Us Dollar Worth Less Then Swiss Franc

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Originally Posted by Kirkland Laing

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Originally Posted by Lyle

Well seeing how we're in the biggest debt the world has ever known it makes sense to devalue the dollar to pay off the debt.



Also if you believe in the Amero (a monetary union of Canada, Mexico, and the USA made to counter the Euro) then it would only make sense to devalue the dollar to get the American public behind such a plan....if one exists.



Either way it was bound to happen.....also if you devalue the dollar enough maybe you ease the undocumented migration to the US.

I am not for this because it makes travel impossible but oh well shit happens, the money will come back up in some form

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80% of the stuff Wal Mart sells is foreign imports. What happens when you walk into Wal Mart and the price tags make you think you've wandered into Neiman Marcus by mistake ?

What about $10 a gallong gas?

What about double digit interest rates because foreign creditors holding your depreciating dollars demand ever-higher rates of return to keep buying them ?

What about double digit inflation to go with it ?


In a couple of years the economic situation will get to a point where Americans will start paying attention to what's going on in the economy. Hopefully. And more hopefully Lumpy McCain will win the election and continue the same dumbass policies that got us here so that Obama doesn't get the blame and become the new Jimmy Carter.


Vote Lumpy '08.

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the opposite is also true though. the higher the price of imports means that domestic producers are more competitive in the global markets, and also more competitive at home.

it's incredibly complex.... issue such as these.... that's why everyone argues over weak dollar stong dollar and everything else.

Our interest rates have gone up HUGELY over the past 2 years as well... As all our major banks and financial institutions have a lot of money invested in America and it's economy/dollar.... So they pass on all their losses to us... Next thing we'll be having a housing market crash, so we're not to far behind you guys i'm thinking.

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Originally Posted by Lyle

Kirkland you are a doom and gloom guy when Republicans can claim any power at all.


These things happen and it's not unusual for them to happen in an election year.


The economy should be the LEAST of Obama's worries considering his ties to Rev. Wright and Farakhan.

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Yep, those Republicans almost never have any power. It's not like they've had a virtual lock on the presidency for decades, is it ?

It's dumbass Republican policies that are responsible for the current economic situation.


I'll be delighted if Obama loses and Lumpy wins, like I already explained.

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Originally Posted by Von Milash

as soon as congress irons out the subprime issue and all that bad debt has flushed itself from the system, the dollar should, SHOULD come back at leaset somewhat. other problems beyond that (ie, the war) this is the main issue right now for its drop in value.

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How does congress fix the subprime debt problem, and even if they could wave a magic wand how does fixing subprime debt change the overarching reasons why the economy is screwed ?

The dollar is screwed because the fed has printed historic quantities of dollars over the past seven years to ameliorate any economic bumps in the road and has thrown epic levels of liquidity at the markets, also because the US has huge twin deficits and no fiscal credibility with creditors and forex markets. Subprime is a drop in the bucket as far as the weak dollar is concerned.

.....and you said the Amero was just a figment of people's imaginations. The only way it could come to fruition would be to devalue the dollar in a horrible way to get the American people behind the idea of new currency.


Gold is the only REAL money

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Originally Posted by Lyle

.....and you said the Amero was just a figment of people's imaginations. The only way it could come to fruition would be to devalue the dollar in a horrible way to get the American people behind the idea of new currency.


Gold is the only REAL money

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Urban Legends Reference Pages: Amero Coin

The amero conspiracy - The Boston Globe

......yes and EVERYONE saw the Euro coming miles away

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Originally Posted by Lyle

......yes and EVERYONE saw the Euro coming miles away

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They talked about it for thirty years then signed an agreement to do it within the next ten years.

It's an urban myth.

WASHINGTON (AP) — Federal bank regulators plan to increase staffing 60 percent in coming months to handle an anticipated surge in troubled financial institutions.
The Federal Deposit Insurance Corp. wants to add 140 workers to bring staff levels to 360 workers in the division that handles bank failures, John Bovenzi, the agency's chief operating officer, said Tuesday.
"We want to make sure that we're prepared," Bovenzi said

The Associated Press: FDIC Plans Staff Boost for Bank Failures


March 25 (Bloomberg) -- Wall Street banks, brokerages and hedge funds may report $460 billion in credit losses from the collapse of the subprime mortgage market, or almost four times the amount already disclosed, according to Goldman Sachs Group Inc. Profits will continue to wane, other analysts said.

Bloomberg.com: Worldwide




http://bp1.blogger.com/_NxTYNuYWCls/...sniff-glue.jpg

Complain, complain, complain....you don't even live here.


Can't you find something to bitch about in England?

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Originally Posted by Kirkland Laing

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Originally Posted by Von Milash

as soon as congress irons out the subprime issue and all that bad debt has flushed itself from the system, the dollar should, SHOULD come back at leaset somewhat. other problems beyond that (ie, the war) this is the main issue right now for its drop in value.

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How does congress fix the subprime debt problem, and even if they could wave a magic wand how does fixing subprime debt change the overarching reasons why the economy is screwed ?

The dollar is screwed because the fed has printed historic quantities of dollars over the past seven years to ameliorate any economic bumps in the road and has thrown epic levels of liquidity at the markets, also because the US has huge twin deficits and no fiscal credibility with creditors and forex markets. Subprime is a drop in the bucket as far as the weak dollar is concerned.

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Subprime is the main culprit. The US can say fuck you china, what trade deficit. congress didn't create the problem per se, but a lack of regulation in the housing market coupled with historically low rates b/c of 9/11 did this.

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Originally Posted by Von Milash

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Originally Posted by Kirkland Laing

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Originally Posted by Von Milash

as soon as congress irons out the subprime issue and all that bad debt has flushed itself from the system, the dollar should, SHOULD come back at leaset somewhat. other problems beyond that (ie, the war) this is the main issue right now for its drop in value.

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How does congress fix the subprime debt problem, and even if they could wave a magic wand how does fixing subprime debt change the overarching reasons why the economy is screwed ?

The dollar is screwed because the fed has printed historic quantities of dollars over the past seven years to ameliorate any economic bumps in the road and has thrown epic levels of liquidity at the markets, also because the US has huge twin deficits and no fiscal credibility with creditors and forex markets. Subprime is a drop in the bucket as far as the weak dollar is concerned.

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Subprime is the main culprit. The US can say fuck you china, what trade deficit. congress didn't create the problem per se, but a lack of regulation in the housing market coupled with historically low rates b/c of 9/11 did this.

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Subprime debt has almost nothing to do with why the dollar is tanking. It's just the part of the current financial crisis that you're aware of, but the dollar is falling for the reasons I already posted. China is America's reserve banker -- if you told the bank holding your mortgage papers to fuck off, would that be a smart move ?

It's not the housing market that needs regulation, it's the financial system.

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Originally Posted by Lyle

Complain, complain, complain....you don't even live here.


Can't you find something to bitch about in England?

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I pay my taxes to the IRS, that gives me the right to complain. I'd rather not complain -- I'm not doing this to bash America, I'm complaining because things are fucked up right now with unpleasant consequences for all of us.

#1 Von if we didn't recognize our debt the entire global economy would crash and then the US and China would be in a REAL war and not just dislike each other.


#2 Kirkland perhaps you could explain to me why Ireland is doing so well economically these days???

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Originally Posted by Lyle

#1 Von if we didn't recognize our debt the entire global economy would crash and then the US and China would be in a REAL war and not just dislike each other.


#2 Kirkland perhaps you could explain to me why Ireland is doing so well economically these days???

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Ireland was doing well economically.

The country had a massive surge in construction and development over the past ten years.
This was largely due to a surge in finance which could be attributed to smart trade by the government, entrepeneurism and in particular the use of Ireland's tourism industry.

Ireland also benefited from it's place in the European community and exploited it's green image when trading internationally.

In short, the governemnt made a great short term plan, which raised a huge amount of capital.

Unfortunately the Construction Industry is now in recess. Domestic, Industrial and Commercial construction is near a stand still, House prices are dropping and the country is undergoing an unemployment epidemic in the area of building services.

The government will now try to use the revenue that was earned and translate it into a new strategy.
So in fact the economy is buoyant, the past has ensured a bit of security for the future, but one could hardly say the economy is doing very well anymore.