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Post by scumbuster on Aug 9, 2018 9:29:13 GMT -5
The rate is up to 2920 as of now. If it holds all day it may be a good time to take some funds. It seems to be hanging between 2850 and 2950 lately.
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Post by sedelen on Aug 9, 2018 11:39:14 GMT -5
I'm thinking of taking advantage of this.
Today.
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Post by caliorbust on Aug 10, 2018 7:04:46 GMT -5
I would wait as tremendous financial problems are brewing in Europe, especially for Spanish and French banks do to the free-fall of the Turkish lira against the USD. That event will lower the value of the Euro, already under US$1.15 today from a high of $1.25 earlier this year and will increase the value of the US dollar. Sure would like to hear Robbie's opinion on this. Claire Jones in Frankfurt, Ayla Jean Yackley in Istanbul and Martin Arnold in London 43 minutes ago The Turkish lira tumbled nearly 12 per cent against the dollar as concern over Europe’s exposure to its recent fall overshadowed promises by the Turkish government to bolster the economy. The currency fell to all-time low beyond TL6 per dollar on Friday morning after sinking more than 5 per cent overnight. It later rallied to TL5.97 but was still down more than 35 per cent in the year to date. The fall ricocheted into Turkey’s bond market, sending the yield on the local currency 10-year bond above 20 per cent. “We won’t lose the economic war,” Turkey’s president Recep Tayyip Erdogan said on Friday, in comments widely quoted in the country’s media. On Thursday night, he told supporters not to pay heed to “various campaigns” under way against Turkey. “If they have dollars, we have our people, our righteousness and our Allah,” he said. The lira’s drop came amid increased concerns from the eurozone’s chief financial watchdog about the exposure of some of the currency area’s biggest lenders to Turkey — chiefly BBVA, UniCredit and BNP Paribas. In line with the currency’s decline, the Single Supervisory Mechanism — the wing of the European Central Bank set up to monitor the activity of the region’s biggest banks — has over the past couple of months begun to look more closely at European lenders’ links with Turkey. It does not yet view the situation as critical. But it sees Spain’s BBVA, Italy’s UniCredit and France’s BNP Paribas, which all have significant operations in Turkey, as particularly exposed, according to two people familiar with the matter. Berat Albayrak, the finance minister, is due to unveil “a new economic model” on Friday, outlining steps to reduce debt, the budget deficit and the large current account gap. Other emerging market currencies were moving lower on Friday morning, raising concerns of contagion from the Turkish crisis. The Polish zloty is down 1 per cent, while the South African rand is off 0.4 per cent. Meanwhile, the euro is off 0.7 per cent, as the US dollar continues its rally to trade 0.5 per cent higher against a basket of peers. Europe’s banks opened on Friday under pressure. The Euro Stoxx Banks index dropped 0.5 per cent in early trading, with BBVA, UniCredit and BNP Paribas among those drawing most scrutiny. Shares in BBVA, UniCredit and BNP Paribas were all down more than 3 per cent on Friday morning. The ECB is concerned about the risk that Turkish borrowers might not be hedged against the lira’s weakness and begin to default on foreign currency loans, which make up about 40 per cent of the Turkish banking sector’s assets. The lira’s slide against the dollar has also left local banks exposed due to the scale of foreign currency borrowing in Turkey. Analysts at Goldman Sachs said in a note this week that a depreciation in the lira to TL7.1 against the dollar “could largely erode banks’ excess capital”. Charles Robertson, chief economist for emerging markets-focused Renaissance Capital, said: “The markets have lost confidence in the triumvirate of President Erdogan, his son-in-law as finance minister and the [central bank’s] ability to act as it needs to.” Jane Foley, head of foreign exchange strategy at Rabobank, said Mr Erdogan’s “defiant” comments on Thursday night “had reduced the markets’ hope” that the Turkish government is willing to tighten monetary policy or begin economic reform. “The market in this respect is a force of nature,” she said. “Turkey has a very large current account deficit, which makes Turkey vulnerable to the whims of international savers”. The Turkish finance ministry said on Thursday that the banking sector was protected by its robust capital structure and balance sheets. “Contrary to the speculative statements being made in the market about our banks and our companies, our regulatory institutions do not see a problem posed by the exchange rate or liquidity risks,” it said. Turbulent times for the Turkish lira The proportion of the Turkish sector’s balance sheet represented by non-performing loans remains low at 3 per cent. But Moody’s, the rating agency, said recently that it expected bad debt to rise as economic pressures mount. Highlighting debts in the state banking sector, Katalin Gingold, a managing director at Cartica, an emerging markets hedge fund, said: “We think there are a lot of hidden problems in the banking system.” According to cross-border banking statistics from the Bank for International Settlements, local lenders, including foreign-owned subsidiaries, have dollar claims worth $148bn, up from $36bn in 2006 and euro claims worth $110bn. Spanish banks are owed $83.3bn by Turkish borrowers, French banks are owed $38.4bn and Italian lenders $17bn in a mix of local and foreign currencies. Banks’ Turkish subsidiaries tend to lend in local currency. BBVA, UniCredit and BNP Paribas all declined to comment on the ECB’s concerns, as did the ECB itself. Recommended Explainer Turkish economy Turkey’s options to stop the lira’s fall Carlos Torres Vila, chief executive of BBVA, which owns just under half of Turkey’s Garanti Bank, said last month that the group was “really very, very well prepared for the situation”. He said the bank had reduced the weight of its foreign currency loan portfolio and increased the weight of inflation-linked instruments. This week, analysts asked UniCredit whether it would need to write down its €2.5bn investment in its 40.9 per cent holding in Turkey’s Yapi Kredi, after the lira’s depreciation dragged the stake’s market value down to €1.15bn. UniCredit responded that Yapi Kredi’s underlying performance was good and the foreign exchange impact would be absorbed by its own reserves. But Goldman analysts said this week that they viewed “Yapi Kredi as the weakest positioned of Turkey’s biggest banks” in terms of capitalisation. BNP Paribas holds 72.5 per cent of retail bank TEB. One person close to the French lender said its exposure to Turkey was “very limited” at close to 2 per cent of overall group commitments. The person added that TEB represented about 80 per cent of BNP’s commitments in the country and was funded through local deposits and equity. The French bank’s sovereign exposure to Turkey is €1.1bn, primarily through TEB. Analysts at Autonomous, a research group, estimated it would cost BBVA 13 per cent of its tangible book value in writedowns and lost profits to walk away from its Turkish investment and “hand back the keys to Mr Erdogan”. They said such a step would cost Dutch bank ING 9 per cent of its tangible book value, UniCredit 8 per cent and BNP Paribas 3 per cent.
CIA has a department called Covert Financial Division(CFD). CFD has a substantial budget which it has accumulated over the years. This division acts like a hedge fund with a difference. It has in its possession a huge amount of insider information which it collects either through espionage or from the US government. As well as sabotaging hostile governments, CFD also teaches wayward allies a lesson or two whenever required. The Turkish Lira is not going to collapse because Erdogan will call Trump and beg for mercy at which point CFD will cease to short the Turkish currency and make billions in the process. Don't know why I am sharing confidential information but there you go! (a reader comment)
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Post by sedelen on Aug 10, 2018 12:08:13 GMT -5
2,942 and change, hasn't been this high since June 28. Big jump today.
I'm buying, but I always do, at whatever the prevailing rate is, but when rates are more favorable I always tend to by more.
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Post by robbierobnj on Aug 10, 2018 14:17:25 GMT -5
I like the dollar to strengthen I have for years. People need to understand you would only invest in emerging market currency if the US INT. rate was falling. There is no real reason to take the risk of Emerging Currencies when you can get 3,4 maybe even 5% in the US over the next few years. The dollar is King and will be for quite sometime at least anyone on this forums life time. I also would like to say I have not commented on the dating in Colombia thread contrary to popular beliefs. I really prefer to stick to the weakening peso and the over priced realty Hookers are not my thing. Best of luck and how about APPLE sure beats any realty in Colombia
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Post by scumbuster on Aug 10, 2018 22:24:53 GMT -5
Trump's trade war could evolve into a 'damaging' currency war If U.S. President Donald Trump is unable to bring China to submission with tariffs, it’s possible and “highly likely” his administration would launch a currency war, experts tell Yahoo Finance.Having already placed tariffs on $34 billion worth of Chinese goods exported to the U.S. and threatening to add tariffs to at least $400 billion more, some currency analysts believe Trump could move to devalue the dollar in a bid to further punish China and help U.S. companies gain an edge.“As this lingers on and we keep increasing the level of tariffs where we get to a point where it really escalates I think it’s highly likely that the U.S. Treasury would then move to devalue the dollar and use it as a tool in this war,” said Keith Bliss, executive director of DriveWealth in New York. “Let’s be candid here,” Bliss added. “There’s no telling what this administration will do from a policy standpoint and they’re not afraid to do it, despite what the rest of the world may think.” J.P. Morgan Chief Economist Michael Feroli said that while it’s not his base case, he and his team “cannot rule out a turn toward a more interventionist currency policy, particularly since the current Administration has, at times, hinted at a preference for dollar weakness or objected to perceived Chinese currency manipulation.”Unintended consequences That could be a major problem, not just for China and the United States, but the rest of the world as well. “This policy would raise market uncertainty and could provoke countermeasures from the Chinese that, in turn, increase the risk of unintended consequences seriously damaging global trade and financial markets,” Feroli wrote in a note to clients. He said he expects the U.S. Federal Reserve would go along with directives to weaken the currency. Intervening in currency markets would be a breach of a long-held pact between the U.S. and other countries around the world. The push for that agreement was led by the United States, so violating it would be a major blow to U.S. credibility, analysts say. “I don’t know if even Trump has really thought about doing that or what the consequences would be but I think it would be a very big deal,” said John Doyle, vice president of dealing and trading at Tempus Inc in Washington. “You can’t really point the finger at China and say ‘You’re a currency manipulator,’ if you’re literally doing it at that moment.” ‘Trump is a very reactive actor’ It also is largely without precedent for a U.S. leader to unilaterally weaken the dollar in such a way.Further, argues Shaun Osborne, currency strategist at Scotia Bank in Toronto, the administration doesn’t need to intervene directly – by selling dollars for Treasury securities to increase the supply on the market and therefore lower their value – to reduce the dollar’s value. “With this administration you never say never but I don’t really see the point of utilizing reserves in that way,” Osbourne told Yahoo Finance. “I think it would be a last resort and I don’t really see what good it would do, particularly at a time when the Fed is raising interest rates … that probably wouldn’t have that much effect.” With the U.S. economy growing strongly there’s little reason to devalue the dollar, strategists say. But if the economy were to turn, a currency war is a definite possibility.“Trump is a very reactive actor,” said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York. “He’ll make a lot of different outrageous claims but really won’t do anything until and unless there’s serious economic distress. Then all bets are off because he’ll be like a trapped animal.” www.yahoo.com/finance/news/trumps-trade-war-evolve-damaging-currency-war-171019174.html
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Post by caliorbust on Aug 10, 2018 23:56:03 GMT -5
Yahoo is very much anti-Trump and will say anything to hurt him. I would take this article with a grain of salt.
Besides, the Chinese will try anything to avoid the value of the dollar being lowered so they won't be repaid our substantial foreign debt they hold with a weaker dollar. The same goes for Japan.
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Post by james on Aug 11, 2018 16:23:29 GMT -5
Yahoo is very much anti-Trump and will say anything to hurt him. I would take this article with a grain of salt.
Besides, the Chinese will try anything to avoid the value of the dollar being lowered so they won't be repaid our substantial foreign debt they hold with a weaker dollar. The same goes for Japan.
Same goes for Google News. Wherever they post an article favoring something Trump has said or done, there is always a caveat. The only other time I have seen the media bash the president so hard was when Jimmy Carter was in the White House. - JAMES
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Post by sedelen on Aug 11, 2018 19:52:36 GMT -5
Yahoo is very much anti-Trump and will say anything to hurt him. I would take this article with a grain of salt.
Besides, the Chinese will try anything to avoid the value of the dollar being lowered so they won't be repaid our substantial foreign debt they hold with a weaker dollar. The same goes for Japan.
Same goes for Google News. Wherever they post an article favoring something Trump has said or done, there is always a caveat. The only other time I have seen the media bash the president so hard was when Jimmy Carter was in the White House. - JAMES Everyone bashed Carter, it was a favorite national pastime! I still remember Iran kept the American Embassy hostages until Reagan took office. I remember reading an article about Carter being a Naval submarine student, and his instructor said he was the most worthless student he ever had, had no discipline. Of course his brother, remember, "Billy Beer?" didn't help. Also, I remember the bumper sticker about the Panama Canal, "Keep the Canal, give Carter away!" Remember the Reagan Carter debate, "There you go again!"
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Post by jafo19d on Aug 12, 2018 2:59:48 GMT -5
Same goes for Google News. Wherever they post an article favoring something Trump has said or done, there is always a caveat. The only other time I have seen the media bash the president so hard was when Jimmy Carter was in the White House. - JAMES Everyone bashed Carter, it was a favorite national pastime! I still remember Iran kept the American Embassy hostages until Reagan took office. I remember reading an article about Carter being a Naval submarine student, and his instructor said he was the most worthless student he ever had, had no discipline. Of course his brother, remember, "Billy Beer?" didn't help. Also, I remember the bumper sticker about the Panama Canal, "Keep the Canal, give Carter away!" Remember the Reagan Carter debate, "There you go again!" Carter was an awful president but even though I don’t agree with his politics I think he’s a real decent person. I always thought that Obama was the worst prez since Carter but Trump has taken that honor.
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Post by scumbuster on Aug 12, 2018 8:37:59 GMT -5
Carter was an awful president but even though I don’t agree with his politics I think he’s a real decent person. I always thought that Obama was the worst prez since Carter but Trump has taken that honor. I always feel the need to preface any perceived defence of Trump by the fact, I vote Libertarian and didn't vote for Trump or Clinton. But worse than Obama? In what way do you think Trump is worse than Obama? Being a politician? Because in just economic performance he blows Obama out of the water. Race relations under Trump are not great but Obama put race relations back 20 years. Unemployment is at unheard of lows. Wages after years of stagnation are rising. Lowered taxes. Any one of these makes him better than Obama in my eyes. Sure he isn't a smooth talker like Obama. He is crass and belligerent. But he is getting things done. He probably has already kept more campaign promises in the last 1.5 years than Obama did in his 8 years. The way I see it is the only reason everyone hates him so much is because the news feeds the public a 24/7 diet of how bad trump is. If he was a smooth talker like Obama, just that alone would change a lot of perception in the country. On trade I worry about where this is going with the tarifs. But I am also torn on it, because as stated on another thread, China has been screwing the US on trade for years and it will never end if someone doesn't put their foot down. And let's face it, no other candidate in the last 20 years has had the balls to stand up to China. And if Trump is voted out in 2 more years or doesn't run, you can bet that things will go right back to how they were. He has succeeded in shaking up the establishment which was badly needed. It's hard to argue with success, but many still try. BTW.. I would never vote Democratic. Now especially with the socialist bent they seem to be embracing. I am fed up with the Republicans lack of fiscal responsibility and overbearing social policies. I am sick of all the promises that republicans make about fiscal responsibility when they are out of power and when they get power they are every bit as bad as the Dems. I dont think I will ever vote for either again unless there would be a drastic change in behavior.
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Post by jafo19d on Aug 13, 2018 5:50:56 GMT -5
Carter was an awful president but even though I don’t agree with his politics I think he’s a real decent person. I always thought that Obama was the worst prez since Carter but Trump has taken that honor. I always feel the need to preface any perceived defence of Trump by the fact, I vote Libertarian and didn't vote for Trump or Clinton. But worse than Obama? In what way do you think Trump is worse than Obama? Being a politician? Because in just economic performance he blows Obama out of the water. Race relations under Trump are not great but Obama put race relations back 20 years. Unemployment is at unheard of lows. Wages after years of stagnation are rising. Lowered taxes. Any one of these makes him better than Obama in my eyes. Sure he isn't a smooth talker like Obama. He is crass and belligerent. But he is getting things done. He probably has already kept more campaign promises in the last 1.5 years than Obama did in his 8 years. The way I see it is the only reason everyone hates him so much is because the news feeds the public a 24/7 diet of how bad trump is. If he was a smooth talker like Obama, just that alone would change a lot of perception in the country. On trade I worry about where this is going with the tarifs. But I am also torn on it, because as stated on another thread, China has been screwing the US on trade for years and it will never end if someone doesn't put their foot down. And let's face it, no other candidate in the last 20 years has had the balls to stand up to China. And if Trump is voted out in 2 more years or doesn't run, you can bet that things will go right back to how they were. He has succeeded in shaking up the establishment which was badly needed. It's hard to argue with success, but many still try. BTW.. I would never vote Democratic. Now especially with the socialist bent they seem to be embracing. I am fed up with the Republicans lack of fiscal responsibility and overbearing social policies. I am sick of all the promises that republicans make about fiscal responsibility when they are out of power and when they get power they are every bit as bad as the Dems. I dont think I will ever vote for either again unless there would be a drastic change in behavior. On paper I’d be a Trumpster. I agree on what he’s doing on immigration (although I believe he’s racist), China, N. Korea (even though it failed), and the economy but I think he is stupid, immature and worst of all a bad human being. There’s a test that I’ve used to judge everyone, civilian and military. I ask myself if I someone else was wounded on the battlefield would this person risk his/her life to save me or someone else? I can’t picture Trump risking his life to even save one of his kids. I don’t think even his supporters can picture that. Another test I use is who would I like to have dinner with? I don’t even have to agree with the person in order to want to have dinner with him/her. Just have to find this person interesting. I disageed with Obama on just about everything but I’d bet that a dinner conversation with him would be intellectually interesting. The only way that I’d think that dinner with Trump would be interesting is to see the extent of his stupidity and vile character. Finally comes Ttump’s pettiness. I have never seen a US president whine and **** and take things so personally. It’s downright dangerous.
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Post by scumbuster on Aug 13, 2018 8:42:45 GMT -5
I always feel the need to preface any perceived defence of Trump by the fact, I vote Libertarian and didn't vote for Trump or Clinton. But worse than Obama? In what way do you think Trump is worse than Obama? Being a politician? Because in just economic performance he blows Obama out of the water. Race relations under Trump are not great but Obama put race relations back 20 years. Unemployment is at unheard of lows. Wages after years of stagnation are rising. Lowered taxes. Any one of these makes him better than Obama in my eyes. Sure he isn't a smooth talker like Obama. He is crass and belligerent. But he is getting things done. He probably has already kept more campaign promises in the last 1.5 years than Obama did in his 8 years. The way I see it is the only reason everyone hates him so much is because the news feeds the public a 24/7 diet of how bad trump is. If he was a smooth talker like Obama, just that alone would change a lot of perception in the country. On trade I worry about where this is going with the tarifs. But I am also torn on it, because as stated on another thread, China has been screwing the US on trade for years and it will never end if someone doesn't put their foot down. And let's face it, no other candidate in the last 20 years has had the balls to stand up to China. And if Trump is voted out in 2 more years or doesn't run, you can bet that things will go right back to how they were. He has succeeded in shaking up the establishment which was badly needed. It's hard to argue with success, but many still try. BTW.. I would never vote Democratic. Now especially with the socialist bent they seem to be embracing. I am fed up with the Republicans lack of fiscal responsibility and overbearing social policies. I am sick of all the promises that republicans make about fiscal responsibility when they are out of power and when they get power they are every bit as bad as the Dems. I dont think I will ever vote for either again unless there would be a drastic change in behavior. On paper I’d be a Trumpster. I agree on what he’s doing on immigration (although I believe he’s racist), China, N. Korea (even though it failed), and the economy but I think he is stupid, immature and worst of all a bad human being. There’s a test that I’ve used to judge everyone, civilian and military. I ask myself if I someone else was wounded on the battlefield would this person risk his/her life to save me or someone else? I can’t picture Trump risking his life to even save one of his kids. I don’t think even his supporters can picture that. Another test I use is who would I like to have dinner with? I don’t even have to agree with the person in order to want to have dinner with him/her. Just have to find this person interesting. I disageed with Obama on just about everything but I’d bet that a dinner conversation with him would be intellectually interesting. The only way that I’d think that dinner with Trump would be interesting is to see the extent of his stupidity and vile character. Finally comes Ttump’s pettiness. I have never seen a US president whine and **** and take things so personally. It’s downright dangerous. A good response. A couple things I want to comment on in there. I ask myself if I someone else was wounded on the battlefield would this person risk his/her life to save me or someone else? I can’t picture Trump risking his life to even save one of his kids.First, that's a pretty subjective statement. I dont in fact know if its true or not. But in the bigger picture, starting after Eisenhower, there is probably only one or two I could say with confidence (in 60 years) that would risk their life to save another on the battlefield. Those would be Kenedy, Bush 1 (yes) and maybe Bush 2. I would hope more, but I wouldn't bet on many. But, remember your comparing Trump to the other choice, Hillary. Do you think She would risk her life? Where was she when the call came in at 2:00 AM from Benghazi? She basically thought they were expendable. Its easy to be critical of Trump in a vacuum, But you have to remember everything in context to (would Hillary be better)? But in the larger picture I guess you want a hero to run the country? You look back and hear some of the historians stories of past presidents and they were real snakes. I think many would put Trump to shame. I feel anyone that can actually achieve the presidency is a very flawed person in many ways. Unfortunately in the US, voting for president has become a popularity contest. And most times its won by the person telling the most lies and promising the most people most benefits. They are not telling us what the country needs and how to fix it. They are promising some groups free college. Others free healthcare. Military contractors more military sales. Bankers more protections if they f*#k up and lose money. They have a lie for every group. But none of it has to do with how to fix problems. A tough problem they will go out of there way to not talk about. How many years has it been since a candidate mentioned and solution to fix SS or Medicare? The 2 biggest drivers of the US debt. When was the last time any politician paid anything but lip service to the national debt? Oh... And I guess I almost forgot.. So does that mean you think Hillary would have been a better president, or can I lure you to vote Libertarian in the future? If Hillary would have been president can you imagine where we might be? Do you think she was any less a lier? More honorable than Trump? I am sure she wouldn't have lowered taxes on individuals and probably raised taxes on businesses. She was definitely more of a war monger than Trump and she could care less for the lives of the military as exampled by Benghazi. We would now be 10 years into a stagnant economy. I guess the main thing I will give Trump credit for is that he is doing what he said he would do to run the country. The things he lies about really are meaningless to me over how he is running the country, because I dont care who he slept with or how many people attended the inauguration. I think you would be hard pressed to find a president that lied less than Trump on campaign promises. What he promised campaigning he is trying to do. Remember, Like if you like your healthcare you can keep your healthcare. The lies about the deal with Iran. I could go on and on. Oh.. And would you really have wanted to have a dinner with Hillary? Yea, Trump is an ahole.. but he is our ahole and I truly believe he is trying to do what's best for the US. You may not like how he does it, but he has been quite effective at doing it. I can agree with you on most of the personal flaws he has, but I also take that into context with him being the most hated candidate in our lifetime and the press piling on him 24/7 trying to turn the country against him. He is fighting fire with fire on that front. Let's face it, the news media always slants the coverage to favor the Democrat. Look at Poor Mitt Romney and John McCain. Not talking about their policies... But probably 2 of the more honorable people that in recent history that ran for president. (as politicians go) . And the press slammed them in favor of Obama. Those were 2 men that had a vision for America and how to fix it and the press fawned over a community organizer who (in my opinion is a racist at least as much as Trump) If Trump didn't fight the fight he did, the way he did, he wouldn't be president now. It's easy to be anti Trump in a vacuum, but your comparing to Hillary. As for having dinner with someone. Its not Obama or Trump... Its Hillary or Trump.. I can't imagine having dinner with either... But I think conversation with Trump would be more interesting and he would be more down to earth than Hillary. But I dont think I will ever have the chance to know.. LOL Dinner with Obama.. I will pass. I think he is just a smooth talker that tells people what they want to hear.
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Post by Deleted on Aug 13, 2018 11:54:24 GMT -5
I always feel the need to preface any perceived defence of Trump by the fact, I vote Libertarian and didn't vote for Trump or Clinton. But worse than Obama? In what way do you think Trump is worse than Obama? Being a politician? Because in just economic performance he blows Obama out of the water. Race relations under Trump are not great but Obama put race relations back 20 years. Unemployment is at unheard of lows. Wages after years of stagnation are rising. Lowered taxes. Any one of these makes him better than Obama in my eyes. Sure he isn't a smooth talker like Obama. He is crass and belligerent. But he is getting things done. He probably has already kept more campaign promises in the last 1.5 years than Obama did in his 8 years. The way I see it is the only reason everyone hates him so much is because the news feeds the public a 24/7 diet of how bad trump is. If he was a smooth talker like Obama, just that alone would change a lot of perception in the country. On trade I worry about where this is going with the tarifs. But I am also torn on it, because as stated on another thread, China has been screwing the US on trade for years and it will never end if someone doesn't put their foot down. And let's face it, no other candidate in the last 20 years has had the balls to stand up to China. And if Trump is voted out in 2 more years or doesn't run, you can bet that things will go right back to how they were. He has succeeded in shaking up the establishment which was badly needed. It's hard to argue with success, but many still try. BTW.. I would never vote Democratic. Now especially with the socialist bent they seem to be embracing. I am fed up with the Republicans lack of fiscal responsibility and overbearing social policies. I am sick of all the promises that republicans make about fiscal responsibility when they are out of power and when they get power they are every bit as bad as the Dems. I dont think I will ever vote for either again unless there would be a drastic change in behavior. On paper I’d be a Trumpster. I agree on what he’s doing on immigration (although I believe he’s racist), China, N. Korea (even though it failed), and the economy but I think he is stupid, immature and worst of all a bad human being. There’s a test that I’ve used to judge everyone, civilian and military. I ask myself if I someone else was wounded on the battlefield would this person risk his/her life to save me or someone else? I can’t picture Trump risking his life to even save one of his kids. I don’t think even his supporters can picture that. Another test I use is who would I like to have dinner with? I don’t even have to agree with the person in order to want to have dinner with him/her. Just have to find this person interesting. I disageed with Obama on just about everything but I’d bet that a dinner conversation with him would be intellectually interesting. The only way that I’d think that dinner with Trump would be interesting is to see the extent of his stupidity and vile character. Finally comes Ttump’s pettiness. I have never seen a US president whine and **** and take things so personally. It’s downright dangerous. Hey Jafo, do us a favor please. When you have dinner with Obama ask him about Benghazi.....
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Post by sedelen on Aug 13, 2018 12:12:35 GMT -5
Politics aside, it's a very sad day for Colombia as the peso falls pretty hard, which makes it a great day for those buying Colombian Pesos as the dollars breaks the
3,000.00 mil to a dollar! It's been holding at the high point of the day, 3,010 and change.
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Post by jafo19d on Aug 13, 2018 15:07:08 GMT -5
A good response. A couple things I want to comment on in there. I ask myself if I someone else was wounded on the battlefield would this person risk his/her life to save me or someone else? I can’t picture Trump risking his life to even save one of his kids.First, that's a pretty subjective statement. I dont in fact know if its true or not. But in the bigger picture, starting after Eisenhower, there is probably only one or two I could say with confidence (in 60 years) that would risk their life to save another on the battlefield. Those would be Kenedy, Bush 1 (yes) and maybe Bush 2. I would hope more, but I wouldn't bet on many. But, remember your comparing Trump to the other choice, Hillary. Do you think She would risk her life? Where was she when the call came in at 2:00 AM from Benghazi? She basically thought they were expendable. Its easy to be critical of Trump in a vacuum, But you have to remember everything in context to (would Hillary be better)? But in the larger picture I guess you want a hero to run the country? You look back and hear some of the historians stories of past presidents and they were real snakes. I think many would put Trump to shame. I feel anyone that can actually achieve the presidency is a very flawed person in many ways. Unfortunately in the US, voting for president has become a popularity contest. And most times its won by the person telling the most lies and promising the most people most benefits. They are not telling us what the country needs and how to fix it. They are promising some groups free college. Others free healthcare. Military contractors more military sales. Bankers more protections if they f*#k up and lose money. They have a lie for every group. But none of it has to do with how to fix problems. A tough problem they will go out of there way to not talk about. How many years has it been since a candidate mentioned and solution to fix SS or Medicare? The 2 biggest drivers of the US debt. When was the last time any politician paid anything but lip service to the national debt? Oh... And I guess I almost forgot.. So does that mean you think Hillary would have been a better president, or can I lure you to vote Libertarian in the future? If Hillary would have been president can you imagine where we might be? Do you think she was any less a lier? More honorable than Trump? I am sure she wouldn't have lowered taxes on individuals and probably raised taxes on businesses. She was definitely more of a war monger than Trump and she could care less for the lives of the military as exampled by Benghazi. We would now be 10 years into a stagnant economy. I guess the main thing I will give Trump credit for is that he is doing what he said he would do to run the country. The things he lies about really are meaningless to me over how he is running the country, because I dont care who he slept with or how many people attended the inauguration. I think you would be hard pressed to find a president that lied less than Trump on campaign promises. What he promised campaigning he is trying to do. Remember, Like if you like your healthcare you can keep your healthcare. The lies about the deal with Iran. I could go on and on. Oh.. And would you really have wanted to have a dinner with Hillary? Yea, Trump is an ahole.. but he is our ahole and I truly believe he is trying to do what's best for the US. You may not like how he does it, but he has been quite effective at doing it. I can agree with you on most of the personal flaws he has, but I also take that into context with him being the most hated candidate in our lifetime and the press piling on him 24/7 trying to turn the country against him. He is fighting fire with fire on that front. Let's face it, the news media always slants the coverage to favor the Democrat. Look at Poor Mitt Romney and John McCain. Not talking about their policies... But probably 2 of the more honorable people that in recent history that ran for president. (as politicians go) . And the press slammed them in favor of Obama. Those were 2 men that had a vision for America and how to fix it and the press fawned over a community organizer who (in my opinion is a racist at least as much as Trump) If Trump didn't fight the fight he did, the way he did, he wouldn't be president now. It's easy to be anti Trump in a vacuum, but your comparing to Hillary. As for having dinner with someone. Its not Obama or Trump... Its Hillary or Trump.. I can't imagine having dinner with either... But I think conversation with Trump would be more interesting and he would be more down to earth than Hillary. But I dont think I will ever have the chance to know.. LOL Dinner with Obama.. I will pass. I think he is just a smooth talker that tells people what they want to hear. I agree that Hillary is a POS. But I wasn't comparing the two, I was just saying that Trump is not a good human being. As far as risking your life for another it's a question of character not about being a hero. Hero is an overused word that I don't like. I've known many people who risked their lives for stupid and mundane things and I don't consider them heroes. Hell I risked my life for a POS humvee once. An IED hit a platoon and I was in the QRF. When we arrived the wounded guy (lost a leg) had already been MEDEVACd but the platoon was still stuck there because they couldn't recover the humvee . I saw a bunch of guys who were struggling under automatic fire to take the tape off the prepositioned tow strap so that they could tow that piece of junk and get the hell out of dodge. I always carried a nice SOF medical pouch which had the scissors on the outside. I rushed over to them and cut the tape in a second and we hooked up the tow strap to another vic and left. That was hardly being a hero, not even close. Later back in the COP the enlisted guys I helped gave me a lot of shyt for rushing over with a pair of scissors to "save the day", it was their way of saying thank you. The point is that this is just about character, not bravery or being a bad ass. And it's not rare to find someone with character, it's more abundant than you might think in the most ordinary of people. And Trump sure as hell doesn't have that character to help anyone if it can cost him dearly. Remember when Hillary used to whine about the "vast right wing conspiracy"? That crap drove me crazy but this assclown is 100 times worse. Everything with this f&cktard is "me, me, me" and whining about people being nasty to him. If my 21 y/o son whined like that I'd slap the crap out of him. This guy is the POTUS, you'd think that he would be a bit tougher. And speaking of my son, he had to get two medical waivers in order to join the Army. One for trigger thumb when he was a toddler and another for some back surgery. As for myself when I got my last pre-commissioning physical the nurse took me aside and said that I had flat feet and that even if they allowed for me to get commissioned that I could not be branched in combat arms, I'd have to be combat support or combat service support. She asked me what was my top branch pick and i said infantry. She said no way but I begged and her words as she signed off on my physical was "well if you're that stupid". Trump got how many deferments for bone spurs?
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Post by scumbuster on Aug 13, 2018 17:06:45 GMT -5
Politics aside, it's a very sad day for Colombia as the peso falls pretty hard, which makes it a great day for those buying Colombian Pesos as the dollars breaks the 3,000.00 mil to a dollar! It's been holding at the high point of the day, 3,010 and change. Because I was out most of the day I didn't know how high it went. It was only up about 20 COP per $ when I left. Just to see what I would get I went to a Colpatria ATM in a mall and took 300,000 COP. Worked out to 2919.42 exchange rate. I will hit it tomorrow for sure.
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Post by caliorbust on Aug 14, 2018 19:14:20 GMT -5
Back to politics since the peso is still above 3000. My two cents: Minorities in first world countries are quick to accuse white folks of racism or is it envy that white people overall are better off than blacks or Latinos. When it comes right down to it, minorities have the same opportunities as white people as a good number of Black or Latino academics show. Maybe more white and especially Asian kids are doing their homework after dark while minority kids hang out on the street half the night. The crime rate is by far much higher among minorities as the jail population shows and many Blacks in Colombia are responsible for the high crime rate in certain areas and barrios, Buenaventura and Tumaco comes to mind, or Aguablanca in Cali, where just last Friday a 18 year old Black man killed a 13 year old girl with over 40 knife stabbings because she refused to hand over her cell phone, apparently they even knew each other. I've heard rumors that President Duque is or already has changed the law that murder or rape of a minor will result in a compulsory life sentence. It sure would make a difference in this country if it's true but I can't find any verification of this law on the net.
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Post by caliorbust on Aug 15, 2018 6:31:05 GMT -5
Keep an eye on the Euro, it's at $1.13 today an all time low (it's early afternoon in Europe right now, 6:30 AM EST). If the Euro goes up again, the dollar will come down. It looks like dictator Erdogan of Turkey won't listen to reason and his country keeps sliding further into abyss which affects the economies of several European countries who are heavily invested in the Turkish Lira.
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Post by scumbuster on Aug 15, 2018 8:26:45 GMT -5
At least early, the dollar is still pounding the peso up another 30 COP to 3043.. But I see as I write this it's down to 3038...
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Post by sedelen on Aug 15, 2018 10:18:33 GMT -5
At least early, the dollar is still pounding the peso up another 30 COP to 3043.. But I see as I write this it's down to 3038... It was a high as 3,053 and change. Now 3,048. A lot of turbulence in the markets right now, whether they be stocks, oil, gold, bitcoin, currencies, or even real estate back in the States. Looks like some of it might be some long term "profitaking."
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Post by buenopues on Aug 15, 2018 10:37:46 GMT -5
Yesterday the dollar closed at 3012 according to Bloomberg but Banco de la Republica posts 3002 today. I don't understand this discrepency.
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Post by scumbuster on Aug 15, 2018 20:24:26 GMT -5
Closed 3051.. I will be hitting the ATM tomorrow..
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Post by buenopues on Aug 16, 2018 6:56:32 GMT -5
But only paying 3046.
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Post by scumbuster on Aug 16, 2018 7:25:57 GMT -5
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Post by buenopues on Aug 16, 2018 8:40:39 GMT -5
I'm quoting the rate published by Banco de la Republica today. I haven't been to the atm yet but I plan to. Looks like it dropped like a rock this morning.
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Post by caliorbust on Aug 16, 2018 10:08:24 GMT -5
Currency traders usually react to the slightest bit of news hysterically. Yesterday the ruler of Qatar (known for it's second highest natural gas export in the world) offered to help Turkey with a 15 billion dollar investment, a drop on a hot stone though because Turkey is with 200 billion dollar in the hole, so this will affect the Euro negatively for some time to come and is good for the value of the dollar. About 9AM this morning Trump remarked on the dollar: www.bloomberg.com/news/articles/2018-08-16/trump-changes-tune-on-dollar-after-repeatedly-talking-it-downand the dollar increased slightly in value once more.
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Post by jabberwocky on Aug 16, 2018 13:23:32 GMT -5
The best exchange rate I ever got was when we exchanged renting a house in Medellin for renting a house in Pintada - low priced small town living allows for less concern about the dollar - and if strengthens - the guaro is even cheaper.
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Post by scumbuster on Aug 16, 2018 15:09:45 GMT -5
I am disappointed in the rate I got at a Colpatria ATM today. It was before 1:00 PM so I would have thought its from yesterday's rate. I guess it's hard to be disappointed at anything over 3000 but Colpatria only gave me 3002.70
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Post by Deleted on Aug 16, 2018 15:14:30 GMT -5
I am disappointed in the rate I got at a Colpatria ATM today. It was before 1:00 PM so I would have thought its from yesterday's rate. I guess it's hard to be disappointed at anything over 3000 but Colpatria only gave me 3002.70 The rate did drop back to 3002 this morning.
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