Peso Crashes Above $22/$ As Trump Starts

Tyler Durden's picture

Not entirely unexpected as Trump discusses building "big big factories" in America...

 

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BandGap's picture

Taco Bell for lunch it is.

Raffie's picture

NO.. more like GMO Bell.

The food wrappers has less damaging chemicals in them then the food.

It's why I cook most my meals so I know what is in it.

 

My message to Mexico: Just build the damn wall.

abyssinian's picture

hey we can use these useless peso to build that wall. stack them Peso up and form a the Wall!

SHEEPFUKKER's picture

He can bring back all the jobs if the debt doesn't matter. What am I missing?

Maestro Maestro's picture

**Since neither the Mexicans, the Americans, the Russians nor the Europeans can issue their own (national) currencies, none of you are sovereign countries, that is, free peoples. You are all the bankers' willing slaves. The manipulation of gold's price lower, is the principal method used by the bankers to hide this fact in plain sight. If gold is not money (alongside whatever else) than you are a slave, period. Read on.**

Worse than the bankers rigging gold and silver prices and not having the gold they sold you (or selling gold that they don't have via fraudulent COMEX Futures contracts), is the fact that we don't even have MONEY today.  Therefore all financial transactions and economic numbers predicated on the existence of money are FRAUD and FORGERIES currently.

Electronic digits and paper fiat currencies in use today are NOT money, according to the law of the country that issues the reserve currency of the world, the US Dollar (Article 1, Section 10 of the US Constitution); or by the tenets of the science of Economics (i.e., fiat currencies are not money because they are not a store of value nor a unit of account due to the fact that NOT ONE fiat currency's value is determined or stipulated in concrete legal terms).  Dollars and Euros and Yens are not even lawfully DEFINED as to what they are, what their economic worth and transactional value is, hence they cannot constitute the legal foundation of any lawful contract!

(Also, there cannot be either inflation nor deflation in the ABSENCE of money.  Both inflation and deflation are monetary events hence cannot take place where there is literally no money.)

What we have today is massive GLOBAL FRAUD mascarading as a monetary system based on the (fraudulent) US dollar -- all fiat currencies are basically a derivative of the US dollar, including the Euro, the Yen, the Yuan, the Rouble, the Shekel and the Riyal.

Furthermore,

Why do a few people get the right to print fake fiat money out of nothing and buy your goods and  services with it, whereas you have to WORK to obtain the same worthless money created out of nothing?

THAT is the question at the heart of the matter.  That the bankers manipulate interest rates or the price of gold via fraudulent Futures trading (by selling gold that they don't have) with fiat money is a moot point.

To put it differently: why do the bankers get to have anything that they want without working for it and you, you don't?

All this talk about market rigging, monetary theory and fraudulent (paper) gold trading is a cover-up for INJUSTICE.

The US Constitution FORBIDS the use of debt as money; the US Constitution proscribes (debt) notes which is what the US dollar is presently.  Think, all other currencies are just another name for the US Dollar.

What passes for money today is a CRIME, no more no less.

 
People,

you are all aiding and abetting this crime every time you buy, sell or get paid.

And then you ask, Why our leaders, the politicians, the bankers, and our military men and women are EVIL?

The answer is, because YOU are feeding the enemy!

Global Douche's picture

Although you are correct (and upvoted!) I should remind you there is a solution which is manifesting itself. Give it time, Grasshopper! It's called Shanghai and they trade almost exclusively in beautiful, tangible, PHYZZ! ((gong being sounded in the background))

That time is coming, so I continue stacking. The fat lady with the big, big booty is tuning up her vocal chords for her appearance, y'all.

chosen's picture

Fuck Mexico.  Quit exporting all your problems to the US.  You can kiss NAFTA goodbye.  I don't buy Mexican fruit and vegetables.  When I grew up, everyone told me when I went to Mexico, to not eat the fruit and vegetables.  Thanks to the Clintons, the Mexicans now put them in our supermarkets.  Buy American-grown fruit and vegetables. 

I have a friend who used to work in construction, a white American.  He said he cannot get a job in construction since all construction jobs are now taken by illegal Mexicans.   Emergency rooms are closing because these illegals use them for free, which means we pay for them.   Do not hire Mexicans.  Fuck them, they need to go back to Mexico and work to make it a decent place to live so they don't have to move here illegally and take our jobs.

Finally, fuck Mexico.

SmittyinLA's picture

Wouldn't mass deportations (growth) be bullish for the Peso, Mexican rents, lower wages, higher profits for corporate Mexico?

Hedge funds hiring strategists?

SpanishGoop's picture

First of the hurdles to take "they have to actually work" (for a peso).

 

SpanishGoop's picture

Really, a Peso ?

Everything more than 1 dollarcent is overvalued.

More of that kind of paper floating around.

 

Bank_sters's picture

Obamas brown dream is failing...