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The Mexican Peso & Brazilian Real Are Collapsing
Back over 15 / USD for the first time since March 2009, the Mexican Peso is tumbling hard this morning... and the Brazilian Real is also tanking (back near 10-year lows) - no clear catalyst aside from further weakness in oil producer and EM FX sentiment.
Peso under pressure
Back to March 2009 lows..
And the Real is close behind (back near 10 year lows)
As Oil Producers FX rates push to new cycle (or record) lows...
Charts: Bloomberg
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not that long ago the IMF proudly declared the Mexican Peso as one of the best managed currencies of the world
and what do the best central banks of the world? engage in currency war
Ghordo -
Should Mexico, the US and Canada share a currency for the sole reason of preventing the Mexican Peso from getting "shaken like a rat by a terrier"?
2015 AND 2016 COLLAPSE TIMELINE
Time to be adding to our stack d'argent, as this could be the final fire sale.
Ah..back to cheap Mexican donkey shows......love dem tatttaers
I am considering an Au purchase today.
Derivative Explosion AndDeflation Implosion
More Si notes, Senor.
https://www.youtube.com/watch?v=O9s8U0O0XPE
why should I, as a foreigner, suggest such thing? in my eyes, it smacks of a certain kind of imperialism
the whole point of the eurozoners banding together was to somewhat insulate their currency zone's economies from the tides of the Mighty Dollar
a shared currency zone with the global reserve currency? wouldn't that be about the same as switching to the dollar without having it's advantages? the process called dollarization?
I have no clue why Mexicans or Canadians should ever come to such a conclusion. Nevertheless, it's their currencies, aren't they?
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you probably remember that I predicted it could become a bit rough, for small and medium sized currencies at a later stage of this currency war. the question is what is driving this move, and I don't look much at the Americas in general so can't say much about this, except that it fits my predicted pattern
NICE JOB!
Now pay for your own defense next time.
I mean negative rates in Denmark?
THAT my friend is serious cowbell!
Ah come on! We can solve this easily. End the Dollar. End the Euro. It is time for the only reaaal currency - the "Ameuro"! See, problems solved. And who needs Gold again? Lunacy! You can question the existence of God, but thou shall never question the authority of the almighty Central Wankers.
Brought to you by:
http://www.answers.com/Q/What_is_the_ameuro
"Now pay for your own defense next time" - are you demobilizing? don't you worry, we pay. oh, boy, you don't seem to know how much we paid and still pay
"we paid"
Expand upon this thought.
Lower airfares. More buying power in Mexico. This gringo is considering a nice long luxury getaway. How do I politely ask if the resort is well guarded and surrounded by walls?
Puedo cojer con su mama?
How much for the women? I want to buy your women...
Any gringo that steps one foot south of the border deserves what they get. Mexico and central America are lawless states run by narco-terrorists. I chuckle inside when I see expats saying that the water is warm come on in guys down in their villas south of the border. The water is fine alright. Right until it isn't and the natives are banging on the door.
Some areas I would agree. However some areas are not that way. Cheap land is an insurance policy if the ECB cards fail. Then the USSA will be no better and might even be worse.
Baja has marine check-points everywhere and the federale in between. Some cartel people have been arrested there but I have never felt in danger and I go there every year. La Paz is better than Cabo that has more tourists and more punk criminals. The murder rate in Baja is lower than L.A., on a per capita basis.
I've never felt unsafe in Cabo. There are military check points entering into San Jose from the airport and on the way to Torre de Santos (only highway in and out) and as gunships floating in the sea of cortez. Albeit the Lucans need to rebuild from the last hurricane hit before I visit there again.
I've owned property in Mexico for 35 year with no serious problems. I think the bandidos are in the USA.
I've owned property in Mexico for 35 year with no serious problems. I think the bandidos are in the USA.
The above posters are correct, Mexico is much less dangerous than many people in the US imagine. I have driven extensively in all parts of Mexico and had no problems with violence
Fred Reed is an American living in Mexico.He has posted a lot of stuff on Lew Rockwell.com
He recently posted an article entitled: Realty Check Mexico
worth reading
http://tinyurl.com/laz7hev
I've owned property in Mexico for 35 year with no serious problems. I think the bandidos are in the USA.
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The exception doesn't make the rule. Statistics are averages over large populations.
The Mexinvasion is real. Bandidos are on both sides of border. The worst bandits are those who hide behind the money and pervert law to their rent seeking ends. This then creates a subordinated Mexico.
Consider, Mexico has fisheries, productive land, natural resources. It should be one of the richest countries in the world.
By not extracting wealth via efficient labor and use of natural resources, then a people will become poor.
.
The Difference between IGNORANCE and STUPIDITY is that the former is Curable upon Application and Effort; while the Latter is a STATE OF BEING, rarely cured.
Like the US would like to protect the MXN. Why would they?
The US somewhat controls the inflow of illegal immigrants, for which earing in USD allows to support their families in MXN.
Equality is not where the profits of the relationship between Mexico and the US come from.
I had a horrible nightmare last night. An ISIS sleeper cell had kidnapped Greenspan, Bernancke, and Yellen and had them kneeling in the California desert wearing orange jumpsuits. They demanded the US raise interest rates or they would decapitate one each day.
Thank God it was not real. Imagine the three architecs of American prosperity and exceptionalism being beheaded by savages.
That is a nightmare, I wouldn't want the sacred ground of Burning Man to be polluted.
WTF, a Burner on ZH. lol
everything is collapsing
Except bonds.
Just wait....
alriiiiight, my flautas imports just got cheaper, mayne.
+1 for "mayne".
Great. This will just drive more Mexitrash onto our welfare rolls.
moar wetbacks
BTFW?
There goes my tequila and cheap pussy.
No, its getting cheaper.....just saying. The tequila I am not sure about.
<== Yo Gubbmint cheese
<== NACHO cheese!
Jim Willie predictions seems to come true...
marijuana exports from Mexico are in decline
more likely,
oil producing revenues down
US west coast high quality MJ production way way up.
"Brickweed? We doan need no steeking brickweed."
With the amount of grief that the Brazilians give me in BF4, I applaud this.
The Danse Macabre of the currencies continues.
Yeah this is pretty ugly.
Starting to look like 1983 more than 1984 actually.
Lotta silver in Mexico.
Lotta military on that border too.
Long Walmex.
Hugo Salinas Price has been wanting to put Mexico on a silver standard. Maybe he'll soon get his way.
http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=257
regarding Hugh Salinas Price:
a very interesting man, he flew out to Greece a year or so back with Max Keiser on his own private jet to talk to the Greeks about a new silver standard. This is his latest piece on the Global central bankers and money printing called
Folly Triumphant
http://tinyurl.com/o4qu95k
Just come on over to mehico norte! A quick wade across the Rio and you too can work for cash, suck up free benefits, and modify your very own 20 year old Honda Civic with primer, wings, and such. You can even operate it burracho muchacho!
America, land of the free if you aren't el citizen.
We Peña-Nieto'ed some folks.
The fucking asinine central bankers are going to fuck the whole damn world over before this is done, and people are too stupid to grasp this fact. Maybe they'll figure out when they have to start digging mass graves. Well, I guess there won't be any graves if everybody is vaporized.
Bankers wont have any more debt once they unleash nuclear fire....problem is how long can they hide.
Under Pressure?!?! I love Vanilla Ice!!!
He didn't compose that! ;)
Canada has recently monitized silver coin with the decision to force banks to accept silver coin at face value. $20 for $20 program values silver at $80 per ounce.
So...now I can afford a Gisele Bündchen?
Offshore yuan tumbled too.
Banks no longer need deposits, governments no longer need taxes. Sum ting won.
"The Mexican Peso & Brazilian Real Are Collapsing"
Or divergence from USD is accelerating...
Specualtive blow off top.
Same thing happened in the 90's. Huge move higher in all asset classes followed by even the worthless gringo buck.
Perfect set up for what is called an, ahem.."bull market correction."
I think equities dropped 40% in 1998 before they would rise another 125% in 1999.
"Free money" for lack of a better term.
Oligarchy leads to Mexinvasion:
The mechanism:
1)
Make dollar the reserve currency of the world.
2)
Petrodollar standard 1973, Kissinger (J) agreement with Saudi forces all petrodollars into western markets and western dollar banks. Saudis agree and hence their "coup" salafi government is given sanction.
3)
Dollar loans are given to Mexican leaders.
Said Mexican glorious leaders spend dollars on overseas goods or use it for bribes. Note: these are credit dollars created at private banks affiliated with wall -street and private money powers.
4)
Dollars leave the economy, yet the debt hook is hung on the entire Mexican population.
5)
Debt instrument grows with usury and wants to be satisfied with dollars, as it was a dollar loan.
6)
The future comes and former dollars are not available in supply. They were spent on non-production and left the local economy.
7)
Debt instruments demand to be paid and Mexico is coerced to lower the exchange rate.
Lowered peso exchange rate is a desperate attempt to grab dollars out of world money supply to then pay dollar debts.
8)
Insiders get a scoop on future exchange rate moves, and get ready with shorts. The action of shorting actually causes the currency to break downward with self-reinforcing feedback.
9)
Insiders become oligarchs and the country becomes owned by foreign creditors. Those who have dollars or can create dollars buy up the country cheap.
10)
Mexico then becomes a feudal oligarchy, where land and means of production are owned by a few.
11)
Mexican labor is forced to leave the country, and head to El Norte. This causes a Mexinvasion in the U.S.
12)
Mexinvasion gets sanction due to U.S. 1965 immigration act. Said act was written by, funded by, and passed into law by the same private money powers of previous steps. These same money powers are strongly Zionist, and before that World Government (Kaballah/ Jewish), along with their shabbas goy and disinfo agents e.g. sayanim.
Money should not trade for money. Keynes was right with his Bancor. Debts should not point outside of your law. Debts denominated in a foreign currency -, by definition – are outside of law. Of course, or international friends will never admit to this reality – they win by taking rents on populations via debt and usury mechanisms, which in turn creates a landless peasant class.
The ruble is getting ass-raped again today: far worse then the Peso. I can get 70 rubles for one U.S. dollar? Fuck the oil part, remember that Russians like mining as well and carry low amounts of debt.
¡Oro, putas!
(Gold, bitchez!)
It's probably punishment for allowing Max Kaiser and RT into Mexico :)