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Post by barrumundi on Aug 12, 2019 11:51:02 GMT -5
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Post by mudd on Aug 12, 2019 15:18:26 GMT -5
hope not lol
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Post by barrumundi on Aug 13, 2019 7:09:23 GMT -5
It works for Panama, Ecuador and El Salvador.
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Post by scumbuster on Aug 13, 2019 19:31:54 GMT -5
We like the exchange rate.
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Post by elexpatriado on Aug 14, 2019 9:41:52 GMT -5
Might end up with black market like Argentina and Venezuela where you get a much better rate than the posted rate
If theyvtry to fix the currency
Anyway fairly stable last few days
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Post by scumbuster on Aug 14, 2019 16:29:49 GMT -5
Might end up with black market like Argentina and Venezuela where you get a much better rate than the posted rate If theyvtry to fix the currency Anyway fairly stable last few days The problem with black market exchanges is you have to have USD in hand. That's difficult unless you plan to bring back large amounts of USD yearly.
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Post by elexpatriado on Aug 15, 2019 11:28:44 GMT -5
Might end up with black market like Argentina and Venezuela where you get a much better rate than the posted rate If theyvtry to fix the currency Anyway fairly stable last few days The problem with black market exchanges is you have to have USD in hand. That's difficult unless you plan to bring back large amounts of USD yearly. Exactly. But if its a long term problem, you can do what they used to do in Venezuela before it really got bad. Everyone pen up bank accounts in Miami and buy and sell currency in US dollars by making inter bank transfers. Have to be trusted sources of course.
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Post by buenopues on Aug 19, 2019 7:22:45 GMT -5
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Post by mudd on Aug 19, 2019 8:40:47 GMT -5
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Post by robbierobnj on Aug 19, 2019 11:47:04 GMT -5
[br Colombia, will not go to the dollar. The peso like Colombia economy will only go one way Down. Country is light years behind first world economies in every way.
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Post by james on Aug 19, 2019 12:34:03 GMT -5
Colombia, will not go to the dollar. The peso like Colombia economy will only go one way Down. Country is light years behind first world economies in every way. Hey NJ Boy - Did you post this when you were drunk ?? - JAMES
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Post by robbierobnj on Aug 19, 2019 12:48:01 GMT -5
Colombia, will not go to the dollar. The peso like Colombia economy will only go one way Down. Country is light years behind first world economies in every way. Hey NJ Boy - Did you post this when you were drunk ?? - JAMES Did I get your panties in a ruffle? Tell me why I’m wrong? The peso has. Gone exactly the way I told you it would for the past 15?years down. Colombia has also followed suit and so has the realty. It’s a great place to have a few weeks of fun not suitable for investments. Notice oil up the past week yet the peso still making lows? Wonder why? Some of you really need to get a grip
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Post by caliorbust on Aug 19, 2019 15:49:06 GMT -5
I agree with Robbie, it will be a long, long time before Colombia will be at par with any of the poorest developed countries. The markets have changed, oil is down, coffee is down, coal is down, flowers getting to expensive to transport by air. Corruption and dishonesty is deeply ingrained, forever it seems... If Colombia could at least solve it's FARC (and ELN) problem, there would be some meaningful ecotourism, That's about all Colombia has to offer still. But they've been at it trying to eradicate them since 1964 and if it wasn't for Alvaro Uribe we still couldn't take a bus from Medellín to Cartagena without worrying about being kidnapped. The invasion of Venezuelan migrants, mostly the uneducated and untrained as of lately, isn't helping. They are trashing our parks and green areas and clogging up our transit systems and are standing at many a corner with their hand open and a bag of candy in the other. Too many cars are on the road, cities weren't designed for such an onslaught, the air is totally contaminated on sunny days and the little bit of money allocated to fix things disappears into nowhere. Still a great place to live though with our wonderful Colombian families and a good currency exchange.
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Post by james on Aug 19, 2019 17:09:49 GMT -5
Robbie -
When you make a statement about Colombia it's from the other side of the street. Viewed from your perspective, the COP has gone down in value because you're getting less dollars per peso. But at my side of the street the dollar has been going up in value and I now receive many more pesos per dollar than I did in , say, 2008. But to Colombians who aren't interested in the exchange rate, the peso is as same as it has always been. Since the oil price crash, Colombia and other countries who relied on oil exports for income have taken a hit. Yet I feel that the Colombian government has done the best it could to manage the situation. On paper, the Colombian economy seems to be weakening, but go to any of the malls or the centro comercial area of Medellin, and they are flooded with shoppers. This past weekend was a holiday here, and both of our businesses, Termales Alejandria and Villa del Nare, were full up with guests. Inflation is stable at an average of about 5%/yr. US inflation is 2%+/yr, but those numbers are relative. A loaf of bread in the US costs $2.50. In Colombia it costs (in USD) 45 cents. Health care here is top drawer, and the cost is reasonable. My wife and I pay $30 USD/month for full service health care, which includes prescription, eye, and dental care. Property values in Colombia are going up, especially in the cities. An apartment in a hi-rise building in an upscale area that sold for approx 80,000 USD 5 years ago, is priced in the 95,000 - 110,000 range now. If I need to buy medicine, I go to the pharmacy and get it, and at a VERY reasonable price without a prescription. Health care in the US is abysmal, and costs a fortune. Ditto prescription prices. I could go on and on.
Since you don't live here, I don't think it's fair for you to make degrading statements about this country. Just because I've heard that New Jersey is a shithole, doesn't mean I believe it. AND you won't hear me saying negative things about a place I know nothing about. For those of us who have a life, and don't spend all of our time focusing on money and investments, Colombia is a great place to live.
- JAMES
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Post by avispa on Aug 19, 2019 19:41:22 GMT -5
Colombia should adopt bitcoin. Along with most of the continent. Argentina, Venezuela.
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Post by mudd on Aug 20, 2019 8:02:53 GMT -5
Colombia should adopt bitcoin. Along with most of the continent. Argentina, Venezuela. hahahah oh yes, i want my coins to be hacked and stolen lol.
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Post by james on Aug 20, 2019 9:35:43 GMT -5
I agree with Robbie, it will be a long, long time before Colombia will be at par with any of the poorest developed countries. The markets have changed, oil is down, coffee is down, coal is down, flowers getting to expensive to transport by air. Corruption and dishonesty is deeply ingrained, forever it seems... If Colombia could at least solve it's FARC (and ELN) problem, there would be some meaningful ecotourism, That's about all Colombia has to offer still. But they've been at it trying to eradicate them since 1964 and if it wasn't for Alvaro Uribe we still couldn't take a bus from Medellín to Cartagena without worrying about being kidnapped. The invasion of Venezuelan migrants, mostly the uneducated and untrained as of lately, isn't helping. They are trashing our parks and green areas and clogging up our transit systems and are standing at many a corner with their hand open and a bag of candy in the other. Too many cars are on the road, cities weren't designed for such an onslaught, the air is totally contaminated on sunny days and the little bit of money allocated to fix things disappears into nowhere. Still a great place to live though with our wonderful Colombian families and a good currency exchange. Cali - You know that I respect your opinions. But to say that Colombia is worse than "any of the poorest developed countries," is dead wrong. The Colombian economy is far better off than the economies of Brazil and Argentina which go up and down like a yo-yo. Even Chile, which has a strong economy, is suffering over the drop in the price of copper. The things you say are bad about Colombia apply to all of the "developed" countries in the world. Read the news: migrants, traffic congestion, smog, corruption, etc. are rampant everywhere. Go to any major US metropolitan area and see what I mean. The Colombian people are compassionate and try to help the Vene migrants as much as they can. Those with skills have blended in and found work. Our backhoe operator is Venezuelan. He is a skilled operator and mechanic, and takes care of the machine as if it was his own. He doesn't drink, do drugs, and works hard every day. What more could we ask. He had no papers and was here illegally. Our lawyer and the people at Migracion told us there was no way for him to get legal. But money talks, and now he has his papers. Those migrants on the streets will continue to be a problem until Venezuela gets it together. The FARC and ELN problem should have been handled differently, I agree. You cannot bargain with a bunch of killers, rapists, kidnappers, thieves, liars, etc. and expect them to adhere to any agreement. That BS is in their blood, and they don't want to change. I believe that the ELN has grown in strength because many disgruntled FARC have joined them. In my mind, the only solution is to find them, summarily judge them guilty, and imprison or execute them. There is a place for pacifism, but sometimes you have to fight fire with fire. " Still a great place to live though with our wonderful Colombian families and a good currency exchange." Agree 100% !! - JAMES
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Post by Deleted on Aug 20, 2019 10:42:14 GMT -5
I agree with Robbie, it will be a long, long time before Colombia will be at par with any of the poorest developed countries. The markets have changed, oil is down, coffee is down, coal is down, flowers getting to expensive to transport by air. Corruption and dishonesty is deeply ingrained, forever it seems... If Colombia could at least solve it's FARC (and ELN) problem, there would be some meaningful ecotourism, That's about all Colombia has to offer still. But they've been at it trying to eradicate them since 1964 and if it wasn't for Alvaro Uribe we still couldn't take a bus from Medellín to Cartagena without worrying about being kidnapped. The invasion of Venezuelan migrants, mostly the uneducated and untrained as of lately, isn't helping. They are trashing our parks and green areas and clogging up our transit systems and are standing at many a corner with their hand open and a bag of candy in the other. Too many cars are on the road, cities weren't designed for such an onslaught, the air is totally contaminated on sunny days and the little bit of money allocated to fix things disappears into nowhere. Still a great place to live though with our wonderful Colombian families and a good currency exchange. Cali - You know that I respect your opinions. But to say that Colombia is worse than "any of the poorest developed countries," is dead wrong. The Colombian economy is far better off than the economies of Brazil and Argentina which go up and down like a yo-yo. Even Chile, which has a strong economy, is suffering over the drop in the price of copper. The things you say are bad about Colombia apply to all of the "developed" countries in the world. Read the news: migrants, traffic congestion, smog, corruption, etc. are rampant everywhere. Go to any major US metropolitan area and see what I mean. The Colombian people are compassionate and try to help the Vene migrants as much as they can. Those with skills have blended in and found work. Our backhoe operator is Venezuelan. He is a skilled operator and mechanic, and takes care of the machine as if it was his own. He doesn't drink, do drugs, and works hard every day. What more could we ask. He had no papers and was here illegally. Our lawyer and the people at Migracion told us there was no way for him to get legal. But money talks, and now he has his papers. Those migrants on the streets will continue to be a problem until Venezuela gets it together. The FARC and ELN problem should have been handled differently, I agree. You cannot bargain with a bunch of killers, rapists, kidnappers, thieves, liars, etc. and expect them to adhere to any agreement. That BS is in their blood, and they don't want to change. I believe that the ELN has grown in strength because many disgruntled FARC have joined them. In my mind, the only solution is to find them, summarily judge them guilty, and imprison or execute them. There is a place for pacifism, but sometimes you have to fight fire with fire. " Still a great place to live though with our wonderful Colombian families and a good currency exchange." Agree 100% !! - JAMES The Colombia economy is not without challenges, but it is not exactly imploding either.. www.nasdaq.com/article/colombia-economy-grew-3-in-second-quarter-just-below-market-expectations-20190815-00704
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Post by elexpatriado on Aug 20, 2019 11:36:10 GMT -5
I agree with Robbie, it will be a long, long time before Colombia will be at par with any of the poorest developed countries. The markets have changed, oil is down, coffee is down, coal is down, flowers getting to expensive to transport by air. Corruption and dishonesty is deeply ingrained, forever it seems... If Colombia could at least solve it's FARC (and ELN) problem, there would be some meaningful ecotourism, That's about all Colombia has to offer still. But they've been at it trying to eradicate them since 1964 and if it wasn't for Alvaro Uribe we still couldn't take a bus from Medellín to Cartagena without worrying about being kidnapped. The invasion of Venezuelan migrants, mostly the uneducated and untrained as of lately, isn't helping. They are trashing our parks and green areas and clogging up our transit systems and are standing at many a corner with their hand open and a bag of candy in the other. Too many cars are on the road, cities weren't designed for such an onslaught, the air is totally contaminated on sunny days and the little bit of money allocated to fix things disappears into nowhere. Still a great place to live though with our wonderful Colombian families and a good currency exchange. "it will be a long, long time before Colombia will be at par with any of the poorest developed countries" Either you mis wrote what you intended to say, or that is a very gross exageration... How can you possibly compare Colombia to Places like the Democratic Republic of Congo??
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Post by Deleted on Aug 20, 2019 11:42:22 GMT -5
I agree with Robbie, it will be a long, long time before Colombia will be at par with any of the poorest developed countries. The markets have changed, oil is down, coffee is down, coal is down, flowers getting to expensive to transport by air. Corruption and dishonesty is deeply ingrained, forever it seems... If Colombia could at least solve it's FARC (and ELN) problem, there would be some meaningful ecotourism, That's about all Colombia has to offer still. But they've been at it trying to eradicate them since 1964 and if it wasn't for Alvaro Uribe we still couldn't take a bus from Medellín to Cartagena without worrying about being kidnapped. The invasion of Venezuelan migrants, mostly the uneducated and untrained as of lately, isn't helping. They are trashing our parks and green areas and clogging up our transit systems and are standing at many a corner with their hand open and a bag of candy in the other. Too many cars are on the road, cities weren't designed for such an onslaught, the air is totally contaminated on sunny days and the little bit of money allocated to fix things disappears into nowhere. Still a great place to live though with our wonderful Colombian families and a good currency exchange. "it will be a long, long time before Colombia will be at par with any of the poorest developed countries" Either you mis wrote what you intended to say, or that is a very gross exageration... How can you possibly compare Colombia to Places like the Democratic Republic of Congo?? Elex, is the Democratic Republic a developed country??? I think not.. naijaquest.com/top-10-least-developed-countries-in-the-world/
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Post by elexpatriado on Aug 20, 2019 11:43:40 GMT -5
Robbie - When you make a statement about Colombia it's from the other side of the street. Viewed from your perspective, the COP has gone down in value because you're getting less dollars per peso. But at my side of the street the dollar has been going up in value and I now receive many more pesos per dollar than I did in , say, 2008. But to Colombians who aren't interested in the exchange rate, the peso is as same as it has always been. Since the oil price crash, Colombia and other countries who relied on oil exports for income have taken a hit. Yet I feel that the Colombian government has done the best it could to manage the situation. On paper, the Colombian economy seems to be weakening, but go to any of the malls or the centro comercial area of Medellin, and they are flooded with shoppers. This past weekend was a holiday here, and both of our businesses, Termales Alejandria and Villa del Nare, were full up with guests. Inflation is stable at an average of about 5%/yr. US inflation is 2%+/yr, but those numbers are relative. A loaf of bread in the US costs $2.50. In Colombia it costs (in USD) 45 cents. Health care here is top drawer, and the cost is reasonable. My wife and I pay $30 USD/month for full service health care, which includes prescription, eye, and dental care. Property values in Colombia are going up, especially in the cities. An apartment in a hi-rise building in an upscale area that sold for approx 80,000 USD 5 years ago, is priced in the 95,000 - 110,000 range now. If I need to buy medicine, I go to the pharmacy and get it, and at a VERY reasonable price without a prescription. Health care in the US is abysmal, and costs a fortune. Ditto prescription prices. I could go on and on. Since you don't live here, I don't think it's fair for you to make degrading statements about this country. Just because I've heard that New Jersey is a shithole, doesn't mean I believe it. AND you won't hear me saying negative things about a place I know nothing about. For those of us who have a life, and don't spend all of our time focusing on money and investments, Colombia is a great place to live. - JAMES A lot of good points, and a positive perspective. But Sometimes I really wonder why expats give acolades to the EPS sytem, since I hear nothing but horror stories from Colombians about it. I guess compared to the Foched up US sytem system it is OK. And personally, I wouldnt invest a nickel in Colombia..for vrious reasons.
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Post by elexpatriado on Aug 20, 2019 11:44:46 GMT -5
"it will be a long, long time before Colombia will be at par with any of the poorest developed countries" Either you mis wrote what you intended to say, or that is a very gross exageration... How can you possibly compare Colombia to Places like the Democratic Republic of Congo?? Elex, is the Democratic Republic a developed country??? I think not.. naijaquest.com/top-10-least-developed-countries-in-the-world/jaja..dislexia..all Genuises have it..I thought he meant "Undeveloped country" I guess the contradictiry phrase "poorest developed country" threw me off
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Post by Deleted on Aug 20, 2019 11:45:06 GMT -5
Robbie - When you make a statement about Colombia it's from the other side of the street. Viewed from your perspective, the COP has gone down in value because you're getting less dollars per peso. But at my side of the street the dollar has been going up in value and I now receive many more pesos per dollar than I did in , say, 2008. But to Colombians who aren't interested in the exchange rate, the peso is as same as it has always been. Since the oil price crash, Colombia and other countries who relied on oil exports for income have taken a hit. Yet I feel that the Colombian government has done the best it could to manage the situation. On paper, the Colombian economy seems to be weakening, but go to any of the malls or the centro comercial area of Medellin, and they are flooded with shoppers. This past weekend was a holiday here, and both of our businesses, Termales Alejandria and Villa del Nare, were full up with guests. Inflation is stable at an average of about 5%/yr. US inflation is 2%+/yr, but those numbers are relative. A loaf of bread in the US costs $2.50. In Colombia it costs (in USD) 45 cents. Health care here is top drawer, and the cost is reasonable. My wife and I pay $30 USD/month for full service health care, which includes prescription, eye, and dental care. Property values in Colombia are going up, especially in the cities. An apartment in a hi-rise building in an upscale area that sold for approx 80,000 USD 5 years ago, is priced in the 95,000 - 110,000 range now. If I need to buy medicine, I go to the pharmacy and get it, and at a VERY reasonable price without a prescription. Health care in the US is abysmal, and costs a fortune. Ditto prescription prices. I could go on and on. Since you don't live here, I don't think it's fair for you to make degrading statements about this country. Just because I've heard that New Jersey is a shithole, doesn't mean I believe it. AND you won't hear me saying negative things about a place I know nothing about. For those of us who have a life, and don't spend all of our time focusing on money and investments, Colombia is a great place to live. - JAMES A lot of good points, and a positive perspective. But Sometimes I really wonder why expats give acolades to the EPS sytem, since I hear nothing but horror stories from Colombians about it. I guess compared to the Foched up US sytem system it is OK. And personally, I wouldnt invest a nickel in Colombia..for vrious reasons. Too many liabilities running around with loaded up diapers??
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Post by robbierobnj on Aug 20, 2019 13:51:04 GMT -5
Robbie - When you make a statement about Colombia it's from the other side of the street. Viewed from your perspective, the COP has gone down in value because you're getting less dollars per peso. But at my side of the street the dollar has been going up in value and I now receive many more pesos per dollar than I did in , say, 2008. But to Colombians who aren't interested in the exchange rate, the peso is as same as it has always been. Since the oil price crash, Colombia and other countries who relied on oil exports for income have taken a hit. Yet I feel that the Colombian government has done the best it could to manage the situation. On paper, the Colombian economy seems to be weakening, but go to any of the malls or the centro comercial area of Medellin, and they are flooded with shoppers. This past weekend was a holiday here, and both of our businesses, Termales Alejandria and Villa del Nare, were full up with guests. Inflation is stable at an average of about 5%/yr. US inflation is 2%+/yr, but those numbers are relative. A loaf of bread in the US costs $2.50. In Colombia it costs (in USD) 45 cents. Health care here is top drawer, and the cost is reasonable. My wife and I pay $30 USD/month for full service health care, which includes prescription, eye, and dental care. Property values in Colombia are going up, especially in the cities. An apartment in a hi-rise building in an upscale area that sold for approx 80,000 USD 5 years ago, is priced in the 95,000 - 110,000 range now. If I need to buy medicine, I go to the pharmacy and get it, and at a VERY reasonable price without a prescription. Health care in the US is abysmal, and costs a fortune. Ditto prescription prices. I could go on and on. Since you don't live here, I don't think it's fair for you to make degrading statements about this country. Just because I've heard that New Jersey is a shithole, doesn't mean I believe it. AND you won't hear me saying negative things about a place I know nothing about. For those of us who have a life, and don't spend all of our time focusing on money and investments, Colombia is a great place to live. - JAMES James, I didn't call Colombia a shit hole! As for living in Colombia I have been traveling there for 20 years and I have Stayed multiple times for over 6 months so I know Colombia as good if not better than most. This thread is about if Colombia should switch to the Dollar not about if its cheap for a gringo on social security to live there. I simply stated and stand by the Colombian economy being dog crap and the peso being a currency that will continue to decline. As for my life I travel 8 to 10 weeks a year so don't worry about my lifestyle or New Jersey, I happen to live in one of the wealthiest states in a first world country 8 miles from the best City in the world. Now if you want to talk about the malls in Colombia you can walk through Santa Fe and many of the others all day long and not see a person during the week. The stores are constantly closing and being re-branded. Almost every girl from 15 to 25 is hawking some sort of Ropa or beauty product as well as their pussy if you want to call that an economy go ahead. The minimum salary is 832000 pesos a month roughly 245 dollars at the current exchange not exactly a thriving work force. I wont mention that Medellin is arguably the best Colombia has to offer you don't want to talk about areas outside most of the 3 or 4 main cities. So yes James, Medellin is ok for fossils on a pension or for tourist looking to party cheap but for those born and stuck there Colombia is a real shit hole with little to no chance of advancement. Sorry if the truth hurts and anyone putting a nickel there as investment in those buildings better think about being able to lose 100 percent of the investment. That being said I will probably be in Medellin and or Colombia or 2 more time this year and Colombia is lucky to have me I spend more than most of people living there full time in several short weeks. I hope you don't feel the need to respond I'm sure your very busy with your lifestyle and all
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Post by caliorbust on Aug 20, 2019 18:58:23 GMT -5
I agree with Robbie, it will be a long, long time before Colombia will be at par with any of the poorest developed countries. The markets have changed, oil is down, coffee is down, coal is down, flowers getting to expensive to transport by air. Corruption and dishonesty is deeply ingrained, forever it seems... If Colombia could at least solve it's FARC (and ELN) problem, there would be some meaningful ecotourism, That's about all Colombia has to offer still. But they've been at it trying to eradicate them since 1964 and if it wasn't for Alvaro Uribe we still couldn't take a bus from Medellín to Cartagena without worrying about being kidnapped. The invasion of Venezuelan migrants, mostly the uneducated and untrained as of lately, isn't helping. They are trashing our parks and green areas and clogging up our transit systems and are standing at many a corner with their hand open and a bag of candy in the other. Too many cars are on the road, cities weren't designed for such an onslaught, the air is totally contaminated on sunny days and the little bit of money allocated to fix things disappears into nowhere. Still a great place to live though with our wonderful Colombian families and a good currency exchange. Cali - You know that I respect your opinions. But to say that Colombia is worse than "any of the poorest developed countries," is dead wrong. The Colombian economy is far better off than the economies of Brazil and Argentina which go up and down like a yo-yo. Even Chile, which has a strong economy, is suffering over the drop in the price of copper. The things you say are bad about Colombia apply to all of the "developed" countries in the world. Read the news: migrants, traffic congestion, smog, corruption, etc. are rampant everywhere. Go to any major US metropolitan area and see what I mean. The Colombian people are compassionate and try to help the Vene migrants as much as they can. Those with skills have blended in and found work. Our backhoe operator is Venezuelan. He is a skilled operator and mechanic, and takes care of the machine as if it was his own. He doesn't drink, do drugs, and works hard every day. What more could we ask. He had no papers and was here illegally. Our lawyer and the people at Migracion told us there was no way for him to get legal. But money talks, and now he has his papers. Those migrants on the streets will continue to be a problem until Venezuela gets it together. The FARC and ELN problem should have been handled differently, I agree. You cannot bargain with a bunch of killers, rapists, kidnappers, thieves, liars, etc. and expect them to adhere to any agreement. That BS is in their blood, and they don't want to change. I believe that the ELN has grown in strength because many disgruntled FARC have joined them. In my mind, the only solution is to find them, summarily judge them guilty, and imprison or execute them. There is a place for pacifism, but sometimes you have to fight fire with fire. " Still a great place to live though with our wonderful Colombian families and a good currency exchange." Agree 100% !! - JAMES James, I should have said poorest 'First World' country instead of using the PR term 'Developed Country' to avoid confusion and the poorest First World country I could think off is Bulgaria, a member of the European Union. Unfortunately there is no First World country in all of Latin America, unless one could count French Guiana which at the time voted against independence and still belongs to France and uses the Euro as currency. Without a doubt, some very useful migrants have come from Venezuela, my dentist is one of them. Those migrants who are coming lately is a wave of uneducated and and untrained youngsters though without being able to get work permits. The professionals and highly trained came a few years earlier. As to Robbie's posts, it shouldn't affect you at all, you found a niche in the business world and you are to be recommended to have brought it to success, but if I read your previous posts correctly, your main income is coming from your pensions. Robbie is talking about something different, like making huge investments with foreign currencies in the Colombian economy, like high end apartments or -buildings, etc., which will eventually decline in value as the dollar gains and the peso loses on value. The US dollar isn't going anywhere but up, because the US economy is the worlds biggest, the US has a massive economy and I have all the confidence in the world it will stay that way for quite some time, especially when the country refrains from getting into any more wars, like previous administrations did. MAGA!
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Post by mudd on Aug 20, 2019 21:00:37 GMT -5
Cali - You know that I respect your opinions. But to say that Colombia is worse than "any of the poorest developed countries," is dead wrong. The Colombian economy is far better off than the economies of Brazil and Argentina which go up and down like a yo-yo. Even Chile, which has a strong economy, is suffering over the drop in the price of copper. The things you say are bad about Colombia apply to all of the "developed" countries in the world. Read the news: migrants, traffic congestion, smog, corruption, etc. are rampant everywhere. Go to any major US metropolitan area and see what I mean. The Colombian people are compassionate and try to help the Vene migrants as much as they can. Those with skills have blended in and found work. Our backhoe operator is Venezuelan. He is a skilled operator and mechanic, and takes care of the machine as if it was his own. He doesn't drink, do drugs, and works hard every day. What more could we ask. He had no papers and was here illegally. Our lawyer and the people at Migracion told us there was no way for him to get legal. But money talks, and now he has his papers. Those migrants on the streets will continue to be a problem until Venezuela gets it together. The FARC and ELN problem should have been handled differently, I agree. You cannot bargain with a bunch of killers, rapists, kidnappers, thieves, liars, etc. and expect them to adhere to any agreement. That BS is in their blood, and they don't want to change. I believe that the ELN has grown in strength because many disgruntled FARC have joined them. In my mind, the only solution is to find them, summarily judge them guilty, and imprison or execute them. There is a place for pacifism, but sometimes you have to fight fire with fire. " Still a great place to live though with our wonderful Colombian families and a good currency exchange." Agree 100% !! - JAMES James, I should have said poorest 'First World' country instead of using the PR term 'Developed Country' to avoid confusion and the poorest First World country I could think off is Bulgaria, a member of the European Union. Unfortunately there is no First World country in all of Latin America, unless one could count French Guiana which at the time voted against independence and still belongs to France and uses the Euro as currency. Without a doubt, some very useful migrants have come from Venezuela, my dentist is one of them. Those migrants who are coming lately is a wave of uneducated and and untrained youngsters though without being able to get work permits. The professionals and highly trained came a few years earlier. As to Robbie's posts, it shouldn't affect you at all, you found a niche in the business world and you are to be recommended to have brought it to success, but if I read your previous posts correctly, your main income is coming from your pensions. Robbie is talking about something different, like making huge investments with foreign currencies in the Colombian economy, like high end apartments or -buildings, etc., which will eventually decline in value as the dollar gains and the peso loses on value. The US dollar isn't going anywhere but up, because the US economy is the worlds biggest, the US has a massive economy and I have all the confidence in the world it will stay that way for quite some time, especially when the country refrains from getting into any more wars, like previous administrations did. MAGA! only problem is, the US is caring Hugh debt and its not getting any smaller, sooner or later that rooster is coming home to roost . 22 trillion, wowww www.usdebtclock.org/
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Post by caliorbust on Aug 21, 2019 10:31:14 GMT -5
Mudd said - only problem is, the US is caring Hugh debt and its not getting any smaller, sooner or later that rooster is coming home to roost
The largest national debt increase happened under Obama, he nearly doubled it, from $10.6 trillion to 19.9 trillion. Under Trump the debt has again increased by 2 trillion and change. What is important is to keep the national debt under the GDP, the gross domestic product, and we are slightly over that figure, 103.6% under Obama and 104.1% under Trump (figures from CNBC, Feb. 2019). So Trump has his work cut out and should rethink his idea of buying Greenland from Denmark. Lets keep in mind that the American public and the US government both hold nearly 20 trillion of the national debt, 1.1 trillion each of the deficit is owned by China and Japan. Those two countries are definitely interested in holding up the value of the USD or their investment will decrease drastically. The Euro isn't going anywhere for some time to come because the European economies are on a downward trend and their economic leader Germany is starting to suffer with exports, blaming it on Trump's America First doctrine and the coming Brexit. There really isn't any other currency out there that could harm the USD for some time to come and it's highly unlikely it would be the Russian Ruble.
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Post by Deleted on Aug 21, 2019 10:40:50 GMT -5
Mudd said - only problem is, the US is caring Hugh debt and its not getting any smaller, sooner or later that rooster is coming home to roost The largest national debt increase happened under Obama, he nearly doubled it, from $10.6 trillion to 19.9 trillion. Under Trump the debt has again increased by 2 trillion and change. What is important is to keep the national debt under the GDP, the gross domestic product, and we are slightly over that figure, 103.6% under Obama and 104.1% under Trump (figures from CNBC, Feb. 2019). So Trump has his work cut out and should rethink his idea of buying Greenland from Denmark. Lets keep in mind that the American public and the US government both hold nearly 20 trillion of the national debt, 1.1 trillion each of the deficit is owned by China and Japan. Those two countries are definitely interested in holding up the value of the USD or their investment will decrease drastically. The Euro isn't going anywhere for some time to come because the European economies are on a downward trend and their economic leader Germany is starting to suffer with exports, blaming it on Trump's America First doctrine and the coming Brexit. There really isn't any other currency out there that could harm the USD for some time to come and it's highly unlikely it would be the Russian Ruble. I agree it is not worth increasing the debt to buy Greenland from Denmark, I would propose we trade NJ and all its inhabitants for Greenland.. Good deal for US, not so much for Denmark....just a thought..
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Post by scumbuster on Aug 21, 2019 10:59:34 GMT -5
Maybe I am in the minority but I think buying Greenland would be a wise long term investment. If you paid every person in Greenland 1 million USD @ about 60 Billion total I think that's a pretty sweet deal for both sides. Maybe throw Denmark a couple Billion. But really it would be out of Demnarks hands if Greenland had a referendum and voted to take the $$$. Greenland is a self governing island and is mainly affiliated with Denmark for the import lifeline they provide. Its costing Denmark every year it continues. I'm sure its the long term resource development potential that makes the relationship continue. Its also at a good strategic location (early warning system of incoming missals) as we currently have a military base there.
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Post by caliorbust on Aug 21, 2019 20:33:45 GMT -5
Even though Danish Prime-minister Frederickson is against Islamic immigration, she leads the leftist government of Denmark and she wasn't exactly amused by Trump's offer. Like all leftist who hate Trump's guts, this wasn't a good time for the US offer to buy their most prestigious possession which goes back to 1814 when they gained it from Norway. Because Denmark is an extremely small country, it's only half the seize of Ohio or of Indiana, flying their flag over the worlds largest island gives them a certain prestige they don't want to part with and the half a billion USD they pump into Greenland every year doesn't seem to upset anybody back home. Even though Greenland is an autonomy, Denmark controls their foreign relations and the defense. The more or less 50.000 inhabitants are mostly Eskimos who came from Northern Canada in the 13th century. During WW II Greenland was occupied by American Forces. A bit of history: The famous Norwegian viking Erik Thorvaldsson known as Erik the Red is credited with discovering Greenland and settled there after fleeing Iceland being accused of murder. He called the Island Greenland to hopefully attract more settlers. Erik's son Leif Ericksson actually discovered America at the age of 25 some 500 years before Christopher Columbus did and landed in Newfoundland.
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