Chile Forum

Watch that dollar start tanking in a few hours. I expect over the next week or two we are going to see a spiral of other countries trying to race their own currencies against the dollar to the bottom of the export market.

We believe the "announcement" will be at 1515 CDT (1815UTC)
Ben and his crafty cronies will offer up a number for all to hear!
How big (or small) will this number be?

Let the games begin!
DYODD

14:32 pm

USDI: 76.75
CLP/USD = 487.350
December bonds: 132.88
December gold: 1339.30
December silver: 24.43
December copper: 3.79
December crude: 84.72

Will post again after the announcement

Here is a fascinating site: http://www.shadowstats.com/

Shadow Government Statistics. They re-crunch numbers like the GNP, CPI, and unemployment trying to remove the political manipulate of the stats, historical manipulation of the numbers, or that simply make them apples and oranges comparisons. Inflation was one of them.

spot charts, slight delay...
Look like Au is going UP!

And now it goes down...
Hold on...?
Then back up...?
Which way the wind blows?

$600,000,000,000(edited) - until June, eh!
That's a nice start?
Let's watch the $$$ tomorrow

I am seeing 600 billion, over 8 months, with another 250 to 300 billion reclaimed from QE1 investments. That is almost 1 trillion in magic money.

I seen one estimate that the fed when done will have better than 27% of the U.S. gov bond market.

I just love the circular economic logic of it all. The gov issues debt, to fund the gov shortfall, so the gov buys its own debt by printing more money, so it can continue issuing more cheap debt because no one wants the debt. Madoff has nothing on the Ponzi scheme that Bernanke and friends are running.

By the way, personally liquidating all my remaining investments in the States. Not in any sort of panic, just at an accelerated rate over my original plan. Figured I had until the middle of next year to start worrying about something like this, but about now Chile is looking like a much better investment. Any investments left in dollars would be fairly worthless by next year.

Funny, right after that announcement the dollar jumped a bit in value against the CLP.

Asia awake

00:45 CLT

USDI: 76.33
CLP/USD = 489.100
December bonds: 130.80
December gold: 1356.70
December silver: 25.13
December copper: 3.84
December crude: 85.29

By flooding the world economy with yet more freshly minted dollars, America further undermines faith in the greenback
as an internationally reliable store of value and is thereby squandering an economic and geo-political asset of huge
importance to the nation's history.

http://www.telegraph.co.uk/finance/comm ... asset.html

not even Ambrose Pritchard.....

A good morning wake-up to allchileans...
As we sip our java - and check the overnite charts.

Hmmm, the USD is not having a good day:?:
As expected... the trend is down.

BTW1 = The Fed's QE plan has only one predictable consequence: inflation.
BTW2 = "On this point, history is clear: inflation has caused the destruction of every middle class and every economy that has sought it as a solution."
BTW3 = Our shiny PM amigos (Au~Ag) are doing quite well this fine morning.

DYODD - as always
Suerte...

BTW4 = USD~CDN basically at par... 489~488 CHP.
No whining today, TYVM.