Comments on: Banking Games

By: Phill donahue

Phill donahue — Sat, 10 Jan 2009 02:32:18 +0000

Listen folks the Central Bankers in CR are just sitting around a poker table and saying well if the dollar is strong in CR …the #1 industry …Tourism!! by attracting more Americans!! will keep our economy strong!!….but they are betting on the wrong horse…once they figure out American travelers have been there done that in CR…and are disenfranchised with the whole …most expensive country in Central America….stigma….they will be left with one resolve ….push a directive throughout the tourism industry to cut prices 30% country wide and let the dollar fall……Costa Rica needs to find a safe harber for its economy and make a stand…

By: wayne flaska

wayne flaska — Fri, 23 May 2008 18:57:39 +0000

Been hearing talk about the USA lobbying EU & Asian countries to SUPPORT the dollar so it doesn’t drop further. I presume this means buying dollars to drive price up. I read CR actually released bunch of dollars in the CR economy saying the lack of dollars caused the higher exchange rate. hmmmm
I thought (perhaps incorrectly) the weak dollar policy did help USA manufacturing base and perhaps after 5 or 10 years the mfg jobs will re-appear. Course at the rate the dollar is falling there won’t be an economy to re-inflate. Analysis I’ve read (Barrons) indicates historically the dollar moves in 6-10year cycles and that barring natural or man-made disaster, the dollar is at the trough and will start heading up. No way it can rise all way back up with our deficit. If the next administration signals they are going to spend their way out of this MILD recession or increase entitlements to those whom choose not to work (free healthcare) than all bets off – or better to say – make your bet against the dollar by buying colonies.
Current entitlement programs such as medicare, social security and now drug prescription will be a dollar killer. So any bounce (6-10yr) of the dollar is temporary. And of course the market always does the opposite of what majority expect.

By: Jack

Jack — Wed, 21 May 2008 23:04:53 +0000

Oops…Please change that to PRECIOUS. Thanks

By: Jack

Jack — Wed, 21 May 2008 22:58:16 +0000

Hey Doug! Now that was some sound advice. Gold and Silver = the only true currency(has no debt against it). In a few years, pecious metals will be the main topic at the cocktail parties….when gold is around $2,500 an ounce. Betcha (:>)

By: Doug Ward

Doug Ward — Fri, 16 May 2008 15:02:35 +0000

All bankers and their systems are the scum of the earth.
Especially in the M-pyre’s.
Stick with precious metals… PHYSICAL holdings ( not paper)……

By: Mark Stewart

Mark Stewart — Wed, 14 May 2008 19:25:46 +0000

I’m quite sure that manipulation is the correct word. The stock markets in the US have been manipulated for years!