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If this doesn't send the S&P over 10% for September, nothing will.
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Who's couping whom ? Just wanna make sure I am on the winners side
Military is on strike.
They should strike instead.
its a worthless country, not even a natual resource thrid world country! Who cares what happens, it wont affect the S&P
It's another straw on the revolutionary camel's back. The proles are being riled in all of the countries around the world. Total global war coming soon to a theater near you.
If this doesn't send the S&P over 10% for September, nothing will.
Nothing did...+8.76%
Rafael Correa : Snakebite leader, Ripper Bravo Six, we're gonna need you soonest be advised I've got zips in the wire down here, over!
Barry O'Potus: Roger your last Bravo Six, Snakebite lead we can't run it any closer. We're hot to trot and packing snake and nape but we're bingo fuel. It's your call, Six actual, Over.
Rafael Correa : Snakebite leader, Bravo Six, for the record, it's my call. Dump everything you got left ON MY POS. I say again, I want all you're holding INSIDE the perimeter. It's a lovely fucking war. Bravo Six Actual and Out.
Barry O'Potus: Roger your last Bravo Six. We copy it's your call. Get em in their holes down there. Hang tough, Bravo Six we are coming cocked for treetops. Whiskey to Echo... Snakebite Two, this is lead. Last pass on zero niner. Watch my smoke to target, expend all remaining. Follow my trace...
Ramirez, defend Burger Town!
Jaime Bayly (decadent Peruvian writer) on Rafael Correa:
"Es un charlatan agitado!"
Some people have all the luck.
Time to recoup our losses!
Obama send the Marine Corpse down to deal with these Crazy Coops.
http://edition.cnn.com/2010/WORLD/americas/09/30/ecuador.violence/index....
"They fired gas on us -- on the president of the republic," Correa said on the Ecuador TV telephone interview. "This is treason to the country, treason to their president."
"We call on the citizens. We call on the armed forces. We call on other governments to defend our democratic institutions,"
Phuking Communist pigs! When it's their Democracy threatened than they love it
How do the citizens "help" when they have no arms??? If the military and police are the only ones "packing" , you're TOAST, El Presidente! And that my amigos, is the POWER OF a LEADED PUBLIC.
I second that.
I have an Ecudarian blog that mentioned that Pres. Correa has gotten tough with the police and military this am, and that both are on strike. This almost is a military coup backed up by Columbian troops with USA blessing. It will be interesting to see what Brasil does in light of an election 10-3-10. Milestones
i heard the greek and spanish protests were also backed by the CIA.
in fact, all protests of leftist leaders are backed by the CIA.
I read it in a blog.
Right, because the CIA has never intervened in a Central American nation before. What kind of world would we live in if foreign powers simply picked and choose the dictators that got into power? That would just be downright un-American.
sorry my subtlety is lost on you.
i merely suggest reading something on a blog does not make it so.
it's all you apparently need to accept as proof, i get that.
my standards are higher, that's all big guy.
They don't call them Criminals In Action for nothing!
Thank you for applying to the CIA dicator program. Unfortunately you are too fiscally responsible and unwilling to dump huge debts on your nation to qualify. Call us in a few years when you can think about half finished nuclear power plants and really expensive social programs that involve buying alot of $100 dollar american and british textbooks and 300 dollar computers that you pay 800 bucks for because you don't know anything about computers.
might i also point out to you that just because the CIA backs SOME opponents of leftist dictators, it does not mean they are behind EVERY protest of every type in left wing dictatorships.
I've been to a few communist countries, and trust me, you don't need the CIA to have unhappy people.
+ 1
"...might i also point out to you that just because the CIA backs SOME opponents of leftist dictators.."
allow me to correct that for you,
"...might i also point out to you that just because the CIA backs/installs SOME brutal dictators who oppose democratically elected leaders who actually value their electorate or possess the slightest of unfavourable attitudes toward US business interests..."
No need to thank me.
Regards
funny how you assume i am a backer of everything the CIA has ever done, just because i question the validity of a statement that is not based on anything but pure rumour.
i also question people who blame all the world's ills on GWB, yet i think GWB was the worst president in history.
i don't expect you to understand, you're too closed minded.
Excuse me, but you happen to be the one suspiciously mistaking democratically elected leaders for 'dictators'...kind of a difficult distinction to miss unless you have an agenda, or at least a prejudice.
And just because the CIA and GWB are not guilty of every ill of the world, doesn't justify exonerating them for the brutality they have perp'd.
i really wonder sometimes if i am writing in a foreign language...
i never said Correa was a dictator (although i would lay money that he would become one given the opportunity)
i did say GWB was the worst president in history
i never said exonerate anyone
but carry on, i guess you have a point somewhere.
i really wonder sometimes if i am writing in a foreign language...
No no no VW, don't worry, we get your dupe's message loud and clear:
i never said Correa was a dictator (although i would lay money that he would become one given the opportunity)
That says it all.
I love it when commentors try to come off as all erudite when the reality is that they have allowed themselves to be so programmed by Ronald Reagan et al that they religiously continue to maintain crap like "Socialism is synonymous with Stalinism".
the fundamental principal of socialism is collective rights as opposed to individual rights, you know, 'the people' vs 'me me me'.
Mild socialism is still evil, stalinism and naziism are just the fundamental principal taken to logical conclusion.
Doesn't mean mildly socialist nations have concentration camps, but taken to their logical conclusions they would have.
you've drunk the koolade, my friend, not me.
Pah, you obviously wouldn't know a 'logical conclusion' if it smacked you in the face.
And you're simply mouth breathing the koolade vomited by Margie Thatcher and RottenRonald. Drop the magazines, read a book. I recommend you start with a dicitonary other than Webster's Lexicon for the Semantically Challenged, because that tome is leaving you dangerously misinformed.
huh, i actually thought you might try to rebut, but then again i'm not all that surprised.
anyway, no biggie. I'll stick to living in the more free countries, and visiting the less free ones, you can do whatever you want, it's a free world (well, for the most part, still)
Bah, there's no point.
It's as if I am trying to describe 'orange' to a colour blind man who has misapprehended since birth that it's 'green'.
I've offered a series of valid retorts, and you have yet to address one of them. Other than to spout misnomers and/or neo-con rote, that is. I "can lead a horse to water..." and all that cal.
What are your sources?
Yes, good point! The US military and/or CIA has never covertly attempted to bring down a government, in its entire history. Also, it has never attempted EVER to suppress the price of gold. All that talk is definitely tin foil kind of talk. Even the de-classified documents from the US government that clearly shows they have done just that are in itself lies spread by blogs everywhere.
If it's written in a blog, it is obviously not true.
+1
but i read in a blog the colOmbians and the US military were not involved, so who's right?
i'd at least give more credence to the one that can spell colombia correctly
"so who's right?"
wake up to the fact that you may never know the truth, you aren't "there" to witness it, and even if you were, there's a strong possibility your mind has already formed its opinion. . . all reported news comes with the bias inherent, as does your filtered "truths". . . the best we all can do is remain vigilant in the questioning.
maybe you should have read all my comments, then you might have understood i was making fun of the idea that reading something on a blog means anything.
I've been to a few communist countries, and trust me, you don't need the CIA to have unhappy people.
Hahaha! But it sure helps! Which countries were those BTW? I believe you too because you posted it on some blog.
czechoslovakia and cuba. You?
My point, again, is that just because someone posts it on a blog, doesn't make it so.
if you want to see ghosts behind every door, that's fine by me.
The CIA's nefarious doings in SA (indeed worldwide) are historical fact, not just 'ghosts behind every door'. Most decidedly including Ecuador. Ever hear of "The Usual Suspects", or "Inductive Argument"? You might wanna look those up. They tend to gain credibility as they are reinforced by repetition, and supported by deduction. Whereas an anecdotal assessment like yours isn't worth writing home about.
I've been to a handful of socialist-democratic nations (I believe Czechoslovakia fits in that category: I recommend you invest in a dictionary other than "Webster's Collegiate for Right Wing Loonies") and most have a much higher standard of living than the US. In fact the top ten socialist democracies kick the ass of the US left, right and wherever else you want to look when it comes to that. I'll be honest: I found both unhappy and happy people, go figure...
Sorry for the disillusioning, but you needed it.
Oh, and just because it is written on a blog doesn't mean you can't do a bit of research and test its veracity... something else of which you are apparently unaware... good luck with that.
umm a little history for you, czechoslovakia does not even exist anymore, jesus, read a magazine will you?
I was not speaking about visiting the czech republic or slovakia, but czechoslovakia, you know, the place the russians occupied, you know, before the wall came down and all that??
i love people who attempt to sound all educated and all and then they make fools of themselves showing they don't even know the names of modern nations. jesus.
might i add, just because some people are happy living under communism or social democracy does not make it a moral or immoral system of government.
Taking away individual liberty does matter though, so i'll stick to the more free countries for myself.
I do like to visit socialist countries though, it's like a fascinating trip back through time, and the women are always extremely friendly, since they all want a foreign guy to rescue them from the hell they live in.
Czech or Slovakia, I hope they'll pardon me for lumping them together, their political systems are not all that different; I thought that was your point. I was under the impression that your anecdotes might have some actual relevance to current conditions, rather some totally worthless, out-dated, jingoist tainted memory. Next you'll be telling us you visited Croatia when it was still a part of Hungary. How old are you anyway, Dad?
I do like to visit socialist countries though, it's like a fascinating trip back through time, and the women are always extremely friendly, since they all want a foreign guy to rescue them from the hell they live in.
What a load of bollocks. Have you been to a 'socialist' (lord only knows how someone as malinformed as you defines this) nation anytime this century? Prejudiced impressions of Soviet Bloc countries circa 1966 does not a study make. At least not one worth paying attention to.
And you still need to work on your definitions
Communism does not equal Stalinism does not equal Socialism.
On that note, would you call the US a democracy? Name some of your 'free' nations.
i'll keep this simple for you, as we both know it's a waste of time.
i visited czechoslovakia while it was occupied by the communists and several times after it became a democracy.
It's just one of many examples of how the faster and farther it moved from communism, socialism, or whatever name you want to call it (all still have the fundamental principles of centralized power, collective rights instead of individual rights) the better off people became.
To claim that people in the czech republic have a higher standard of living than those in the USA shows just how far out to lunch you are.
I have visited cuba in the late 90's and as recently as 2004, and it's still the same: food rations, poverty, decaying buildings, and people literally dying to escape.
Of course there are no perfectly free countries right now, I just chose the better ones, like Canada, to live in. The rest i just visit.
The point you will never admit is the more free the country, the better the economy (not even considering the morality of free countries vs totalitarian ones, such as cuba, iran, north korea).
The US is quickly moving to a social democracy, which is what caused the crisis and which is what will continue to hurt the economy.
p.s . i am in my late 40's sonny, old enough to have seen with my own eyes what socialism does to people, as opposed to just hearing about it from some uni prof with tenure.
Wait, doesn't Canada have socialized health care? GASP: You're a 'commie' and don't even know it! Either that or a self-loathing pinko!
Poor Eastern Europe has only managed to escape Russia since the 90's, it takes some time to overcome occupation by malevolent dictatorships imposed by an occupier.Hmmm, that sound like any other NA nation's preferred method of control of weaker nations in SA?
The US is quickly moving to a social democracy, which is what caused the crisis and which is what will continue to hurt the economy.
Wow, you really are a fool. America is in this trouble because it has spent far, far more than it could ever have stolen stirring up hornets' nests worldwide, allowing its businesses to offshore production and take out insurance on the value of other people's assets, with leverage. You remind me of this guy:
http://www.youtube.com/watch?v=83tnWFojtcY
The US has been almost entirely ceded to plutocrats, and Canada is has merged onto that road. They are Corporate Socialist states teetering dangerously close to fascist oligarchies, which is entirely a different thing from a socialist democracy.
Did you bother to test this by looking at the standard of living in nations that actually have established social democracies like Sweden, Finland, Netherlands, Norway, and others? I didn't think so.
Here is a 'freedom' test for you:. I what country can you host a site like 'Wikileaks' without fear of persecution? Hint: It's NOT the US, but it is a social democracy with a higher standard of living than America.
Once again: you need a new dictionary, and get the CIA's balls off your chin.
Regards
hey i agree with you, canada and the USA are not nearly free enough and yes GOVERNMENTS have spent themselves into near oblivion.
No really free nations exist, so as i said 2 or 3 times already i choose the one where i was born, which is still partially socialist unfortunately, but i can't exactly live in utopia.
Luckily i am not economically dependant on the state so i am free even while living in not really perfect country.
It's very, very funny that you don't even realize that centralist forms of government, (no matter what name you try to hide them behind), by their very nature, centralize power.
Well, maybe in your second year of school you'll start to be able to reason for yourself, but i doubt it.
Just answer the question.
Police officials burned tires in the streets and protested against the government, while air force officials shut down the airport in Quito. The army has said it supports President Correa.
http://online.wsj.com/article/SB1000142405274870478940457552402094130845...
I thought this was another ONION dispatch. Turns out it's a variation on that Greek thing.
Police vs. Army ... FIGHT!
Hey a trend: Pakistan too...and Mushariff is back! US air incursions, Pakistan shuts the border
http://www.rferl.org/content/Musharraf_Warns_Of_New_Military_Coup_Threat...
I've lived in Ecuador! When I first arrived, the military had overturned a socialist government and brought order to the country. After a couple of years, the military had free elections and turned the country back to a civilian government. It was fortunately a peaceful transition.
When Correa took power a few years back, he immediately began to install a Fidel/Chavez style communist government.
One of my Ecuadoran friends came to visit me. I mentioned that they now had a socialist president. His reply was, "but he's a GOOD socialist"!
There are no good socialists. They are ALL tyrants! They are all totalitarians in their hearts!
Le'ts hope the coup succeeds and freedom in Ecuador is restored!
maybe this is why they like him so much, the IMF on the other hand...
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=avVnU01XRJWE
Here is the real story ! Read the book "Confessions of an Economic Hitman".
“I couldn’t allow the continued payment of a debt that by all measures is immoral and illegitimate,” Correa said. “It is now time to bring in justice and dignity.”
A debt commission Correa formed last year said in a 172- page report in November that the global bonds due in 2012 and 2030 “show serious signs of illegality,” including issuance without proper government authorization.
By defaulting, Correa, a close ally of Venezuelan President Hugo Chavez, fulfills a threat he has made since a 2006 presidential campaign that ended in a landslide victory.
While Hillary Clinton tells the media that the U.S. abhorres violence and lawlessness, and she hopes they can settle things peacefully. Look behind the scenes to find the truth.
Great book! Inside info. is always the most damning.
Perhaps I should have said the same about the United States -- that the coup should succeed and freedom restored!
Coup = Elections ... in the American republic.... Happy November Coup!
Be sure to kick all incumbents to the curb. The alternative is much harder and makes a big mess.... we don't have any $$$ for the clean up!
"Le'ts hope the coup succeeds and freedom in Ecuador is restored!"
Do you actually think the Barry Bunch will allow that?.
Send in the Clowns, there must be Clowns!
Left-wing dictators, right-wing dictators...
Honestly, they all taste the same.
Coups are nothing but the seeds for the next round of socialism with an alternative set of lies. Government based upon violence never works for long.
"Government is not reason, it is not eloquence -- it is FORCE" -- George Washington
Government force is merely the application of state power. Without power, there can be no force.
No, S&P still here, at around -3 and change guess it's not that relevant since we don't know how to loot it yet!
I wonder how ol' Hugo feels about this...
http://www.buenosairesherald.com/BreakingNews/View/46487
nice article.
Colombia is going to absolutely boom now that FARC is clearly doomed.
What's that colombia etf again?
You've missed that trade I'm afraid, it's already booming and has been for quite a while. Relatively speaking of course.
Ousting the FARC won't do much for all the poverty though.
i disagree.
first, there will be at least some savings in military spending, once the FARC is finished. (Maybe not, as Hugo could make a lot of noise i suppose and keep them spending)
but much more importantly, foreign mining and oil exploration companies will flock to colombia and bring investments and jobs with them.
not saying poverty will end tomorrow, but it all helps, and colombians are well educated, intelligent and ambitious.
+ 1 Again.
hey DoChen i'll be in lima in 2 weeks, can't wait. Furnished apartments are not exactly cheap in Miraflores! I managed to get one finally, but damn, i was quoted more than $2k for a lot of places!
i think i spot a business opportunity..
Property prices (condos, etc.) are in a boom! Buildings going up everywhere!
Hmm, sounds like Miami in 2005...
Now is NOT a good time to buy residential real estate in Lima, esp. higher end.
Foreign capital is already flocking to Colombia and has been for quite some time, probably as you suggest due to debilitation of the FARC over the past few years. I believe BP has in fact just sold its interest in its Colombian operations.
Whether or not Colombia will continue to boom in the short term of that I'm dubious.
short term is anybody's guess...i do think RE prices in bogota are over the top, so a fall in some things would not surprise me.
but in terms of mineral exploration, i really can't think of many places that look better than colombia right now...and if safety of workers is improved dramatically, it has to be good long term.
I guess you're also a resident?
Real Estate prices are ludicrous and the peso is way overvalued IMO.
The administration is very pro-foreign investment I admit but it must be hard to cut a good deal, I'm no resources boffin, I know Colombia has plenty but surely there are better alternatives?
i'm an ex-resident, not currently there but hoping to go back next year.
i also think the peso is ahead of itself, and RE prices for us foreignors just emphasizes the point, IMO.
Resources are not my area either, i just know that the country is huge, and relatively unexplored due to past safety concerns.
Of course it also has the history of being the location of el dorado, true or not, there are clearly mineral deposits out there.
I don't know of too many countries in the western hemisphere that are as unexplored, so i am quite sure mining companies are drooling at the prospects.
a few canadian miners have already jumped in with both feet, as you so correctly pointed out.
There goes Christmas in Equador.
Time to gobble up all shares on the Ecuadorian stock exchange - if there is one?!?!
Time to gobble up all shares on the Ecuadorian stock exchange - if there is one?!?!
Yes, The Coffee & Llama's.
Must be all that hot foreign exchange money going into Ecuadorian bonds and whatever commodity they have to import most. Well done Ben.
In other news, oil surges towards $80 a barrell again when it should be approx. $40.
I think you mean it should be approx. $140.
No, I mean $40. I apologize as I am discussing in terms of actual supply and demand, and not "liquidity".
We have not had a currency crisis yet, and in that case it would far greater than $140
The only item Ecuador has are the Gallapagos Islands and a place called the center of the earth where one can straddle the equator. However, as one that collects foriegn money when traveling, I can say that the poor folks in Ecuador use the USD. In fact, it is very difficult to find Ecuadorian money at all. USD dollar down means it cost much more to see the turtles.
What's the fun of being a regional power if you can't have proxy wars? Let the games begin!
Ecuador's prior socialist presidents printed so much money that they ended up with hyperinflation. When I lived there, the exchange rate was 25 sucres/dollar. A few years later, it was 30,000 sucres/dollar. So Ecuador simply adopted the Dollar as their official currency! I kid you not!
I wonder what Ecuador will do when the Fed causes hyperinflation HERE in the USA!
Zimbabwe did the same freakin thing.
If the markets end in positive territory on a day like today, I will kneel in front of him and chant I'm not worthy.
Gonna hold you to it!
I have a very rich Ecudorean friend who has a fantasic hacienda overlooking Quito. Thirty years ago, he established a secondary base in Miami, educated all his kids in the US. When in Quito, he maintains a ready-to-go helicopter at his house; he never knows when the peasants will rise up; but he's prepared.
first quito, next indianapolis....
Must be everyone wanted an iPhone 4 but they got Droids instead. Don't worry, Apple will make sure it works out.
http://www.youtube.com/watch?v=FL7yD-0pqZg
they saved pinochet's brain!!!!!!
When the dollar renormalises, Columbians won't be getting quite as much Chinese manufactures for their remittances from their people in America, legal or otherwise.
Correa is a democratically elected president--he didnt take power. Of course, the US regime, Columbia and all other US satellites would be happy to see him go as the Bolivarian revolution led by Chavez actually represents the interests of the mass of people. Reading the US press and the most of the Latin press still owmed and dominated by their elites gives a distorted picture of what is really happening in Latin America. Most US citizens, however well educated, are illiterate when it comes to economics and world affairs.
We are not allowed to study economics and world affairs... that is why we have the Kardahsians, Dancing with the Stars and Deadlest Catch!
Chavez actually represents the interests of the mass of people
Some animals are more equal than others....
don't confuse him with spon-on accurate political satire, silly!!
+1000.
I mean, you'd think amrkns were fed lies about how their gov't. operates in the world or something. . .
what's entertaining is the defense of amrka while simultaneously calling for revolution.
what garbage doust thou speak?
Sure. Americans can't hold a candle to intellectuals like Cristina Fernandez de Kirchner. A forceful orator and glamorous dresser, Fernandez vowed in her inaugural address to Congress to fight poverty and push forward along the economic path carved by her husband...
http://www.reuters.com/article/idUSN1039048720071210
fucking kirchners, they are about as bad as it gets aren't they?
they have been trying to smother criticism (just like chavez) and they actually sent the police to harrass and intimidate the children of the owners of the Clarin media group, just to give you a small taste of the shit they pull.
apparently they just cannot figure out how to spell colombia.
how much time have you spent in LA? I've lived there for years, a lot of that time in colombia.
The uneducated poor in LA still support socialism, but that's about it (of course the so called intellectuals do too, to some extent).
That's one of the things i like best about colombians, even the average beauty queen has contempt for socialism.
Well, socialism gives some people the carrot, and others the stick, so there is no real surprise who its supporters and detractors are. As long as the carrot producing smoke and mirrors continue to function, attitudes in LA will not change.
As soon as that carrot is gone though, all that's left is the stick. Then, just like in Colombia, LA residents will realign their beliefs.
Of course, by then it's too late to do any good for the current generation, as they are beaten into submission.
And now for more important news, Apple will introduce IPad 2 next year. Rally on.
when did goldman open an office in ecuador?
Colombia? How the hell can Columbia get involved? They have the Princeton game on the 2nd......teehee, CB
Ecuador is not like Greece; it is the police and military who are rioting at the equator. Their president, who is an economist, cancelled their bonuses yesterday in an austerity move. Today he had to flee while being bombarded by tear gas canisters. Maybe he should have started with teachers or sanitation workers.
The majority population in Bolivia is made up of the indigenous Inca and mixed blood who are mainly Inca and Spanish. They have been ruled by a minority population made up of European immigrants as well as some mixed blood decendants. As is the case in Mexico and Central and South America, the indigenous populations want political power as well as an improved standard of living. The US has fought every attempt by indigenous populations to retake control of their countries. Corea was the first indigenous person ever to be elected President in all of the Americas. The US has aided the European immigrants in their attempt to retake political control of Bolivia. There will be more civil wars funded by the US as was the case for the last 100 years.
I believe Alejandro Toledo (Peru) was elected before Correa. He was 100% native Peruvian I believe. And he IMPROVED Peru. Correa is wrecking Ecuador like his "papacito" Chavez is wrecking Venezuela, and his "hermano" Evo Morales wrecks Bolivia.
Toledo started his working life as a shoeshine boy! Then went to Harvard.
It's not the ethnicity. It's what they DO. Correa, Morales and Chavez are douchebags because of what they DO.
Can you give me your perspective on how Correa is wrecking the country.
Mostly by fulfulling the mandate he received from the masses and protecting his population from further predation by mulitnational rapists... oh wait that didn't wreck the country, the selling out to said rapists by previous 'bought and paid for' elites did that, my bad.
Heh, Americans that are too thick and/or distracted to see that the exact same procedure employed in SA is being perp'd on themselves make me laugh, albeit sardonically. It's as if they actually believe that aligning themselves with the corporate oligarchy and their rote is their ticket to becoming a member of the "Gang on Fortune Hill", sheesh are they in for a helluva shock.
Regards
Quito has another claim to fame http://en.wikipedia.org/wiki/Our_Lady_of_Good_Success
as does Venezuala http://www.pdtsigns.com/betania.html
It is interesting that the Lady says, "It will start here." (Betania)
http://www.michaeljournal.org/articles.htm
The govt. and President of the country is calling it a coup. This is so that he can get international help to push down the economic problems of the country. Everything went south when the police and military found out that they aren't special and are getting cuts to their benefits. It's funny seeing this, because usually you have the military and police protecting the govt. and president. This time they are using the same tools they use against the regular people against him.
not to mention it's pretty embarrassing to admit your people are rebelling, much better to blame the CIA.
and much more likely to be true if you do.
Guess El Presidente never studied Roman history re: Praetorian Guard.