Should Costa Rica “dollarize”?

[davidd]

Sweikert

This is a perfect example of topical research.

your asking the wrong questions

the questions you should be asking would allow you to go a bit deeper and then start asking [b]why [/b][size=][/size]

costa rica has been scrambling to artificially PROP up the dollar for the last few years now

so now we have to deal with artificially supporting a fiat currency’s worth as opposed to the free market.

Does this make any sense???

in fact the federal reserve has been doing this for years.. printing more and more dollars into the U.S. economy.

Doomsday predictions 🙂

I don’t know the answers all I can say is I can see clear actions that go contrary to what these idiots in Washington say.

[quote=”sweikert925″][quote=”DavidCMurray”]
The dollar has been very consistent against the colon (my primary concern) for a couple of years or longer.
[/quote]

Absolutely correct. Since 1996 (the earliest I could get data for) the USD gained against the CRC steadily until 2006 but since then except for 2009-2010 (no doubt due to the financial collapse here in the US) the colon has stayed almost constant against the dollar. See these figures for the exchange rate on January 1st from 1996-2012:

1996-01-01 $1.00=191.76 CRC
1997-01-01 $1.00=219.88 CRC
1998-01-01 $1.00=243.65 CRC
1999-01-01 $1.00=271.42 CRC
2000-01-01 $1.00=297.7 CRC
2001-01-01 $1.00=317.45 CRC
2002-01-01 $1.00=328.07 CRC
2003-01-01 $1.00=367.08 CRC
2004-01-01 $1.00=409.07 CRC
2005-01-01 $1.00=449.29 CRC
2006-01-01 $1.00=495.8 CRC
2007-01-01 $1.00=498.35 CRC
2008-01-01 $1.00=487 CRC
2009-01-01 $1.00=539.88 CRC
2010-01-01 $1.00=546.48 CRC
2011-01-01 $1.00=497.24 CRC
2012-01-01 $1.00=490.47 CRC

The rate fluctuated quite a bit in 2011 and there was a spike on January 1 (what happened on New Years Day?) but since January 2nd of this year the rate has been almost flat:

[i]https://www.welovecostarica.com/members/viewimage.cfm?ImgID=915[/i]

http://www.exchangerates.org.uk/USD-CRC-exchange-rate-history.html

[quote=”DavidCMurray”]
I’ll mark my calendar for January of 2016 and we’ll see if your doomsday scenario pays out.
[/quote]

Me too. The frequency of doomsday predictions has been so high that I wonder why anyone pays the slightest attention to them. Apparently there are a lot of people who either never read the story of the boy who cried wolf or don’t get the moral of the story.
[/quote]

[pharg]

[quote=”sweikert925″]
Absolutely correct. Since 1996 (the earliest I could get data for) the USD gained against the CRC steadily until 2006 but since then except for 2009-2010 (no doubt due to the financial collapse here in the US) the colon has stayed almost constant against the dollar. See these figures for the exchange rate on January 1st from 1996-2012:

1996-01-01 $1.00=191.76 CRC
1997-01-01 $1.00=219.88 CRC
1998-01-01 $1.00=243.65 CRC
1999-01-01 $1.00=271.42 CRC
2000-01-01 $1.00=297.7 CRC
2001-01-01 $1.00=317.45 CRC
2002-01-01 $1.00=328.07 CRC
2003-01-01 $1.00=367.08 CRC
2004-01-01 $1.00=409.07 CRC
2005-01-01 $1.00=449.29 CRC
2006-01-01 $1.00=495.8 CRC
2007-01-01 $1.00=498.35 CRC
2008-01-01 $1.00=487 CRC
2009-01-01 $1.00=539.88 CRC
2010-01-01 $1.00=546.48 CRC
2011-01-01 $1.00=497.24 CRC
2012-01-01 $1.00=490.47 CRC

Going back in time a bit farther, when I relocated from C.R. back to the U.S. in 1979, I bought a rather large CD [in colones] with dolares. The exchange rate at the time was $1 = 8.5CRC.
Hmmm. Wonder what it’s worth [in dolares] now? Let’s see… 8.5/490 = 1.7% Not what I would call a good investment. I don’t know the value in colones now, since BN stopped sending me quarterly reports in 2006.
😥

[wintex]

[quote=”jds6958″]The problem is that you have about 1.14 quadrilian dollars of OTC derivatives floating in the markets, that are really only worth about 9 cents on the dollar.

The only country that fared well was Iceland when it all began to blow up…because they bailed out the people and put the bankers in jail.

The rest of the world bails out the bankers.

[/quote]
Iceland was thinking of adopting the Canadian Dollar a few months ago

[Kwhite1]

[quote=”davidd”]Sweikert

This is a perfect example of topical research.

your asking the wrong questions

the questions you should be asking would allow you to go a bit deeper and then start asking [b]why [/b][size=][/size]

costa rica has been scrambling to artificially PROP up the dollar for the last few years now

so now we have to deal with artificially supporting a fiat currency’s worth as opposed to the free market.

Does this make any sense???

in fact the federal reserve has been doing this for years.. printing more and more dollars into the U.S. economy.

Doomsday predictions 🙂

I don’t know the answers all I can say is I can see clear actions that go contrary to what these idiots in Washington say.

[quote=”sweikert925″][quote=”DavidCMurray”]
The dollar has been very consistent against the colon (my primary concern) for a couple of years or longer.
[/quote]

Absolutely correct. Since 1996 (the earliest I could get data for) the USD gained against the CRC steadily until 2006 but since then except for 2009-2010 (no doubt due to the financial collapse here in the US) the colon has stayed almost constant against the dollar. See these figures for the exchange rate on January 1st from 1996-2012:

1996-01-01 $1.00=191.76 CRC
1997-01-01 $1.00=219.88 CRC
1998-01-01 $1.00=243.65 CRC
1999-01-01 $1.00=271.42 CRC
2000-01-01 $1.00=297.7 CRC
2001-01-01 $1.00=317.45 CRC
2002-01-01 $1.00=328.07 CRC
2003-01-01 $1.00=367.08 CRC
2004-01-01 $1.00=409.07 CRC
2005-01-01 $1.00=449.29 CRC
2006-01-01 $1.00=495.8 CRC
2007-01-01 $1.00=498.35 CRC
2008-01-01 $1.00=487 CRC
2009-01-01 $1.00=539.88 CRC
2010-01-01 $1.00=546.48 CRC
2011-01-01 $1.00=497.24 CRC
2012-01-01 $1.00=490.47 CRC

The rate fluctuated quite a bit in 2011 and there was a spike on January 1 (what happened on New Years Day?) but since January 2nd of this year the rate has been almost flat:

[i]https://www.welovecostarica.com/members/viewimage.cfm?ImgID=915[/i]

http://www.exchangerates.org.uk/USD-CRC-exchange-rate-history.html

[quote=”DavidCMurray”]
I’ll mark my calendar for January of 2016 and we’ll see if your doomsday scenario pays out.
[/quote]

Me too. The frequency of doomsday predictions has been so high that I wonder why anyone pays the slightest attention to them. Apparently there are a lot of people who either never read the story of the boy who cried wolf or don’t get the moral of the story.
[/quote][/quote]

Just wait untl the Fed has to stop printing money, I read an article that they can’t stop at the moment, if they did total economic collapse would pretty much be the result. The Fed and IMF are trying to figure out what to do for the very near future.

All this printing and it is given to banks has propelled the NYSE to new highs…..but this too shall correct itself and not in a pretty way I am betting.

Stay in your seats and keep your seat belt on, it’s going to get bumpy kids.

[davidd]

Kwhite

well- according to Sweikert everything is hunky dory

and crime is down in Chicago

so we have nothing to worry.:D:D:D

[quote=”kwhite1″][quote=”davidd”]Sweikert

This is a perfect example of topical research.

your asking the wrong questions

the questions you should be asking would allow you to go a bit deeper and then start asking [b]why [/b][size=][/size]

costa rica has been scrambling to artificially PROP up the dollar for the last few years now

so now we have to deal with artificially supporting a fiat currency’s worth as opposed to the free market.

Does this make any sense???

in fact the federal reserve has been doing this for years.. printing more and more dollars into the U.S. economy.

Doomsday predictions 🙂

I don’t know the answers all I can say is I can see clear actions that go contrary to what these idiots in Washington say.

[quote=”sweikert925″][quote=”DavidCMurray”]
The dollar has been very consistent against the colon (my primary concern) for a couple of years or longer.
[/quote]

Absolutely correct. Since 1996 (the earliest I could get data for) the USD gained against the CRC steadily until 2006 but since then except for 2009-2010 (no doubt due to the financial collapse here in the US) the colon has stayed almost constant against the dollar. See these figures for the exchange rate on January 1st from 1996-2012:

1996-01-01 $1.00=191.76 CRC
1997-01-01 $1.00=219.88 CRC
1998-01-01 $1.00=243.65 CRC
1999-01-01 $1.00=271.42 CRC
2000-01-01 $1.00=297.7 CRC
2001-01-01 $1.00=317.45 CRC
2002-01-01 $1.00=328.07 CRC
2003-01-01 $1.00=367.08 CRC
2004-01-01 $1.00=409.07 CRC
2005-01-01 $1.00=449.29 CRC
2006-01-01 $1.00=495.8 CRC
2007-01-01 $1.00=498.35 CRC
2008-01-01 $1.00=487 CRC
2009-01-01 $1.00=539.88 CRC
2010-01-01 $1.00=546.48 CRC
2011-01-01 $1.00=497.24 CRC
2012-01-01 $1.00=490.47 CRC

The rate fluctuated quite a bit in 2011 and there was a spike on January 1 (what happened on New Years Day?) but since January 2nd of this year the rate has been almost flat:

[i]https://www.welovecostarica.com/members/viewimage.cfm?ImgID=915[/i]

http://www.exchangerates.org.uk/USD-CRC-exchange-rate-history.html

[quote=”DavidCMurray”]
I’ll mark my calendar for January of 2016 and we’ll see if your doomsday scenario pays out.
[/quote]

Me too. The frequency of doomsday predictions has been so high that I wonder why anyone pays the slightest attention to them. Apparently there are a lot of people who either never read the story of the boy who cried wolf or don’t get the moral of the story.
[/quote][/quote]

Just wait untl the Fed has to stop printing money, I read an article that they can’t stop at the moment, if they did total economic collapse would pretty much be the result. The Fed and IMF are trying to figure out what to do for the very near future.

All this printing and it is given to banks has propelled the NYSE to new highs…..but this too shall correct itself and not in a pretty way I am betting.

Stay in your seats and keep your seat belt on, it’s going to get bumpy kids.[/quote]

[Kwhite1]

[quote=”davidd”]Kwhite

well- according to Sweikert everything is hunky dory

and crime is down in Chicago

so we have nothing to worry.:D:D:D
quote]

It is all hunky dory isn’t it? That’s what we have been told by the boys and girls in DC, they would not mislead us would they? Crime is certainly improving in Chicago, historically the first 4 months of the year marked 100 murders, this year they only hit 90 during the first 4 months. a .08% improvment!! Hell, I might even move there now….

[Imxploring]

[quote=”kwhite1″][quote=”davidd”]Kwhite

well- according to Sweikert everything is hunky dory

and crime is down in Chicago

so we have nothing to worry.:D:D:D
quote]

It is all hunky dory isn’t it? That’s what we have been told by the boys and girls in DC, they would not mislead us would they? Crime is certainly improving in Chicago, historically the first 4 months of the year marked 100 murders, this year they only hit 90 during the first 4 months. a .08% improvment!! Hell, I might even move there now….[/quote]

Thank colder weather and the price of bullets…. local Walmarts are even limiting your ammo purchases to three boxes a day in New York. But you can still buy cigarettes on every corner and at your local Walmart!

[Kwhite1]

[quote=”imxploring”][quote=”kwhite1″][quote=”davidd”]Kwhite

well- according to Sweikert everything is hunky dory

and crime is down in Chicago

so we have nothing to worry.:D:D:D
quote]

It is all hunky dory isn’t it? That’s what we have been told by the boys and girls in DC, they would not mislead us would they? Crime is certainly improving in Chicago, historically the first 4 months of the year marked 100 murders, this year they only hit 90 during the first 4 months. a .08% improvment!! Hell, I might even move there now….[/quote]

Thank colder weather and the price of bullets…. local Walmarts are even limiting your ammo purchases to three boxes a day in New York. But you can still buy cigarettes on every corner and at your local Walmart![/quote]

Whats the world coming to when the economy affects the murder rate, shameful. They need to stay commited and have some conviction! Don’t let the price of ammo deter you!!

Wal Mart in Fla has a 1 box limit on ammo. Thank goodness I had been buying by the pallet for a few years. When Wal Mart runs out they call me for a reorder, LOL.

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