The Future Of The Peso?

[camberiu]

Photo from Zimbabwe, after years of "anti-capitalist" and "pro-worker" policies from the government of Robert Mugabe.

 

[Towncryr]

For the "future" of the peso one needs to only look two places. The first is the past history and the second is CK and those who surround her. BTW, the 'future' of the peso is the exact same as the 'near future' of all fiat currencies. History, there has NEVER, in the entire history of the world, been a fiat currency that lasted over 100 years.....

"Or because the Argentine peso of 50 years ago has been devalued by approximately 42 trillion percent. We don’t know how such a thing is mathematically possible…but that’s the report we’ve read."

http://dailyreckoning.com/learning-from-the-best-inflation-lessons-from-argentina/

The Euro is next on the list followed, not too far, by the dollar. The U.S. has a MUCH higher debt/GDP ratio than Greece, Spain or Italy..... If any of your have extra cash lying around you had better look into acquiring precious metals before they go ballistic. Those markers, gold/silver, are being HEAVILY manipulated downward. When they break, shortly, the prices on the upside are going to be substantial. They are the ONLY way you can preserve your "purchasing power", which is the important aspect here....

 

[camberiu]

I do not see a massive dollar devaluation in the near future. Eventually, yes. In the short/medium term, not really.

The amount of deleveraging/credit destruction is far too great to allow for meaningful devaluation of the dollar right now. Only when the US Congress or the US Presidency control the printing presses I can see that happen. As long as the FED controls the printing press, their ability to inflate is severely restricted. Bernanke would love to inflate right now. He has actually been trying really hard to. He just can't do it, because the banks are the bottleneck. Now, once the politicians get control of the printers....

 

[el_expatriado]

there has NEVER, in the entire history of the world, been a fiat currency that lasted over 100 years.....

Fiat currency as the primary system of global money is a fairly modern thing. Remember the US went off the gold standard in the 70s.

 

[Cordobese]

Peso seems plagued by policies that are only bound to hurt the currency, based on the general distrust and dollar restrictions. Bitcoins anyone?

 

[TrevorCito]

The government will inflate the hell out of it and when it collapses, they'll replace it with a new version and the cycle will begin again.

Anyway, consider the highly inflationary peso a god-send if you like to buy things on credit.

 

[Monito]

Withthe current profound restrictions regarding the dollar, in the midterm this has a negative effect on the economy. If the government is releasing those restrictions, the economy will collapse as well, because everybody is running for dollars. Anyway, it just can get worse. I do not really see that there will be better times coming up

 

[scotttswan]

Peso seems plagued by policies that are only bound to hurt the currency, based on the general distrust and dollar restrictions. Bitcoins anyone?

don't you mean Buttcoins or Cosbycoins?

 

[Matt84]

History, there has NEVER, in the entire history of the world, been a fiat currency that lasted over 100 years.....

Tally Sticks.

Rai Stones.

shall I go on?