LOOKING GLASS ..::: by Humberto Campodonico :::.. - 23/03/2011
On Monday the dollar fell from 2.69 to 2.82 in one day, the "climb" highest of the year. Why has it happened that when the trend is rather that the dollar will depreciate because financial markets are full of dollars that have no place to "park" and come to our markets?
also remember that we are in time to pay income tax through March, making "normal" companies to sell dollars for such payment, which is why the dollar should fall and not up.
The general consensus is that this is a speculative bubble driven in part by a report from Barclays Bank that "advised his clients to buy dollars at the possibility of Humala reach the second round presidential. " Ojo is not the first time that the Barclays practices what might be called "financial terrorism".
So did last September when he said that Peru could suffer a financial jolt as go international markets concerned by the rise in the polls Susana's candidacy for mayor Villarán Lima. " Guess who picked up the story immediately. Matched, was PPK (1).
candidate has had enough experience PPK those duties it was he who proposed to Augusto Alvarez Rodrich "said Javier Diez Canseco, participate in a" dirty war "against Ollanta Humala in 2006, Alvarez was not accepted, should be emphasized that Alvarez has not provided the name of the instigator of the" dirty war "but reports that the incident occurred.
The bottom line is that 2006 is not 2011, as we just said the rating agency Moody's: "All candidates support the continuity of economic policy, with candidates such as Humala, who in the past gave a discordant note and campaigned for break with the current economic policy mix, moving more toward the center. "
But that is not accepted by the larger interests of the economic right to choose the "dirty war" against Humala. With speculation, which is intended to scare the Peruvians, especially the poorest, telling them that if they vote for Humala dollar is more expensive, there will be inflation and also political instability. If this is not "financial terrorism", the truth is that it comes pretty close.
Therefore, it is likely that only we at the beginning of a campaign of dirty war of incalculable proportions as there was against the presidential candidacy of Lula in Brazil in 2002 (always keeping the distances, because Brazil has 20 times more economic and financial power us.) It is therefore vital that the current government authorities, such as, for example, the Minister of Economy, go ahead and condemn any attempt to "dirty war"
addition, BCR president should tell us that the issuing entity will continue to foster that "there is volatility" in currency markets and will defend us from any speculative attack international or domestic, for that serve as international reserves, which exceed U.S. $ 43.300 billion, while foreign exchange position and exceeded U.S. $ 33.400 million.
the BCR in 2006 when he's "dirty war" that encouraged PPK: left front and bought dollars, thus defeated the speculators who ran away with singed tail. Do not expect anything of the current authorities of the Central Bank, if it continues the "dirty war" speculative. " Is not that right?
(1) See "PPK and the three reasons the judge" www.cristaldemira.com , 22/09/2010.
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