Posted on 09/20/2007 4:55:46 PM PDT by NYer
The article I read yesterday indicated they had absolutely no plans to do so, and would remove themselves from the dollar peg.
From what I understood in the article, the Saudi intent is to prevent monies coming into America (as it becomes cheaper for foreigners to buy up real estate, etc., here)...as the dollar becomes weaker, foreign currency becomes stronger, and buying out America becomes a “real deal” for outsiders....and we get screwed, of course.
If the Saudi’s prevent the inflow of money into America, that also means America doesn’t have the capital to reinvest, or buy....this would likely cause companies to cut back on expenses (the most expensive expense is employees)...so, layoffs and firings, here we come.
As bigger companies lose money, pull back on orders from smaller companies, etc., I can only imagine that smaller companies (not directly reliant on the foreign investment monies) will also have to have layoffs/firings and maybe go belly up.
This will worsen the economy, of course.
Too much instability right now. Just keeping some tech stuff that I know is intrinsically solid because I know the individuals behind the technology.
I just love it when a “plan” comes together, even when it’s by accident.
Best laugh of the day. foflol!!!
“and would remove themselves from the dollar peg”
Thus causing foreign investors across the middle east to dump the dollar, no? That’s sort of how I see it. Dollar value drops, along with some of what you mentioned. But I’m sure someone will come along to tell us that it’s in our best interest (no pun intended)
whoops, off with my head, this is my 3rd or so post to each of you within 24 hours...!!
I was wondering if they’d ever dealt with him or not. Too much energy expired (lol) Worth the laugh though :)
“dear leader” - Omg, that is horrific!
I darn near read the article again and it was painful the first time.
The article said that Kuwait had already removed itself from the dollar peg a few months ago (I believe).
Yep...my reading on it is the same. Much of the market is speculations, so, they’d want to dump before they lose money values themselves......
All of this will further increase the lowering of the dollar value.....
OTOH, the article did state that it didn’t see how Saudi Arabia could realistically prevent investments into the U.S. (there’s always ways of funneling monies). But, I don’t see why very many would want to heavily invest, in the short term, in the U.S. in the near future.
I think they will hold off.....it would likely be an imprudent investment for awhile....given the fact that it’s likely the value of the dollar will continue to tank.
Yep
thirty lashes (at least that’s better than 30 pieces of silver : )
That may be because they're getting way too much help in believing the unbelievable. You may have noticed a couple of regulars here on this thread, taking shots at those that dare discuss the real problems.
Exposing fools to their own foolishness is entertaining.
Amnesty on steroids.
“But, I don’t see why very many would want to heavily invest, in the short term, in the U.S. in the near future.”
Let’s stop and think about this nicmarlo. We have self-professed conservatives and patriots pushing for cheap labor through CAFTA and china-trade. I ask the rhetorical question of ‘what the hell are they going to invest in’? At what rail-crossing did conservatism and patriotism get turned sideways? I kid you not, you’ve seen the posts as have I...people are pushing for cheaper labor in foreign countries so we get a cheaper product. Ok, so then tell me what SA is going to invest in...logistics companies?
Mini-rant off.
I agree, and yes I noticed. It woke me up from a nap :)
Yep, I checked it out thanks. Was wanting to see what the ‘feel’ was for efforts here at FR against it.
Good question. What is there to invest in within the U.S. any longer? Our companies are being sent overseas. There aren't major manufacturing companies growing in the U.S.
The U.S. has become, primarily now, a "service economy." How do you "invest" in a service company???? There's no inherent value in any such kind of company...there's no real estate, machinery, equipment, or copyright. Those kinds of company's "values" and "worth" come from "service". Service is people ability....not product-ability. It's "paper" not something "tangible."
So....what is there any longer to invest in the U.S. is a good question.
And why is AFRICOM not getting any press? lol
wth is Africom?
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