Chile Forum

hay esta!

yes obviously I meant that the exchange rate is

sorry!

otravers wrote:

gregf wrote:I've been pretty excited about the sky rocketing peso.

The peso is skyrocketing... towards the center of the earth. You meant the sky rocketing dollar

I believe, everything is correct. The dollar is pretty excited about the center of the earth. The rate of the sky is exchanging. The sky is not in the center of the peso. I am rocketing towards the center of the sky.

tombrad2 wrote:I think that any expat coming to Chile must discard the idea of mantain his/her old lifestyle. American lifestyle is consuming intensive, even for many considered "frugals" for American standards.

I must point out that Chilean lifestyle is also "consuming intensive." At least for those who have money. I have noticed that the mall here in Antofagasta and el centro are both constantly busy with shoppers. At least in the US most of us throw our garbage where it belongs. Oh yeah we also recycle plastic...for some reason that can't happen here in Antofagasta.

tombrad2 wrote:Many people go out from their country with the hope to mantain their old lifestyle abroad with less US dollars, but this is not possible in a world crisis like now

Agreed. Although some things may be cheaper, I have noticed others are the same and some costs of maintaining lifestyle are even greater.

Good thing my employer gave me a nice raise to come down here and agreed to a 50/50 peso & dollar salary split. I was very lucky when they decided to give me a $1=550CLP rate as I agreed to 520 for my peso half!!! When does a big company EVER do that???????

There is always nice for luxury an consuming, Antofagasta area is a niche-city due the relatively high wages earned for people into mining
I am currently working n Tacna (Peru) and receive my salary in Peruvian Soles, who have raised from 170 CHP per Sol to 205 CHP per Sol, so in few months I was earning more money just due the exchange rate. So the logic was earn in Peru and spend in Chile. But otherwise cost of living is much lower in Peru, so may I spend in Peru instead?

After a lot of brainstorm and confusion I decided forget all that bullshit and just spend wherever I wish: probably sometimes I will lose money and sometimes I will earn, who knows? but my mind is calm

RuneTheChookcha wrote: I believe, everything is correct. The dollar is pretty excited about the center of the earth. The rate of the sky is exchanging. The sky is not in the center of the peso. I am rocketing towards the center of the sky.

The sky is changing every second, and it's free. No dollars or peso's are needed. I'm excited about that. As well as the sun shining, I'm happy about that too. The Earth is happy the sun shines. We have all these gratuitous utilities we take for granted.

Chuck J 3.0 wrote:

RuneTheChookcha wrote: I believe, everything is correct. The dollar is pretty excited about the center of the earth. The rate of the sky is exchanging. The sky is not in the center of the peso. I am rocketing towards the center of the sky.

The sky is changing every second, and it's free. No dollars or peso's are needed. I'm excited about that. As well as the sun shining, I'm happy about that too. The Earth is happy the sun shines. We have all these gratuitous utilities we take for granted.

What an I D I O C Y !!!

+1 Chookcha in Chile

Chuck J 3.0 wrote:

RuneTheChookcha wrote: I believe, everything is correct. The dollar is pretty excited about the center of the earth. The rate of the sky is exchanging. The sky is not in the center of the peso. I am rocketing towards the center of the sky.

The sky is changing every second, and it's free. No dollars or peso's are needed. I'm excited about that. As well as the sun shining, I'm happy about that too. The Earth is happy the sun shines. We have all these gratuitous utilities we take for granted.

Nooooooooooooo, Chuck! Don't give into the bright side!

Imagine for a second a world without a monetary system, where the basic necessities of life are free to all, like food, water, and basic community shelter. For the luxuries in life you would be required to deliver a new service to humanity. Education would be the upmost purpose, and true freedom would reign.

In my mind, this would be the easiest way to put ethics and integrity into our power based society.

It has been tried, it didn't work out!

hmmmm.....700 didn't happen....yet.

the peso went from about 620 in early october, up to about 675 briefly in late october and now has dropped back down to 620.

what kind of announcements and policies can we expect from the g-20 meeting that might affect the exchange rate?

do the economists on this forum still think that the dollar will rise to 700 sometime in the next six months?

Perhaps by the time the Bush administration is done it will be 1 peso to 1 dollar. More likly is he screws up the world economy so much that no one buys copper for the next 10 years.

admin wrote:......... More likly is he screws up the world economy so much that no one buys copper for the next 10 years.

NPR did a really good piece on how much demand for copper has fallen off the cliff and the effects it is having on related companys.
I did a search of their web sit but have had no luck finding it. I'll search their site again later and post it if I am sucessfull finding the programme.

Off topic, couldn't find the new thread button. How many bottles of wine can I bring back to EE.UU. with me without hastle?

Thanks in advance.

murf,

There was also a recent article in the Santiago Times of inventories building up in copper.

Combined with the collapse in shipping (see the Baltic Dry Goods Index) and other supporting objective evidence, we are at a crossroads.

If there is no turn around in demand or price and confidence via LOCs for international shipping, mines will close and eventually there will ironically be a shortage after the inventories exhaust themselves as a result of mine closings and production cutbacks.

Strange times and days ...

eeuunikkeiexpat wrote:. . . . we are at a crossroads.
If there is no turn around in demand or price and confidence via LOCs for international shipping, mines will close and . . . shortage . . . and production cutbacks.
Strange times and days ...

I'll say! One of the economic benefits of the Reformation, half a millenium ago, arose from the recognition of millions of merchants and other workers that we each are directly responsible to God for our actions: no hiding beyond priests' skirts, or excusing crimes and other sins through payment of Peter's pence or other "penance": letters of credit flourished, because men and women who'd never even seen each other began to trust each other at a distance. Now, it seems, we may be entering one of those historical epochs, comparable to the aftermath of the collapse of the Roman empire in the West, in which not only education and apparent wisdom decline (haven't all of us in middle age or older already seen that?), so do honesty, honor (whoops, strike that -- almost no one gives evidence of knowing what that means, anyway), and reliability. And one result will be impoverishment, spiritual, psychological, emotional, and material, for all (though some few will gain both power and goods).