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Bernanke's Evil Peruvian Clone Gets Serious About FX Intervention, As Country Shuts Down Border With Revolutionary Ecuador
After buying $200 million in the last two days, tiny little Peru is starting to show some serious resolve: over the past three days the small country has bought almost $400 million in USD. Considering that Japan's vaunted intervention was only 5 times larger, perhaps Peru does mean business after all. And adding to the overall confusion in Peru, is that the fact that it has just closed off its border with Latin American neighbor, which just had a military coup. After recent news about the Fed's criminal activity, one wonders how much it would cost to import some Ecuadorians in America: apparently this country's citizens' natural response to endless rape is just asking for more of the same.
Clip from tourist-friendly Honduras below. One wonders how much worse it would be if it that country's Central Bank was pulling the same crap ours does on a daily basis.
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Border Control Bitchez
Peru Putaz!
jajaja!
$400 million may not be much in other currencies, but i'd say in soles that's a big number.
who the hell is buying all those soles?
$400 billion in USD
Million?
So true! Ecuadorians, I salute you for figuring out what most Americans haven't: you can't just hope for change, you have to make it happen.
this might turn out to be a coup attempt....probably cia induced. wouldn't surprise me.
One can only hope!
Anything would be better than the government of Rafael Correa and the PAIS Alliance.
Jaime Bayly (decadent Peruvian writer) on Rafael Correa:
"Es un charlatan agitado!"
There goes the Halloween Vacation...
I SMELL CHEAP VACATION TICKETS COMMING!!!!
BOOK NOW AND GET A 99% DISCOUNT AND A FREE BULLETFREE BOXERSHORT!!
Reminds me of Uma Thurman in Pulp Fiction
"Excuse me. I gotta go powder my nose."
tip of the iceberg or the Republic of Ecuador is bananas? – i hear they are a passionate people...on the other hand, if this is the tip of the iceberg, then perhaps borders (see above for spalding_smailes's eloquent summary) are our watertight compartments.
The Peruvian Sol has advanced so much that it is hard for Peru's exporters.
The Sol going up has been great for our business. The interventions, like almost all of them are, do not mean squat.
Immortal Technique - Peruvian Cocaine *Lyrics:http://www.youtube.com/watch?v=SKJHltEI788&feature=related
I get good music as well as news from 0H.
Just throwing out an educated guess here, but I'd be willing to bet that they're buying dollars in anticipation of the USD being worth a whole heck of a lot in a relatively short time frame. I think the USD is about to spike in valuation (relative to other fiat, of course) in spite of the ramp in the currency component of the M1.
"All aboard!" Screamed BS as he leaned out the door. He watched as the last remaining Central Bankers got on the express, "The Pain Train". Inside Leisure Suit Larry slept on a reclining chair. "Larry, this is your stop." "Who huh??? Oh, must have fallen asleep again. Heh." He gathered his belongings, diapers and an Elmo doll, and stepped off. "Bye BS!" BS waived goodbye, and saddled up to the controls along side Timmah. "Ok Timmah, remember, we are going to run this thing off the tracks on the next leg. Got it?" "TIMMAH!"
Why? I mean I'm genuinely curious.
bernanke is re-engaging the fight against the "shining" path
Bernanke will get squashed just like Shining Path was squashed by Fujimori.
more hope and change from the WH
http://ox.arcade-hq.com/external/casale_cap.php/3_24_160x600
Or is Peru just a proxy for China buying up dollars? They're just creating enough chaos in the currency market the US congress has nothing to bite onto except for resorting to draconian trade tactics that can't be defended with the WTO.
china connection
http://www.bloomberg.com/news/2010-09-08/peru-official-sees-exports-surging-to-record-on-china-metals-food-demand.html
They are buying dollars to stem the increase in value of their currency which is hurting exporters. Their currency is surging because they have a real economy with GDP increases, comfortable trade/current balances, inflation and high single digit yields on government debt.
Sooner or later they or one of their neighbors will realize that they can do what they need to achieve more easily by direct exporter subsidy, kinda like Bruce Krasting has been discussing with the Swissie.
Let the trade wars begin!
This is the end
Beautiful friend
This is the end
My only friend, the end
It hurts to set you free
But you'll never follow me
The end of laughter and soft lies
The end of nights we tried to die
This is the end
When I lived in Ecuador, as I walked the street, ocasionally people who yell "CIA" at me. I would just laugh!
One day, however, a true CIA agent came to our door and asked me to translate a message from Spanish into English for him. He was a pure South American. I don't know if he was Ecuadoran or Colombian. He asked me to translate a message about counterfeit dollars being sent between Colombia's border and Quito. He didn't speak a word of English.
I always thought it was funny that they thought WE were CIA, when the real CIA was right in their midst, indistinguishable from themselves!
It's true, from the Rothschild central bankster (just like in the US) to CIA run right wing politicians and media, all Latin American countries have been infiltrated.
But.
On a large percentage of cars here you see Che Guevara face, lots of political graffiti about the CIA, genocidal joos and what not.
You think it's funny? Have you any idea how many people were tortured and assassinated during the CIA imposed military coups? Not just here but in most Latin AMerican countries? People down here know very well who the terrorists are.
Also, what an idiot, the same people for whom empire is fought (gleefully by morons like you) are the same banksters who fleeced the American middle class
Talk about poetic justice.
ROFL