You're so full of it.
I said, Read up.
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!
IIRC it was Mark Twain that said to avoid accusing Congress of being devious as it gives them too much credit. Having worked for the federal government, I expect the goofy stuff and I marvel when they get it right.
Give a yes or no answer.
Why --did you give my question a yes or no?
He doesn’t like to say “I was wrong”.
Is that apples enough for you?
Who says it has to be a gold system?
Huh?
American Job A at time A costs: $40,000.
Indian Job A at time A costs: 200,000 Rupees = $20,000
American Job A at time B costs: $40,000
Indian Job A at time B costs: 200,000 Rupees = $30,000
Add in the administrative costs of dealing with foreign companies and the difference between 1 and 2 means it’s cheaper now to higher an American than before.
I forget...you’re always right :) You have a fine evening,I’m heading out! Please try one of the yellow gumballs :)
Like I said, feel free to post any of my errors.
“Like I said, feel free to post any of my errors.”
Not a problem.
http://www.freerepublic.com/~toddsterpatriot/in-forum
Just start there and keep backtracking. Nite :)
All talk......
Getting back to your original post, No, the sky isn’t falling. In today’s world a currency’s value is determined by the market. Maybe it’s not a perfect market but it is a market none the less. The thing that astounds me is that we have so many so-called Conservatives that don’t really believe in free markets or individual freedom or liberty. They have no problem telling me when or where to buy my widget when it’s really none of their damn business.
Speaking from experience,
American Programming job at A costs $80,000.
Indian Programming job at A costs $30,000.
American Programming job at B costs $80,000.
Indian Programming job at B costs $45,000.
The admin costs of dealing with foregin companies is pretty much negligible in the equation and it still costs a hell of alot more to employ an American.
You're so full of it.
I said, Read up.
It sounds like you think the value of a dollar didn't fluctuate under a gold standard. No inflation or deflation? LOL!
I am long foreign currencies, as well as gold options. That’s where my money is. The currencies are up “only” a few percent from their purchase price, (a big move in the currencies) but the gold options have more than doubled but not quite tripled since my purchase. I intend to roll them over, not let them expire. How about you? Should I post the S&P 500, priced in various commodities? The stock market is going up because the dollar is going down, not because of some magic recovery. Same as in Zimbabwe, where the stock market is also going up (a lot, as a matter of fact).
I read yours so you read mine.
http://www.gmu.edu/academic/ijps/vol4_2/voronkov.htm
Excerpt:
“Through integration processes at a regional level, development of ties between different regional groups and their individual participants, as well as through the liberalisation of world trade and the activity of multi-national corporations, the firm ground for a highly-integrated and interdependent, future world economy, is being laid.
Ties of integration and mutual interdependency among contemporary states are being formed over a long period. Their impact on conflict prevention is felt from a short-term perspective, not simultaneously in different parts of the world. Promoting such integration processes has to be considered as one of the most important elements of a long-term strategy of conflict prevention and stability strengthening.”
Interdependency is the key word for so called free trade. All of the free trade agreements are controlled by the UN and the WTO and unAmerican tribuuuunals.
US Crude Oil Production: 5,178,000 barrels/day
US Crude Oil Imports: 10,126,000 barrels/day
100 * Imports / (Production + Imports) = Import Percentage
100 * 10,126,000 / (5,178,000 + 10,126,000) = 66.2%
Now from the graphic Philistone posted as a percentage of total energy consumed in the US:
US Petroleum and NGPL = 14.9%
Imports of Petroleum and NGPL = 24.3%
100 * 24.3 / (14.9 + 24.3) = 62%
So Philistone’s graphic indicates 62% (in 2002) of all oil and gas used in the US was imported.
Your table indicates 66.2% (in 2005) of all oil used in the US was imported.
Essentially the same numbers other than one includes natural gas and they are from different years.
It is accurate to say from both sources that about 2/3 of our oil is imported.
Are there any free markets not controlled by the UN or the WTO? If so, let us know where you can purchase that widget showing that the WTO doesn’t have it on their list.
Except what is produced isn’t the same.
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