-1900? Maybe by tomorrow? Outlook is Grim!

apeters says on Oct 6, 2009, 10:45:

GRRRRRRRRR.....come on...PLEASE GO UP!!!! Im moving to Colombia in January, I want my USD to be worth something :( :( go dollar go!!! porfa!

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Aji1 says on Oct 6, 2009, 10:54:

YIKES! That's not good.

I know not what course others may take; but as for me, give me liberty or give me death!

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Simon says on Oct 6, 2009, 11:12:

LET'S GO PESOOOO!!!!

"Just an honest, decent Colombian trying to do the right thing."--Simon

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Aji1 says on Oct 6, 2009, 11:36:

Simon, not sure about your comment. Who exactly does an overly strong peso really help? Not Colombian exporters. Could help those that import products form the USA and American exporters to Colombia. Other than that???

I know not what course others may take; but as for me, give me liberty or give me death!

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Simon says on Oct 6, 2009, 11:53:

A strong peso means a strong Colombian economy! Or do you think I'm gonna root for the peso to drop to $1 = 1 million COP?

"Just an honest, decent Colombian trying to do the right thing."--Simon

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emerson_wylde says on Oct 6, 2009, 12:02:

I think Colombia's central bank still has wiggle room to keep the peso from getting too strong - inflation doesn't look to be a real problem at this point.

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jman73 says on Oct 6, 2009, 12:24:

Bians is right. The dollar is / will continue to sink against most currencies so its not necessarily an indication of a strong Colombian economy.

"Anyone who thinks that Colombia is a gastronomical paradise needs to have their head examined." jman73

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Aji1 says on Oct 6, 2009, 12:35:

Simon, Colombia is so linked to agricultural and commodity type exports that a strong peso makes their goods costly to the buyers of those exports. Like Brians mentions, a weak US economy and strong peso can't be good for Colombia since the US is such a major buyer of Colombian exports. Your argument is too linear to adequately explain the dynamics of the situation. But one could make the argument that a weak dollar is not good for Colombia either given the trade situation as it exist. Either way you slice it it makes Colombian goods more expensive in the US, which is not good for Colombia. It will cause a decrease in jobs for Colombians and even if the peso can buy more, fewer people with jobs means that overall the benefit of a stronger peso will not equate into prosperity or a better standard of living for the average Colombian. IMHO anyway.

I know not what course others may take; but as for me, give me liberty or give me death!

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jb_fastpitch says on Oct 6, 2009, 13:43:

It is the Statist administration in Washington, DC and many of the states (read Democtrat controlled) that are causing this problem and it will only get worse until they are thrown out of office. (Don't hold your breathe)
The goal is to destroy the US economy and replace capitalism with fascism (state controlled economy) They already own the banks and automakers and parts of healthcare (Medicare, Medicaid, Schips etc.) soon to be all of healthcare. The Cap & Tax bill that the house already passed will eventually cost every family over $3000.00 on their utility bill.
Governor Jennifer Grandholm promises 40,000 green jobs by 2020 for Michigan. Will there be 40,000 folks left in Michigan by then???
She's already lost 680,000 real jobs for Michigan and is projected to lose another 370,000 by the end of her term.
The union thugs think we need to tax the remaining businesses even more as plants are closing left and right to move to friendlier environs.
On the national front, the administration's brainiacs think it would be easier to extend unemployment benefits than to create new jobs. They seen unemployment expanding into the distant future and they are happy about it as they gleefully print more fiat money.
Hey, that's just the GOOD NEWS !!!!

Choose Liberty, there is no such thing as equality.

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emerson_wylde says on Oct 6, 2009, 14:05:

Pretty bold conclusion jb -- that the GOAL is to "replace capitalism with fascism" -- if you said the effects of what is happening is moving us away from one and closer to the other -- well your points support that. IF that were your point I'd agree a little bit - but we'd have to consider the factors that got us here - which paints a different picture.

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cstew47 says on Oct 6, 2009, 15:39:

The last I looked it was at 1928. I think there is some unwarranted panic/glee being reflected here.

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Aji1 says on Oct 6, 2009, 15:51:

jaja, nervous Nellys

I know not what course others may take; but as for me, give me liberty or give me death!

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davidyamiga says on Oct 6, 2009, 15:58:

Let's all move back to the USA!

Otra vez en casa...Cali!

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utopiacowboy says on Oct 6, 2009, 17:03:

The guy who started the fascist enterprise known as the USSA also known as GovernmentSachs was George W. Bush. Remember his famous statement that he had to destroy capitalism to save it? He and his henchman Cheney never showed the slightest interest in the Constitution. The only worthy man left is Ron Paul but the vermin citizens of the USSA do not deserve him. May they rot in hell forever!

Disclaimer: any comment I make is inane and is not to be taken seriously, and is so patently ridiculous that no one should take it seriously, even as an insult.

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Aji1 says on Oct 6, 2009, 17:26:

Ron Paul is the man. However, the US media will never let him fair coverage in the press. They marginalize him as a nut on the fringe. The US media has completely abdicated their responsibility as the watch dog and are 100% complicit in the downward spiral of civil liberties and the constitution as the law of the land. UTC I disagree with you, the US people do not deserve this fate because most of them are reasonably good at heart. But this will probably come to pass due to being overburdened just trying to make a living (by design) which then causes apathy and complacency. This started well before Bush as well I might add.

I know not what course others may take; but as for me, give me liberty or give me death!

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coastalad says on Oct 6, 2009, 17:45:

maybe it looks grim if you have USD, GBP too, but not so for CAD, AUD or NZD,

always avoiding white picket fences

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chrispej says on Oct 6, 2009, 19:15:

I'm not big Fan of gold, but I found this article.

It is not unusual to see the U.S. dollar down against the Canadian dollar, and other currencies, on a day when stock market indexes are rallying. In the old days of this stock market recovery, this action would be attributed to investors leaving the safety of U.S. Treasuries and embracing risk overseas.

However, on Tuesday, the U.S. dollar’s downturn is being blamed on something a little scarier: The Independent newspaper has a scoop whose headline says it all: “The demise of the dollar.”

It begins: “In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

“Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.”

Central bank officials have been busily denying any such attack on the dollar – but reactions suggest that investors are taking the article seriously. The Canadian dollar rose to 94.6 cents (U.S.) against the U.S. dollar, up 1.1 cents. Perhaps more ominously, the price of gold surged to a new record high of $1044 an ounce, up nearly $26.

FT Alphaville has a nice roundup of some of the reactions to the dollar’s moves – some saying that this is big news, others downplaying the importance. Here are a couple of snippets:

Dennis Gartman, Gartman Letter: “It is unanimous: ‘They’ hate the U.S. dollar and it appears that a fully fledged attack is being made upon the U.S. currency this morning, with money flowing anywhere and everywhere….”

Barcap: “An eventual move towards oil being traded in a wider range of currencies is possible, but in our view, the Independent article makes it sound far more imminent than it likely is. In particular, the political consensus needed to achieve this would be very difficult, especially at a time when there is an apparent lack of consensus on more proximate issues for GCC countries, such as the Gulf Monetary Union.”

And check this link for a little history....

http://www.buyandhold.com/bh/en/education/history/2002/arab.html

I dunno but I think the dollar is going in the shitter.....

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utopiacowboy says on Oct 6, 2009, 19:18:

Americans are scum who deserve to be enslaved forever to their Chinese masters. I hope the Chinese create extermination camps to clear the land they've bought of the assholes who inhabit it.

Disclaimer: any comment I make is inane and is not to be taken seriously, and is so patently ridiculous that no one should take it seriously, even as an insult.

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Grimace says on Oct 6, 2009, 19:31:

Chinese masters? I dont recall us Americans ever being enslaved by the Chinese. I know we put the Japanese in the camps though during WWII. You have very warped comments.

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capt_j says on Oct 6, 2009, 19:33:

Hopefully the people pulling the puppet strings in Washington will get a clue pretty soon here and start to get a grip on things.

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Colombianhunk (☼Travelguide writer) says on Oct 6, 2009, 20:42:

emerson_wylde says on Oct 6, 2009, 21:30:

capt_j - it aint that easy. For the U.S., years of living beyond our means, along with poorly regulated financial markets have put us in a bad way. Market purists say the market should be left to sort itself out - car makers should fail if that's what its come to, and banks too. BUT policy makers on BOTH sides of the aisle want to "cushion" the blow - even more massive job losses make re-election difficult -- so they intervened in a big way, and began printing money like crazy. But that doesn't really change the basic dynamic, it just spreads the impact out more broadly and over more time. Bottom line - its like that old commercial with the mechanic saying "You can pay me now......or you can pay me later..." But we're gonna pay one way or another - nothing magical about it.

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stocktrader says on Oct 6, 2009, 22:54:

utopia- you have it backwards. american multinationals like HPcompaq, sylvania etc use slave like chinese labor to make billions. The US is engineering a pseudo default of their debt by creating inflation. this is also how they will take care of the future insolvency of social security because real inflation will always be underreported. Once we lose the reserve currency status the standard of living of anyone getting paid in dollars will decline.

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La_Huella says on Oct 6, 2009, 23:24:

A strong peso is good news for anybody making pesos.

And the Colombian economy is 74% service based, thank you very much.

I just want to take the time to say I TOLD YOU SO.. to all the ignorant pricks who made fun of me when I predicted this 9 months ago... LERO LERO LEROOOOO.....

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goin_south says on Oct 6, 2009, 23:29:

well,... are breast implants 'service-based', or 'product/commodity-based'???
jajaj

nothin I say is to be takn for my words, but rather for the words of Sailor Jerry.

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jroger21 says on Oct 6, 2009, 23:44:

I am seeing it on 3 different pages as 1954

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Buongone says on Oct 6, 2009, 23:56:

UTC-Last I heard you were a gringo from Texas. Is that not correct? You seem to try to make it sound as tho you are not.

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scumbuster says on Oct 7, 2009, 03:10:

Bloomberg closed at 1907

Tomas Jefferson “When the people fear their government, there is tyranny; when the government fears the people, there is liberty.”

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Aji1 says on Oct 7, 2009, 03:25:

Wow, it sure would be nice if everyone on here could maintain things as a civil discussion rather than resort to name calling and insults. I guess that is asking too much though.

I know not what course others may take; but as for me, give me liberty or give me death!

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jb_fastpitch says on Oct 7, 2009, 05:50:

UTC, you should be proud of the Messiah, like you he also seems to hate the USA. Bush was not a conservative and his fiscal policy was mixed (tax cuts good, SPENDING A DISASTER), but at least he loved his country.
It was the dems that created fannie and freddie. It was the dems that forced the banks to write bad mortgages. Those laws were started by Jimmy Carter and made worse by Clinton.
The USA has been the greatest country on earth because people were given the freedom to act in their own SELF-INTEREST, not some collectivist state controlled from above. The problems arise when government intervenes in th market with regulations. We need more freedom to succeed not more regulation and taxation. Every dollar any government spends must first be CONFISCATED FROM SOME ONE THAT EARNED IT.
Aji1, do you think Patrick Henry would agree that this is a CIVIL DISCUSSION???? Hmmmmmm?????

Choose Liberty, there is no such thing as equality.

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BillBigD says on Oct 7, 2009, 09:15:

La_Huella-anytime the COP gets below 2000 you come out of the weeds. Here from a guy that exchanged his $ at 1800ish.
I will say that I surprised the COL peso held up so well last week

1 funny, 1 helpful.

apeters says on Oct 7, 2009, 09:21:

just checked bloomberg...its at 1892 now...this sucks.

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Paisa/Calena/Luver says on Oct 7, 2009, 09:29:

Sending Western Unions just got a little more expensive guys! 1892??????? Wow what misery! Heaven help us!

I like to exchange $1000. at a time. This past spring I had was getting 2200 at $1000 = 2,200,000

Now at 1800 lets say. Im getting 1,800,000 I just fricking lost 400,000.. I could by a few weeks groceries for the ole lady in MDE for that money.. SHITTTTTT!!

"PAY ATTENTION! I wonder if that person knows that when we push the FUNNY button, its because we are reading something outrageous, trying to be cynical, derogatory, sarcastic and/or obnoxious!"

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scumbuster says on Oct 7, 2009, 12:00:

1888 at 3:00. $ Circling the toilet.

Tomas Jefferson “When the people fear their government, there is tyranny; when the government fears the people, there is liberty.”

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chingon says on Oct 7, 2009, 12:43:

Congressional budget office says we cannot afford these gov't programs that are being proposed but President Afrian American Bush keeps moving forward. God these idiots just don't get it

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wendell13 says on Oct 7, 2009, 12:48:

A wannabe musician who exchanged dollars for pesos at 1800. Wow..what a financial genius

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La_Huella says on Oct 7, 2009, 13:21:

Most of it was exchanged at 2200 and 2300. Try reading the logs here, morons.

Now I´m exchanging pesos for dollars at 1650 or 1700.... yes, that's right, if you know where to look :)

I certainly look like a genius compared to all the Nostradamuses out there predicting 3000 .....

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Paisa/Calena/Luver says on Oct 7, 2009, 13:25:

uffff at 3000, I would buy that apartment I always wanted. $100,000 = 300,000,000 cop.. imagine that guys?

NOW 180,000,000 what a big freakin difference.

"PAY ATTENTION! I wonder if that person knows that when we push the FUNNY button, its because we are reading something outrageous, trying to be cynical, derogatory, sarcastic and/or obnoxious!"

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scumbuster says on Oct 7, 2009, 17:07:

I transfered 1/2 my savings down earlier this year at 2250. Now wish I had sent it all

Tomas Jefferson “When the people fear their government, there is tyranny; when the government fears the people, there is liberty.”

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BillBigD says on Oct 7, 2009, 20:48:

La_Huella- Until you changed your stage name you were bragging about your money exchange, condo buying skills. ETC
Now you have have changed the exchange rate you claimed to recieved , thinking about getting into a smaller apartment, still in credit card debt. But go ahead keep your games going on. BTW how is that MANA band doing. Real rocker aren't you.

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misterfinger says on Oct 7, 2009, 22:01:

www.infowars.com

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La_Huella says on Oct 7, 2009, 23:37:

I was bragging because I got most of the money down at 2200 and 2300.

The music business is going just fine down here BTW... I'm on top of the world.... that band was for one gig only... and wtf does that matter what kind of music I'm playing.... I'm sorry if you don't like Mana... don't listen to them then...

And the apartment is sold.

Anyways, keep on being better about the USD finally being realized for the toilet paper that it is. I'm making COP now so I'm straight.

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wendell13 says on Oct 8, 2009, 04:42:

UTC is Mexican

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goin_south says on Oct 8, 2009, 17:55:

he's osmosed mexican

nothin I say is to be takn for my words, but rather for the words of Sailor Jerry.

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utopiacowboy says on Oct 8, 2009, 19:46:

I may be Mexican but I still don't want Lou Dobbs sucking my cock. I'd like to do some Comanche torture on him for a week or two. Amuse myself with fire ants and knives. I'd put his head on a stake as a warning to the rest of these jackass rednecks. The ones from Arizona are the worst. They won't let you live there unless you can prove that you're 100% retard. If you're just a moron they send you to Utah. When the civil war comes I hope we kill all the gringos in Arizona.

Disclaimer: any comment I make is inane and is not to be taken seriously, and is so patently ridiculous that no one should take it seriously, even as an insult.

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goin_south says on Oct 8, 2009, 22:45:

oh, thanks for sparing the rest of the gringos

nothin I say is to be takn for my words, but rather for the words of Sailor Jerry.

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Buongone says on Oct 9, 2009, 00:44:

From what I understand. Anyone not Colombian is Gringo. Maybe the Puerto Ricans are not included. This has been brought up a whole bunch here. Now it do's sound funny, but that being said. Mexicans are Gringo's to Colombians. Ha !!

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misterfinger says on Oct 9, 2009, 22:07:

Why youn so Racist Utopia???? Are You a Member of La Raza???? Go Arphoe kick those ilegals out OK NOW....

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utopiacowboy says on Oct 10, 2009, 04:38:

One thing the rednecks don't understand is that they are a minority, in the world and soon, in the US. They are already a minority in California, New Mexico and Texas, more states will follow. So when it all goes down and it will, there are going to be a lot of knives wanting to slit gringo throats.

Disclaimer: any comment I make is inane and is not to be taken seriously, and is so patently ridiculous that no one should take it seriously, even as an insult.

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misterfinger says on Oct 10, 2009, 06:57:

FUCK YOU And Your LA Raza Mexican KKK ,,, This Shit is wrong,,,The Monkey says be nice and your putting in your racist shit here...Your acting like a Gang Member here,,,You think sotamayer Misses La Raza is cool then too,,,Come on Give ME A Break,,, Why The Racism Here?????

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La_Huella says on Oct 10, 2009, 08:37:

HAHAHAHAH UC is whiter than I am guys.......

To Colombians not even a Canadian is "gringo"... only people born in the US are considered gringo here...

In Brazil even Colombians are called "gringo" however... anyone not Brazilian is a gringo in Brazil.

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utopiacowboy says on Oct 10, 2009, 11:56:

The whole time that white crackers were lining up blacks and Latinos for their weekly ass-fucking, there wasn't a peep about racism. Now that it's whitey's turn to take one up the ass, suddenly Rush and Hannity and all of them are screaming racism. STFU! The whole lot of you. Now bend over and take this broom handle where the sun don't shine! Now you're our bitches.

Disclaimer: any comment I make is inane and is not to be taken seriously, and is so patently ridiculous that no one should take it seriously, even as an insult.

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misterfinger says on Oct 10, 2009, 17:30:

Fuck Rush And Hannity Choose Micheal Savage or better yet Alex Jones GO Ron Paul Yes for sure...

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goin_south says on Oct 10, 2009, 20:45:

the best story is the f*kn muslims crying RACIAL PROFILING... in Colorado.... because they are closely tied friends to Aziz.....
Fok them.
If they don't like it.... then go back to fokn other side of the world

nothin I say is to be takn for my words, but rather for the words of Sailor Jerry.

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misterfinger says on Oct 11, 2009, 00:13:

I am not a big fan of Micjeal Weiner Savage I prefer Alex Jones or David Icke or Jeff Rense but him being banned in The UK Cause of Extreme Muslims is a complete ball of hogwash...

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