Us Dollar Worth Less Then Swiss Franc

**Von Milash** · 03-24-2008 04:34 PM

Originally Posted by Kirkland Laing

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

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.

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.

**Dizaster** · 03-24-2008 09:03 PM

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.