Author Topic: Dollar decline.  (Read 884 times)

freespirit

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Dollar decline.
« on: April 29, 2007, 02:29:31 AM »
Any views on this:

http://www.reuters.com/article/ousiv/idUSN2632993720070427?src=cms


It's not the time to sit back and relax.

Slapper

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Re: Dollar decline.
« Reply #1 on: April 29, 2007, 08:56:39 AM »
So what is it exactly you suggest we do? I mean, what's (partly) causing this problem, the invasion of Iraq, is a no-talk subject. You have a fiscal (tax) system geared toward rewarding abusive spending (consumerism: buying houses, cars, IRAs, etc.) and penalizing the people who like to save money, whom eventually help lower inflation and raise the value of the dollar. Bottom line is the system itself is breaking down. It has happened to other empires in history and it seems stupid to go throught he same... Since we know better.

Western Europeans, our leaders like it or not, are quick learners. Their leaders make progressive decisions, and although once in a while they show their ugly side when an Iluminatii (Hitler et al) comes up, they do know how to get back on their feet faster than you can say "get up". They've gotten their economies to be less reliant on foreign energy sources, and some of their countries, Iceland or Denmark, are now at a point in which they do not need oil to be run. European leaders have scored contract after contract of natural gas and we're at a point now in which natural gas (liquified natural gas, aka LNG,) the next oil (at least for the next 20 years,) is being negotiated, worldwide, in Euros. Our "leaders" (since they have no fucking idea how to do anything except sending our kids to their death) stubbornly insist in getting the oil leftovers, knowing that production has reached its peak and the price is going to go up to the point that the majority of countries will turn to LNG. In the process pissing everyone off and the world eventually reaching a boiling point. We can only hope that when we get there no Bushes come along. The thought of it makes me tremble.

Getting back to the subject at hand, the (relative) value of the Euro has gone up because people around the world view the currency of the EU as a stronger currency than the US dollar. Then again... Wouldn't you? I mean, with Bush in power, the Corporatocracy that has taken over, moving funds from the mid and lower classes to that insatiable 5% of the richest Americans (via deficits), who in turn send the money to their factories in China, Romania, Poland, Indonesia, etc (away from the sacrosant IRS;) and hence not allowing US corporations (except warmongering stuff of course, in that we're cutting-edge) to produce something we can sell to the rest of the world; what can you posibly do?

I have an idea: Not vote republican. If you vote republican, and you are not rich, write it down: YOU WILL GET IT UP THE ASS! And I apologize to all those who vote republican, but your party has been taken over by CEOs and pastors. Bottom line.

Cya.

freespirit

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Re: Dollar decline.
« Reply #2 on: April 29, 2007, 10:48:19 AM »
The truth has never been popular.

Slapper

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Re: Dollar decline.
« Reply #3 on: April 29, 2007, 11:40:52 AM »
The truth is not popular indeed.

Look, bottom line is there was a time in which the money supply had to be backed by gold bullion in Fort Knox. Along come all these fundamentalist capitalists and they decide all this money being thrown around does not need to be backed by anything (while you and I, should we want to borrow something, must make a downpayment and posibly lose what we borrowed the money for). All of a sudden the Federal Reserve prints all this money and the US government forces many foreign governments to negotiate everything in US dollars... Which they do (by force). This got us to a point in which the Japanese own half of New York (thanks to all that electric junk they've sold to us) and the Saudis have a trillion dollars invested in US companies (bottom line, their dicks are rammed all the way up the Americans ass, courtesy of Reagan, Clinton-the fake democrat-and the Bushes).

At the end of the day, there's simply waaaaaay too many dollars being passed around, forcing its value down in comparison/reference to other currencies (aside from the Turkish lira). What will it take for the US dollar to get back to where it was? More US companies producing more goods that everyone else around the globe wants. The HUGE problem is that (I don't know if you've noticed) US manufaturing capacity has been partly transplanted to China and Mexico. Our scientists are no longer coming up with the best ideas/products because the best minds in the world are no longer coming to the US and mingling with our brainies, courtesy of Bush's "open borders" policy.

All in all, I think we're at the beginning of a very vicious circle which will most likely end in a recesion. Let's just hope it's not a de-presion, because inflation (a.k.a. now you own it, now you don't economics) can be a real bitch! 

If you seek not the truth then, by all means, keep fooling yourself.         

freespirit

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Re: Dollar decline.
« Reply #4 on: April 30, 2007, 01:38:52 AM »
So what should an American do with his savings? (Or anyone).

What about invest some money in gold? Gold is solid, reliable.

24KT

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Re: Dollar decline.
« Reply #5 on: April 30, 2007, 01:34:13 PM »
You do know that transcations with the Saudis are not settled in dollars don't you?
The Saudis accept nothing but gold.
w

freespirit

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Re: Dollar decline.
« Reply #6 on: April 30, 2007, 02:51:20 PM »
You do know that transcations with the Saudis are not settled in dollars don't you?
The Saudis accept nothing but gold.

That's a wise decision.

vikingpower

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Re: Dollar decline.
« Reply #7 on: April 30, 2007, 03:07:41 PM »
picutre teh amreekan economy as a giant bubble

in order to keep that bubble from bursting you need people so keep buying ... you need cash flows ... much like making a minimum payment on your credit card

the problem is you want to have a certain level of growth, so the cash flows have to keep increasing accordingly ... and that means you have to go to greater and greater lengths to keep this bubble

the bigger the bubble gets, the worse the crach will be (see roaring 20's + great depression)

without 911 that bubble would have burst earlier, pehaps even without iqaq (who were planning to  switch to the euro as their oil trading currency standard currency) the same would have happened

you can bet your ass when the bubbles bursts the people at the top of the food chain will be incredibly rich as the middle class disappears and the banks forclose on ...well everything

:(