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Post by james on Aug 22, 2019 10:03:20 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 "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." All you told us is that you really don't know squat about Colombia and its people. Evidently you lost money here and harbor some kind of grudge which would explain your negative attitude. Myself and many others on the forum enjoy life here and know the real Colombia. It's a shame that you are so short-sighted and hateful. -JAMES BTW - Please tell us how you manage to stay here for " OVER 6 months" at a time.
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Post by robbierobnj on Aug 22, 2019 10:31:49 GMT -5
James, I’m not hateful and I’m entitled to my opinion of the Colombian economy. I’ve never lost a dime in colombia because I’d never be fool enough to buy or invest in anything there. I have a better understanding of the Colombian economy and know more of colombia than you ever could hope to. You appear to be defensive and opinionated please don’t respond anymore you look silly you still fail to grasp this is a thread about the economy .Colombia is what it has been for the past 20 years a good place for single guys to have some fun if that’s your thing I’d never raise a family there. Best of luck James
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Post by james on Aug 22, 2019 12:06:38 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! Cali - When we first arrived in Colombia 12 years ago, our main income WAS from my pensions. But we used it and the money from our investments in the US and Ecuador to start businesses here, upgrade our farm, and purchase properties which were certain to go up in value. About 2 years ago, we bought a front loader/backhoe. Alejandria had just purchased a new dump truck, and I bought their old one for next to nothing. It was beat up but ran perfect. The paving of the roads from the Med to Alejandria/Barbosa/Conception/San Vicente/San Rafael has been completed. With this easy access, land values in our area are skyrocketing from the demand of persons wanting to build weekend cottages/homes in our area. Our machine and dump truck are booked up solid for weeks from people wanting their property developed. I am negotiating to buy another machine and truck. My wife is an outstanding business person. Incredible insight and vision. All of her businesses (5 over time) have been successful and were sold at a profit. Her current businesses (Termales Alejandria and Posada del Nare) are on fire. Last weekend was a holiday, and they grossed over 18 millones. When she first took over Termales, I was against it because the place was a dump and to me was a loser. But I trusted her judgement because, in her mind's eye, she could see it as it is today. She has a standing offer to sell it for 50 millones, and probably will so we can concentrate on the Posada. None of this happened overnight. Over these 12 years, there were times when we really had to scrape to get by. I'm not posting this to brag. I'm just saying that there is plenty of money to be made here, IF you know what is going on. The apts were a good deal because we knew about the subsidies. The truck, machine, and land purchases were a no-brainer because we knew about the effects of the road paving. The new roads have also made for easy access to our tourist attractions. The point I'm making is that anyone investing in something needs to be on-site to monitor what's going on. Robbieboy says I am defensive and opinionated. When it comes to Colombia ... yes I am. But for him to say that he knows more than I do about Colombia and its economy is pure bullshit. - JAMES
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Post by robbierobnj on Aug 22, 2019 13:28:21 GMT -5
Cali - When we first arrived in Colombia 12 years ago, our main income WAS from my pensions. But we used it and the money from our investments in the US and Ecuador to start businesses here, upgrade our farm, and purchase properties which were certain to go up in value. To that end we purchased 3 apartments in a new hi rise building in Envigado. Using her mother's, brother's, and sister's names we were able to buy them with a 50% low-income subsidy and a 0% loan from the government. To get the subsidy, we had to agree not to sell the apts for 7 years. 3 years ago, we sold them for 8x the purchase price. About 2 years ago, we bought a front loader/backhoe. Alejandria had just purchased a new dump truck, and I bought their old one for next to nothing. It was beat up but ran perfect. The paving of the roads from the Med to Alejandria/Barbosa/Conception/San Vicente/San Rafael has been completed. With this easy access, land values in our area are skyrocketing from the demand of persons wanting to build weekend cottages/homes in our area. Our machine and dump truck are booked up solid for weeks from people wanting their property developed. I am negotiating to buy another machine and truck. My wife is an outstanding business person. Incredible insight and vision. All of her businesses (5 over time) have been successful and were sold at a profit. Her current businesses (Termales Alejandria and Posada del Nare) are on fire. Last weekend was a holiday, and they grossed over 18 millones. When she first took over Termales, I was against it because the place was a dump and to me was a loser. But I trusted her judgement because, in her mind's eye, she could see it as it is today. She has a standing offer to sell it for 50 millones, and probably will so we can concentrate on the Posada. None of this happened overnight. Over these 12 years, there were times when we really had to scrape to get by. I'm not posting this to brag. I'm just saying that there is plenty of money to be made here, IF you know what is going on. The apts were a good deal because we knew about the subsidies. The truck, machine, and land purchases were a no-brainer because we knew about the effects of the road paving. The new roads have also made for easy access to our tourist attractions. The point I'm making is that anyone investing in something needs to be on-site to monitor what's going on. Robbieboy says I am defensive and opinionated. When it comes to Colombia ... yes I am. But for him to say that he knows more than I do about Colombia and its economy is pure bullshit. - JAMES James, again you don’t even understand what the Colombian economy is about! It has shit to do with the few 100k you made in 12 years so keep patting yourself on the back and impressing yourself. Get a clue this thread was about the peso which is hovering around 3400. You have turned it into something else about how great a lifestyle you have and how happy you are in colombia and blah blah. Even if you continue to success and I hope you do most of the other gringos end up losing it all. As for realty convert those pesos to dollars and figure all the other cost of the apartments and if bey you won’t much also bragging about being fool enough to trust family and buying things in other people’s names is probably one of the worst suggestions I’ve seen in 20 years of these forums. Now please take your business savvy and go start a thread about living happy in colombia see if anyone responds. Leave the peso talk to people who actually know what the word economy actually means.
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Post by scumbuster on Aug 22, 2019 13:46:50 GMT -5
Denmark controls their foreign relations and the defense. Denmark counts on the US to defend them. Lets face it, Denmark couldn't defend much of anything in manpower or military hardware. There another country wanting a free lunch. I haven't looked but I would be willing to bet they don't meet the NATO required military spending. The US needs to start pulling out of Europe.
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Post by elexpatriado on Aug 22, 2019 14:12:53 GMT -5
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Post by elexpatriado on Aug 22, 2019 14:20:33 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 "Almost every girl from 15 to 25 is hawking some sort of Ropa or beauty product as well as rheir pussy" LMAOF
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Post by elexpatriado on Aug 22, 2019 14:24:03 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.. "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" LMAOF..TRIPLE..JA JA
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Post by elexpatriado on Aug 22, 2019 14:34:31 GMT -5
James, I’m not hateful and I’m entitled to my opinion of the Colombian economy. I’ve never lost a dime in colombia because I’d never be fool enough to buy or invest in anything there. I have a better understanding of the Colombian economy and know more of colombia than you ever could hope to. You appear to be defensive and opinionated please don’t respond anymore you look silly you still fail to grasp this is a thread about the economy .Colombia is what it has been for the past 20 years a good place for single guys to have some fun if that’s your thing I’d never raise a family there. Best of luck James Please dont respond..pretty please ..with sugar on top.you will just look like a fool..because thére is nothing you or anyone else on this forum can tell.me about Colombia..or anything else .for that matter.. ..but if you do..I will keep coming back until you dont respond..and if you guys keep picking on.me, I will throw a temper tantrum and go away snd sulk for a few months like I always do. You guys are lucky you have me on this forum giving you all my Nobel prize winning economic and financial advice...most of you are just fossilized old pensioners living on Social Security..
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Post by elexpatriado on Aug 22, 2019 14:50:38 GMT -5
"Fool enough to trust family and buying things in other people’s names is probably one of the worst suggestions I’ve seen in 20 years of these forums"
Well I have to say I agree eith you 200% on that one.I think that there is not anybody on this or any other forum would recommend doing that anywhere in the world, let alone ,Colombia
If James had sucess doing that, he was extremely Lucky or extremely "Astute" in his judgement of human character.
I would say there is an extreme amount of luck involved, in any case.You really never know people no matter who they are, espescially when money is involved
Also James is giving a lot of personal financial information on this Forum, something I would avoid, even though I believe fear of " malicious lurkers" is a paranoia blown way out of proportion on a forum like this..better to fear the envidioso natives in his village
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Post by Luther Blissett on Aug 22, 2019 16:18:39 GMT -5
Well scamming the government using prestanomes is not something that I would brag about in an internet forum. It is serious matter and you could end up in jail for it. Delete that post and ask to delete all quotes before an asshole forwards it to Fiscalia
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Post by elexpatriado on Aug 22, 2019 17:43:14 GMT -5
Well scamming the government using prestanomes is not something that I would brag about in an internet forum. It is serious matter and you could end up in jail for it. That must be the stupidest post that I have see in years... If your wife reads that post you're in trouble LOL Good way to repay all the beautiful Colombian people around you, stealing their tax money. This is how you love Colombia. Delete that post and ask to delete all quotes before an asshole forwards it to Fiscalia Not nice to read how dishonest people make use of tax money. Haha Robbie..very funny..trying to spook poor old James.. I personally Am scared they will throw me in a Colombian jail for ripping the factort tag off my matress.. But I guess if there is something illegal it would be pretty easy to track down from the information he gave.. But I doubt the Fiscalia would do anything even if you brought it to thier attention , translated it with a government certified translator, and explained it point by point.. You could look at it from the point of view as the house payments being "gifts" for the family..so from that pointbof view, guess they all have the right to keep the properties LOL.. Colombia gives " get out of jail for free"( or cheap anyway) passes to the worst criminala, as we all know..
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Post by robbierobnj on Aug 22, 2019 18:13:53 GMT -5
I’m sure the peso can bounce back a few hundred pesos the point I’m making is oil won’t see 128 a barrel anytime soon and unless the USA weakens the dollar colombia has no way to strengthen its own currency. This is the main reason I see the peso staying weak. Sure it can give up 300 pesos or gain 300 pesos short term but we’re at 3400 on forum where Some people actually believe 2000 is the level to budget in for the peso . As for the info James posted leave it up I mean this is colombia he knows it well enough to steal from the government and feels safe enough to put property in family members names I’m sure he has nothing to fear on this forum. I mean colombia is paradise nobody knows it as well as James.
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Post by Luther Blissett on Aug 22, 2019 18:30:54 GMT -5
Haha Robbie..very funny..trying to spook poor old James.. I personally Am scared they will throw me in a Colombian jail for ripping the factort tag off my matress.. But I guess if there is something illegal it would be pretty easy to track down from the information he gave.. But I doubt the Fiscalia would do anything even if you brought it to thier attention , translated it with a government certified translator, and explained it point by point.. You could look at it from the point of view as the house payments being "gifts" for the family..so from that pointbof view, guess they all have the right to keep the properties LOL.. Colombia gives " get out of jail for free"( or cheap anyway) passes to the worst criminala, as we all know.. Not trying to spook anyone... that is the kind of scam that would get a fiscal all pumped up, more because it involves a foreigner. Scams against special laws that set benefits for low income people are prosecuted violently and always make the news. Like the Agro Ingreso Seguro affair and such. Now imagine when it is about an American... they would all scream against the foreigner. Fiscalia moves on chisme most of the times, you would be surprised to know at what extent. I am sincere when I tell you that is a dangerous matter. If a fiscal reads that, he will investigate, 100% sure thing.
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Post by elexpatriado on Aug 22, 2019 23:10:30 GMT -5
Haha Robbie..very funny..trying to spook poor old James.. I personally Am scared they will throw me in a Colombian jail for ripping the factort tag off my matress.. But I guess if there is something illegal it would be pretty easy to track down from the information he gave.. But I doubt the Fiscalia would do anything even if you brought it to thier attention , translated it with a government certified translator, and explained it point by point.. You could look at it from the point of view as the house payments being "gifts" for the family..so from that pointbof view, guess they all have the right to keep the properties LOL.. Colombia gives " get out of jail for free"( or cheap anyway) passes to the worst criminala, as we all know.. Not trying to spook anyone... that is the kind of scam that would get a fiscal all pumped up, more because it involves a foreigner. Scams against special laws that set benefits for low income people are prosecuted violently and always make the news. Like the Agro Ingreso Seguro affair and such. Now imagine when it is about an American... they would all scream against the foreigner. Fiscalia moves on chisme most of the times, you would be surprised to know at what extent. I am sincere when I tell you that is a dangerous matter. If a fiscal reads that, he will investigate, 100% sure thing. James was probably just being the Naive gringo and following what his wife suggested , not thinking it was anything onerous or out of the ordinary. Like I said , seems to be very lucky.I sure wouldnt try that nor put my trust.im any hare- brained Colombian in-laws schemes. But then my luck with Colombianas and Colombian families hasnt been thst great.Guess its better to be burnt small time than take the big risk and get totally scorched..or maybe even incarcerated. Still think someoone could avoid a jail sentence for thst if they paid off the right person.How much it would be depends how far it got in the Press
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Post by caliorbust on Aug 23, 2019 5:03:27 GMT -5
Whoa, hold your horses. In every sentence of his unlucky formulated post James said 'we' not I or the 'wife and I'. He is colombianized like I am in that respect and works with the family, helping them to get ahead. Elex, Robbie and Ermo, you don't seem to know enough about family ties in Colombia, I sure didn't until my present relationship with my colombiana of the last three years. And the way our three (not legally) adopted girls were accepted and welcomed by every one in the family was a real eye opener. The girls mom just abandoned them and took off for Chile never to be heard from again and hopefully she stays there for good. None of the three girls know their father and that too is not unusual in the Colombian culture. The ten year old middle child is best in her class, reads all kinds of books every minute of her spare time and is the most intelligent in the entire family, I'm sure she will go far. The oldest who just turned 18 is in the process of starting her own business with mine and the wife's help help of course (beauty shop supplies) in the wife's home town down south, where she has no competition and the 6 year old is in 'colegio' too now, struggling, but keeping up her grades. Some of you might think I'm crazy, but finally I have a purpose in life helping people, like paying for father in law's heart surgery three years ago that his Sisben insurance refused because of his age, he is 86 now and still getting around. Or hiring a doctor for 2 million to save a brother in law from dying of advanced malaria who had no way entering a clinic or hospital. He too is doing well now.
Back to James, I don't know the man from Adam but does anyone of you think that his family members just lend their names for him to enrich himself without them being a part of his business ventures, without being socios (business partners) in one way or another?
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Post by caliorbust on Aug 23, 2019 5:20:49 GMT -5
I must add, I wasn't asked nor was it suggested by my wife or anyone in the family that I help those family members from dying. It was my own decision to save a couple of life's, in a country where a human life isn't wort much.
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Post by caliorbust on Aug 23, 2019 6:00:49 GMT -5
Back to the grindstone, Trump is unhappy with the strong dollar. Is there trouble on the horizon for some of us expats?
Germany sells 30 year bonds offering negative yields. Germany competes with the USA. Our Federal Reserve does not allow us to do what we must do. They put us at a disadvantage against our competition. Strong Dollar, No Inflation! They move like quicksand. Fight or go home! — Donald J. Trump (@realdonaldtrump) August 22, 2019
Aug. 19 (Bloomberg) Trump repeats his call for a 100 basis-point Fed rate cut and a resumption of bond purchases, saying in a tweet “If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!” He criticized “the horrendous lack of vision by Jay Powell” and also resumed complaints about the U.S. currency’s strength: “Our dollar is so strong that it is sadly hurting other parts of the world.”
Aug. 8 (Bloomberg) The president says he’s not thrilled by the “very strong dollar ” and blamed the central bank for the currency’s performance: “The Fed’s high interest rate level, in comparison to other countries, is keeping the dollar high, making it more difficult for our great manufacturers.”
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Post by caliorbust on Aug 23, 2019 8:35:58 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. Two interesting facts on Greenland: The Americans bought the three US Virgin Islands from Denmark, their former colony, for 25 Million dollars in gold in 1917, because of the war.
The permanent ice shield that covers Greenland is up to 3 kilometers (almost 2 miles) thick in the interior and if all of it melts the sea-level worldwide would rise by 7 meters (21 ft.) with unimaginable and devastating results.
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Post by mudd on Aug 23, 2019 8:51:28 GMT -5
Back to the grindstone, Trump is unhappy with the strong dollar. Is there trouble on the horizon for some of us expats? Germany sells 30 year bonds offering negative yields. Germany competes with the USA. Our Federal Reserve does not allow us to do what we must do. They put us at a disadvantage against our competition. Strong Dollar, No Inflation! They move like quicksand. Fight or go home! — Donald J. Trump (@realdonaldtrump) August 22, 2019 Aug. 19 (Bloomberg) Trump repeats his call for a 100 basis-point Fed rate cut and a resumption of bond purchases, saying in a tweet “If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!” He criticized “the horrendous lack of vision by Jay Powell” and also resumed complaints about the U.S. currency’s strength: “Our dollar is so strong that it is sadly hurting other parts of the world.” Aug. 8 (Bloomberg) The president says he’s not thrilled by the “very strong dollar ” and blamed the central bank for the currency’s performance: “The Fed’s high interest rate level, in comparison to other countries, is keeping the dollar high, making it more difficult for our great manufacturers.” trump need to learn to keep his mouth shut. if the dollar falls, people will say " look, now the dollar isnt worth crap"
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Post by elexpatriado on Aug 23, 2019 9:13:44 GMT -5
I must add, I wasn't asked nor was it suggested by my wife or anyone in the family that I help those family members from dying. It was my own decision to save a couple of life's, in a country where a human life isn't wort much. Well good for you...I am glad to hear it..espescially if it makes you happy. I wont get into details, but apart from adopting kids, I have been extremely generious and kind with Colombians in need including , friends (male and female) lovers , their families and strangers as well,probably just as much, if not more than you have. Sometimes it has been aporeciated has been appreciated , other times not. But giving something from the bottom of your heart from feelings of empathy, love, friendship and compassion with expecting nothing in return other than sincere appreciation, is totally different in getting involved in shady deals with family members or friends that could get you in trouble or lead to complications for the sole purpose of making a personal profit. BTW Robbie (ERMO)has been married with kids while living in Colombia for living in Colombia for many years, so no need to lecture him on family in Colombia.
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Post by james on Aug 23, 2019 12:01:03 GMT -5
Well scamming the government using prestanomes is not something that I would brag about in an internet forum. It is serious matter and you could end up in jail for it. Delete that post and ask to delete all quotes before an asshole forwards it to Fiscalia What we did was not illegal. We provided the down payment, and made the payments for them. My wife's father, mother, sister and other family members lived in the apartments. When her father died, her mother moved in with her daughter and we sold one of the apartments. When the family members in the 2nd apartment moved out, we sold it too. My wife's mother, sister & her husband still live in the 3rd apt. We kept the money we paid, and split the remainder evenly with her immediate family. So keep your "scamming the government" comments to yourself. - JAMES
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Post by mudd on Aug 23, 2019 15:12:26 GMT -5
back to the real topic people. i see the peso staying around 3200-3400 range for some time. if the trade war gets straitened out, see it going below 3200. dont see colombia switching to the dollar unless their economy really tanks
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Post by Luther Blissett on Aug 23, 2019 16:57:45 GMT -5
Well scamming the government using prestanomes is not something that I would brag about in an internet forum. It is serious matter and you could end up in jail for it. Delete that post and ask to delete all quotes before an asshole forwards it to Fiscalia What we did was not illegal. We provided the down payment, and made the payments for them. My wife's father, mother, sister and other family members lived in the apartments. When her father died, her mother moved in with her daughter and we sold one of the apartments. When the family members in the 2nd apartment moved out, we sold it too. My wife's mother, sister & her husband still live in the 3rd apt. We kept the money we paid, and split the remainder evenly with her immediate family. So keep your "scamming the government" comments to yourself. - JAMES Well that was not me writing about investing in apartments "using her mother's, brother's, and sister's names" to access a 50% low-income subsidy and a 0% loan from the government. You donated the money, or you gave them a loan for an interest? I ask because it sounded as you were the real owner and in fact you got a profit from the sale. It is called using a testaferro in Colombia. But ok... you know it better and I don't really care. I was just giving the advice to delete that foolish stuff and stop the insanity... But no... you need to come back for more and more... Obviously you think that you did not do anything wrong. You were probably just following the advice of your ethical wife and family. That is how we all get corrupted in Colombia...Sleep with pigs and you get dirty. But don't worry, you're not alone... My wife's family, they can all go to hell for what I care. Like 95% of Colombians I know. There is no ethic in that land. If you think otherwise you're just a fool.
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Post by Luther Blissett on Aug 23, 2019 17:19:38 GMT -5
Whoa, hold your horses. In every sentence of his unlucky formulated post James said 'we' not I or the 'wife and I'. He is colombianized like I am in that respect and works with the family, helping them to get ahead. Elex, Robbie and Ermo, you don't seem to know enough about family ties in Colombia, I sure didn't until my present relationship with my colombiana of the last three years. And the way our three (not legally) adopted girls were accepted and welcomed by every one in the family was a real eye opener. The girls mom just abandoned them and took off for Chile never to be heard from again and hopefully she stays there for good. None of the three girls know their father and that too is not unusual in the Colombian culture. The ten year old middle child is best in her class, reads all kinds of books every minute of her spare time and is the most intelligent in the entire family, I'm sure she will go far. The oldest who just turned 18 is in the process of starting her own business with mine and the wife's help help of course (beauty shop supplies) in the wife's home town down south, where she has no competition and the 6 year old is in 'colegio' too now, struggling, but keeping up her grades. Some of you might think I'm crazy, but finally I have a purpose in life helping people, like paying for father in law's heart surgery three years ago that his Sisben insurance refused because of his age, he is 86 now and still getting around. Or hiring a doctor for 2 million to save a brother in law from dying of advanced malaria who had no way entering a clinic or hospital. He too is doing well now. Back to James, I don't know the man from Adam but does anyone of you think that his family members just lend their names for him to enrich himself without them being a part of his business ventures, without being socios (business partners) in one way or another? I almost cried... but back to the matter... Those 50% low-income subsidies and 0% loans from the government are not created for business ventures or socios or real estate speculation... so... pardon my french... WTF are you talking about? Colombianized... do you mean being able to conceive all kind of estafas, chanchullos, trueques y vueltas raras? No joda tiene razon!... Ecce tenemos un gringo que se volvio todo un colombiano... jajaja
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Post by elexpatriado on Aug 23, 2019 19:25:36 GMT -5
back to the real topic people. i see the peso staying around 3200-3400 range for some time. if the trade war gets straitened out, see it going below 3200. dont see colombia switching to the dollar unless their economy really tanks Yep--you ar right back on the subject-James has heard enough of it I am sure, and we dont really know the whole story,nor should we Hard to know where the Peso will go when the recession comes (for whatever reason) and we are about due one..I assume it will weaken more, as there will be a flight to safer currencies But the Peso will probably strengthen after the recovery from the next recession in the next few years. I agree with NJ Robbie we wont see $128 oil soon, but there could be a spike in a few years after the recovery from the next recession when the uS tight oil reserves get tapped out and go into decline at the same time. 5 years from now at the earliest. But by then maybe Colombian oil reserves will be all used up. I think the peso has almost disconnected permanently from oil prices
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Post by saltador on Aug 23, 2019 21:02:05 GMT -5
"I think the peso has almost disconnected permanently from oil prices"
You can't be serious. I mean, really? I guess you're just trolling....nice job.
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Post by wildstubby on Aug 23, 2019 21:30:30 GMT -5
Oil prices will be lower especially in the US. The Nebraska Supreme Court upheld the direction of the Keystone Pipeline. That will keep an uninterrupted supply at the refineries!
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Post by james on Aug 24, 2019 11:27:11 GMT -5
What we did was not illegal. We provided the down payment, and made the payments for them. My wife's father, mother, sister and other family members lived in the apartments. When her father died, her mother moved in with her daughter and we sold one of the apartments. When the family members in the 2nd apartment moved out, we sold it too. My wife's mother, sister & her husband still live in the 3rd apt. We kept the money we paid, and split the remainder evenly with her immediate family. So keep your "scamming the government" comments to yourself. - JAMES Well that was not me writing about investing in apartments "using her mother's, brother's, and sister's names" to access a 50% low-income subsidy and a 0% loan from the government. You donated the money, or you gave them a loan for an interest? I ask because it sounded as you were the real owner and in fact you got a profit from the sale. It is called using a testaferro in Colombia. But ok... you know it better and I don't really care. I was just giving the advice to delete that foolish stuff and stop the insanity... But no... you need to come back for more and more... Obviously you think that you did not do anything wrong. You were probably just following the advice of your ethical wife and family. That is how we all get corrupted in Colombia...Sleep with pigs and you get dirty. But don't worry, you're not alone... My wife's family, they can all go to hell for what I care. Like 95% of Colombians I know. There is no ethic in that land. If you think otherwise you're just a fool. No, my mistake was equating the apartment purchases as investments. Our family here are for the most part dirt poor. When we heard about the apartment subsidy we gave them the money interest-free to purchase them in their names so they would have a decent place to live. As I stated they lived there until 3 apts weren't necessary any more, and now only one apartment remains. we only recovered the money we paid, and, as I said, we split the remainder equally since they upgraded and maintained the properties over the years. So, since you've resorted to name calling, I will say that in addition to being self-centered, egotistical, arrogant, and over-bearing, you are also judgmental. And referring to my wife and family as "pigs" makes you a worthless low-life piece of shit. If your wife's family does "go to hell," there's a 100% certainty you will meet them again. - JAMES
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Post by elexpatriado on Aug 24, 2019 13:57:28 GMT -5
"I think the peso has almost disconnected permanently from oil prices"
You can't be serious. I mean, really? I guess you're just trolling....nice job. Colombian oil reserves are really quite puny you know. Why has the Canadian dollar stayed up while the Colombian Peso has gone down against he US dollar when Canadian Production is 5 times the Colombian rate and reserves over 50 times?
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