Thread: Stupid shit in Medellin
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07-12-22 19:48 #4554
Posts: 1643I don't have the patience or gumption to look up this post
Originally Posted by ChuchoLoco [View Original Post]
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07-12-22 19:24 #4553
Posts: 4052I wondered if it is a new STD or tusi variant.
Originally Posted by Surfer500 [View Original Post]
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07-12-22 18:20 #4552
Posts: 3801Originally Posted by JustTK [View Original Post]
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07-12-22 17:51 #4551
Posts: 406Listerine.
Originally Posted by Osteoknot [View Original Post]
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07-12-22 17:24 #4550
Posts: 1822Originally Posted by ContinentalF [View Original Post]
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07-12-22 15:56 #4549
Posts: 684Originally Posted by Elvis2008 [View Original Post]
You swear she wasn't a cheap street-walker in El Centro. OK I'll take your word for this one thing (everything else you say requires verification) but the difference between a street-walker and an escort is really only volume.
I know, I know, you think you've found your own "pretty woman" but from what I hear you're no Richard Gere. More like Chris Farley.
https://www.youtube.com/watch?v=DHGmw7wFe5g
Originally Posted by Elvis2008 [View Original Post]
As to whose sentiment has been right so far? What are you talking about? I live here. As far as I'm concerned a strong dollar / weak peso is just lovely. I don't need the favorable exchange to enjoy a great life here. But it doesn't hurt either jajajaja.
I do think everything will be fine with Petro but that is neither here nor there. The discussion (try stay on topic Elvis) is about what is causing the peso to be so weak vs the dollar. My point is that there are a bunch of factors involved and only a simpleton thinks that it is all about Petro's election.
Originally Posted by Elvis2008 [View Original Post]
Petro's election came this year. So how has the Colombian peso done this year? It has weakened by 13.5% YTD. That is less than the S&P 500 has declined YTD. Oh and BTW since I'm sure you don't really chose to look at things analytically.
Argentina's peso is at an all time low versus the dollar and has weakened by 24.2% YTD.
Chile's peso is at an all time low versus the dollar and has weakened by 20.7% YTD.
Japan's yen is at a 20 year low versus the dollar and has weakened by 18.7% YTD.
The Euro is at a 20 year low versus the dollar and has weakened by 12.6% YTD.
Yes Mexico, Peru and Brazil have not had the same depreciation in their currency. Yet. Which highlights my point. There are a lot of factors involved. It isn't just an election of which you don't approve.
Originally Posted by Elvis2008 [View Original Post]
Originally Posted by Elvis2008 [View Original Post]
Originally Posted by Elvis2008 [View Original Post]
Colombia's equivalent of the Federal Reserve (Banco de la Republica) has raised the Interest rate from 3. 0% to 7. 5% this year. That is much more than the US Federal Reserve has raised rates.
These moves are designed to tighten money supply and stifle inflation. (Colombia's year over year inflation rate is running at around 9. 5% the last few months) But what happens when you raise interest rates? You slow down the economy because it costs more to borrow funds for expansion, acquisitions etc. Our Federal Reserve does the same thing to try to stifle inflation but it often leads to an economic slowdown (for a while). Clearly an economic slowdown in Colombia would cause the peso to devalue vs the US Dollar.
https://countryeconomy.com/key-rates/colombia
Ask your GF, I'm sure she could explain to you all the economic considerations that would factor into a weakening peso.
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07-12-22 00:52 #4548
Posts: 307Originally Posted by Paulie97 [View Original Post]
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07-12-22 00:31 #4547
Posts: 3342Originally Posted by Villainy [View Original Post]
And just so you know, trading is based on sentiment. Whose sentiment has been right so far? Hers or yours dumb ass? You are the one saying everything was going to be fine in Colombia with Gustavo, and the currency there has fallen off a cliff.
Originally Posted by Villainy [View Original Post]
Originally Posted by Villainy [View Original Post]
Originally Posted by Villainy [View Original Post]
Originally Posted by Villainy [View Original Post]
Originally Posted by Villainy [View Original Post]
Originally Posted by Villainy [View Original Post]
Originally Posted by Villainy [View Original Post]
What pol does not run on similar BS? Here is the thing that matters.
Is Gustavo going to fuck up Colombia's oil industry like he said he was going to or leave it alone?
Because if someone is selling Colombian assets and converting them into dollars because they know Gustavo is going to fuck up Colombia's #1 export, then this panic selling of COP is NOT fear driven but completely fucking rational.
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07-11-22 18:03 #4546
Posts: 684Elvis always has his "expert" opinion on every conceivable topic. Of course, logical fallacies, lack of analytical skills, inability to research anything and politicizing everything are the hallmarks of his writings. Let's see if I'm right.
Originally Posted by Elvis2008 [View Original Post]
Originally Posted by Elvis2008 [View Original Post]
https://colombiareports.com/alvaro-uribe/
Originally Posted by Elvis2008 [View Original Post]
Brazil 13.8% drop vs dollar.
Colombia 19.9% drop.
Argentina 12.8% drop.
Chile 21.7% drop.
Japan 10.5% drop.
Euro 8.0% drop.
Britain 9.7% drop.
Peru 5.4% drop.
Mexico 3.5% drop.
I think the pattern is pretty clear. The higher interest rate on US Government securities (Fed raising rates) has made the dollar very strong against almost all of the world's currencies and in addition inflation is having a deleterious effect.
Colombia sends 31% of its exports to the US, while Brazil and Peru both send about 13% to the US. Which probably accounts for some of the lower currency decline.
It reflects something I've said before: There are too many factors affecting currency trading to point at one single thing.
Originally Posted by Elvis2008 [View Original Post]
This is from the source referenced above. Colombia's Constitutional court blunted the "knife through butter" and Uribe was prevented from running for a third term. Apparently Elvis doesn't understand Colombia very well. It isn't the same as Venezuela or Bolivia (or Cuba for that matter). Here is a link for an explanation about Colombia's Constitutional Court, should Elvis want to learn the how this Court works. It probably does a more complete and accurate job than his "GF".
https://www.corteconstitucional.gov.co/english/
Originally Posted by Elvis2008 [View Original Post]
I would note that Petro is a very bright, well-educated man. I'm sure he isn't looking to emulate the policies of failed states. His priorities seem to center around increasing the minimum wage and pensions to a livable level and modernizing the tax code so that the richest citizens pay their fair share.
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07-11-22 05:30 #4545
Posts: 3342Originally Posted by JohnGault [View Original Post]
Viliany's concerns are not reflected by the upper classes my GF runs in. To a person, they are afraid. The day after Gustavo won she texted me and said, "I hope he respects private property."
The former president Uribe is very popular, and she told me the new president Gustavo met with Uribe, and they had a good talk, and that was supposedly reassuring to the higher classes in Colombia per her. Thing is I didn't see the COP go up at all after the meet.
Thing is when you compare the dollar to other currencies in the region you do not see this type of fall. The Brazilian real, Peruvian sol, Mexican peso have not moved at all while Colombia has plummeted. This is a country specific issue and I think it reflects that fear. People are selling Colombian assets and currency to get dollars.
Viliany's lecturing on the law is cute. The laws on the books are very often not enforced. Worse, I have seen Hugo Chavez and Morales of Bolivia cut through Constitutional laws like a knife through butter. Both changed laws such that they could be president for life. The issue to me is not what the law is but how people react when extreme changes are attempted. Are the people going to revolt if this guy is a Chavez want to be?
And I hope this guy Gustavo is not as anti-oil as Biden is. Gustavo campaigned on no more oil drilling. If he is serious about that, COP at 5,000 is a sure thing. Part of the Chavez-Morales hand book is to take over the energy companies and put your people in so there is not a funded opposition against you.
Chavez drove Venezuelan oil production into the ground, and in the five years before Morales took over natural gas production, Bolivia went from 2 billion cubic meters of nat gas to 10. After he took over, production barely moved, and in both countries, there is a ton of nat gas and oil.
Someone will have to explain to me how taking an axe to your most successful export makes sense.
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07-11-22 02:05 #4544
Posts: 2579Eat a big turd and die, do the planet a big favor
Originally Posted by Paulie97 [View Original Post]
You claimed the beef in Colombia is loaded down with fat? Really show me where I said this scumbag.
We then asked for proof that you'd been there, such as a passport entry stamp but it was never forthcoming. You then posted travel photos but a search revealed them as from 2012?
Really? Show us any of this from previous posts oh wait we know you can't you just make shit up you scumbag loser.
You have zero legit criticisms of anything I post so that leaves you to just make up nonsensical bullshit.
You belong in a cell with boneknot and his novia the villain, its dirtbags like you 3 that give mongers a bad name.
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07-11-22 02:01 #4543
Posts: 684Originally Posted by MarquisdeSade1 [View Original Post]
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07-11-22 00:33 #4542
Posts: 2579Punk kid? How old are you granny? 95?
Originally Posted by Villainy [View Original Post]
Don't leave out Russia and Canada LOL while neither is "exotic" Canada had some of the most gorgeous goddess' I've ever done.
Post script why don't you just go hang out with your fellow pederast more (boneknot) we all understand you are his ghislaine maxwell.
We would love to see both of you in the same colombian cell LMAO.
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07-11-22 00:25 #4541
Posts: 2579No need
Originally Posted by Mtndew704 [View Original Post]
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07-10-22 23:55 #4540
Posts: 1680Lol
Originally Posted by Mtndew704 [View Original Post]