Russia said yesterday it had abandoned efforts to tie the rouble's movement closely to the dollar and switched to shadowing both the euro and the US currency.
The move heightened expectations that other countries operating de facto dollar pegs, such as China, could follow suit.
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Russia had announced its intention to introduce a basket arrangement last April but did not set a firm date for the change. The Bank of Russia, the central bank, has been building its euro reserves in readiness, with some 30 per cent of its reserves now estimated to be in euros, against just 5 per cent in 2000. Traders said it appeared Russia had begun to loosen its peg to the dollar in October, when the rouble began to strengthen against the dollar while the US currency fell strongly against the euro
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The Bank of Russia said it has been using a basket consisting of 0.1 euro and 0.9 dollars to target exchange rate policy since February 1. With the euro trading near $1.30, this currently gives the euro a 13 per cent weighting in the basket.
i've always thought that these kind of places have an undercurrent to them that has to do with the Great White Fantasy of going on safari. buy a vacation home in some little banana republic, hire a bunch of nubile underage servants, who gently waft fans to cool you while you sip daquaris and read hemmingway.
of course, i've heard that most of these places are as authentic as disneyland, but then again i avoid vacation communities like the plague.
chicago dyke |
Homepage |
02.05.05 - 2:41 pm | #
Who would want to retire here? I mean, with the bread riots warming up in the wings, millions of newly minted and highly trained terrorists about to come out of Iraq, and the economy on the fast track to the shit house, you'd have to be crazy to spend your "golden years" here.
I'd guess most Newmax readers will want to head to Argentina. Low cost of living, and demonstrated friendliness to extreme-rightwing types.
Derelict |
02.05.05 - 2:42 pm | #
Grix - right click on the timestamp and select "Copy Location".
NTodd |
Homepage |
02.05.05 - 2:43 pm | #
How many of those "offshore Edens" have socialist governments, I wonder?
tigrismus |
02.05.05 - 2:44 pm | #
Cheney is more dressed for respect than Sharon Stone
It was very disconcerting to see two similar pictures in the Post-Gazette on Jan. 29, with such dissimilar commentaries.
In the story concerning Vice President Dick Cheney's official visit to Auschwitz, the fashion editor of The Washington Post, Robin Givhan, criticized Mr. Cheney's parka and knitted ski cap -- saying he looked like an awkward child amid well-dressed adults ("Cheney's Parka and Boots Stand Out at Ceremony").
Too bad Ms. Givhan didn't attend the World Economic Forum in Switzerland and see Sharon Stone in jeans and boots slouching slovenly in the front row like an awkward rude teen-ager ("Sharon Stone Puts Spotlight on Malaria Aid"). At least Mr. Cheney didn't stand up and rudely interrupt the main speaker at Auschwitz, as Ms. Stone did at the Forum to announce she was giving $10,000 to Tanzania's anti-malaria effort.
A most worthy cause but couldn't she have been more respectful in her attire, posture and timing, or doesn't that apply to movie stars?
Just part of that love-(mostly)hate relationship stench that most wing-nutters have of America that pasting a yellow ribbon and a flag the size of a billboard on the back of their SUV can't cover.
bcf |
02.05.05 - 2:44 pm | #
I got that email as well - subscribing to NewsMax let's you see where the next big thing is going to be. And, apparently, the big things that made the locations "paradise" was the presence of servants.
You look out your window, past your gardener, who is busily pruning the lemon, cherry, and fig trees...amidst the splendor of gardenias, hibiscus, and hollyhocks.
The sky is clear blue. The sea is a deeper blue, sparkling with sunlight.
A gentle breeze comes drifting in from the ocean, clean and refreshing, as your maid brings you breakfast in bed.
For a moment, you think you have died and gone to heaven.
Yes, heaven is where underpaid natives take care of your every whim while you watch them. How...colonial!
NewsMax readers must be rather un-American. Once upon a time, such fawning upon the wealthy by servants was considered to be European and Old World.
Now it's a "lifestyle to be envied".
Louise |
02.05.05 - 2:47 pm | #
hey all, time for me to run. but i'll be in Motown tonight, on Michigan ave at a couple of bars. one is called 'the works' and it's one of detroit's better dance spots. after hours, i'll be at a new little place that is owned by a couple of friends of mine, no name, just a few blocks south of the works and on the same side, between a bbq joint and a funky item store. love to see any motown eschatonians there!
and thanks so much for the fabulous discussion downthread about the endtimes. it felt good to get that off my chest, and to read all of your thoughts. atrios, you really are a brilliant teacher most times.
chicago dyke |
Homepage |
02.05.05 - 2:49 pm | #
I'm going to Wright Co. MO. I believe that qualifies as another country.
1watt |
02.05.05 - 2:50 pm | #
If that's the best they can do...
Did I miss something? Is Sharon Stone running as vice-president on the Hillary ticket?
Another Bruce |
02.05.05 - 2:50 pm | #
The real issue here is that taxes are negligible in such places. Wingnuts don't like to pay any of their fair share towards the great society they have taken advantage of. It's the patriotic Amurken way.
Jim |
02.05.05 - 2:53 pm | #
Hey, chicago. If the car was up and running, I'd get down there. Have fun, be safe.
filkertom |
Homepage |
02.05.05 - 2:53 pm | #
Re: A Prayer for End Times
Dear Lord Ba'al (or whomEVER it may concern):
Please,
Before I am too old to do them any harm,
Before my fist has lost its pop;
Before I need both legs to stand, and can no longer spare a knee for the groin;
Before it hurts too much to really swing a bat at them, please...
Please, Just Lord Ba'al
Just give me 5 minutes alone in a closed room with just one of these feculent thieves...
Derelict, Haven't your heard? Argentina has a left leaning government now.
Karin |
02.05.05 - 3:00 pm | #
oops, meant that for a previous thread...
but the prayer is pretty multiversal, i think...
WoodyGuthrie'sGuitar (aka kono |
02.05.05 - 3:02 pm | #
In the name of Ba'al, I hereby pray for Bush, Cheney, Rummy, Condi, Colin (don't think we've forgotten, Quisling), Wolfie, Ashcroft (ditto), Timmeh, O'Lielly, Sean, and Rush to be locked together in a 10x10' room with two hatchets, no doors (lowered from the ceiling, then the rope pulled out), and WGG has the video rights.
filkertom |
Homepage |
02.05.05 - 3:05 pm | #
I agree that we should offshore all readers of NewsMax.
Eligere |
Homepage |
02.05.05 - 3:08 pm | #
I'd guess most Newmax readers will want to head to Argentina. Low cost of living, and demonstrated friendliness to extreme-rightwing types.
Derelict,
Do you really think the right-wing types would wish to learn to speak Spanish? Why are you tarring Argentinos with that brush? Are you referring to Néstor Kirchener? Please be more specific with your accusations.
Perdita Durango |
Homepage |
02.05.05 - 3:09 pm | #
Don't let the door hit you on the way out.
ponte |
02.05.05 - 3:15 pm | #
CHris Ruddy= running a hippy anti american site with a neocon trojan horse ambiance.
jr |
02.05.05 - 3:24 pm | #
Uh, Perdita? That was probably a reference to the Dirty War and/or Argentina's reputation as a home to ex-Nazis. I believe Peron was a Nazi sympathizer, too.
Have fun in Motown, Chicago Dyke. I gotta say I just don't see myself ever living there again.
M. |
02.05.05 - 3:27 pm | #
Uh, M, I thought this thread was about folks retiring abroad either now or in the future. How does Peron's alleged sympathy impact Kirchner's current policy?
Perdita Durango |
Homepage |
02.05.05 - 3:37 pm | #
Yeah, M. hit it.
Substitute some other country with a right-wing, Nazi-friendly regime if you please--my post was a play on the past.
Derelict |
02.05.05 - 3:38 pm | #
Derelict,
I think they would perhaps feel more comfortable staying in America if the requisite is a right-wing, Nazi-like regime. I'm thinking about now.
Perdita Durango |
Homepage |
02.05.05 - 3:41 pm | #
I'm a soon to be ex-pat, moving to Argentina, and I blanch at the idea of wing-nut Americans in the midst.
Perdita Durango |
Homepage |
02.05.05 - 3:45 pm | #
It's the old, running joke of the Old South rising again from Brazil, or Martinique or wherever. I know, some actually went ex-pat there after The War, and some very few still traipse off there sometimes. But to invest in such a movement would be like investing in production of klucker robes - more of a vanity play.
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QuentinCompson |
Homepage |
02.05.05 - 3:47 pm | #
I signed up for NewsMax spam too, just to see what the other side was blathering about. Can't even bring myself to read it anymore. It just goes into the trash folder.
geor3ge |
Homepage |
02.05.05 - 4:44 pm | #
Not only servants with low wages but also no Social Security contribution by their employer - no wonder Snnozemax thought it was heaven...
George Johnston |
Homepage |
02.05.05 - 5:13 pm | #
I love it! And I assume that NewsMax is suggesting going to countries where English is not the language of commerce/law/politics. If so I hope they are encouraging their American friends to learn the native language as much as they rail against immigrants to the US to learn English.
chica toxica |
02.05.05 - 5:34 pm | #
Edens? The government changes, your $150,000 mansion gets confiscated. There are no edens. May as well stay here in your son's basement, getting drained by Medicare co-pays and dealing with $2,000 catscans for nosebleeds.
Reality Check Bouncer |
02.05.05 - 7:05 pm | #
I agree that we should offshore all readers of NewsMax.
I've got it! Let's send em to Cuba!! Or how about Haiti, where they can see the results of free market capitalism first hand.
gene214 |
02.05.05 - 8:23 pm | #
Newsmax, much to my distress, is a member of the Better Business Bureau's BBBOnline program. We have to keep them because we don't get any complaints. If everyone who got one of these spam messages would go to www.bbb.org and file against them, we'd be able to revoke their participation and all would be well again.
BBB person |
02.07.05 - 1:01 pm | #