The Economic Impact of the Social Crisis

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Re: The Economic Impact of the Social Crisis

Post by admin » Thu Dec 05, 2019 1:02 pm

We got two chino malls in little fruitllar, competing against eachother.

They all of course only accept cash (probably for tax evasion purposes).

The one in Puerto Varas got busted by the PDI for selling good in violation of copyright and trademark about a month after they opened. Like they were selling "gerber" knives for under 10,000 pesos. A real gerber knife on amazon will set you back of about $80+
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Dosedmonkey
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Re: The Economic Impact of the Social Crisis

Post by Dosedmonkey » Thu Dec 05, 2019 3:57 pm

tiagoabner wrote:
Thu Dec 05, 2019 9:32 am
There are lots of reasons why people live in cities, though. Access to more job opportunities, better healthcare, culture. Although yeah, shit blows up in the cities when it comes to that.
Well yes it's always been about jobs, the industrialisation of industry from agricultural occupations. Before industrialisation a towns/cities were just for trade, but industrialisation turns them in to centres of production too.

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Re: The Economic Impact of the Social Crisis

Post by hlf2888 » Thu Dec 05, 2019 7:08 pm

admin wrote:
Thu Dec 05, 2019 4:22 am
hlf2888 wrote:
Wed Dec 04, 2019 8:23 pm
Jamers41 wrote:
Wed Dec 04, 2019 3:32 pm
hlf2888 wrote:
Wed Dec 04, 2019 3:04 pm
Today, feria day, the owner of the Chinese store (like a Walmarts but smaller and more variety) was standing outside his store telling passersby "todo barato" over and over again and handing out candies. ????? He seemed so earnest, I remembered I needed the metallic folding car window shades 1 luca cada una, clothespins, 500 pesos, stainless steel pasta strainer, 1 luca and almost bought ramen noodles until my awareness of Chinese food standards forbade me. The cashier gave more candy. What is going on???

At the internet cafe, hours have become more humane. Now they actually close for 1.5 hours for lunch and open later and close earlier on Saturday. My favorite person there is happy. She used to eat lunch in a corner behind the counter. Things are changing in my little town. And we have had no crises, no vandalism, no breakins/robberies, no violence since day one. The only almost inconvenient incident was when the ninos closed the bridge for an hour on week two.
Out of curiosity, what town is this (if you don't mind stating)? Sounds pretty heavenly compared to Santiago Centro.
Sorry, I want it to stay off the radar. But it is probably typical for any small town not in a tourist area or near a large city. You cannot compare small towns with Santiago.
yea, there are thousands of small towns in chile that absolutely nothing happened in the middle of all this.

If you are living in a city, any city in the world, you are living in an illusion of civilization.
I was living in Manhattan when I read The Naked Ape by Desmond Morris. He describes the special sort of insanity one must embrace in order to live in a city without going certifiably bonkers. It is absolutely abnormal for human beings to see the faces of thousands of different people each day, and yet, not acknowledge a single one of them. And yet, everyday city people suppress their basic human instincts in order to get through a single day. I left cities as soon as I could.

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Re: The Economic Impact of the Social Crisis

Post by admin » Fri Dec 06, 2019 9:43 am

so, here is the central bank head. he says if inflation gets out of control, chile can kiss 27 years of development goodbye.

https://www.emol.com/noticias/Economia/ ... aldad.html
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Re: The Economic Impact of the Social Crisis

Post by admin » Fri Dec 06, 2019 9:57 am

It is going to be the most expensive metro ticket the poor in chile ever bought, and every poor person is going to pay for it even if they have never even seen the metro.

my guess, at this point, for every dollar the government gives them in "table scrap" bonos and subsidies, It will cost the poor and lower middle class 10 dollars in lost income and family wealth.

I could probably get to that 10 to 1 ratio, just in lost property values in the poorest and middle class areas most effected by the looting; never mind, job losses, reduced pay, damages from riots, etc, etc.
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Re: The Economic Impact of the Social Crisis

Post by admin » Fri Dec 06, 2019 10:08 am

The poor always get screwed, by definition. That is why they are poor.

I always liked that poker saying. If you look around the poker table, and can not figure out who the sucker is, it is probably YOU.

It applies to a lot of things in life. unfortunately, I think it is going to really apply to the lower and middle class in chile.

the rich will be fine, again by definition. The politicians will probably be fine. It will be the poor people that take the hit, and briefly middle class that are newly returned to poverty that will take the hit.
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Re: The Economic Impact of the Social Crisis

Post by eeuunikkeiexpat » Fri Dec 06, 2019 8:11 pm

Article regarding Chile's lithium and the rivalry between the USA and China.

https://www.globalresearch.ca/china-usa ... um/5695377
… As development of electric vehicles became priority in Chinese economic planning, the search for secure lithium turned to Chile … If China's Tianqi succeeds in gaining control of SQM it will change the geopolitics of world lithium control according to mining industry reports. ...

… What is beginning to become clear is that US-China tensions over Chinese economic plans also likely include countering China influence in controlling key strategic lithium reserves …

… the cancellation of the November 16 meeting in Chile of APEC … The meeting was also to have been the venue for major China-Chile trade deals according to the South China Morning Post. Xi's planned delegation would have included 150 corporate heads and plans to sign major economic agreements, further tightening Chile-China economic ties, something the US has recently warned against ...

… The eruption of mass protests across Chile opposing government public transit fare increases bears the signs of similar economic triggers in other countries used to ignite Washington Color Revolutions. The protests had the short-term effect of cancelling the APEC summit in Chile. The active role of the US-financed NGOs in the Chile protests has not been confirmed, but the growing economic relations between Chile and China clearly are not seen as positive by Washington. China lithium exploitation in Chile at this point is a little-discussed strategic geopolitical factor that could be [the] target of Washington interventions despite the free market economics of the present government ...
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Re: The Economic Impact of the Social Crisis

Post by admin » Fri Dec 06, 2019 9:34 pm

eeuunikkeiexpat wrote:
Fri Dec 06, 2019 8:11 pm
Article regarding Chile's lithium and the rivalry between the USA and China.

https://www.globalresearch.ca/china-usa ... um/5695377
… As development of electric vehicles became priority in Chinese economic planning, the search for secure lithium turned to Chile … If China's Tianqi succeeds in gaining control of SQM it will change the geopolitics of world lithium control according to mining industry reports. ...

… What is beginning to become clear is that US-China tensions over Chinese economic plans also likely include countering China influence in controlling key strategic lithium reserves …

… the cancellation of the November 16 meeting in Chile of APEC … The meeting was also to have been the venue for major China-Chile trade deals according to the South China Morning Post. Xi's planned delegation would have included 150 corporate heads and plans to sign major economic agreements, further tightening Chile-China economic ties, something the US has recently warned against ...

… The eruption of mass protests across Chile opposing government public transit fare increases bears the signs of similar economic triggers in other countries used to ignite Washington Color Revolutions. The protests had the short-term effect of cancelling the APEC summit in Chile. The active role of the US-financed NGOs in the Chile protests has not been confirmed, but the growing economic relations between Chile and China clearly are not seen as positive by Washington. China lithium exploitation in Chile at this point is a little-discussed strategic geopolitical factor that could be [the] target of Washington interventions despite the free market economics of the present government ...
and it missed about two week before this all started, the russian national oil company announced they were going to buy lithium mining rights in the north of chile.
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Re: The Economic Impact of the Social Crisis

Post by admin » Tue Dec 10, 2019 10:07 am

so latest survey of experts by the central bank on growth and peso:

https://www.df.cl/noticias/economia-y-p ... 85410.html

I am kind of with the sub-750 if economic activity picks-up over the summer months.
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Re: The Economic Impact of the Social Crisis

Post by 41southchile » Tue Dec 10, 2019 10:30 am

admin wrote:
Tue Dec 10, 2019 10:07 am
so latest survey of experts by the central bank on growth and peso:

https://www.df.cl/noticias/economia-y-p ... 85410.html

I am kind of with the sub-750 if economic activity picks-up over the summer months.
Back over 800 again today on xe y Google,
Ignorance more frequently begets confidence than does knowledge: it is those who know little, not those who know much, who so positively assert that this or that problem will never be solved by science. - Darwin

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Re: The Economic Impact of the Social Crisis

Post by admin » Tue Dec 10, 2019 10:57 am

well, the thing that would pull the entire country's ass out of the fire, copper prices, are on the move again. broke 6000 per ton, 2.75 per pound.

https://www.mining.com/copper-price-ral ... a-imports/

xe.com is not what it use to be:
1 CLP = 0.00127841 USD
1 USD = 782.223 CLP
Last updated: 2019-12-10 13:56 UTC
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Re: The Economic Impact of the Social Crisis

Post by admin » Tue Dec 10, 2019 12:00 pm

28% drop in new car purchases in November.

https://www.latercera.com/pulso/noticia ... 20/932231/
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