mexico's products equally more competitive. " Only when they are producing (assembling) things. When there is no demand there is
no need for supply or thecost of maintaining inventory. Mexico is an "assembly plant" not an entreprenuer. When the world needs products, companies
come to Mexico to build the factories they need staffed with cheap labor. But what happens when demand falls? No need for the high output and that's
what we are seeing today in Mexico. Assembly Factories closing down and thousands losing their jobs.
Another new point to enter into this equation is that Mexico is getting outbid by China and others for cheaper countries for labor. They were losing
jobs to china before world demand for all products slowed- and what impact does a direct shipping link to the Colonet terminal from China put on the
future demand for mexican labor and downward pressure on mexican wages?
"The travel industry, a huge employer, becomes more competitive. And don't say people aren't traveling to Mexico, because they are. Just maybe not
your neck of the wooooods. " The only peolpe saying Meican touism isn't hurting are the travel agents, realtors and the Mexican government (because
Calderon just ordered them all to put on a happy face). No one is traveling ANYWHERE as much as they were in the good economy- it's not just Mexican
tourism numbers that are falling. Cruise ships will still dock in Mexcio for sure. But tourism is dropping most where the narco crime is expanding
most. That's also where most of the people and tourism is (Mexico City aside). The Yucatan is safer and more isolated- but can't support the whole
Mexcian toursit economy itself.
People aren't going to Las Vegas or Disneyland either though- so don't get defensive about Mexican tourist numbers. I would challenge anyone to tell
me why and how Mexican tourism would increase when tourism to every other destination in the world is falling hard. Narco crime aside even. World
tourism is on hold- people just don't have or won't spend the money until they are feeling secure about their economic futures... that why tavel is
on "disposable income". The downward economic spiral is continuing (see previous post) so don't expect people to spend willy-nilly for a few years.
If everything else was equal, and the peso went to 14- we would be stampeded by tourists! It's the other factors that took the helium out of the
balloon. Mexico is on sale and so is everywhere else- if you have disposable income. Look what happened to retail sales in the USA for December-
even with 50% off no one was shopping. It's all bad news for everyone in every country. Mexico is just a flea on the tail that wags the dog.
And today the pesos is 14.40 as I type.
[Edited on 1-15-2009 by Woooosh]
[Edited on 1-15-2009 by Woooosh]
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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robrt8
Junior Nomad
Posts: 67
Registered: 12-14-2007
Member Is Offline
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Try this one. A few days of trading will always look more erratic:
http://finance.yahoo.com/q/bc?s=USDMXN=X&t=3m&l=on&a...
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
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Mood: Luminescent Waves at Rosarito Beach
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Talk about thread Timing.... here comes Chavez walking on both knees. Didn't he just "nationalize" everything he could get his fat little fingers on?
Mexcio is only stuck on stupid- Chavez has his picture next to the word in the dictionary. He literally stole the oil fields and is now begging the
same companies to come back and forgive him...
He does look pretty in his Mr Congeniality sash though.
http://www.iht.com/articles/2009/01/15/america/15venez.php
[Edited on 1-15-2009 by Woooosh]
[Edited on 1-15-2009 by Woooosh]
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
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Mood: Luminescent Waves at Rosarito Beach
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| Quote: | Originally posted by The Gull
How many US states could be made out of Mexico?
Just think...no more border waits, no more fideocomisos...
are there other advantages?? |
I'd buy iceland on the cheap first. That economy just collapsed and they have all the free geothermal energy any super power could ever want.
You can't give away Mexico right now. Even Mexican don't want it. You would have to totally isolate it for repairs to be made. Not even Putin would
take Mexico.
You can begin a plan to save Mexico if you could start with reforming the educational system. Then you could have a police force (the first line of
security) that completed grade school at least. Problem with the educaton system here is the strong teachers Union- who will close the borders and
protest for their right to sell a teaching position to another unqualified teacher at the expense of young peoples educations. The highest bidder
gets the teaching job- SOS again.
[Edited on 1-15-2009 by Woooosh]
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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Thanks for that. On a day to day basis, I use this:
http://finance.yahoo.com/currency-converter?amt=1&from=U...
Much less confusing.
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DianaT
Select Nomad
Posts: 10020
Registered: 12-17-2004
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| Quote: | Originally posted by Woooosh
You can begin a plan to save Mexico if you could start with reforming the educational system. Then you could have a police force (the first line of
security) that completed grade school at least. Problem with the educaton system here is the strong teachers Union- who will close the borders and
protest for their right to sell a teaching position to another unqualified teacher at the expense of young peoples educations. The highest bidder
gets the teaching job- SOS again.
[Edited on 1-15-2009 by Woooosh] |
I know the public school system in Mexico is far from perfect. However, in Calexico, I had many, many students who were educated in the public school
system in Mexico up to the seventh grade. They were very well educated and usually very good students.
Diane
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
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Mood: Luminescent Waves at Rosarito Beach
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| Quote: | Originally posted by fishbuck
Sudden Collapse? I doubt anything will happen in a sudden in Mexico.
But if it did how would it effect Baja anyway?
So you are camping or at a hotel. What do you think will happen?
Maybe you own a home there. What will happen if there is a collapse.
Here is my guess.
Nothing will change! |
Not a pretty scenario. The weak will trample the strong. The pesos would devalue more (In Zimbabwe it takes a $4 Billion note now to buy a loaf of
bread!) Anything of value would be taken by force by the lawless. The USA would airlift american citizens out (Saigon nightmares anyone?) and the US
navy would use Mexican ports for voluntary evactuations.
Those Americans who stay behind to protect property will need lots more ammo and to band together with like-minded Americans and Mexicans as well. It
would look like somalia or many other lawless, leaderless African nations right now. It's not really that far away.
If you are worried about this- you really should head north today, because all that is happening now, maybe just not in your area yet.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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wingit
Newbie
Posts: 3
Registered: 1-16-2009
Location: Mn.
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L Love PVR, but ready to cave in ?
Man I love the people down there,
but is the place ready to cave in ?
Is everyone in the world a theif or warring ?
http://www.newsmax.com/headlines/mexico_collapse/2009/01/14/...
He died laughing or crying, can't tell
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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Welcome to BajaNomad, wingit. It's something I should probably know but, it's too early to decipher. What or where is PVR?
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