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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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Peso teases 15:1 rate today...
I'm showing a rate of 15.03 as I type.
The Mexican Gov't had been propping it up with help from the USA. Given the harsh conditions the past few days on Wall Street- it may fall some more
before it gets attention again. There are too many things to worry about before the pesos demise this week I think.
The big banks are in huge trouble today. They are worth less than the TARP bail out money just given to them. Talk about bottomless money pits...
[Edited on 2-20-2009 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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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
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| Quote: | Originally posted by Woooosh
I'm showing a rate of 15.03 as I type.
The Mexican Gov't had been propping it up with help from the USA. Given the harsh conditions the past few days on Wall Street- it may fall some more
before it gets attention again. There are too many things to worry about before the pesos demise this week I think.
The big banks are in huge trouble today. They are worth less than the TARP bail out money just given to them. Talk about bottomless money pits...
[Edited on 2-20-2009 by Woooosh] |
If nothing dramatic happens then I predict 16.5 in three months. That's my target to buy. 
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David K
Honored Nomad
Posts: 64856
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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Gold hit $1,000: ounce... Maybe time for Baja mines to open up?
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Diver
Ultra Nomad
Posts: 4729
Registered: 11-15-2004
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| Quote: | Originally posted by David K
Gold hit $1,000: ounce... Maybe time for Baja mines to open up? |
Yes David; you should go to Baja and dig a hole and ..... 
Just kidding !!
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David K
Honored Nomad
Posts: 64856
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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You know Diver... I would love to live off the land, like Herman Hill has for so long... I love the Baja desert... I love geology... and it would be
great!
I do have a gold pan... just need water!
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David K
Honored Nomad
Posts: 64856
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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Yah, that's the ticket!
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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 U.S. government should just announce nationalization of the banks and get over with it. What they have now is the same, but with no control or
oversight. They should just take over, kick out the idiots, and when some level of calm is restored, put the banks up for sale to the private sector.
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Woooosh
Banned
Posts: 5240
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Location: Rosarito Beach
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Mood: Luminescent Waves at Rosarito Beach
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| Quote: | Originally posted by Bajahowodd
The U.S. government should just announce nationalization of the banks and get over with it. What they have now is the same, but with no control or
oversight. They should just take over, kick out the idiots, and when some level of calm is restored, put the banks up for sale to the private sector.
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Isn't that the same "Nowegian Model" Obama and many Republicans support? Take them over, clean them out, sell them off?
\"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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msteve1014
Senior Nomad
Posts: 947
Registered: 12-2-2006
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after they "kick out the idiots", they would just replace them with more of the same.
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Phil S
Super Nomad
Posts: 1205
Registered: 10-28-2003
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Mood: After 34 years. Still in love w/ my wife
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Don't judge all banks as being "#%^$#". I've been doing some research on the "smaller banks", and find it interesting that those who are still
'liquid', stayed away from investing in the so called "bundled mortgages". Scares me to think that MY local bank could end up being run by the
"gov't"??????!!!!!!!!!! Only difference is they wouldn't be subject to stockholder input. Just Obama input!!!!! And if that happens, next thing
will be "time to turn in your guns folks" says Poloski & Obama. And we are getting close to that happening!!!! They won't find MY guns. Oh my
gosh. I forgot that yesterday I was to go down and buy more bullets!!!!!!!!! And if you are thinking of acquiring a or some guns, you've got to buy
then from private parties, otherwise you have to register your purchase. I'm not sure if that applies to rifles or AK47's or not?????? suddenly
owning an AK47 or equivelant doesn't sound so bad as it did a year ago.
[Edited on 2-21-2009 by Phil S]
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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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| Quote: | Originally posted by Dave
| Quote: | Originally posted by Woooosh
I'm showing a rate of 15.03 as I type.
The Mexican Gov't had been propping it up with help from the USA. Given the harsh conditions the past few days on Wall Street- it may fall some more
before it gets attention again. There are too many things to worry about before the pesos demise this week I think.
The big banks are in huge trouble today. They are worth less than the TARP bail out money just given to them. Talk about bottomless money pits...
[Edited on 2-20-2009 by Woooosh] |
If nothing dramatic happens then I predict 16.5 in three months. That's my target to buy. |
Assuming this is a speculative move on your part, what would lead you to believe that it will trend downward at that point? Or is this the uppermost
part of some trading range that you feel is probable?
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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 Phil S
Don't judge all banks as being "#%^$#". I've been doing some research on the "smaller banks", and find it interesting that those who are still
'liquid', stayed away from investing in the so called "bundled mortgages". Scares me to think that MY local bank could end up being run by the
"gov't"??????!!!!!!!!!! Only difference is they wouldn't be subject to stockholder input. Just Obama input!!!!! And if that happens, next thing
will be "time to turn in your guns folks" says Poloski & Obama. And we are getting close to that happening!!!! They won't find MY guns. Oh my
gosh. I forgot that yesterday I was to go down and buy more bullets!!!!!!!!! And if you are thinking of acquiring a or some guns, you've got to buy
then from private parties, otherwise you have to register your purchase. I'm not sure if that applies to rifles or AK47's or not?????? suddenly
owning an AK47 or equivelant doesn't sound so bad as it did a year ago.
[Edited on 2-21-2009 by Phil S] |
If your bank gets taken over by the gov't then I assume the stockholder input was of no use in the first place. I'm sure all they were concerned with
was a short-term gain....i.e. a quick buck. I applaud those banks that stuck to their principles and looked for a long-term gain.
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
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Didn't mean to imply all banks. But there are some, and they are very big, and the truth is that after all that cash infusion, they seem to be worse
off than before it. Citi and BofA just to name two. As long as the execs at these bank keep trying to protect their own butts, as well as the
shareholders, it's going to be a continued situation of begging for money from the feds. Sure, they may get replaced by more idiots, but to restore
confidence in the banking system, and to make credit available, I think nationalization is the way to go.
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TonyC
Nomad
Posts: 421
Registered: 1-25-2008
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Like Pemex.
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
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Nowhere close. Nationalization of the banks would be temporary. Pemex appears to be forever. Hopefully not.
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djh
Senior Nomad
Posts: 936
Registered: 1-2-2005
Location: Earth mostly. Loreto, N. ID, Big Island
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Mood: Mellow fellow, plays a yellow cello...
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| Quote: | Originally posted by Bajahowodd
As long as the execs at these bank keep trying to protect their own butts, as well as the shareholders, it's going to be a continued situation of
begging for money from the feds. Sure, they may get replaced by more idiots, but to restore confidence in the banking system, and to make credit
available, I think nationalization is the way to go. |
Well... don't you think our politicians have already "nationalized" or "socialized" the debt that these corporate criminals (who donate so much to
these same politicians) have racked up... They certainly never socialized any of their prior or future profits....
And... by design, the first responsability of corporate leadership is to "protect the shareholders" (most importantly THEMSELVES!)... Which is one of
the systemic problems with corporations... US Corps. have all of the rights of an individual, yet none of the responsabilities. Until this systemic
problem is corrected, this type of BS will continue over and over.
We live in a Corporate Political System... Many (perhaps most?) of our US politicians are just as corrupt as anywhere else... including MX.... The
main difference in the US Encumbancy Protection System... supported by these same corporations.... is that they have perfected slapping a bible and a
flag on the BS to thwart mass scrutiny.
Geeze... I certainly "went off" venting.... I don't usually do this... (And I stay away from the political and off topic forum stuff....)
Sorry...
djh
Its all just stuff and some numbers.
A day spent sailing isn\'t deducted from one\'s life.
Peace, Love, and Music
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Paula
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That was a totally acceptable rant, David. Very refreshing!
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Bajahowodd
Elite Nomad
Posts: 9274
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Hope you feel better. I do. That said, doing something has to better than doing nothing.
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djh
Senior Nomad
Posts: 936
Registered: 1-2-2005
Location: Earth mostly. Loreto, N. ID, Big Island
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Mood: Mellow fellow, plays a yellow cello...
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yeah... better now !
Thanks, Paula and Bajahowodd 
I guess that WAS a rant!!! Don't know if I've ever cut loose like that before...!
Now... to get ready for work, eh? I have a LOT of earning to do so that I can pay for these fatcats' bailouts 
Its all just stuff and some numbers.
A day spent sailing isn\'t deducted from one\'s life.
Peace, Love, and Music
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Bajahowodd
Elite Nomad
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Weenie issues again. Bang
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