This new current has contributed to the reached record of volatileness during the crisis, and has been in the appreciation of the American dollar (USD) and the Japanese yen (JPY) mainly, to the detriment of currencies of “high risk” like the Canadian dollar, the Australian or the New Zealander. Since the aversion to the risk always brings with himself an important reduction of the flow of capitals, it is possible that in the present economic context the currencies revert at their levels PPP of long term?

As or we commented in Speculating with currencies, the theory of the PPP (purchasing price parity or parity of the spending power) is one on the attempts to determine a datum point which the currencies lack. This theory establishes that the types of change are determined by the relative prices of similar baskets of goods, and therefore anticipates that the changes in the rates of inflation are compensated by equal but opposed changes in the types of change. Thus, the currencies would have tender towards a level where the real price of the things is the same in all the countries, that is to say, if the goods and services are too expensive in a country, its currency would have to fall in the long term (and vice versa).

Taking the classic example from hamburgers and the famous index Big Mac, if a hamburger costs 4 dollars in the United States and 2 pounds in the United Kingdom, then in agreement with theory PPP, the type of change GBPUSD it must be of two dollars by each British pound. If the type of change of market were $1.7 by pound, then the pound would be undervalued and the overvalued dollar.

Under the recent conditions of extreme volatileness and lack of liquidity, it can be instructive to throw a look to the value that would have currencies if their movements were determined exclusively by the dealt goods. It is clear that in surroundings of recession at world-wide level, the commerce of goods is seen directly affected, but this is something that does not affect the comparisons by PPP, since the determining factor is the level of prices within each local economy.

The Organization the International of Cooperation and Economic Development (OECD by its abbreviations in English) has published the types of change PPP recently. Next one is to a table with different currencies from the countries of the G10 and their values in PPP compared with the rate of change of the market (to day of today), using the USD like reference:

I consider important to read it since in the rumors are clarified that to it have against all the intermediary companies that operate in the market forex.

The content of the email is the following one:

“Before the frequent references to the recent phenomenon of pyramids of apparent investment in Colombia and the commentaries product of the disinformation or the bad intention on the part of people who do not know our company, we want to clarify that the situation of Forexmacro does not have anything to do with mentioned pyramids.

We suggest to pay attention to the following aspects that clarify to our system of investment and its difference with another type of activities:

1 – Pick up of money:

The pick up of money in Colombia is regulated by Decree 1981 of 1988 and Decree 2920 of 1982. It consists of receiving in massive and habitual form money of the public in some premises destined for it, money that can be given back with interests if they are deposited in saving accounts, CDTS, or they are given back with yields if they have been given like investment (example, to a house of brokerage in stock-market of values).

In order to catch money of the public it is required to be authorized and watched over the Financial Supervision.

No promoter of

ForexMacro catches money of the public in Colombia, since what we do it is to promote this company with soothes in Panama and that it operates the currency market in Switzerland and England. Therefore, each investor directly sends his money by banking transference to the outside, an authorized company to catch capitals and to operate them in market Forex the currency.

We want to remember that Decree 4814 of 2007 regulates the investments of capital in the outside, one of whose modalities it is the “currency export as he contributes direct of capital to a company” (43 Art.s literal b) and that “the Colombian investment of capital in the outside, is initial investment or additional, he does not require of authorization” (Art. 44 of the mentioned Decree).

On the other hand, Art. 38 of the Exchange Statute establishes that “the residents in the country will be able to grant endorsement and guarantees in foreign currency to endorse any obligation derived from an operation of change and the respective currency income and debits will have to be canalized through exchange market”.

2 – Hostile articles of blog:Some people have read blog that trader of Cali she publishes in the capital newspaper in which she talks about the Forex, doing suppositions that take by truths without to have investigated the sufficient thing, or perhaps because it has their own interests see and them threatened by the new system of investment that clears to him possible clients to him.

It is to trader that it works for the company FXCM from which receives commissions whenever a new client register in her through Link that offers in his blog.

According to him, is good abrir account direct with broker (obvious in broker that to him commission pays to him), instead of to invest the money to a company that operates the Forex and returns a yield to the investor; but it does not mention that 95% of the people who operate directly accounts of Forex lose their money in just a short time since to operate is a profession that requires much study, experience and to have personal count with great capital.

In a small account, the losses – by which they are can take to lose the margin of the same and to that is impossible to recover the losses; but the gentleman does not motivate people abrir accounts “from 300 dollars!

Present Téngase that accounts inferiors to 20,000 dollars have highest risk of losing the money when operating it in Forex; these are statistical real that can be found serious anywhere of Internet that informs on the Forex.

The gentleman comments that he does not trust money that go to Switzerland, when we know that is a country in which are some of the banks and to broker greater of the world, and the Bank the International of Payments to which the central banks of the main economic powers go.

Forex so is regulated in Switzerland as it is it in England or the United States and even more. The accounts of ForexMacro and FFX compromise with broker IFX Market and Dukascopy, company leader in their sort, that serves as platform to several banks for the transactions in Forex and that does not admit individual small accounts of traders; in Dukascopy you cannot much less abrir a count with 30 thousand, 20 thousand or ten thousand dollars, with US$ 300, which is a guarantee for those who operates and not a deceit as it happens with many broker that what they look for in remaining with the little money of thousands of inexpert operators.

3 – Pyramid:

The mentioned author of blog, makes clearly slander affirmations against ForexMacro when comparing it with a pyramid, like which at the moment they are being persecuted and being closed in Colombia for being illegal pick up of bottoms of the public.

As the pyramids have some similarity with the marketing system multilevel (that is legal anywhere in the world), it is not necessary to let itself confuse.

Next we explained the difference.

A pyramid is a based structure in which those that has entered (giving certain sum of money) must convince to others so that they enter then otherwise will not be able to reclaim his money.

Therefore, the money of that enters serves to pay to that they are above of him, is a money that does not go to any real investment.

The pyramids grow very fast and when they are increasing in depth levels (7º, 8º, 10º etc.) have reached to tens of thousands of people, from who first that entered they have only received multiplied its “investment” but the thousands that came behind will not reach to reclaim the money that gave because it arrives a little while in which they are saturated and they do not have more people to those who to convince to enter.

A marketing system multilevel, on the contrary, is based on a product or service that instead of to use the habitual channels of sale (publicity in massive, distributing, selling, intermediary means of etc., points of sale) rather resorts to the same buyers that or have undergone the quality or kindness of their product, so that they can recommend other people.

Who makes the recommendation and invites to others to consume that product or service, she receives a compensation for that reason (commissions by sales). Whatever more people are able to invite a promoter of a multilevel, greater it will be his network and therefore majors his commissions.

In these systems, the people whom money enters delivery to buy a product (it does not stop to pay to “those of above” of the network) and the company dedicates a percentage of its gains to compensate its promoters.

All company has a commercial department that moves the sales of the product (it needs for example to pay warnings of press, publicity by television, or in magazines of massive circulation, to publish million pamphlets, etc. etc.); in the case of the companies of Multinivel all that money of the commercial department goes directly to its promoters who are those that moves the sales of the product or service.

The multilevel is a system of very successful trade and has allowed the development of gigantic multinational companies such as Amway, Avon, Nature Sunshine, Forever freedom the International, to only mention some that are very known in Colombia and other countries.

ForexMacro, escogio the system multilevel of investments like trade strategy. That means that the investor who invites other investors, receives a small commission according to the amount of the capital that is managing to direccionar towards the company.

The money that any investor sends to ForexMacro does not go to pay to other people who have entered before he: that money goes when broker IFX Market and others brokers in Switzerland and England, where it will be used in the operations of purchase and currency sale looking for to obtain high performances in this way.

The company could close the system for new investors and those that already are in her would continue winning because the money obtains yields of a real investment as they are the currency transactions in the Forex market, that is greatest and profitable of the world.

In

FOREXMACRO, does not commit anybody to become promoter of the company: if you invest and she does not invite more to anybody, she is not going to lose his money: on the contrary it will receive the yields month to month according to the personal capital that entered.

The investor who wishes the time to be promotional of the company, will receive commissions that – although they are small by each level with the progressive increase of the network that is forming, become excellent monthly income, to which the yield of its own investment is added.

4 – Suggestion to the investors in Colombia:

When a company has been to few months or years of operation, it is normal that doubt exists on its capacity to maintain itself in the market. And when it grows and it is successful, it is normal that it affects the interests of other companies to which can diminish its base to them of clients.

From these two facts (newness of the company and growth of the same) often unfounded commentaries or rumors and that always arise they are repeated by other people who not even occur the time to find out the truth of the facts.

It is verified that the negative rumors spread much more fast that the objective information; that is the reason that the calumny is a crime because can quickly destroy the fame of a person or company.

In order to plan his financial future, an investor goes to true experts, serious and impartial, interested in helping him to improve his economic level. He does not go to people who do not have knowledge nor experience in the world of the investments.

He is careful to analyze the commentaries of “parcializados experts”, who represent companies of the competition, because they are looking for an own benefit. An experienced investor is based lightly on facts and not on opinions, since the opinions the majority of the times occur unfounded, or with bad intention.

All the rumors that have arisen come from people who do not know the company, that has not invested in her and therefore they are not right any objective to endorse his opinions.

Until now not one investor of FOREXMACRO does not exist that makes bad commentaries on the company; on the contrary, they are the thousand testimonies of the benefit that they are obtaining and from the way since they have seen grow and improve the structures of the company at all level: office staff, technological, educative, human, as well as the attractive development of the compensation plans and the bonds of leadership.

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This it was the official notice, which to modified converva original as recibi, we hope this type of rumors is not finished soon and with time it is verified that really these opportunities of investment if they exist and that we have verified it many investors who we invested in this type of companies.

In this article they would find but information as far as the pyramids and their difference with marketing multilevel:

1. Making an Investment. In this point we must have the open eyes or, and analyze much to that company or person we are going to give our money to him. Or that if we ourself we are going to operate in the market or if we are going to contract the service of trader professional, we must make a meticulous selection of broker contract, in which country is located, its stabilisation, the time in which one is operating, etc. We are going to see this point at greater length
2. Administrator of Accounts. That is to say, to become trader professional, and handling accounts of third people. Here our gain will depend on our skill in the TRADING.
3. Like Agents IV. An agent IV is the person who takes new investors brokers. Brokers pays a certain commission by each operation that makes the investors who we have referred.

A statistic in the Forex exists, only 10% manage to obtain gains in its operations, therefore the preparation and the practical one are essential to manage to be between this 10%.

President Obama and his new government have adopted a series of measures to deal with the financial crisis. We have expectations as to the effects of these measures. We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.

While the announcement represented political posturing (to an increasingly restless, domestic Chinese audience), it should nonetheless be heeded as a warning, that the US cannot expect China (and other foreign Central Banks) to fund US budget deficits indefinitely.

Let’s put aside the rhetoric for a moment, and examine the data. This week witnessed strong demand for Treasury securities, which were auctioned by the Treasury Department on consecutive days. Despite historically low yields (see chart), investors continue to snap up Treasury Bonds, mainly for the sake of risk aversion. The newly-revived issuance of 30-year bonds also went off without a hitch, and were more than 2x oversubscribed. Most relevant to this discussion is the fact the foreign Central Banks accounted for as much as 46% of demand!

The most recent Federal Reserve Statistical Release paints a similar picture. While foreign Central Banks and other international institutions reduced their holdings of US government securities slightly from the previous week, the decrease was essentially negligible. Overall, such entities have increased their holdings by at least $440 Billion over the previous year, bringing the total to approximately $3 Trillion (depending on the data source). China’s contribution remains substantial. Of its $2 Trillion in foreign exchange reserves, “Economists say half of that money has been invested in United States Treasury notes and other government-backed debt.”

However, there are a few reasons why I don’t think this trend will continue. First of all, the buildup in foreign Treasury holdings that transpired over the last decade was largely a product of unsustainable global economic imbalances, as net exporters to the US invested their perennial trade surpluses in what they perceived to be the world’s most secure investment. Temporarily putting aside whether Treasuries are actually secure, economic indicators suggest that Central Banks simply do not have the capacity to increase their holdings by much more. China’s trade surplus plummeted to $4.8 Billion last month; one economist projects a surplus of only $155 Billion in 2009, compared to nearly $300 Billion in 2008.

You can also remove from the list Japan- the second-largest holder of US Treasury securities- which is now running a trade deficit. Instead, both countries have publicly announced plans to use some of their forex reserves to fund domestic economic initiatives.

Then there is the equally unsustainable short-term buildup in US Treasuries, which is largely a product of technical factors. As I mentioned above- and which should be clear to all investors- the current theme underlying securities markets is one of risk aversion. In fact, it now appears that a bubble is forming in the bond market, and “any exodus now could spark selling across the board. Foreign debt holders would likely repatriate their funds immediately to reduce the risk of being last to convert.” As soon as markets recover- of which there are already nascent indications- investors will probably reduce their holdings of government bonds, or at least not increase their holdings.

Even the most conservative projections indicate a cumulative budget deficit for the next few years measuring in the the Trillions. Unless the risk-aversion theme obtains for the next decade, it seems unlikely that foreigners can be tapped to fund more than a small portion, leaving the Federal Reserve (with the help of its printing press) to make up the shortfall.

This IAR gives a complete file to you of daily gains with very good historical results. It presents/displays very under percentage of days with negative results, light casualtieses that are covered by a reserve fund and which they mainly do not affect the investors.

Most extraordinary it is than this IAR really demonstrates to you that they operate in Forex. From your virtual office you can see in real time the purchases and sales that indeed realise in the different pairs from indicated currencies.

You will be able to observe that the offered plans generate daily gains variable, with surprising historical results, of the order of a 30% to monthly 50%, information that you can be verifying and contrasting with the transactions in real time carried out of Monday through Friday (labor days).

PanaMoney Technologies Inc. legally registered with the number #613557 the 25 of April of 2008 in the Public Registry of Panama like a company of investments offshore, when it was established by a group of investors, professional analysts and traders of Forex and programmers who developed an automated TRADING system very successful.

The specialty of PanaMoney Technologies Inc. is the transactions within the days (Intraday TRADING) in the currency market (Foreign Exchange Markets or Forex). Delivery information is transparent and in real time of all the realised transactions, with effective and an falsified highly profitable automated TRADING system that adapata to the different conditions of market, demonstrating itself that in the heat of economic crisis continues obtaining high yield.

Unlike the Mutual Bottoms, the amount inverted in these semi-adminstradas accounts of Forex is controlled directly by the client, who delivery instructions exceeds when and what even of currencies it must be compromised and what amount. Then, the system of PanaMoney Inc. Technologies automatically realises the rest of the work. The automated TRADING system crewado pro the company goes beyond the expectations and needs of its clients.

The company generates gains with its own capital, the margin generated between the gain of each transaction and the given maximum percentage to its clients in each Plan. The gains are accumulated in a reserve fund to assure that the clients do not have losses the negative days.

The objective of the company is to provide more the outpost and efficient technology with TRADING in Forex, with the best quality and competitive yield, services, excellent technical support, security of the inverted bottoms and control of the risk.

PanaMoney Inc. Technologies offers several Plans of Investment in USD (Dólares):

Trial in deposits from $30 to $49 during 16 days labor and daily gain of 0,5%

Beginner in deposits from $50 to $99 during 100 days labor and daily gain of 1,0%

Standard in deposits from $100 to $999 during 180 days labor and daily gain of 1,3%

Intermediate in deposits from $1,000 to $4,999 during 180 days labor and daily gain of 1,6%

Advanced in deposits from $5,000 to $9,999 during 180 days labor and daily gain of 1,9%

Professional in deposits from $10,000 to $14,999 during 180 days labor and daily gain of 2,2%

Expert in deposits from $15,000 to $19,999 during 180 days labor and daily gain of 2,5%

VIP in deposits of $20,000 or more during 180 days labor and daily gain of 2,8%

Examples: If you invest in the Beginner plan and a day gains of the 1,8% are generated, you will only receive the maximum one for the Plan of 1,0%. If another day the obtained result is negative, of for example -0,8%, then your gain will be of 0,0% and the loss will be covered by the reserve fund. If a day the gain is of 0,7%, then you will receive that same amount since this is within the established maximum rank for that Plan.