Nice Stuff!
Posted on 10/25/2007 8:12:27 PM PDT by Philistone
To read the MSM headlines (which I try not to) the falling dollar is the end of the world. Maybe Wall Street should get a Noble Prize for their work in "Global Dollar Cooling". But seriously, what are the effects of a weak dollar?
1) Increased exports. Last month's exports were among the highest on record. Trade deficit? What trade deficit? Boeing, Caterpiller, Microsoft, Apple, etc. all with surges in foreign export sales.
2) Outsourcing? What outsourcing? All of the sudden it becomes cheaper to employ an American technician than one from Bangalore.
3) Cost of living? (I love this part!) Since China has pegged the Yuan to the Dollar, everything we get from China costs exactly the same! Maybe this will convince them to unlink the Yuan. Then we'll REALLY see who's the best producer.
4) Buhh... buhh... buhh... but foreigners will stop buying American Treasuries! What? In order to buy Russian ones? Chinese ones? Venezualian ones? Give me a break.
A weak Dollar equals: more exports, more jobs, more tourists (spending money) and the same or higher standard of living.
Bring it on!
Just get him on a crevo thread...
Cheers!
I don’t think he’s go :)
Probably contributing factors. I’m no expert.
Sure. Go ahead. Buy rocks that are produced in South Africa and Russia if you want. Think that’s safer than buying US securities?
If it ever got to the point where gold was worth more than dollars, then a loaded UZI would be worth more than both.
“If it ever got to the point where gold was worth more than dollars, then a loaded UZI would be worth more than both.”
That’s pretty much where the Mogadishu and Zimbabwe citizens are right now...
They’re hoping to change more minds to accept this ‘freedom’ of theirs :)
~~~
Now that IS beatin’ a Dead Horse...;0)
Nice to see you back on the thread. Got a little wild around here :) We’re trying not to tear the place up though.
Yes, yes...it’s freedom you see, so how could you possibly be against freedom (lol). They’ve put a great deal of thought and work behind it for sure. China did that with a great wall too :)
“As one example, note oil prices: The US imports 25% of its oil needs. That means that the remaing 75% comes from US oil producers who are raking in money hand over fist since the price of crude (in dollars) has soared with no corresponding cost increase. That money is now circulating in Texas, LA, Wyoming, Colorado, Alaska. Money soon to be playing at a theater near you.”
Correct!
Exactly. If the world economy goes back to bartering bolts of cloth for chunks of metal, then everything else falls apart and the ones with the most bullets wins.
No one (except the moonbats) wants that to happen.
“No one (except the moonbats) wants that to happen.”
I agree. When did we stop using the precious metals index for valuation? Showing my weakness here, as I don’t remember. Seems like things got a little sideways not too long after that.
If it ever got to the point where gold was worth more than dollars, then a loaded UZI would be worth more than both.
BUY AMERICAN!
“Nixon”
BTTT
Thanks. I see y’all have been doing quite well without me!
Uhhh huuhhhhh...thanks.
LOL...we’ve doing, somthin’, not quite sure what (lol) :) Overall I think it’s been a good learning thread.
I would never EVER start a thread just to watch the fireworks which ensue! [Fingers crossed]....
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