sandspider

Some Latin American Markets Show Profit Potential in 2009, Others Pose Risk

And Chile is far and away more stable then most. fiscal responsibility like you stated...plus it is becoming a nice place of refuge for ex-pats from around the world. It is modern with 9 universities and is getting into fiber optics, lasers and other high tech disciplines. In the Southern half you will find Brits, Scots, Irish, Germans, Austrians and Swiss all trying to escape high taxes. Once I finish this stint in the Middle East I am heading there too. Prices are lower then the US and taxes about a third of what we have to pay. After the new administration takes office in the states I am sure it is only going to grow that much faster. The Chilian Peso may not look that hot against the dollar or LB or euro but it is a whole lot more stable. Chile is the most free of all of South America and probably all of the America's. There the government does not touch your retirement. All you have to show is that you are investing 10% of your funds towards retirement. Privatization of Social Security would be great in the US but hell the states is not that forward looking. More socialism and controlled markets is what is in the works for the states. Bon Vouge...there is a fair wind a blowing...time to set sail and go

Argentina and Brazil Abolish Dollar in Bilateral Trade

Interesting article and to the point without a lot of guess work. But to add some guess work; it appears that the dollar is losing some stroke. The Gulf Cooperation Council comprised of Saudi, Kuwait, Bahrain, Omar, Qatar and UAE are looking at fewer dollar exposure as well. They are even considering their own currancy. Considering what the Kuwait Dinar ratio to the dollar is....the Euro could be in for a pounding as well. Stories of "others" bailing from the dollar... "and all the kings horses and all the kings men couldn't put........back together again."